Profiting Without Producing: How Finance Exploits Us All
Economics professor Costas Lapavitsas' new book Profiting Without Producing: How Finance Exploits Us All, delving into the elusive world of finance, that place where fortunes are made seemingly out of nothing, but with such dramatic impact on the world economy. Lapavitsas tackles one of the most innovative and perhaps most controversial concepts in political economy: financialization. Aaron Leonard recently corresponded with professor Lapavitsas via email to ask him about his new book and its wider implications.
Tim Hudak is a great example of the damage a good education can do. So is Stephen Harper. Both are products of university economics departments in the late 20th century. Each has a proud MA in the field. Like their American cognate -- Paul Ryan -- they've chosen to implement economic policy with no or little experience in the work world. Hudak worked briefly at a low level for Walmart; almost an internship. Since then -- all politics.
Disassembly Required: A Field Guide to Actually Existing Capitalism
Geoff Mann is the author of Disassembly Required: A Field Guide to Actually Existing Capitalism, which acts as a primer on economics 101 and speaks to those people who are not comfortable with the status quo, confused about the state of things and trying to imagine a different system.
Aaron Leonard recently corresponded with Professor Mann via email to examine the book and dig deeper into some of the popular explanations it offers. This is an edited version of their original conversation.
Who are you hoping to reach with this book?