Despite the fact that the manufacturers of ideas have elevated economics to the (contradictory) levels of both a science and a religion, a market theodicy, mainstream economics does not explain much w...

Taxes do not fund government spending.That's a core insight of Modern Monetary Theory (MMT) whose radical implications have not been understood very well by the left. Indeed, it's not well understood ...

A series of defensive and sectional struggles at workplaces in the private sector reveal that the Greek industrial capital has already taken advantage of the new institutional framework of the “state ...

How does one take an autonomous position against the European policies of social butchery without falling into nationalist, anti-German nostalgia or into rhetoric against “Anglo-Saxon speculation”? Ho...

Selected articles, books, websites and other resources on the economy and economics.

We should be clear: almost none of the huge amount of money loaned to Greece has actually gone there, says Joseph Stiglitz, former chief economist of the World Bank and a Nobel Prize winner in economi...

The 'Greek crisis' is not about debt. Debt is the propaganda that the Empire is using to subdue sovereignty throughout the Western world.

Greece has indeed become an example. But it is an example of the horror that the eurozone's monetarists seek to impose on one economy after another, using debt as a lever to force privatization sellof...

Until recently, stocks had been on a tear that pushed valuations into the stratosphere. Volatility stayed low because Bernanke's easy money and QE made investors more placid, serene and mellow. They v...

The financial crisis represents the end of an era in which greed and casino-madness had been given free rein by market deregulation and rising debt.

Four years after the beginning of the crisis, the neoliberal elite is trapped by the contradictions of the system on which its wealth depends.

Qazi's article outlines how poorly designed microfinance initiatives harm rather than help low income borrowers.

Our spotlight this issue is on the debt crisis facing Greece. To understand the crisis, one has to look beyond the mainstream media to alternative sources of information. We've done that, with article...

Elections are the topic of the week, with items related to the October 19 Canadian federal election, and also to broader issues of parliamentary democracy, voting and whether voting can bring about ch...

Michael Hudson discusses his new book, "Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy."

On August 1, 2015, Puerto Rico defaulted on part of its enormous $72 billion debt, paying back only $628,000 on a relatively small $58 million loan that was due at the start of the month. The default,...

Thanks to the work of local organizers pressuring lawmakers, Montana residents will no longer have their drivers licenses suspended if they fall behind on their student loan payments. This April, a Mo...

Britain is being urged to help close down a legal loophole that lets financiers known as "vulture funds" use courts in Jersey to claim hundreds of millions of pounds from the world's poorest countries...

Pressure grows to end trade that has made $1bn for speculators but has been blamed for delaying recovery of war-torn countries.

Michael Hudson and Bill Black zero in on some of the key elements of the crisis. They point out that it is not really 'Greece', let alone the Greek people, who have contracted this debt and who have b...

Our economy has increasingly been financialized, and the result is a sluggish economy and stagnant wages. We need to decide whether to stop the cycle and save the economy at large, or to stay in thral...

The shocking 'austerity'-imposed destruction of Greece's once proud healthcare system is a key reason Greeks have turned to Syriza, finds London GP Louise Irvine in an eye witness account.