A Hard Look at Rent and Rent Seeking

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https://www.youtube.com/watch?v=IquO_TcMZIQ&t=37s In this interactive seminar organized jointly by the Henry George School and the International Union for Land Value Taxation, Michael Hudson and Pepe Escobar will unpack one of the most destructive features of our economic system and the many different ways it drives wealth inequality. They will also focus on China and the “Great Game” regarding control of the world’s resources. Michael Hudson is an American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street analyst, political consultant, commentator and journalist. ... He identifies himself as a classical economist. Michael is the author of J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt ...

The Social Economics of Thorstein Veblen

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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 title promises to treat the social policy content of Veblen’s economic thought. Describing the ways in which markets were being distorted by predatory finance and other special interests, Veblen was read by every socialist leader and most progressives in early and mid-20th century America. Written in a popular sarcastic style, his books showed how the behavior of wealth and high finance was having perverse effects after World ...

Paul Krugman’s Economic Blinders

In Mr. Krugman’s reading, private debts need not be written down or the tax system made more efficient. It is to be better subsidized – mainly with easier bank credit and more government spending. So I am afraid that his book might as well have been subtitled “How the Economy can Borrow its Way Out of Debt.” That is what budget deficits do: they add to the debt overhead.

Tainted Transactions: An Exchange

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From The National Interest No. 60 http://www.nationalinterest.org http://www.ciaonet.org/olj/ni/ni_00saj01.html A letter exchange in response to Janine Wedel's “Tainted Transactions: Harvard, Russia and the Chubais Clan” (Spring 2000). Participants: Jeffrey Sachs, Anders Aslund, Marek Dabrowski, Peter Reddaway, Igor Aristov, Wayne Merry, Michael Hudson, David Ellerman, Steven Rosefielde and Janine Wedel. Jeffrey D. Sachs, director of the Center for International Development, Harvard University: Janine Wedel, for the umpteenth time, repeats her phony diatribes against me ("Tainted Transactions: Harvard, the Chubais Clan and Russia’s Ruin", Spring 2000). Please permit me to correct the record. Despite Dr. Wedel’s weird insinuations that I had no advisory role with the Russian government, I was an official adviser to that government, but only for two years and two months, from December 1991 to January 1994. I worked closely with Anders Åslund during this period. ...