J Is For Junk Economics

Author : Michael Hudson
ISBN : 3981484258
Genre :
File Size : 38.79 MB
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A companion and follow-up to KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT DESTROY THE GLOBAL ECONOMY. J IS FOR JUNK ECONOMICS pulls back the curtain on the vocabulary and terms of today's tunnel-visioned, overly-mathematized economic lexicon.
Category:

The Bubble And Beyond

Author : Michael Hudson
ISBN : 398148424X
Genre :
File Size : 71.40 MB
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PROFESSOR MICHAEL HUDSON is one of the foremost critics of contemporary finance capitalism and the worldwide power "the 1%" weilds because of government tax breaks and other favorable legislation. In THE BUBBLE AND BEYOND, he illuminates how the expansive and successful forces of 19th and 20th century industrial capitalism have been subverted by today's predatory finance capitalism, putting the entire world in a financial mess - and what can be done about it. A confusing labyrinth of geo-political issues impacts economic health and growth, and few are studied in the classroom or given space in the press. There is a way out of the labyrinth, however, as Professor Hudson demonstrates across 20 readable topics. PROFESSOR HUDSON'S most controversial claim is that "Debts that can't be paid, won't be," leaving in question whether or not debt non-payment will lead to worldwide foreclosures - including sell-offs of public domain assets by debt-strapped local and national governments. This is already happening locally and globally - exactly what some of the 1% would like - creating a newly-poor feudalistic society with the 1% collecting all the usage "fees." Alternatively, he suggests that the debts be written down in line with the ability to pay, as has been done by corporations via Chapter 11 bankruptcies and reorganizations throughout a more enlightened modern economic history as well as biblical record. In Professor Hudson's bold view, debt write-downs versus privatization and sell-offs of public domain assets are the economic issues that will dominate politics over the next generation. THE BUBBLE AND BEYOND is a compendium and brief history of economic thought and why it matters not only to Americans, but to people all over the world. You will find that you refer to it again and again as a fount of information, much of which has been out of favor for decades and/or suppressed by the financial interests. Professor Hudson provides chapter and verse, names names, and explains the mistakes and outright fraud that have often been committed in the name of political ideology - by both the right and the left. You will encounter all of the heroes and miscreants of economics, industry, and politics from the Bible and Babylon to present day banksters, misguided Fed policy-makers, and captains of the finance/insurance/real estate (FIRE) sector and the military-industrial complex. In one chapter after another, Professor Hudson tells who did what to whom - as well as who wins and who loses. This updated edition makes it plain where money goes versus where it might go - and ought to go. UPDATED EDITION with a NEW INDEX, LIST OF 47 EXHIBITS (illustrations, charts, graphs and models), a BONUS CHAPTER and BONUS SUMMARY, contemporary quotes, and author pull-out quotes.
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Killing The Host

Author : Michael Hudson
ISBN : 3981484282
Genre : Business cycles
File Size : 88.38 MB
Format : PDF
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"The financial sector has succeeded in depicting itself as part of the productive economy, yet for centuries banking was recognized as being parasitic. The essence of parasitism is not only to drain the host's nourishment, but also to dull the host's brain so that it does not recognize that the parasite is there. This is the illusion that much of Europe and the United States suffer under today. The aim of this book is to pierce this illusion and replace junk economics with economics based on reality. In Killing the Host, Michael Hudson argues that financial crises will continue unless we radically transform our economic and political structures, and reclaim the best ideas of classical economics. Ominous, yet clear-eyed and prophetic, Hudson provides viable solutions to our economic problems, at a time when politicians have shown themselves unable to understand our economy much less fix it" --
Category: Business cycles

