Thursday, March 01, 2012

A fine mess of human invention

This paper 'How economic theory came to ignore the role of debt’, by Michael Hudson and the subsequent discussion provide fascinating insights into contestations of ideas with profound implications for how we govern what humans do.   

Tellingly Hudson notes that: ‘Increasingly, the discussion of finance and debt has been limited to monetarists with an anti-government ax to grind and vested interests to defend and indeed, promote with regard to financial deregulation.’

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