Articles
Articles and analyses from the INET community on the key economic questions of our time.
Charles Babbage and the History of Innovative Thinking
The forthcoming Institute for New Economic Thinking conference will focus on innovation and its impact on economics and society. When we think about innovation we tend to imagine the future. But as with so many subjects in economics, it’s also useful to examine the past.
Is Italy's New Government Just More of the Same?
A showdown has taken place within Italy’s governing coalition.
Thomas Scheiding: A history of scholarly communication in economics
We invited Thomas Scheiding from Cardinal Stritch University to review what we know about the scholarly communication process in economics. Tom has written forcefully on the history and economics of economic literature (see for instance, his 2009 JEM article). His latest is a study of the scholarly communication process in physics (an article in Studies).
When is a Bubble a Bubble?
Our Hansen Moment
The main goal of the macroeconomist is to understand the sources behind business cycles and the behavior of financial markets in the modern economy.
In which MIT decided to teach micro first so as to make economics more relevant
I’ve already blogged on how undergraduate education evolved at MIT in the postwar era here and here, but since Mike Konczal and Paul Krugman make the case that, to bring introductory economics closer to the real world, macro should be taught before micro as Samuelson did in the first 13 editions of his Economics textbook, it may be worth returning to it.
Economic Policy Must Address Excessive Private Sector Leverage
Adair Lord Turner, former Chairman of Great Britain’s Financial Services Authority and current Senior Fellow at the Institute for New Economic Thinking, will argue in a keynote address to the Federal Reserve Bank of Chicago on Thursday that central banks must be equipped in future to address the dangers of excessive private sector leverage, using both pre-emptive interest rate policy and macro-prudential policy tools.
We Can Do Better
Trust and Finance
America’s Debt-Ceiling Debacle
Economic theory declassified?
Reinhart and Rogoff Respond to Criticism
Advisory Board members Carmen Reinhart and Kenneth Rogoff today issued a response to recent criticism of their paper “Growth in a Time of Debt.”
What You Can Do to Protect Yourself Against a Totally Unnecessary U.S. Government Default
If Congress and the White House fail to raise the debt ceiling this week and the United States defaults on its debt, what can we expect and how can we protect ourselves against these events?
A Model’s Crisis
Current Account Rebalancing Since the Crisis
A look at the large role the trade deficit of the United States has played since the 1980s.