Tags » Financialization

James Tobin on 'paper economy' and short-sighted speculation-generating financial instruments

Nobel laureate in Economic Sciences James Tobin at the conclusions in his (open access) “On the Efficiency of the Financial System”¬†paper:

“We are throwing more and more of our resources, including the cream of our youth, into financial activities remote from the production of goods and services, into activities that generate high private rewards disproportionate to their social productivity.

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Economic Outlook: Relaxed Regulations, Lax Regulation, and "Too-Big-To-Regulate"

As an economist living in the Post-Great Recession world, I often consider the effects of greater financial sector regulation on overall economic performance.

Given my populist leanings, it may surprise you to hear that I have been conflicted about the merits of greater regulation (or more accurately, the merits of pursuing such reforms now). 1,526 more words

Blog Posts

(7) The real economy and financialization - concise factography for three decades (1980-2010) of the G7, BRIC, other G20 countries, Serbia and its wider environment

Liberalization in the real economy (production, foreign trade …) and in particular the liberalization of finance and capital flows, which occurred in the previous three decades, has caused not only the acceleration of globalization, but large structural and dynamic changes within national economies. 671 more words


Openhere Starts Tomorrow

The Openhere conference/festival starts tomorrow in the Science Gallery, Dublin. The three-day program all looks really interesting – a great line-up of speakers – but perhaps most interesting for us are the talks by Brett Scott on open-source financing and the interview with the Robin Hood Collective who ask: 804 more words


Art and Money course at the Halifax Public Library in January 2015

This January I’ll be offering my course Art and Money jointly through the Nova Scotia College of Art and Design and the brand new Central branch of the… 111 more words


The Financialization of Life (3/5)

Costas Lapavitsas speaks to an audience at The Real News about how finance controls the global economy.


The "Financialization" of life - great interview

From the web site “Naked Capitalism” – a web site which provides very-much-out-of-the-box commentary on capitalism and its state came the link to the Real News interview with¬†with Costas Lapavitsas, a professor in economics at the University of London School of Oriental and African Studies. 2,496 more words