Tags: Michael Hudson

The Lost Science of Classical Political Economy

April 17th, 2011
in Op Ed

There is a seeming riddle in the recent evolution of economic thought. It has become more otherworldly and abstract, more detached from the reality of how economies are running deeper into debt to a financial oligarchy. The global economy itself is polarizing between creditor and debtor nations, financial core and periphery. more »

Will Iceland Vote “No” on April 9, or Commit Financial Suicide?

April 10th, 2011
in Announcements, Op Ed

The choice presented to the Icelandic voters is no choice at all. To vote yes is to impose decades of poverty on the country. more »

Fall of the New Monetary Consensus

March 11th, 2011
in Op Ed

Financialization is the problem, not a sustainable economic strategy. We need to turn instead to an updated Keynesian-Minskian New Deal based on jobs, growing wages, consumption—especially public consumption, constrained and downsized finance, and greater equality. more »

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