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

To understand the rise of the League and 5 Star Movement, look at economic indicators

Amid heightened focus on conflicts of interests, new research shows how legislators’ votes on the 2008 bank bailout tracked with the exposure to peril of their personal stock portfolios

The tragic crisis in Flint, Michigan, where residents have been poisoned by lead contamination, is not just about drinking water. And it’s not just about Flint. It’s about race and class, and the stark contradiction between the American dream of equal rights and opportunity for all and the American nightmare of metastasizing inequality of wealth and power.

The idea that economics has recently gone through an empirical turn –that it went from theory to data– is all over the place. I argue that this transformation has been oversimplified and mischaracterized.

There has been an important movement towards making available on the web a host of open courses.

In a political system whose primary currency is not the vote but the dollar, McConnell’s role as leader has plainly been well-earned.

INET Research on Financial Sector Weakness and Too Big to Fail

Why did so many Dutch voters vote for the far-right Geert Wilders?

Real existing neoliberalism as a set of social facts distinct from a purist ideology has proven remarkably adaptable and politically resilient 

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

“Panics are not needed for banking crises to have severe economic consequences,” says Emil Verner, the MIT professor who helped lead the study. “But when panics do occur, those tend to be the most severe episodes. Panics are an important amplification mechanism for banking crises, but not a necessary condition.” Indeed, in an ambitious piece of research, spanning 46 countries and going back to 1870, the study surveys banking crises that occurred with and without panics. When there is a panic and bank run, the research finds, a 30 percent decline in banking-sector equity predicts a 3.4 percent drop in real GDP (gross domestic product adjusted for inflation) after three years. But even without any creditor panic, a 30 percent decline in bank equity predicts a 2.7 percent drop in real GDP after three years.” — Peter Dizikes, MIT News

“What is the real meaning of the return of the state in a world that after the pandemic starts a boom in the technology sector with the advantages and risks that this entails? The response of the Nobel laureate in economics Michael Spence during the discussion with Robert Johnson, president of Inet (Institute for New Economic Thinking) was clear: “I believe that the return of the Statto means many things. The state is very important for social protection, to remedy the failures of the market. There will be changes in the models of globalization but people think about the state and not about globalization. And the state must be able to respond to citizens’ expectations.” And in the face of what Johnson called “growing political despair” ( even as Biden has made progress in restoring confidence in citizens after the inequalities caused by the pandemic ), a new political class is needed.” -L’Adigetto

Stock buybacks as a mode of predatory value extraction

The YSI Economics of Innovation, Economic Development and Africa Working Groups, in partnership with Global Network for Economics of Learning, Innovation and Competence Building Systems (GLOBELICS), Globelics Alumni, are organizing the 1st GLOBELICS Pre-Conference for Young Scholars entitled ‘Financing of Innovation and Infrastructure for Development’.

A New Glass-Steagall?

During this interview, Professor Kako Nubukpo, Dean of the Faculty of Economics at the University of Lomé, Togo and former Minister of Prospective and Evaluation of Public Policy of Togo considers the economic and social impact of the COVID-19 crisis and its repercussions on monetary policy and fiscal reforms underway in West and Central Africa today.

Economist Darrick Hamilton explains why confronting the racial wealth gap is the only way to address 400 years of discrimination.

How women economists expand orientations and perspectives that can transform economics into a pluralistic, critically engaged, and socially responsive discipline.

Much historical commentary emphasizes how pandemics restructure long-standing social and political arrangements. The observation applies to macroeconomics as well.

“Texas’ leaders knew as of 2011 … when the state went through a short severe freeze, that the system was radically unstable in extreme weather,” wrote James K. Galbraith, of the University of Texas at Austin, in the Institute for New Economic Thinking. “But they did nothing,” he wrote. “To do something, they would have had to regulate the system. And they didn’t want to regulate the system, because the providers, a rich source of campaign funding, didn’t want to be regulated and to have to spend on weatherization that was not needed – most of the time.” That’s what happens when the private sector calls the shots. Money first.” — Richard Gross, Counterpunch

This research project offers a radical reconsideration of the centrality of the Corn Returns to the development of classical liberal political economy and shows how much the Corn Laws enriched agrarian interests and how their repeal represented a boost to British manufacturing.

Why real reform in American politics won’t come from slogans, scandals, or new parties — but from breaking the grip of investor politics and rebuilding power from the ground up.

