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Author and Distinguished Senior Fellow of the Democracy Collaborative, Marjorie Kelly, talks about her recently released book, Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises (Berrett-Kohler, September 2023), which also outlines a vision for democratizing the economy so that it serves the broader public good.

The tradition of abandoning our elderly populations needs to end. Sarita Mohanty talks with Rob Johnson about her work at the SCAN Foundation, and the critical importance of combating “ageism” to strengthening our society. Learn more: https://www.thescanfoundation.org/

Last week the “Macroeconomics in Perspective Workshop” was held at the Department of Economics of the Université Catholique de Louvain (UCL), in Louvain-la-neuve, Belgium

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

In memory of Lance Taylor

Lance Taylor and Özlem Ömer respond to Andrew Smithers’s final comment on their working paper

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.

As in previous years, young scholars will come together in Trento during the annual Festival dell’Economia. This gathering will serve as the YSI Europe Convening for 2018. Attendees will have the opportunity to share their work with YSI members from across Europe, while also partaking in the Festival dell’Economia. 

The paper referenced in this post, “Financialization and U.S. Income Inequality, 1970–2008,” recently was awarded the 2014 Outstanding Article Award from the Inequality, Poverty, and Mobility section of the American Sociological Association.

“I was considering what I was going to do, [and] what I decided I could not do, was stay within the confines of mainstream academic economics.” Rob Johnson talks with INET Co-Founder Bill Janeway about his exciting new project at Cambridge University.

A few days ago, I began researching on the history of a subfield of economics which was born in the sixties, then thrived and institutionalized itself in the early seventies.

Leah Hunt-Hendrix and Astra Taylor talk to Rob about their recently released book, Solidarity: The Past, Present, and Future of a World-Changing Idea. The wide-ranging conversation covers the importance of solidarity in addressing the current crises of economic inequality, climate change, and democracy, emphasizing the need for collective action and social movements to bring about change, as well as the role of education and the arts in fostering a sense of community and shared identity.

Patrick Bond, sociology professor at the University of Johannesburg, South Africa, discusses the urgent need for climate reparations for Africa, in light of the COP26 climate summit, and why market solutions will not work to address the problems Africa is currently facing. Part 2 of 2.

What are the 100 most pertinent economic questions facing our global societ?

“Among those contributions, recent works highlight the deep, radical revision of axioms considered cystic: that hysteresis, the permanence of high unemployment rates over time, is a basic condition to keep inflation under control. Professors Walter Paternesi, Davide Roamniello and Antonella Stirati have empirically demonstrated that this thesis is not permanent and that long-term unemployment can be reversed without a significant spike in inflation (https://www.ineteconomics.org/research/research- papers / on-the-non-inflationary-effects-of-long-term-unemployment-reductions). Another flagship of themainstream that can fall apart.” — Carles Manera, The Worker

Young scholars in the fields of behavioral and experimental economics, philosophy, and related disciplines will be given the opportunity to present their work at a workshop in New York. Samuel Bowles (Santa Fe Institute), Shaun Hargreaves Heap (King’s College London) and Mario Rizzo (New York University) will also present their work and give feedback to the young scholars.

Reinterpreting Bagehot’s mature work as the origin of the key currency tradition

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.

The optimism embedded in the efficient market hypothesis has been one of the main sources of the recent turmoil

The course explores how money markets they work, in the U.S. and internationally.

If the meetings of European historians of economics are urbane and cosmopolitan, the meetings of American historians are, by contrast, frank and toilful.

In response to the walkout staged by students in the intro economics class at Harvard, the Institute launched the syllabus project, 30 Ways to Teach Economics.

Tiger Gao, brilliant young host of the Princeton University podcast, Policy Punchline, interviews Rob Johnson about INET’s aims, the function of economics in academia, and the relationship between Silicon Valley culture and the latest technologies, among other things.

The youth paradox is accentuated by the effects of Covid-19, while the concrete short- and medium-term prospects for young people remain unclear.

