Michael Hudson and Thomas Piketty Debate Inequality, Debt, and Reform
Posted on September 29, 2021 by Yves Smith Source: Naked Capitalism Yves here. I very much hope you will enjoy this extended discussion between Thomas Piketty and Micheal Hudson, introduced by David Graeber’s widow Nika and moderated by Lynn Parramore of the Institute for New Economic Thinking. Steve Keen, who joins at the end, points out that it’s unusual for mainstream economists like Piketty, despite his long-standing work on inequality, to participate in talks with heterodox economists like Hudson. If you watch the video, don’t be put off by the opening graphic sequence. Nika: Hi, I’m Nika. I’m David’s wife. This is an event in the honor of the first anniversary of David Graeber’s passing, and then the spirits of his rejection of academic arrogance, and our urgent need to get out of the crisis we are in. We set up the Art Project, so welcome to the first one of the series. Today, we are talking about “What is debt.” The next one will be about the na...