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

National security expert Sarah Chayes discusses her new book, On Corruption in America: and What Is at Stake. Chayes explores how corruption in U.S. state and society furthers and deepens inequality.

Financial Times economics commentator Martin Wolf discusses how the loss of faith and trust in government and in experts leads many to believe in anything, resulting in disunity and polarization

Renowned Harvard University professor of philosophy Michael Sandel talks about his new book and how centrist Democrat insensitivity to inequality and the ideology of meritocracy have contributed to right-wing populism, polarization, and distrust in government.

If we are to work toward a better future, we must look beyond the surface, and understand the multifaceted reality of China’s ascent in the global arena.

“Today joined by Dr Arjun Jayadev, who is a Professor of Economics at the School of Arts and Sciences at Azim Premji University in Bangalore, India. He was previously Associate Professor of Economics at the University of Massachusetts Boston. He is also closely involved with the Institute for New Economic Thinking. I speak to him about the basic links between IPRs and the pandemic; the long-held orthodoxy in economic theory on the importance of IPRs, especially in areas like health; how IPRs lead to suboptimalities like hoarding of knowledge, vaccine grabs and other global inequalities; the relationship between public funding and vaccine production; whether private profits being produced from public investments; and finally, the problem of vaccine nationalism.” — Chayakkada Chats

With the power of modern computing being harnessed into increasingly small and portable devices, what do digital platforms mean for the entrenched global economy?

Lenore Palladino explains how stock buybacks drive inequality, and why we desperately need a policy shift.

It was a mistake to accept a ‘reference price’-determination process for basic commodities led by finance

The reaction to repressive political conditions that prevailed in Brazil during the 1970s helped to produce a commitment to diversity and tolerance among Brazilian economists.

Ruskin scholar Jeffrey Spear, author of “Dreams of an English Eden: Ruskin and his Tradition in Social Criticism,” discusses how the insights of a key 19th-century thinker can help us build a new paradigm for protecting the planet – and save us from ourselves.

Every country has had a different policy response to the crisis; and within countries different political parties have championed various approaches. How has COVID-19 affected politics and social life in developed western countries?

Abigail Disney, filmmaker, founder of Peace, So Loud, and podcast host of All Ears, discusses how changes among the country’s elite, towards the “Greed is Good” ethic and a blind faith in markets have made inequality more extreme than ever and why we need a new discourse, even among progressives, that recognizes and respects the contributions of society’s poorest.

Smick argues that distortions of capitalism have fed populist rebellion, and that reviving a capitalism that offers opportunity for average people to increase their earnings is an urgent priority if America’s political economy is to be stabilized.

The shift toward applied economics in the last 40 years is usually associated with the development of computers and datasets. Yet, the success of computer-based approaches is highly selective, and what computerization failed to change in economics is equally remarkable.

The National Institute of Public Finance and Policy (NIPFP) in collaboration with the Institute of New Economic Thinking (INET) are organizing India’s first “Law Economic Policy Conference (LPEC 2016)”. The aim is to bring together economic, legal and policy thinkers together to consider policy issues in a holistic manner.

The YSI Gender and Economics Working Group will host a workshop during the pre-conference of the 27th IAFFE Annual Conference. Members of the Gender and Economics WG will also be welcomed to take part in the workshop and mentoring activities organized by IAFFE in the pre-conference.  

INET Grantee & Academic Advisor Perry Mehrling talks about his new book “Money and Empire: Charles P. Kindleberger and the Dollar System”

Why most economists did not see the 2008 crash coming

How antitrust law is ill-equipped to address tech mergers

What’s really causing inequality in opportunities and outcomes for kids?

