5787 Results for “monedas fut 26 Visité Buyfc26coins.com. La rapidez del servicio me dejó impresionado..ELWX”
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News
Rolling Stone, Salon, and Bloomberg cite Ledley’s INET-supported research on government seed funding and drug price negotiations
Aug 22, 2024
“…the prohibition on negotiating price was kind of a poison pill in the original Medicare Act.”
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Conference Session
Secular Stagnation and Inequality
Dec 15, 2017 | 11:00—12:30
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Working Paper
Grantee paperFat-Tail Distributions and Business-Cycle Models
Sep 2012
Recent empirical findings suggest that macroeconomic variables are seldom normally distributed.
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Person
Andrew McConnell
Associate Director, Pollination Group Andrew McConnell is a climate and nature economist and an Associate Director at the Pollination Group. He currently focuses on integrating climate and nature risk into financial systems and financing industrial decarbonization. -
Person
Lynn Parramore
Senior Research Analyst and Communications Strategist Lynn Parramore is a cultural historian whose work illuminates the deep interconnections among history, economics, culture, and psychology, revealing how collective narratives and moral assumptions shape economic life and power. -
Article
If CEO Pay Was Measured Properly, It Would Look Even More Outrageous
Dec 22, 2016
Research funded by the Institute for New Economic Thinking has revealed that the SEC reports executive compensation using a formula that routinely undercounts it
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Article
Minsky's Many Moments
Aug 5, 2016
The Economist pays tribute to Hyman Minsky, whose ideas on financial instability have not been given the attention and prominence they deserve
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Site Pages
Avatars
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Article
Surprise: The 1% Is Overrepresented in the Ivy League
Aug 11, 2017
New research shows that access to elite colleges varies by parents’ income—reinforcing inequality across generations
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Article
Johnson: Elites Eying the Exits Signals America's Crisis
Jan 23, 2017
Institute President Rob Johnson interviewed by the New Yorker on hedge-fund managers and the market for air strips in New Zealand
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Video
China’s Coming Debt Crisis?
Mar 22, 2016
The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers.
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Video
The Next Convergence
Dec 1, 2011
The Future of Economic Growth in a Multispeed World
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Webinars and Events
LEPC V: India & The Path to Sustained Growth for the Next Decade
ConferenceHosted by Law, Economics and Policy Conference (LEPC)
Nov 28–30, 2022
The 5th edition of the Law Economics Policy Conference (LEPC) is jointly organized by the Institute for New Economic Thinking, INET and FLAME University.
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Podcasts
Ashley Monet & Brandon Dixon
May 14, 2020
Actors, activists, and co-founders of the WeAre Foundation, Ashley Monet and Brandon Dixon, talk to Rob Johnson about how Detroit can once again become an engine of American culture, ingenuity, and progress.
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Podcasts
John Ralston Saul
Apr 22, 2020
John Ralston Saul, writer and political philosopher, talks to Rob about citizenry and society in light of COVID-19. They discuss models for civic engagement that could better tackle the pandemic, as well as other social problems, such as poverty and inequality.
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Video
Growth and Crisis: The Two Faces of Credit
Feb 20, 2012
At least since Joseph Schumpeter we know that credit is good for economic growth. At least since 2007 we know that too much credit foreshadows financial turmoil.
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Video
The Failure of Financial Regulation
Sep 24, 2013
Anat Admati, author of The Bankers’ New Clothes: Whats Wrong with Banking and What to Do about It, talks about how to fix our broken banking sector.
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Working Paper
Working Paper SeriesInnovative Enterprise or Sweatshop Economics? In Search of Foundations of Economic Analysis
Oct 2015
By integrating the history of industrial development in Britain and the United States with the ideas of leading economic thinkers, this essay demonstrates the absurdity of perfect competition as the ideal of economic efficiency.
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Working Paper
Working paperThe Labor Market Consequences of Electricity Adoption: Concrete Evidence from the Great Depression
Feb 2015
When the adoption of a new labor‐saving technology increases labor productivity, it is an open question whether the economy adjusts in the medium‐term by decreasing employment or increasing output. This paper studies the effects of cheaper electricity on the labor market during the Great Depression.
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Grant
Years granted: 2012, 2013, 2014, 2011The Resurgence of Keynesian Macroeconomics
This research project elaborates an original model of Keynesian demand-led growth and communicates Keynesian macroeconomic insights to a broad and diverse audience.
