Archive

The monetary policies of major central banks in advanced economies have had negative consequences and thus need to be fixed

Reaching climate goals means rich countries must invest in sustainable technologies in developing countries with huge energy needs.

The bundle of sanctions was initially designed and imposed in haste, with little basis to assess historic performance.

On the reflexive relationship between inflation and inflation narratives

The effect of monetary policy on the functional distribution of income

Dr. Agnes Kalibata, President of AGRA, on how the Ukraine conflict has been a big wake-up call for many African governments, the huge importance of investing in soils, and her frustration at the slow pace of climate mitigation.

In The Measure of Our Age, elder justice expert M.T. Connolly, who served as coordinator of the Department of Justice’s Elder Justice Initiative, offers both a warning and challenge: the systems we rely on to protect us as we age haven’t caught up to our longevity. Good news: we have the tools to build better ones.

By reducing our reliance on chemical fertilizers, policymakers could turn today’s food crisis into a genuine opportunity towards shifting subsidies from agribusiness-led to agroecological-led farming systems

Preface to the Japanese Edition of Golden Rule

Fredrik Albritton Jonsson and Carl Wennerlind reveal how centuries of belief in infinite growth on a finite planet have put us all in danger

The tough policy choices ahead for confronting the climate crisis

The role of speculation in the crude oil market in the increase in the WTI crude oil price.

Dr. Ming Lin, and healthcare providers like him, are fighting to take back control of medicine from private equity firms that are gobbling up practices and facilities. Should Wall Street make life-and-death decisions based on the bottom line?

Inflation and corporate profits, a further discussion, responding to Servaas Storm

Inflation and corporate profits, a further discussion

Every banking crisis has its own overarching narratives and coincidental streams of various sub-narratives that course through the marketplace day to day.

Smith did not advocate a single-minded pursuit of profit

Besides changes in institutions and social norms, other phenomena could explain a rise in the profit share.

To what extent is profit-led inflation compatible with what we know about the price-setting behavior of firms and income distribution?

The wage effect of hostile working conditions, mainly in terms of sexual harassment risk in the workplace, should be considered and monitored as a first critical step in making women less vulnerable at work and increasing their bargaining power.

In her new book “Naked Feminism,” Victoria Bateman explains how economic conditions drive restrictions on women’s bodily freedom and why that freedom is critical to economic prosperity.

What is the real reason Democratic party leaders go along with the debt ceiling ritual?

Using computational linguistics to estimate firm-level cyber risk exposure based on quarterly earnings conference calls.

Dennis Kelleher, co-founder of Washington DC-based financial watchdog Better Markets, explains how Main Street gets hurt by the ongoing banking turmoil and why crypto is the last place anybody should be running to for safety.

“We need to look at the early warning systems in place and aspire to attain food security.”

Current tests for mergers are in practice deeply flawed.

In his new book, “Plunder: Private Equity’s Plan To Pillage America,” Brendan Ballou, a federal prosecutor who served as Special Counsel for Private Equity in the Justice Department’s Antitrust Division, outlines the dangers of a trillion-dollar industry that hardly anyone understands. He explains how Americans can fight their harmful practices.

What happens when we fuse, for the first time, artificially intelligent agents into either our market or political structures?

Professor Youba Sokona, Vice-Chair of the Intergovernmental Panel on Climate Change (IPCC) and African energy specialist, on how the Ukraine conflict had re-shaped thinking amongst many Africans, and on the transformation in leadership needed to address the problems faced by the majority of Africa’s people.

Martín Guzmán, ex ministro de Economía de Argentina, explica cómo el rol del poder debe ser central en la investigación económica, especialmente cuando se trata de deuda soberana.

Martin Guzman, Argentina’s former Minister of Economy, explains how the role of power should be central to economic research – especially when it comes to sovereign debt.

Sanctions on Russia are isomorphic to a strict policy of trade protection, industrial policy, and capital controls.

Morale hazard can turn into a darker ‘moral’ hazard

There needs to be a safe place for businesses to place their reserves and working capital

There is a banking crisis. Again. Banking regulators were asleep at the switch. Again.

A federal government guarantee or 100% reserve banking? Which is better?

Bank failures don’t threaten most deposits, but they do threaten jobs

The explanation of systematic breakdowns in supervisory oversight over time must include the shift in Federal Reserve culture during and after the 1990s

Austerity for ordinary citizens and bank rescues for the affluent is a toxic mix

This time is different. But is it?

In the following conversation, law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking

A new book by economist Richard McGahey examines the country’s anti-urban structure and ideology, offering insights on how American cities can thrive.

Vera Songwe, Chair of the Liquidity and Sustainability Facility, and former Executive Secretary of the UN Economic Commission for Africa, on the multiple crises facing African countries.

INET Research on Financial Sector Weakness and Too Big to Fail

A model that captures key vulnerabilities and structural weaknesses of developing countries’ trade and production structures.

