The economist Herman Daly passed away on October 28, 2022. Read one of the last interviews he gave.

Ben Bernanke, Douglas Diamond, and Philip Dybvig were honored for their work on financial instability

Medhora has served on INET’s Board since 2012 and is a distinguished fellow and former president of the Centre for International Governance Innovation (CIGI).

Michael Grubb appears on BBC Panorama to discuss his INET research on European energy markets

Rob Johnson joins Background Briefing with Ian Masters to discuss public concern about inflation

Ekaterina Cleary, Matthew Jackson and Fred Ledley’s INET research on government innovation in pharmaceuticals was cited in The American Prospect

Michael Greenberg’s INET working paper on derivatives regulation is featured in Salon

INET Fellow Moritz Schularick writes in The Economist that Germany should immediately cut off Russain gas

Lynn Parramore discusses her INET article on neoliberalism and mental health with The Healthcare Policy Podcast

Lynn Parramore’s INET article is cited in The New Republic

Rob Johnson discusses surveillance capitalism

The Daily Poster cites INET research on stock buybacks

Nicholas Mangee, associate professor of finance in the Parker College of Business at Georgia Southern University, begins How Novelty and Narratives Drive the Stock Market with a statement that encompasses the problem he tackles and the compelling reason for investor interest in the new-style thinking that addresses it. This detailed stock market study attempts to extend Nobel Prize-winner Robert Shiller’s development of narrative economics, albeit Mangee’s focus is on novelty information embedded in textual news narratives. Using a set of text-based indices to capture the uncertainty and ambiguity in unscheduled news, Mangee measures the impact of news narratives on equity behavior.

“What is the motivation for tax avoidance? To maximize profits and juice the stock price, of course. A research team led by William Lazonick at the University of Massachusetts reports in Harvard Business Review that from 2009 to 2019, S&P 500 companies spent over 90% of net income on buybacks and dividends, with the highest levels achieved after the 2017 tax cuts, in 2018 and 2019. Taking on corporate debt to finance share repurchases has become commonplace. Never mind that share buybacks deplete corporate treasuries of cash to weather setbacks and to fund productive investment in labor and R&D.”

The Institute for New Economic Thinking (INET) and the Open Society Foundations (OSF) announced that OSF has made a gift of $23.5 million to INET. The grant marks the completion of the organizations’ 12-year collaboration.