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Grant
Years granted: 2011, 2012, 2013A Failure to Communicate? Central Bank Guidance in Good Times and Bad
This research project aims to better understand the impact of various forms of central bank communication by blending techniques from psychology and political science.
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Site Pages
Q–T
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Video
The Human Cost of Efficiency
Sep 4, 2024
It’s time to rethink the narrative and recognize the real legacy of forced labor.
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Article
Stock Buybacks Hurt Workers and the Economy. We Should Ban Them.
Feb 27, 2018
Workers, innovation, and productivity all suffer when corporations spend their new U.S. tax breaks on stock buybacks.
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Article
Now You See It, Now You Don’t: Antitrust Arguments “Chicago Style”
Aug 17, 2023
ProMarket and the Consumer Welfare Standard An output increase is not sufficient to increase welfare. Allocation—how goods are distributed—matters.
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Article
Missing Voters and Missing Unemployed Black Workers
Mar 3, 2021
Like Republicans with political polls, unemployed Black workers are underrepresented in federal employment data because of non-response.
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Article
Haircuts and Instability
Aug 2, 2011
Updating Hawtrey for the Shadow Banking System
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Article
International money, take 1
May 24, 2011
As a matter of accounting, if the U.S. as a whole buys from the rest of the world more than it sells to the rest of the world, then it must, on net, also be borrowing from the rest of the world. Perry has previously put this into a money-view context.
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Working Paper
Working Paper SeriesNew Evidence on the Portfolio Balance Approach to Currency Returns
Feb 2019
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.
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Grant
Years granted: 2014, 2015, 2016Becoming “Applied,” Becoming Relevant? Three Case Studies on the Transformation of Economics since the Mid-Sixties
This research project investigates how economists sought to make their science more relevant to real-world issues and policy design from the mid-1960s on, by becoming “applied economists.”
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Grant
Years granted: 2012, 2013, 2014The Emergence of a Finance Culture in American Households, 1983-2010
This research project seeks to understand the linkages between the changes in the financial economy and the behavior of households in the real economy.
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Grant
Years granted: 2012, 2013, 2014Economic and Political Determinants of Policy Responses to Crises
This research project organizes a systematic database of policies implemented in response to crises, focusing on fiscal and monetary measures, in order to identify policy action rather than simply looking at endogenous outcome variables.
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Grant
Years granted: 2012, 2013A Constructive Critique of Economic Modeling
This research project argues that economics currently lacks the capability to assess when mathematical modeling, on its own, is a sufficient means for understanding a given set of social phenomena.
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Grant
Years granted: 2011, 2012, 2013, 2014An International Network on Expectational Coordination
This research project addresses in depth the questions of the nature of economic uncertainty, with the aim of revisiting from a new perspective many of the questions that have been raised by the recent crisis both in finance and macroeconomics.
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Webinars and Events
Debt Talks Episode 8 | Public Debt: How Much is Too Much?
Webinarwith Rüdiger Bachmann, Claudia Sahm, Ludwig Straub; moderated by Moritz Schularick
Hosted by Private Debt
Jun 29, 2021
Where are the US and Europe now and where could they be going?
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Person
Joseph Romm
Senior Research Fellow , University of Pennsylvania Center for Science, Sustainability, and the Media Joseph Romm is a leading expert on climate solutions and clean energy and the former acting assistant secretary of energy efficiency and renewable energy at the U.S. Department of Energy. -
Article
Gun Money Predicts Congressional Voting Better Than Party Alone
Jun 15, 2022
An analysis of gun lobby contributions to Republicans and Democrats
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News
Thomas Fricke has an article in Der Spiegel citing an INET study showing that prioritizing health in the pandemic has led to better economic outcomes
Dec 7, 2020
“Calculations by Phillip Alvelda, Thomas Ferguson and John Mallery, which have just been published by the Institute for New Economic Thinking, suggest how scary the choice between life and business is in the corona crisis . A comparison of all possible countries and strategies over the past year then gave a fairly clear picture: Those who consistently aimed to stop the epidemic through hard lockdowns have significantly fewer deaths - even if they initially suffered greater economic damage; while it is with countries like the UK it was exactly the opposite, which initially hesitated with the lockdown and raised all the more money to avoid economic damage. With the fatal result that precisely because of this, the second wave became all the more violent - and economic output collapsed in the end. Conclusion of the study: The more negligent governments allow the pandemic to work in order not to harm the economy, the more the economic costs will pile up over time and ever new waves. Almost no matter how hard these rulers and central bankers try to counter it with economic stimulus programs. The damn virus finds activity between people (also economic) pretty good.” — Thomas Fricke
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Webinars and Events
Global Inequality @Columbia
DiscussionFeb 21, 2013
The relatively new field of inequality studies is gaining increasing momentum as economic disparity grows throughout the world, in advanced countries as well as less developed ones—especially in the United States.
