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J is for Junk Economics - Michael Hudson on the Real News Network

This year I have been regularly posting excerpts from Michael Hudson’s new book J is for Junk Economics. Below is Part One of his interview with… 48 more words

Political Economy

Michael Hudson on Class Consciousness

Here is another extract from Michael Hudson‘s excellent J is for Junk Economics (p.57-8):

Class Consciousness: This term has been associated mainly with the working class, but the elites may have an even stronger feeling of solidarity as a cohesive class.

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Political Economy

Free Market Reality

A “Free market equals a Free human” is a nice catchy phrase.  It implies that there’s no burden of regulation, no government interference, no one sitting in a far away office telling you what you can and can’t do with your life. 482 more words

Makers and Takers: How Wall Street Destroyed Main Street

It has been 9 years since the 2008 financial crisis but its spectre still looms large over the world. The US government’s half-baked approach to plug the systemic loopholes didn’t make post-crisis era any better. 1,642 more words

Book Review

Trumponomics Part 1: Causes of the phenomenon

As promised, here is a review of some of the ideas covered in the fairly weighty tome Trumponomics – Causes and Consequences, recently published by the… 759 more words

Political Economy

The Financialization Response to Economic Disequilibria: European and Latin American Experiences

Book review of N. Levy-Orlik & E Ortiz (2016), The Financialization Response to Economic Disequilibria: European and Latin American Experiences, Edward Elgar Publishing: Cheltenham UK…

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Macroeconomics