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Welfare economists and moral philosophers have shown that the Consumer Welfare Standard is biased in favor of wealthy individuals and corporations—the very powers the antitrust law is supposed to regulate.

The INET community mourns Harcourt’s passing

Financial industry donations to members of Congress lead to the adoption of pro-bank policies

Salaries in the U.S. aren’t keeping up with inflation, despite pandemic-related increases in some sectors. That’s a major threat to the future for all working Americans – especially the youngest.

The optimism embedded in the efficient market hypothesis has been one of the main sources of the recent turmoil

The argument that free trade is always the correct policy is based on a flawed welfare analysis. Free trade results in winners and losers and economists are not competent to analyze the impact on well-being as a whole or the spillover social consequences of the discontent of the losers.

Having lunch next to Edward Fullbrook he told me the story of how the post-autistic economic review got its start, leading to what we today know as the World Economic Association and all the great work coming from this community.

Mark Thoma offers a thorough, nuanced take on Roman Frydman’s theory of Imperfect Knowledge Economics (IKE) and George Soros’s ideas on the inability of people to predict the outcomes of financial and social change, which Soros calls “fallibility” and “reflexivity.”

Eric Laursen, author of The People’s Pension, explains to INET’s Lynn Parramore what’s at stake for Americans in a year of sneak attacks and misinformation.

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

As part of an International Economy symposium, INET Research Director Tom Ferguson assessed the challenge facing central bankers through the lens of the missing virtues of Dorothy’s travel companions in the Wizard of Oz

One country poses an existential threat to Europe – and it is not Greece, Italy or Spain.

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.

Cowdery brings his expertise in business, foundations, and publishing to INET