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Dean Baker, senior economist with the Center for Economic and Policy Research, talks about how geopolitical and economic tensions between the US and China benefit powerful elite sectors in the US, but are bad for working people.

Economists’ assumptions, even about seemingly “small” matters, make an enormous difference to global poverty estimates but their impact often goes unnoticed, and the choices made have been badly justified. We must stop pretending that the World Bank’s “$1 per day” estimates are at all reliable.

Since September 2011, the Swiss National Bank has held a floor of 1.20 francs per euro.

University of Texas economist James K. Galbraith engages in a wide-ranging discussion of the many ways in which conventional economics has failed us, ranging from how to manage the post-pandemic economy, the role of finance, to the problems of inequality and climate change.

what is economically correct must always be balanced with what is morally right.

James K. Galbraith slams “unreliable” report claiming that raising the minimum wage would reduce jobs

The economy is not gender neutral, but actually relies on gender imbalances to function and grow.

The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science.

Richard Vague, Secretary of Banking and Securities for the state of Pennsylvania and INET board member, discusses with Rob Johnson the need for stronger economic measures, the different economic strategies of the US and China, and the dangers of enormous private debt burdens

An interview with Gilles Yabi, executive director of the West African Think Tank WATHI, on food security in Africa

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

Dubious transactions and flimsy accounting standards need scrutiny.

Why real reform in American politics won’t come from slogans, scandals, or new parties — but from breaking the grip of investor politics and rebuilding power from the ground up.

What That Means For Biden’s Inflation Policy Trilemma

An interview with African development specialist Bara Guèye

The rescue of Cyprus was a microcosm of how the nations of Europe have failed to work together to adequately address their ongoing financial crises.

Two years after the 2015 Paris Agreement, where we stand today is better than you may think 

War Reparations, or Prosperity

Prosperity Now CEO Gary Cunningham talks to Rob, in a wide-ranging discussion, about the many ways in which the pandemic has affected racial justice and injustice and how we might overcome the divisions and polarizations that we currently confront.

In a world that increasingly promotes distraction and isolation, the ability to pay attention to each other has become ever more important. Philosopher Christian Madsbjerg talks to Rob about his new book, Look, which outlines how we can recapture our ability to pay attention.Subscribe and Listen on: Apple Podcasts | Spotify | Stitcher | Google Podcasts | YouTube

Yuen Yuen Ang, political science professor at the University of Michigan and author of the book, China’s Gilded Age, argues that the US and China have more in common than we usually think and that it makes more sense to see the conflict as a clash of two gilded ages instead of a clash of civilizations.

INET’s Berlin Conference, “Paradigm Lost: Rethinking Economics and Politics,” opened yesterday and continues to receive enthusiastic coverage from both local and international press.

A new book, The Hamilton Scheme, explores a very different founder than the one we’ve come to think we know.

Why some goods and services should stay in the public domain

Claudia Sahm dares to call out systemic bullying and harassment that drives out talent and compromises science. Perpetrators are not happy.

When politics is defined in terms of “populism” vs. “the mainstream,” the possibility for real economic reform is diminished.

Arjun Jayadev, economics professor at Azim Premji University in Bangalore, India, and Achal Prabhala, coordinator of the AccessIBSA project, discusses the urgency of waiving intellectual property protections for vaccines, particularly in light of the on-going COVID-19 pandemic in India and other developing countries.

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.

Rob Johnson talks with Tim Jackson about his new book, “Post Growth: Life after Capitalism,” and how we might break free of the cycle of restrictive thinking which has plagued economics, and the world.

Alchemy or Banking?

Book review: Michel De Vroey and the problems of macroeconomics

Columbia University’s renowned economist Jeffrey Sachs talks about the lessons he has learned from consulting with governments around the world, about how global problems, such as the war in Ukraine, will only be solved via efforts to understand the other side, never through force.

The state has long used law to back private money—with dire consequences, then and now

What ails the EU Green Deal is exactly what troubles the Union in general — an absence of social democracy at work

Martín Guzmán, ex ministro de Economía de Argentina, explica cómo el rol del poder debe ser central en la investigación económica, especialmente cuando se trata de deuda soberana.

American Prospect editor Robert Kuttner talks about how the faith in Democracy and in the state have suffered tremendously over the past two decades, how it can be restored, and what impact this loss of faith will have on the Biden presidency

In his 2017 presidential address to the National Economic Association, Professor Darrick Hamilton warned that treating economics as a morally neutral ‘science’, and the discipline’s limited attention to structural barriers and overemphasis individual agency, has resulted in bad economics, and bad policy particularly as it relates to racial disparity.

As Chair of the Senate Budget Committee, Bernie Sanders can force votes on Medicare for All and cuts to the military budget. He will face opposition from the GOP and within the Democratic Party. Rob Johnson was a Senior Economist for the Budget Committee and Chief Economist for the Senate Banking Committee. He joins Paul Jay on theAnalysis.news podcast.

