Unquestionably the behavior of the financial institutes caused the US financial crisis which became a worldwide phenomenon. It is too easy but not enough to blame greedy banker (though not superfluous). The subprime crisis was the consequence of the profit-seeking activity of the different...

Crisis triggers change in economic theory, this time bringing healthcare to the forefront of attention. We now have our primary focus on finding a cure, and developing treatment as well as preventive capacities. While saving lives is of utmost interest, securing livelihood is also a priority,...

In the past three decades, several attempts in various directions have been initiated for reforming the pension system. The reforms are needed to ensure financial viability on the one hand, and to achieve greater justice, on the other hand. Parametric reforms are not enough. A paradigm shift is...

Rethinking economics is unavoidable. There is no value-free economics. It is necessary to create more practical curricula when teaching economics. Economics is not a vertical, but a horizontal science. There is not only one model, there are different models. It is important to include the...

Michael Hudson J is for Junk Economics – A Guide to Reality in an Age of Deception ISLET VERLAG, GERMANY, 2017

An age-old debate has recently resurfaced in the columns of a daily newspaper Money creation in practice. Misconceptions and reality. Is the issue still topical; indeed, is it one of journalism? Especially since the crisis, the public is still highly preoccupied with how banks have come to have...