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Uncertainty is an unavoidable feature of economic life, although we may cope with it sometimes by ignoring it. Institutions, conventions and behaviour are all conditioned by uncertainty, and they in turn condition uncertainty in a reflexive manner.

The aim of the two-semester sequence is to explore a coherent alternative to neoclassical and post-Keynesian theory that does not rely in any way on concepts of utility maximization, rational choice, rational expectations, or perfect/imperfect competition.

Using datasets on transactions within business groups and social sentiment in China, I show that state-owned enterprises (SOEs) use internal funds to address social unrest, complying with the government’s political goals.

Cryptocurrency is one of the hottest topics in finance, yet it is often misunderstood, both by the general public and self-proclaimed “experts.” In this collection, members of the INET community offer a broader look at the economics of cryptocurrency, and money itself.

In the paper that we present this afternoon, Soren Johansen, Anders Rahbek, Morten Tabor, and I introduce the Qualitative Expectations Hypothesis (QEH) as a new approach to modeling macroeconomic and financial outcomes.

The concern that an economy could experience persistent, and in some sense unusual, weakness goes back to Keynes’s General Theory and led Alvin Hansen to coin the term “secular stagnation.”

At the heart of economics is a theory of action. It reflects views about how human beings make economic decisions and leads to an analysis of aggregate consequences.

State and market are often depicted as distinct, even antagonistic. Markets appear as natural products of spontaneous ordering; states as leviathans that if left untamed will distort, if not destroy markets’ natural state.

It is impossible to ignore material inequality. Wealth, and the goods that come with it, are accumulating at the top of society while others seem to be struggling in the middle and bottom.

The renowned feminist economist discusses the importance of heterodoxy, radicalism, and social justice to the discipline

Are existing institutions up to the task? Is the nation-state an obstacle, and if so how do we overcome it? What would alternatives look like, and how would we realize them?