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

Without new economic thinking, macro policy will retain its deflationary biases and secular stagnation remains the ‘normal’.

What we’re reading: Recent statements from the IMF and the OECD highlight a growing call for new economic policy thinking in response to the specter of long-term stagnation

Orthodox macroeconomics has become a place where visions die and hopes are banished, for both liberals and conservatives.

Servaas Storm’s commentary on the papers presented at the secular stagnation conference.

Ekaterina Cleary, Matthew Jackson and Fred Ledley’s INET research on government innovation in pharmaceuticals was cited in The American Prospect

Jacobin Magazine features research from INET Research Director Tom Ferguson and co-authors on big business support for Donald Trump in the 2016 campaign.

Zephyr Teachout and Morris Pearl cite Michael Greenberger’s INET paper in an op-ed in the Albany Times Union

The social and medical sciences depend on randomised control trials – though they face more assumptions and biases than commonly thought.

Central bank money is still accounted for as debt, a legacy of an earlier monetary order. Treating sovereign money as equity would clarify central bank balance sheets, strengthen institutional transparency, and better prepare monetary systems for future digital-era design choices.

A conversation with Richard Vague, Managing Partner at Gabriel Investments and Chairman of the Governor’s Woods Foundation.

One thing is now certain about the upcoming presidential election in the United States: the next president will not be a committed free trader.

“The former ambassadors were speaking on a panel discussion at the law economics policy conference titled “Strategic Patience and flexible policies: How India can rise to the China challenge” and organized by INET.” — BQ Desk, Bloomberg Quint

U.S. GDP accounting underestimates intangible capital, overstates financial capital, and is all but oblivious to the erosion of human and social capital.

Neoclassical economics dismisses the role of money and the state in the economy. Keynes scholar Robert Skidlesky says it’s time for a re-evaluation.

“Well, 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 and politics, Thomas Ferguson. He and his colleagues did a study in which they investigated a simple question: “What’s the correlation over many years between campaign funding and electability to Congress?” The correlation is almost a straight line. That’s the kind of close correlation that you rarely get in the social sciences: greater the funding, higher the electability.” — Noam Chomsky in an interview with Jacobin

“The issue is important because it tends to conflict with a hugely influential study published in 2017, called The Rate of Return on Everything, by Oscar Jorda, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick, and Alan M. Taylor. This was a mightily ambitious piece of financial archaeology covering 17 countries, and it rendered the startling result that housing performed virtually as well as equities over time, but with much less volatility. The result held true for every country that Jorda and his colleagues examined.” — John Authers, Bloomberg

“And what if there is a stock buyback during the period the share price is inflated? Does that harm shareholders because the company is spending money to repurchase its stock, or does it actually further benefit them by potentially raising earnings per share (EPS)?” … Citation: William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost and How It Can Be Regained, 36 Seattle U. L. Rev. 857, 859 (2013) (noting that trillions of dollars are spent on share buybacks and that “corporate executives who make these decisions are themselves prime beneficiaries of this focus on rising stock prices as a the measure of corporate performance”)

After the Thirty Year’s War, Europeans turned to rationalism and ushered in the Scientific Revolution. Talking to Rob, Andrew Sheng, Director of the George Town Institute of Open and Advanced Studies in Penang, says that the pandemic could do the same, as experts and scientists recapture lost esteem. But it would be a different science, which focuses more on the interconnectedness of everything.

“But to my surprise, The Atlantic article explained that MIT economist Peter Temin, in his book “The Vanishing Middle Class: Prejudice and Power in a Dual Economy,” not only delved into the contributing factors to poverty and economic inequality, he offered systemic solutions. This approach made the piece a must-read for me because at Gainesville for All, we’re all about finding systemic solutions to problems linked to race and poverty. Temin offered five proposals he believes can help tip the scales favorably for those stuck in the lower class.”— James F. Lawrence, Gainsville Sun

Financial Times Asia editor Jamil Anderlini talks to Rob about the lasting legacy of the Opium Wars on Chinese foreign policy, and the future of Hong Kong.

Dennis Kelleher, co-founder of Washington DC-based financial watchdog Better Markets, explains how Main Street gets hurt by the ongoing banking turmoil and why crypto is the last place anybody should be running to for safety.

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

Do economists live in a world of their own?

