Courses dealing mainly with Economics...

This course is about the Global Economy today, why it is slowing, growing economically and financially more unstable, and continues on a course toward another major crisis event like 2008-09 and likely even worse.

Initial class sessions will look at the general condition globally and official forecasts by the IMF, World Bank, and others that consistently over-estimate the deteriorating conditions. The narrative will then look at the four major regions and the conditions within each today--i.e. China, Europe, Japan, Emerging Markets like Brazil and others, and the US in relationship to each.  The second section of the course looks in depth at the 9 key trends that are driving the global economy toward greater system instability and the next crisis. Both financial and real conditions are considered, as well as fiscal-austerity and monetary-central bank policies' contributions to that instability. The third section considers why mainstream economics repeatedly fails to understand the relationships between financial cycles and crises and the real economy--especially the new role of shadow banks, the new finance capital elite, and the growing relative shift to financial investing and speculation that is destabilizing the global economy.  Alternative economic approaches--Marxist and Minskyan--are then considered, with their contributions and limits.

The class sessions conclude with a discussion of the class instructor, Jack Rasmus, new theory of global financial instability.

How has finance capital and the new finance capital elite changed in the 21st century? What is the growing impact of financial instability on the global economy today? This course will look at Marx's Vol. 3 of Capital, Keynes' General Theory, Hyman Minsky's contributions in the 1980s-90s, and contemporary debates today on 'financialization' and its contribution to recent, and now re-emerging, global economic crises. The global economy is headed for yet another deeper economic crisis. Both mainstream economists and left analyses fail to fully understand what's different in the 21st century global economy, and in particular the new structure of finance capital and the economic and political influence of today's global finance capital elite. This course will explore what the best minds of the past have said about finance capital and 'financialization' in an open-minded, non-dogmatic analysis of selections of key works on the subject of finance capital by Marx, Keynes, Minsky and others, as well as from a selective consideration of debates today on the subject of finance capitalism. The course will then look at specific historical events of financial crashes in the global and USA economy, in the 1990s, the 2008-09 event, developments in China and Europe today, and the prospects of another financial crash in the USA in the next decade. Students will hopefully complete this course with a better understanding of the coming next financial crisis.