Economist Offers Stark Climate Reality Check. Plus a Bit of Science-Based Hope.

In a new book, Alligators in the Arctic and How To Avoid Them, Peter Dorman shows how flawed academic models, faulty assumptions and unrealistic schemes grossly underestimate what’s needed to stop catastrophic warming. He argues for a straightforward carbon emission budget – plus the active citizenship required to fight big businesses that want to keep doing business as usual. Lynn Parramore explores his findings and talks to the economist about the path forward.

By Lynn Parramore

Video

How to Unf★ck America

Over the last four decades, the US economy has done quite well for the top 1%, but it has been stagnant for most Americans. This was not an accident, nor the natural workings of the market and certainly not an inevitability. US policies have been deliberately structured since 1980 to redistribute income upwards. In other words, the system has been rigged.

Featuring Dean Baker

Price Inflation, Marginal Cost Pricing, and Principles for Electricity Market Redesign in an Era of Low-Carbon Transition

By Michael Grubb

China’s successful technological development path stands in contrast to the corporate financialization model in the United States

By Yin Li and William Lazonick

Real Estate Investment Trusts (REITs) are considered “passive” investors and are exempt from corporate tax. But in reality, they play a very active role in reshaping whole industries, like healthcare.

By Rosemary Batt, Eileen Appelbaum, and Tamar Katz

Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral

By Jakob Vestergaard

A persistent regime of low wages may determine very negative long-term consequences on the economy.

By Claudia Fontanari and Antonella Palumbo

Pari passu clauses were deliberately crafted to gain an upper hand in sovereign bankruptcy disputes brought to the London stock exchange’s jurisdiction

By Marc Flandreau

Sep 22, 2022

Webinars and Events

Vikasarth 2022 Session 2: Emigration, Consumption Boom and the Service Economy

Thirty Years of Indian Economic Reforms: Assessing the Growth and Development of Kerala

Jun 13, 2022

Webinars and Events

Piketty: Quality of Life for Billions of People is at Stake

Can society continue its long-run trajectory and commit to institutional, legal, social, fiscal, and educational systems that can advance equality?

Mar 10, 2022

Webinars and Events

Vikasarth 2022 Session 1: Kerala’s Response to the Economic Reforms

Thirty Years of Indian Economic Reforms: Assessing the Growth and Development of Kerala

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.