The untold story of shadow banking

Some nations have embraced new technologies, while others seem ill-prepared. What accounts for this difference?

Despite dismissive comments by the U.S. Treasury Secretary, facing the challenge posed by robotics replacing human labor raises key public policy questions 

To make start-ups work for everyone, we need to put power back in the hands of workers.

When an economic model fails, it is reality—and the people living in it—who pay the bills while the model lives on, unscathed.

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

Why do market-centric fixes for “unequal exchange” fall short? Sidelining social relations and production power turns colonialism into a pricing problem—and hides the mechanisms that keep uneven development in place.

A “global saving glut” was invented by Ben Bernanke in 2005 as a label for positive net lending (imports exceeding exports) to the American economy by the rest of the world. However, there is a more plausible explanation for the persistent trade imbalance between the US and its major trading partners.

Why to Be Wary of Another Volcker-Type Monetary Tightening

“Winnie Byanyima believes it is high time to come up with fresh thinking in the world of politics and economy. But first, deeper self-criticism is needed across the board because all fields, including the NGO sector, are affected by a lack of trust from citizens.”

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

Why freeing American households and businesses from crippling private debt would be a boon to the economy. Article reposted from DemocracyJournal.org.

Despite using different methodologies, a number of scholars agree that most of the ‘bailout’ money is going to Greece’s foreign creditors

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

The Institute for New Economic Thinking (INET) and the Open Society Foundations (OSF) announced that OSF has made a gift of $23.5 million to INET. The grant marks the completion of the organizations’ 12-year collaboration.

Cryptocurrency was supposed to change the economic outlook for Black America. For many, it made things worse.

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.

To understand labor productivity—and growing inequality—you have to look at the “dual economy”

Targeted Measures and Subsidies for Cost Effective COVID-19 Abatement

The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy.

IMPORTANT: Due to growing concerns around the coronavirus, the INET Conference, as well as these workshops will be postponed. Applicants will soon be provided further information.

“Facebook is undermining our country, our democracy.”

What if the AI future being sold to markets rests on claims that cannot survive scrutiny? From superintelligence to mass job loss, the loudest promises around generative AI begin to look less like foresight than hype dressed up as inevitability.

There is no good case for major deregulation of the US financial sector, warns INET Board Chairman Adair Turner, and any backsliding by a Trump administration on banks’ capital requirements instituted globally after 2008 will be very dangerous

The objective of this proposal is to build distributional statistics of income and wealth consistent with national accounts aggregates for the United States.

Chaired by Nobel laureates Joseph Stiglitz and Michael Spence, INET has assembled a global team of leaders and scholars calling for new thinking & new rules for the world economy

Times have changed. Now we have David Brooks, of The New York Times, and economics blogger Noah Smith defending neoliberal globalization from the pincer movement of anti-trade populists from both the right and the left.

Sanctions on Russia are isomorphic to a strict policy of trade protection, industrial policy, and capital controls.

What we’re reading: A weekly scan of published items relevant to the Institute’s work

Painting economics as blind to inequality may be overstating matters, but for too long efforts to explain it have been self limiting. Now, new economic thinkers are willing to pose uncomfortable questions.

The most likely outcome of the second Trump administration is a recession and an exacerbation of inequalities, and a further degradation of the living standards of working and middle-class Americans.

The corrosive social and economic effects of what have now become ‘normal’ unemployment levels require new solutions, and tradewithout full employment exacerbates the problem

An interview with young migrants living in Mali’s capital city of Bamako

Contrary to pharmaceutical company claims, revenue from high insulin prices are going to shareholders, not R&D

The New York Times has now pushed to the front page of today’s paper an issue of real relevance to INET: how new web tools are beginning to upend traditional peer review in academia.

Affordable medicines remain out of reach for millions because pharmaceutical innovation is organized around value extraction, not public health. How do shareholder-driven governance and fragmented global health financing reinforce inequity, and what structural reforms are needed to reverse it?

Low interest rate policy can only do so much to bring the relief to American borrowers that they deserve: past monetary policies, credit market regulations and stagnant labor productivity growth all get in the way. Interest rate policy activism is part of the problem, not the solution.

The recent financial crisis has impressively illustrated the dangers of rapid credit growth in a painful way.

Economics is very theoretically comfortable with what may be termed `Keynesian’ waste.

