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.
Economics
Conter Radio – Does Britain Need a Nationalist Revolution? with Philip Cunliffe
Listen HERE After Brexit, does Britain still need to escape member-statehood? Have elites given up rule? Does the working class need to constitute a new nation before it can think about socialism? We spoke to […]
EU politics
Clare Daly – Militarisation and the Drive to War
September 2023 Clare Dalys talk at the Left Bloc Scoil Chois Claí, illustrating how the EU is already engaged in the process of Militarisation, how it plans to build a new force of 20,000 troops, […]
Austerity
Yanis Varoufakis – Why is economics not a force for good and what must we do to make it so?
“At the Cambridge Union on 7th November 2019 Yanis Varoufakis smashed the academic boundary walls of economics in style. His critical principles come from his characteristic cool iconoclasm – he has ‘zero respect for economists’ […]
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