5810 Results for “ https://www.galaxus.ch/en/sector/showdiscussion/snap-hack-online-visit-kunghaccom-d2d1mo9k-226342”

Globalization has improved the living standards of hundreds of millions of people – but growing resource scarcity means it risks becoming a victim of its own success.

Complexity economics represents a different vision of the economic process and has the capacity to illuminate different systems of behavior.

Neoclassical economics has abolished the role of psychology in decision making by assuming that all individuals are rational optimizers with rational expectations about future events.

Among the areas left largely unscathed by the 2008 financial crisis and subsequent never-­‐ending recession, the teaching of economics ranks high.

“Founding father” of virtual reality explores the ways digital platforms change economic relationships Computer scientist Jaron Lanier explains the uneasy relationship between an analog world and a corporate digital infrastructure.

This paper critically analyzes voting patterns in the 2016 U.S. presidential election.

Alberto Baccini’s presentation for INET’s panel on research evaluation at the G20 Global Solutions Summit in Berlin, May 2018.

This paper analyzes white attitudes towards African Americans in the United States at different points in a business cycle from 1979- 2014.

I describe the American economy in the twenty-first century as a dual economy in the spirit of W. Arthur Lewis.

Financial crises are staggeringly costly. Only major wars rival them in the burdens they place on public finances.

The human brain relies on three devices for its decisions: emotion controls; addictive learning; and intellectual processing. Understanding the conditions under which the three devices are engaged is essential for conscious decision-making.

A core puzzle in Önancial economics is the inability of standard risk-premium models to account for excess returns in currency and other asset markets.

Does greater inequality produce more fragile economic dynamics? Does concentration of wealth and income make societies more prone to crisis? If so, why?

What has been learned now that the Euro zone’s fault lines have been revealed? Where are Europe and the Euro zone today?

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

In spite of their differences and divergent interests, how can the two nations manage a bilateral relationship with far-reaching global implications towards peaceful coexistence forward?

Unregistered lobbyists, including former members of Congress, are a key resource for lobbying firms

Economics is often thought of as emotion-less, but Daniel Benjamin argues for happiness as a vital indicator

Trump’s surprise win areas looked like a drug overdose map

The current debate on new Global Financial Architecture is, in a way, the continuation of the debate that was intensified consequent upon the Asian crisis.

The promise of globalization is built on a lie, designed to spread risk while concentrating reward.

Is China really the enemy, or are we just creating self-fulfilling prophecies?

Fifty years after the assassination of Rev. Dr. Martin Luther King Jr., INET looks back at his forgotten economic legacy. In the final years of his life, these provocative positions made King controversial, and they remain as urgent now as they were then.

Can a monetary union without true banking and fiscal union be saved? What remains of the hopes that animated the Treaty of Rome?

The Academic and Professional Performance of the Chicago School, 1960-1985

In the seemingly never-ending aftermath to the economic crisis that began in 2007, there is little disagreement that financial markets are characterized by instability rather than stability.

The effectiveness of fiscal stimulus in promoting economic recovery appears to depend upon many factors.

What creates instability in financial markets? How does the weight of debt, the structure of expectations, or radical uncertainty contribute to instability?

The global financial crisis led to the rediscovery of ‘fundamental uncertainty’. Incorporating uncertainty into the analysis of financial markets alters our understanding of how these markets operate and expose the two-faced role of law in finance.

Economists discussing the problem of radical uncertainty commonly invoke Frank Knight’s classic definition in Risk, Uncertainty and Profit, but only rarely venture to explore the broader contours of his argument.

The crisis has exposed the failure of economic models to deal sensibly with endogenously generated crises propagating from the financial sectors to the real economy, and back again.

A Monetary Rorschach Test

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. SHOW MORE

Fred Block says capitalism is not an unchanging monolith—which means we can make it better

On 23 June 2016, the British electorate voted to leave the European Union (EU). We analyse vote and turnout shares across 380 local authority areas in the United Kingdom.