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YSI Event
Prosperity without Growth with Prof. Tim Jackson
YSI
DiscussionNov 23, 2016
The YSI Working Group on Economic Development, the Greenwich Political Economy Research Centre (GPERC) of the University of Greenwich, and the Foundation for European Progressive Studies (FEPS) would like to invite you to a talk by Professor Tim Jackson.
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Person
Josh Lerner
Jacob H. Schiff Professor and Chair of the Entrepreneurial Management unit, Harvard University Founder and Director, Private Capital Research Institute Co-Director of the Productivity, Innovation and Entrepreneurship program, National Bureau of Economic Research Co-Editor of Innovation Policy and the Economy, National Bureau of Economic Research -
Article
Politics & Economics Don't Mix
Mar 4, 2016
Jamie Galbraith and I rarely agree. But we agree here.
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Video
Creating A Legal Foundation For Finance
Sep 4, 2014
How does the law interact with finance? Katharina Pistor on the paradoxical relationship between law and finance.
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Article
The Fairness of Markets
Sep 28, 2015
A student of microeconomics learns that any desirable efficient market allocation can be sustained by a competitive equilibrium (the Second Theorem of Welfare Economics), given appropriate lump-sum wealth redistributions. This is typically understood as a means to correct unfair market outcomes. What are the real world implications of the second theorem? How well does it address distributional concerns?
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News
INET Co-founder William H. Janeway Awarded CBE by Her Majesty the Queen
Sep 23, 2012
INET co-founder William H. Janeway has been granted the honorary award of Commander of the Order of the British Empire (CBE) for services in education and for his support of the University of Cambridge.
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Podcasts
Eileen Appelbaum & Rosemary Batt
Sep 1, 2020
Eileen Appelbaum, co-director of the Center for Economic and Policy Research, and Rosemary Batt of Cornell University, talk about an INET-supported study on the dramatic impact that private equity funds are having on everyone’s medical bills and on the healthcare industry as a whole
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Podcasts
Elaine Brown, Pt. 2
Jun 26, 2020
In the second of a two-part interview, Rob Johnson talks to author, activist, and former Black Panther Party chairwoman Elaine Brown about her music, her housing work and entrepreneurship in Oakland, CA, and the political moment.
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Video
The Hidden Costs of Healthcare
Nov 20, 2019
INET experts discuss how financialization has driven up costs of healthcare—and how we can stop it.
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Working Paper
Working Paper SeriesDemand-determined potential output: a revision and update of Okun’s original method
May 2019
Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why
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Video
The Rise of China and the Future of Work
Oct 29, 2018
The Rise of China and the Future of WorkArtificial intelligence could replace routine jobs but allow us to “pursue dreams”
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Video
How Economists Used to Be Made
Jul 17, 2011
Economists aren’t born, they’re made. Irwin Collier digs into archives to find out how Paul Samuelson and his generation were made.
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Grant
Years granted: 2012, 2013, 2014Voter and Consumer Behavior toward Energy Policy through the Lens of New Behavioral Paradigms: A Path to a Sustainable Economy?
This research project discovers how real people, not just the abstractions of traditional economic theory, respond to various possible policy interventions aimed to bring climate change under control and thus which policies will have the biggest impact.
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Article
@INET Berlin: The Great Divide
Apr 12, 2012
Behind all the technical language and the common theme of bashing bankers, there remains the Great Divide between Germans and the rest.
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Partnership
Boston University Global Development Policy Center
The Boston University Global Development Policy Center is a policy-oriented research center working to advance financial stability, human well-being and environmental sustainability across the globe.
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Working Paper
Working PaperThe U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
Dec 2025
Storm argues the AI data-centre investment boom is creating a bubble that will be socially and financially expensive when it pops.
