Articles

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

Article

They called it a sunspot

Dec 7, 2014

One of the earliest attempts to tackle the problem of multiple equilibria in Macroeconomics was a byproduct of David Cass and Karl Shell’s engagement with Robert Lucas’s 1972 paper on ‘Expectations and the Neutrality of Money.’

Article

The IMF and Human Development: Little Progress and Worrisome Trends

Oct 13, 2014

The International Monetary Fund and the World Bank celebrate their 70th anniversary this year, yet few countries have been eager to join the festivities.

Article

Pasinetti on Institutional Forces and the Discipline of Economics

Jul 29, 2014

Ever since 2008, increasing numbers of economists, students, and even market professionals have protested the way economics is currently taught and practiced.

Article

Destabilizing A Stable Crisis

Jul 28, 2014

Readers of Minsky are familiar with the idea that governments should act as financial stabilizing agents for their economies by running surpluses in times of boom and deficits in times of crises.

Article

We Can Blog it!

May 6, 2014

The more reflexive mode brought by the financial crisis to macroeconomics made economists more outspoken about methodological, historical and sociological issues: how have we come to the DSGE dogma? What are its limitations? How can we produce alternative knowledge? Do publishing practices favor a “monolithic” thinking, and if so, how can we change it? What about the graduate training in economics?

Article

Macrowars, economists' narratives, and my dreamed history of macro

Mar 2, 2014

The last straw in the enduring blog debate over microfoundations has taken a decisive historical turn.