We have certainly been testing the resilience of democracy, but are we paying attention to the lessons?

Global public goods, from health to peace to security, crisscross national and social boundaries. We need a new economic theory to understand their pivotal role in the global economy.

Professor Marc Egnal of York University joins the Institute for New Economic Thinking’s Lynn Parramore to explore why historians cling to an inaccurate and misleading narrative, and what we can learn from the real history about tyranny, checks and balances, imperialism — and resistance.

As part of our ongoing symposium “Experts on Trial”, Professor Sheila Dow argues that if voters have grown contemptuous of economists’ expertise, that’s because economics has been misrepresented as a technical subject separate from politics and moral judgments

On February 22-24, 2019, the Young Scholars Initiative (YSI) will host its North America Convening in Los Angeles.

Graciela Chichilnisky has a plan to do exactly that.

Economist Marie Mora discusses the deep economic crisis that has afflicted Puerto Rico for years

In 2008 a global financial meltdown was just barely contained. But Adam Tooze says that the crisis of confidence has had long aftershocks

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

Dani Rodrik says that when ideas become conventional wisdom, we are blind to their limitations

The Washington Post cites William Lazonick’s INET paper on shareholder value

It’s time to connect political violence with economic violence.

The perverted dreams of western modernity and capitalism may be exhausting themselves, says author Eugene McCarraher. And that’s something to be thankful for.

Peter Goodman, New York Times correspondent and author of the just-published book, Davos Man: How the Billionaires Devoured the World, talks to Rob about how inequality is not inevitable, but has been engineered through the political process by selling us a false idea of what is possible.

Rohinton Medhora—economist and President of the Centre for International Governance Innovation—talks to Rob about how our economic institutions, such as the global intellectual property regime and central bank independence hamper our ability to address the global crisis that the COVID-19 pandemic has unleashed. They also talk about the state of populism, US-China relations, and the effect of the pandemic on Africa.

A discussion with Steven M. Fazzari, INET Grantee and the Bert A. & Jeanette L. Lynch Distinguished Professor of Economics, Washington University.

CNN

Young Scholars Initiative (YSI) has released a new e-book, “Conversations on Dependency Theory”

Corporate responsibility needs to evolve if businesses are going to rebuild trust and provide real value for society.

The University of Chicago’s Raghuram Rajan explains how inequalities in the education system lock in a hereditary hierarchy of success

Financial Times columnist Martin Wolf discusses his just-released book

In her new book, veteran Wall Street watcher and economist Nomi Prins warns that central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos.

I was not in Bretton Woods this week. I followed the event through the videos posted on the INET website and the exhilarating and exhausting experience of Benjamin, Floris and Tiago.

Scientists have been sounding the alarm for decades about the severe global impact that rising temperatures will have on the environment, economies, health outcomes, and ultimately humanity’s long-term survival. Yet little has been done.

Renowned campaigner for social and economic justice to set the tone in conference keynote

McCloskey discusses the thesis of her recent trilogy, The Bourgeois Era, which holds that the driving force of economic growth in 17th and 18th century Europe was simply liberal ideas.

The key role coal industrialists played in supporting and financing the eventual Nazi triumph

“Now, in a powerful work of synthesis, economist Lance Taylor, assisted by Özlem Ömer of Nevsehir Haci Bektas Veli University in Turkey, has brought a new perspective to the discussion. Taylor is a rare figure among economists nowadays. Previously a professor at two of the established citadels of mainstream economics, Harvard University and MIT, he has spent the past generation at the New School for Social Research in New York City, and is deeply engaged with the Institute for New Economic Thinking. … The overriding message from Taylor’s work is the exact opposite of “trickle-down economics.” Reducing inequality will increase economic growth and productivity. But, at the end of the day, there is no magic bullet to reverse the impact of the structural transformation of the past 50 years. That, too, was driven by policy initiatives, the full implications of which many policymakers are only just now beginning to comprehend.” — William Janeway

An expert panel will discuss the latest research on the experiences of workers facing volatility of their time and income, how this volatility impacts their financial outcomes over time, ways current policies help or hinder workers cope with labor market volatility, and other possibilities for change.

A new age virtual conference series in 2021 that aims to bring together legal, economic, and public policy thinkers to consider a variety of real world issues in India in a holistic manner.

