Upcoming Event

Gerald Epstein at Harvard Book Store

presenting

Busting the Bankers' Club:
Finance for the Rest of Us

in conversation with JULIET SCHOR

Date

Feb
29
Thursday
February 29, 2024
7:00 PM ET

Location

Harvard Book Store
1256 Massachusetts Ave., Cambridge, MA 02138

Tickets

This event is free; no tickets are required.

Harvard Book Store welcomes GERALD EPSTEIN—Professor of Economics and a Founding Codirector of the Political Economy Research Institute at the University of Massachusetts Amherst—for a discussion of his new book Busting the Bankers' Club: Finance for the Rest of Us. He will be joined in conversation by JULIET SCHOR—sociologist and economist at Boston College and author of The Overworked American.

About Busting the Bankers' Club

Bankers brought the global economic system to its knees in 2007 and nearly did the same in 2020. Both times, the US government bailed out the banks and left them in control. How can we end this cycle of trillion-dollar bailouts and make finance work for the rest of us? Busting the Bankers' Club confronts the powerful people and institutions that benefit from our broken financial system—and the struggle to create an alternative.

Drawing from decades of research on the history, economics, and politics of banking, economist Gerald Epstein shows that any meaningful reform will require breaking up this club of politicians, economists, lawyers, and CEOs who sustain the status quo. Thankfully, there are thousands of activists, experts, and public officials who are working to do just that. Clear-eyed and hopeful, Busting the Bankers' Club centers the individuals and groups fighting for a financial system that will better serve the needs of the marginalized and support important transitions to a greener, fairer economy.

Praise for Busting the Bankers' Club

"Gerald Epstein has done something that has needed doing since 2008—he has written a book that explains our complex, captured financial system to the lay reader. In simple, clear prose, he outlines why we are still fighting financial fires, and what we can do to bridge the Wall Street-Main Street divide. A wonderful way to understand how finance became the tail that wags the dog of our economy. " —Rana Foroohar, Associate Editor, Financial Times

Masking Policy

Masks are encouraged but not required for this event.

Gerald Epstein
Gerald Epstein

Gerald Epstein

Gerald Epstein is Professor of Economics and a Founding Codirector of the Political Economy Research Institute at the University of Massachusetts Amherst. He received his Ph.D. in economics from Princeton University.

He has published widely on a variety of progressive economic policy issues, especially in the areas of central banking and international finance. He is the author of The Political Economy of Central Banking: Contested Control and the Power of Finance (Edward Elgar Press, 2019) and What's Wrong with Modern Money Theory? A Policy Critique (Palgrave Macmillan, 2019). Epstein is also the editor or co-editor of many books, including The Political Economy of International Finance in an Age of Inequality: Soft Currencies, Hard Landings (Edward Elgar Press, 2018), The Handbook of the Political Economy of Financial Crises (with Martin H. Wolfson, Oxford University Press, 2013), and Financialization and the World Economy (Edward Elgar Press, 2004).

He is also a long-time member of the Center for Popular Economics.

Photo Credit: Stan Sherer

Juliet Schor
Juliet Schor

Juliet Schor

Juliet Schor is an economist and sociologist at Boston College. Schor’s research focuses on work, consumption, and climate change. A graduate of Wesleyan University, Schor received her Ph.D. in economics at the University of Massachusetts. Before joining Boston College, she taught at Harvard University for 17 years, in the Department of Economics and the Committee on Degrees in Women's Studies.  

Schor's most recent project is researching trials of companies who are implementing four day workweeks. Since the beginning of 2022 these trials, organized by the non-profit 4 Day Week Global have been ongoing. With colleagues, including Professor Wen Fan of the Sociology Department, the research team is collecting data on employee health and well-being, organizational outcomes, and carbon emissions. 

She also wrote the national best-seller The Overworked American: The Unexpected Decline of Leisure (Basic Books, 1992), The Overspent American: Upscaling, Downshifting, and the New Consumer (Basic Books, 1998), and Born to Buy: The Commercialized Child and the New Consumer Culture (Scribner, 2004). Schor is a co-founder of the Center for a New American Dream, a former Guggenheim Fellow, winner of the Herman Daly Prize, and a member of the MacArthur Connected Learning Research Network, for which she is studying connected consumption.

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