Articles
Articles and analyses from the INET community on the key economic questions of our time.
Why We Need Diversity and Pluralism in Economics, Part II
INET talks to Jayati Ghosh and Marina Della Giusta
Economic Consequences of the U.S. Convict Labor System
US counties with prison labor often have lower wage and employment growth
Joan Robinson, the Rational Rebel
The heterodox scholar was a fierce critic of neoclassical economics. But she also insisted that economics be driven by science, not ideology.
How Imperfect Knowledge Shapes Financial Markets
Asset markets are indispensable in harnessing society’s diverse views and insights about future business performance. But those views are shaped as much by emotion and crowd mentality as by rational expectations.
Is the Opioid Overdose Crisis a Story of Supply or Demand? Depends Where You Look
Economic distress in rural areas and opioid exposure in cities are key indicators of overdose deaths
Conditional Optimism: Economic Perspectives on Deep Decarbonization
A response to economists who doubt our capacity to decarbonize while maintaining robust growth
A Reply to Michael Grubb’s Growth-Decarbonization Optimism from Schröder and Storm
Market tweaks and incentives won’t save us from climate catastrophe. Only radical policy change will.
Economic Distress Did Drive Trump’s Win
Contrary to the dominant media narrative, social issues like racism and sexism on their own can’t explain Trump’s success.
Beyond the Dollar
The current international monetary system is costly, unfair, and risky. “Economic nationalism” and deregulation in the U.S. will make it worse. A multilateral alternative is needed.
A Better Bailout Was Possible
Back in 2008, a critical opportunity was missed when the burden of post-crisis adjustment was tilted heavily in favor of creditors relative to debtors. The result was not only prolonged stagnation, but also the Republican Party’s embrace of demagogic populism and the election of Donald Trump.