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An Autobiographical on Economic Rent and Exploitation

By Saturday, June 18, 2022 Interviews , , Permalink

Settle in for this interview. Michael Hudson, Shepheard Walwyn recording May 23, 2022 Part one https://www.youtube.com/watch?v=XDo7HykYN9k Part two here. https://www.youtube.com/watch?v=I-xWgLertkg Jonathan Brown Michael, welcome to the podcast. Michael Hudson It's good to be here. I'm looking forward to it. Jonathan Brown Michael, I think you have one the most extraordinary upbringings and journeys into economics. And I just wanted to give our listeners just some sense of how you got from being the godson of Leon Trotsky all the way to what I consider to be probably the most important economist in the world today. Michael Hudson 00:23 There’s no direct causality there that could have been anticipated. I never studied economics in college, because I went to school at the University of Chicago. We know that there were some students at the university who were at that business school. ...

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The Economics of Reality: How Finance Dominates Production and Rents Overshadow Profits

By Saturday, March 24, 2001 Articles, Financial Permalink

The Economics of the Future Wagner's Music of the Future - his "total art work" - sought to integrate music and drama (along with art, dance and poetry). In a similarly broad way, the economics of the future will integrate finance and production, thereby restoring the lost link (as drama had been lost to most operatic music in Wagner's day). Therefore, the economics of the future will pick up the thread where it was broken off in the 1870s. While many social sciences extended themselves to include physical science, technology and history, academic economics underwent its Great Narrowing. In an epoch of unparalleled social transformations, economics became marginalist rather than dealing with structural change. As politics was becoming radical, marginalism and its mathematics espoused the status quo implicitly, by not discussing the ...

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Wars Are Won by Economics, Not Armies

By Wednesday, May 6, 2026 Articles No tags Permalink

Michael Hudson and Ian Proud discuss why modern wars are increasingly fought through economics rather than military force, and why sanctions against Iran may rebound on the US, Europe and the wider financial system. Hudson argues that oil shocks, debt fragility and military Keynesianism expose the weakness of US strategy, while pushing sanctioned nations towards self-sufficiency and accelerating the search for alternatives to dollar dominance.

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The New Civilizational Divide: Rentier Empire vs Productive Economy

By Thursday, February 19, 2026 Interviews No tags Permalink

Michael Hudson argues that today’s crisis is not just economic but civilizational. He traces how classical political economy sought to minimise unearned income from landlords, monopolists and bankers, and contrasts this with modern finance capitalism, where rent-seeking dominates GDP, public infrastructure is privatised, and debt replaces production as the driver of growth. The result, he contends, is a widening divide between Western oligarchy and state-led industrial models in China and Russia, with energy, credit and economic rent at the centre of the struggle.

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