5810 Results for “ https://www.galaxus.ch/en/sector/showdiscussion/snap-hack-online-visit-kunghaccom-d2d1mo9k-226342”

“Moreover, too little government spending can increase company bankruptcies and lead to less investment in research and development, hurting the supply side of our economies — potentially exacerbating inflationary pressures. The EU has gone through a decade of demand stagnation, performing well below its productive potential. Inflationary forces of the 1970s are no longer intact, not least because of declining labour bargaining power, changing demographics, high inequality and private debt overhang. Without concerted fiscal expansion to scale-up investment and protect the vulnerable, aggregate demand will remain low and standards of living will stagnate. Instead of fetishising fiscal discipline, we should prioritise more important social, economic and environmental outcomes — like creating well-paid green jobs, lifting millions out of poverty and implementing green infrastructure projects.” — From Frank van Lerven and others, Financial Times

Eileen Appelbaum, co-director of the Center for Economic and Policy Research, and Rosemary Batt of Cornell University, talk about an INET-supported study on the dramatic impact that private equity funds are having on everyone’s medical bills and on the healthcare industry as a whole

In the second of a two-part interview, Rob Johnson talks to author, activist, and former Black Panther Party chairwoman Elaine Brown about her music, her housing work and entrepreneurship in Oakland, CA, and the political moment.

Why is the History of Economic Thought important?

How have the macroeconomic problems in the US blinded many participants and observers to the actual state of the American economy as the election approaches?

The geopolitical showdown between the United States and China is both inevitable, and avoidable.

New Consensus president Saikat Chakrabarti talks about what Biden can do, even without Congress, to make a real difference in the lives of ordinary Americans

Activist and poet John Sinclair and Rob Johnson discuss the early days of the counterculture, Sinclair’s role in MC5, and the transformation of music from art to commodity when the music industry’s commercial power blossomed in the early 1970s.

Ajay Chhibber, Distinguished Visiting Scholar at the Institute of International Economic Policy, George Washington University, and India’s first Director General of Independent Evaluation with the status of Minister of State in 2013-14, discusses his co-authored book, Unshackling India, about what needs to happen for India’s economy to take off.

Morale hazard can turn into a darker ‘moral’ hazard

“Last year, Weil and his former top adviser, Tanya Goldman, spoke with Law360 about their “concentric circles” model, laid out in a recent working paper published by the Institute for New Economic Thinking. They propose a three-tiered system that starts with a set of core rights linked to all types of work, like basic protections against unsafe conditions, discrimination and harassment, and nonpayment. The second tier of rights includes things like collective bargaining, and access to workers’ compensation and unemployment insurance, which businesses would have to provide unless they could affirmatively prove that their workers aren’t employees. The outermost tier of rights seeks to make benefits portable for workers facing uncertainty.” — Mike LaSusa, Law 360

Robert Pollin challenges the myth that climate action hurts working people—and explains why a just transition must be at the heart of a global Green New Deal.

We need a new approach to research—one rooted in trust, lived experience, and the stories data often overlooks.

Access to finance was supposed to reduce inequality, and make us all better off. Why hasn’t that happened?

New INET Governing Board Member Announcement

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

Rob talks to Benjamin Grant, the founder of Overview, a company that utilizes satellite and aerial photography to study the impact of humanity on the planet and how the planet affects humanity. They discuss the ways that the pandemic is affecting Earth as a whole—from CO2 emissions to water quality—and how humanity can work together as a global commons.

“INET has supported a lot of brilliant academic work in areas such as Imperfect Knowledge Economics, financial regulation, human development, and environmental economics. Such research has helped to discredit the ideas – such as “perfect” competition, “efficient” markets, and “rational” expectations – that formed the ideological foundations for laissez-faire microeconomics, monetarist central banking, and irrational pre-Keynesian fiscal policy, especially in Europe. As such, it has done as much as INET’s other work – including policy research, academic community-building, and deepening collaboration with the International Monetary Fund, the OECD, and other official institutions – to end market fundamentalism’s intellectual monopoly.” — Anatole Kaletsky, Project Syndicate

Engaging in music, literature and the arts is essential for understanding context and human behavior—which economists so often miss

It wasn’t Comey or the Russians. Trump prevailed because his campaign carefully targeted key states with late infusions of big money from private equity, casinos, and other far right contributors, a remarkable wave of donations from small donors, and substantial infusions from the candidate himself.

FT columnist and associate editor Rana Foroohar discusses how the disruptions and excessive complexity of digital markets are benefitting the powerful and why we need clear new values and ground rules for these markets as we enter the post-pandemic landscape.

