Michael Hudson As first published in The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times, David S. Landes, Joel Mokyr, and William J. Baumol, eds., (Princeton: Princeton University Press, 2010):8-39. Also on Michael’s website. A century ago economists could only speculate as to the origins of enterprise. It seemed logical to assume that [...]
Watch this masterful animation to an excellent speech by social theorist David Harvey: Continue on by reading two pieces in the world leading Financial Times newspaper. One by Michael Hudson on Latvia’s Third Option: As Europe’s banking crisis deepens, Greece’s and Spain’s fiscal crisis spreads throughout Europe and the US economy stalls, most discussions of [...]
Michael Hudson The Counter-Enlightenment, its Economic Program – and the Classical Alternative Based on a talk given to Prosper Australia on Friday October 16th, 2009. First published in Progress Magazine – Autumn 2010. Download Progress #1096 here. The last few years have seen Social Democratic and Labour parties fall into disarray throughout the world. Retreating [...]
photo credit: Adam_T4 Michael Hudson and Shann Turnbull* Confronted by the global financial crisis that is burying foreign economies deeper in debt deflation each month, Australia needs to protect itself – indeed, to liberate itself from as many costs and risks as it can. Fortunately, many of its costs and risks are unnecessary, merely [...]
photo credit: elodole MICHAEL HUDSON Former Treasury Secretary Hank Paulson wrote an op-ed in The New York Times yesterday, February 16 outlining how to put the U.S. economy on rations. Not in those words, of course. Just the opposite: If the government hadn’t bailed out Wall Street’s bad loans, he claims, “unemployment could have exceeded [...]
It’s hard to keep up with Professor Hudson’s rapid fire work rate. Wash the dishes to these 2 key interviews. Guns and Butter – Obama’s Republican Class War Presidency – February 3, 2010 at 1:00pmClick to listen (or download) Guns and Butter – The New Junk Economics: From Democracy to Neoliberal Oligarchy – February 10, [...]
Michael Hudson If the economy deteriorates in the L-shaped “hockey-stick” rut that many economists forecast, what political price will President Obama and the Democrats pay for having returned the financial keys to the Bush Republican appointees who gave away the store in the first place? Reappointing Federal Reserve Chairman Ben Bernanke may end up injuring [...]
Read Hudson’s latest interpretation of Obama’s economic policies: At stake now is President Obama’s credibility as an agent for change. Voters see his main “change” thus far to have been favoritism to Wall Street. Jay Leno jokes that Obama has done the impossible: resurrected the seemingly dying Republican Party and given it the coveted label [...]
photo credit: kevindooley Michael Hudson Originally posted at Counter Punch Paul Samuelson, America’s best known economist, died on Sunday Dec 13th. He was awarded the Nobel prize for economics, (founded one year earlier by a Swedish bank in 1970 “in honor of Alfred Nobel”). That award elicited this trenchant critique, published by Michael Hudson in [...]
Following Prof Michael Hudson’s recent tour, here are more multimedia highlights: Visual: Hudson on ABC International with Jim Middleton. Hudson on Switzer – Sky TV Business. Forever Blowing Bubbles – Sydney presentation. Hudson tour slideshow Audio: The Earth v the Neo-Liberal Paradigm – Prosper Australia speech Global Policy Trends in a Financialised Economy – Federal [...]