YouTube has the video A Philosophy for a Fair Society (Part I) | Michael Hudson & Jonathan Brown
Welcome to the Shepheard Walwyn podcast and a two part interview with Michael Hudson, perhaps to the world’s most influential (but rarely acknowledged) economist. Michael has had a remarkable career starting off as a practical or reality-based economist working for a variety of institutions looking and how banks really behave.
He looked at the balance of payments economics for David Rockefeller at Chase Manhattan Bank; worked for Herman Kahn at the Hudson Institute, and advised the US State Department on how they could fund the Vietnam War when the gold was running out. He now advises the Chinese Government on how to maintain an industrial economy and avoid the traps the US Finance economy has fallen into.
Michael’s most famous work is Super Imperialism, the Economic Strategy of American Empire but has also written extensively on ancient economies in the Near East.
He is one of our longest running writers having co-written the soon to be re-released eBook, A Philosophy for a Fair Society with Kris Feder and the late GJ Miller and. Incidentally, this book is a great introduction to his whole body of work so do check it out!
In this first episode we looked at how economics got corrupted from industrial economics where people made money by making things, to a finance economy where a small elite group makes money by manipulating financial instruments. There’s some meaty topics but I promise it’s worth your time.
Michael Hudson goes into details that I have never heard before in any of his writings. There are a couple of places where he talks about things happening in the 1980s and 1990 when he actually means 1880s and 1890s.
Here is the second part of the interview.
The links to the two halves of the interview are published on Michael Hudson’s web site as Economic Rent and Exploitation