In the aftermath of the Financial Crisis, many commonly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down pay-ments, teaser rates, and other predatory tactics to seduce unsuspecting home owners int…
Why are some countries rich and others poor? In 1500, the income differences were small, but they have grown dramatically since Columbus reached America. Since then, the interplay between geography, globalization, technological change, and economic policy has determined the weal…
Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. "Profiting Without Producing" puts forth a distinctive view defining financialization in terms…
This book is a guide to claims about the proper role of government and markets in a global economy. Moving between systematic comparison of nineteen rich democracies and debate about what the United States can do to restore a more civilized, egalitarian and fair society, Harold …
Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial econo…
Many historical processes exhibit recurrent patterns of change. Century-long periods of population expansion come before long periods of stagnation and decline; the dynamics of prices mirror population oscillations; and, states go through strong expansionist phases followed by p…
