Articles
Articles and analyses from the INET community on the key economic questions of our time.
How Dated Theories & Underlying Research Misguide Policy
The financial crisis of 2008 was unforeseen to a significant extent. One reason is that the dominant academic theories influencing political decision makers ignore recent advances and instead rely largely on models and decision science dating back to the Second World War.
The Greek Revolt Against Bad Economics Threatens European Elites
A look behind the scenes of the Greek referendum and what could happen next.
Greece Has Made Tough Choices. Now It's the IMF's Turn.
The International Monetary Fund’s chief economist, Olivier Blanchard, recently asked a simple and important question: “How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?” But that raises two more questions: How much of an adjustment has Greece already made? And have its creditors given anything at all?
Bankers Think They Have an Ethical Duty to Steal From Taxpayers
It doesn’t make sense to pay someone to rob you.
UK Election: A Tale Of Two Nations
Yes, it is a tale of two nations, but in a much broader way than you think. Not just England and Scotland, but an equally salient parallel between Great Britain and Canada.
New Climate-Economic Thinking
We Must Lean Over Backwards
Party Competition to Cut the Government Deficit by More in the UK's General Election
At least the Labour Party has only promised to cut day-to-day spending, not public investment.
Learning from Karl Polanyi
Mission-Oriented Finance for Innovation: new ideas for investment-led growth
“The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.” John M. Keynes, The End of Laissez Faire, 1926 (p. 44)