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naked capitalism Yves here. This post summarizes a paper that argues that derivatives, specifically credit default swaps, exacerbated the severity of the European sovereign debt tsuris. This sort of analysis deserves a wider audience, precisely because the prejudice of both neoclassical and neoliberal economists is that markets are ever and always virtuous, and that prices are never wrong unless someone is interfering (with labor unions the preferred bad example).
Published on April 10, 2014 Richard WolffRichardRichard Wolff has emerged as one of the most prominent progressive economists in America. He appears on Free Speech TV, Link TV, and Pacifica Radio, and has been a repeat guest on Bill Moyers’s program, as well as appearing on Charlie Rose’s show. His books include Capitalism Richard Wolff has emerged as one of the most prominent progressive economists in America. Professor Richard D. Wolff | Economics Professor
s Capital with David Harvey What Are the Economics of the Creative Economy?The Graduate Center, CUNY New York City December 2, 2013 Graduate Center geographer David Harvey, author of Rebel Cities; Harvard economist Edward Glaeser, author of Triumph of the City; and Seth W. Pinsky, former president of the NYC Economic Development Corporation, debate the economic realities of New York’s creative and knowledge-based industries. Adam Davidson, host of NPR’s Planet Money, moderates.
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