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INET board member and Othering & Belonging Institute Director john a. powell discusses the ways in which the pandemic intersects with racial inequality and how government policy could address both problems at the same time.

Over the last four decades, the US economy has done quite well for the top 1%, but it has been stagnant for most Americans. This was not an accident, nor the natural workings of the market and certainly not an inevitability. US policies have been deliberately structured since 1980 to redistribute income upwards. In other words, the system has been rigged.

Today’s Financial Times article: Report to highlight alleged conflicts of interest in Goldman’s dealings (Jan 12, 2011), Goldman’s pieties insult our intelligence (Jan 13, 2011)

This lecture series is based on Brunnermeier and Sannikov’s research papers “The I Theory of Money” and “Redistributive Monetary Policy”

Despite the moral assurance and personal flattery that meritocracy offers to the successful, it ought to be abandoned both as a belief about how the world works and as a general social ideal.

In Capitalism and Its Critics, New Yorker writer John Cassidy brings to life the figures who warned of monopoly power, inequality, environmental peril, and authoritarianism—forces still at work today. He discusses his book with Lynn Parramore.

In introducing game theory (in chapters 7-9), MWG build upon the theory of rational choice by individual agents, developed previously in the book to attempt to analyze (describe, explain, and even predict?) the interactions of such agents as well as the outcomes to which they give rise. In previous chapters, MWG discuss interactions only in the form of the arms-length interactions of numerous firms and consumers in specific markets (e.g. under ‘perfect competition’, in chapters 3 and 5).

The United States government openly flirting with a default on its debt is, to the financial system, like a Pope wondering out loud about the existence of God.

Single-family home-ownership—elusive for many today—is an aspiration we ought to abandon

Coming out of the Great Depression, America built a middle class, but systematic discrimination kept most African-American families from being part of it

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.

Can big data strengthen global inclusivity and trust? Information exchange has historically been the most powerful tool at humanity’s disposal, so what makes data different? Dr. Long Chen (Luohan Academy) discusses his latest report “Understanding Big Data: Data Calculus In The Digital Era” which is available for download at https://www.luohanacademy.com/researc…

The tough policy choices ahead for confronting the climate crisis

Plumbing Matters