5810 Results for “ https://www.galaxus.ch/en/sector/showdiscussion/snap-hack-online-visit-kunghaccom-d2d1mo9k-226342”

What are the hidden risks and trade-offs in letting machines decide — and how can we protect fairness without stifling innovation?

As the U.S. Congress works to undo financial regulation, INET reflects on the lessons of the Bear Stearns bailout

The International Human Dimensions Programme on Global Environmental Change (IHDP) recently published the Inclusive Wealth Report 2012, in which the authors propose a measure of wealth based on the stock of capital present in a country, as opposed to the flow measure of GDP.

Why Pushing on a String Has Never Worked

Conspicuous Consumption in the US & Germany

It is high time to look more closely at the labor cost competitiveness myth.

This year’s American Economics Association conference featured INET researchers, a cocktail reception, and a new interactive poll 

In 2021, the Centre for International Governance Innovation (CIGI) celebrates 20 years of contributing research and expert analysis to global policy making.

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

Any use of money-financed fiscal expansion as a policy tool will require rules to ensure discipline and avoid excess

The last straw in the enduring blog debate over microfoundations has taken a decisive historical turn.

John Ruskin helps shed light on what it means to have an economy that demands we die for it

Coming out of the Great Depression, America built a middle class, but systematic discrimination kept most African-American families from being part of it

EEO-1 employment data document the vast over-representation of Asian Americans and vast under-representation of African Americans at tech companies in recent years. How did this happen?

World Ocean Observatory founder Peter Neill talks about the dire emergency in which the world’s oceans currently find themselves in and what must be done to save them.

In the papers of economist Charles Kindleberger, Perry Mehrling found notes on the paper that won Ben Bernanke his Nobel Prize.

Peter Bofinger, an economist and former member of Germany’s Council of Economic Experts, talks to Rob about the economic crisis now facing Europe, how Modern Monetary Theory could address it, and how it differs from the Great Recession of 2008. Mentioned in the interview: https://www.youtube.com/watch?v=bNgQRs8nY4chttps://www.socialeurope.eu/coronavirus-crisis-now-is-the-hour-of-modern-monetary-theory

Repeat after me: How much pipe should Fed plumbers lay if Fed plumbers like to lay pipe?

The European Union is headed for a disorderly disintegration, and can only be saved if it is reconstructed to satisfy citizens’ needs and aspirations

Trump ran in both 2016 and 2024 on a promise to reverse the deindustrialization caused by globalization and free trade, using tariffs as his main tool. But the critical question now is: Can it work?

The firehose of affluent consumption continues to drive inflation, not the stimulus package

If libertarians wish to maintain their self-centered fixation on their own freedoms without considering others, let them do so — in indefinite quarantine from the rest of us.

To fulfill MLK’s vision of jobs and freedom for Black Americans, Washington must rein in corporate greed

Inclusive development especially the role of employment opportunities in a changing world of work and the environment in envisioning inclusiveness

The $1.9 trillion stimulus should be large because the need is large

In an Al Jazeera documentary “In Search of the Great American Job”, Institute scholar William Lazonick offers some arch insights into the relationship between financialization — particularly the “shareholder value” ideology in corporations, which drives the transfer of profits to shareholders through stock buybacks — and job creation and inequality.

Europe’s leaders must recognize that the EU is on the verge of collapse. Instead of blaming one another, they should pull together and adopt exceptional measures.

Workers, innovation, and productivity all suffer when corporations spend their new U.S. tax breaks on stock buybacks.

Thirty Years of Indian Economic Reforms: Assessing the Growth and Development of Kerala

Researchers worry the pandemic may have severe after-effects, with deaths of despair impacting more distressed and newly-vulnerable populations

To able to deal with these consequences, our crisis response now should not lock us in into a permanent state of austerity, greater inequality and heightened vulnerability to future health calamities. New-old social democratic solutions are needed more than ever before.

Umass Lowell Economics professor William Lazonick, outlines the history of how government policy and economic conditions contributed to the rise and fall of a Black blue-collar middle class. Part 2 takes a closer look at the role of finance and stock buybacks and what can be done to reverse the trend towards growing inequality.

Following a successful inaugural Meeting of Young Minds in 2024, the Second annual Meeting of Young Minds on 17 – 19 February 2025 is geared to be an exciting and engaging gathering of future leaders in the field of economics.

The most popular political philosopher of his generation on liberal responsibility worldwide for the rise of the hard right

The debilitating challenges women face in being heard are detrimental to economic prosperity and to democracy itself.

Many indicators say the US is close to full employment: Hours of work tell a different story.

Business Insider quotes and cites William Lazonick’s INET-funded research on Boeing’s stock buybacks. Cross-posted in MSN, Yahoo Finance, Business News, AOL, News Break, Star News, and Web Today.

