Archive

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

Pari passu clauses were deliberately crafted to gain an upper hand in sovereign bankruptcy disputes brought to the London stock exchange’s jurisdiction

The depth of the U.S. securities market helps ensure dollar hegemony

James K. Galbraith responds on the U.S. dollar system

New mandates must beget new organizing

Billions living in insecurity and injustice is hardly a rational system.

How can we develop a deeper, more human and multifaceted understanding of the past?

An analysis of gun lobby contributions to Republicans and Democrats

Besides the crucial COVID-19 vaccine patent waiver, far more is at stake at this ministerial than is generally known.

Evidence-based answers to the main (policy) questions concerning the return of high inflation

James M. Buchanan’s defenders argue he was not racist because of his ties with the anti-apartheid economist W.H. Hutt, but this defense fails miserably

An obituary for Axel Leijunhufvud (Sept 6, 1933 - May 5, 2022)

Author and law professor Maurice Stucke explains why the practices of Google, Amazon, Facebook, and Apple are so dangerous and what’s really required to rein them in. Hint: Current proposals are unlikely to work.

In a harrowing new book, scholar Laura Katz Olson pulls back the curtain on a shadowy Wall Street threat that is taking over health care companies – and preying on human lives.

The multipolar financial world is here. The United States can survive it – but only with major political and economic changes at home. It’s time to start thinking about what those need to be.

As women’s rights to make reproductive choices come under assault, historian John M. Riddle argues that abortion has been far more essential to human history than you might imagine.

Contrary to the neoclassical loanable funds theory, historical bond yields show Keynes was right that “convictions” anchor long-term interest rates

Re-evaluating the “equality-efficiency” trade-off

Regulators propose democratizing data and encouraging competition to reign in Big Tech. But such moves won’t go far enough in protecting user privacy. New: A reply to critics

Economic sanctions against Russia are adding to a major redistribution of income from workers and middle-class consumers to profits in international trade.

Veteran researcher sheds light on what’s going on, how long the pain might last, and possible paths forward.

On April 4th, 1967, at a time when the justness and necessity of the Vietnam War was broadly accepted, Dr. King issued a stirring rebuke of the U.S. establishment. He was criticized heavily for challenging US foreign policy; he was told to stick to civil rights.

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

The Consumer Welfare Standard of antitrust is outdated and defective

Distinguished Public Lecture on “Making India a Prosperous and Happy Nation @100”, by Dr. Ajay Chhibber, Distinguished Visiting Scholar, Institute for International Economic Policy, Elliott School of International Affairs, George Washington University on Tuesday, 22 March 2022.

An alternative to Dynamic Stochastic General Equilibrium (DSGE) models

The social cost of America’s economic royalty

The neoliberal economy was supposed to bring about a utopian world order. Instead, it gave us crippling psychological stress and social breakdown. How can we ever recover?

Fragility and Resilience in Green Development in Africa: Intersections and Trade-offs

An interview with INET Global Commissioner Winnie Byanyima

How could the new SDR allocation help developing countries?

An overview of the current digital access landscape in Africa

Lynn Parramore explores Peter Temin’s new book on the country’s two economic histories: progress for whites, slavery and segregation for Black people. He warns of a second-tier global future unless they come together.

President Biden’s first SOTU Address was a missed opportunity to say what he knows to be true: Stock buybacks manipulate the market and leave most Americans worse off

Legislators who vote together get paid together

EEO-1 employment data document the vast over-representation of Asian Americans and vast under-representation of African Americans at tech companies in recent years. How did this happen?

VIDEO

A new global economic system has to be based on a key principle of Bretton Woods: multilateralism

In a new book, How Novelty and Narratives Drive the Stock Market, economist Nicholas Mangee examines the influence of stories on stock market outcomes in an uncertain world.

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

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 society where asset ownership is incredibly unequal, social mobility becomes severely diminished

A review of regional integration in Africa

Researchers studying beasts that pass on resources and advantages to offspring have raised the old question of whether humans are destined to live in stratified conditions. Your view may depend on your relative position.

The pandemic and electrification are shaking the foundations of the auto industry

How did this dire situation come about?

Evidence reveals our remote ancestors were neither brutes nor innocents, but complex beings whose experiments in living have much to teach us. Welcome news as disaster looms in every direction.

A new view of stock market instability under Knightian uncertainty

Many studies of the effect of climate change on GDP seriously mislead the research community, policymakers, and the general public.

The INET community mourns Harcourt’s passing

By helping abate the liquidity crisis, incidences of banks becoming insolvent are reduced, and hence moral hazard in its severest form is minimized.

A response to Phillip Magness in The Wall Street Journal

It’s time to prioritize mental well-being to avoid far-reaching economic and social consequences.

An interview with Dr. Ibrahim Mayaki, CEO of the African Union Development Agency (AUDA-NEPAD)

Economists Claudia Sahm, Servaas Storm, and Pia Malaney share their views on the problem that has everyone freaking out. Here’s what it all means for your pocketbook – and your democracy.

Covid and BLM protests were key to Biden’s victory

The curious case of the Wall Street Journal article on Virginia and school vouchers

Governments and civil society organizations must work together with UNCTAD to provide developing countries the tools — and the transformed governance regimes — they need to “build back better” through these challenging and difficult times.

Economic journalist Martin Wolf’s address to the Center on Capitalism and Society at Columbia University’s 20th anniversary conference, Economic Policy and Economic Theory for the Future

In a trend that has surprised social scientists, fathers are seeking better work/life balance and rejecting their pre-pandemic status as secondary parents – a movement that’s good for moms, too.

