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LSE Director Minouche Shafik says that for democracy to work, we must keep the market out of certain domains

Examining the past is essential to understanding the present

Karl Polanyi demonstrated that Classical Liberalism and current Neoliberalism were organized political movements, but their successes sparked political backlashes against laissez-faire economics — a dialectic that continues to shape politics to this day.

Institute for New Economic Thinking grantee Hans-Joachim Voth talks about the crisis in Europe.

Behavior genetics is the study of the relationship between genetic variation and psychological traits. Turkheimer (2000) proposed “Three Laws of Behavior Genetics” based on empirical regularities observed in studies of twins and other kinships. On the basis of molecular studies that have measured DNA variation directly, we propose a Fourth Law of Behavior Genetics: “A typical human behavioral trait is associated with very many genetic variants, each of which accounts for a very small percentage of the behavioral variability.”

What do you get when you put two of the most well known and most widely cited economists in the world, both Nobel laureates, on stage together? A healthy dose of economic reality.

This research project provides the mathematics for a second marginal revolution enabling the natural modeling of heterogeneous agents with unstable beliefs, fully dynamic preferences, and allowances for an increased level of self-inconsistency.

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.

Four months of the Trump presidency have already changed the world as we knew it. How did we get here? What consequences have the tariffs had and will have? How will U.S.-European trade relations evolve? What about the confrontation with China?

Since September 2011, the Swiss National Bank has held a floor of 1.20 francs per euro.

“The role of money in US politics is fundamental. A recent updating of earlier research, released by the Institute for New Economic Thinking, confirms that the views of the top decile of the population largely determine policy. The inevitable frustrations of the rest give the parties their passionate voting blocs.” — Martin Wolf

Sony Kapoor, Managing Director of the Nordic Institute for Finance, Technology, and Sustainability, talks to Rob Johnson about the real problems that the pandemic exposes and whether a Green New Deal is still achievable in this context

Zach Carter, Huffington Post reporter and author of the new book, The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes, talks to Rob Johnson about Keynes’s vision of maintaining democracy in times of crisis.

“A recent study by the Institute for New Economic Thinking, painting a wider picture, shows that the effective reduction in emissions due to carbon pricing policy comes to between just 1 and 2.5 percent of the total.” — Ornaldo Gjergji, Osservatorio