Archive

Were the sharp increases in prices during 2020-2022 due to fundamental shifts in supply and demand or are they attributable to excessive market speculation?

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?

Dive into the complexity of inflation and its impacts from a heterodox perspective, exploring its historical journey, social implications, and potential remedies.

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

How do governments accumulate such high levels of debt without constant major crises? Who is paying the price?

Michalis Nikiforos, Simon Grothe, and Servaas Storm criticize Marc Lavoie’s recent take on the current inflation debate. Marc Lavoie responds.

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.

Changes to deeply entrenched systems of unequal gender power dynamics, roles and relations, underpinned by patriarchal values, are part of an effective response to the prevention of sexual harassment and its economic consequences.

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.

Sandra Navidi shares some of the lessons from her books, and what can be done today for a better tomorrow.

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

Why do economists avoid ethics, and over-simplify harm?

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

Does cyber risk exposure, as opposed to actual incidents, affect firm outcomes?

In honor of the just-announced Nobel Prize in Economics for Daron Acemoglu, Simon Johnson, and James Robinson, we re-post an Economics and Beyond podcast episode from last year, featuring Johnson, discussing Johnson and Acemoglu’s latest book, Power and Progress.

Revenues to GB electricity generators in 2022 increased by almost £30bn, compared to pre-COVID levels.

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.

What’s really causing inequality in opportunities and outcomes for kids?

“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.

Antitrust econometrics relies on often-implausible assumptions

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

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.

INET-funded study: Government provides early investment in pharmaceutical innovation

Discussions on the key conceptual and policy themes for sovereign debt sustainability with a view to proposing possible policy reforms.

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.

OK, but why? This is the question we ask daily at INET. We sit down with experts from around the world to find out what they think, since sometimes it’s the simplest questions that have the most important answers.

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.

Despite the shock and the costs, the sanctions imposed on the Russian economy were in the nature of a gift.

Anton Jäger discusses his new book “Welfare for Markets: A Global History of Basic Income” co-authored with Daniel Zamora Vargas.

Daniel Zamora Vargas discusses his new book “Welfare for Markets: A Global History of Basic Income” co-authored with Anton Jäger.

Ferguson et al.’s revised INET working paper on Trump and the 2016 election is temporarily available on open access from the International Journal of Political Economy.

Hannah Farber discusses her book and explains how the insurance business and the United States discovered that they were good for one another.

Inclusive development especially the role of employment opportunities in a changing world of work and the environment in envisioning inclusiveness

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

Featuring articles by James B. Thomson and Walker F. Todd, Claudia Sahm, Gerald Epstein, Ronnie J. Phillips, Anastasia Nesvetailova, Gerald P. O’Driscoll, Jr., William Bergman, and Thomas Ferguson

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

Historians Naomi Oreskes (Harvard University) and Erik Conway (Caltech) talk to Rob about their just released book, The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market.

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.

A Balance-of-Payments Constrained Growth Perspective

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

INET Grantee & Academic Advisor Perry Mehrling talks about his new book “Money and Empire: Charles P. Kindleberger and the Dollar System”

The Kauffman Foundation provides access to opportunities that help people achieve financial stability, upward mobility, and economic prosperity – regardless of race, gender, or geography.

The Boston University Global Development Policy Center is a policy-oriented research center working to advance financial stability, human well-being and environmental sustainability across the globe.

On the passing away of Edward J. Kane

Jamee Moudud discusses the circular relationship of law, politics, and economics.

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

On the dereliction of key US-based business corporations to take the lead in making the investments in organizational learning required to generate cutting-edge communication-infrastructure products.

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

What is your first association when somebody talks to you about the economy?

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

Melanie Xue shares insights from her research into the parallel history of women and the intelligentsia in Chinese society.

INET is invested in identifying the complex global interactions that influence poverty and development with a focus on strategies that have proven successful in promoting equitable growth, promoting capabilities, and reducing poverty.

Financial Times columnist Martin Wolf discusses his just-released book

The market can’t save us.

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

If primary commodities and mid-to-high-tech manufacturing products are produced by industries with different wage shares, there are distributive implications of deepening trade integration with certain regions with respect to others.

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

On the passing away of Luigi Pasinetti

Generosity or greed? The roots and fruits of venture capital might not be what you have been led to believe.

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

The principal threat to economic stability currently is the overhang of debt, both private and public.

If time is money, then why is it often ignored in relation to inequality and gender?

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

Increased hospital system consolidation in small Metropolitan Statistical Areas is adversely related to nurse wage growth.

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

Conspicuous Consumption in the US & Germany

Things are going to break and central banks are going to have to respond, but the mental frame that most people will be using is not well suited for understanding how the world now works

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.

A critical reappraisal of the case in favor of monetary tightening pressed by inflation hawks is overdue.

Will Milberg discusses the unique history of The New School for Social Research, and why its traditions are particularly relevant today.

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

The Consumer Welfare Standard is severely limited or defective, preventing it from being an appropriate standard for modern antitrust.