Articles
Articles and analyses from the INET community on the key economic questions of our time.
Lehman Was Not Alone – Measuring System Risk in the 2008 Crisis
what would measures of systematic risk have indicated to Treasury Secretary Paulsen if they had been available at that time?
The Failure of Free-Market Finance
Five years after the collapse of the U.S. investment bank Lehman Brothers, the world has still not addressed the fundamental cause of the subsequent financial crisis – an excess of debt. And that is why economic recovery has progressed much more slowly than anyone expected (in some countries, it has not come at all).
The Financial World Five Years after Lehman Brothers
What have we learned about the American political economy from the crisis and its aftermath?
The Long Battle For A Living Wage Goes On
The battle for a living wage for the nation’s poorest workers is set against the backdrop of mass unemployment and the highest level of economic inequality in the U.S. in almost a century.
Why is economic sense so often morally appalling?
what is economically correct must always be balanced with what is morally right.
When Is the Time for Austerity?
Methodology, Systemic Risk, and the Economics Profession
Changing the incentives for how economists determine both the content of the subject and their approach to scientific research could increase the range of thinking in the profession
Game Theory: Too Much and Too Little?
In introducing game theory (in chapters 7-9), MWG build upon the theory of rational choice by individual agents, developed previously in the book to attempt to analyze (describe, explain, and even predict?) the interactions of such agents as well as the outcomes to which they give rise. In previous chapters, MWG discuss interactions only in the form of the arms-length interactions of numerous firms and consumers in specific markets (e.g. under ‘perfect competition’, in chapters 3 and 5).
Thirteen Ways to Split a Cake*
Helicopter money as a policy option
‘Helicopter money’ may in some circumstances be the only certain way to stimulate nominal demand
Economics Needs Replication
On the difficulty of assembling a chronology and other F....moments in history of economics research
This year, I’m sharing an office with an econometrician on Mondays and with a geographer on Fridays (you don’t want to go into the subtleties of the French educational system).