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what is economically correct must always be balanced with what is morally right.

Chaired by Nobel laureates Joseph Stiglitz and Michael Spence, INET has assembled a global team of leaders and scholars calling for new thinking & new rules for the world economy

Contrary to conventional wisdom, government stimulus can improve the health of the economy for years after, without inflationary side effects 

First ECB, then EFSF

Where will today’s innovation come from?

How can the state manage its central role in the innovation economy if the state itself has become an instrument for facilitating corporate predation?

Being the smartest guys in the room doesn’t prevent you from making bad decisions.

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

“It’s interesting he [Josephus Daniels] may not have been the most die-hard racist, but he just saw that racism is how you win elections. I think we see echoes of that today. I think it’s also notable to recall that this is the only successful insurrection on U.S soil in U.S history. People started finding out a little bit about it when the capital siege occurred because people started asking, “has an insurrection ever happened?” Actually the answer is yes, and it would be Wilmington. It’s the only time this has ever happened to a municipal government and it was the state that allowed this to happen, allowed these militias to run amok. It was the state that was really responsible at the end of the day for this violence. And there have never been any reparations of any kind even though there are people living in Wilmington today who can who can say, “my ancestor owned this plot of land that was taken.” They’ve never had any reparations. If it was a white person that could prove that, I think we would be talking about justice. But it mirrors the Tulsa situation, it was the success of black people that was the problem. Not this idea of inferiority which had been the racial mythology. it was actually the fact that black people had persevered and were very successful even in the face of all of this oppression.” ….It’s just happened time and time again in Wilmington, Tulsa, Detroit, elsewhere, that the American dream has just been incredibly elusive for black Americans through absolutely no fault of their own. What I think is pretty clearly structural racism.”— Lynn Parramore

Have economists fallen in love with an idealized vision of an economy in which rational individuals interact in perfect markets? To what extent is standard microeconomics responsible for this state of affairs?

Nobel laureate Joseph Stiglitz, Mayor of Newark Ras Baraka, CEO of the Campaign for Black Male Achievement Shawn Dove, Pulitzer-prize winning author Heather Ann Thompson and more discuss race and inequality in Trump’s America Friday, April 20th 5-7pm.

Canadian investment manager and Levy Institute fellow Marshall Auerback surveys the current political and economic landscape, from the pandemic bailouts to climate change and the changing role of politicians

“Anyone with a pulse knows that in the US today the system is rigged in favour of the wealthy and powerful. One particularly illuminating paper published this month by the Institute for New Economic Thinking quantifies the problem. Building on a persuasive 2014 data set, it shows that when opinion shifts among the wealthiest top 10 per cent of the US population, changes in policy become far more likely. Using AI and machine learning, INET academics Shawn McGuire and Charles Delahunt delved deep into the data. They found that considering the opinions of anyone outside that top 10 per cent was a far less accurate predictor of what happened to government policy. The numbers showed that: “not only do ordinary citizens not have uniquely substantial power over policy decisions; they have little or no independent influence on policy at all”.” — Rana Foroohar, The Financial Times

On behalf of the Host Committee, we are writing to offer some further information about the “Gala Dinner”, which will take place on the evening of 19 July, following the final session of the 2017 ECINEQ Conference. The dinner will be held at a restaurant near the conference venue.