Articles

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

Article

Behind Europe's Populist Backlash: The Hunger Games of Mainstream Economics

Jan 6, 2015

The turmoil of Brexit and the populist challenge across Europe are consequences of austerity policies that have brought misery to millions of ordinary voters. In this interview first published last January, Servaas Storm warned of the dangers of economic decision making divorced from democracy and from the social consequences of its prescriptions

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Nobel Win Doesn’t Equate To Policy Prescriptions

Oct 21, 2014

The “keys under the streetlight story” is well known among economists, but in case you haven’t heard it, it goes like this.

Article

The Flummery of Capital-Requirement Repairs Since The Crisis

Sep 15, 2014

Government safety nets give protected institutions an implicit subsidy and intensify incentives for value-maximizing boards and managers to risk the ruin of their firms. Standard accounting statements do not record the value of this subsidy and forcing subsidized institutions to show more accounting capital will do little to curb their enhanced appetite for tail risk.

Article

HES 2014: It made a happy man very old!

Jul 1, 2014

This year, the History of Economics Society (HES) meeting was organized at the University of Quebec at Montreal. The meeting was, on the whole, a nice affair, there were plenty of interesting sessions, I reconvened with old friends and was able to present there my latest work and receive constructive comments.