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Tag Archives: Ancient Near East

The Arc of Time: Pro-Creditor History

[unable to retrieve full-text content]“Origins of debt: Michael Hudson reveals how financial oligarchies in Greece & Rome shaped our world,” Ben Norton, Geopolitical Economy Report, May 25, 2023.  BEN NORTON: Hi, everyone. I’m Ben Norton of Geopolitical Economy Report, and today I have the great pleasure of speaking with a friend of the show, the economist Michael Hudson, and Continue Reading The post The Arc of Time: Pro-Creditor History first appeared on...

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Democratic Liberty Versus Oligarchic Liberty

[unable to retrieve full-text content]Part 2: Debt and the Collapse of Antiquity – Michael Hudson Colin Bruce Anthes Welcome back to theAnalysis for part two of our conversation with Dr. Michael Hudson on The Collapse of Antiquity. Michael Hudson I think the character of early Christianity is what is in the Lord’s Prayer. “Forgive them their debts as we forgive the debtors.” Continue Reading The post Democratic Liberty Versus Oligarchic Liberty...

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Debt, Land and Money, From Polanyi to the New Economic Archaeology

Inspiration for The Great Transformation in the postwar monetary breakdown Karl Polanyi’s formative years in the aftermath of World War I were a period of monetary turmoil. The United States became a creditor nation for the first time, and demanded payment of the war debts that Keynes warned were unpayable without wrecking Europe’s financial systems. (Hudson, Super Imperialism, 1972, summarizes this era.) France and Britain subjected Germany to unsustainably high...

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Up in Arms

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The DNA of Western civilization is financially unstable

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Mutual Aid vs Moral Hazard

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EVERYTHING YOU THOUGHT YOU KNEW ABOUT WESTERN CIVILIZATION IS WRONG

A Review of Michael Hudson’s new book…. and Forgive Them Their Debts As published on Naked Capitalism by John Siman To say that Michael Hudson’s new book And Forgive Them Their Debts: Lending, Foreclosure, and Redemption from Bronze Age Finance to the Jubilee Year (ISLET 2018) is profound is an understatement on the order of saying that the Mariana Trench is deep. To grasp his central argument is so alien to our modern way of thinking about civilization and barbarism that...

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Jesus: the economic activist

Debt Jubilee, April 26, 2018THE HUDSON REPORT: The history of debt cancellation and Jesus’s economic justice activism   Here is the direct download link. Left Out, a podcast produced by Paul Sliker, Michael Palmieri, and Dante Dallavalle, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left.   The Hudson Report is a new weekly series produced by Left Out with the legendary economist Michael Hudson. Every episode...

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Jesus: the economic activist

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Could/Should Jubilee Debt Cancellations be Reintroduced Today?

By M. Hudson (University of Missouri) and C. Goodhart (LSE) As published by the Center for Economic Policy Research. AbstractIn this paper we recall the history of Jubilee debt cancellations, emphasizing what their social purpose was at that time. We note that it would not be possible to copy that procedure exactly nowadays, primarily because most debt/credit relationships are intermediated via financial institutions, such as banks, insurance companies, etc., rather than by...

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