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

Non-mainstream economists are disputing neoclassical ideas about capital.

Perry Mehrling’s new book traces the rise of the dollar through the life and career of influential economist Charles Kindleberger

Brexit uncertainty has already taken an economic toll

Peter Conti Brown’s new book explores and debunks a powerful meme shaping public understanding of the role of the Fed

Capital Flows, Cross-border Banking, Shadow Banking, and the Dollar

“Making matters worse, the Black unemployment rate might be much higher, according to a new analysis by the Institute for New Economic Thinking. The unemployment rate is calculated using data from the Current Population Survey. But that survey has a much lower response rate from Blacks than from white Americans, leading to more misclassifications in the official unemployment rate. For Blacks, the response rate is 72%, while the response rate is 90% for whites. Factoring that in, the unemployment rate for Black workers could be at least 2.6 percentage points higher than the monthly rate by the BLS, leaving it at 12.5% in February, the analysis found. For whites, the increase is much smaller at 0.7 percentage point. “The Current Population Survey has been missing a larger share of the population over time, particularly among Blacks,” said Baker, who is also an author of the analysis. “You have to ask what’s the situation for the people they’re not talking to.” — Denitsa Tsekova, Yahoo Money

Capitalism will destroy itself, the former Greek finance minister warns, if economic calculation excludes human needs and ignores democratic verdicts

INET’s Research Director Thomas Ferguson talks about the research he and his collaborators Paul Jorgensen and Jie Chen conducted of the 2020 election and some of overlooked factors that were at play in that election.

Richard Vague looks at what it’ll take for the U.S. to win the R&D race

Luke Burgis, the author of the just-released book “Wanting,” talks about his book, how we come to desire what we desire, and how we can transform desire so as to make the world a better place.

Post-Chicago Economists vs. New Brandeisians on the New Merger Guidelines

In “celebration” of the late Pete Peterson’s 92nd birthday (see guest list), an excerpt from 19th Century historian Lord Macaulay’s History of England, on hundreds of years of unwarranted panic about government debt.

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?

Some predict global economic catastrophe if Britain votes to leave the EU, others foresee a more limited set of consequences — and some see a telling trend in the public ignoring economists’ warnings

It was during a year in residency at Tokyo’s Hitotsuabashi University in 1995 that Jim Crotty first “met” John Maynard Keynes.

As part of the tremendous promotion campaign for the 8th edition of his textbook Economics, Samuelson was devoted a feature in the New York Times (February 5, 1970, p. 41).

Orville Schell, the Arthur Ross Director of the Center on U.S.-China Relations at the Asia Society, talks to Rob Johnson about the future of Chinese relations with the West, and how the former victim of Western imperialism is trying to get its revenge.

An interview with INET Global Commissioner Winnie Byanyima

Industrial organization economists have caused antitrust to cling to an antiquated and disproven economic theory.

Two-day workshop on: Dialectics of Globalism and Nationalism, Inequality and Populism, Agrarian and Urban Crises, Data and Social Justice

Eurocentric modernism has unhinged us from our human nature, argues Rajani Kanth in his new book

Setting the record straight and identifying less destructive pathways forward than round after round of interest rate increases.

Why some goods and services should stay in the public domain

A special note from INET board member john a. powell

In his contribution to our ongoing series “Experts on Trial”, Alessandro Roncaglia argues that viewing economists as princes or servants of power is inherently authoritarian. We should instead see the economist as a socially and politically engaged citizen

Since 2007, recurring food-price spikes reveal hunger as a problem of market design and underinvestment, not scarcity. With Brazil’s COP30 on the horizon, aligning climate commitments with food systems could cement policy space to manage markets and advance the right to food.

Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public from financial chaos

What is “capital”? To Karl Marx, it was a social, political, and legal category—the means of control of the means of production by the dominant class. Capital could be money, it could be machines; it could be fixed and it could be variable. But the essence of capital was neither physical nor financial. It was the power that capital gave to capitalists, namely the authority to make decisions and to extract surplus from the worker.