How do governments accumulate such high levels of debt without constant major crises? Who is paying the price?

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

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

Misaligned incentives account for many of the most troubling features of the pharmaceutical industry’s present practices and performance.

How Showering Money on Both Parties Paralyzed Regulators

Prejudice and collusion, not simply research quality, drive journal citations

In the face of  laissez-faire capitalism at home and resurgent nationalism across the globe, INET offers an innovative look at the causes of—and solutions for—the problems that ail a fissuring world economy.

In this interview, Folashadé Soulé and Camilla Toulmin speak with Carl Manlan, the Chief Operating Officer of the Ecobank Foundation - responsible for Ecobank’s social impact engagement with the communities in which the bank operates in Africa – on the role of African philanthropy and corporate social responsibility in the response to COVID-19 on the continent.

Bernanke and Blanchard have made another failed attempt to salvage establishment macroeconomics after the massive onslaught of adverse inflationary circumstances with which it could evidently not contend.

Europe’s new fiscal rules still bind policy to fragile estimates of potential output. For Italy, targeting lower unemployment could sustain stronger growth, improve deficit outcomes, and expose the self-defeating logic of austerity when debt is measured against a stagnating economy.

The current energy market structures, including the short-run-marginal-price-on-all nature of the current wholesale market, are not fit for a transition to a renewables-dominated system.

Researchers reveal the enemies to stability and prosperity that threaten us all.

What is GM CEO Mary Barra’s take-home pay? (It’s more than you are being told)

What we’re reading: Some analysts expect dramatic changes and a short-term boost to the US economy, others predict continuity — and see Trump’s election reflecting a sea change in the global order

Sheila Dow and Antonella Stirati bring their scholarly expertise to INET’s research advisory group

It is high time to ditch this myth for at least the following five reasons.

Eric Beinhocker and Tony Dolphin argue that lasting reform to the financial sector will not be achieved without tackling the price rigging and anti-competitive behaviour that is rife in the industry.

The current economic and financial crisis has given rise to a vigorous debate about the state of economics, and the training which graduate and undergraduates economics students are receiving. Importantly, among those arguing most strongly for a change in the way that young economists are trained are the ultimate employers of these students, in both the private and the public sector. Employers are increasingly complaining that young economists don’t understand how the financial system actually works, and are ill-prepared to think about appropriate policies at a time of crisis.

Wage suppression—not monopoly power—is fueling corporate profits and the growing gap between rich and poor

Some Personal Reflections on a Half Century of Friendship and Appreciation

As young scholars, we have formulated a new plan for fostering diversity in both identity and scholarly thinking in economics—preconditions for academic rigor.

What lessons need to be drawn on this anniversary?

How free electricity could fight climate change and inequality

Economics Nobel Laureate Michael Spence discusses the profound changes that are rippling through the global economy as we emerge from the COVID recession, where economic growth will have to rely more on productivity gains instead of the incorporation of excess labor capacity and what this would mean for countries around the world.

What we’re reading: A weekly scan of published items relevant to the Institute’s work

The short answer is yes. For the long answer I will make you sit through seven paragraphs.

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

The SPD, the Social Democratic Party of Germany, has been collapsing in the popularity polls ever since they in 2003 launched the reform Agenda. What would have come of the party if it had not been for this insane rush to reform? Possibly Gerhard Schroeder could even still be chancellor today. A case for the time machine.

In the future, how will work be different, what jobs are most at risk, what jobs are likely to grow?

Experts are clear that working into old age often threatens the health and well-being of U.S. seniors.

“Polluting companies tell us every day how they’re invested in the future; we’ve heard corporations en masse say, “Profits, what? We’re all about the people now!” There’s a certain amount of people-who-make-the-problem-pretending-they’re-the-solution that we can see through, but there’s still plenty going on behind the scenes. We’ll talk with Lynn Parramore, senior research analyst at the Institute for New Economic Thinking, about how hedge funds get in the way of the big changes all kinds of companies need to make to fight climate disruption.” — CounterSpin

Workshop of the YSI Africa Working Group 

Stagnating real wages may have contributed to the slowdown of US productivity

The ECB has always been the protagonist of the eurozone crisis story.

Cuba’s entirely state-owned biopharmaceutical industry has been remarkably successful, and can serve as a model for other nations

Increasing evidence that the IRA is probably not harming pharmaceutical innovation.

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.