The contrasting ideologies at play in this tech sector mirror the conflicting ideologies in economics

On the passing away of Edward J. Kane

Cisco’s turn from innovation to financialization and what it means for the competitive position of the US information-and-communication-technology industry

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

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

How a bleak Christian theology influenced the development of the dismal science

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

On the passing away of Victoria Chick

Why the conventional tools of the Phillips Curve, NAIRU, potential output, and money-supply growth are useless

On the passing away of Luigi Pasinetti

Possible repercussions of economic crisis on the stability of democracies that already show significant signs of fragility

Cryptocurrency was supposed to change the economic outlook for Black America. For many, it made things worse.

Growing consolidation in localized hospital markets appears to restrict nurse wage growth

Why does the apparently prescient and correct “key currency” view remain an embattled minority view?

The advent of military Keynesianism is a warning against complacency about the moral superiority of the West in defending Ukrainian democracy.

A Bank for International Settlements study says 60+ trillion dollars of off-the-books currency swaps could be a profound, systematic risk. Robert Johnson joins Paul Jay on theAnalysis.news.

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

Salaries in the U.S. aren’t keeping up with inflation, despite pandemic-related increases in some sectors. That’s a major threat to the future for all working Americans – especially the youngest.

As 2022 comes to a close, panelists discuss the immediate prospects for the global economy, the dangers of a lost decade for developing countries and what needs to be done to put the SDGs back on track.

How Showering Money on Both Parties Paralyzed Regulators

Despite the accumulation of serious and unsolvable problems, the Consumer Welfare Standard survives and continues to be taught to students for reasons unrelated to theoretical consistency and empirical confirmation.

Entretien avec Gilles Yabi, directeur exécutif du Think Tank ouest-africain WATHI, sur la sécurité alimentaire en Afrique

An interview with Gilles Yabi, executive director of the West African Think Tank WATHI, on food security in Africa

Evidence sharply contradicts PhRMA’s contention that its member companies need unregulated drug prices to generate profits that they then reinvest in drug innovation.

“We risk a global decoupling in which East and West face off in a cold war, and Africans are caught in the middle,” says Professor Carlos Lopes in an interview with Folashadé Soulé and Camilla Toulmin

Economist Cristina Caffarra, a leader in competition and antitrust, warns that ever-expanding tech giants raise concerns about the extent of their power.

What Strategies can Break This Dependency?

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.

In her new book, veteran Wall Street watcher and economist Nomi Prins warns that central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos.

The current energy market structures, including the short-run-marginal-price-on-all nature of the current wholesale market, are not fit for a transition to a renewables-dominated system.

Quels sont les problèmes à long terme qui doivent être résolus et quelles sont les solutions disponibles?

What are the long-term problems that need to be addressed and what solutions are out there?

Economic issues are a primary part of Trump’s appeal to his base

Why to Be Wary of Another Volcker-Type Monetary Tightening

The debilitating challenges women face in being heard are detrimental to economic prosperity and to democracy itself.

Antitrust expert Hal Singer shows how big businesses in certain industries are taking advantage of inflation worries to jack up prices far beyond their cost increases, all the while raking in robber-baron profits.

Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort

In the papers of economist Charles Kindleberger, Perry Mehrling found notes on the paper that won Ben Bernanke his Nobel Prize.

How do we regulate an information utility?

In a new book, Alligators in the Arctic and How To Avoid Them, Peter Dorman shows how flawed academic models, faulty assumptions and unrealistic schemes grossly underestimate what’s needed to stop catastrophic warming. He argues for a straightforward carbon emission budget – plus the active citizenship required to fight big businesses that want to keep doing business as usual. Lynn Parramore explores his findings and talks to the economist about the path forward.

Servaas Storm’s commentary for an INET symposium on the Inflation Reduction Act

Thomas Ferguson’s commentary for an INET symposium on the Inflation Reduction Act

Price inflation, marginal cost pricing, and principles for electricity market redesign in an era of low-carbon transition

Because global warming doesn’t take a holiday

Is it good for your wallet? A climate bill in disguise? Landmark action or nothingburger? Economic experts assess the Democrats’ legislative victory for the Institute for New Economic Thinking.

How big tech barons crush innovation—and how to fight back

In memory of Lance Taylor

China’s successful technological development path stands in contrast to the corporate financialization model in the United States

Ruskin scholar Jeffrey Spear, author of “Dreams of an English Eden: Ruskin and his Tradition in Social Criticism,” discusses how the insights of a key 19th-century thinker can help us build a new paradigm for protecting the planet – and save us from ourselves.

Everyone at INET is saddened by the news that our colleague Lance Taylor passed away on Monday, August 15th, 2022. His loss leaves a giant hole in our hearts as well as in the field of economics. His talents and achievements were prodigious and we will miss his cheerful and inspiring presence. Words help little on such occasions, but we would like to extend our condolences to his wife Yvonne, and his children Signe and Ian.

Researchers find that the nation had become an outlier among other rich countries in mortality rates long before the pandemic – and that Americans are dying younger than their peers abroad.

Real Estate Investment Trusts (REITs) are considered “passive” investors and are exempt from corporate tax. But in reality, they play a very active role in reshaping whole industries, like healthcare.

Author and law professor Maurice Stucke warns that as fundamental privacy rights vanish, your personal data can and will be used against you.

Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral

Stagnating real wages may have contributed to the slowdown of US productivity