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.
Deregulation
Anat Admati: Seeing through “the banker’s new clothes”
Anat R. Admati holds a bachelor’s degree from Hebrew University in Jerusalem and a doctorate from Yale University, and is a professor of finance and economics at the Stanford Graduate School of Business. Her recent […]
Climate Crisis
Steve Keen – “Don’t Study THIS Economist” Top Economist Warns Students
This is an edited video of a talk I gave at Yale University, where Nordhaus is a Professor, critiquing his work and that of his cabal of followers.
Economics
The Left Book Review – The State of Capitalism
We are living in a historical interregnum, as Antonio Gramsci famously described it, where the old order of global capitalism and American global hegemony is dying, but the new cannot be born. That’s the key […]
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