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Killing the Master: How Financial Parasites Destroy the Economy

29.99 €
In stock
Killing the Master: How Financial Parasites Destroy the Economy
29.99 €
In basket
Michael Huckleberry Hudson, American economist, professor of economics at the University of Missouri at Kansas City, fellow at the Levy Economics Institute at Bard College, former Wall Street analyst, well-known political consultant and journalist, is one of the few American economists who did not want to fit into the modern liberal mainstream. He is recognized as one of twelve economists who successfully predicted the 2008 mortgage crisis. Hudson has devoted his academic career to the study of borrowing: both domestic (loans, mortgages, interest-bearing securities) and foreign. For nearly half a century, he has consistently argued that such borrowing always stifles the development of the borrowing nation, and that borrowing and exponentially growing debt ahead of the amount of profit from the "real economy" is disastrous for the borrowing nation. Although the author talks about Western countries in his works, their content directly applies to Russia as well. Figuratively speaking, if America's economy, according to Michael Hudson, is one meter away from the abyss, Russia's liberal economy is five meters away. Numerous books by Hudson have been repeatedly published in the U.S., translated into foreign languages, but none of them has been translated into Russian until now and has not been published in Russia. The book offered to the Russian reader "Killing the Master. How financial parasites and debt slavery are destroying the world economy" will undoubtedly strike a strong blow to the ideology of economic liberalism, which has been imposed on Russia for three decades of post-Soviet history, and with which Michael Hudson has been waging an irreconcilable struggle.
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