Interviews, articles and publications by
 

Dr. Michael Hudso
n

©

Dr. Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971).

ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.


In 2007, Dr. Hudson was Chief Economic Policy Adviser
for the Kucinich for President campaign.
He is now writing a new tax policy for the United States.

Site content:
Interviews, articles and publications
by the financial economist and -historian Dr. Michael Hudson.

 

RSS feed (subscribe to new material)

   

New upload of older articles:

The Use and Abuse of Mathematical Economics , Sept. 1999

DOES ECONOMICS DESERVE A NOBEL PRIZE?  (And, by the way, does Samuelson deserve one?)
In Commonweal, Vol. 93 (Dec. 18, 1970) pp. 296-98
- Paul Krugman's comment Dec. 18th, 2009 and Michael Hudson's reply , Dec. 20th, 2009

Some 'outside' comments: ATaxingMatter , Dollars&Sense , NakedCapitalist ,
and Prof. L. Randall Wray's Krugman gets it wrong

 

Recent documents (Interviews ; Articles ; Books)

Interviews

Robert Kuttner and Michael Hudson on the Obama Administration’s $789 Billion Economic Stimulus Package and $2.5 Trillion Bank Recovery Plans, DemocracyNow , Feb. 13th, 2009 - Real Video Stream - Real Audio Stream - MP3 Download    (local)

A Tax Program for U.S. Economic Recovery, ITulip , February 2009, Eric Janszen interviews Dr. Michael Hudson before his lecture at Harvard University, December 2008

Guns and Butter interviews on KPFA radio, October 8th and 15th 2008
Transcripts
: Part One: The New Kleptocracy; Part Two: The Bailout’s New Financial Oligarchy

US Seizes Control of AIG with $85 Billion Bailout, A Democracy Now interview with Nomi Prins and Michael Hudson,  September 17th 2008 (rush transcript) audio , video

The Worsening U.S. Debt Crisis, An interview with Economist Michael Hudson, by Mike Whitney Global Research, September 9
th, 2008

The Fictitious Economy, Part 2. A Black Agenda Report July 30
th 2008
The Fictitious Economy, Part 1. A Black Agenda Report July 15
th 2008
(both are transcripts of a Guns and Butter Interview on KPFA radio , June 25
th 2008)

Getting to the Heart of America's Economic Crisis. An Interview by Mike Whitney with Michael Hudson ." Counterpunch July 1st 2008

The Game is over : There Won't be a Rebound. An Interview by Mike Whitney with Michael Hudson on the Economy." Counterpunch June 20
th 2008

FIRE Economy in Crisis,
April 7
th , iTulip : Part I  - iTulip forum
     PDFs: Part I: Part II, - Part III and Part III are coming.

Debtor Nation: The Hijacking of America’s Economy - January 2008

 

Articles

The Road to Debt Peonage - The Bernanke Disaster: Be Afraid; Be Very Afraid ,  Counterpunch , Globalresearch , February 2nd, 2010

Obama’s Junk Economics: Democrats Relinquish the Populist Option to the Republicans , Global Research , February 1st, 2010 

Myths of Recovery - Which Economy is Obama Talking About?  Counterpunch, January 26th, 2010

On the Eve of the State of the Union: Will Obama Put Muscle Into the White House's New Populist Play? , Counterpunch, January 25th, 2010

Wall Street’s Power Grab. The Financial Crisis Inquiry Commission Hearings , Counterpunch, January 18th, 2010

Iceland can refuse debt servitude , Financial Times Jan. 6th, 2010

Krugman's attack on my review of Samuelson , Dec. 20th, 2009

The Lost Science of Classical Political Economy , neweconomicperspectives, Dec. 20th, 2009

Recovering from Neoliberal Disaster: Why Iceland and Latvia Wont (and Cant) Pay the EU for the Kleptocrats Ripoffs , Global Research , August 17th 2009

Iceland’s debt repayment limits will spread , Financial Times (shorter version) August 16th 2009

Debt Deflation Arrives: What the Jump in the U.S. Savings Rate Means, Counterpunch , June 30th, 2009

How the Financial Reform Plan Protects the Status Quo , Obama's (Latest) Surrender to Wall Street , Counterpunch, June 22nd , 2009

De-Dollarization: Dismantling America’s Financial-Military Empire,
The Yekaterinburg Turning Point, Global Research, June 13th, 2009

Washington cannot call all the shots , op-ed Financial Times , June 14th, 2009

Gordon Brown spills the beans on the IMF: Make Iceland pay for Incompetent British Bank Deregulation, Counterpunch, May 11th, 2009

U.S. Military Spending and the up-coming G-20 Meeting, Political Economy Research , March 29th, 2009

