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.
Professor David Harvey, the world’s leading expert on Marx, visits the RSA to outline the much-debated economist’s continuing relevance in 21st century economics and society. Marx’s ‘Capital’ is one of the most important texts of […]
There was so much going on this week we decided to do this special 6 minute flash pod to keep our listeners up to date! We’ve been tracking gig workers’ legal battles around the world […]