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

With growth fueled by an increase in debt, Argentina is facing an uncertain economic future, despite investors’ generally rosy view. The government of Mauricio Macri has options to address the country’s macroeconomic risks, but none of them will be free of tough choices.

Mariana Mazzucato argues that the idea that entrepreneurship is confined to the private sector is wrong.

Today the world lost one of its leading economic lights, as Nobel laureate Elinor Ostrom passed away at the age of 78.

The richest Americans control $46 trillion in wealth—but many pay little or no federal tax.

As new coronavirus cases surge across India, calls are growing louder for wealthy countries to loosen intellectual property restrictions

William Janeway: Venture Capital in the 21st Century: ‘In this eight-part lecture series, Bill Janeway investigates the relationship between venture capital and technological innovation, and the interdependent roles of entrepreneurial firms, the mission-driven State and financial speculation in the overall innovation system… LINK: https://www.ineteconomics.org/perspectives/videos/venture-capital>

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

This paper, which is prepared for the Inagural Conference of the Institute for New Economic Thinking in King’s College, Cambridge, 8-11 April 2010, questions the preeminence of theory over empirics in economics and argues that empirical econometrics needs to be given a more important and independent role in economic analysis, not only to have some confidence in the soundness of our empirical inferences, but to uncover empirical regularities that can serve as a basis for new economic thinking.

Exploiting three earthquakes in Italy as quasi-experiments, we analyse the response of homeowners’ consumption to transfers targeted to finance housing repair and reconstruction. To the extent that funds are made available up-front, these transfers are akin to loans, mainly affecting the liquidity of households’ wealth

We call attention to the class of models that serve as the foundation for the rational expectations hypothesis (REH). Models in this class rule out completely any structural change that cannot be fully anticipated with a probabilistic or other quantitative rule. REH models are abstractions of rational decision-making, but only in a hypothetical world in which participants can fully anticipate when and how they might revise their understanding of the process driving outcomes.