The Monster

Author : Michael W. Hudson
ISBN : 9781429940047
Genre : Business & Economics
File Size : 77.29 MB
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Who killed the economy? A page-turning, true-crime exposé of the subprime salesmen and Wall Street alchemists who produced the biggest financial scandal in American history "It's hard to have a guilty conscience if you don't have a conscience. Anything that benefited production - that benefited me and benefited my wallet - I'd do it." The sales force at Ameriquest Mortgage took this philosophy to heart. They watched the Hollywood white-collar-crime flick "Boiler Room" as a training tape, studying how to pitch overpriced deals to unsuspecting home owners. They learned how to forge signatures on mortgage paperwork and create fake documents in "cut-and-paste" operations they dubbed "The Lab" or "The Art Department." In this stunning narrative, award-winning reporter Michael W. Hudson reveals the story of the rise and fall of the subprime mortgage business by chronicling the rise and fall of two corporate empires: Ameriquest and Lehman Brothers. As the biggest subprime lender and Wall Street's biggest patron of subprime, Ameriquest and Lehman did more than any other institutions to create the feeding frenzy that emboldened mortgage pros to flood the nation with high-risk, high-profit home loans. It's a tale populated by a remarkable cast of the characters: a shadowy billionaire who created the subprime industry out of the ashes of the 1980s S&L scandal; Wall Street executives with an insatiable desire for product; struggling home owners ensnared in the most ingenious of traps; lawyers and investigators who tried to expose the fraud; politicians and bureaucrats who turned a blind eye; and, most of all, the drug-snorting, high-living salesmen who tell all about the money they made, the lies they told, the deals they closed. Provocative and gripping, The Monster is a searing exposé of the bottom-feeding fraud and top-down greed that fueled the financial collapse.
Category: Business & Economics

Finance As Warfare

Author : Michael Hudson
ISBN : 1848901852
Genre : Business & Economics
File Size : 90.96 MB
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Michael Hudson is one the world's foremost critics of contemporary financial capitalism. He is also one of a tiny handful of eminent economists who is leading us to look at old questions in startling new ways. Professor Hudson is the author numerous books on international finance and economic history, and a frequent contributor to leading newspapers and public affairs sites. "There are few people alive who have taught me more than Michael Hudson. The incisive and brilliant essays in this book should really be assigned to every first-year student of economics. The fact they never will be is the ultimate testimony to the fact economics has betrayed its own most noble tradition - and Hudson here so magnificently embodies - to become a sheer instrument of power." David Graeber, author of Debt: the First 5,000 Years and co-organizer of Occupy Wall Street "Michael Hudson... I consider to be the best economist in the West." The Saker "Economist's theoretical edifice does not explain economic reality. Economists need to begin anew. Michael Hudson shows them the way." Paul Craig Roberts, Institute for Political Economy
Category: Business & Economics

Can We Avoid Another Financial Crisis

Author : Steve Keen
ISBN : 9781509513765
Genre : Political Science
File Size : 50.27 MB
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The Great Financial Crash had cataclysmic effects on the global economy, and took conventional economists completely by surprise. Many leading commentators declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted. In this explosive book, Steve Keen, one of the very few economists who anticipated the crash, shows why the self-declared experts were wrong and how ever-rising levels of private debt make another financial crisis almost inevitable unless politicians tackle the real dynamics causing financial instability. He also identifies the economies that have become ?The Walking Dead of Debt?, and those that are next in line ‒ including Australia, Belgium, China, Canada and South Korea. A major intervention by a fearlessly iconoclastic figure, this book is essential reading for anyone who wants to understand the true nature of the global economic system.
Category: Political Science

Capitalism S Crisis Deepens

Author : Richard D. Wolff
ISBN : 9781608466559
Genre : Social Science
File Size : 27.50 MB
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Praise for Richard Wolff and Democracy at Work: "Richard Wolff's constructive and innovative ideas suggest new and promising foundations for much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly and carried forward. A very valuable contribution in troubled times."—Noam Chomsky "Richard Wolff is the leading socialist economist in the country. This book is required reading for anyone concerned about a fundamental transformation of the ailing capitalist economy!"—Cornel West "Bold, thoughtful, transformative-a powerful and challenging vision that takes us beyond both corporate capitalism and state socialism. Richard Wolff at his best!"—Gar Alperovitz While most mainstream commentators view the crisis that provoked the Great Recession as having passed, these essays from Richard Wolff paint a far less rosy picture. Drawing attention to the extreme downturn in most of capitalism's old centers, the unequal growth in its new centers, and the resurgence of a global speculative bubble, Wolff—in his uniquely accessible style—makes the case that the crisis should be grasped not as a passing moment, but as an evolving stage in capitalism's history. Richard Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and a Visiting Professor at the New School in New York. Wolff's recent work has concentrated on analyzing the causes and alternative solutions to the global economic crisis. His groundbreaking book Democracy at Work: A Cure for Capitalism inspired the creation of Democracy at Work, a nonprofit organization dedicated to showing how and why to make democratic workplaces real.
Category: Social Science

