Articles
Articles and analyses from the INET community on the key economic questions of our time.
Secular Stagnation: The Limits of Conventional Wisdom
Summers and Stansbury mark a dramatic shift from New Keynesian orthodoxy, but only make it halfway to understanding the demand-driven nature of stagnant growth
Summers and the Road to Damascus
YSI Successfully Holds Fifth and Final Regional Convening in Asia
An update from INET’s Young Scholars Initiative
The Sacrificial Rites of Capitalism We Don’t Talk About
Author Supritha Rajan argues that self-interested competition may be the official line, but it’s far from the whole story
Keeping the Oil in the Soil
Charter Schools Unleashed “Educational Hunger Games” in California. Now It’s Fighting Back.
Andrea Gabor, author of “After the Education Wars,” discusses how California is pushing back on millionaire-driven charter schools. Will the rest of the America follow?
After Over Three Decades, Rebel Economist Breaks Through to Washington. Here’s How He Did It.
The idea that businesses are run to maximize profits for shareholders is just plain wrong, says William Lazonick
Coding Private Money
The state has long used law to back private money—with dire consequences, then and now
Modern Monetary Inevitabilities
For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.
Macroeconomic Stimulus à la MMT
How to Ruin a Country in Three Decades
Italy’s austerity-fueled crisis is a warning to the Eurozone
A Belief in Meritocracy Is Not Only False: It’s Bad for You
Despite the moral assurance and personal flattery that meritocracy offers to the successful, it ought to be abandoned both as a belief about how the world works and as a general social ideal.
Why Economists Failed as “Experts”—and How to Make Them Matter Again
Economists should stop pretending to be scientists and go back to the core of the discipline—as a field of inquiry and way of thinking