Articles
Articles and analyses from the INET community on the key economic questions of our time.
Why Keynes is Important Today
The man who will not win the Nobel
Last Spring Larry Summers wounded Thomas Piketty in a friendly embrace.
Development and Underdevelopment in Postwar Europe
The question of underdevelopment and development policies in postwar Europe will be the theme of a workshop organized by Michele Alacevich, Sandrine Kott, and Mark Mazower, at Columbia University, the Heyman Center for the Humanities, Friday, October 10, 2014. The program is available here. Below are some of Alacevich’s insights on the issue leading up the event:
Destabilizing A Stable Crisis
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.
Top incomes and the glass ceiling
The glass ceiling is typically examined in terms of the distribution of earnings. This column discusses the glass ceiling in the gender distribution of total incomes, including self-employment and capital income. Evidence from Canada and the UK shows we are still far from equality. Though the proportion of women in the top 1% has been rising, the progress is slower, almost non-existent, at the very top of the distribution.
Self-Control and Public Pensions
The Nature of Invention
Post-Crash Economics
We Can Blog it!
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?
A Fight Over Inequality: The 5% Vs. The Rest
In late 2007, the United States started feeling the effects of the Great Recession. And over the ensuing two years the economic disaster spread across the globe.
German Court decision: Legal authority and deep power implications
Who wields supreme power over the ECB? This column analyses the recent ruling by the German Constitutional Court that the ECB cannot act as lender of last resort. Although seemingly couched by the referral of this decision to the European Court of Justice, this is a bid for power and the return to the pre-crisis paradigm of ‘ultra posse nemo obligatur’.
Macroeconomics in Perspective
When is a Bubble a Bubble?
Modeling a World of Imperfect Knowledge
Does it matter if the Rational Expectations Hypothesis is unrealistic?