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Former Fed vice chair and Princeton University economics professor Alan Blinder takes a close look at what lessons still remain to be learned in the aftermath of the Great Financial Crisis.

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

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.

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.

Lincoln Mitchell, Political Science Professor at Columbia University, discusses the increasingly powerful fascist movement in the US., outlining the elements of fascism present in the MAGA movement, including its dependence on a strongman leader, the scapegoating of minorities, threats of violence and curtailing of freedoms of speech and assembly.

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.

Economic issues are a primary part of Trump’s appeal to his base

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

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.

In Treasury markets, there are no libertarians, only grateful recipients of single-payer insurance for ailing financial markets.

INET published a paper, written by John Kay, that deals with the relationship between economics and the world we live in. The Map Is Not the Territory: An Essay on the State of Economics spells out methodological critiques of economic theory in general, and of DSGE models and rational expectations in particular.

The aim of the two-semester sequence is to explore a coherent alternative to neoclassical and post-Keynesian theory that does not rely in any way on concepts of utility maximization, rational choice, rational expectations, or perfect/imperfect competition.

The urgency of the climate crisis cannot be overstated, particularly given its disproportionate impact on vulnerable communities in the Global South.

We have developed over a number of years and now make publicly available a new and unprecedented data resource for understanding levels of living, poverty, inequality and inclusivity of growth and development around the world.

It would be a tragic mistake to read anti-E.U. sentiment across Europe as simple bigotry — racism and xenophobia are being nurtured by the economic pain produced by prevailing economic policies

The focus of this year’s monsoon school is on pluralistic approaches to research on inequality, bringing together perspectives from varied streams of economic thought. It will provide an interactive platform for advanced-level PhD students, postdoctoral researchers, and scholars affiliated with Indian research institutes to engage with diverse concepts, debates, and methodologies related to inequality.

Rob Johnson talks with Tim Jackson about his new book, “Post Growth: Life after Capitalism,” and how we might break free of the cycle of restrictive thinking which has plagued economics, and the world.

Since Aristotle the question about the potential relationship between economic inequality and democratic changes has been studied and debated – but scientifically our ability as researchers to assess and understand how such complex social phenomena may be related is much more limited than recognised.

Further system reforms will enable China to overcome middle-income trap and push forward social progress

Frank McCourt discusses his work to reinspire hope in the American experiment, and to build the framework necessary for that better tomorrow.

We invite doctoral students and early career researchers/assistant professors (within 7 years of their Ph.D.) to a two-day conference that aims to foster cross-cultural and interdisciplinary dialogues with attention to SDG goals for India.

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.

As technology and deregulation continue to shape the labor market, maintaining strong worker protections is as important as ever

Many of the challenges facing the new EU Presidency will need to be addressed not only at the European level but within a reinvigorated multilateral framework.

The conference aims to examine the complex interplay of housing, law, economics, and spatial justice in an unequal world, and we welcome scholars and practitioners to participate.

Matt Stoller, Director of Research at the American Economic Liberties Project and author of Goliath: The 100-Year War Between Monopoly Power and Democracy, talks about the many ways in which the US economic system has become rigged to favor the richest.

Dan Breznitz, author of the book Innovation in Real Places, Strategies for Prosperity in an Unforgiving World, and professor of public policy at the University of Toronto, talks about how innovation ought to be guided if it is to be successful in addressing our most pressing problems.

Author and peace activist Norman Solomon talks about the double standards in US foreign policy that have smoothed the path for Russia’s inexcusable invasion of Ukraine. The role of the military-industrial-complex in the US is one of the main reasons we lack a single standard for the use of military force and human rights, says Solomon.

Remarks from Finance & Society May 6, 2015

The COVID pandemic highlighted the deepening water crisis. “Do we understand that over half the population of the world doesn’t have a place to wash their hands with soap and warm water?” says water warrior Maude Barlow.

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

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.

