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The Wealth of Nations

My Talk With Michael Hudson, Part 3

Michael W. Hudson | Posted 05.25.2011 | Business
Read More: Super Imperialism, Leverage, Gambling, Truth in Lending, Hyman Minsky, Mortgages, Ameriquest, Subprime, Debt, Mistaken Identity, Michael Hudson, University of Missouri-Kansas City, Chicago School, Financial Fraud, The Monster, Economist, Subprime Mortgage Crisis, The Wealth of Nations, Ponzi Scheme, Reporter, Center for Public Integrity, Adam Smith, Financial Crisis, Business News
Michael W. Hudson

However preordained the financial crisis was, it's remarkable how long its architects kept the game going. They managed to sustain the unsustainable for five years -- roughly from 2002 into late 2006.

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Danger! Empathy and Psychopathy as Competing Value Systems in Politics and Economics

Marcella Mroczkowski | Posted 05.25.2011 | Business
Read More: Adam Smith, Empathy, Economics, Civil Rights, Demagogue, Psychology, United States Constitution, Evolutionary Biology, Federalist Papers, Compassion, Plato's Republic, The Wealth of Nations, Psychopaths, Malignant Narcissists, Neuroscience, Human Rights, Pathological Narcissism, Ayn Rand, American History, Racism, Sociopaths, Objectivism, Business News
Marcella Mroczkowski

Four to five percent of the population is born without a capacity for empathy. It is a neurological lack. A psychopath may be a genius and become a multimillionaire, but he will never be able to understand empathetic values.

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7 Great Books By Economists

Huffington Post | Jessie Kunhardt | Posted 05.25.2011 | Books
Read More: Adam Smith, Economics, Milton Friedman, Amartya Sen, Money, Books, Economics Books, Making Globalization Work, Slidepoll, Globalization, Stiglitz, Obama, Capitalism, Books by Economists, The Next Stage, The Wealth of Nations, Economic Policy, Keynes, Galbraith, Economists, Paul Krugman, Peddling Prosperity, Books News

There's a major panel discussion going on today in Washington, D.C. called "The Next Stage," in which economists are coming together to discuss the pr...

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Health-Care Reform was the Key Issue in the 2008 Campaign...What Happened?

Joseph A. Palermo | Posted 05.25.2011 | Politics
Read More: 2008 Campaign, Medicare Prescription Drug Bill, Corporate Media, Hmos, Health Care Debate, President Barack Obama, Health Care Town Hall Meetings, George W. Bush, Tea Baggers, Health Care Elites, Single Payer, Big Pharma, Health Insurance Industry, Health Insurance Corporations, Paul Baran, Elites, Tom Delay, Billy Tauzin, The Wealth of Nations, Health Care, Public Option, Health Care Reform, Pharmaceutical Corporations, Pharmaceutical Industry, Thomas Scully, Adam Smith, Town Halls, John McCain, Democrats, Sarah Palin, Republican Party, Health, Politics News
Joseph A. Palermo

For some, the system works best when elites make the most fundamental decisions for our society, unencumbered by the trappings of "democracy", and when the population is depoliticized, misinformed, or both.

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CON GAMES: Capitalism -- The God That Failed

Michael Conniff | Posted 05.25.2011 | Business
Read More: The Wealth of Nations, Adam Smith, Communism, Socialism, Capitalism, Business News
Michael Conniff

When it comes to capitalism under a putatively conservative administration, the emperor may have had no clothes but the God of the Free Market was buck naked.

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The First Death Rattle of Our Unsustainable Economy (Part II)

Rebekah and Stephen Hren | Posted 05.25.2011 | Green
Read More: Capitalism Fallacies, Regenerative Economics, Sustainability, Steady State Economics, Economy, The Wealth of Nations, Adam Smith, Alternative Resources, Neoclassic Economics, Commerical Consumption, Economic Systems, Global Resources, Renewable Energy, Financial Crisis, Credit Default Swaps, Economic Theory, Green News
Rebekah and Stephen Hren

Since our current economic system is riddled with contradictions that are forcing its implosion as it abuts the physical limits of our planet, what do we do next?

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