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

We have made progress but not enough to forestall crises

Fanta Traore, the CEO of the Sadie Collective, in an ode to Alexander’s legacy, is leading the next generation of Black women economists in the pursuit of social change

“Overcoming the COVID-19 crisis and ensuring a rapid and equitable economic recovery are only two of the challenges we must meet in 2021. This year will also be a crucial one for achieving the goal of net-zero carbon dioxide emissions by mid-century.” — Project Syndicate

“The new acting Deputy Prime Minister for EU funds is called Atanas Pekanov. The young expert, who recently turned 30, is an economist at the Austrian Institute for Economic Research (WIFO) in Vienna, Austria, and a lecturer at the Vienna University of Economics and Business (WU Wien). … Member of the Young Researchers Initiative of the Institute for New Economic Thinking.” — Darik

Education innovator Jacqueline Edwards talks to Rob Johnson about how technology has the potential to bring people from less fortunate backgrounds onto an inspired path of learning that creates opportunity and portends a better future for humanity.

Rob Johnson talks to poet and scholar Ed Pavlic about how the pandemic’s physical distancing requirement forces us to reassess all of our relationships and how racism and inequality intensify the pandemic’s effects

A webinar panel discussion moderated by INET Fellow Moritz Schularick, with Laura Carvalho, Associate Professor of Economics at the University of São Paulo, Matthew C. Klein, Economics Commentator at Barron’s, and Amir Sufi, Bruce Lindsay Professor of Economics and Public Policy at the University of Chicago Booth School of Business.

Rapid private-debt growth threw Japan into crisis in 1991 and did the same to the United States and Europe in 2008. China may be next.

Servaas Storm’s INET research is featured in the Indian news magazine Frontline

Historians Naomi Oreskes (Harvard University) and Erik Conway (Caltech) talk to Rob about their just released book, The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market.

“It looks as if Joe Biden will win a very tight electoral college victory against arguably the worst president in history in the midst of a deadly pandemic and crippled economy the incumbent has bungled disastrously. How could this election even be close? ROB JOHNSON, Executive Director of the Institute for New Economic Thinking (INET), and I talk about how we got here and what it’s going to take to move forward. As long as both parties depend on Wall Street and the 1% for funding, our real challenges - climate change, restoring the middle class, healthcare, systemic racism, etc.- will never truly be dealt with.” —- Terrence McNally

“One place to look always is where’s the money? Who funds congress? Actually, there’s a very fine careful study of this by the leading scholar who deals with funding issues in politics, Thomas Ferguson. He and his colleagues did a study about a year ago a careful study in which they investigated a simple question, “what’s the correlation over the years many years between campaign funding and electability to congress?” It’s almost a straight line, it’s the kind of close correlation that you barely get in the social sciences. The greater the funding, the higher the electability. You can find a few cases here and there that aren’t right on the line, but from the standpoint of social science it’s a remarkable correlation.” — Noam Chomsky, Jacobin

Andrew Michael Spence—Nobel laureate, Professor of Economics at the NYU Stern School of Business, and Co-Chair of INET’s Commission on Global Economic Transformation—talks to Rob about how the U.S. government typically errs on the side of doing too little, too late, in response to major crises like the coronavirus pandemic. Spence and Rob compare and contrast how governments in the U.S., Europe, and Asia have responded to COVID-19.

“To save the economy, you have to save people first, is the title of a paper by Alvelda, Ferguson and Mallery of the Institute for New Economic Thinking. This work groups countries into three categories, according to the response to the covid: those that gave priority to maintaining economic life; those who focused on taking care of health first and those who wanted to be placed in the middle, but did not do either one well. The best economic results correspond to those who prioritized health. They are countries that are in Asia and Oceania, mainly. The worst are in the other two groups. Those who did not define one or the other, got the worst of both worlds: many deaths and great economic damage. What can be done? Alvelda, Ferguson, and Mallery recommend targeted subsidies by regions and sectors hardest hit; guarantee income for workers in non-essential activities and subsidize health safety measures for all those who cannot stop. This means, among other things, public money to make public transport and some massive workplaces more sanitary. Subsidize supervision / surveillance measures in spaces where many people go: shopping centers and places of religious worship, for example.” — Luis Miguel Gonzalez, El Economista (translated from Spanish)