The global economy appears to be stuck in a pattern of low growth, low inflation and unresolved debt burdens. Is this a result of policy mistakes, or have the fundamental dynamics of the economy shifted into an era of little or no growth known as secular stagnation?

What does the rise of shadow banking mean for monetary theory and practice? (How) should we change our traditional theories of money to capture the complex practices through which money is created in modern financial systems?

A core premise of contemporary economic models is that researchers can adequately specify in probabilistic terms how individuals alter the way they make decisions and how the processes underpinning market outcomes unfold over time.

If we save education, can we save humanity?

Despite fear-mongering about the latest Consumer Price Index, unemployment remains elevated and stimulus is needed to prevent a collapse in demand

The European Commission, the European Central Bank, and the IMF are the continent’s austerity police

The US federal lobbying industry, based in Washington DC, is major focal point for political money and the exercise of influence, with expenditures peaking at approximately $2.5 billion per annum during the first Obama administration. 

Background paper for a presentation to the Seattle University School of Law Berle IV Symposiun, “The Future of Financial/Securities Markets,” London June 14-15, 2012.

The purpose of this Chartbook is to present a summary of evidence about changes in economic inequality – primarily income, earnings, and wealth – for 25 countries covering a 100 year period from 1911 to 2010.

Recent claims, particularly in Paul Krugman’s column and blog, on the superiority of the Hicks-Modigliani version of Keynesian economics calls for a re-thinking of the issues raised in the early controversies over what Joan Robinson called “bastard Keynesianism”.

The world economy in 2008-2009 has passed through the most severe economic downturn since World War II. This global recession was preceded by the collapse of some of the largest financial institutions in the world.

At a time when China is the favored investment destination in the global market, it seems unlikely that it would ever face capital flight.

Innovation. The word is evocative of ideas, products and processes which have somehow made the world a better place. Prior to the global financial crisis, many viewed financial innovation as unequivocally falling into this category.

A striking feature of the neoclassical economic theory which has been dominant in Western universities in recent years is that it has had so little to say about innovation and innovation policy which is useful for policy-makers.

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

Over the last four decades, Americans have consistently told pollsters that they favor higher taxes on business and the wealthy, even as tax policy has moved sharply in the other direction.

A debate between Lance Taylor and Andrew Smithers on the alleged “global savings glut.” Smithers responds to Taylor’s INET working paper, to which Taylor then offers a rebuttal. A second round of the debate is now included as well.

The Nobel laureate economist discusses how an activist government is needed to tackle problems like climate change

In his keynote address to our #EconOfRace conference in Detroit, Rev. Dr. William Barber III issued a blistering critique of structural inequality in the United States, and urged economists to recognize their responsibility to the poor.

This paper considers the estimation problem in linear regression when endogeneity is present, that is, when explanatory variables are correlated with the random error, and also addresses the question of a priori testing for potential endogeneity.

The theme of this session is very timely and controversial, on the ability of sovereign governments to supervise Large Complex Financial Institutions (LCFIs), now officially described as G-SIFIs, global systemically important financial institutions.

These are extraordinary times for central banks. Near zero interest rates and massive liquidity injections are still failing to bring life back to so many economies in the developed world.

Caring Economics is about a new way of thinking about human prosperity. In mainstream economics, prosperity is a matter of consumption, income and wealth. By contrast, Caring Economics conceives of prosperity in terms of deeper sources of durable human wellbeing.

Only a few years ago, comparisons of American politics to opéra bouffe were not outrageously farfetched at least if you were not poor or sick.

Prof. Oliver Hart and Justice A. K. Jayasankaran Nambiar in conversation

The future of work is already here—but our social policies are stuck in the past.

Reconstituting capitalism and revitalizing the liberal international order will require revisiting first principles of Western political economy, rebalancing the emphasis it places on broad living standards as opposed to national income. The 2020 US presidential campaign has begun to do just that.

When the stock market grows faster than the housing market, the gains of the top 1% outpace those of the middle class

We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn.

