Articles
Articles and analyses from the INET community on the key economic questions of our time.
Manufacturing jobs will disappear - no matter where you are
Just as the agricultural share of employment has fallen from 40% in the 1920s to less than 2% of the workforce in Europe today, manufacturing’s share of employment will fall to less than 5% of employment.
World Without Money Reconsidered
From 1000AD to 1970 the History of World Trade is Based on Fact, After 1970, Fiction?
Having just started Findlay and O’Rourke’s mammoth history of world trade in the second millenia, I have been struck by a strange incongruity
Renminbi Swap Lines
Last week the central banks of China and Australia announced the creation of a $31bn currency swap line
Three Questions to Judy Klein
Fed, ECB balance sheet update
Professor Ponzi, or thinking about the methodology, the sociology and the economics of economics
I am writing from my notes. The event I want to report took place some two months ago, I have since been preoccupied, then occupied, and now increasingly overwhelmed.
Nobody understands money
Heterodoxy and The Economist
Fixed exchange rates
As we prepare to digest the implications of this week’s ECB move, it seems worthwhile to take a look at the monetary economics of fixed exchange rates.
John Whittaker: Eurosystem balances explained
[The following guest post is by John Whittaker, from whom we have learned much of what we know about how the European payments system works. See his terrific papers here and here, both of which reward close study. He has been looking over the last couple Money View posts, and the comments to those posts, and has this to say.]
Is there an ECB?
At Home in Economics
We Are Greg Mankiw… or Not?
A Response to John Kay: Elements of an Evolutionary Paradigm
INET published a paper, written by John Kay, that deals with the relationship between economics and the world we live in. The Map Is Not the Territory: An Essay on the State of Economics spells out methodological critiques of economic theory in general, and of DSGE models and rational expectations in particular.
Liquidity, Public and Private
A week ago, Mark Carney, chairman of the Financial Stability Board, warned of emerging global consequences of the escalating eurozone crisis.