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Should China internationalize the RMB? Will it take the lead on sustainable development? Can it maintain growth and productivity?

This blog interprets and presents critical commentary on the textbook “Microeconomic Theory” by Andreu Mas-Colell, Michael Whinston and Jerry Green, which is widely used in Ph.D. programs in economics around the world. The blog initially accompanies the course at the New School For Social Research entitled Advanced Microeconomics I (Fall of 2012, taught by Prof. Sanjay Reddy, with Raphaele Chappe as teaching assistant) and, as such, focuses on particular parts of the textbook which are used in that course. We welcome comments and contributions from interested persons anywhere.

The Arab Spring has been a fundamental event in the Arab world and yet among Middle East scholars, there is great intellectual and analytical debate about the degree of political change or continuity that the Arab Spring had produced. As reverberations of the global economic crisis have continued and the international rules of the game have fundamentally remained unchanged, the demand on post-Arab Spring governments to change policy course is high.

If Italy or the European Union have to step in to save banks, there’s no reason for them to have to do it for free

The advent of military Keynesianism is a warning against complacency about the moral superiority of the West in defending Ukrainian democracy.

In light of the growing concerns over the coronavirus, we have decided to postpone the INET Plenary to October 13-15, 2020 (originally slated for April 13-15, 2020)

I thought I was on to an inside reference when re-reading the General Theory when Keynes calls Marx, Edgeworth and others simply by name, but refers to “Professor Pigou” in several instances.

Can the Economy be Saved? The Los Angeles Times recently asked a number of economic experts about whether they thought the post-financial crisis economy can be saved, and if so, how.

Many studies of the effect of climate change on GDP seriously mislead the research community, policymakers, and the general public.

Doing Capitalism in the Innovative Economy

I always think of Adam Smith when I hear the term ‘division of labour’ - but I’m being cured of this by reading a bit more about Britains late 18th century in Jenny Uglow’s The Lunar Men.

Gudrun Johnsen on Iceland, “womenomics”, and Finance & Society

The refrain for some time now has been that the economy will decide the upcoming U.S. election. But Joe Stiglitz offers some much needed focus to this discussion.