Publications

12 publications found, searching for 'Michael Hudson '

• Working Paper No. 729
  August 08, 2012

  Η θεσμική προσέγγιση του Veblen προς τη θεωρία της γαιοπροσόδου

  Michael Hudson
  Abstract

  Ως κληρονόμοι της κλασικής πολιτικής οικονομίας και της γερμανικής ιστορικής σχολής, οι αμερικανοί θεσμιστές διατήρησαν τη θεωρία της γαιοπροσόδου και την ιδέα του μη δεδουλευμένου εισοδήματος. Ο Thorstain Veblen, περισσότερο…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 729 PDF (461.06 KB)
• Working Paper No. 729
  August 08, 2012

  Veblen’s Institutionalist Elaboration of Rent Theory

  Michael Hudson
  Abstract

  As the heirs to classical political economy and the German historical school, the American institutionalists retained rent theory and its corollary idea of unearned income. More than any other institutionalist,…more

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• Working Paper No. 708
  February 15, 2012

  Ο δρόμος προς τον αποπληθωρισμό του χρέους, την πεονία και τον νεοφεουδαλισμό

  Michael Hudson
  Abstract

  O «καπιταλισμός» είναι καλύτερα κατανοητός σαν ένα σύστημα από μια σειρά από στάδια. Ο βιομηχανικός καπιταλισμός έχει παραχωρήσει τη θέση του στον χρηματοοικονομικό καπιταλισμό, ο οποίος εξελίχθηκε από τον καπιταλισμό…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) | No. 708 PDF (529.45 KB)
• Working Paper No. 708
  February 15, 2012

  The Road to Debt Deflation, Debt Peonage, and Neofeudalism

  Michael Hudson
  Abstract

  What is called “capitalism” is best understood as a series of stages. Industrial capitalism has given way to finance capitalism, which has passed through  pension fund capitalism since the 1950s…more

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• Working Paper No. 699
  December 22, 2011

  Trade and Payments Theory in a Financialized Economy

  Michael Hudson
  Abstract

  Ricardian trade theory was based on the cost of labor at a time when grain and other consumer goods accounted for most subsistence spending. But today’s budgets are dominated by…more

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• Working Paper No. 657
  March 12, 2011

  What Does Norway Get Out Of Its Oil Fund, if Not More Strategic Infrastructure Investment?

  Michael Hudson
  Abstract

  For the past generation Norway has supplied Europe and other regions with oil, taking payment in euros or dollars. It then sends nearly all this foreign exchange abroad, sequestering its…more

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• Working Paper No. 639
  November 18, 2010

  US “Quantitative Easing” Is Fracturing the Global Economy

  Michael Hudson
  Abstract

  The Federal Reserve’s quantitative easing is presented as injecting $600 billion into “the economy.” But instead of getting banks lending to Americans again—households and firms—the money is going abroad, through…more

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• Working Paper No. 634
  November 03, 2010

  How Brazil Can Defend Against Financialization and Keep Its Economic Surplus for Itself

  Michael Hudson
  Abstract

  The post-1945 mode of global integration has outlived its early promise. It has become exploitative rather than supportive of capital investment, public infrastructure, and living standards. In the sphere of…more

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• Policy Note No. 3
  October 22, 2010

  Why the IMF Meetings Failed, and the Coming Capital Controls

  Michael Hudson
  Abstract

  The global financial breakdown is part of the price to be paid for the refusal of the Federal Reserve and Treasury to accept a prime axiom of banking: debts that…more

  Download Policy Note 2010/3 PDF (236.56 KB)
• Working Paper No. 627
  October 19, 2010

  The Transition from Industrial Capitalism to a Financialized Bubble Economy

  Michael Hudson
  Abstract

  For the past decade, the US economy has been driven not by industrial investment but by a real estate bubble. Although the United States may seem to be the leading…more

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• Public Policy Brief No. 32
  August 05, 1997

  What’s Missing from the Capital Gains Debate?

  Kris Feder and Michael Hudson
  Abstract

  The recent enactment of a capital gains tax cut resulted, according to the authors, from the absence of a true appreciation or consideration of the real beneficiaries of such a…more

  Download Public Policy Brief No. 32, 1997 PDF (116.86 KB)
• Working Paper No. 187
  March 01, 1997

  Real Estate and the Capital Gains Debate

  Kris Feder and Michael Hudson
  Abstract

  The recent budget agreement contains a capital gains tax cut. The principal justification for reducing the capital gains tax rate relies on the efficiency-equity trade-off. The capital gains tax is…more

  Download Working Paper No. 187 PDF (3.89 MB)