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Mainstream economists have ignored private debt to our peril

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

It’s time for business executives, employees, and taxpayers to come together to help get us out of the pandemic and create conditions for a sustainable and equitable future

Spain’s future path for economic policy will soon be decided.

The Young Scholars Initiative is hosting its regional convening for Latin America in Mexico City from 17-21 June. 

Lower Income Towns in New Hampshire Voted Heavily for Sanders; Richer Towns Did the Opposite.

Albeit the majority of the profession either ignores Minskyís Financial Instability Hypothesis (FIH) or considers it plainly wrong, at least since the mid-80’s a few influential economists —who have certainly not embraced any unorthodoxcredo —have grown more receptive to this idea and eager to incorporate it in their models, even if diluted and sometimes disguised in order to make it more palatable to the conventional “representative” macroeconomist

Introducing INET’s body of work on dysfunctions in research evaluation, Rob Johnson shows how breaking academic conformity is vital for the economics profession—and the economy itself.

The “liquidity” support provided by the Fed to megabanks through cross-border lending in fact acted as subsidies

Targeted Measures and Subsidies for Cost Effective COVID-19 Abatement

We are not “all in it together.”

The limitations of the benchmark E-DSGE framework and how these limitations restrict the ability of this framework to meaningfully capture the macroeconomics of the climate crisis.

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.

Returns on wealth exceed growth for more countries, more years, and more dramatically than Piketty has found

John Eric Humphries is a member of the Inequality: Measurement, Interpretation, and Policy (MIP) network and a National Science Foundation Graduate Research Fellow in the Department of Economics at the University of Chicago. He is the co-author of the book, The Myth of Achievement Tests, The GED and the Role of Character in American Life, along with James J. Heckman and Tim Kautz. Humphries is also a 2013 alum of the Summer School on Socieconomic Inequality.