Private equity’s stake in health care increased rapidly in recent years, reaching a record of 855 deals valued at $100 billion in 2018, according to a March 2020 study published by the Institute for New Economic Thinking, a nonprofit think tank based in New York City. — Janet Colwell, ACP Hospitalist

Executive Director of Working America, Matt Morrison, talks about the political and economic factors that originally helped Trump succeed and how Democrats can build on their 2020 victory

Steve Clemons, Editor at Large at The Hill, talks about how the Democrats’ focus on neoliberal globalization opened the door for Trump’s election and that only bold new policies that address inequality and structural change can address.

Dr. Henry Ponder, former President of Talladega College, Benedict College, and Fisk University, talks to Rob about the responsibility of leaders and the future of American universities after the pandemic.

Automatic enrollment in retirement plans is a game-changer, but it also brings unexpected consequences.

Kenneth Cukier, senior editor at The Economist and co-author of the book Framers, talks about how mental models, or frames, enable humanity to find the best way through a forest of looming problems.

Ronald Coase, who passed away last week at age 102, spent his academic career swimming against the current.

A gap between theory and reality has haunted economists.

What happens when we fuse, for the first time, artificially intelligent agents into either our market or political structures?

Author and Distinguished Senior Fellow of the Democracy Collaborative, Marjorie Kelly, talks about her recently released book, Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises (Berrett-Kohler, September 2023), which also outlines a vision for democratizing the economy so that it serves the broader public good.

The economy is not gender neutral, but actually relies on gender imbalances to function and grow.

Generosity or greed? The roots and fruits of venture capital might not be what you have been led to believe.

“Ransomware demands have increased exponentially in the last six months, according to Melissa Hathaway, president of Hathaway Global Strategies and a former cybersecurity adviser to Presidents George W. Bush and Barack Obama. The average ransom demand is now between $50 million and $70 million, Hathaway said. While those demands are often negotiated down, she said companies are frequently paying ransoms in the tens of millions of dollars, in part because cyber insurance policies cover some or all of the cost. She estimated that the average payment is between $10 million and $15 million.” — Kartikay Mehrotra and William Turton, Bloomberg

“Researchers involved in a new study from Washington University say women could be in trouble financially for years to come because of significant job losses during the crisis. “We have to be somewhat concerned that the larger inequality effects of the current crisis could have these persistent impacts on wages and on career progress in all the groups that are disproportionately affected,” said Steven Fazzari, a professor of economics and sociology at Wash U who co-authored the study.” — Andrea Y. Henderson, St. Louis Public Radio NPR

Rob talks to activist and author Naomi Klein and to documentarian Avi Lewis about how the pandemic has spurred the “shock doctrine”: the sudden imposition of neoliberalism and austerity in response to a crisis. They also discuss the possibilities of a new international solidarity around a global Green New Deal.

William Spriggs, the AFL-CIO’s chief economist, talks about the inadequacies of the pandemic economic rescue package and how mainstream economic theory continues to fail everyone, but especially Blacks

Alan Light, veteran music journalist and host of “In The Light” on SiriusXM, talks to Rob Johnson about the social and political role of music and its relationship to youth culture over time. Light and Rob discuss how the silo-ization of music subcultures has faded in the streaming era, and how social media influencers are challenging musicians for the central place in youth culture.

McCloskey discusses her career, critiques of economics, and offers advice for young economists.

How should the Eurozone handle unemployment and other immediate hurdles?

Philosopher, author, and activist Dr. Cornel West talks to Rob Johnson about what the Christian concept of love can offer during a pandemic. They also discuss financialization, militarization, and the commodification of religion.

From tax loopholes to high-risk speculation, Vanguard’s founder reflects on the state of Wall Street and the change needed to make finance work for ordinary people.

The best ideas may never make it to the patent office.

How Women Are Forced to Conform to the Research Habits and Interests of Men

The work of feminist thinkers helps illuminate why billionaires seek to solve problems on Earth by blasting into space.

Advancements in automation and artificial intelligence are quickly reaching tipping points, yet our policies, institutions and mindsets are woefully outdated. What will work look like in the future, and how do we secure a future that works for all?

Leah Hunt-Hendrix and Astra Taylor talk to Rob about their recently released book, Solidarity: The Past, Present, and Future of a World-Changing Idea. The wide-ranging conversation covers the importance of solidarity in addressing the current crises of economic inequality, climate change, and democracy, emphasizing the need for collective action and social movements to bring about change, as well as the role of education and the arts in fostering a sense of community and shared identity.

“We need to look at the early warning systems in place and aspire to attain food security.”

