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
Steve Keen – Can we avoid another financial crisis?
This is an excellent interview with Steve Keen. It is not as technical as is often the case with Keen and easily accesible to the non-economist Watch here
Finance
Tutor2u – Are There Winners and Losers of Globalization?
The excellent Marginal Revolution team have come up with this video exploring some of the benefits and drawbacks of globalisation. The Branko Milanovic “Elephant Curve” makes a notable appearance!
Economics
MMT Podcast – Steven Hail: Understanding Government Bonds (Part 1)
Dr Steven Hail explains the terminology and the mechanics of government bond issuance to Christian. Listen here
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