Swift reorganization or liquidation of insolvent businesses is the single best policy to deal with corporate debt booms.

An interview with John Nkengasong, Director of Africa CDC, about how a coordinated response to COVID-19 in Africa has proven to be effective

Between a rock and a hard place

An interview with the Industrial Development Advisor in the Office of the Director-General of the South African Department of Trade, Industry and Competition (DTIC).

Open-ended polling responses reveal considerably more complexity – and more ambivalence and negativity – in Americans’ views of international trade than has been inferred from widely cited closed questions

Famed short-seller is even more concerned with political fallout from Evergrande than economic/financial woes.

In the 19th Century, “hypothecations” provided investors with valuable information on sovereign fiscal resources

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

In this interview, Dr. Folashadé Soulé and Dr. Camilla Toulmin speak with Pr. Mzukisi Qobo. Pr Qobo is the Head of the Wits School of Governance, University of Witwatersrand, South Africa.

Stock-Price Volatility During the Pandemic

To strengthen the American semiconductor industry, Congress should condition additional funds on suspending stock buybacks

What does Biden’s economic policy mean for the future?

“School choice” aimed to block the choice of equal, integrated education for Black families

Dr. Ming Lin complained about Covid-19 safety measures at his hospital. He got fired because a giant Wall Street firm called the shots.

In this interview, Dr. Folashadé Soulé and Dr. Camilla Toulmin discuss with Nanjala Nyabola, a writer and researcher based in Nairobi, Kenya. Nanjala’s work focuses on the intersection between technology, media, and society. She is currently the Director of Advox, the digital rights programme at Global Voices. Nanjala has held numerous research associate positions including with the Overseas Development Institute (ODI), the Oxford Internet Institute (OII), and other institutions, while also working as a research lead for several projects on human rights broadly and digital rights specifically around the world.

Going Down the Rabbit Hole at Jackson Hole

On deregulation and Covid masks, libertarians are loud. On female liberty, deafening silence.

In Europe, imbalances in the structure of the automotive and a lack of industrial policies risk creating a deadly cocktail for millions of European workers just as the auto sector is undergoing decisive changes.

“Just learn to live with it” policies subject children to an experiment with a systemic disease that does serious and lasting damage, warns former NASA and DARPA technologist

The Taliban was strategic in its use of violence, exercising restraint to influence military assessments of their capabilities in order to encourage more rapid withdrawals.

If libertarians wish to maintain their self-centered fixation on their own freedoms without considering others, let them do so — in indefinite quarantine from the rest of us.

The work of feminist thinkers helps illuminate why billionaires seek to solve problems on Earth by blasting into space.

In 2021, the Centre for International Governance Innovation (CIGI) celebrates 20 years of contributing research and expert analysis to global policy making.

Occasionally, financial speculation fastens onto transformational technologies that have the potential to create a genuinely new economy.

Getting the whole spectrum of governments, academia and civil society to track “natural capital” would help create shared efforts toward solving shared problems like the climate crisis.

The world-renowned development economist Jeffrey Sachs outlined a new framework for US-China relations in conversation with INET President Rob Johnson

As a pandemic continues to expose weaknesses in our human systems and institutions, psychiatrist and author Iain McGilchrist’s proposition that a battle in our heads is impacting the direction of our future is worth revisiting.

Investor-state dispute settlement (ISDS) allow foreign capitalists to run roughshod over the rights of Ecuadorians

In the era of COVID and digital movements, strikes look radically different from traditional labor strikes

The increase in populism that import competition causes has its roots in import competition’s adverse effects on local labor markets

Stock buybacks come at the cost of technological innovation

A global carbon tax alone will not be enough to significantly reduce CO2 emissions

Contrary to rhetoric from Democrats and Republicans, the U.S. has an economic interest in trade and peace with China

Dr Kandeh Yumkella is a development economist, founder and CEO of The Energy Nexus Network (TENN), a regional hub for sustainable energy solutions and serves as a Member of Parliament in Sierra Leone. Previously Dr Yumkella served as Under-Secretary-General and Special Representative of the UN Secretary-General for Sustainable Energy for All and founding chief executive officer for the Sustainable Energy for All (SE4All) Initiative (2013–2015). He also served as Director-General of the UN Industrial Development Organization (UNIDO, 2005–2013), mobilising global consensus for SDG7 and 9. He is a member of the High-Level Group of the Africa-Europe Foundation, co-chair of the Africa Europe Foundation Strategy Group on Energy, and member of various international advisory bodies, boards, and commissions.

Economist Darrick Hamilton, co-author of a new report on wealth across racial and ethnic groups in Tulsa, Oklahoma, explores the legacy of the Tulsa Race Massacre with the Institute for New Economic Thinking’s Lynn Parramore.

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

What That Means For Biden’s Inflation Policy Trilemma

Is Victorian writer Walter Bagehot, whose adage “lending freely against good collateral at a penalty rate” has been gospel for central bankers, still relevant in a post-Great Financial Crisis world?

Canadian economist Mario Seccareccia, recipient of this year’s John Kenneth Galbraith Prize in Economics, says it’s time to reconsider the idea of full employment. He spoke to Lynn Parramore of the Institute for New Economic Thinking about why 2021 offers a rare opportunity to rebalance the economy in favor of Main Street.

The plight of white blue-collar workers is well-known, but Blacks in that category were feeling the squeeze long before their white counterparts.