Articles
Articles and analyses from the INET community on the key economic questions of our time.
Economic Models That Are Costing Us All
When an economic model fails, it is reality—and the people living in it—who pay the bills while the model lives on, unscathed.
We’ll Always Need Paris
Faced with rapid cost reductions for clean electricity generation, some commentators suggest that we no longer need the Paris agreement or other policy interventions, because technology alone can solve all problems.
The Many Transgressions of Deirdre McCloskey
McCloskey discusses her career, critiques of economics, and offers advice for young economists.
It’s Not Just Profit Wrecking American Healthcare
A look at America’s strange and dangerous approach to medicine, and how to fix it
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.
The Moral Burden on 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