Rethinking the role of markets and government policy in light of our inherently limited ability to foresee economic and social outcomes

Explore your curiosity in economics in an open and critical community.

Slight increases in national-average earnings for older workers mask long-run stagnation and decline in Michigan, Ohio, Pennsylvania and Wisconsin – states that unexpectedly voted for Donal Trump

Lance Taylor and Özlem Ömer respond to Andrew Smithers’s final comment on their working paper

Trump’s withdrawal from the Paris accord sets the US economy back

Challenges And Emerging Perspectives

Rob Johnson interviewed Columbia University historian Adam Tooze in early 2020 about his work on financial history and how it relates to the Green New Deal.

Contrary to what many economic models suggest, salaries aren’t constantly recalibrated based on skills or technology. They follow the economy and politics—and common sense: hire when needed, promote from within, and slow hiring when budgets tighten.

In a significant new study published by the Institute for New Economic Thinking, Canadian economist Mohsen Javdani reveals that gender shapes views on power, equality, and inclusion in ways politics alone can’t explain.

On the occasion of the ASSA 2021 Virtual Annual Meeting (Jan. 3-5), Peter Bofinger presents a “10 Best of” Mankiw list

EMC brings together the thinkers and doers, with insights and inter-disciplinary perspectives on emerging markets. It is about cutting edge ideas, the discussion at the frontiers, and achieving a strategic sense.

Alan Light, veteran music journalist and host of “In The Light” on SiriusXM, discusses how the pandemic affected the world of music, what we gained and what we lost, and what we might look forward to for 2021

On September 15, 2008, Lehman Brothers, a giant investment bank with a storied history, filed for bankruptcy. The shock was profound; world markets melted down.

“…the prohibition on negotiating price was kind of a poison pill in the original Medicare Act.”

Governments and civil society organizations must work together with UNCTAD to provide developing countries the tools — and the transformed governance regimes — they need to “build back better” through these challenging and difficult times.

“This survey gives a voice to US health care workers who have been on the frontlines of COVID-19,” David Michaels, a professor of environmental and occupational health at the George Washington University and former administrator of the Occupational Safety and Health Administration, said. “Health care workers have valuable first-hand knowledge about this pandemic and this report offers recommendations that could help keep the U.S. on a steady course now and in the future.” …. Michaels and Melissa Perry, a professor and chair of the Department of Environmental and Occupational Health, provided guidance in producing the report. The McElhattan Foundation and the Institute for New Economic Thinking provided financial support for the survey and the report.” — George Washington University

Economists and historians of economics have related differently over time, and the past of the discipline has then served for varied purposes.

An update from INET’s Young Scholars Initiative

An obituary for Axel Leijunhufvud (Sept 6, 1933 - May 5, 2022)

John Kenneth Galbraith noted in 1973 that establishment economics had become the “invaluable ally of those whose exercise of power depends on an acquiescent public.” If anything, economists’ embrace of that role has grown stronger since then.

How can we develop a deeper, more human and multifaceted understanding of the past?

Renewed interest by policymakers in the challenges of long-term slow economic growth highlights the importance of the Institute’s research

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

Christopher Cramer and John Sender, authors of the book, African Economic Development: Evidence, Theory, and Policy, discuss their book (co-written with Arkebe Oqubay) and how economic policy needs to be rooted in flexibly responding to changing circumstances and consequences, instead of dogma. Link to a PDF version of the book: http://fdslive.oup.com/www.oup.com/academic/pdf/openaccess/9780198832331.pdf

The global financial cycle has transformed the well-known trilemma into a ‘dilemma’. Independent monetary policies are possible if and only if the capital account is managed directly or indirectly. This column argues the right policies to deal with the ‘dilemma’ should aim at curbing excessive leverage and credit growth. A combination of macroprudential policies guided by aggressive stress‐testing and tougher leverage ratios are needed. Some capital controls may also be useful.

We find empirical evidence that changes in market sentiment drive unforeseeable change in how stock returns unfold over time, thereby engendering Knightian uncertainty.

The neoliberal economy was supposed to bring about a utopian world order. Instead, it gave us crippling psychological stress and social breakdown. How can we ever recover?

Lance Taylor, Servaas Storm, Mario Seccareccia and Marc Lavoie comment on Lawrence Summers and Anna Stansbury’s article titled “Whither Central Banking?”

AI has the potential to fuel historic levels of wealth concentration, leaving workers behind while a handful of companies profit. Or we can choose policies that steer us toward shared prosperity. The future is still up to us.

To strengthen the American semiconductor industry, Congress should condition additional funds on suspending stock buybacks

The market can’t save us.

