Articles

Articles and analyses from the INET community on the key economic questions of our time.

Article

The AI Boom Runs on an Even More Dangerous Machine (Part 2)

Aug 18, 2026

Silicon Valley promises abundance, but corporate America is built for extraction. The underlying operating system is stuck on making big shareholders rich the expense of everyone else. It’s time for a reboot. *From the “AI and the Future of the American Worker,” a series on how artificial intelligence is impacting labor, power, and the meaning of work. (Read Part 1 of this article here).

Article

From Potential Output to Full Employment: A Paradigm Shift for Italian Fiscal Policy

Jun 8, 2026

Europe’s new fiscal rules still bind policy to fragile estimates of potential output. For Italy, targeting lower unemployment could sustain stronger growth, improve deficit outcomes, and expose the self-defeating logic of austerity when debt is measured against a stagnating economy.

Article

Sovereign Money is not Debt: Why Central bank Accounting Must Change

Jun 2, 2026

Central bank money is still accounted for as debt, a legacy of an earlier monetary order. Treating sovereign money as equity would clarify central bank balance sheets, strengthen institutional transparency, and better prepare monetary systems for future digital-era design choices.

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Distribution Matters: Flawed Welfare Foundations in Classic Free Trade Arguments

Oct 27, 2025

The argument that free trade is always the correct policy is based on a flawed welfare analysis. Free trade results in winners and losers and economists are not competent to analyze the impact on well-being as a whole or the spillover social consequences of the discontent of the losers.