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In “The Ambivalence of Scarcity” which is my contribution to L’Enfer des choses. René Girard et la logique de l’économie, written by Jean-Pierre Dupuy and originally published in French in 1978, I attempt to apply mimetic theory to modern economics and to economicphenomena, and also to explain why economic issues and economics as a discipline occupy such an important place in the modern world.

Theoretical dogmas that are literally blind to the causes of the racism that determines the economic fates of most African-Americans leaves the economics profession unable to comprehend or recognize remedies for a key driver of America’s crippling inequality. Instead, conventional economic models unmindfully shape policies that actually exacerbate racial conflict.

The INET YSI Financial Stability working group (WG) is organising a workshop as part of the Rethinking Finance Conference in Oslo at the Norwegian Business School BI on April 14th, 2018.

The TPP is dead, as is the assumption that future free-trade agreements can be negotiated by experts alone

Tony Atkinson’s new book points the way forward.

From the Archives: In the wake of the Bear Stearns bailout in 2008, INET Research Director Tom Ferguson and President Rob Johnson say taxpayers rescuing banks are owed their due: “If the public is going to pay for [bailouts]… it should also get paid back for them.”

Beneath the heated political rhetoric over U.S.-China economic ties lies an increasingly complex reality

Economist James K. Galbraith warns that ‘unrealistic expectations’ by Athens’ creditors is a recipe for turmoil

Recovery from recessions takes longer than it has in the past.

Cecilia Nahon, Argentina’s Ambassador to Washington, DC., discusses the issues plaguing the Argentine government in it’s attempts to conclude debt restructuring.

The White House cited Ledley’s INET working paper on the NIH’s seed funding of FDA approved pharmaceuticals in their fact sheet on new actions to lower health care and prescription drug costs.

This paper examines the relationship between placement of publications in Top Five (T5) journals and receipt of tenure in academic economics departments.

As the financial economy has expanded beginning in the mid-1980s, it has done so in part by selling more products to individuals and households.

This paper presents a theory of pseudo-wealth in a model that displays aggregate demand externalities.

We analyse the link between income distribution and the current account for the period 1972-2007. We find that rising (top-end) personal inequality leads to a decrease of the current account, ceteris paribus.