Articles
Articles and analyses from the INET community on the key economic questions of our time.
A Model’s Crisis
Friedrich von Hayek described the economist’s task as demonstrating how little we really know about what we imagine we can design
Did Capitalism Fail? Looking Back Five Years After Lehman
How could reputable ratings agencies – and investment banks – misjudge things so badly?
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).
Europe: Is the Union over?
Saving Economics from the Economists - A Tribute to the Late Ronald Coase
The degree to which economics is isolated from the ordinary business of life is extraordinary and unfortunate.
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.
Understanding Bank Liquidity
When Is the Time for Austerity?
The Real Story of Detroit's Collapse
“How could Michigan officials possibly talk about cutting the average $19,000-a-year pension benefit for municipal workers while reaffirming their pledge of$283 million in taxpayer money to a professional hockey stadium?
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
Thirteen Ways to Split a Cake*
Middle-Out Economics: A Truer Form of Capitalism
“Four men sat at a table. Raised sixty floors above the city, they did not speak loudly as one speaks from a height in the freedom of air and space; they kept their voices low, as befitted a cellar.”
Economics Needs Replication
Lending in the Dark: China's Shadow Banking Sector
The proliferation of China’s opaque, loosely regulated (or unregulated) shadow-banking system has been raising fears of possible financial instability. But just how extensive – and how risky – is shadow banking in China?