Archive

Understanding India’s Northeast from Emerging Perspectives

The conference aims to examine the complex interplay of housing, law, economics, and spatial justice in an unequal world, and we welcome scholars and practitioners to participate.

As the world grapples with rapid technological advancements, demographic shifts, environmental challenges, and governance transformations, new forms of inequality are emerging.

Following a successful inaugural Meeting of Young Minds in 2024, the Second annual Meeting of Young Minds on 17 – 19 February 2025 is geared to be an exciting and engaging gathering of future leaders in the field of economics.

The Economics Group at Azim Premji University, Bhopal, India, in collaboration with the Institute for New Economic Thinking and its Young Scholars Initiative (INET-YSI), is pleased to announce an international conference aimed at exploring the intricate relationships between social identities, institutions, and economic development in South Asia.

This conference aims to explore important issues of economics of AI, good governance, humanization of AI technologies, privacy, considerations of creative thinking and imagination, and take a comprehensive look at the challenges and opportunities of AI technologies.

In his new book, Mindless, acclaimed economic historian Robert Skidelsky urges readers to pause and reflect on the delicate balance between advancing technology and our human essence.

The limitations of the benchmark E-DSGE framework and how these limitations restrict the ability of this framework to meaningfully capture the macroeconomics of the climate crisis.

Why the E-DSGE Framework Is Not Fit for Purpose and What to Do About It

As artificial intelligence reshapes our economy, policymakers must act swiftly to prevent a winner-take-all scenario in the rapidly evolving market for AI foundation models.

The decisions we make now about the governance of AI will have profound implications for the future of our economy and society.

Sen. Markey’s “Steward Healthcare Report” Washington Post

Economics can either fuel conflict or pave the way to lasting peace, the choice is ours.

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

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.

If we want durable peace, we need to look for more than just economic expansion.

The biggest factor in accounting for the strength in the economy is the continuing importance of the wealth effect in sustaining consumption by the affluent.

A major factor in the decline of inflation is the simple fact that America’s workers were, in general, unable to raise their nominal wages in line with the rise in the cost of living

Trust, Risk, and Relationships

Medicare negotiators need to have a deep understanding - both theoretical and empirical - of the learning processes involved in developing a drug to negotiate a price that is fair.

Strategizing on Addressing the Planetary Emergency and Unlocking Opportunities for an Exponential Just Transition

Medicare Needs a Perspective on “Collective and Cumulative Learning” in Inflation Reduction Act Negotiations

The financialization of U.S. firms making critical products endangers both American global leadership and, in Tesla’s case, climate change progress.

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.

Smart Energy

From the perspective of innovative enterprise, we ask how Musk might abuse his power of strategic control—and what that would mean for corporate governance reform.

As the “Technoking” of Tesla strategizes to maintain his control over the company’s decision-making, anyone concerned with the role that Tesla will play in the evolving EV transition should be asking how CEO Musk might use, or abuse, his powerful position.

Eliminating transit fares can transform lives, connect people to jobs, healthcare, and essential services in more equitable ways.

NLSIU was the first National Law University established in India to pioneer legal education reforms. The University has remained a leader in the field of legal education in India for over 30 years. NLSIU has been consistently ranked No 1 in the National Institutional Ranking Framework since 2018 – the year when NIRF law rankings was introduced.

It’s time to rethink the narrative and recognize the real legacy of forced labor.

A new book, The Hamilton Scheme, explores a very different founder than the one we’ve come to think we know.

There’s more to the census than demographics.

By 1812 the U.S. already had more business corporations than any other country and possibly more than all other countries combined.

By 1812 the U.S. already had more business corporations than any other country, and possibly more than all other countries put together, securing its role as the world’s first “corporation nation.”

“…the prohibition on negotiating price was kind of a poison pill in the original Medicare Act.”

The IRA has the potential to rectify the imbalance between public benefit and private incentives

With Pat Gelsinger at the helm, Intel’s fate will be decided by whether it can revive its innovation-driven legacy or remain a cautionary tale of financial mismanagement.

Immanuel Ness critiques the belief that migration drives economic development, revealing how it often merely aids survival and perpetuates exploitation.

What happened to the dream? Rob talks with David Smick about his new film and the inspiration for the project.

Cybersecurity expert Muayyad Al-Chalabi assesses CrowdStrike’s update failure and its broader implications for cybersecurity in a discussion with Lynn Parramore.

An INET collection on the development (or non-development) of a Green New Deal to tackle the climate crisis

New INET Governing Board Member Announcement

Increasing evidence that the IRA is probably not harming pharmaceutical innovation.

Sensitivity of investment and valuation to drug price indices and market conditions

Dr. Phillip Alvelda tells INET’s Lynn Parramore about persistent political and public health failures exposing us to devastating diseases, while vastly underestimating their long-term health effects.

We need collective action and social movements to bring about change, but where is our sense of community and shared identity?

The McKinsey report’s highlighting of an extremely high job vacancy ratio in recent years does not reflect the true state of the U.S. labor market.

New technologies appear to yield long-lasting benefits for the pioneer locations where they were originally developed.

The concentration of innovation in a handful of urban centers engenders large and persistent regional disparities in economic opportunity.

How can we understand the bright and dark sides of China’s gilded rise? Through the lens of American history.

