How widespread is the idea that one person’s debt is another person’s credit and therefore has no impact on the economy. What are the implications of this thinking and what changes when the realisation that the banking sector is also involved and so is is the relative velocity of money in different hands. If we accepted that debt and credit don’t always can cancel each other out how would that change the approach of governments and the monetary policy of Central Banks?
The State of the Union is a series of events organized by alternative media organizations Brave New Europe and Conter ahead of the European Parliamentary elections. Costas Lapavitsas is a professor of economics at SOAS […]
Ann Pettifor and Sirio Canos Donnay … Reflecting on the polarisation between the right and left which has opened up in European politics since the financial crisis this podcast discusses the neoliberal conundrum: if the […]
David Harvey is the foremost Marxist thinker about political economy and has been teaching Karl Marx’s Capital for over 40 years. He currently teaches at the Graduate Center of the City University of New York. Prof. Harvey has written […]
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