The main thesis of this paper is that the ultimate cause of the current global financial crisis is to be found in the deeply flawed institutions and practices of what is often referred to as the New Financial Architecture (NFA) a globally integrated system of giant bank conglomerates and the...

1. "The Realism of Assumptions Does Matter: Why Keynes-Minsky Theory Must Replace Efficient Market Theory as the Guide to Financial Regulation Policy." In The Oxford Handbook of the Political Economy of Financial Crises, Gerald Epstein and Martin Wolfson, eds. New York: Oxford University Press,...