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Inequality isn’t driven by taxes—it’s driven by the power of capital in relation to workers

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

The Institute have organized a Workshop on “Interlinkages and Systemic Risk” in Ancona, Italy that will take place on July 4th and 5th.

A New Glass-Steagall?

School re-opening push based on outdated science is poorly timed in face of coronavirus resurgence

Policies based on faith in the “market” as a principle of social organization have wrought havoc with a founding principle of American democracy

Why did so many Dutch voters vote for the far-right Geert Wilders?

A Money View

On George Akerlof’s “The Market for Lemons”

State-issued digital money may avoid some pitfalls of cryptocurrency, but it’s no financial panacea

ProMarket’s new “Addendum to Retraction,” written it appears in response to our recent INET post, doubles down on its critique of our piece which showed that it is feasible for increased output to lead to reduced welfare. The ProMarket addendum is notable for its economic errors.*

In our two papers, we analyze how changes in personal and functional (wages versus profits) income distribution interact to produce different macroeconomic outcomes in different countries. On the basis of a stock-flow consistent model calibrated for the United States, Germany, and China, simulations suggest that a substantial part of the increase in household debt and the decrease in the current account in the United States since the early 1980s can be explained by the interplay of rising (top-end) household income inequality and certain institutions (e.g. easy access to credit, privately financed education and health care systems).

A recent policy brief by Blanchard (2016), based on an earlier paper (Blanchard, Cerutti, Summers 2015) raises a number of interesting points concerning the NAIRU and the Phillips Curve, which are further discussed in the comment on the paper by Ball (2015).

Despite post-2008 regulations, the boom-bust credit cycle continues to run wild

I am late to the party on the inventive use of copper by Chinese companies seeking alternative sources of funds.