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Mike Spence talks with Rob Johnson about his upcoming co-authored book “Permacrisis”, India and the G20, and bringing the world together to address our shared challenges.

Greater efficiency, lower costs, and universal coverage make it the sustainable option, say some top economists

US regulators can step in to ensure drug pricing both supports patient access and drug development

As part of our ongoing symposium “Experts on Trial”, Professor Sheila Dow argues that if voters have grown contemptuous of economists’ expertise, that’s because economics has been misrepresented as a technical subject separate from politics and moral judgments

Conventional wisdom asserts that American politics is becoming more and more tribal. But the chiefs of the tribes share a lot in common: dependence on big money.

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

INET talks to Alicia Bárcena Ibarra, Claudia Goldin, and Maria Cristina Marcuzzo

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

Doctors and medical experts say private equity firms and profiteering corporations are putting American lives at risk and compromising the practice of medicine.

Unregulated, speculative lending markets nearly brought down the global financial system 10 years ago. Now, Western banks are exporting this failed model to the developing world.

Experts are clear that working into old age often threatens the health and well-being of U.S. seniors.

Affordability of electricity and concerns about fossil fuel pollution, water resources, and job loss, have driven a rebellion against data centers that is both grassroots and bipartisan. It’s time for cleaner, faster and cheaper solutions.

Growing income inequality is threatening the American middle class, and the middle class is vanishing before our eyes. We are still one country, but the stretch of incomes is fraying the unity of our nation.

Professor Glenn Hubbard, professor of Finance and Economics at Columbia Business School, talks about his just-released book, The Wall and the Bridge: Fear and Opportunity in Disruption’s Wake, and how society and policymakers can help those who are left behind in the wake of today’s competitive world.

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.

Reindustrialization vs Financialization

Contrary to its image as a cash-strapped, transparent public service, Wikipedia is a wealthy NGO with close ties to big tech companies that it tries to obscure

A comment on Goher-Ur-Rehman Mir and Servaas Storm’s Carbon Emissions and Economic Growth: Production Based vs Consumption-Based Evidence on Decoupling

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

Policies based on faith in the “market” as a principle of social organization have wrought havoc with a founding principle of American democracy

Patrick Gelsinger stepped down as INTEL’s CEO on December 1. We published an analysis last August that provides context for why this is significant for the company and the US economy.

To connect across difference is the only thing that will save us from rule by the privileged few.

Andrea Gabor, author of “After the Education Wars,” discusses how California is pushing back on millionaire-driven charter schools. Will the rest of the America follow?

After years of amassing power, the tide is turning against the tech monopolies

Journal rankings are a rigged game. The blacklist of history of economic thought journals isn’t a fluke nor a conspiracy—it exposes how citation rankings really work

Real existing neoliberalism as a set of social facts distinct from a purist ideology has proven remarkably adaptable and politically resilient 

For years, governments in India and much of the developing world have followed the advice of a paper arguing that labor regulations actually hurt workers. The problem? The research was wrong.

To get justice, targets must show measurable harm: economists can help.

If we can measure mobility, we can raise a better society.

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.

And electric vehicles don’t do a lot better

How can we understand the bright and dark sides of China’s gilded rise? Through the lens of American history.

An excerpt from the just released book, The Outlier, by Kai Bird

The country’s flawed insurance model, driven by greed, leads to inefficiency, inequality, and denied care - a colossal scam that has sparked fury across the nation.

Predetermined profit margins and prices hidden in the back end of a transaction are really just market failures.

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

A comment on the Securities and Exchange Commission’s proposed rule “Share Repurchase Disclosure Modernization”

Paul De Grauwe raises very important questions on the institutional structure of Europe and how it must be modified to fortify the euro zone.

In the face of  laissez-faire capitalism at home and resurgent nationalism across the globe, INET offers an innovative look at the causes of—and solutions for—the problems that ail a fissuring world economy.

It is high time to look more closely at the labor cost competitiveness myth.

In this interview, Mr. Mossadeck Bally, a Malian businessman and CEO of Azalai Hotels Group and member of GRAIN (Group of Reflection, Actions and Innovative Initiatives) discusses the economic impacts of the COVID-19 pandemic on his hotel group, the role of the Malian private sector in the economic recovery plan, youth employment and the solutions that must be provided to the political crisis in Mali.

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

Peter Barnes, the entrepreneur and author of the recently published book, Ours: The Case for Universal Property, talks about how new conceptions of property - a universal commons - could fundamentally transform capitalism to make it more ecologically and socially sustainable.

Why it’s time to repeal the debt ceiling and replace it with a ‘truth in borrowing’ act

The Irresistible Force Meets the Immovable Object?

The co-founder of the Campaign for America’s Future, Robert Borosage, discusses the many potential pitfalls the Biden administration must deal with, from a new cold war with China, to the persistence of market fundamentalism.

How Investor-owned Physician Practices Are Driving up Healthcare Costs

INET’s Research Director Thomas Ferguson discusses the latest analysis he and his colleagues have conducted of campaign spending in the 2020 election cycle. The result dispels the myth that money has lost significance and that Republicans were at a significant disadvantage.

Phillip Alvelda, a former DARPA program manager, reveals how a fracturing federal system has opened the door for bold state leadership. Will blue states rise to build a healthier, more just future?

In this episode of Economics and Beyond with Rob Johnson, Michigan Secretary of State Jocelyn Benson discusses her book The Purposeful Warrior, which explores choosing courage over fear and standing up for democracy.

In what sense are central banks really independent? From whom are they independent? For whom in society do they deliver?

How must the European institutional structure be modified to fortify the euro zone?

