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SAMAA - If Atif Mian is right, Pakistan's housing subsidy scheme will fail

Princeton professor and renowned economist Atif Mian has said that increasing borrowing for housing purposes is not a good strategy. In fact, it has never been successful. If this is true, then this means that the State Bank of Pakistan’s Markup Subsidy for Housing Finance scheme will fail, eventually. The Pakistani-American economist, while speaking at Oxford Economics Society’s online event titled Extreme Inequality, Indebted Demand and Threats to our Economic Well-Being on Tuesday, argued that the top 1% of the world’s population tends to save a much higher fraction of their income, but that doesn’t necessarily translate into investment. This surplus capital is then absorbe. ....

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Michael Hudson - Changes in Super Imperialism


Yves here. Get a cup of coffee. This is another meaty talk with Michael Hudson, this time focusing on his classic Super Imperialism. Hudson has an updated and expanded version set to go to print soon.
Oscar Brisset:
Welcome to the first event of the Oxford Economics Society for this academic year. I’m Oscar, the Co-President of our society, and I’m glad to welcome you back for another term of exciting discussions. Although we were hoping last term to be back in-person by January, due to the worsening Covid-19 situation in the UK our events this term are going to remain online, so that everyone at home can still participate. ....

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