Legitimacy is a social source of financial power -- Legitimacy in political economy -- The financial reform nexus in England -- The financial reform nexus in Germany -- The financial reform nexus in the United States -- The financial reform nexus in Japan -- The social sources of international...

Overview: Financialization as financial neoliberalism -- Financialization: what it is and why it matters -- The macroeconomics of financialization: stages of development approach -- The simple analytics of debt-driven business cycles -- Deflation and inflation dynamics with debt -- Herd...

In the context of the ongoing financial and economic crisis reference is frequently made to the Great Depression of the 1930s and fears are voiced that we may have embarked on a similar path. This article looks at the conditions prevailing back then and compares them with the present economic...