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Crises and their Resolution September 15, 2014

Posted by raved in Uncategorized.
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Michael Roberts Blog

The Resolution Foundation in the UK does important economic and statistical analysis in highlighting the exploitation of labour, inequalities in wealth and income and failures of the welfare system to defend the poor (http://www.resolutionfoundation.org/). It recently hosted the UK book launch of House of Debt, with both authors (Mian and Sufi) on stage alongside Martin Wolf, the Keynesian FT columnist and Stephanie Flanders, formerly the BBC economics editor, but now taking a pay packet from JP Morgan, the American investment bank. (see
https://www.youtube.com/watch?v=UmSU0jCGt6k&feature=youtu.be)

It was standing room only to hear praise heaped from those present on Mian and Sufi’s book, increasingly regarded in the mainstream as important an explanation of the global financial crisis and the ensuing Great Recession as Thomas Piketty’s book, Capital in the 21st century is seen by the leading mainstream economists as offering the best explanation for the growing inequality of wealth…

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