Articles
Articles and analyses from the INET community on the key economic questions of our time.

Oil and the Energy Crisis of the 1970s: A Reanalysis
An excerpt from Revolt of the Rich: How the Politics of the 1970s Widened America’s Class Divide by David N. Gibbs, published by Columbia University Press (2024)

Are You Ready to Dive Deep into China's Intellectual Odyssey?
Wang Hui, author of The Rise of Modern Chinese Thought, now available in English, provides conceptual guidance for understanding China’s intellectual progress in a conversation with INET’s Lynn Parramore.

Industrial Policy Is a Good Idea, but So Far We Don’t Have One
The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science.

Inflation and Power
It was a mistake to accept a ‘reference price’-determination process for basic commodities led by finance

Trump, Populism, and the Republican Establishment: Two Graphs From New Hampshire
This year’s New Hampshire primary testifies to the disintegration of the Republican Party
Renowned Political Scientist: Can We Really Save American Democracy?
In an exclusive interview, Benjamin Page discusses urgent reforms needed to tackle critical challenges, from undemocratic institutions to economic inequality.

How GM’s $10-Billion Buyback May Ice Its EV Transition
Reindustrialization vs Financialization
Theories of Economic Crises

After Poland’s Elections: Democracy and Keynesianism?
In accepting mass unemployment, post-communist governments and the democratic parties that constituted them removed the economic foundation for Poland’s democracy.

In the Footsteps of Ptolemy: The ‘Science of Monetary Policy’ and the Inflation of 2021-2023
The impenetrability of this continuously expanding Ptolemaic New Keynesian paradigm is maddening

Postscript: A Further Look at ProMarket’s Economics
ProMarket’s new “Addendum to Retraction,” written it appears in response to our recent INET post, doubles down on its critique of our piece which showed that it is feasible for increased output to lead to reduced welfare. The ProMarket addendum is notable for its economic errors.*