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

What’s Next for Capitalism — Reinvention or Authoritarian Rule?
In Capitalism and Its Critics, New Yorker writer John Cassidy brings to life the figures who warned of monopoly power, inequality, environmental peril, and authoritarianism—forces still at work today. He discusses his book with Lynn Parramore.
Europe’s Gas Roller Coaster

What the Economy Is Really For — And Why Tariffs Miss the Point
The money to support well-paid American jobs exists—it’s just being hoarded at the top. Economist William Lazonick argues that this is not just unfair; it’s a failure of the whole economic system.

“Founders Would Be Horrified”: Renowned Historian Drops Truth-Bomb on American Revolution and Lessons for Today
Professor Marc Egnal of York University joins the Institute for New Economic Thinking’s Lynn Parramore to explore why historians cling to an inaccurate and misleading narrative, and what we can learn from the real history about tyranny, checks and balances, imperialism — and resistance.

Breaking the Moat: DeepSeek and the Democratization of AI
DeepSeek’s appearance is changing the AI landscape in more ways than we might think.

James K. Galbraith on His Latest Book, DOGE, Bitcoin & More
The distinguished economist talks about the power of entropy in shaping a new economic reality and viewing current events. His new book, Entropy Economics: The Living Basis of Value and Production, challenges flawed mainstream models that lead to distortions and bad policy.
Political Investments

Protecting the Consumer: A Conference at the University of Utah with CFPB Director Rohit Chopra
The Utah Project on Antitrust and Consumer Protection hosted a conference on the future of consumer financial services law on October 11, 2024, which was supported by an INET grant.

Trump, Tariffs, and Exchange Rates: The Message of Elections in the US and Japan
What Japan, the US, and Europe have in common is growing popular anger over the economy despite high stock prices and low unemployment.

The Deutschmark’s Real Father? A Jewish American Written Out of History.
In a fresh release from INET’s book series with Cambridge University Press, renowned German economic historian Carl-Ludwig Holtfrerich uncovers the startling truth behind German currency reform usually hailed as the foundation of the post-war German economic miracle: Ludwig Erhard, who cooperated with the Nazis, unjustly claimed the spotlight, overshadowing the real architect, Edward Tenenbaum.

The Fed and the “Soft Landing” - Policy or Luck?
The biggest factor in accounting for the strength in the economy is the continuing importance of the wealth effect in sustaining consumption by the affluent.
The “Fortune 500” of 1812

Crying Wolf: Why Negotiating Lower Drug Prices Will Not Harm Pharmaceutical Innovation
Increasing evidence that the IRA is probably not harming pharmaceutical innovation.