In a world that increasingly promotes distraction and isolation, the ability to pay attention to each other has become ever more important. Philosopher Christian Madsbjerg talks to Rob about his new book, Look, which outlines how we can recapture our ability to pay attention.Subscribe and Listen on: Apple Podcasts | Spotify | Stitcher | Google Podcasts | YouTube

Political economist, author, and public speaker Ann Pettifor talks about her latest book, The Case for a Green New Deal, which not only lays out the urgency for such a deal, but also proposes a roadmap for both national and global financial reform to make it possible.

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

Financial Times columnist and author Rana Foroohar talks about her new book Homecoming: The Path to Prosperity in a Post-Global World

Prolific author and philosopher Ervin Laszlo discusses his most recent books, in which he outlines how the latest discoveries in science converge with spiritual insights and point to the ways in which society might evolve in ways that will help overcome contemporary crises.

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.

Brendan Ballou, talks to Rob about his forthcoming book, Plunder, about the growing harmful role of private equity in the US. Ballou is a federal prosecutor and served as Special Counsel for Private Equity in the Justice Department’s Antitrust Division.

INET Berlin 2012 - back home again. On stage, it’s been a huge amount of claims, assertions, and arguments about what went wrong, about what exactly happened, about why this time was different, about what will certainly happen, and about what remains deeply uncertain, about what “we” shall do about it, about what “we” could do better.

Former health insurance executive turned whistleblower and investigative journalist Wendell Potter discusses the many ways in which the private health insurance system of the US is not serving anyone well except the insurance companies’ owners

Dr. Ming Lin spoke out about Covid safety at his hospital and was fired. He’s fighting back against a system that put profits over human life.

The YSI Economics of Innovation, Economic Development and Africa Working Groups, in partnership with Global Network for Economics of Learning, Innovation and Competence Building Systems (GLOBELICS), Globelics Alumni, are organizing the 1st GLOBELICS Pre-Conference for Young Scholars entitled ‘Financing of Innovation and Infrastructure for Development’.

Orthodox macroeconomics has become a place where visions die and hopes are banished, for both liberals and conservatives.

Columbia University’s renowned economist Jeffrey Sachs talks about the lessons he has learned from consulting with governments around the world, about how global problems, such as the war in Ukraine, will only be solved via efforts to understand the other side, never through force.

Rob Johnson interviewed Columbia University historian Adam Tooze in early 2020 about his work on financial history and how it relates to the Green New Deal.

Reflections of the Université Catholique de Louvain “Macroeconomics in Perspective Workshop”

During this interview, Professor Kako Nubukpo, Dean of the Faculty of Economics at the University of Lomé, Togo and former Minister of Prospective and Evaluation of Public Policy of Togo considers the economic and social impact of the COVID-19 crisis and its repercussions on monetary policy and fiscal reforms underway in West and Central Africa today.

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

Luke Burgis, the author of the just-released book “Wanting,” talks about his book, how we come to desire what we desire, and how we can transform desire so as to make the world a better place.

Economic historian and INET board member Richard Vague, talks about his latest book, The Illustrated Business History of the United States, which reveals a number of misconceptions and myths about the development of the US economy

Terrence McNally, the host of the podcast Free Forum: A World that just Might Work, interviews Rob about the current state of the world and what needs to happen for us to get out of the mess in which we find ourselves.

INET’s Berlin Conference, “Paradigm Lost: Rethinking Economics and Politics,” opened yesterday and continues to receive enthusiastic coverage from both local and international press.

Robert Akerlof, economics professor at the University of Warwick, discusses his research into issues of self-esteem and values and how such a focus can greatly improve efforts to make sense of economic activity.

INET board member and Othering & Belonging Institute Director john a. powell discusses the ways in which the pandemic intersects with racial inequality and how government policy could address both problems at the same time.

Reflections on the Radical Vision of Martin Luther King Jr.’s Last Major Speech

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

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 intra-EMU divergences are a feature of the system rather than just a bug.

