Articles
Articles and analyses from the INET community on the key economic questions of our time.
@INET Berlin: Decisions
A suprisingly large number of talks refer to the issue of human decision making.
Renminbi Swap Lines
Eurocrisis Redux
The Dynamics of the Chicago / MIT Dispute (in the Archives)
In his notorious “How Did Economists Get It So Wrong” NYT article in 2009, Paul Krugman relied on the freshwater/saltwater distinction to explain that the economists’ inability to predict and solve the current economics crisis was due to the fact that MIT/Harvard economics lost their long dispute against their Chicagoan counterparts.
Three Questions to Judy Klein
Fed, ECB balance sheet update
Professor Ponzi, or thinking about the methodology, the sociology and the economics of economics
Bank or no bank?
Why did the ECB LTROs help?
Delicate balance
Marion Fourcade and historians of economics: a quiet revolution?
In recent years, an increasingly significant part of the history of economics has modeled itself after the methodologies developed by Science and Technology Studies (STS) scholars.
Does the Current Account Still Matter?
The title is the same as that of Maury Obstfeld’s Ely Lecture, delivered Jan 6 at the AEA meetings in Chicago. Yours truly was at the meetings mainly to deliver a paper on “Three Principles for Market-Based Credit Regulation”, about which more in a later post. And for most of the rest of the time I was locked in a hotel room interviewing candidates for an assistant professor slot at Barnard College (which gave me a good overview of the current state of macroeconomics, again fodder for a later post).
Fixed exchange rates
Is there an ECB?
First the ECB, then the IMF, Part One
The fact of the matter is that European bank funding markets are collapsing onto the ECB balance sheet.
At Home in Economics
My friend read somewhere that the experience of death makes people think in philosophical terms. He might have thought of religion rather than philosophy, I replied. We agreed, and wandered off talking about our crypto-religious experiences in good old secular Europe.
Liquidity, Public and Private
Roger Backhouse and Bradley Bateman: How can history stimulate new economic thinking?
The following text was sent to us by Roger Backhouse and Bradley Bateman, we reproduce it in its entirety.
Backhouse and Bateman want Worldly Philosophers, not only dentists; not everyone agrees
Professors Roger Backhouse and Brad Bateman wrote an op-ed for the New York Times a few days ago, arguing that “thanks to decades of academic training in the “dentistry” approach to economics, today’s Keynes or Friedman is nowhere to be found” - we have stopped thinking big they say.
Economics in Uncertain Times
What's in a name?
Euro Summit Statement Explained
NGDP target, in practice
Nobel Prize Tasseology
Till is right. It’s not the historian’s task to question the legitimacy of the decisions of the Nobel Committee.