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Institute for New Economic Thinking grantees Christian Belabed and Thomas Theobald and their co-authors have revived this old theory as a hypothesis to explain the apparent statistical link between rising income inequality and current account deficits.

This research project seeks to develop a theory of how bubbles and crashes can arise even when all agents are rational, informed, and trading in perfect markets.

Institute for New Economic Thinking at Oxford researcher Max Roser recently collaborated with world famous Swedish statistical showman Hans Rosling on the upcoming documentary ‘Don’t Panic: How To End Poverty In 15 Years’.

The Institute will host the Winter School on Law and Finance at Columbia University’s Global Center in Paris on January 6-9, 2014.

How once-promising Black upward mobility reversed course, and what can be done about it

The Cyclically Adjusted Budget (CAB) is the estimated size of the public budget at some previously defined level of output which may represent the ‘normal’ output or a policy target and that usually is considered to be unaffected by business fluctuations or cycles. Such an estimate is supposed to isolate the automatic movements of revenues and expenditures, given the current structure of tax and transfers, from discretionary fiscal interventions and indicate the “impact” and sustainability of fiscal action.

Unpacking the relationship between exploitation and group identity, Folbre offers a nuanced perspective on societal structures, and the pressing need for cooperative strategies to address global crises. Her insights pave the way for a more equitable and sustainable future in this illuminating discussion on intersectionality, political economy, and social justice.

Research on labor market experience does not explain the link between the volatility low-wage workers encounter and their earnings and it leaves open numerous pressing questions, such as what, if anything, can be done to reduce racial and ethnic differences in economic well-being.

Decades before it caught on with other economists, Sadie Alexander was the first economist to recommend a government jobs guarantee in the US

Behind bogus promises of job creation and economic growth lies a dangerous agenda to shred social safety nets.

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

The Chicago School has long used bankrupt assumptions to strangle antitrust policy

This research project examines how the spatial pattern of inequality in US cities shapes the provision of public transit and more broadly the prospects for a more equitable and sustainable transportation policy.

Joseph Stiglitz, noted economist, Nobel Laureate and Institute advisor, had a letter published in the Financial Times yesterday. In it, he noted the need for new ways of thinking about economics, and how this can be achieved.