Global Fracture

Author : Michael Hudson
ISBN : 0745323944
Genre : Business & Economics
File Size : 40.11 MB
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Hudson is one of the tiny handful of economic thinkers in today's world who are forcing us to look at old questions in startling new ways. Alvin Toffler, best-selling author of Future Shock and The Third WaveThis new and updated edition of Michael Hudson's classic political economy text explores how and why the US came to achieve world economic hegemony.Originally published as the sequel to Hudson's bestselling Super Imperialism, Global Fracture explores American economic strategy during a key period in world history. In 1973, many of the world's most indebted countries sought to free themselves of trade dependency and the debt trap by creating a New International Economic Order (NIEO). This aimed to improve the terms of trade for raw materials and build up agicultural and industrial self-sufficiency. Global Fracture shows how the US undermined this progressive initiative and instead pushed for financial dominance over the rest of the world. Today, the NIEO is a forgotten interlude, its optimism replaced by the financial austerity imposed by the IMF and the World Bank.Exploring how America achieved its economic aims, and tracing the implications this has had through subsequent decades, Michael Hudson covers various topics including trade embargoes, changing US attitudes to foreign aid, the rise of protectionism, government regulation of international investments, the impact on specific industries including the oil industry, the implications of the new economic order and the future of war.
Category: Business & Economics

Boiling Point

Author : Barlow, Maude
ISBN : 9781770909472
Genre : Political Science
File Size : 74.69 MB
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Passionate and cogent, this could be the most important book of the year for Canadians We are complacent. We bask in the idea that Canada holds 20% of the worldÍs fresh water „ water crises face other countries, but not ours. We could not be more wrong. In Boiling Point, bestselling author and activist Maude Barlow lays bare the issues facing CanadaÍs water reserves, including long-outdated water laws, unmapped and unprotected groundwater reserves, agricultural pollution, industrial-waste dumping, boil-water advisories, and the effects of deforestation and climate change. This will be the defining issue of the coming decade, and most of us have no idea that it is on our very own doorstep. Barlow is one of the worldÍs foremost water activists and she has been on the front lines of the worldÍs water crises for the past 20 years. She has seen first-hand the scale of the water problems facing much of the world, but also many of the solutions that are being applied. In Boiling Point, she brings this wealth of experience and expertise home to craft a compelling blueprint for CanadaÍs water security.
Category: Political Science

How To Talk To Your Cat About Gun Safety

Author : Zachary Auburn
ISBN : 9780451494931
Genre : Humor
File Size : 54.28 MB
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The cats of America are under siege! Long gone are the good old days when a cat’s biggest worries were mean dogs or a bath. Modern cats must confront satanists, online predators, the possibility of needing to survive in a post-apocalyptic wasteland, and countless other threats to their nine lives. For over four decades, the American Association of Patriots have stood at the vanguard of our country's defense by helping to prepare our nation's cat owners for the difficult conversations they dread having with their pets. Written in a simple Q&A format, How to Talk to Your Cat About Gun Safety answers crucial questions such as, “What is the right age to talk to my cat about the proper use of firearms?” and “What are the benefits of my cat living a lifestyle of abstinence?” and especially “Why does my cat need to use the internet? Can’t he just play with yarn like cats used to do?” Our country—and our cats—stand at a precipice. It will take courage, and it will take hard work, but armed with the knowledge within these pages, we can make our cats—and America—great again!
Category: Humor