Economics is not, nor can it be, value-free.

Many people regard the recent financial crisis as a painful addition to an already massive body of evidence that demonstrates the inadequacy of today’s economic models of “rational” markets.

Some questions can only be answered by educated guess. The question at the centre of this round table pertains to this category. We should not be ashamed of this kind of limitation of our capacity to predict the future.

With my remarks today on financial markets and the financial crisis, I do not make any claims to originality. Rather, they are intended as a reminder of certain circumstances that are already familiar to us, in one form or another.

Adair Turner at the Institute’s #HumanAfterAll conference in Toronto, CA (2014).

Cambridge-INET has just launched a new website, featuring research, insights and news from Cambridge Economists about the economic implications of COVID-19

This first book in the new INET and Cambridge University Press book series, Studies in New Economic Thinking, shows that wage repression—far more than monopoly power, offshoring, or technological change—has driven rising inequality.

Artificial intelligence promises to make our lives easier. But is the cost losing some of our humanity?

One of Wall Street’s favorite tools could be deepening the growing chasm between America’s rich and poor, according to INET grantee William Lazonick.

In the growing debate about the pros and cons of a monetary financed fiscal stimulus (a.k.a. helicopter money) it is argued by some participants that a money-financed stimulus will have no more effect than a debt financed stimulus since:

Healthy innovation economies are the main driver of prosperity in the 21st century. But the three players that have traditionally sponsored basic research and invention in those economies are no longer willing or able to perform that role.

This paper studies the glass ceiling by analyzing the presence of women at the top of the income distribution using tax record data reported for a sample of countries with individual taxation.

Taking a long‐run view from economic history, I make three points about instability in financial markets. First, I argue that economic historians have a relatively good understanding of the proximate causes of financial crises.

These are truly testing times. The world economic order – capitalism – is being called into question following the Lehman crisis. The world’s best form of societal organization – democracy – is being challenged by the economic success of autocratic countries such as China and Singapore.

Joseph Stiglitz at the Institute’s debut conference in Cambridge, UK (2010).

Prof. Oliver Hart delivers the opening lecture of INET and ITT Bombay’s Samvaad lecture.

A large literature has detailed the seminal roles played in the Civil Rights Movement by activists, new political organizations, churches, and philanthropies. But black-owned businesses also provided a behind-the-scenes foundation for the movement’s success.

Julia Cage warns that a media ravaged by market forces cannot serve democracy’s need for an informed citizenry.

“Because many interests come into play in the financing of an election campaign and then they ask you to pay back. So the election campaign should be independent from anyone who may finance it.” - Pope Francis

Owing to its strong dependence on exports, Germany was among the economies hit hardest by the financial crisis.

Using data on industrial air pollution exposure in the United States, we compute three measures of environmental inequality: the Gini coefficient of exposure, the ratio of median exposure of minorities to that of non-Hispanic whites, and the ratio of median exposure of poor households to that of nonpoor households.

We develop a novel stress-test framework to monitor systemic risk in financial systems. The modular structure of the framework allows to accommodate for a variety of shock scenarios, methods to estimate interbank exposures and mechanisms of distress propagation.

Do we care about children, or do we just care about our own children?

Steve Keen: “What an education in economics does is make you into a zealot

Individuals derive benefits from their connections, but these may, at the same time, transmit external threats. Individuals therefore invest in security to protect themselves. However, the incentives to invest in security depend on their network exposures. We study the problem of designing a network that provides the right individual incentives.

Do large firm dynamics drive the business cycle? We answer this question by developing a quantitative theory of aggregate fluctuations caused by firm-level disturbances alone. We show that a standard heterogeneous firm dynamics setup already contains in it a theory of the business cycle, without appealing to aggregate shocks.

It is instructive to view the study of networks in economics as a shift in paradigm, in the sense of Kuhn (1962). This perspective helps us locate the innovation that networks bring to economics, appreciate different strands of the research, assess the current state of the subject and identify the challenges.

An alternative look at the “global savings glut”