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/

Rodney Jones, a long-time Asia analyst, colleague of Rob Johnson’s, and currently Principal of Wigram Capital Advisors in New Zealand, discusses how China and other Pacific Rim countries succeeded in containing the Covid-19 pandemic and what this means for the West’s rivalry with China

International Conference on Digitalisation, Market and Society is a cross-disciplinary plenary on how digital transformation is altering work, gender norms, and social institutions—and how society can respond inclusively.

Organized by the National Institute of Public Finance and Policy (NIPFP), New Delhi in collaboration with the Institute of New Economic Thinking, New York, the aim of the Law Economics Policy Conference series is to bring together legal, economic, and public policy thinkers to consider a variety of real world issues in India in a holistic manner.

From LBJ to the present, the federal government has knowingly continued to expand the US fossil economy, not passively but as a major active player, endangering the future of young people.

This research project investigates how gender and race affect the earnings of African American, Latina, and Asian American women in the United States over five decades, from 1970 to 2010.

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.

Economic distress in rural areas and opioid exposure in cities are key indicators of overdose deaths

Thomas Piketty and Michael Sandel explore how inequality isn’t just about wealth—it’s about dignity. They discuss how economic structures fail to value workers without elite credentials and propose solutions that go beyond redistribution.

To able to deal with these consequences, our crisis response now should not lock us in into a permanent state of austerity, greater inequality and heightened vulnerability to future health calamities. New-old social democratic solutions are needed more than ever before.

Orville Schell, the Arthur Ross Director of the Center on U.S.-China Relations at the Asia Society, talks to Rob Johnson about the future of Chinese relations with the West, and how the former victim of Western imperialism is trying to get its revenge.

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

The Institute for New Economic Thinking responds to an evident need for innovative approaches to understanding economic and financial processes.

A model that captures key vulnerabilities and structural weaknesses of developing countries’ trade and production structures.

INET explores how technological and economic changes are affecting employment

What if billionaires paid their fair share—no matter where they lived?

How did hyper-globalization fuel populist backlash?

A report from the Commission on Global Economic Transformation’s meeting in West Africa

Cambridge University’s professor of American History Gary Gerstle discusses his most recent book, about how the neoliberal order came about, why it is faltering, and the indeterminacy of what comes next.

The turmoil of Brexit and the populist challenge across Europe are consequences of austerity policies that have brought misery to millions of ordinary voters. In this interview first published last January, Servaas Storm warned of the dangers of economic decision making divorced from democracy and from the social consequences of its prescriptions

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.

There is not one opioid crisis in America—there are many. And supply-focused measures won’t stop them.

Umass Lowell Economics professor William Lazonick, outlines the history of how government and economic conditions favored the rise of a Black blue-collar middle class from the 1960”s to the 1970’s, and how shifts in policy and in the economy caused its unmaking from the 1980’s onwards.

Between a rock and a hard place

How electric and self-driving cars could change the industry

We need a new system of rules for the digital 21st century that enhances global digital cooperation and welfare. Nothing less than a historic gathering of the world’s key decision makers will get us there.    

The Academic-Industry Research Network—theAIRnet—is a 501(c)(3) not-for-profit research organization devoted to the proposition that a sound understanding of the role of business in the economy requires collaboration between academic scholars and industry experts.

The intricacies of the political economy that play out across countries in the Global South have profound significance for understanding the nature of ecological change and economic security that confront our world today.

Fred Block, Research Professor of Sociology at UC Davis, joins Rob Johnson to discuss his latest book, The Habitation Society, which explores the need to move beyond industrial-era economic models to create an economy that prioritizes community well-being. Block critiques how economic policies have fueled inequality and stagnation while offering solutions—such as restructuring public finance—to foster prosperity for all.

An overview of the current digital access landscape in Africa

What can today’s economists learn from the 18th century Scottish thinkers who grappled with societal and economic change?