Two weeks of dialogues on Poverty, Development, Globalisation

Journalist Peter Goodman delves into the persistent problems with supply chains and how to fix them his new book, “How the World Ran Out of Everything,” in conversation with the Institute for New Economic Thinking

The intricacies of the political economy that play out across countries in the Global South have profound significance for understanding the nature of ecological change and economic security that confront our world today.

The most crucial issue in European policy, and one on which no big party campaigned and no important public discussion took place, was the fiscal policy stance for the next few years.

An excerpt from Revolt of the Rich: How the Politics of the 1970s Widened America’s Class Divide by David N. Gibbs, published by Columbia University Press (2024)

In persisting with its high rates policy, the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.

The $48 Billion Stock-Option Package and its Implications for the EV Transition

In a candid discussion with INET’s Lynn Parramore, Dr. Phillip Alvelda highlights the imminent dangers of long COVID, criticizing governments and health agencies for ongoing preventable suffering and deaths. *This is Part 2 of a two-part interview.

An ensemble of mechanisms enables cloud hegemons (Microsoft, Google, Amazon) to plan the whole AI knowledge and innovation network by weaponizing interdependence in networks.

Subcommittee hearing: When Health Care Becomes Wealth Care: How Corporate Greed Puts Patient Care and Health Workers at Risk

Stuck in a fog of misleading narratives, most of us don’t see the true extent of COVID’s persisting—and intensifying—threats. INET’s Lynn Parramore talks to Dr. Phillip Alvelda about the dangers we’re missing and the failures of public health agencies to inform and protect us. *This is Part 1 of a two-part interview.

“Failed at free enterprise? Well, try industrial policy, China style”

Who owns knowledge?

In the global super election year of 2024, populists are threatening to experience a new upswing almost everywhere – whether in the USA, the EU or in East Germany. What makes so many citizens so dissatisfied? What could help win people back and restore their trust in liberal democracy?

If we are to work toward a better future, we must look beyond the surface, and understand the multifaceted reality of China’s ascent in the global arena.

How have the macroeconomic problems in the US blinded many participants and observers to the actual state of the American economy as the election approaches?

The current paper returns to the key questions of wages and incomes and how wealth effects cripple reliance on interest rates to control inflation.

In a political system whose primary currency is not the vote but the dollar, McConnell’s role as leader has plainly been well-earned.

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.

Experts are clear that working into old age often threatens the health and well-being of U.S. seniors.

The Gender Pay Gap: Micro Sources and Macro Consequences

What does the future hold for finance?

Economics can do better, and the change starts with you.

Wang Hui, author of The Rise of Modern Chinese Thought, now available in English, provides conceptual guidance for understanding China’s intellectual progress in a conversation with INET’s Lynn Parramore.

What happened to the excitement of creativity?

London Review of Books

The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science.

Overcoming Anti-Urban Bias to Reduce Inequality in the United States

Predetermined profit margins and prices hidden in the back end of a transaction are really just market failures.

Peter Coy, in an OpEd for the New York Times, cited Servaas Storm’s INET working paper criticizing Bernanke and Blanchard’s inflation explanation.

The development of COVID-19 vaccines within a year of the emergence of SARS-CoV-2 was an unprecedented triumph of scientific research that saved millions of lives. In contrast, the lack of global coordination to manage intellectual property, technology transfer, production, financing, and distribution of vaccines led to excess deaths and losses in economic output.

Transparency and ethics are critical.

The British Academy is the UK’s national academy for the humanities and social sciences. We mobilise these disciplines to understand the world and shape a brighter future.

The Academic-Industry Research Network—theAIRnet—is a 501(c)(3) not-for-profit research organization devoted to the proposition that a sound understanding of the role of business in the economy requires collaboration between academic scholars and industry experts.

SOAS is home to the leading research and expertise on the global issues of today.

Bernanke and Blanchard have made another failed attempt to salvage establishment macroeconomics after the massive onslaught of adverse inflationary circumstances with which it could evidently not contend.

How convincing is the model analysis by Bernanke and Blanchard? How empirically relevant are their mechanisms causing inflation – and how robust and plausible are their econometric findings?

Behind bogus promises of job creation and economic growth lies a dangerous agenda to shred social safety nets.

Your health shouldn’t be someone else’s wealth.

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

Programs for expedited review may be preferentially reducing the development costs for conditions with lesser disease burden, potentially making investments in addressing the most significant disease burdens even less appealing and exacerbating the market failure further.

Do temporary economic shocks like the COVID-19 recession create lasting effects on the economy?

The discrepancy between technocratic rhetoric and economic facts is colossal.

Industry lobbyists vehemently oppose Medicare drug price negotiations. However, physician-scientist Fred Ledley and economist William Lazonick debunk their arguments.

How the dark side of consumer finance prioritizes profit over people.

The Uncertainty of Retirement in the New Economy

The “maximum fair price” for a drug must not only be equitable to those with unmet medical needs who may benefit from the use of the drug but also provide equitable returns on both public and private sector investments.

The empirical analysis of public sector investments and the health value created by the drugs selected for Medicare price negotiations provides a cost basis for the assessment of the maximum fair price.

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

Connecticut is the first state to fund and enact a baby bonds program, inspiring more states to create their own plans. Can it make a difference?