Articles
Articles and analyses from the INET community on the key economic questions of our time.
Why is economic sense so often morally appalling?
what is economically correct must always be balanced with what is morally right.
When Is the Time for Austerity?
Methodology, Systemic Risk, and the Economics Profession
Changing the incentives for how economists determine both the content of the subject and their approach to scientific research could increase the range of thinking in the profession
Game Theory: Too Much and Too Little?
In introducing game theory (in chapters 7-9), MWG build upon the theory of rational choice by individual agents, developed previously in the book to attempt to analyze (describe, explain, and even predict?) the interactions of such agents as well as the outcomes to which they give rise. In previous chapters, MWG discuss interactions only in the form of the arms-length interactions of numerous firms and consumers in specific markets (e.g. under ‘perfect competition’, in chapters 3 and 5).