Articles
Articles and analyses from the INET community on the key economic questions of our time.
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What Happens When a Noted Female Economist Fights Toxic Culture in the Field?
Claudia Sahm dares to call out systemic bullying and harassment that drives out talent and compromises science. Perpetrators are not happy.
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Comment on Lance Taylor’s “’Savings Glut’ Fables and International Trade Theory: An Autopsy”
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Reply to Andrew Smithers
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How Dairy Monopolies Keep Milk Off the Shelves
Consolidation in the dairy industry has created separate, inflexible supply chains for consumers and commercial markets. When COVID killed commercial demand, perfectly good milk and cheese was wasted.
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“Savings Glut” Fables and International Trade Theory: An Autopsy
A “global saving glut” was invented by Ben Bernanke in 2005 as a label for positive net lending (imports exceeding exports) to the American economy by the rest of the world. However, there is a more plausible explanation for the persistent trade imbalance between the US and its major trading partners.