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


Nobody understands money

Jan 4, 2012

A correspondent sends us to a column of Paul Krugman’s that asserts that “nobody understands debt”. Fair enough.


Financial (De)Globalization and the European Experiment

Nov 22, 2011

Europe is embarked on a grand experiment, managing modern financial crisis without a dealer of last resort, so refusing to follow the lead of the 2008 Fed.


Student discontent, teaching economics, and Robin Wells's suggestions for shifting our perspective: A historical case

Nov 20, 2011

On November 2nd, I was sitting in the Hayden Library Special Collection reading room at MIT, browsing archives on the undergraduate and graduate students’ discontent during the early 70s and the response of the economics department faculty.


Toxic Textbooks

Nov 7, 2011

The Toxic Textbooks movement devotes energy to curriculum reform as well. Its purpose is to galvanize student protests and “encourage schools and universities to use economics textbooks that engage honestly with the real world.”


Does Economics blogging open new conversations ? (Part I)

Nov 3, 2011

This is the question I’m supposed to answer for an experimental INET conference aimed at inspiring new thinking through interdisciplinary conversation and collective reflection without rules.


A Response to John Kay's Essay on the State of Economics

Oct 10, 2011

The optimism embedded in the efficient market hypothesis has been one of the main sources of the recent turmoil


Bretton Woods, Past and Present: 3. Models in Economics

Sep 24, 2011

I cannot resist but to start quoting Mary Morgan’s second entry to the second edition of the New Palgrave: “Modeling became the dominant methodology of economics during the 20th century.”


Twisting in the Wind

Sep 24, 2011

While waiting for TALF


Bank of the World

Sep 4, 2011

The first graph shows US financial flows over the past five years.