Articles
Articles and analyses from the INET community on the key economic questions of our time.
Marxian Economics: The Oldest Systems Theory Is New Again (or Always?)
The best new economic thinking in an age of the dominance of rent-seeking will be Marxian economic thinking
Learning from Karl Polanyi
The old political-economic thinking of Karl Polanyi was never properly absorbed into “mainstream” North Atlantic economics: recognizing that land, labor, and finance are not really “commodities” returns institutions and social processes to the center of economic analysis.
Sir John and Maynard Would Have Rejected the IS-LM Framework for Conducting Macroeconomic Analysis
The Coming China Crisis
Why Understanding Money Matters in Greece
The solutions to Greece’s crisis challenge many existing economic paradigms, including the concept of “money” itself.
Can Democracy Survive Aggressive Global Capitalism?
Rana Dasgupta shares his view of the contradictions and tensions of India’s economic and political scenes.
Drooping Green Shoots
Paul Krugman on the MIT History
What does Yanis Varoufakis want?
Finding Till Düppe
The Wealthless Recovery
By the Way, Why Does the History of the JEL Codes Matter ?
Full paper is here. Comments are much welcome.And because it’s an epic story (and because I suck at writing abstracts), here is an audio trailer. I thank Paul for his beautiful Memphis accent.
A sparsity based model of bounded rationality
A more realistic version of how people “maximize utility”
Why Keynes is Important Today
Adam Smith's first - and last! - book: what rational choice?
I was going to call this blog post ‘Utility maximising agents in Adam Smith’s Theory of Moral Sentiments’ but realised that was much too dull - even if it accurately describes my bedtime reading at the present moment.