The crash of 2008 was supposed to augur the end of ultraspeculative financial capitalism. But financial actors have actually gone from strength to strength since then, and fictitious capital is a ...

For half a century, bad economics has provided intellectual cover for bad government. Those in charge preferred economists who would validate free-market fantasies, even though they had been disproven ...

Michael A. McCarthy’s The Master’s Tools is about the power that finance exerts over people. He inquires into the problem and how it could realistically be solved: Why has finance capitalism left ...

To be an American is to win life’s lottery. We live in the greatest nation in the world, with tremendous freedoms and unparalleled opportunities. We have the ability to chase the American dream from ...

Hosted by the University of Massachusetts Department of Sociology, the 2022-2023 Distinguished Rossi Lecture brought Dr. Kimberly Kay Hoang to discuss her book, “Spiderweb Capitalism: How Global ...

There has always been contempt for economic liberty. Historically, our nation was an important, not complete, exception. It took the calamity of the Great Depression to bring about today’s level of ...

Richard Posner, the noted judge of the Sixth Circuit Court of Appeals and professor of law and economics at the University of Chicago, says the recent U.S. financial collapse represents a “failure of ...

Capital maintenance, also called capital recovery, is an accounting concept that only recognizes a company's income after the full recovery of costs.