Between a rock and a hard place

Patrick Lawrence, writer and executive editor of The Scrum, analyzes the roots of US foreign policy failures, how these are reflected in the current confrontation with Russia, which can be found the US establishment’s weddedness to power and to an unwillingness to see the other’s perspective.

Inflation and corporate profits, a further discussion

Populist parties and the decline of progressive politics in Italy

[We are inaugurating something new in this blog: a jointly written post!]

Jim Chanos, the president and founder of Kynikos Associates and well-known investment manager talks to Rob about the post-pandemic financial system, which has become more steeped in a casino culture than it has been in a very long time, and whether China’s financial situation serves as an example or as a warning.

Isabella Weber, assistant professor of economics at UMass Amherst, discusses her new book on how China managed its transition from central planning to markets

A new method developed by INET grantees to estimate country-level citation clubs and self-citations is making waves, with implications far beyond the paper’s initial focus.

Tim O’Reilly, the founder of O’Reilly Media and author of the book, What’s the Future?, talks about how new technology can either be considered a scapegoat or a mirror and what this means for our future.

The education of the next generation of economists too often ignores the real crisis we face today: climate change, inequality, and financial instability. Sam de Muijnck and Joris Tieleman seek to address this problem in their book, Economy Studies, which outlines a practical road map for effectively connecting pluralism of core academic material to real world events, values, and the great questions of our time.

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

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.

Yuen Yuen Ang, political science professor at the University of Michigan and author of the book, China’s Gilded Age, argues that the US and China have more in common than we usually think and that it makes more sense to see the conflict as a clash of two gilded ages instead of a clash of civilizations.

Last weekend, I was in Tübingen - very close to my home town: the same smell, the same surreal Swabian idyll that makes you think of Hölderlin and Hesse rather than DSGE.

Researchers have shown that the financial and economic impacts of denying women abortion care can last years

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.

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

The Risk Society

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

For women discussing economics, it’s still easier to be seen than heard

MIT economic historian Peter Temin discusses parts of his forthcoming book, focusing on the history of mass incarceration of uneducated Blacks and how it has created a permanent class of poor Black Americans

The Bretton Woods conference has a protean character.Talk in the corridors asks “what is it?” Some in the press (lots of press here) believe that deals are being made, the attendance of heavy hitters leads some to believe that consultations and strategies are being outlined for world government (Summers, Stiglitz, Brown, and yesterday Volcker arrived to close the event).

Anand Giridharadas, writer and author of the book, Winners Take All, discusses the multiple crises we are currently facing, how they could provide an impetus for real change, and how US and global elites are failing to live up to the challenge.

John Fullerton, the Founder of the Capital Institute, discusses the urgent need for a new paradigm in economic thinking, modeled on living systems instead of Newtonian physics, which he calls regenerative economics.

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

Kenneth Cukier, senior editor at The Economist and co-author of the book Framers, talks about how mental models, or frames, enable humanity to find the best way through a forest of looming problems.

Alex Thaler, the CEO of the software platform Iconik, and Iconik advisor Adam Cummings discuss how the platform helps shareholders create personalized voting profiles for shareholder meetings, allowing them to increase their influence over companies and give management a clearer awareness of investor goals without abrupt and embarrassing conflict.

Economics Nobel laureate Sir Angus Deaton discusses his latest book, Economics in America, which takes an autobiographical approach to how the field of economics addresses the most pressing issues of our time—from poverty, retirement, and the minimum wage to the ravages of the nation’s uniquely disastrous health care system.

What happened to the dream? Rob talks with David Smick about his new film and the inspiration for the project.

The International Human Dimensions Programme on Global Environmental Change (IHDP) recently published the Inclusive Wealth Report 2012, in which the authors propose a measure of wealth based on the stock of capital present in a country, as opposed to the flow measure of GDP.

Elizabeth Kolbert, Pulitzer Prize-winning writer for The New Yorker, discusses her latest book, Under a White Sky, which explores how technological solutions don’t always lead where we think they will, especially in the face of the climate crisis.

Margaret Heffernan on her latest book, A Bigger Prize: Why Competition Isn’t Everything And How We Do Better