Articles

Average U.S. household loses over $100,000 to destructive activities of bankers and financiers

Business school students are taught to extract resources instead of creating value.

If Italy or the European Union have to step in to save banks, there’s no reason for them to have to do it for free

The European Union is headed for a disorderly disintegration, and can only be saved if it is reconstructed to satisfy citizens’ needs and aspirations

It would be a tragic mistake to read anti-E.U. sentiment across Europe as simple bigotry — racism and xenophobia are being nurtured by the economic pain produced by prevailing economic policies

What we’re reading: A weekly scan of published items relevant to the Institute’s work

Book review: Michel De Vroey and the problems of macroeconomics

A meditation on Vercelli, Vernengo and Levitt & Seccareccia

Eight years after the 2008 crisis the global economy is still stuck with low growth, too low inflation, and rising debt burdens. Massive monetary stimulus has failed to generate adequate demand, and some commentators suggest that we are “out of ammunition” with which to counter deflationary pressures.

Despite using different methodologies, a number of scholars agree that most of the ‘bailout’ money is going to Greece’s foreign creditors