From the Blog
On the Modern Economic Theory of Incentives, Markets, and Socialism
The Irresistible Force Meets the Immovable Object?
In an economic context that remains uncertain, the biggest loser of the UK elections may well be our health and that of the environment.
A critique of Mankiw’s Macroeconomics
One thing is clear – the ‘get Brexit done’ slogan resonated in a country which had been living on a series of knife edges as one ‘crunch’ time after another came and went.
Brexit uncertainty has already taken an economic toll
Many of the challenges facing the new EU Presidency will need to be addressed not only at the European level but within a reinvigorated multilateral framework.
In her new book, Don’t Be Evil, Rana Foroohar explores how to confront companies like Google and their under-regulated stampede over all of us.
INET Video
Anwar Shaikh talks about the shortcomings of neoclassical economics and alternative frameworks
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.
Stock buybacks are giveaways for greedy investors at the expense of everyone else.
Columbia University’s Richard Robb talks about his new book on human behavior
INET experts discuss how financialization has driven up costs of healthcare—and how we can stop it.
The Financial Times correspondent on the libertarian streak in Silicon Valley
Yueran Ma discusses her work with INET’s Private Debt Initiative
Economists make what we do seem complicated, says Ha-Joon Chang. It’s not.
The University of Chicago’s Raghuram Rajan explains how inequalities in the education system lock in a hereditary hierarchy of success
Working Paper Series
This paper records the path by which African Americans were transformed from enslaved persons in the American economy to partial participants in the progress of the economy.
Using tools from computational linguistics, we construct new measures of the impact of Brexit on listed firms in the United States and around the world
This paper provides novel insights on the changing functional distribution of income in the post–war US economy.
This paper analyzes the early stages of the formation of the Common Market.
This essay deals with the contradictory dynamics that engulfed Europe from 1959 to 1979, the year of the launching of the European Monetary System.
This essay deals with the EMS experience and its failure, with the Maastricht Treaty, and with the interregnum leading to the formation of the EMU in 1999.
Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes
How antitrust law is ill-equipped to address tech mergers
The Chicago School has long used bankrupt assumptions to strangle antitrust policy.
We adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual US firms: the share of their quarterly earnings conference calls that they devote to political risks.
It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.