The YSI Working Group on Economic Development, the Greenwich Political Economy Research Centre (GPERC) of the University of Greenwich, and the Foundation for European Progressive Studies (FEPS) would like to invite you to a talk by Professor Tim Jackson. 

NBA Legend Isiah Thomas talks with Rob Johnson about race, politics, compassion and the dreadful plantation model of Sports and Entertainment

William Hartung and Ben Freeman, authors of Trillion Dollar War Machine, talk with INET’s Lynn Parramore about America’s runaway defense spending and its increasingly alarming human toll

To mark the release of INET’s “What Money Can’t Buy” with professor Michael Sandel, the YSI Philosophy of Economics Working Group and and Finance, Law and Economics Working Group invite young scholars working on issues related to the core issues in Michael Sandel’s lectures to present their work in a series of webinars. Professor Sandel will join the webinars to answer questions about the topics raised in his book, the video lectures and to give comment on the presentations.

An examination of some little-known ways nation states and central banks prop up megabanks

For nineteenthth century figures such as Bentham and Jevons, the concept of utility was associated with satisfaction or pleasure experienced.

In commemoration of the 200th episode of INET’s New Economic Thinking video series, we’re highlighting 11 new economic thinkers who embody the INET spirit: creative thinking, passion for social justice, and fearlessness in breaking the status quo. If you like what you see, make sure to check out our YouTube channel for more!

Economist Darrick Hamilton, co-author of a new report on wealth across racial and ethnic groups in Tulsa, Oklahoma, explores the legacy of the Tulsa Race Massacre with the Institute for New Economic Thinking’s Lynn Parramore.

China is now the world’s largest greenhouse-gas emitter, accounting for over 25% of the global total. But the country has also demonstrated a growing understanding that a truly green economy promises to improve quality of life and create enormous opportunities for technological and political leadership.

Martin Luther King, Jr. and other civil rights leaders relied on black entrepreneurs to make their work possible

The 21 FMM conference of the The Macroeconomic Policy Institute (IMK) will take place in Berlin on 9-11 November 2017.

Global carbon emissions could fall by an estimated 5.5% in 2020 as a result of declining industrial production in the wake of the COVID-19 pandemic. But if the change is not systemic these effects may be fleeting, and the changing climate could put hundreds of millions of lives, trillions of dollars of economic activity, and the world’s physical and natural capital at risk.

In a fresh release from INET’s book series with Cambridge University Press, renowned German economic historian Carl-Ludwig Holtfrerich uncovers the startling truth behind German currency reform usually hailed as the foundation of the post-war German economic miracle: Ludwig Erhard, who cooperated with the Nazis, unjustly claimed the spotlight, overshadowing the real architect, Edward Tenenbaum.

The Political Movement That Dared Not Speak its Own Name: The Neoliberal Thought Collective Under Erasure Philip Mirowski [Institute for New Economic Thinking, August 2014] ….consider the question: how should we approach the construction of a reliable history of a group of intellectuals who have managed to turn their meditations into a political movement on a global scale? Of course this raises timeworn problems of the relationship between theory and practice; but the Neoliberal case sports a further thorny complication: while we can fairly comprehensively identify the roster of whom should be acknowledged as a part of the movement, at least from its beginnings in the 1930s until the recent past, we are confronted with the fact that, in public, they themselves roundly deny the existence of any such well-defined thought collective, and stridently denounce the label of Neoliberalism. Not only do they wash their hands of most of the documented activities of the Neoliberal Thought Collective – think of Hayek and Friedman and their denials concerning the Pinochet interlude in Chile— but their plaint is that their opponents the socialists have always gotten the better of them, and thus their political project has never enjoyed any real successes, ever, anywhere, contrary to all evidence brought to the table. They are forever the bridesmaid of conservative parties, never the bride, to hear them tell it. Given the sheer numbers of people involved, and the really astronomical sums of money, and the cultural dominance of the airwaves, this sad sack victimhood is really quite remarkable, and itself calls for serious examination. Perhaps it has something to do with the fact that a political movement that dare not speak its own name has intellectual contradictions that it dare not air openly.

