• Professor, Economics Department

Research Statement

My main research interest centers on issues related to financial and international macroeconomics, business cycles and growth and development.


  • "The Predatory State and Elite Cohesion." International Conference on the Political Economy of Democracy and Dictatorship, University of Munster, Germany . Conference Paper, Presented, 02/23/2017.
  • “Private Rent Seeking and Asymmetric Power.” International Confederation of Associations for Pluralism in Economics (ICAPE) Chicago. Conference Paper, Presented, 01/05/2017.
  • “Rent Seeking and Failure of Collective Agency in the Age of Free Markets” World Interdisciplinary Network for institutional Research (WINIR) Boston. Conference Paper, Presented, 09/03/2016.
  • Theory of the State Revisited, Department of Economics, Colorado State University. Invited Talk/Keynote, Presented, 04/18/2014.
  • Crisis of Theory? The History of Radical Political-Economy in US Universities, Organized by HESA. Panel, Presented, 11/22/2013.
  • Finance in the Global Economy, Hinckley Institute Forum. Panel, Presented, 04/17/2013.
  • How Non-mainstream Ideas can Help Prevent Market Failures in Education, Health and the Law. The Law and Economics Club, Bringham Young University, Law School. Invited Talk/Keynote, Presented, 03/22/2012.
  • "Review and Assessment: Perspectives From an Academic Economist." Center for the Study of Ethics, Utah Valley University. Invited Talk/Keynote, Presented, 10/26/2011.
  • Plenary Panel Discussion. Ethics Awareness Week 2011, Center for the Study of Ethics, Utah Valley University. Panel, Presented, 10/26/2011.
  • "Heterodox Lessons from the Crisis.” Invited HESA Paper Presentation, Department of Economics, University of Utah. Invited Talk/Keynote, Presented, 12/03/2010.
  • Invited Paper Presentation: “Governance and Asymmetric Power,” Conference on Economic Governance Institutions: Economic Outcomes and the Crisis, University of Greenwich, London. Invited Talk/Keynote, Presented, 06/04/2010.
  • Invited Presentation: “Lessons from the Crisis.” Conference on The Effect of the Crisis on Distribution, organized by New School for Social Research Students, New York. Invited Talk/Keynote, Presented, 03/05/2010.
  • Invited Presentation: “Rethinking the Individual-Society Nexus,” New Economics as ‘Mainstream’ Economics, organized by the Cambridge Trust for New Thinking in Economics, Marry Edwards College, Cambridge University, Cambridge, UK. Invited Talk/Keynote, Accepted, 01/28/2010.
  • Paper Presentation: “The Risk of Global Deflation.” URPE session at the ASSA Meetings, Atlanta. Conference Paper, Presented, 01/03/2010.
  • Paper Presentation: “The Monetary Threat to the Global Economy.” The 13th Conference of the Research Network Macroeconomics and Macroeconomic Policiies (FMM), titled, The World Economy in Crisis – The Return to Keynesianism? Berlin. Conference Paper, Presented, 10/30/2009.
  • Invited Presentation: “Is the Global Economy Out of The Woods Yet? If Not Why Not?” Forum for Questioning Minds, Salt Lake City. Invited Talk/Keynote, Presented, 09/13/2009.
  • Panelist, Discussion on What Unifies Heterodox Economics, organized by HESA (Heterodox Economics Students’ Association) Economics Department, University of Utah. Panel, Presented, 03/27/2009.
  • Invited Set of Lectures: The ‘Ethics and Policy Implications of Free Market Economics,’ Center for the Study of Ethics, Utah Valley University. Invited Talk/Keynote, Presented, 03/04/2009.
  • Paper Presentation: “The Impasse Ahead,” Eastern Economic Association Meetings, New York. Conference Paper, Presented, 02/27/2009.
  • Paper Presentation: “Globalization and Social Fragmentation: Taking Stock of Post-Walrasian Economics” The Association for Evolutionary Economics, ASSA Annual Meetings, San Francisco. Conference Paper, Presented, 01/02/2009.

Geographical Regions of Interest

  • Turkey


  • "Climate Change, Procrastination and Asymmetric Power" (co-authored with Jason Whittle) World Economic Review, 5: 1-19. Published, 07/10/2015.
  • "The Decline of Traditional Banking and Endogenous Money" (co-authored with Gokcer Ozgur). In G. Epstein, T. Schlesinger & M. Vernengo (eds.) Banking, Monetary Policy and Political Economy of Financial Regulation: Essays in Honor of Jane Webb D'Arista. Edward Elgar. Published, 03/01/2014.
  • "Endogenous Money in the Age of Financial Liberalization." ((Co-authored with Gokcer Ozgur) Review of Political Economy. Published, 03/2013.
  • "Free Markets Bad for Your Health." (co-authored with David Keller) Op-Ed article, Salt Lake Tribune, Feb 23, 2013. Published, 02/23/2013.
  • "International Monetary System: Problems and Proposals," (Co-auhored with Jane D'Arista) in M. Wolfson & G. Epstein (eds.) The Handbook of the Political Economy of the Financial Crisis. Oxford University Press. Published, 01/2013.
  • "The Breakdown of Capacity for Collective Agency: The Leitmotif of Our Times", Real-World Economics Review, No. 62, December. Published, 12/2012.
  • "Governance and Asymmetric Power." in M. Deger & D. Sunderland (eds.) Does Governance Matter? Edward Elgar. Published, 01/2011.
  • “The Case for International Currency Reform,” (co-authored with Jane D’Arista) Real World Economics Review, 55, December. Published, 12/2010.
  • “Recycling Global Imbalances,” Policy Innovations, Carnegie Council Web Publication, Oct 13. Republished onlilne in Monthly Review, 18 October. Published, 10/2010.
  • “Monetary Threat to Global Economy,” Challenge, March-April, 53(2).(co-authored with Jane D’Arista). Published, 03/2010.
  • "A Minsky Moment?" in G.Fontana, J. McCombie and M Sawyer (eds.) Macroeconomics, Finance and Money: Essays in honour of Philip Arestis. Palgrave Macmillan. (Co-authored with Gokcer Ozgur). In press, 2010.
  • “Heterodox Lessons from the Crisis,” Real World Economics Review, 54,. Published, 2010.
  • “Light at the End of the Tunnel, But Where to?” Policy Innovations, Carnegie Council Web Publication, October 23 – republished online in Asia Times, October 27, under the title, “Inflation Fears Threaten US Creditworthiness.”. Published, 10/2009.
  • “Speculation,” Entry in The Princeton Encylopedia of the World Economy (eds. Kenneth. Reinert & Ramkishen Rajan). Princeton University Press. Published, 03/2009.
  • “Bubbles,” Entry in The Princeton Encylopedia of the World Economy (eds. Kenneth. Reinert & Ramkishen Rajan). Princeton University Press. Published, 03/2009.
  • "What is Driving Global Deflation and How Best to Fight It?" Economic and Political Weekly, 44(13). Published, 03/2009.
  • "What is Minsky All Ablout, Anyway?" Real World Economics Review, 50, September. (Co-authored with Gokcer Ozgur). Published, 2009.
  • "The Impasse Ahead," Dollars & Sense, Web Publication, December 12. Published, 12/12/2008.
  • “Decouple the World from the Dollar,” Policy Innovations, Carnegie Council Web Publication, April 9 – republished online in Asia Times, April 16. Published, 04/2008.
  • "Why Keynes's 'Treatise' on Money Might have Greater Relevance Today than His 'General Theory'," METU Development Studies, 35(1). Published, 2008.