“Pandemic management will also have to overcome the knotty issue of political economy. The blame game between the Union and state governments over an essential commodity such as oxygen is visible in court proceedings. We need a transparent mechanism that is perceived to be fair and trusted by all the stakeholders. Apart from dealing with the allocation of vaccines and other essential medical supplies such as oxygen, this body could suggest the financing pattern for sharing the expenditure on Covid management, including vaccine procurement. … Far too many lives have been lost to Covid. But as a challenge to India (and to humanity), it is certainly not an impossible task to manage the pandemic. But this can only happen effectively with cooperation, coordination, empathy, humility and scientific knowledge. It is not too late.” — Arjun Jayadev, Hindustan Times

“As consumers become richer, they spend more on services such as health and education, the demand for which is much more income elastic, and less on agriculture and manufactured goods, according to a recent study, co-led by Diego Comin, a professor of economics. The results are published in Econometrica. Until now, productivity has often been considered at least as important, if not more, than preferences, in shaping the sectoral composition of the economy. Politicians and business leaders often make claims about why certain sectors in the economy are shrinking, such as the decline in U.S. manufacturing is due to robotics or trade with China. Such assessments are flawed, as the sectoral composition of the economy is mostly driven by preferences and not by productivity, according to the study, which models long-run structural change in the economy.” — Amy Olsen, Darmouth News

“Political scientist Thomas Ferguson, an authoritative scholar on money and electoral politics, has a valuable and established political science theory called “the investment theory of politics.” He demonstrates that the U.S. is essentially controlled by coalitions of investors who come together around some mutual interest. Thus, “to participate in the political arena, you must have enough resources and private power to become part of such a coalition…. McGuire and Delahunt advance the thesis by showing it is actually worse than what others have found. Their study reveals and confirms that the top wealthiest 10 percent ultimately always win on policy — effectively showing that anyone else’s opinion outside of the top 10 percent rarely matters.” — Rajko Kolundzic, Truthout

“the vaccines developed by these companies were developed thanks wholly or partly to taxpayer money. Those vaccines essentially belong to the people — and yet the people are about to pay for them again, and with little prospect of getting as many as they need fast enough. … mounting pressure from poor countries at the W.T.O. should give the governments of rich countries leverage to negotiate with their pharmaceutical companies for cheaper drugs and vaccines worldwide. Leaning on those companies is the right thing to do in the face of a global pandemic; it is also the best way for the governments of rich countries to take care of their own populations, which in some cases experience more severe drug shortages than do people in far less affluent places.” — Achal Prabhala, Arjun Jayadev and Dean Baker

Scientists have been sounding the alarm for decades about the severe global impact that rising temperatures will have on the environment, economies, and health outcomes, and ultimately humanity’s long-term survival. With disaster after disaster stacking up, the time for action is now.

From 28-30 June the Italian Association for the History of Political Economy will be gathering in Genova to ask the question “Whatever has happened to political economy?”.  Before the start of the conference, Rethinking Economics and the YSI Philosophy of Economics Working Group will host a workshop to discuss a related question: “Whatever happened to economics?”. Professor Geoffrey Hodgson will participate in our discussion.

INET Chairman Adair Turner and Grantee Mariana Mazzucato comment on the Friends of the Earth Scotland event and a green economic transition.

If time is money, then why is it often ignored in relation to inequality and gender?

Your health shouldn’t be someone else’s wealth.

The Crime Report features Shannon Monnat’s research on opioids

Vox cites William Lazonick’s INET paper on shareholder value

“[T]he U.S. Department of Justice should determine and make clear that paying a ransom is illegal,” Hathaway said in an article posted May 13 by the Institute for New Economic Thinking. “This step would likely force organizations to further invest in their security and ability to withstand and recover from an incident (i.e., increase their resilience). Categorizing ransom payment as an illegal activity would also clearly remove coverage for these types of payments from insurance policies,” Hathaway wrote.” — Charlie Mitchell, Inside Cybersecurity

Alex Gibney, documentarian and director of Enron: The Smartest Guys in the Room, talks to Rob Johnson about the crimes perpetuated by American government and society today, including systemic racism, police brutality, and neglect of the COVID-19 pandemic.