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Article
Why Economics Curriculum Needs Historical Context?
Jun 24, 2014
Can Economists Be Adequate Without Studying History?
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Article
UK Budget Appeals to Adam Smith's Approach to Taxes... Sort of
Mar 22, 2012
Yesterday the Chancellor of the Exchequer (or UK ‘finance minister’) gave his annual budget speech where UK fiscal policy is set for the coming years.
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YSI Event
Fiscal Union, Social Europe: Synergies and Tensions
YSI
WorkshopApr 13–14, 2017
The YSI Political Economy of Europe Working Group invites young scholars to partake in a Research Seminar aiming to investigate the interplay between fiscal policy in the European Union and domestic social policies of its member states.
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YSI Event
The Trento Experiment
YSI @ The Trento Festival of Economics 2019
YSI
WorkshopMay 30–Jun 2, 2019
This year the YSI participation at the Trento Festival of Economics will be different. There will be no panels with talks that are too long, actually, there will be no talks at all… Welcome to The Trento Experiment!
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Article
The Top Journals Club in Economics
Nov 20, 2018
Prejudice and collusion, not simply research quality, drive journal citations
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Article
Refugees and The Economy: Lessons from History
Mar 16, 2016
What can we learn from the Vietnamese, Cuban, Rwandan, and Syrian refugees crisis?
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Article
OMT: Slouching toward Eurobills?
Oct 30, 2012
The Eurocrisis has many dimensions—bank solvency crisis, sovereign debt crisis, political unity crisis, and economic/unemployment crisis—but time after time it has been the liquidity crisis dimension driving events, and ECB response to the liquidity crisis driving institutional evolution. The reason is simple. Liquidity kills you quick.
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Working Paper
Working Paper SeriesAn Economic Defense of Multiple Antitrust Goals: Reversing Income Inequality and Promoting Political Democracy
Mar 2022
The Consumer Welfare Standard of antitrust is outdated and defective
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Conference Session
The Elephants in the Room: How Will US-China Climate Relations Play Out?
Sep 22, 2021 | 09:00—10:00
The path to sustainable and just climate transition globally cannot happen without meaningful actions and cooperation between the US and China – the world’s largest economies and carbon emitters. What can we expect from US-China climate relations?
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Working Paper
Conference paperInequality and Economic and Political Change: A Comparative Perspective
Apr 2010
This paper describes the broad evolution of inequality in the world economy over the past four decades, and provides a summary account of the relationship between inequality, economic development, political regimes and the functional distribution of income.
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Working Paper
Conference paperAnatomy of Crisis: Economic Theory, Politics and Policy
Apr 2010
The current economic and financial crisis, and it is both, has already imposed great costs on the global economy. Nor is there any guarantee that we have seen the worst and that recovery is now assured.
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Article
New Climate-Economic Thinking
Apr 21, 2015
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Article
Greenspan Calls for New Economic Thinking
Mar 30, 2011
But not by him
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YSI Event
The evolution of capitalism – history, law, and economics compared
YSI
DiscussionJan 30–Jun 19, 2017
This study group aims to reflect on international economic growth, sustainable development and the evolution of economic thinking around capitalism and enterprise through the analysis of a selected multidisciplinary bibliography.
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News
Appelbaum and Batt’s INET working paper is repeatedly cited in testimony for the Senate HELP Committee’s subcommittee hearing
Jun 4, 2024
Subcommittee hearing: When Health Care Becomes Wealth Care: How Corporate Greed Puts Patient Care and Health Workers at Risk
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Video
Austerity Defangs the Celtic Tiger
Sep 11, 2014
Will the “Celtic Tiger” re-emerge or is Ireland’s recovery stunted by austerity programs?
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Video
Early Interventions Lead To Higher IQs
Sep 2, 2014
We can change who we are. We can improve ourselves in various ways, and we can give ourselves possibilities to grow intellectually.
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News
Moving Beyond Washington’s Stale Economic Debate
Aug 30, 2010
In a recent column in the Huffington Post, INET advisory board member Jeffrey Sachs made the case that the economic debate in Washington has become “stale” and politicized - and needs to be reframed. This is poignantly relevant to INET, as we begin to make headway on helping to create a new economic paradigm.
