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

Germany’s debt brake and EU fiscal rules will make it well neigh impossible for EU countries to fund the investments needed to decarbonize their economies.

Since the 1980s, the enemy of equal employment opportunity through upward socioeconomic mobility has been the pervasive and entrenched corporate-governance ideology and practice of maximizing shareholder value.

And the nominees for Best Documentary are…

How excessive debt hurts the economy and why to curb it.

Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public from financial chaos

Because global warming doesn’t take a holiday

Summers discusses inequality, the GOP tax plan, and our economic future

The Straight Truth

The role of speculation in the crude oil market in the increase in the WTI crude oil price.

Mott walks us through answers many careful readers of Kalecki, Keynes, Steindl, and Minsky knew all along.

Speculation, stabilizing or destabilizing?

This research project improves the mathematical capabilities of non-Neoclassical economics and uses modern techniques from nonlinear dynamical systems to model the expansion and contraction of credit and its effect on real economic output and asset prices.

The question of underdevelopment and development policies in postwar Europe will be the theme of a workshop organized by Michele Alacevich, Sandrine Kott, and Mark Mazower, at Columbia University, the Heyman Center for the Humanities, Friday, October 10, 2014. The program is available here. Below are some of Alacevich’s insights on the issue leading up the event:

We are coming up to the fifth anniversary of the Lehman crash in September 2008. How bad was it? Have we fixed the problems?