How Neoliberal Tax and Financial Policy Impoverishes Russia – Needlessly

November 23, 2012
By

* A shorter version of this paper has been published in the Russian Academy of Sciences journal, Mir Peremen (The World of Transformations), 2012 (3):49-64 (in Russian). An earlier version was posted by the Global Policy Forum meeting in Yaroslavl, Russia, September 7-8, 2011, on its website. Russian poverty is unnecessary. Like all poverty...

Read more »

Obama Wins for whom?

November 9, 2012
By

As published in Counterpunch The Democrats could not have won so handily without the Citizens United ruling. That is what enabled the Koch Brothers to spend their billions to support right-wing candidates that barked and growled like sheep dogs to give voters little civilized option but to vote for “the lesser evil.” This will...

Read more »

MH in the Classroom

November 5, 2012
By

Michael Hudson’s talk at the joint seminar on “Modern Monetary Theory” and “Monetary Circuit Theory” held at the Fields Institute on Tuesday July 3rd. Outlining his model at Canada’s Fields Institute, the world’s leading mathematical institute. At the meeting with Steve Keen, Stephanie Kelton,Nathan Tankus et al.

Read more »

The Social Economics of Thorstein Veblen

October 24, 2012
By

Book Review as published at the Economic History Association David Reisman, The Social Economics of Thorstein Veblen, Cheltenham: Edward Elgar, 2012, vii + 338 pp. $150 (hardcover), ISBN978-0-85793-218-1. 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. The...

Read more »

The Bubble and Beyond on Kindle

October 9, 2012
By

After many hours of formatting (thankyou Lynn), the new book The Bubble and Beyond can now be purchased for $10 from Kindle. Enjoy! Sales so far have been very good. The book would be on its second print if we were selling it traditionally. The print on demand function we are using is very...

Read more »

The Inside Man

October 5, 2012
By

The word is out: Treasury Secretary Geithner is the inside man for Wall St according to an explosive new book. The second half of this Keiser Report covers this latest machination in the world of financial crime. The interview has also been dubbed in Spanish. Thanks to Max & Stacy for all their investigative...

Read more »

Inner Econ Geek

October 1, 2012
By

This interview with Profs. Hudson, Bill Black and Randy Wray at UMKC describes how the U.S. Financial sector has become criminalized, and describes how the economy will continue to shrink sharply after the November presidential election. Listen via here KCUR writes: Want to satisfy your inner econ geek? You’ve come to the right place....

Read more »

Financial Conquest or Clean State?

September 26, 2012
By

This is an edited and expanded transcript from a live phone interview by Dimitris Yannopoulos for Athens News, September 2012. Dimitris Yannopoulos: As an academic with a strong grounding in economic history as well as banking and a Clean Slate, professor Michael Hudson has built his own school of thought – distanced from both...

Read more »

QE3 = Jobs for Wall St

September 25, 2012
By

More at The Real News PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I’m Paul Jay in Baltimore. Ben Bernanke, the head of the Federal Reserve, announced a few days ago QE3, quantitative easing three, and now he says they’re going to continue to buy assets, multibillion dollars of purchases, until...

Read more »

Modern Money and Public Purpose

September 24, 2012
By

Here is the recording of the presentation I gave at the Modern Money and Public Purpose seminar recently. My delivery begins at the 43 minute mark. I highly recommend Randy’s presentation beforehand. Moderator: William V. Harris, William R. Shepherd Professor of History and Director, Center for the Ancient Mediterranean, Columbia University Speaker 1: L....

Read more »

Surviving Progress transcript

September 24, 2012
By

Below are the transcripts from the film Surviving Progress I was a part of. The film can be purchased here. Canada FILM group on PROGRESS 2010: The Road to Debt Serfdom Cinémaginaire, ASHOP (USA): Interview with Michael Hudson – Tapes #112-113-114 Theme: In the name of “progress,” the world is regressing to neoserfdom. Mainstream...

Read more »

Set Up To Fail

September 17, 2012
By

Renegade Economists interview 05.09.2012 Interview with Professor Michael Hudson by Karl Fitzgerald Listen KF: We welcome to the show Professor Michael Hudson, Distinguished Research Professor at the University of Missouri-Kansas City, the leading Post-Keynesian university in America. It’s been fantastic to see, Michael, that the public profile of UMKC has really taken off with...

Read more »

Incorporating the Rentier Sectors into a Financial Model

September 12, 2012
By
Incorporating the Rentier Sectors into a Financial Model

by Dirk Bezemer and Michael Hudson As published in the World Economic Association’s World Economic Review Vol #1. ABSTRACT Current macroeconomics ignores the roles that rent, debt and the financial sector play in shaping our economy. We discuss the Classical view on rents and policy responses to the rentier sector in the 19th century....

Read more »

Upcoming Events

September 7, 2012
By

There are three upcoming events I will be presenting at: Sept 11: Modern Money & Public Purpose, Jerome Greene Hall, Room 104, Columbia Law School, 435 West 116th St, New York The event will be streamed live and questions can be asked via twitter. Reading Resources September 20-23: The American Monetary Institute’s 8th Annual...

Read more »

Wall Street’s War Against the Cities

August 31, 2012
By
Wall Street’s War Against the Cities

Why Bondholders Can’t – and Shouldn’t – be Paid The pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Having demonized public employees for being scheduled to receive pensions on their lifetime employment service, bondholders are insisting on getting the money instead. It is the same austerity philosophy...

Read more »

Union Discussion

August 30, 2012
By

Michael Hudson on the Union Solidarity International podcast dissecting the economic predicament, debt deflation, the problems of dollar hegemony, and the need for debt jubilees. Apologies – the audio has a reverb.

Read more »

Overview: The Bubble and Beyond:

August 10, 2012
By

The Road from Industrial Capitalism to Finance Capitalism and Debt Peonage Essays on Fictitious Capital, Debt Deflation and the Global Crisis Michael Hudson’s new book The Bubble and Beyond can be purchased here. Preface Summary and Analytic Table of Contents Introduction: Today’s Financial Crisis and Economic Theory I. Fictitious Capital and Economic Fictions 1....

Read more »

Fireside on the Great Theft

August 3, 2012
By

Michael Hudson’s new book The Bubble and Beyond can be purchased here. A recent interview in Frankfurt’s FAZ newspaper: Dr. Schirrmacher: And then, just to find a starting point, maybe we can start with the personal, and then at least I would ask you both. Maybe that is a good starting point, very basic:...

Read more »

Escape Economics Review

August 3, 2012
By

PAUL CRAIG ROBERTS reviews my book in Escape from Economics. Hudson is totally outside the matrix in which economists imprison themselves. Hudson doesn’t live in the artificial reality of economists or shill for corporations and Wall Street. A person can learn a lot from Hudson. His book, Trade, Development and Foreign Debt (2009) explains...

Read more »

Financial Predators v. Labor, Industry and Democracy

August 2, 2012
By
Financial Predators v. Labor, Industry and Democracy

Europe’s sovereign debt crisis in historical perspective Sankt Georgen University, Frankfurt, June 22, 2012 Michael Hudson’s new book The Bubble and Beyond can be purchased here. The Eurozone lacks a central bank to do what most central banks are supposed to do: finance government deficits. To make matters worse, the Lisbon Agreement limits these...

Read more »