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No 1, 2012

Table of contents

Incorporating the Rentier Sectors into a Financial Model Michael Hudson, Dirk Bezemer	1
Microfinance and the Illusion of Development: From Hubris to Nemesis in Thirty Years Milford Bateman, Ha-Joon Chang	13
External Fragility or Deindustrialization: What is the Main Threat to Latin American Countries in the 2010s? Roberto Frenkel, Martin Rapetti	37
Pension Liabilities: Fear Tactics and Serious Policy David Rosnick, Dean Baker	57
Brain Physiology, Egoistic and Empathic Motivation, and Brain Plasticity: Toward a More Human Economics John F Tomer	76
Revisiting Arab Socialism Ali Kadri	91
Grass Roots War on Poverty Alice H Amsden	114

Published 6th September, 2012