499 Videos

A transition from the conventional policy of “redistributing income” to “redistributing membership”, could promote economic integration across communities and intergenerational mobility.

Explore your curiosity in economics in an open and critical community.

Following a thought-provoking panel discussion at the AEA, James Heckman and Rob Johnson discuss peer-reviewed journals and a professional incentive structure that constricts the idea space and reinforces tired orthodoxies in economics.

Stanford economic historian Professor Gavin Wright, addressing the Institute’s conference on the economics of race, argues that the conditions facing the children of the great migration from the South are very different to the conditions for the children of those who stayed behind. 

Mallaby’s research shows that Greenspan knew more about the looming perils than people realize.

Turner discusses The Economist’s Society the liquidity risks posed by Exchange Traded Funds.

Professor Tchen explores the many layers of “otherness” at work in America’s political economy

Smick argues that distortions of capitalism have fed populist rebellion, and that reviving a capitalism that offers opportunity for average people to increase their earnings is an urgent priority if America’s political economy is to be stabilized.

Professor Temin sees the US economy as bifurcated along lines analogous to the situation described in developing world economies by W. Arthur Lewis.

A conflict which revolves around key economic policy differences on questions such as rules vs. discretion, solidarity vs. liability, liquidity vs. solvency and austerity vs. stimulus.

Riots, lynchings and other forms of violence dramatically disproportionate impact on the lives and prospects of African inventors. That’s just one indicator, says Professor Lisa Cook, of the profound impact of racial violence on the economic structure

Professor Marlene Kim provided a riveting picture, via her personal family history of the exploitation of the Asian-American working-class in California. She challenged the invisibility of Asian-Americans in discussions of race in America, and also focused on the double burden of discrimination borne by women of color.

Black Lives Matter movement co-founder Alicia Garza, addressing the Institute’s Detroit conference on the economics of race, placed the turmoil created by the 2016 election in the context of a backlash against the gains made by social movements challenging racial and social injustice. She argued that those movements now need, more than ever, “to show up for one another” at a local level to protect those gains

Former Treasury Secretary Paul Volcker reviews a life’s work and the pressing challenges of the moment in conversation with Institute for New Economic Thinking President Rob Johnson

What Donald Trump does well, Professor john a. powell explains, is link economic concerns with ontological and racial concerns among his voters. Many economists and social justice activists, by contrast, try to reduce racial concerns to economic and class concerns. His presentation demonstrates the centrality, conscious or unconscious, of belonging and ‘otherness’ in comprehending the structures of society.

Joe Earle, co-founder of The Post-Crash Economics Society, member of Rethinking Economics and co-author of the Econocracy, explains why his group is trying to democratize economics as a conversation and a policy–making process.

Columbia professor Dan O’Flaherty explains how an awareness of racial trauma developed from growing up in Newark inspired him to write and teach on the economics of race.

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.

Prof. Marlene Kim says her research has revealed that African-American women face triple penalties from race and gender bias, and the combination of those two

In an Al Jazeera documentary “In Search of the Great American Job”, Institute scholar William Lazonick offers some arch insights into the relationship between financialization — particularly the “shareholder value” ideology in corporations, which drives the transfer of profits to shareholders through stock buybacks — and job creation and inequality.

Economist Darrick Hamilton and Institute President Rob Johnson discuss “stratification economics”, which addresses the failure of orthodox economics to see, explain and point to remedies for persistent racial inequality.

Historian Prof. Thomas Sugrue offers a critique of the conventional wisdom that roots the city’s fate in the racial tension of the tumultuous ‘60s and the decline of the auto industry.

In this Q-and-A, historian and National Book Award finalist Heather Ann Thompson argues that draconian police tactics in black Detroit neighborhoods had as much to do with the city’s decimation as white flight and lost jobs.

Institute for New Economic Thinking President Robert Johnson, in an appearance of the CNN International show Quest Means Business, warns that the anger of Trump’s supporters is unlikely to ebb absent significant economic and political changes — and that this anger could be more successfully marshaled by a more skilled and sophisticated Republican challenger four years from now. 

