A world-renowned economist offers cogent and powerful reflections on one of the great avoidable economic catastrophes of the modern era. The economic crisis in Greece is a potential international disaster and one of the most extraordinary monetary and political dramas of our time. The financial...

A group of experts associated with the Economists for Peace and Security and the Initiative for Rethinking the Economy met recently in Paris to discuss financial and monetary issues; their viewpoints, summarized here by Senior Scholar James K. Galbraith, are largely at odds with the global...

Senior Scholar James K. Galbraith argues the fundamental illusion of viewing the US economy through the free-market prism of deregulation, privatization, and a benevolent government operating mainly through monetary stabilization - the prevailing view among economists over the past three...