Recent austerity policies have been guided by ideology rather than research. This column discusses research that reconciles disparate estimates of fiscal multipliers in the literature. It finds that common identification assumptions are problematic. Matching methods based on propensity scores show how contractionary austerity really is, especially in economies operating below potential.

Donald Trump’s presidency is a symptom of an interregnum between economic orders – a period that will result in a new balance between state and market. While his administration’s economic policies are unlikely to provide the right answer, they may at least show the world what not to do.

Discussion of the results of the ECB’s LTRO2 has revolved around the question of hoarding, specifically whether banks are using the newly-created reserves to fund new lending.

Why the conventional tools of the Phillips Curve, NAIRU, potential output, and money-supply growth are useless

Isabella Weber, assistant professor of economics at UMass Amherst, discusses her new book on how China managed its transition from central planning to markets

Authors Bill Bergman and Larry Feltes argue that declining public confidence in government and financial institutions is putting the U.S. economy in peril — and a crisis could come faster than you think.

New approaches are being developed, but efforts are fragmented and need to be brought together if we hope to piece together a paradigm. 

The aim of the two-semester sequence is to explore a coherent alternative to neoclassical and post-Keynesian theory that does not rely in any way on concepts of utility maximization, rational choice, rational expectations, or perfect/imperfect competition.

In a new book from Cambridge University Press, Lance Taylor reveals that wage repression — far more than monopoly power, offshoring or technological change — is driving rising inequality.

The theoretical approaches to analyzing crises have behind them contrasting conceptions of the way the economy works

The multipolar financial world is here. The United States can survive it – but only with major political and economic changes at home. It’s time to start thinking about what those need to be.

What Japan, the US, and Europe have in common is growing popular anger over the economy despite high stock prices and low unemployment.

Summers and Stansbury Get It Half Right

Currencies or Commodities?

David Fenton, the founder of the progressive PR firm Fenton Communications, takes a close look at what needs to be done to improve how we talk about the climate emergency so that everyone listens and acts accordingly

In this Q-and-A, historian and National Book Award finalist Heather Ann Thompson argues that draconian police tactics in black Detroit neighborhoods had as much to do with the city’s decimation as white flight and lost jobs.

In her new book, veteran Wall Street watcher and economist Nomi Prins warns that central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos.

INET’s co-founder reviews new books about John Maynard Keynes and Frank Ramsey

New Thinking about Modigliani-Miller

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

A global carbon tax alone will not be enough to significantly reduce CO2 emissions

On February 22-24, 2019, the Young Scholars Initiative (YSI) will host its North America Convening in Los Angeles.

Wage Repression, Asset Price Inflation, and Structural Change Caused Rising Macroeconomic Inequality for Fifty Years from before Reagan through Trump.This is a summary of a new book that is being published as part of a new book series with Cambridge University Press.

Adair Lord Turner’s powerful comments about the global economy’s addiction to private debt are continuing to reverberate around the world.

John Fullerton, the Founder of the Capital Institute, discusses the urgent need for a new paradigm in economic thinking, modeled on living systems instead of Newtonian physics, which he calls regenerative economics.

Persistent changes in unemployment have lasting consequences for income distribution

Rodney Jones, a long-time Asia analyst, colleague of Rob Johnson’s, and currently Principal of Wigram Capital Advisors in New Zealand, discusses how China and other Pacific Rim countries succeeded in containing the Covid-19 pandemic and what this means for the West’s rivalry with China

Mike Spence talks with Rob Johnson about his upcoming co-authored book “Permacrisis”, India and the G20, and bringing the world together to address our shared challenges.

Much historical commentary emphasizes how pandemics restructure long-standing social and political arrangements. The observation applies to macroeconomics as well.

China is drowning in it. The whole world has too much of it. History suggests: This won’t end well.

The intra-EMU divergences are a feature of the system rather than just a bug.

If we’re going to address environmental catastrophe, we need to support each other on a global scale. Rob Johnson checks in with Adair Turner about his work, and practical solutions to address the climate crisis.

INET at the Trento Economics Festival 1: A dialogue between Mark Carney and William Janeway, coordinated by Robert Johnson Our world is full of fault lines—growing inequality in income and opportunity; systemic racism; health and economic crises from a global pandemic; mistrust of experts; the existential threat of climate change; deep threats to employment in a digital economy with robotics on the rise. These fundamental problems and others like them stem from a common crisis in values.

What happened to the dream? Rob talks with David Smick about his new film and the inspiration for the project.

Elizabeth Kolbert, Pulitzer Prize-winning writer for The New Yorker, discusses her latest book, Under a White Sky, which explores how technological solutions don’t always lead where we think they will, especially in the face of the climate crisis.

Behind towering figures like Rosa Parks and Martin Luther King, Jr. were the taxi dispatchers, pharmacists, grocers, and other small business owners who were instrumental in making civil rights a reality.

To fight COVID-19, the EU must recognize that spending restraints have to go

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.

Cuba’s entirely state-owned biopharmaceutical industry has been remarkably successful, and can serve as a model for other nations

The impenetrability of this continuously expanding Ptolemaic New Keynesian paradigm is maddening