Articles
Articles and analyses from the INET community on the key economic questions of our time.
Helicopter money as a policy option
‘Helicopter money’ may in some circumstances be the only certain way to stimulate nominal demand
Dancing in the Dark: Creating an Economics for the 21st Century
In the wake of the 2008 financial crisis, many of our policy makers and top economists are still stumbling in the dark.
History of applied economics: now what?
There is a “tendency to neglect applied economics in writing the history of economic thought,” Roger Backhouse and Jeff Biddle remarked in 2000. They then followed the “applied” trail back into the XIXth and early XXth centuries, at a time the scope and nature of economics were debatted by continental and especially British political economists
Grantee Arindrajit Dube Examines Reinhart and Rogoff's Causal Claims
Reinhart and Rogoff’s 2010 paper “Growth in a Time of Debt” has recently come under scrutiny
I like IKE
Kuhn vs Lakatos: it is not the institute of anything goes...
In his opening remarks, Robert Johnson said that this “is not the institute of anything goes” with INET now getting to a point where it needs to stop criticising the mainstream and should instead “create a new vision.”
Russia to the Rescue of Cyprus?
How Do We Get Out of This Mess?
Economic “fields” as historical objects (not yet)
The notion of “field” is so pervasive that economists hardly pay conscious attention to it.
The challenge of “value-ladeness” for history writing
Although the objectivity-Grail Quest has ended with total success decades ago (so economists say), the question of the possibility and consequences of economists’ values smuggling into their daily practice still periodically surfaces, and crises make good times for such debates.
The Theory of the Firm: Language, Model and Reality
In a previous post we queried whether the theory of the consumer as developed in the first three chapters of Mas-Colell, Whinston and Green (and indeed other comparable texts) provides anything by way of content beyond what is implied by the abstract description of consumers as agents who are maximizing something. [We did not discuss chapter four, on aggregation of demand, to which we may return later]. As we noted then, a comparable point can be made about the theory of the firm.