“Nobody but those top corporate executives was really paying attention to share buybacks until the middle of the last decade, when University of Massachusetts economist William Lazonick wrote an article for the Harvard Business Review documenting the surprising and depressing fact that the companies that had belonged to the Fortune 500 during the previous decade had spent so much on share buybacks and dividends that the total was either equal to or actually exceeded their profits.”

“A study by Nobel Laureate James Heckman found that every dollar invested in a high-quality, birth to five program for the most economically disadvantaged children resulted in $7.30 in benefits as children grew up healthier, were more likely to graduate high school and college, were less likely to be involved in crime, and earned more as adults.” — The White House

Phillip Alvelda, Thomas Ferguson, and John C. Mallery discuss their latest research into how the pandemic is related to the economy and how protecting against the virus also protects societies from economic disaster.

Cathy O’Neil, founder of O’Neil Risk Consulting and Algorithmic Audit and author of the book Weapons of Math Destruction, talks to Rob Johnson about the crisis facing universities in the pandemic.

Rob Johnson talks to music producer Joe Boyd about the musical inflection point of the 1960’s, and how social change affects art and artists.

Rob Johnson talks to Robert Dugger, former member of the INET Board and founder of Ready Nation, about how society can safeguard its accomplishments and rights for posterity

Former Greek Finance Minister Yanis Varoufakis and artist Danae Stratou talk to Rob Johnson about Europe’s failures for working people, both before and during the pandemic.

Thomas Piketty and his colleagues have insisted that tax records are better for measuring inequality than income surveys. They’re wrong.

LSE Director Minouche Shafik says that for democracy to work, we must keep the market out of certain domains

Karl Polanyi demonstrated that Classical Liberalism and current Neoliberalism were organized political movements, but their successes sparked political backlashes against laissez-faire economics — a dialectic that continues to shape politics to this day.

Ed Glaeser, a Harvard economist specializing in cities and infrastructure, emphasizes the importance of everyday infrastructure, such as road quality, in improving the daily lives of millions.

The latest austerity deal is terrible for Greece and Europe.

13 million people looking for living wage work is not a “full employment” economy

“What I’d really like to see going forward is some sort of vision which is inclusive and forward-looking in the medium and long term about all these kinds of aspects welfare; health, education, environment. In the past, we’ve had a situation when we’ve looked at other countries which have made this transition to more advanced economies. They have always had some element of industrial policy thinking through how they actually going to shift their populations from low-productivity to high-productivity. Currently, I think we’re doing things with a hope and a prayer. Our growth models have fizzled out so far. What we’re looking for is something in the next three to five years which will be aimed at re-opening new markets, more inclusion, and really ensuring the wealth of a much much larger fraction of the population than we are currently doing.” — Arjun Jayadev, Bloomberg “Jayadev, a professor of economics at Azim Premji University, said India has returned home this year after decades of failure in providing access to quality health care for a large part of the population. If there is a silver lining, then the crisis will give the country a chance to “build better,” in the words of Jaydev. This includes at least three elements – an environment that is closely linked to health outcomes, with a medium-term plan to keep health and education spending at a consistently high level. – aimed at improving the quality of the environment and, finally, committed to support. one-third of these elements are something similar to a city employment program. The budget could also help immediately by universalizing the PDS and supporting revenues through direct remittances, Jayadev said. “Overall, short-term relief and long-term structural focus will help transition to a more inclusive and vital growth strategy that is missing in the current vision.” — Pallavi Nahata, Bloomberg

A Rolling Stone article by Andrew Perez cited Fred Ledley’s INET working paper on the NIH seed funding of pharmaceuticals.

Anton Jäger discusses his new book “Welfare for Markets: A Global History of Basic Income” co-authored with Daniel Zamora Vargas.

Daniel Zamora Vargas discusses his new book “Welfare for Markets: A Global History of Basic Income” co-authored with Anton Jäger.

In a new book, How Novelty and Narratives Drive the Stock Market, economist Nicholas Mangee examines the influence of stories on stock market outcomes in an uncertain world.

For thirty years after the Civil Rights Act, a sizable share of white Southerners still voted Democrat. That changed when the party embraced trade deals that hurt American workers.

A story spanning thousands of years, there is far more to China’s market reformation than many Western scholars might have you believe.

Surviving the geopolitical and economic challenges of the coming years requires a world order less vulnerable to the vagaries of U.S. elections