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Podcasts
For Benjamin: Songs of Power, Innocence and Experience
Mar 15, 2021
Influential music and film producer Shep Gordon (named among the 100 most influential people by Rolling Stone) discusses how he helped bring the art of cooking to public awareness, what makes for true happiness, becoming a father to Benjamin at over 70, and the importance of power and innocence. Subscribe and Listen on: Apple Podcasts | Spotify | Stitcher | Google Podcasts | YouTube
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Video
There Is a Way to Stop Machines From Making Americans Poorer
Jun 8, 2016
Technology will ruin America if we don’t compensate for its impact, warns Andy Stern.
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Article
In EU budget debates, ‘technocratic’ veil hides political choices
Apr 8, 2016
As the European Union Commission readies itself for a new round of budgetary recommendations, INET senior economist Orsola Costantini warns that that the debate over how those harsh fiscal constraints are to be determined is based on a formula that masks political choices as technocratic imperatives.
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Video
The Corn Laws: Seeing through the Eyes of Ricardo and Malthus
Oct 15, 2012
The British Corn Returns data provided the empirical basis for the fierce debate around the introduction and repeal of the 19th century British Corn Laws. Contemporary readers, like David Ricardo and Thomas Malthus, followed them as closely as stock market prices of today. Much of 19th century political economy rested on contemporaries’ interpretations of this data.
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News
INET at Oxford Interdisciplinary Research Center Announced
Apr 11, 2012
A new interdisciplinary research center to explore and challenge conventional economic thinking has been created by the Oxford Martin School in collaboration with the Institute for New Economic Thinking (INET).
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Webinars and Events
Trillions in COVID-19 Bailouts: Where Did it Go?
WebinarIn Discussion: Jesse Eisinger, Pulitzer Prize Winner, Senior Reporter and Editor for ProPublica with Rob Johnson, President of INET | 12:00pm ET - 9:00am PT
Jun 18, 2020
In March the US government authorized the largest domestic bailout in history. Who were the real winners and losers of this bailout? Pulitzer Prize winning reporter Jesse Eisinger has been following the money.
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Webinars and Events
How Might the Pandemic Change the World Economy? Peering into the Future
Webinarwith Dr. Kaushik Basu
Aug 6, 2020
While policymakers around the world are in fire-fighting mode, trying to keep the economies in their charge running and the mysterious pandemic under control, the global terrain beneath our feet is shifting. Which countries will emerge as winners and losers in the new global landscape?
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News
The New York Times cites Servaas Storm’s INET Working Paper on Bernanke and Blanchard’s Inflation Explanation
Apr 12, 2024
Peter Coy, in an OpEd for the New York Times, cited Servaas Storm’s INET working paper criticizing Bernanke and Blanchard’s inflation explanation.
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News
Thomas Ferguson's article is featured in the International Economy Magazine
Apr 28, 2021
“The much-touted “new thinking” on fiscal policy and debt is actually very thin and little of it is new. In the 1990s, economist Luigi Pasinetti clarified the folly of the proposed Maastricht criteria for public finances and forecast the coming disaster with those. Subsequently, many economists, including more than a few working with the Institute for New Economic Thinking, showed in detail how austerity reduces potential output over time and how absurd theories about Phillips Curve trade-offs lead to big underestimates of real rates of unemployment. Running below full employment for long periods blows big holes in public finances and thus piles on debt.” – Thomas Ferguson
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News
INET working paper on how maximizing shareholder value led to minimizing national interests is cited in The American Prospect
Dec 7, 2020
“If companies continue to prioritize maximizing shareholder wealth at the expense of other key stakeholders, and at the expense of investing in innovation, then the Green New Deal could reinforce long-standing income and wealth inequities and the decline in innovation in the U.S. economy (for an important example, Bill Lazonick and Matt Hopkins document how maximizing shareholder value minimized the strategic national stockpile for ventilators and personal protective equipment).” —Lenore M Palladino
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Podcasts
Benjamin Grant
May 13, 2020
Rob talks to Benjamin Grant, the founder of Overview, a company that utilizes satellite and aerial photography to study the impact of humanity on the planet and how the planet affects humanity. They discuss the ways that the pandemic is affecting Earth as a whole—from CO2 emissions to water quality—and how humanity can work together as a global commons.
