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Consolidation in the dairy industry has created separate, inflexible supply chains for consumers and commercial markets. When COVID killed commercial demand, perfectly good milk and cheese was wasted.

What Strategies can Break This Dependency?

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.

INET Global Commission to collaborate with Pope Francis and Scholas Occurrentes on bringing the voices of young people into the economics profession

The best new economic thinking in an age of the dominance of rent-seeking will be Marxian economic thinking

António Guterres and CGET Commissioners discuss cooperating on inequality, climate change, multilateralism, and more

This research project develops a “Money View” analysis of the recent evolution of China’s financial system.

An update from the meeting of the Commission on Global Economic Transformation (CGET) in Cape Town

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.