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The FSR Energy Innovation Area and the Complexity Economics Working Group of the Young Scholars Initiative (YSI) have the pleasure to invite you to participate in the 1st Energy Innovation Academy.

Despite the accumulation of serious and unsolvable problems, the Consumer Welfare Standard survives and continues to be taught to students for reasons unrelated to theoretical consistency and empirical confirmation.

The YSI Economic Development Working Group will host a series of panels at the annual conference of the Association for Heterodox Economics, with the goal of developing an innovative research program on productive structures, institutions, distribution, and economic development. 

The prevailing stock market ideology enriches value extractors, not value creators

Author Samuel Stein talks about how capitalism shapes housing and what economists have in common with city planners

When a small group of companies can dominate a labor market, wages—and workers—suffer

An update from INET’s Young Scholars Initiative

Orthodox macroeconomics has become a place where visions die and hopes are banished, for both liberals and conservatives.

Mathematics and the ‘Whiz Kids’

There is a deeper story to be told about the inclusion of the Renminbi.

Why most economists did not see the 2008 crash coming

A Response to the INET Euro Council Report

What does the bankruptcy of Detroit say about the US social contract?

A new online course challenges typical teaching approaches.

The monetary-fiscal policy connection is under scrutiny by the German Constitutional Court in the context of the ECB’s OMT bond-buying programme. This column argues that most analyses are deeply flawed by the misapplication of private-company default principles to the central bank. ECB bond-buying transforms public bonds into monetary base, and sovereign-default risk into inflation risk. The real question is: What is the non-inflationary limit to money-base expansion? This depends upon the economic situation and is much higher in the current liquidity-trap setting.