Articles
Articles and analyses from the INET community on the key economic questions of our time.
What Was the Real Cost of the Great Recession?
We are coming up to the fifth anniversary of the Lehman crash in September 2008. How bad was it? Have we fixed the problems?
When Is the Time for Austerity?
Game Theory: Too Much and Too Little?
In introducing game theory (in chapters 7-9), MWG build upon the theory of rational choice by individual agents, developed previously in the book to attempt to analyze (describe, explain, and even predict?) the interactions of such agents as well as the outcomes to which they give rise. In previous chapters, MWG discuss interactions only in the form of the arms-length interactions of numerous firms and consumers in specific markets (e.g. under ‘perfect competition’, in chapters 3 and 5).
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.