Rob talks to social entrepreneur and activist Tolu Olubunmi about the lack of faith in government in Africa—and in the rest of the world—particularly in response to the pandemic. They also discuss global migration, climate change, and how to maintain hope in dark times.

In this episode of Economics and Beyond with Rob Johnson, Michigan Secretary of State Jocelyn Benson discusses her book The Purposeful Warrior, which explores choosing courage over fear and standing up for democracy.

War Reparations, or Prosperity

Speculation, stabilizing or destabilizing?

“A look around the world shows that so far no country has managed to effectively protect its risk groups when the number of infections is high - Sweden at the beginning of the pandemic or Switzerland in the second wave also had to pay for their special routes with many deaths. And if such a strategy fails, you have wasted valuable time and may find yourself confronted with an infection that is completely out of control. This would mean a collapse of the health system with all the ensuing consequences. This also includes immense damage to the economy. This is also confirmed by a study by the Institute for New Economic Thinking. Those who reacted belatedly or wavered between strategies not only had very high casualties, but were also the most damaging to their economies, it said. The authors cite Great Britain as a negative example.” — Klaus Wedekind

This article originally appeared on insider.co.uk

Thirty Years of Indian Economic Reforms: Assessing the Growth and Development of Kerala

The International Monetary Fund’s chief economist, Olivier Blanchard, recently asked a simple and important question: “How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?” But that raises two more questions: How much of an adjustment has Greece already made? And have its creditors given anything at all?

The pandemic has caused havoc to the world’s health and economy, worsening inequality and disparities already disrupted by geopolitical rivalry, climate change, financialization and technology. Health, wealth and self are entangled in anger over rising inequality and temperatures.

“Good intentions and bad ideas are setting up a generation for failure.”

Rob Johnson is not your average economist, and this is not your average economics podcast.

Scottish First Minister Nicola Sturgeon quoted by Bloomberg at INET’s Reawakening conference in Edinburgh

INET papers and articles related to our co-sponsored event at the University of Utah featuring conversations between Utah judges, law professors, attorneys & economists. Watch the sessions

William Lazonick’s INET research is featured in his New York Times op-ed

WNYC interviews Michael Greenberger about his INET paper on the unregulated derivatives market, and the threat it poses to the global financial system

Technology will ruin America if we don’t compensate for its impact, warns Andy Stern.

Yale Law School Fellow Stephen Roach, discusses his just-released book, Accidental Conflict. Roach explores how much of the adversarial nationalist rhetoric in both China and the USA is dangerously misguided and more a reflection of each nation’s fears and vulnerabilities than a credible assessment of the risks they face.

In this episode of Economics and Beyond, Rob Johnson and John Fullerton discuss his new book, Regenerative Economics which explores flaws in traditional economic thinking, and the need for a new framework that views the economy as a living system.

Jeffrey Sachs, Director of Columbia University’s Center for Sustainable Development and Chair of the Lancet’s COVID-19 commission, talks about the many challenges and shortcomings of US policy towards the pandemic, as well as his new book, The Ages of Globalization, and how we can get the ethical foundations of economic thinking back on track.

Harvard Kennedy School economist Dani Rodrik talks to Rob about the importance of putting debt payments by developing countries on hold in the face of the pandemic. They also discuss the state of globalization and the US-China relationship.

INET Senior Research Analyst Lynn Parramore and NYU Professor of English Jeffrey Spear talk to Rob Johnson about what Victorian art critic John Ruskin’s writings on the collective have to do with the protests that have come in the wake of the killing of George Floyd by Minneapolis police.

Professor Rebeca Gomez Betancourt explores the transformative roles of pioneering women like Charlotte Perkins Gilman and Hazel Kyrk in the field of economics.

