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The Eurocrisis has many dimensions—bank solvency crisis, sovereign debt crisis, political unity crisis, and economic/unemployment crisis—but time after time it has been the liquidity crisis dimension driving events, and ECB response to the liquidity crisis driving institutional evolution. The reason is simple. Liquidity kills you quick.

Bailout, Default, or Plan C

The Consumer Welfare Standard of antitrust is outdated and defective

We know about emergency lending, but what we are missing is the macroeconomic framework to guide a new rule for stabilization policy

The path to sustainable and just climate transition globally cannot happen without meaningful actions and cooperation between the US and China – the world’s largest economies and carbon emitters. What can we expect from US-China climate relations?

This paper describes the broad evolution of inequality in the world economy over the past four decades, and provides a summary account of the relationship between inequality, economic development, political regimes and the functional distribution of income.

The current economic and financial crisis, and it is both, has already imposed great costs on the global economy. Nor is there any guarantee that we have seen the worst and that recovery is now assured.

But not by him

The International Human Dimensions Programme on Global Environmental Change (IHDP) recently published the Inclusive Wealth Report 2012, in which the authors propose a measure of wealth based on the stock of capital present in a country, as opposed to the flow measure of GDP.

This study group aims to reflect on international economic growth, sustainable development and the evolution of economic thinking around capitalism and enterprise through the analysis of a selected multidisciplinary bibliography.

Subcommittee hearing: When Health Care Becomes Wealth Care: How Corporate Greed Puts Patient Care and Health Workers at Risk

Will the “Celtic Tiger” re-emerge or is Ireland’s recovery stunted by austerity programs?

We can change who we are. We can improve ourselves in various ways, and we can give ourselves possibilities to grow intellectually.

In a recent column in the Huffington Post, INET advisory board member Jeffrey Sachs made the case that the economic debate in Washington has become “stale” and politicized - and needs to be reframed. This is poignantly relevant to INET, as we begin to make headway on helping to create a new economic paradigm.