Article | History
Axel Leijonhufvud showed economists a promising path forward. They should have taken it. Leijonhufvud passed away on May 5, 2022
[ECO]NOMICS
Climate change is already here, and we are on a path towards catastrophic global warming. Governments have failed to curb carbon emissions, and fossil fuel production continues to increase. This is not merely a political failure; it is also a failure of economic analysis.Featured
Article | Macroeconomics
The Dollar System in a Multi-Polar World
The multipolar financial world is here. The United States can survive it – but only with major political and economic changes at home. It’s time to start thinking about what those need to be.
Article | Health
Abortion Drugs Fundamental to Ancient Economies, Argues Historian
As women’s rights to make reproductive choices come under assault, historian John M. Riddle argues that abortion has been far more essential to human history than you might imagine.
Article | Macroeconomics
What Really Drives Long-Term Interest Rates?
Contrary to the neoclassical loanable funds theory, historical bond yields show Keynes was right that “convictions” anchor long-term interest rates
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Article | Microeconomics
How Economics Found Science …and Lost its Subject Matter
Re-evaluating the “equality-efficiency” trade-off
Video
What's so Interesting About Interest?
Nobody likes to be in debt, but we owe even more to interest itself.
Featuring Jo Michell
Contrary to the neoclassical loanable funds theory, historical bond yields show Keynes was right that “convictions” anchor long-term interest rates
Working Paper | Macroeconomics, Technology & Innovation
Investing in Innovation: A Policy Framework for Attaining Sustainable Prosperity in the United States
Business firms are not alone in making investments in the productive capabilities required to generate innovative goods and services. Household units and government agencies also make investments in productive capabilities upon which business firms rely for their own investment activities.
Working Paper | Laws
An Economic Defense of Multiple Antitrust Goals: Reversing Income Inequality and Promoting Political Democracy
The Consumer Welfare Standard of antitrust is outdated and defective
By Mark Glick
Working Paper | Macroeconomics
After the Allocation: What Role for the Special Drawing Rights System?
How could the new SDR allocation help developing countries?
By Tobias Pforr, Fabian Pape, and Steffen Murau
Working Paper | Government & Politics
Measuring the Impact of Campaign Finance on Congressional Voting: A Machine Learning Approach
Using aggregate campaign finance data as well as a Transformer based text embedding model we can predict roll call votes for legislation in the US Congress with more than 90% accuracy.
Working Paper | Education, Inequality & Distribution, Labor, Technology & Innovation
Equality Denied: Tech and African Americans
EEO-1 employment data document the vast over-representation of Asian Americans and vast under-representation of African Americans at tech companies in recent years. How did this happen?
By William Lazonick, Philip Moss, and Joshua Weitz
Mar 10, 2022
Webinars and Events
Thirty Years of Indian Economic Reforms: Assessing the Growth and Development of Kerala
Session 1: Kerala’s Response to the Economic Reforms with Pulapre Balakrishnan and Bornali Bhandari, moderated by Vinod Thomas
Feb 03, 2022
Webinars and Events
This Week: INET Private Debt Conference 2022
Against the backdrop of frequent calls for debt cancellation and reorganization, the Private Debt Initiative of the Institute for New Economic Thinking is convening a conference on “Debt Restructuring” in New York City on Thursday, February 3rd and Friday February 4th, 2022, hosted by Richard Vague (Secretary of Banking and Securities, Commonwealth of Pennsylvania), Rob Johnson (INET President), and Moritz Shularick (INET Fellow).
Dec 10, 2021
Webinars and Events
Law, Economics & Policy Conference (LEPC) 4.3 -The Path for India's Climate Transition
The 4th Law, Economics & Policy Conference (LEPC) is a virtual, multi-capsule conference series that aims to bring together legal, economic and public policy thinkers to consider a variety of real world issues in India in a holistic manner.
Dec 01, 2021
Webinars and Events
The Paralysis From Above: COP26 and Beyond for the Developing World
For several weeks, representatives of governments across the globe gathered in Glasgow to discuss plans for climate mitigation and adaptation. But the meetings were dominated by representatives of the world’s most advanced economies, often to the detriment of the places where the majority of the world’s population lives: the developing world.
Oct 12, 2021
Webinars and Events
INET Live | Summit on Climate and U.S. China Relations
The pandemic has caused havoc to the world’s health and economy, worsening inequality and disparities already disrupted by geopolitical rivalry, climate change, financialization and technology. Health, wealth and self are entangled in anger over rising inequality and temperatures.
Sep 28, 2021
Webinars and Events
INET Live | Just Transition and the Transition to Justice
Scientists have been sounding the alarm for decades about the severe global impact that rising temperatures will have on the environment, economies, and health outcomes, and ultimately humanity’s long-term survival. With disaster after disaster stacking up, the time for action is now.