The Social Economics of Thorstein Veblen
Those who wish to understand the many and deep contributions of Thorstein Veblen to economics will find that this offering falls short of the mark.
QE3 = Jobs for Wall Street
You’re bailing out banks’ ability to profiteer off the economy and sell all of the junk mortgages that they’ve got from Countrywide Financial and the other big fraudulent, criminalized financial agencies.
Michael Hudson’s New Book, The Bubble and Beyond
Essays on Fictitious Capital, Debt Deflation and the Global Crisis.
Financial Predators v. Labor, Industry and Democracy
Europe’s sovereign debt crisis in historical perspective.
Veblen’s Institutionalist Elaboration of Rent Theory
Despite the popularity of Veblen’s writings with the reading public, his contribution has remained isolated from the academic mainstream, and he did not leave a «school.»
The Weaponization of Economic Theory
Europe’s three needs: a debt write-down, a real central bank, and a more efficient tax system.
Paul Krugman’s Economic Blinders
Many of Mr. Krugman’s readers find him the leading hope of opposing even worse Republican politics. But what can be worse than the Rubinomics that Larry Summers, Tim Geithner, Rahm Emanuel and other Wall Street holdovers from the Democratic Leadership Committee have embraced?
Productivity, The Miracle of Compound Interest and Poverty
Rising productivity would raise wages and living standards, enabling people to work shorter hours under more relaxed and less pressured workplace conditions.
Debt: The Politics and Economics of Restructuring
Michael Hudson’s presentation for the session “The Challenge of Deleveraging and Overhangs of Debt II: The Politics and Economics of Restructuring” at the Institute for New Economic Thinking’s (INET) Paradigm Lost Conference in Berlin.
Debts that can’t be paid, won’t be
A common denominator runs throughout recorded history: a rising proportion of debts cannot be paid.
MMT as an ECB Alternative
2,181 Italians pack a Sports Arena to learn Modern Monetary Theory
«The EU is proving that it works for private banks, but not for its citizens»
The Greek crisis is being used to find out how far finance can drive down wages and privatize the public sector.