Dr. Gerald Epstein is Professor of Economics and founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst. Among his many excellent works he and Juan Antonio Montecino calculated the costs to the United States economy of its financial sector across three categories: rents and excess profits; misallocation; and the crisis costs of 2008. Gerald believes that the number he arrives at, an excess cost of $22.3 trillion between 1990 and 2023, is likely to be a modest underestimation because the costs of the financial crisis may be much greater and the numbers do not involve lost tax revenues from various financial innovations.
EU politics
Bill Mitchell: Reclaiming the State presentation
Bill Mitchell presents his new book written with Thomas Fazi Reclaiming the State View here
Climate Crisis
Steve Keen – Using Energy to Measure Economic Output, Not Prices
Since the mid-20th century, economic growth has become a sort of Holy Grail for measuring how economies are doing. But there are real problems using this method as it ignores increasing inequality and worsening environmental […]
Geopolitics
Craig Murray, Laith Marouf – “Repression of Anti-Zionist Voices in the West.”
5 November 2024 Laith Marouf interviews, former UK Ambassador, Historian and Human Rights activist Craig Murray during his visit to Lebanon. They discuss the journey of Craig from the UK’s Foreign Office, to the list […]
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