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Michael Hudson

    March 14, 1939

    Multiple individuals write under these author names. Further information about the authors and their works can be found in their respective profiles.

    Global Fracture
    THE BUBBLE AND BEYOND
    Killing the host
    ...and Forgive Them Their Debts
    Trade, development and foreign debt
    Super Imperialism. The Economic Strategy of American Empire. Third Edition
    • 2024

      Temples of Enterprise

      Creating Economic Order in the Bronze Age Near East

      • 344 pages
      • 13 hours of reading

      Focusing on the origins of Western economic structures, this collection of twelve articles explores the development of money, markets, land tenure, and enterprise in the ancient Near East, specifically within temples and palaces. Drawing from insights gained during five international colloquia, the volume challenges modern economic orthodoxy by highlighting the stark differences in archaic social values and policies during the Bronze Age economic expansion from 3500-1200 BC. It sheds light on the complexities of early economic organization and its implications for contemporary understanding.

      Temples of Enterprise
    • 2021
    • 2021

      This edition of Super Imperialism is the finalized version of the analysis that Michael Hudson first published in the wake of President Nixon severing the dollar's link to gold in August 1971. Closing the gold window had been imminent since the London Gold Pool was disbanded in 1968 in response to the U.S. overseas military spending that had pushed the balance of payments into steadily deepening deficit since the Korean War (1950-51).

      Super Imperialism. The Economic Strategy of American Empire. Third Edition
    • 2019

      The Campaign

      Good News for a Partisan World

      • 92 pages
      • 4 hours of reading

      The book explores the recurring theme of placing hope in political candidates and parties, highlighting the cycle of expectations for transformative leadership. It reflects on the historical context of political promises like "Hope and Change" and "Make America Great Again," and examines the disillusionment that follows each election as society waits for a leader who can genuinely enact meaningful change. The narrative invites readers to reconsider their reliance on politics for solutions to societal issues.

      The Campaign
    • 2018

      ...and Forgive Them Their Debts

      • 340 pages
      • 12 hours of reading
      4.3(129)Add rating

      In ...and forgive them their debts, renowned economist Michael Hudson - one of the few who could see the 2008 financial crisis coming - takes us on an epic journey through the economies of ancient civilizations and reveals their relevance for us today. For the past 40 years, in conjunction with Harvard's Peabody Museum, he and his colleagues have documented how interest-bearing debt was invented in Bronze Age Mesopotamia, and then disseminated to the ancient world. What the Bronze Age rulers understood was that avoiding economic instability required regular royal debt cancellations. Professor Hudson documents dozens of these these royal edicts and traces the archeological record and history of debt, and how societies have dealt with (or failed to deal with) the proliferation of debts that cannot be paid - and their consequences. In the pages of ...and forgive them their debts, readers will discover how debt played a central role in shaping ancient societies, and how it continues to shape our world - often destructively.

      ...and Forgive Them Their Debts
    • 2017

      When the media talk about Donald Trump's economic adviser Gary Cohn, he's known as the "liberal in the White House," one of those adults in the room the nation ought to be grateful for. But before crafting that thank-you note to Mr. Cohn, make sure to read the real history, by Pulitzer-Prize winning investigative reporters Gary Rivlin and Michael Hudson, of his central role in both creating the conditions for the great financial collapse of 2008 and managing to score an eye-popping profit from it -- along the way turning bailout money into exploding bonus payments. When Wall Street critics lament that the bankers at the center of the fraud never faced justice, they're talking about people like Gary Cohn. Now he's setting national economic policy.

      Wall Street's White House: How Gary Cohn Wrecked The Global Economy And Parlayed It Into A White House Job
    • 2017

      J IS FOR JUNK ECONOMICS

      A GUIDE TO REALITY IN AN AGE OF DECEPTION

      • 406 pages
      • 15 hours of reading

      Exploring the intricacies of the global economy, this A-to-Z guide offers over 400 sharp entries and essays that dissect contemporary economic terms and concepts often misunderstood or overlooked. Building on the themes of "Killing the Host," the author reveals the dynamics of financial systems, highlighting the disparities between economic winners and losers. With a comprehensive index, the book aims to clarify the often convoluted language of economics and restore vital historical insights to the discussion.

      J IS FOR JUNK ECONOMICS
    • 2017

      J is for junk economics

      • 406 pages
      • 15 hours of reading

      A companion and follow-up to KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT DESTROY THE GLOBAL ECONOMY. J IS FOR JUNK ECONOMICS pulls back the curtain on the vocabulary and terms of today's tunnel-visioned, overly-mathematized economic lexicon.

      J is for junk economics
    • 2016

      10 Essays presented at the International Thorstein Veblen Association conference in Istanbul (2012): "Veblen, Capitalism and Possibilities for a Rational Economic Order." Quotes below from the book: "Most American economists in the early 20th century studied in Germany and were taught that John Stuart Mill's 1848 Principles of Political Economy was the high-water mark of classical thought. However, Mill's reformist philosophy turned out to be "not a goal but a half-way house" toward the Progressive Era's reforms [generally the 1890s to 1920s following the excesses of The Guilded Age]. ... But the classical approach to political economy continued to evolve, above all through Thorstein Veblen." - Michael Hudson "The Veblenian critique calls for anger, but not despair. On the political front, his critique of the ... social order has helped move three generations to take political action against it: first the New Dealers of the 1930s and 1940s, next the counterculture youth of the 1960s and the 1970s and now the egalitarian protesters of the New Millennium. So far they have failed ... [and] the stakes have increased after each failure." -- William M. Dugger (Foreword)

      Absentee ownership and its discontents