Institute for New Economic Thinking launches a far-reaching research effort into causes and potential remedies for the low-to-no-growth malaise afflicting many of the world’s leading economies

The financial system no longer funds new ideas and projects — only about 15 percent of the money coming out of financial institutions goes into business investment; the rest is spent buying and selling existing financial instruments.

The media has failed ask basic questions about the economic thinking — and business record — of Republican presidential nominee Donald Trump, says Pulitzer-prize-winning journalist David Cay Johnston, author of The Making of Donald Trump.

CEP Lecture by Adair Turner co-hosted with the IMF. 

Marc Levin highlights the recent effects of hyper-gentrification in New York City’s West Chelsea, focusing on an intersection where an elite private school sits directly across the street from public housing projects.

If additional education is not the solution to racial inequality, what is?

Prof. Sanjeev Goyal explains his general theory of network formation based on individual incentives, and their economic implications

The 2008 financial meltdown wiped out what was left of the savings of millions of American families, but Professor Edward Wolff says decades of income inequality had set the stage for the collapse of their household wealth.

Is Market Capitalism simply an accident of certain factors that came together in the 19th and 20th centuries? Does the innovation of economics require a new economics of innovation? Is the study of economics deeply affected by the incentive structures faced by economists themselves, necessitating a study of the “economics of economics”?

Epstein discusses financial reform, central banking, and how the FED actually contributed to economic inequality.

With the power of modern computing being harnessed into increasingly small and portable devices, what do digital platforms mean for the entrenched global economy?

What fraction of total economic growth accrues to the top 10%, top 1%, etc.? How does growth per capita of the bottom 90% compare to overall growth? Zucman discusses his research and efforts to bring more hard data into the inequality dialogue.

Frank Dikötter explores previously classified Chinese leadership documents, and attempts to set the record straight.

Technology will ruin America if we don’t compensate for its impact, warns Andy Stern.

Professor Wendy Brown engages in an in-depth exploration of the corrosive effect of approaching education, law, politics and governance through the lens of neoliberal economic rationality.

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

McCloskey discusses the thesis of her recent trilogy, The Bourgeois Era, which holds that the driving force of economic growth in 17th and 18th century Europe was simply liberal ideas.

Benner’s recent work with Manuel Pastor suggests the somewhat counterintuitive result that geographic regions with the most equitable distributions of wealth and influence also tend to have the highest growth.

Should policymakers rely on domestic macroprudential regulation in their quest for greater financial stability?

The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers.

It’s no secret that wealth inequality has grown, both in the US and abroad over the past several decades. What has been particularly notable about the work of Emmanuel Saez is the quantification of that inequality.

Nancy Folbre is an American feminist economist who focuses on economics and the family, non-market work and the economics of care. She is Professor Emirita of economics at the University of Massachusetts Amherst, who has written extensively about the economics of care and reciprocity.

Exploring the genesis of an important work, one that critiques mainstream neoclassical economics and offers an alternative framework for understanding modern economies.

From the very start, the European Monetary Union (EMU) was set up to fail.

The world economy is just starting to recover from the most disastrous episode in the history of financial globalisation. Understanding what happened is essential.

Economic growth and rising prosperity does not happen at the moment of invention. Only an innovation policy aiming to maximise activities throughout the innovation cycle will succeed in capturing economic growth that enhance the welfare of all citizens.

Lessons Ignored From the 1930s

Professor Casarico explains why her focus on gender and the “glass ceiling” can help us push forward economic thinking.

Patrick Honohan, Governor of the Central Bank of Ireland, discusses the Irish banking crisis.

Innovation is not a magic pill to solve the current afflictions that ail our 21st century economy.

How might a reimagined American foreign policy both bolster the domestic economy and help build a 21st-century global economy that works for everyone?

Lance Taylor explains how missing the big picture is too common in the field.

Exploring inequality, gender, and the North-South divide.

This is almost certainly the highest level of relative, and certainly absolute, global inequality at any point in human history. Is there anything we can do to reverse or mitigate this trend?

Will environmental limits, including limits on the climate system, slow or even halt economic growth? If not, how will the nature of economic growth have to shift?

A combination of leeway within the government and constitutional immunity during incumbency enables office holders to abuse their budget at will, which in turn creates a crisis of growth in Africa, relative to other parts of the world.

