Articles
Articles and analyses from the INET community on the key economic questions of our time.
The Fairness of Markets
Max Roser collaborates with Hans Rosling on BBC Documentary
Institute for New Economic Thinking at Oxford researcher Max Roser recently collaborated with world famous Swedish statistical showman Hans Rosling on the upcoming documentary ‘Don’t Panic: How To End Poverty In 15 Years’.
Travelling Knowledge and Tools
News about a wonderful workshop, “Knowledge Transfer and Its Contexts”
Is it Just a Greek Problem?
China’s stock market crash reveals financial policy tensions
The unprecedented intervention by China’s authorities to backstop China’s stock market reveals widening policy tensions in China’s leaderships financial reform agenda.
How German Economists Really Think
A survey on behalf of the Sueddeutsche Zeitung indicates that German economists are much more American in their thinking than is presumed – with a rising trend.
Why 'Grexit' could be good for Greece
It is a shame that Greece was unable to manage its finances and is now slipping into chaos. But this outcome was inevitable and could not be permanently averted with loans from the international community.
What Even Famous Mainstream Economists Miss About the Cambridge Capital Controversies
Non-mainstream economists are disputing neoclassical ideas about capital.
Fiscal implications of the ECB’s bond-buying program
The monetary-fiscal policy connection is under scrutiny by the German Constitutional Court in the context of the ECB’s OMT bond-buying programme. This column argues that most analyses are deeply flawed by the misapplication of private-company default principles to the central bank. ECB bond-buying transforms public bonds into monetary base, and sovereign-default risk into inflation risk. The real question is: What is the non-inflationary limit to money-base expansion? This depends upon the economic situation and is much higher in the current liquidity-trap setting.
How Sociologists Think About Inequality
Most sociologists believe that formal and informal institutions are more critical in explaining the rising inequality observed in advanced economies. In this light, changing institutions such as the ascendance of shareholder-centered corporate governance model, finance-friendly policies since the late 70s, credentialism, and deunionization all contribute to the earnings dynamics at different parts of the distribution.