Luohan Academy’s Director Chen Long discusses the academy’s latest report, on the benefits of creating a “digital circular economy,” which would go a long way towards reaching net zero carbon emissions and addressing the climate crisis. Report link: https://www.luohanacademy.com/insights/bc89734b94adf00c

David Sirota joins Rob Johnson to examine the history and impact of money in U.S. politics, as explored in Sirota’s investigative podcast series, “Master Plan.” Sirota discusses how a series of judicial rulings and policy changes since the 1970s enabled a system in which the voices of wealthy elites overshadow those of ordinary citizens.

Pharmaceutical drugs are often a matter of life or death. It should be a prime objective of government policy to rid the industry of financialization.

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

Does general equilibrium theory sufficiently enhance our understanding of the economic process to make the entire exercise worthwhile, if we consider that other forms of thinking may have been ‘crowded out’ as a result of its being the ‘dominant discourse’? What, in the end, have we really learned from it?

How much does the standard theory of externalities and public goods really say?

When an economic model fails, it is reality—and the people living in it—who pay the bills while the model lives on, unscathed.

If we’re going to address environmental catastrophe, we need to support each other on a global scale. Rob Johnson checks in with Adair Turner about his work, and practical solutions to address the climate crisis.

Ten years after Lehman Brothers’ collapse, the Wall Street casino is running amok

Understanding the forces shaping our digital future.

The renowned linguist, cognitive scientist, and historian on where we stand as an economy, as a country, and as human beings

Why do market-centric fixes for “unequal exchange” fall short? Sidelining social relations and production power turns colonialism into a pricing problem—and hides the mechanisms that keep uneven development in place.

Many Americans have expressed outrage over Pfizer’s plan, through its merger with Allergan, to move its tax home from the United States to Ireland. Now, in a New York Times op-ed, Carl Icahn, the billionaire corporate raider turned hedge fund activist, has joined the chorus. He labels the Pfizer-Allergan deal a “travesty,” blaming the U.S.’s “uncompetitive international tax system.”

Inflation and corporate profits, a further discussion

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

The McKinsey report’s highlighting of an extremely high job vacancy ratio in recent years does not reflect the true state of the U.S. labor market.

Contrary to the neoclassical model’s assumptions, shifts in aggregate demand have persistent effects on GDP

Adam Tooze, director of Columbia University’s European Institute, discusses his new book with Rob Johnson.

Austerity has nurtured resentments that will likely make the populist right PVV the biggest winner in the March 15 election — but without the majority or the allies needed to govern

MIT economic historian Peter Temin discusses his new INET-CUP book, Never Together: The Economic History of a Segregated America, in which he shows how efforts to bridge the gap between races were always undermined, resulting in constant economic hardship for Black people.

The Risk Society

Germany’s debt brake and EU fiscal rules will make it well neigh impossible for EU countries to fund the investments needed to decarbonize their economies.

Climate scientist Michael Mann discusses his new book, The New Climate War, in which he outlines the many ways in which powerful interests deflect, divide, and delay, to prevent real action that would avert the climate crisis

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.

Economists like to say they’re immune from ideological influence. Our research shows the opposite.

Arjun Jayadev, economics professor at Azim Premji University in Bangalore, India, and Achal Prabhala, coordinator of the AccessIBSA project, discusses the urgency of waiving intellectual property protections for vaccines, particularly in light of the on-going COVID-19 pandemic in India and other developing countries.

A reference guide to all Institute for New Economic Thinking (INET) community presentations at the Eastern Economic Association’s (EEA) 2017 annual meeting

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

Why Pushing on a String Has Never Worked

As young scholars, we have formulated a new plan for fostering diversity in both identity and scholarly thinking in economics—preconditions for academic rigor.

Why to Be Wary of Another Volcker-Type Monetary Tightening

Austerity policies will slow recovery and should be rejected

The $1.9 trillion stimulus should be large because the need is large

Digital technology researcher and lawyer Dina Srinivasan discusses the ways in which digital tech companies such as Facebook and Google take advantage of their monopoly positions to the detriment of competition and of the public.

Going Down the Rabbit Hole at Jackson Hole

David Fenton, the founder of the progressive PR firm Fenton Communications, takes a close look at what needs to be done to improve how we talk about the climate emergency so that everyone listens and acts accordingly

Ten years ago when Bear Stearns crashed, the Fed decided to bail out first, ask questions later. It was a mistake that set a bad precedent.

A review of Perry Mehrling’s book, Money and Empire: Charles P. Kindleberger and the Dollar System, and an exploration Mehrling’s discussion of the 1982 correspondence between Charles Kindleberger and Ben Bernanke examining their theories concerning financial crises.

Forget the myth of a savings glut causing near-zero interest rates. We have a shortage of aggregate demand, and only public spending and raising wages will change that.

Ratner and Sim’s “Who Killed the Phillips Curve – A Murder Mystery”

While many countries throughout the world have faced severe financial crises over the last decades, and while the Japanese stagnation and the 1997 Asian financial crisis did induce some additional interest for the introduction of banking and finance in macroeconomic theory, it is only with the advent of the US subprime financial crisis that macroeconomic and monetary theories put forward by mainstream economists have started to be questioned.

We are in the midst of another global transformation, but this time we might have the tools to get it right.

Oxfam’s Economic Justice Director, Nabil Ahmed, and Oxfam International’s Inequality Policy & Advocacy Lead, Max Lawson, discuss their latest Global Inequality Report, which highlights the accelerating pace at which the world’s billionaires have increased their wealth exponentially in recent years. They also discuss the ways in which governments can reverse this trend through taxation.

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.

Effective and quick federal policy response is critical to create conditions for a quick recovery.

Repeat after me: How much pipe should Fed plumbers lay if Fed plumbers like to lay pipe?