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

The Origins of the Investment Theory of Party Competition
Preface to the Japanese Edition of Golden Rule
Profit Inflation Is Real
We Owe an Apology to Adam Smith

Profit-Led Inflation Redefined: Response to Nikiforos and Grothe
Besides changes in institutions and social norms, other phenomena could explain a rise in the profit share.

Markups, Profit Shares, and Cost-Push-Profit-Led Inflation
To what extent is profit-led inflation compatible with what we know about the price-setting behavior of firms and income distribution?

Markets and Artificial Intelligence
What happens when we fuse, for the first time, artificially intelligent agents into either our market or political structures?

Should We Focus on the Problems of the Elite, or Those Faced by the Majority of the African Population?
Professor Youba Sokona, Vice-Chair of the Intergovernmental Panel on Climate Change (IPCC) and African energy specialist, on how the Ukraine conflict had re-shaped thinking amongst many Africans, and on the transformation in leadership needed to address the problems faced by the majority of Africa’s people.
Anatomy of a Banking Crisis

Shifting Downward: How a Change in Fed Culture Hurt Bank Supervision
The explanation of systematic breakdowns in supervisory oversight over time must include the shift in Federal Reserve culture during and after the 1990s

Postscript to INET’s Symposium on the Banking Crisis
Austerity for ordinary citizens and bank rescues for the affluent is a toxic mix
SVB RIP: A Look Backward
Edward J. Kane: A Short Tribute

Losing Out in Critical Technologies: Cisco Systems and Financialization
Cisco’s turn from innovation to financialization and what it means for the competitive position of the US information-and-communication-technology industry

The Two Global Consensuses That Defined the Development Paradigm in Ghana Are Under Threat
Honorary Vice President at IMANI Center for policy and education, Bright Simons, on the challenges Ghana is facing
Luigi Pasinetti (1930-2023)

Monopsony in Professional Labor Markets: Hospital System Concentration and Nurse Wage Growth
Growing consolidation in localized hospital markets appears to restrict nurse wage growth