Are there aspects of modern technology, made possible by unprecedented computing power and connectivity, that make them distinctively different from previous eras? If so, what are the implications?

Do temporary economic shocks like the COVID-19 recession create lasting effects on the economy?

Climate change is already here, and we are on a path towards catastrophic global warming. Governments have failed to curb carbon emissions, and fossil fuel production continues to increase. This is not merely a political failure; it is also a failure of economic analysis.

Young Scholars based in Latin America are invited to convene in Buenos Aires. The event serves to strengthen the Latin American network of new economic thinkers pursuing a new economic paradigm. Attendees will be able to enjoy several partner events during the same week.

Lower Income Towns in New Hampshire Voted Heavily for Sanders; Richer Towns Did the Opposite.

You have the power to reframe and reimagine the 21st century.

“Right after the CDC made this announcement, the president of the American Federation of Teachers, Randi Weingarten, sent a letter to the Biden administration, citing a study by the Institute for Economic Thinking. … The authors of the study are Dr. Deepti Gurdasani, who did much of the research for the study and is a clinical epidemiologist and statistical geneticist and senior lecturer at the William Harvey Research Institute in London; Dr. Phillip Alveldi, CEO and chairman of Brain Works Foundry Inc, a U.S.-based developer of artificial intelligence-enhanced health care technologies and services; and Thomas Ferguson, the director of research projects for the Institute for New Economic Thinking.” — Dennis Donohue, Santa Fe New Mexican

“in addition to the author’s interpretations, there will also be a considerable list of texts and contributions that can be useful for approaching and deepening the economic debate and the developments of the alternative and post-Keynesian theoretical approach, even in its various currents. . The not obvious presence in the public debate of these topics makes the book an important reading in order to interpret the recent economic history of our country starting from the questions that the crisis triggered by the outbreak of the pandemic and the recipes prepared by the European and national institutions pose us. , of which however no shadow is seen in political decisions, having an interpretative key that escapes the mainstream logic is, even more so in this context, of crucial importance.” — Davide Romaniello, Sinistrainrete

This research project incorporates recent US data to update empirical analyses of regional growth and utilizes case study strategies of American regions to investigate the underlying causal mechanisms of inequality.

“Some authors argue that the German export success has nothing to do with wage or unit labour cost moderation and is instead due to the country’s high non-price competitiveness.” — Lucio Baccaro and Tobias Tober, LSE

Lance Taylor, Emeritus Professor of Economics at The New School for Social Research, delivers the annual Heilbroner Memorial Lecture on the Future of Capitalism.

The main point of this paper is that loanable funds macroeconomic models with their “natural” interest rate don’t fit with modern institutions and data. Before getting into the numbers, it makes sense to describe the models and how to think about macroeconomics in the first place.

INET is very happy to congratulate this year’s winners of the Nobel Prize in Economics: Daron Acemoglu, Simon Johnson, and James Robinson.

Many Americans have expressed outrage over Pfizer’s plan, through its merger with Allergan, to move its tax home from the United States to Ireland. Now, in a New York Times op-ed, Carl Icahn, the billionaire corporate raider turned hedge fund activist, has joined the chorus. He labels the Pfizer-Allergan deal a “travesty,” blaming the U.S.’s “uncompetitive international tax system.”

In June of this year, Swiss voters saw an initiative on their ballots calling for an “unconditional basic income” that would “allow the whole population to lead a decent life and participate in public life.” Put on the ballot by a petition drive after it was rejected in parliament, the initiative was rejected by 77 percent of Swiss voters, with 23 percent approving.

“Pressley’s resolution builds upon the academic intellectual framework developed by advocates like Dantas and Wray, as well as the ongoing civil rights demand for federally guaranteed jobs, which can be seen in the 1963 March on Washington for Jobs and Freedom (where the Rev. Dr. Martin Luther King, Jr. gave his “I have a dream” speech) and indeed long before that. It also draws on the work of Sadie Alexander, recognized as the nation’s first Black woman economist. Speaking at Florida Agricultural and Mechanical College in 1945 (as noted by Professor Nina Banks, blogging at the Institute for New Economic Thinking), Alexander described full employment as a way to address the nation’s economic and racial imperatives.” — Marin Levine, Nonprofit Quarterly

Recent rulings are rolling back federal regulatory authority, echoing past constitutional battles over administrative governance.

Why are life-saving drugs so expensive—especially when taxpayers already fund much of the science behind them?

Human societies have always coevolved with technology, but how can we think of technology? Is it an external force outside our control, or do we have a say in its direction, development and deployment?