The Economics of Innovation Working group and the Economic History Working Group together with the Département d’histoire, économie et société at the University of Geneva, are launching the event Political Economy of Capitalism to be held in Geneva, Switzerland, on 27-28-29 August 2018.

Princeton economics professor Markus Brunnermeier discusses his recently released book, The Resilient Society, which argues that in crisis-prone situations societal resilience is a crucial component for averting outright disaster and outlines how we might achieve that resilience.

Richard Vague, Secretary of Banking and Securities for the state of Pennsylvania and INET board member, discusses with Rob Johnson the need for stronger economic measures, the different economic strategies of the US and China, and the dangers of enormous private debt burdens

In his 2017 presidential address to the National Economic Association, Professor Darrick Hamilton warned that treating economics as a morally neutral ‘science’, and the discipline’s limited attention to structural barriers and overemphasis individual agency, has resulted in bad economics, and bad policy particularly as it relates to racial disparity.

Global public goods, from health to peace to security, crisscross national and social boundaries. We need a new economic theory to understand their pivotal role in the global economy.

The Economic History Working Group and the Financial Stability Working Group are organizing a two day seminar on May, 12th-13th in New York. The theme for the will be “Institutional responses to financial crises 1870 to 2017”.

The Institute for New Economic Thinking has awarded $2 million in grants to fund 21 different projects as part of the latest round of its research grant program.

Strategizing on Addressing the Planetary Emergency and Unlocking Opportunities for an Exponential Just Transition

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

Edoardo Nesi’s new book tracks the destructive march of globalization and neoliberal capitalism through his own life and the places, like Italy, that lie broken in its wake.

Young women of all races and gender identities are powering movements from Black Lives Matter to immigration reform to reproductive justice to minimum wage and beyond. Researchers need to support their progress with metrics that capture the spirit they are building

Activist and poet John Sinclair and Rob Johnson discuss the early days of the counterculture, Sinclair’s role in MC5, and the transformation of music from art to commodity when the music industry’s commercial power blossomed in the early 1970s.

This two-day skills workshop / annual meeting of the Finance, Law, and Economics Working Group (FLE) aims to connect participants with politicians (MEP), lobbyists, NGOs, and practitioners working in fields related to law and finance. It will comprise workshops and visits with representatives, which will facilitate exchanges between academia and politics. Participants will gain fresh insights into the decision-making and lobbying processes in Brussels, allowing them to translate their ideas into actions and create a stronger social impact. 

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?

Group discussed pressing issues in the eurozone and the need for new economic thinking

Why some goods and services should stay in the public domain

How did this dire situation come about?

New INET Governing Board Member Announcement

Demand, Secular Stagnation and the Vanishing Middle-Class

Banks have long had undue influence in society. But with the rapid expansion of a financial sector that transforms all debts and assets into tradable commodities, we are faced with something far worse: financial markets with an only abstract, inflated, and destabilizing relationship with the real economy. To prevent another crisis, finance must be domesticated and turned into a useful servant of society. 

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.

Establishing legal responsibility in the fissured workplace

In this interview, Folashadé Soulé and Camilla Toulmin discuss with Edward K. Brown, Senior Director, Research and Advisory services at the African Center for Economic Transformation (ACET) based in Accra, Ghana, on the effects of COVID-19 on regional integration and economic transformation in Africa, and the role of ACET and African think tanks in advising African governments respond to the crisis.

UNCTAD Director Richard Kozul-Wright and Kevin Gallagher, Global Development Policy professor at Boston University, discuss their book, The Case for a New Bretton Woods. Ever since the post-war economic order was dismantled beginning in the 1980s, a re-design of the global economic order has become increasingly urgent in light of the social and ecological crises that we face.

This conference aims to explore important issues of economics of AI, good governance, humanization of AI technologies, privacy, considerations of creative thinking and imagination, and take a comprehensive look at the challenges and opportunities of AI technologies.