Articles
Articles and analyses from the INET community on the key economic questions of our time.
Mass Incarceration’s Dangerous New Equilibrium
A new model probes why the US leads the world in jailing and imprisoning people, and what it will take to reverse course
How the U.S. New Economy Business Model has devalued science & engineering PhDs
This note comments on Eric Weinstein’s, “How and Why Government, Universities, and Industries Create Domestic Labor Shortages of Scientists and High-Tech Workers,” posted recently on INET’s website.
Political Conflict and Economic Pluralism in Brazil
The reaction to repressive political conditions that prevailed in Brazil during the 1970s helped to produce a commitment to diversity and tolerance among Brazilian economists.
Which Productivity Puzzle?
A Public Comment on the SEC Pay Ratio Disclosure Rule
In this comment, we explain our objections to the SEC’s current formulation of the Pay Ratio Disclosure Rule on each of three grounds: the erroneous estimation of CEO pay; the unclear specification of the “median” worker; and the risk of normalizing a pay ratio that is far too high. Then we present the latest data on the remuneration of the 500 highest-paid CEOs in the United States, demonstrating the way in which the SEC’s measure of CEO pay that enters into the CEO-to-median-worker pay ratio tends to systematically underestimate actual executive pay.
How & Why Government, Universities, & Industry Create Domestic Labor Shortages of Scientists & High-Tech Workers
Long term labor shortages do not happen naturally in market economies.
Debating Household Debt
Experts on Trial: Introduction
China's Wage Growth: How Fast Is the Gain and What Does It Mean?
New findings show that hourly wage-rates in China are higher than in middle-income countries and are approaching the levels of Greece and Portugal
Can “It” Happen Again? Defining the Battlefield for a Theoretical Revolution in Economics
As part of our “Experts on Trial Series”, Antonella Palumbo argues for stripping away ‘scientific’ shibboleths that mask social and political choices
At Sea Without an Anchor
'People Have Had Enough of Experts'
As part of our ongoing symposium “Experts on Trial”, Professor Sheila Dow argues that if voters have grown contemptuous of economists’ expertise, that’s because economics has been misrepresented as a technical subject separate from politics and moral judgments
Is Inequality a Political Choice?
Research by INET-affiliated scholars shows the US lags far behind its peers on inclusive growth, suggesting inequality is not an inevitable consequence of globalization and technology
Ferguson: Monetary Policy Can't Levitate a Broken Economy
As part of an International Economy symposium, INET Research Director Tom Ferguson assessed the challenge facing central bankers through the lens of the missing virtues of Dorothy’s travel companions in the Wizard of Oz