How corporate raiders coopted “shareholder democracy” for their own ends

Several days ago, we woke up to a new world. Britain had voted to leave the European Union. Some were pleased, many were deeply concerned. What is likely is that many will be affected. Some wonder if the EU will survive. It will take months if not years to fully understand the ramifications.

Despite disparate policy beliefs, MMT and orthodox macro rely on many of the same theoretical foundations

Honorary Vice President at IMANI Center for policy and education, Bright Simons, on the challenges Ghana is facing

Why are we paying for corporate behavior that crushes innovation, cheats taxpayers, cost jobs, and heightens inequality?

How do we create a “change in culture”?

This paper discusses what we have learned about the debt build-up in advanced societies over the past century. It shows that the extraordinary growth of aggregate debt in the past century was driven by the private sector.

The University of Chicago is well-known for as the place where a famous group of economists, including Milton Friedman, Georges Stigler, Gary Becker, among others, developed a method for analyzing economic facts based on Marshallian price theory, a vision of the evolution of macroeconomic aggregates called monetarism, and an approach to individual liberties and the role of the state known as (neo)liberalism.

Asset markets are indispensable in harnessing society’s diverse views and insights about future business performance. But those views are shaped as much by emotion and crowd mentality as by rational expectations.

The unprecedented intervention by China’s authorities to backstop China’s stock market reveals widening policy tensions in China’s leaderships financial reform agenda.

Presented by Professor Dan O’Flaherty at the Institute’s conference on the economics of race in Detroit on 11 November, 2016

Why it’s urgent that China adjust its balance of payment structure and safeguard its foreign assets

In his 2017 presidential address to the National Economic Association, Professor Darrick Hamilton warned that treating economics as a morally neutral ‘science’, and the discipline’s limited attention to structural barriers and overemphasis individual agency, has resulted in bad economics, and bad policy particularly as it relates to racial disparity.

On the Modern Economic Theory of Incentives, Markets, and Socialism

Louis Kuijs, Head of Asia Economics at Oxford Economics, based in Hong Kong, talks about China’s current economic strategy in the context of the pandemic and how China relates to the US, to the rest of the world, and to Hong Kong, in its effort to expand its influence

The path of austerity could spread economic pain and social woes far beyond the Caribbean island, says public debt expert Martin Guzman 

Author and Jungian analyst Steven Herrmann discusses the concept of “spiritual democracy” as explored in the writings of American poets like Walt Whitman, Herman Melville, and Emily Dickinson.

The ECB has decided to maintain its current level of emergency liquidity to Greece (ECB 2015). By refusing to extend additional emergency liquidity, the ECB has decided that Greece must leave the Eurozone. This may be a legal necessity or a political judgement call, or both. Anyway, it raises a host of unpleasant questions about the treatment of a member country and about the independence of the central bank.

Renowned journalist and author Chris Hedges talks about the many ways traditional media, digital media, and the two political parties have worked to prevent progressive movements and give rise to the growth of the extreme right

How can we quantify the wage share implied by varying degrees and types of participation to Global Value Chains?

New economic thinking has the potential to make political debates far more productive

Prosperity Now CEO Gary Cunningham talks to Rob, in a wide-ranging discussion, about the many ways in which the pandemic has affected racial justice and injustice and how we might overcome the divisions and polarizations that we currently confront.

The prominence of the debate over ‘reswitching’ has obscured the importance of Piero Sraffa’s profound contribution to economics. It’s time to revisit and build on that body of work

Kenneth Rogoff, Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead. Yale 2025.

Sometimes a radical path is the most practical way out of a mess.

Given the choice, would you accept to live in a society where happiness and prosperity is guaranteed for all on the condition that one single person be kept permanently unhappy? Is the well-being of thousands of people “worth” the sacrifice and suffering of a single innocent child? Such is the dilemma to which the inhabitants of the utopian city of Omelas are confronted in Ursula Le Guin’s philosophical short-story “The Ones Who Walk Away from Omelas”. In her parable, most people are ultimately able to come to terms with the atrocity. The few citizens who cannot end up walking away from the city — nobody knows where they go and they are never heard from again.

Darrick Hamilton calls for spreading the benefits of asset-ownership to all Americans.

