Articles
Articles and analyses from the INET community on the key economic questions of our time.
German Wage Moderation and the Eurozone Crisis: A Critical Analysis
It is high time to look more closely at the labor cost competitiveness myth.
The Gift of Deregulation
Renminbi to the Rescue?
Global Tax Dodging Just One Part of Pfizer’s Corrupt Business Model
Why are we paying for corporate behavior that crushes innovation, cheats taxpayers, cost jobs, and heightens inequality?
Replication and Transparency in Economic Research
In 2003, McCullough and Vinod wrote, “Research that cannot be replicated is not science, and cannot be trusted either as part of the profession’s accumulated body of knowledge or as a basis for policy.”(1)
Printing Money
Want to Grow the Economy? Might Be Time to Unleash the Devil.
Is an ancient financial taboo keeping us from prosperity? Adair Turner, author of a new book on global finance, explains.
Theory vs data, computerization, old wine and new bottles
In 1953, Oskar Morgenstern proposed to reform the eligibility criterion for fellows of the Econometric Society, in an attempt to foster empirical work.
The Teaching of Economics
$1.90 Per Day: What Does it Say?
The IMF Worries About EME Corporate Leverage
Hot on the heels of the BIS, now comes the IMF Global Financial Stability report, “Corporate Leverage in Emerging Markets–A Concern?”. Yes, a concern, and just in time for the annual meeting in Peru next week.
The Efficiency of Markets
A student of microeconomics learns that any competitive equilibrium leads to a Pareto efficient outcome (First Fundamental Theorem of Welfare Economics). What do we mean by the efficiency or inefficiency of markets?
Travelling Knowledge and Tools
Feminist Economists Challenge Austerity That Harms Women
Economist Alicia Girón explains why a feminist perspective is crucial to new economic thinking.
Joseph Stiglitz: “Deep-seatedly wrong” economic thinking is killing Greece
The latest austerity deal is terrible for Greece and Europe.
EU refuses to acknowledge mistakes made in Greek bailout
As I write this it would be appear that the Greek crisis is finally coming to an end. In this report I would like to discuss why the negotiations were so fraught and what an agreement actually means. In a nutshell, the EU sought to address matters with the same kinds of measures that had been tried in the past, while Greece argued that doing so would not make things any better—and would in fact make them far worse.