Stuck in a fog of misleading narratives, most of us don’t see the true extent of COVID’s persisting—and intensifying—threats. INET’s Lynn Parramore talks to Dr. Phillip Alvelda about the dangers we’re missing and the failures of public health agencies to inform and protect us. *This is Part 1 of a two-part interview.

Journalist Steven Brill discusses how the U.S. lost sight of the common good

Dive into the complexity of inflation and its impacts from a heterodox perspective, exploring its historical journey, social implications, and potential remedies.

Fred Ledley, professor at Bentley University and co-author of an INET-funded research paper on pharma research funding, discusses the research and how US taxpayers might get more social benefit out of the initial investment they put into all new pharmaceuticals released over the past decade

Jeremy Lent, founder of founder of the Liology Institute and author of The Patterning Instinct, talks to Rob about how values shape our economics and our reaction to the pandemic, and how the pandemic could, in turn, provoke a shift in values in favor of community and against neoliberalism.

Matt Stoller, Research Director at the American Economic Liberties Project and author of the book, Goliath: The Hundred Year War Between Monopoly Power and Democracy, talks with Rob about how the pandemic is affecting the power of monopolies in our politics and economics, and the paths forward as supply chain issues are laid bare.

Beatrice Cherrier remembers Tony Atkinson’s influential intellectual, educational and institutional contribution to the field of public economics

Mortality and economic data show how constraints to government spending and a skepticism of redistributive policies have made the pandemic far worse

If there is no universally accepted outside authority to tell us how to judge theories then knowledge is only going to progress by means of debate

Jamee Moudud discusses the circular relationship of law, politics, and economics.

If we’re going to address environmental catastrophe, we need to support each other on a global scale. Rob Johnson checks in with Adair Turner about his work, and practical solutions to address the climate crisis.

A lot has changed since our taxes and benefits were designed, and the consequences of delaying reform are rising.

Camilla Toulmin, former director and associate of the International Institute for Environment and Development, talks to Rob about the role of civil society and education in African development.

Michael Sandel and Joe Stiglitz discuss why selling votes is bad for democracy, and how individual self-interest doesn’t always serve the public good

Is America facing a retirement crisis?

Comments on “German Wage Moderation and the Eurozone Crisis: A Critical Analysis” by Servaas Storm

INET Oxford’s Brian Nolan writes on his new book for VoxEU

Lance Taylor provides a second and final response to Andrew Smithers’ criticism of his working paper on the role of the “Global Savings Glut”

Adam Tooze discusses his new book with Rob Johnson

“How talented is the right? Maybe not so much. The late Yale political scientist Charles Lindblom, author of the 1977 book Politics and Markets (and onetime American Political Science Association president), would have told Giridharadas that in a capitalist economy, business elites enjoy a “privileged” position. This position does not always align with party, but it alters the field of play. Lindblom’s position is backed by others. Thomas Ferguson wrote about the investment theory of politics in 1990s. In the past decade, Ben Page of Northwestern has covered similar ground.” — Steve Dubb, Nonprofit Quarterly

“The Biden administration must put a high enough price on carbon pollution to encourage the scale and urgency of action needed to meet the commitments it has made to Americans and the rest of the world. The future of our planet depends on it” — Nicholas Stern & Joseph Stiglitz, Project Syndicate

Nobel laureate economist and Professor at Columbia University Joseph Stiglitz talks to Rob (his former graduate student in the Princeton Econ Department and member of the 2009 UN Stiglitz Commission) about what the pandemic has revealed about the U.S. economy’s shortcomings, and how a proper response to other crises—like climate change—could actually stimulate economic growth and innovation.

Roman Frydman, Professor of Economics at NYU and Chair of the Knightian Uncertainty Economics Program at INET, talks to Rob about how behavioral economists model uncertainty and his critique of the rational expectations hypothesis. Frydman also discusses the work and legacy of the late University of Chicago economist Frank Knight, whose students included Milton Friedman and James Buchanan.

Turner discusses The Economist’s Society the liquidity risks posed by Exchange Traded Funds.

Saving the (International) Dollar

Adair Turner talks about his new book, Between Debt & the Devil: Money, Credit, and Fixing Global Finance with Martin Wolf of the Financial Times in a free, public discussion.

There is not one opioid crisis in America—there are many. And supply-focused measures won’t stop them.

Can big data strengthen global inclusivity and trust?

INET’s Research Director Thomas Ferguson talks to Rob Johnson about the many ways in which money corrupts our politics, contributes to ever-greater inequality, and what can be done about it

Margaret Heffernan, a writer and former CEO, talks to Rob about her latest book, Uncharted: How to Map the Future Together, on the art of thinking about the future in the context of uncertainty