Michael Hudson



The Bubble and Beyond (2012), 
Super-Imperialism: The Economic Strategy of the American Empire (1968 & 2003
Trade, Development and foreign Debt (1992 & 2009) 
Debt and Economic Renewal in the Ancient Near East, (2002) 

Distinguished Research Professor of Economics, University of Missouri, Kansas City

President, ISLET, Institute for the Study of Long-Term Economic Trends

e-mail: mh@michaelhudson.com

website: MichaelHudson.com


Berlin Paper: [European] Scenarios for Recovery: How to Write Down the Debts and Restructure the Financial System


Michael Hudson is an insightful analyst and pungent speaker on issues across the macroeconomy. Modern society is the victims of parasitic finance and the extraction of rents rather than the rewarding of productive investment. Michael's forthcoming book (publication in January 2015) will demonstrate the capture of monetary policy by the financial sector.

Prof. Hudson's cover story in May 2006 Harper's ("The New Road to Serfdom: An illustrated guide to the coming real estate collapse)” was an early and prescient view of the bursting of the real estate bubble and its consequences.

His analysis of international finance and economics does not ignore the political power being exercised. An example is his view on the road being taken by the Ukraine in extricating itself from Russia and coming under the sway of the EU. [See video below.] His view gives pause to simplistic thinking, and predicts consequence for the Ukraine that are imminently predictable, if not widely accepted.

 [The following is edited from Wikipedia]

Hudson received his Ph.D. in economics from New York University in 1968, where he focused on  American economic and technological thought in the nineteenth century. He received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. He was a philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. He attended the University of Chicago's Laboratory School for high school and grade school.

Michael has taught at the New School in New York City. He is currently a professor of economics at the University of Missouri at Kansas City (UMKC). He also lectures and publishes in association with UMKC at The Berlin School of Economics.

Prof. Hudson served as chief economic advisor for Dennis Kucinich’s 2008 presidential campaign and held the same position in Kucinich’s Congressional campaign. He has been economic advisor to the Icelandic, Chinese, Latvian, U.S., Canadian, and Mexican governments, to the United Nations Institute for Training and Research (UNITAR).

A former balance-of-payments economist for Chase Manhattan Bank and Arthur Andersen. In 1990, for Scudder, Stevens & Clark in 1990, he established the world’s first Third World sovereign debt fund, which became the second best performing international fund in 1991