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.
A virtual briefing and Q&A on the Paradise Papers, what they mean for the UK’s tax system, and what we can do to fix it. Juliette Garside is a financial correspondent at the Guardian, who […]
Mark Blyth, political economist at Brown’s Watson Institute, and Carrie Nordlund, political scientist and associate director of Brown’s Master of Public Affairs program, share their take on the week’s news. Today’s topics include Trump’s spat […]
Is there a Deep State in our western liberal democracies? If so, is it a conspiracy or something more ‘interesting’ than that? These are questions that the Left has been traditionally engaged with, especially when facing […]