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News
Anatole Kaletsky discusses INET research in an interview with Project Syndicate
Jan 25, 2021
“INET has supported a lot of brilliant academic work in areas such as Imperfect Knowledge Economics, financial regulation, human development, and environmental economics. Such research has helped to discredit the ideas – such as “perfect” competition, “efficient” markets, and “rational” expectations – that formed the ideological foundations for laissez-faire microeconomics, monetarist central banking, and irrational pre-Keynesian fiscal policy, especially in Europe. As such, it has done as much as INET’s other work – including policy research, academic community-building, and deepening collaboration with the International Monetary Fund, the OECD, and other official institutions – to end market fundamentalism’s intellectual monopoly.” — Anatole Kaletsky, Project Syndicate
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Working Paper
Working Paper SeriesComments on Paul Davidson’s “Full Employment, Open Economy Macroeconomics, and Keynes’ General Theory: Does the Swan Diagram Suffice?”
Feb 2016
This is a response to a critique by Paul Davidson of our 2013 book Keynes: Useful Economics for the World Economy and related work, where we describe, amongst other things, how the Swan diagram can be used to show how economies can use policy tools to achieve internal and external balance.
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Video
Facts and Values Are Entangled: Deal with It
Jan 9, 2012
Are there more poor people on our planet today than there were last year? Many economists would approach this question as mainly a technical problem, a matter of counting.
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Grant
Years granted: 2012, 2013, 2014, 2015Capital Controls and the International Monetary System
This research project develops a rigorous new theoretical way to study controls of international capital flows and determine their optimal magnitude using a promising new empirical methodology.
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Grant
Years granted: 2011, 2012, 2013, 2014How Big Is Too Big? What Should Finance Do and How Much Should It Be Cut Down to Size?
This project studies a broad array of financial institutions to discover the impacts of financial regulations on functionally efficient finance, productivity growth, and income distribution.
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Grant
Years granted: 2011, 2012, 2013Extending Macroeconomics and Developing a Dynamic Monetary Simulation Tool
This research project develops a software program for economic simulation that makes it easy to develop dynamic, monetary models of the macro-economy.
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Grant
Years granted: 2011Developing a Market-Based Concept of System Risk
This research project develops an operational measure of systemic risk, as an input into the policy process by capturing the interaction of private and governmental sources of systemic risk during and in advance of the crisis.
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Video
The Economics of Being Seen
May 28, 2025
What does economic inequality look like when we account for gender identity, sexual orientation, and lived experience?
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Working Paper
Working Paper SeriesA Theory of How and Why Central-Bank Culture Supports Predatory Risk-Taking at Megabanks
Dec 2015
This paper applies Schein’s model of organizational culture to financial firms and their prudential regulators.
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Working Paper
Working Paper SeriesLearning, Expectations, and the Financial Instability Hypothesis
Nov 2015
This paper analyzes what assumptions on formation of expectations are consistent with Minsky’s Financial Instability Hypothesis (FIH) and its corollaries.
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Working Paper
Working paperNetworks and Misallocation: Insurance, Migration, and the Rural-Urban Wage Gap
Sep 2015
We provide an explanation for the large spatial wage disparities and low male migration in India based on the trade-off between consumption-smoothing, provided by caste-based rural insurance networks, and the income-gains from migration.
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Video
Can You Trust the Experts?
Apr 10, 2024
Transparency and ethics are critical.
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Person
Kaushik Basu
C. Marks Professor of International Studies and Professor of Economics, Cornell University Former Chief Economist, World Bank Kaushik Basu is Professor of Economics and the C. Marks Professor of International Studies at Cornell University and the former Senior Vice President and Chief Economist of the World Bank. -
Article
Baby Bonds: A Plan for Black/White Wealth Equality Conservatives Could Love?
Oct 25, 2016
Darrick Hamilton calls for spreading the benefits of asset-ownership to all Americans.
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Article
The Promise of Regrexit
Jul 12, 2016
Europe’s leaders must recognize that the EU is on the verge of collapse. Instead of blaming one another, they should pull together and adopt exceptional measures.
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Article
The Fed, Congress, and the President: The Constitutional Authority to Make Money
Apr 6, 2026
The struggle over the Federal Reserve is not just a dispute about central bank independence. It is a constitutional conflict over democratic sovereignty itself: in a representative system, the power to make money belongs first to the legislature, not the executive.