Bringing together 150 years of data, Ellora Derenoncourt is shedding new light on our understanding of the historical roots and persistent challenges of the U.S. racial wealth gap. This new picture highlights the scale of policies needed to achieve economic equality.

To celebrate the release of our new series “What Money Can’t Buy” join Harvard University Professor Michael Sandel and INET for a live conversation exploring the role of money and morals in today’s world.

The conventional measures of economic well-being are dangerously limited, and we are seeing the resulting policy consequences play out daily.

Lynn Parramore discusses her INET article on neoliberalism and mental health with The Healthcare Policy Podcast

How do we make economic development work for everyone?

Young Scholars based in Africa are invited to convene in Harare, Zimbabwe. The event serves to strengthen the African network of new economic thinkers pursuing a new economic paradigm. Attendees will be able to attend the annual conference of the Zimbabwe Historical Association in the same trip.

Michael Greenberg’s INET working paper on derivatives regulation is featured in Salon

Jacobin Magazine’s Q&A with Tom Ferguson about his new INET paper.

Michael Greenberger says unregulated credit default swaps could take down the economy—and taxpayers—again

Few would argue that America’s fortunes rise and fall on its ability to generate technological innovations — to put bold ideas to work and then bring them to market.

In this Q-and-A, historian and National Book Award finalist Heather Ann Thompson argues that draconian police tactics in black Detroit neighborhoods had as much to do with the city’s decimation as white flight and lost jobs.

Cambridge University’s professor of American History Gary Gerstle discusses his most recent book, about how the neoliberal order came about, why it is faltering, and the indeterminacy of what comes next.

The Young Scholars Initiative is hosting its regional convening for Latin America in Mexico City from 17-21 June. 

Real News Network interviews INET Research Director Tom Ferguson about his new paper on money and the 2016 U.S. presidential election.

In a recent interview at the INET offices in New York, Anwar Shaikh provided a background to the work and his life in this quest.

Current tests for mergers are in practice deeply flawed.

Princeton economics professor Markus Brunnermeier discusses his recently released book, The Resilient Society, which argues that in crisis-prone situations societal resilience is a crucial component for averting outright disaster and outlines how we might achieve that resilience.

A dollar-denominated global economy means the Fed is at once the bankers bank and government bank, as well as both U.S. central bank and global central bank — managing that hybrid is the challenge of our time

Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort

Nobel laureate James Heckman, Sidharth Moktan and their INET-funded research on economics journals is featured in The Chronicle of Higher Education.

Gisele Huff, education policy specialist and president of the Gerald Huff Fund for Humanity, along with john a. powell, director of UC Berkeley’s Othering & Belonging Institute, talk about the motivations and process behind the soon-to-be-released report, “Convening on Automation, Opportunity, and Belonging: Vision and Foundations for a Better Society.”

Research by Thomas Piketty, partly funded by the Institute, shows that wealth and income gaps in China are now larger than Europe’s, and approaching those of the US

While waiting for TALF

“Executives have an interest in getting the stock price up and price gouging customers is one way they can do this,” said William Lazonick, professor emeritus of economics at University of Massachusetts and co-founder of the Academic-Industry Research Network. While many drug companies argue that they use their vast profits to fund ongoing pharmaceutical innovation, Lazonick said, “we’ve shown that most of these companies don’t do that.” Instead, the soaring prices fuel soaring stock prices and executive pay, which is often based largely on that price.” — INET Grantee William Lazonick

Rob talks to Adair Turner—member of the House of Lords, former Chairman of the British Financial Services Authority, and member of INET’s Commission on Global Economic Transformation—about how the COVID-19 economic crash compares to the post-2008 recession: namely, how to deal with a crisis of supply in addition to aggregate demand.

Individual EU member states ought to issue perpetual bonds

The twin threats of right-wing populism and unencumbered financial capitalism pose a crisis for democracy across the world, argues Robert Kuttner in his new book, Can Democracy Survive Global Capitalism?