Adair Turner discusses his new book, Between Debt and the Devil: Money, Credit, and Fixing Global Finance.

John Kay shares findings from his new book, Other People’s Money, and his insights on changing the financial sector.

Professor Richard Portes discusses the problems of Europe and then specifically drills down into Greece itself.

Marc Lavoie discusses the methodological foundations of heterodox economics, and offers a very different model of money and credit, firms and pricing, consumer theory, effective demand and employment and growth theories.

Tania Singer on the key importance of understanding preferences and behavioral change.

Bursting Bubbles leave a mess – in the markets, throughout the real economy, in societies, in politics and with policymaking.

The financial crisis of 2008 was not a run of the mill recession.

And how do they relate to our democratic institutions and institutional social relations?

Literary productions offer illustrations of economic theory in action.

How well do our assumptions about the global challenges of energy, environment and economic development fit the facts?

There is now a growing consensus among policymakers and academics that a key element to improve safeguards against financial instability is to strengthen the “macroprudential” orientation of regulatory and supervisory frameworks.

Greece: reculer pour mieux sauter

America’s economic system has failed by not raising living standards for most.

Good incentives are no substitute for good citizens.

Janine Wedel charts the fast–evolving system of power and influence. Who is accountable? What are the remedies available to the average citizen?

How do we rebuild trust in financial services?

The former chairman of Britain’s Financial Services Authority and author of the forthcoming book “Between Debt and the Devil” explains why private debt, not banks, deepened the financial crisis and continues to cause trouble today.

Whilst progress has been made, the “glass ceiling” dividing men and women has yet to be broken definitively. Monika Queisser discusses the challenges still facing women in the workplace and beyond.

Gudrun Johnsen on Iceland, “womenomics”, and Finance & Society

A member of the Austrian Central Bank tells us his research on wealth and income inequality in Europe.

Yanis Varoufakis and Joseph Stiglitz discuss Greece’s financial challenges and the associated Eurozone politics in this exclusive conversation.

Here we are, some 7 years after the Great Financial Crisis, and not one senior banking executive has gone to jail.

In his latest annual address at Cass Business School, Visiting Professor Lord Adair Turner warned that the world is caught in a ‘debt overhang’.

How can we reconnect economic success to socioeconomic outcomes?

Michael Greenberger discusses the current state of play of regulatory reform and gives a barely passing grade.

Cecilia Nahon, Argentina’s Ambassador to Washington, DC., discusses the issues plaguing the Argentine government in it’s attempts to conclude debt restructuring.

Is moving away from coal and into shale - rather than directly into renewables - a worthy move from an economic as well as environmental point of view?

Fresh from discussions at the UN regarding the Argentinian debt crisis, Institute grantee Kevin Gallagher tells us about his new book and how developing countries can look for opportunity amidst modern financial obstacles.

John Smithin argues that we need to rethink the “consensus” with tools old and new.

Private data is leaked more and more in our society. Wikileaks, Facebook, and identity theft are just three examples. Network defenses are constantly under attack from cyber criminals, organized hacktivists, and even disgruntled ex-employees.

Repression in China today is at its most severe point since the aftermath of 1989. David Wu discusses the tensions inherent in a one-party state which is struggling to aspire toward a more predictable rule of law.

Bill Mitchell presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.

How should the Eurozone handle unemployment and other immediate hurdles?

The recently observed surge in wealth doesn’t equate to growth of productive capital. Joseph E. Stiglitz, Branko Milanovic, Paul Krugman and Duncan Foley discuss these issues and more.

How can we better integrate history into economic analysis?

Bill Black knows banks.

How can the state manage its central role in the innovation economy if the state itself has become an instrument for facilitating corporate predation?

How should the government recoup the benefits from the fruits of its research? And what role should the government play going forward in important areas such as clean tech?

In the wake of World War II, much of the western world, particularly the United States, adopted a new form of capitalism called “managerial welfare-state capitalism.”

These videos cover not only Dr. de Cecco’s seminal research on the international gold standard, but his views on the international monetary system between the wars, the formation of the Bretton Woods system, and its breakdown – all topics on which Dr. de Cecco has written copiously.