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“[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.

Soros’s remarks about the 2008 crash

A suprisingly large number of talks refer to the issue of human decision making.

James Galbraith flips the script on sanctions. How has Russia adapted?

New economic engagements with India.

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.

The Financial Times

The Institute for New Economic Thinking held its sixth Annual Conference from April 8 to April 11, 2015, in collaboration with the Organization for Economic Cooperation and Development (OECD) in Paris.

Legislators who vote together get paid together