The Financial Sector: "A House Burning Down" - Ben Bernanke’s False Analogy, Global Research, March 16th, 2009

Finance Capitalism Hits a Wall. The Oligarchs’ Escape Plan – at the Treasury’s Expense,  
Global Research , February 17th, 2009

Bubble Economy 2.0: The Financial Recovery Plan from Hell, GlobalResearch , February 11th, 2009

Obama’s new bank giveaway. It Won't Save the Economy; It May Make the Crisis Worse. Counterpunch January 30 / February 1, 2009

Wealth Creation, or a Ponzi Scheme? GlobalResearch , Dec. 23rd 2008

Scenes From the Global Class War - Scrawny Geese; No More Golden Egg, Counterpunch , Oct. 27th 2008

Financial Warfare against Labor and Industry - Global Markets in Turmoil, Global Research , Oct. 26th 2008

Parsing Mr. Paulson’s Bailout Speech . The Unprecedented Giveaway of Financial Wealth Story, Global Research , Oct. 18th 2008

The Big Bank Job. The Insanity of the $700 Billion Giveaway , Counterpunch , Sept. 25th 2008

Mr. Paulson and the New Yazoo Land Scandal. A Cautionary Tale About Politicos and Financiers, Counterpunch , Sept. 23rd 2008

The Paulson-Bernanke Bank Bailout:
Will the Cure be Worse than the Disease? Counterpunch, Sept. 22nd 2008

Financial Bailout: America's Own Kleptocracy. The largest transformation of America's Financial System since the Great Depression, Global Research, September 20
th 2008

The Chicago School's long descent, Asia Times , Sep 12
th 2008

The Next Big Bail Outs : State, Local and Private Pensions. Counterpunch, July 31st 2008 (2nd version)

Rewarding the Bubble's Enablers. Why the Bail Out of Freddie Mac and Fanny Mae is Bad Economic Policy. Counterpunch, July 15
th 2008

How Should the Middle East invest its Rising Trade Surplus? The Gulf June 2008 issue, and in Counterpunch, June 23rd 2008

The Fed Sinks the Dollar. The Price-Wage Squeeze. Counterpunch May 1st 2008 

Resurrecting Greenspan - Hillary Joins the Vast, Rightwing Financial Conspiracy , Counterpunch April 17
th 2008

A Trillion-Dollar Rescue for Wall Street Gamblers. But No Money for Families and Retirees,  Counterpunch April 11
th 2008

A Grand Global Bargain? Save the Economy, Dismantle the Empire -
Counterpunch - March 15
th 2008

Henry George's Political Critics, in American Journal of Economics and Sociology 67 - January 2008

 

Notable articles

Why the “Miracle of Compound Interest” leads to Financial Crises , August 2007

Mathematics of Compound Interest Part 1 Part 2 , April 2001

Finance Capitalism v. Industrial Capitalism , August 1998

 

Books - more recent (and: older books )

Trade, Development and Foreign Debt - A history of theories of polarisation and convergence in the international economy
(1992), 2nd ed. ISLET Press, 2009, 422 pp. Amazon 

Global Fracture - The New International Economic Order (1977), 2nd ed. University of Michigan Press,  2005,  296 pp. Amazon 

Super Imperialism - The Origin and Fundamentals of U.S. World Dominance (1968),  2nd ed. Pluto Press ,  2003, 425 pp. Amazon
 

Coming in 2010:

2nd ed. of Economics and Technology in 19th Century American Thought
- The Neglected American Economists 2nd ed. (1975) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Recent audiovisual
(
Video ; Radio ; Speeches )

Videos

- for those WITH a transcript, see Interviews on the left
- 'local' refers to a local copy of a file

YouTube collection; blinkx collection

Hudson multimedia goodies
- from 'Down under' in Oct. 2009 :

"Classical economists fought a 500 year battle to overcome the hangover of feudal influence over a genuine democracy. With the devolution of Neo-Classical and now Neo-Liberal economics, this period will be known as the Counter-Enlightenment" stated Hudson with prominence.

