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J IS FOR JUNK ECONOMICS: A GUIDE TO REALITY IN AN AGE OF DECEPTION Paperback – February 21, 2017

by Michael Hudson (Author)

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J IS FOR JUNK ECONOMICS is an A-to-Z guide that explains how the world economy really works – and who the winners and losers are. The book includes more than 400 concise and acerbic entries, several essays, and a full topic index. Expanding on KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT DESTROY THE GLOBAL ECONOMY, Prof. Hudson’s new book covers contemporary terms that are misleading or poorly understood as well as many important concepts that have been abandoned – many on purpose – from the long history of political economy.

Two key concepts are RENT THEORY and DEBT, which explain how Unearned Income and the Financial Sector impoverish governments and populations the world over as power and riches flow upward into the hands of the few. Several additional essays provide background for key points and explore today's uncertain political and economic environment.

To understand what’s really going on, it's not necessary to re-invent the wheel; the major issues that guide healthy economies were known to the Ancients and were expanded upon by the classical economists of the 18^th and 19^th centuries, including Adam Smith, David Ricardo, John Stuart Mill, E. Peshine Smith, Simon Patten, Karl Marx, Thorstein Veblen, and others of many political stripes whose aim was to leave the brutal legacy of feudalism behind. Their ideas and principles are brought back into the spotlight here. It is hoped that this book will deconstruct today's “value-free," watered-down and deceptive economics that favor the wealthy, allowing the next generation to create a successful economy with proper checks and balances that will benefit everyone. This is a book you will want to refer to again and again.

J IS FOR JUNK ECONOMICS: A GUIDE TO REALITY IN AN AGE OF DECEPTION

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Editorial Reviews

About the Author

Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City (UMKC), and Professor of Economics at Peking University in China. He gives speeches, lectures and presentations all over the world for official and unofficial groups reflecting diverse academic, economic and political constituencies. Before moving into research and consulting, Prof. Hudson spent several years applying flow-of-funds and balance-of-payments statistics to forecast interest rates, capital and real estate markets for Chase Manhattan Bank and The Hudson Institute (no relation). His academic focus has been on financial history and, since 1980, on writing a history of debt, land tenure and related economic institutions from the Sumerian period, antiquity, and feudal Europe to the present. Since 1996 as president of the Institute for the Study of Long Term Economic Trends (ISLET), he has written reports and given presentations on balance of payments, financial bubbles, land policy and financial reforms for U.S. and international clients and governments. He organized the International Scholars Conference on Ancient Near Eastern Economies (ISCANEE) in 1993, and to-date has co-edited the preceedings of six academic conferences on the evolution of property, credit, labor and accounting since the Bronze Age. His website and blog can be found at michael-hudson.com. He has been interviewed on Democracy Now, Marketplace, and Naked Capitalism. Many of his interviews and public appearances can be seen on YouTube.

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Product details

Paperback: 406 pages
Publisher: ISLET (February 21, 2017)
Language: English
ISBN-10: 3981484258
ISBN-13: 978-3981484250
Product Dimensions: 6.7 x 0.8 x 9.6 inches
Shipping Weight: 1.5 pounds (View shipping rates and policies)
Average Customer Review: 3.9 out of 5 stars See all reviews (10 customer reviews)
Amazon Best Sellers Rank: #15,632 in Books (See Top 100 in Books)
- #19 in Books > Politics & Social Sciences > Politics & Government > Specific Topics > Political Economy
- #51 in Books > Business & Money > Economics > Economic Conditions

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Customer Reviews

3.9 out of 5 stars

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Top Customer Reviews

Thank you eye opening

ByAmazon Customeron February 26, 2017

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,I am a 55 yr old that doesn't have a college degree and I found it very easy to understand the concepts and the choice we have as a society . With the information and the understanding this book gives you it is easy to see how this has played out over the last 40 yrs and continues to play out .The Steven Moores and Art Laffers that are always on MSM gives one side of the argument but you never see the other side of the argument and that is a shame I once believed in regonomics because I didn't understand fully what it meant I do now thank you .This book gives you a understanding and a choice of what system we should use the one that gave America the biggest middle class the world had ever seen or the one we have now !

0Comment 90 people found this helpful. Was this review helpful to you?YesNo

was not disappointed by his writing

ByTy Pigeonon April 17, 2017

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An entertaining and thoughtful read. I purchased this book after watching an interview with the author on The Real News, was not disappointed by his writing.

0Comment 3 people found this helpful. Was this review helpful to you?YesNo

Five Stars

ByJames Leachon April 4, 2017

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It doesn't get much better than Michael Hudson. Great book.

0Comment 7 people found this helpful. Was this review helpful to you?YesNo

Five Stars

ByDavid E. Meachamon April 8, 2017

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Received this book in perfect condition and began reading it immediately.

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nah

ByTomon May 13, 2017

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this book is immensely inferior to Killing the Host. Don't buy it if you've read that. The format makes Hudson seem especially fanatical (and he does have fanatical tendencies).. I say this as someone who worships Michael Hudson.

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Five Stars

ByLouon April 2, 2017

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I believe Michael Hudson has the best understanding of macro economics

0Comment 6 people found this helpful. Was this review helpful to you?YesNo

Five Stars

Byjackion April 2, 2017

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Excellent!

0Comment 4 people found this helpful. Was this review helpful to you?YesNo

Five Stars

ByT Stojanovicon April 6, 2017

Excellent, very informative book like all his other books. Very important reading

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Most Recent Customer Reviews

He some how thinks that having the Government run our banking system is a good thing. This is the same Government that lent ...

He did title his book aptly because this is truly junk economics. This is nothing more than socialist propaganda. There are more holes in his theories than swiss cheese.Read more

Published 28 days ago by David B. Cox

this book is good, but as a book to read

As a reference dictionary, this book is good, but as a book to read, no thanks.Read more

Published 1 month ago by Dolores Welty

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