Microfinance and then financial inclusion have become buzzwords in international development. Such initiatives have mobilised and generated  large amounts of development funding, despite substantial amount of critique. Such critiques call for a more impartial assessment of the effectiveness of financial inclusion on the grounds that funds for microfinance, they argue, displaced development spendings on healthcare, education or infrastructure. In addition, the focus on expansion of financial markets to ‘bank’ and financially ‘include’ the poor may divert attention from more comprehensive and effective poverty reduction strategies. Critiques of this ‘way of doing development’ are often sidelined and labelled as ‘extreme’, ‘sloppy’ or ideology-driven rather than evidence-based. We believe that there is a need for contemporary development scholars from all disciplines to engage in those debates. This half-day workshop would bring in such scholars to discuss what we have learned from a decade of research on the microfinance, and how financial inclusion and the emergence of fintech may offer new opportunities - as well as risks - in for inclusive global development. 

Doctors and medical experts say private equity firms and profiteering corporations are putting American lives at risk and compromising the practice of medicine.

By Stefano Sannino Secretary-General, European External Action Service (EEAS), Jutta Urpilainen EU Commissioner for International Partnerships, European Commission, Rohinton P. Medhora President, The Centre for International Governance Innovation (CIGI), Andrew Michael Spence Nobel Laureate of Economics, Co-Chair, Commission on Global Economic Transformation, Jayati Ghosh Professor of Economics, University of Massachusetts, Amherst, Andrea Renda (moderator) Senior Research Fellow, Head of GRID Unit, CEPS

Scientific American

Robert Akerlof, economics professor at the University of Warwick, discusses his research into issues of self-esteem and values and how such a focus can greatly improve efforts to make sense of economic activity.

The Intercept highlights INET research from Enno Schröder and Servaas Storm and Gregor Semieniuk, Lance Taylor, and Armon Rezai

NBER: Concentrating Intelligence: Scaling and Market Structure in Artificial Intelligence

Political theorist Wendy Brown explores new threats to democracy and society

The White House cited Ledley’s INET working paper on the NIH’s seed funding of FDA approved pharmaceuticals in their fact sheet on new actions to lower health care and prescription drug costs.

Focus on quantities

Donald Trump, democracy, and how the wealthy crush the American Dream

How much of modern economics is shaped by religion?

A response to Phillip Magness in The Wall Street Journal

The Calamity of Germany’s Distorted Perception of Italy

My attempt at a double riddle. “I find familiar faces only in unfamiliar places. Who am I? And whom are the faces?” The answer to the first is, I am an academic, to the second, my conference buddies.

“In his speech, Xi pledged to uphold support for the Greater Bay Area initiative, and the Shenzhen plan includes specific measures to create employment and housing opportunities for Hong Kong’s young people. Driving forward the development of an economy as large and complex as China’s is a monumental feat in the best of times – not least because there are no models to emulate. Amid hostile external conditions, the challenge is even greater. But with the Shenzhen plan – and the broader adaptation and implementation of the city’s successful reforms – China may well be able to meet it.” - INET Expert Andrew Sheng, member of Commission on Global Economic Transformation

In persisting with its high rates policy, the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.

In the final part of his conversation with Rob Johnson, Daniel Ellsberg talks about his hopes for this generation and why he wrote The Doomsday Machine. Part 3 of 3

In honor of the just-announced Nobel Prize in Economics for Daron Acemoglu, Simon Johnson, and James Robinson, we re-post an Economics and Beyond podcast episode from last year, featuring Johnson, discussing Johnson and Acemoglu’s latest book, Power and Progress.

The New Keynesian Dynamic Stochastic General Equilibrium (DSGE) is a straightjacket for macroeconomics

Smith did not advocate a single-minded pursuit of profit

Famous whistleblower Daniel Ellsberg discusses his book, The Doomsday Machine, which chronicles the tremendous threat to humanity that US nuclear war planners deliberately considered and whose plans he was going to leak instead of the Pentagon Papers, had it not been for the Vietnam War. Part 1 of 3.

On behalf of the Host Committee, we are writing to offer some further information about the “Gala Dinner”, which will take place on the evening of 19 July, following the final session of the 2017 ECINEQ Conference. The dinner will be held at a restaurant near the conference venue. 

Sen. Tammy Baldwin features arguments in questions to SEC nominees, pharmaceutical industry witness

This year’s New Hampshire primary testifies to the disintegration of the Republican Party

International Conference on Digitalisation, Market and Society is a cross-disciplinary plenary on how digital transformation is altering work, gender norms, and social institutions—and how society can respond inclusively.

“We risk a global decoupling in which East and West face off in a cold war, and Africans are caught in the middle,” says Professor Carlos Lopes in an interview with Folashadé Soulé and Camilla Toulmin

What if billionaires paid their fair share—no matter where they lived?

How did hyper-globalization fuel populist backlash?