Hudson Multimedia highlights from ProsperAustralia

November, 2009   

Following Prof Michael Hudson’s recent tour, here are more multimedia highlights:

Visual:
Hudson on ABC International with Jim Middleton (broadcast to 41 countries and millions of people) 
Hudson on Switzer – Sky TV Business.
Forever Blowing Bubbles – Sydney presentation. (thanks to Sean Reynolds from Global House Price Crash for filming/ editing)

Hudson tour slideshow 

Audio:
The Earth v the Neo-Liberal Paradigm – Prosper Australia speech
Global Policy Trends in a Financialised Economy – Federal Parliament’s Vital issues seminar. Transcript available soon.
Steering the Economy into Debt Deflation – Melbourne Town Hall speech
Lifting the Lid on the GFC - Lifting the Lid on the GFC slideshow
Philip Adams Interview – Late Night Live

Written:
The Age: Housing supply down, profits up – check the comments as per the Kavanagh link at the bottom.
What recovery? – Business Spectator interview
Landlords and bankers back in charge of the economy again – Daily Reckoning commentary
Interest Rates in Whose Interest – Press Release

 

On the Edge with Max Keiser . . . and Michael Hudson on Latvia, Oct.17th, 2009 (local)

Grand Theft Monopoly , July 1st. Renegade Economist Podcast 96

Renegade Economist (London) collection;  The Michael Hudson Series :

US Special with Dr. Michael Hudson , July 24, 2009

The Renegade Economist goes to New York to hear Dr. Michael Hudson’s views on the state of the US Economy.

Part 5 - Public Enterprise , June 3, 2009

Part 4 - Economic Rent , April 27, 2009

Part 3 - Income Tax , April 17, 2009

Part 2 - The Bailout , April 17, 2009

Part 1 - Housing Market , April 7, 2009

Weekly Talk Show , March 28, 2009

Six Minutes with the Renegade Economist - Michael Hudson Special  Fred Harrison interviews , Feb. 27th, 2009 - Watch on YouTube - or local

Michael Hudson 1-2 Iceland Under Attack ( local )

Michael Hudson 2-2 Iceland Under Attack ( local )

Dr. Michael Hudson - Is this the end financiall...

Afshin Rattansi talks to Michael Hudson:Paulson...

On the Edge with Max Keiser - 29 May 2009:
Max Keiser (BBC):
Bonds going belly up? Sovereign Debt Crisis
(government bonds)
Intro , Part I (Stacy Herbert leads in) , Part II (Michael starts at 2:20 min into the video), Part III (Michael Hudson's conclusion)

The Oracle with Max Keiser , interview on BBC World TV, Feb. 27th, 2009  - Watch them on YouTube ; parts one ; two ; three -  or the complete interview: local 

Financial warfare: All to the creditors - Nothing to the debtors on Iran's PressTV  January 24th 2009


Radio

- for those WITH a transcript, see Interviews on the left
- 'local' refers to a local copy of a file

Renegade Economist Podcast 96

Grand Theft Monopoly
As broadcast on the mighty www.3cr.org.au – Wednesday July 1st.
"– Professor Michael Hudson excels in describing globalisation from a financial snipers perspective, analysing how real estate (land) is used in the game of currency siphoning out of Latvia, Eastern Europe and Russia. What does neo-liberalism deliver? Who is behind the controls? Also gold, white collar sub-prime crime and GW’s departing deception.
We challenge you to find a more succinct summary of globalisation and the Washington Consensus. Download the episode. Part one of this interview can be found via the podcast.
October will be an interesting month with Hudson touring Australia."


The Way We Were and What We Are Becoming , interviewed by Bonnie Faulkner for Guns and Butter on KPFA radio, March 4th

The New Kleptocracy , a
Guns and Butter interview on KPFA radio, October 9th 2008, - on Paulson's "Plan" passed by Congress on October 3, 2008 (mp3)

Houses as a Tax Shelter , interview by Karl Fitzgerald, Renegade Economists , September 24th, 2008 (mp3)

Bailout for McCain , interview by Karl Fitzgerald, Renegade Economists , September 17th, 2008 (mp3)

US Seizes Control of AIG with $85 Billion Bailout, A Democracy Now interview with Nomi Prins and Michael Hudson,  September 17th, 2008 audio (mp3) video

Michael Hudson on AIG

US Banking Intervention
"Michael Hudson on the highly respected Democracy Now, telling the inside story on the bankers bailouts. Hudson was recently interviewed on the Renegade Economists, giving insights on the banking system like few others can. Skip to the 10 minute mark if time is your issue, that’s when host Amy Goodman introduces the Hudson segment.
... hear what Professor Hudson says on the prevalence of speculative banks. Finally some sense on this madness! "

Debt cancellation. History of Debt and Credit
, Bloomberg radio with Lewis Lapham, Laphams Quarterly, Nov. 11
th 2007, audio (mp3)

BBC World Service
- Sept. 17
th 2007:



The Plot to Shift Taxes Off Wealth onto Wage Earners (audio-mp3), Aug 22nd 2007 in Guns and Butter, KPFA
"AAA rating of subprime junk; inflation; change in world order; privatization of banking system through the Federal Reserve; Alan Greenspan and the 1982 Social Security Committee; junk economics; windfall profits; the law of fraudulent conveyance."

 

     

Contact:
mhmichael-hudson.com
www.michael-hudson.com