Articles
INET’s co-founder reviews new books about John Maynard Keynes and Frank Ramsey
This first book in the new INET and Cambridge University Press book series, Studies in New Economic Thinking, shows that wage repression—far more than monopoly power, offshoring, or technological change—has driven rising inequality.
In a new book from Cambridge University Press, Lance Taylor reveals that wage repression — far more than monopoly power, offshoring or technological change — is driving rising inequality.
Claudia Sahm dares to call out systemic bullying and harassment that drives out talent and compromises science. Perpetrators are not happy.
Why freeing American households and businesses from crippling private debt would be a boon to the economy. Article reposted from DemocracyJournal.org.
Wage Repression, Asset Price Inflation, and Structural Change Caused Rising Macroeconomic Inequality for Fifty Years from before Reagan through Trump.This is a summary of a new book that is being published as part of a new book series with Cambridge University Press.
During this interview, Professor Kako Nubukpo, Dean of the Faculty of Economics at the University of Lomé, Togo and former Minister of Prospective and Evaluation of Public Policy of Togo considers the economic and social impact of the COVID-19 crisis and its repercussions on monetary policy and fiscal reforms underway in West and Central Africa today.
Find all of our COVID-19 pandemic articles, webinars, and working papers here.
A collection of INET’s research and articles on race and the US economy, reposted in connection with recent protests against police brutality in Black communities.
Consolidation in the dairy industry has created separate, inflexible supply chains for consumers and commercial markets. When COVID killed commercial demand, perfectly good milk and cheese was wasted.
A “global saving glut” was invented by Ben Bernanke in 2005 as a label for positive net lending (imports exceeding exports) to the American economy by the rest of the world. However, there is a more plausible explanation for the persistent trade imbalance between the US and its major trading partners.
A debate between Lance Taylor and Andrew Smithers on the alleged “global savings glut.” Smithers responds to Taylor’s INET working paper, to which Taylor then offers a rebuttal. A second round of the debate is now included as well.
Mainstream economics ignores historical and structural factors by design
INET Video
Access to finance was supposed to reduce inequality, and make us all better off. Why hasn’t that happened?
The promise of globalization is built on a lie, designed to spread risk while concentrating reward.
Why are we creating an education shortage?
“Good intentions and bad ideas are setting up a generation for failure.”
A lot has changed since our taxes and benefits were designed, and the consequences of delaying reform are rising.
An animated look at economic history with Robert Skidelsky
Economists make what we do seem complicated, says Ha-Joon Chang. It’s not.
Rob Johnson is not your average economist, and this is not your average economics podcast.
“We do not publish papers about our own profession.” – Top Five Journal
What counts as work and what doesn’t?
Economist Olugbenga Ajilore shows the high cost of the American government’s arming of local police with military weapons, which has exacerbated lethal use of force against black communities
The geopolitical showdown between the United States and China is both inevitable, and avoidable.
MIT Sloan Assistant Professor Emil Verner discusses his research into credit markets, and the role of economics in the rise of populism.
If a tree falls outside of the market sector, does it make a sound?
Inequality, in many ways, may be the biggest question of our times. And yet it is a topic that is still underexplored in conventional economics curricula.
Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.
Working Paper Series
The study seeks to explain why the instruments of central banking inevitably break down over time.
How NAFTA led to GOP dominance of the American South
Amid debates over costs—and profits—from a coronavirus vaccine, a new study shows that taxpayers have been footing the bill for every new drug approved between 2010 and 2019
Consolidation in the dairy industry has created separate, inflexible supply chains for consumers and commercial markets. When COVID killed commercial demand, perfectly good milk and cheese was wasted.
An alternative look at the “global savings glut”
Despite post-2008 regulations, the boom-bust credit cycle continues to run wild
The success of projects for pandemic preparedness and response depends on the strength of government-business collaborations.
A look at Dodd-Frank’s impact
To fulfill MLK’s vision of jobs and freedom for Black Americans, Washington must rein in corporate greed
Over and over again, US government policies designed to transfer and create wealth and economic opportunity were restricted to whites by design.
Rising inequality has focused attention on the benefits of new technologies. Do these accrue primarily to inventors, early investors, and highly skilled users, or to society more widely as their adoption generates employment growth?
In this introduction to our project, “Fifty Years After: Black Employment in the United States Under the Equal Employment Opportunity Commission,” we outline the socioeconomic forces behind the promising rise and disastrous fall of an African American blue-collar middle class.
The popular discontent and rise of ‘populist’ political parties is closely related to the failure of New Labor to navigate social democracy’s dilemma.
This Working Paper presents three separate comments on Servaas Storm’s “The Economics and Politics of Social Democracy: A Reconsideration”. The first is by Joseph Halevi and Peter Kriesler; the second is by Duncan Foley; and the third is by Thomas Ferguson.
Increased borrowing by middle-class families with low income growth played a central role in rising indebtedness
We reveal a novel channel through which market participants’ sentiment influences how they forecast stock returns: their optimism (pessimism) affects the weights they assign to fundamentals.