Articles

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

Article

America’s Debt-Ceiling Debacle

Oct 22, 2013

When Greece’s sovereign-debt crisis threatened the euro’s survival, U.S. officials called their European counterparts to express bewilderment at their inability to resolve the issue.

Article

Why Economics Needs Economic History

Sep 27, 2013

The current economic and financial crisis has given rise to a vigorous debate about the state of economics, and the training which graduate and undergraduates economics students are receiving. Importantly, among those arguing most strongly for a change in the way that young economists are trained are the ultimate employers of these students, in both the private and the public sector. Employers are increasingly complaining that young economists don’t understand how the financial system actually works, and are ill-prepared to think about appropriate policies at a time of crisis.

Article

Saving Economics from the Economists - A Tribute to the Late Ronald Coase

Sep 2, 2013

The degree to which economics is isolated from the ordinary business of life is extraordinary and unfortunate.

Article

Did Capitalism Fail? The Financial Crisis Five Years On

Jul 24, 2013

Did the global economic collapse in 2008 stem from structural failures in the capitalist system?

Article

The Real Story of Detroit's Collapse

Jul 23, 2013

“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?

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On the Link between Inequality, Credit, and Macroeconomic Crises

Jun 12, 2013

To what extant do existing mainstream models properly address issues such as heterogeneity and interactions, which are considered central ingredients to understand economic crises as emergent, endogenous phenomena.