Alex Thaler, the CEO of the software platform Iconik, and Iconik advisor Adam Cummings discuss how the platform helps shareholders create personalized voting profiles for shareholder meetings, allowing them to increase their influence over companies and give management a clearer awareness of investor goals without abrupt and embarrassing conflict.

Professor Wendy Brown engages in an in-depth exploration of the corrosive effect of approaching education, law, politics and governance through the lens of neoliberal economic rationality.

One of America’s leading socialists discusses how a collectively owned economy would be structured, the limits of the welfare state, and what Keynes understood that Marx didn’t

The INET roundtable on “new conversations and the academy” took place a week ago. Most panelists were bloggers, including Mike Konczal from RortyBomb and Noah Smith from Noahopinion.

Evidence reveals our remote ancestors were neither brutes nor innocents, but complex beings whose experiments in living have much to teach us. Welcome news as disaster looms in every direction.

INET talks to Jayati Ghosh and Marina Della Giusta

Neither do rapid growth in government debt, declining interest rates, or rapid increases in a central bank’s balance sheet

INET published a paper, written by John Kay, that deals with the relationship between economics and the world we live in. The Map Is Not the Territory: An Essay on the State of Economics spells out methodological critiques of economic theory in general, and of DSGE models and rational expectations in particular.

The economy is likely to be crippled for months and fiscal rescue on a large scale, once again, is very much necessary.

Some years ago, in the aftermath of the “great financial crisis” (GFC) of the first decade of the twentieth century, Paul Krugman famously remarked that “most macroeconomics of the last thirty years was spectacularly useless at best and positively harmful at worst”. It is the premise of this set of lectures that it is possible to do better, much better.

This blog post looks at the aggregate picture and collates some micro evidence in a more robust estimating framework to shed light on this question.

The theoretical approaches to analyzing crises have behind them contrasting conceptions of the way the economy works

In the first of a two-part interview, Rob Johnson talks to author, activist, and former Black Panther Party chairwoman Elaine Brown about the killing of George Floyd and the protests sweeping the U.S. in the context of the coronavirus pandemic.

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.

Why did Corporate Democrats “cede” the economic argument? Are they really fighting inflation or trying to weaken workers’ bargaining power? INET’s Thomas Ferguson joins Paul Jay on theAnalysis.news.

What sort of effective democratic political system does the United States want and need?

EEO-1 employment data document the vast over-representation of Asian Americans and vast under-representation of African Americans at tech companies in recent years. How did this happen?

It would be a tragic mistake to read anti-E.U. sentiment across Europe as simple bigotry — racism and xenophobia are being nurtured by the economic pain produced by prevailing economic policies

The focus of this year’s monsoon school is on pluralistic approaches to research on inequality, bringing together perspectives from varied streams of economic thought. It will provide an interactive platform for advanced-level PhD students, postdoctoral researchers, and scholars affiliated with Indian research institutes to engage with diverse concepts, debates, and methodologies related to inequality.

Since Aristotle the question about the potential relationship between economic inequality and democratic changes has been studied and debated – but scientifically our ability as researchers to assess and understand how such complex social phenomena may be related is much more limited than recognised.

Many of the challenges facing the new EU Presidency will need to be addressed not only at the European level but within a reinvigorated multilateral framework.

Remarks from Finance & Society May 6, 2015

This research project investigates how gender and race affect the earnings of African American, Latina, and Asian American women in the United States over five decades, from 1970 to 2010.

After FTX’s collapse, crypto looked finished. Yet Washington revived it, culminating in Trump’s GENIUS Act and a surprising Democratic shift. How much did money and affluence predict pro-crypto votes, amid widening deregulation and cyber risk?

INET explores how technological and economic changes are affecting employment

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.

What can today’s economists learn from the 18th century Scottish thinkers who grappled with societal and economic change?

The Economic History Working Group and the Financial Stability Working Group are organizing a two day seminar on May, 12th-13th in New York. The theme for the will be “Institutional responses to financial crises 1870 to 2017”.

The Institute for New Economic Thinking has awarded $2 million in grants to fund 21 different projects as part of the latest round of its research grant program.