INET in the News
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Robert Johnson in Time Magazine about the Failures of the Economics Profession
Jan 18, 2012
What can be done to repair economics so economists can play a productive role in helping society?
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INET in Berlin: The Conference Program
Jan 17, 2012
We are pleased to announce the program of INET’s annual plenary conference in Berlin.
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INET in Berlin: The Annual Plenary Conference to Take Place on April 12-14, 2012
Jan 11, 2012
The Institute for New Economic Thinking will host its third annual plenary conference in Berlin fromApril 12 to 14, 2012.
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2011 and Beyond: What lies Ahead for the Global Economy?
Dec 12, 2011
INET Advisors Help Answer
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Charles Goodhart: Europe After the Crisis
Oct 20, 2011
Goodhart brings back on the table the 2% minimalist federal fiscal counterpart to monetary union: “As has been exemplified in the recent crisis, it is problematical to try to issue money without the power to support that via taxation. Equally without access to money (notably via taxes), the power to undertake counter-cyclical, or cross-country, stabilisation is limited. So, the second proposal is to revisit the exercise that was done, some twenty years ago, to assess what fiscal changes might be needed to accompany a single currency.”
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READING ROOM: Economics has met the enemy, and it is economics
Oct 15, 2011
The Globe and Mail published a long piece about the dismal science, covering a lot of ground from moral philosophy to rational expectations, from Adam Smith to this year’s Nobel laureate Thomas Sargent, from the Post-Autistic Economics movement to the Institute for New Economic Thinking. Excerpts:
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The Map Is Not the Territory: An Essay on the State of Economics
Oct 3, 2011
INET presents you a paper that deals with the relationship between economics and the world we live in. John Kay spells out methodological critiques of economic theory in general, and of DSGE models and rational expectations in particular. The paper builds on two articles that Kay, Fellow at St. John’s College of Oxford University and Visiting Professor at the London School of Economics, recently published in the Financial Times (scroll down to find the links). It is concerned with the relation of quantitative models to the world in which we live, and with evergreens such as the implications of unrealistic assumptions in economic theory. Highly recommended reading. INET forwarded Kay’s paper to a handful economists and invited them to respond. In the following days, we are going to publish direct responses to the paper by a handful of prominent economists. Follow the INET Blog and stay tuned to what is going to be a healthy discussion.
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READING ROOM: Adam Curtis on the history of economic think tanks in the UK
Sep 22, 2011
A story about the rise of the modern Think Tank and how in a very strange way they have made thinking impossible.
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Grant application deadline approaching: September 15, 2011
Sep 12, 2011
Reminder
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INET and CIGI are Now Accepting Research Proposals for the Fall 2011 Grant Program
Aug 1, 2011
The Institute for New Economic Thinking and The Centre for International Governance Innovation are calling for new research proposals in areas of vital importance to the field of economics for the Fall 2011 grants cycle.
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INET and CIGI Award Spring 2011 Grants
Jul 11, 2011
INET and CIGI Award Spring 2011 Grants: The grants offer a diversity of approaches and global perspectives that target critical issues that have been neglected by conventional economic analysis.
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Check out the New Book “Capitalism 4.0” by Anatole Kaletsky
Jun 27, 2011
Anatole Kaletsky explains the recent global crisis in sweeping historical context, and points out the once-in-a-lifetime opportunity now opening up to economists - particularly the younger generation.
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Tom Ferguson and Rob Johnson on Debt, Growth, and Austerity
Apr 17, 2011
Deficit Fantasies in the Great Recession
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Dissident vs Mainstream Tension at New Economic Thinking Conference
Apr 9, 2011
What is the right way to achieve change?
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Students in Bretton Woods: The Next Generation of Economic Thinking
Apr 8, 2011
It’s day two of INET’s Conference in Bretton Woods and a new energy has filled the halls and sessions with the arrival of nearly thirty student attendees.
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New Book from INET Advisory Board Member Barry Eichengreen
Jan 9, 2011
There’s a good column at voxeu.org by INET Advisory Board Member Barry Eichengreen, where he introduces his new book, titled Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System.
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Avoiding a Bleak Future for the Euro
Dec 14, 2010
In a recent piece in the Financial Times, George Soros makes the case that, to avoid a bleak future for the euro and the European Union in general, Europe should take steps to recapitalize banks before bailing out member states. In the piece, Soros discusses issues that INET is very interested in exploring further, such as the idea that flaws in macroeconomic theory helped lead to the financial crisis of 2008.
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How would Joe Stiglitz Would Fix the Economy
Nov 16, 2010
Can the Economy be Saved? The Los Angeles Times recently asked a number of economic experts about whether they thought the post-financial crisis economy can be saved, and if so, how.
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The Deficit Debate
Oct 5, 2010
Will public deficit reduction encourage private sector growth, or undermine a needed stimulus to recovery & lead to Japan-style stagnation?
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America Needs Stimulus, Not Virtue
Oct 4, 2010
What does America need?
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Moving Beyond Washington’s Stale Economic Debate
Aug 30, 2010
In a recent column in the Huffington Post, INET advisory board member Jeffrey Sachs made the case that the economic debate in Washington has become “stale” and politicized - and needs to be reframed. This is poignantly relevant to INET, as we begin to make headway on helping to create a new economic paradigm.
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Front Page of the NYT: Scholars Test Web Alternative to Peer Review
Aug 23, 2010
The New York Times has now pushed to the front page of today’s paper an issue of real relevance to INET: how new web tools are beginning to upend traditional peer review in academia.
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Joseph Stiglitz in the Financial Times on the Need for a New Economic Paradigm
Aug 18, 2010
Joseph Stiglitz, noted economist, Nobel Laureate and Institute advisor, had a letter published in the Financial Times yesterday. In it, he noted the need for new ways of thinking about economics, and how this can be achieved.
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Reinhart and Rogoff Clarify Debt Findings
Aug 10, 2010
What is the relationship between debt and growth rates?
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China Needs Slower, Better Growth
Aug 8, 2010
Is China growing too fast?
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How to Avoid a Third Depression: Richard Koo Testifies Before House Committee
Aug 3, 2010
On July 22nd, Richard Koo, the chief economist from Nomura Research Institute, testified before Congress’ Committee on Financial Services. The subject: what the U.S. can do to avoid sinking into a depression.