Articles
Articles and analyses from the INET community on the key economic questions of our time.
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.
Understanding Bank Liquidity
When Is the Time for Austerity?
Did Capitalism Fail? The Financial Crisis Five Years On
Did the global economic collapse in 2008 stem from structural failures in the capitalist system?
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?
Thirteen Ways to Split a Cake*
On the Link between Inequality, Credit, and Macroeconomic Crises
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.
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
A chronology of economics at Carnegie (in progress)
To illustrate the previous post on the difficulties in putting together a chronology, here is tentative chronology of economics at Carnegie. It’s still in process, and links, sources and entries will be updated as I read.
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?
Keynesianism, neoliberalism and the 'Dissemination' of Economic Ideas: That's the Way of the World.
I like IKE
Japan's Money Base Will Be 45% of GDP: US and UK is 19%-21%
Japan is going to double its money supply, according to today’s front page of the Financial Times (5 April 2013), and a salient question might be what we should compare that to. It sounds like a lot, but is it?
Where the World Economic Association Started
Having lunch next to Edward Fullbrook he told me the story of how the post-autistic economic review got its start, leading to what we today know as the World Economic Association and all the great work coming from this community.
Meeting New Challenges in China
Russia to the Rescue of Cyprus?
How the Economic Quacks Promoting Austerity Will Increase the Deficit
Why all of the fuss about a nonexistent emergency?