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When an economic model fails, it is reality—and the people living in it—who pay the bills while the model lives on, unscathed.

The renowned linguist, cognitive scientist, and historian on where we stand as an economy, as a country, and as human beings

What we’re reading: A weekly scan of published items relevant to the Institute’s work

Climate scientist Michael Mann discusses his new book, The New Climate War, in which he outlines the many ways in which powerful interests deflect, divide, and delay, to prevent real action that would avert the climate crisis

For most economists and indeed for social scientists in general such a question induces shudders as already asking this seems wrong – aren’t governments more prone to failures than markets, and aren’t governments supposed to provide basic and stable institutions for markets to function?

The Risk Society

How to Get Relief to Those Who Need It. Gosia Glinska in Conversation with Anton Korinek

How did this dire situation come about?

Given the choice, would you accept to live in a society where happiness and prosperity is guaranteed for all on the condition that one single person be kept permanently unhappy? Is the well-being of thousands of people “worth” the sacrifice and suffering of a single innocent child? Such is the dilemma to which the inhabitants of the utopian city of Omelas are confronted in Ursula Le Guin’s philosophical short-story “The Ones Who Walk Away from Omelas”. In her parable, most people are ultimately able to come to terms with the atrocity. The few citizens who cannot end up walking away from the city — nobody knows where they go and they are never heard from again.

A reference guide to all Institute for New Economic Thinking (INET) community presentations at the Eastern Economic Association’s (EEA) 2017 annual meeting

Cryptocurrency was supposed to change the economic outlook for Black America. For many, it made things worse.

A dollar-denominated global economy means the Fed is at once the bankers bank and government bank, as well as both U.S. central bank and global central bank — managing that hybrid is the challenge of our time

Austerity has nurtured resentments that will likely make the populist right PVV the biggest winner in the March 15 election — but without the majority or the allies needed to govern

What sort of effective democratic political system does the United States want and need?

Tim O’Reilly, the founder of O’Reilly Media and author of the book, What’s the Future?, talks about how new technology can either be considered a scapegoat or a mirror and what this means for our future.