Michael Hudson is a highly-regarded economist. He is a Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Trai…
Posts Tagged ‘economist’
Michael Hudson: Average Stock Held for 22 Seconds and Average Foreign Currency Position Held for 30 Seconds
January 2nd, 2011 |
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Another Nobel Economist Says We Have to Prosecute Fraud Or Else the Economy Won’t Recover
November 3rd, 2010 |
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As economists such as William Black and James Galbraith have repeatedly said, we cannot solve the economic crisis unless we throw the criminals who committed fraud in jail.And Nobel prize winning economist George Akerlof has demonstrated that failure …
Blacked out
September 21st, 2010 |
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Where The Economist is censored
SINCE January 2009 The Economist has been banned or censored in 12 of the 190-odd countries in which it is sold, with news-stand (as opposed to subscription) copies particularly at risk. India has censored 31 issues and at first glance might look like the worst culprit. However its censorship consists of stamping “Illegal” on maps of Kashmir because it disputes the borders shown. China is more proscriptive. Distributors destroy copies or remove articles that contain contentious political content, and maps of Taiwan are usually blacked out. In Sri Lanka both news-stand and subscription copies with coverage of the country may be confiscated at customs. They are then released a couple of weeks later (sometimes sooner if the story is also reported by another news outlet). In Malaysia the information ministry blacks out some stories that it judges may offend Muslims, among other things. And in Libya, four consecutive editions were confiscated in late August/early September 2009, the first of which featured a piece critical of Muammar Qaddafi.
Images can also prompt action. The cover of last year’s Christmas issue showing Adam and Eve was censored in five countries. Malaysian officials covered up Eve’s breasts. Pakistan objected to the depiction of Adam, which it said broke a prohibition on depicting Koranic figures. …
Did the Fed Economist Slam Bloggers for the Same Reason that Fundamentalist Priests Slammed the Printing Press?
June 30th, 2010 |
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Kartik Athreya of the Richmond Federal Reserve Bank argues that bloggers are stupid, and that only PhD economists have a right to say anything about economics policy.This distinction is a little ridiculous, given that many of the world’s top PhD eco…
Expert on chances of Greece leaving eurozone
June 4th, 2010 |
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American economist and Nobel Prize winner Paul Krugman has raised doubts that a rescue plan worth EUR 110bn for debt-stricken Greece will be effective. He noted that he believed the country still faced a 50-50 chance of ejection from the eurozone.
“Corridor 10 important for developmentâ€
April 25th, 2010 |
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Economist Milan KovaÄević said that there must be investments in traffic infrastructure in order to attract new foreign investments. He said that it is very unfortunate that Corridor 10 has not been completed yet.
Economist James Galbraith: Economists Should Move into the Background, and “Criminologists to the Forefront”
April 22nd, 2010 |
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University of Texas economics professor James K. Galbraith previously said that fraud caused the financial crisis:
You had fraud in the origination of the mortgages, fraud in the underwriting, fraud in the ratings agencies. Senator Kaufman said la…
Nobel Prize-Winning Economist: Federal Reserve System is Corrupt and Undermines Democracy
March 4th, 2010 |
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Joseph Stiglitz – former head economist at the World Bank and a nobel-prize winner – said yesterday that the very structure of the Federal Reserve system is so fraught with conflicts that it is “corrupt” and undermines democracy.Stiglitz said:If we [i….
Leading Austrian Economist: Some Conspiracy Theories Are True
February 12th, 2010 |
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Many people are starting to appreciate the Austrian school of economics, and its recognition that unrestrained bubbles lead to economic crashes.But many of those who respect Austrian economics dismiss all “conspiracy theories” as being crazy.But in fac…
Science correspondent’s job
January 21st, 2010 |
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The Economist is looking for a Science and Technology correspondent to work at its headquarters in London. Knowledge of the field, an ability to write informatively, succinctly and wittily, and an insatiable curiosity are more important attributes than prior journalistic experience. A background in the physical sciences would be an advantage. Applicants should send a CV, a brief letter introducing themselves, and an article which they think would be suitable for publication in the Science and Technology section to scijob@economist.com. The closing date for applications is February 19th.
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Economist: Health Care Bill “Is Just Another Bailout Of The Financial System”
December 30th, 2009 |
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It is obvious that many republicans oppose the proposed health care bill. But many liberals and progressives oppose it as well.For example, economist L. Randall Wray writes: Here’s the opportunity, Wall Street’s newest and bestest gamble: there i…
Economist: “What Passes For Help To Homeowners In The Capitol Might Look More Like Handing Out Money To Banks Anywhere Elseâ€
November 30th, 2009 |
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PhD economist Dean Baker makes an interesting point in a new essay:The big talk in Washington these days is “helping homeowners”. Unfortunately, what passes for help to homeowners in the capitol might look more like handing out money to banks anywhere …
S&P’s Chief Economist Confirms the Importance of Age Demographics
November 12th, 2009 |
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As I have previously noted, Japan’s population is rapidly aging, and the U.S. age pyramid – while not as bad – is not nearly as young as that of Brazil or India’s:Which countries have the best demographics?Let’s start by looking at the “age pyramid” fo…
Senior Harvard and Cato Economist: Government is Proposing to Institutionalize Bailouts for the Giant Banks
September 24th, 2009 |
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Jeffrey Miron will testify today at 9 am east coast time before the House Committee on Financial Services.Miron is the Senior Lecturer and Director of Undergraduate Studies in the Department of Economics at Harvard, and also a Senior Fellow at the Cato…
Top Economists Say We Must Break Up the Insolvent Banks (Government Says Let’s Make Them Bigger)
September 11th, 2009 |
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The following top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion:Nobel prize-winning economist, Joseph StiglitzNobel prize-winning economist, Ed Prescott De…
Nobel Prize Winning Economist Says Obama is Making the Same Mistakes as Policymakers Made During the Great Depression
September 7th, 2009 |
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Charles Rowley of George Mason University and Nathanael Smith of the Locke Institute say that Obama is committing the same mistakes that policymakers made during the Great Depression.Specifically, Rowley and Smith say: The policy responses to the de…