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


Relativist versus absolutist history of economics

Apr 22, 2012

I don’t seem to be able to fully grasp Mark Blaug’s distinction between a relativist and an absolutist approach to the history of economics – first introduced in Economic Theory in Retrospect (1962) – and that is a source of much frustration.


@INET Berlin: Doing the actual work

Apr 12, 2012

While yesterday presented a number of frontrunning scientists discussing current economics and state of the economy in general, academic terms, today starts with ECB executive board member Asmussen.


@INET Berlin: The Great Divide

Apr 12, 2012

Behind all the technical language and the common theme of bashing bankers, there remains the Great Divide between Germans and the rest.


UK Budget Appeals to Adam Smith's Approach to Taxes... Sort of

Mar 22, 2012

Yesterday the Chancellor of the Exchequer (or UK ‘finance minister’) gave his annual budget speech where UK fiscal policy is set for the coming years.


Eurocrisis Redux

Mar 12, 2012

Entangling alliances or entangling leagues are nothing to the entanglements of cash owing—Keynes


Why did the ECB LTROs help?

Jan 22, 2012

From a money view perspective, the central issue is settlement of TARGET balances between national central banks within the Eurozone, and the key is to understand TARGET balances as a kind of interbank correspondent balance.


Delicate balance

Jan 17, 2012

The current account still matters, but other things do too, and maybe more. In light of recent focus on gross flows, here and elsewhere, I want to argue for the language of the balance of payments.


The IMF and the Collateral Crunch

Dec 9, 2011

Why is the IMF getting involved in the Eurocrisis, and why is its involvement taking the form of lending to individual member states of the Eurozone?


Is there an ECB?

Dec 8, 2011

The ECB has always been the protagonist of the eurozone crisis story.