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Written by John LounsburyThis week Prof Dan O Neill presents a short 15 minute lecture summarizing the debate about limits to growth. For centuries there have been those who proclaimed global growth was reaching its limits and yet growth has continued. One well-known example is Thomas Robert Malthus (1766-1834) who wrote about limits to growth over 200 years ago. The debate continues to this day.
Written by John LounsburyMichael Hudson sees a future with serious economic dislocations because of excessive private debt that cannot be repaid. Throughout much of history before the 14th century excessive private debt was resolved with debt Jubilees wherein all private debts were cancelled. This happened on a recurring basis in many civilizations past. Debtors were saved from financial serfdom and yet lenders survived to lend again.
Written by GaryTexas gas companies to pay steep bill to avoid another power crisis (SPY -0.4%). DOW ends session flat as economic comeback plays offset losses in tech.
Written by John LounsburyIn February, Jonathan Levy, Professor in the Department of History and the Committee on Social Thought at the University of Chicago, gave a lecture at Dartmouth College on the changes in American capitalism over the past four decades. He discusses how the uses of capital have changed drastically over that time and relates it to the broader historical events of the period.