Michael Hudson is an American research professor of economics, a former Wall Street analyst and a successful author. He is also president of the Institute for the Study of Long-term Economic Trends (ISLET) and a founding member of International Scholars Conference on Ancient Near Eastern Economies (ISCANEE). During his life, Hudson has served as economic advisor to the US, Canadian, Mexican, and Latvian governments, and as a consultant to UNITAR, the Institute for Research on Public Policy, and the Canadian Science Council, among other organizations.
Hudson was born in Chicago and attended school at the University of Chicago’s Laboratory School. He later received undergraduate degree in philology from the University of Chicago. Afterwards, he moved to New York University in 1963 to complete MA in economics. Here, at New York University, Hudson also received his PhD in economics, the topic of his dissertation was American economic and technological thought in the nineteenth century. After getting his PhD, Hudson taught for a while at the New School in New York City and is now professor of economics at the University of Missouri. He is also associated with and lectures at The Berlin School of Economics. Hudson was Chief Economic Advisor for Dennis Kucinich’s 2008 presidential campaign and has been economic advisor to various governments around the world. He has also worked as balance of payments economist for both Chase Manhattan Bank and Arthur Andersen, and was economic futurist for the Hudson Institute (not affiliated with Michael Hudson). While at the Hudson Institute, he published studies on world monetary reform (with Herman Kahn), the balance of payments implications of the energy crisis, technology transfer, and related topics for the Energy Research Development Agency, the National Endowment for the Humanities, and other US agencies. He has also worked for Scudder, Stevens and Clark (now the asset management subsidiary of Deutsche Bank) where he established a successful fund.
Michael Hudson also has several literary achievements, he is on the editorial board of Lapham Quarterly, he has written for the Journal of International Affairs, Harpers, Commonweal, Bible Review, International Economy and New York Times. His trade books have been translated into several languages including Japanese, Chinese, Spanish and Russian and Hudson regularly writes editorials for Latvian, Arabic and Polish business newspapers. Apart from his writings in journals and other magazines, Hudson has written or edited more than ten books on the politics of international finance, economic history, and the history of economic thought, including “Super Imperialism: The Economic Strategy of American Empire (1972)”, “Global Fracture: The New International Economic Order (1977)” and “Trade, Development and Foreign Debt (1993)”. Super Imperialism describes the impact of America coming off the gold standard in 1971 and how forcing foreign central banks to keep their reserves in Treasury Bonds forced them to finance US military spending. Global Fracture is a sequel to Super Imperialism and describes the division of the world into separate regional trade and currency blocs. It is important to note that when Hudson wrote Super Imperialism, he was the first ever person to express these views and the book remains a novelty. Hudson is also interested in our economic origins; he joined Harvard’s Peabody Museum and organized and archaeological publication analyzing the economic origins of civilization. Hudson has a deep insight into the causes and effect of key economic indicators and is committed to helping us understand the implications of various economic incidents through his articles, his research work and his books.