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More on substance, coherence, and relevance in the Eurozone debate.

Reindustrialization vs Financialization

To get justice, targets must show measurable harm: economists can help.

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 the conventional tools of the Phillips Curve, NAIRU, potential output, and money-supply growth are useless

Andrea Gabor, author of “After the Education Wars,” discusses how California is pushing back on millionaire-driven charter schools. Will the rest of the America follow?

Market tweaks and incentives won’t save us from climate catastrophe. Only radical policy change will.

How models treat innovation may be just as important as their assumptions about climate damages

Growing income inequality is threatening the American middle class, and the middle class is vanishing before our eyes. We are still one country, but the stretch of incomes is fraying the unity of our nation.

There needs to be a safe place for businesses to place their reserves and working capital

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.

A new INET Working Paper by Yaroslav Melekh, James Dixon, Katrina Salmon, and Michael Grubb, interrogates the contradictions between fossil lock-in through LNG import capacity and overcontracting, and policy-driven demand reduction. Here is a summary of the paper’s main findings.

Lance Taylor responds to Andrew Smithers’s comment on his INET working paper, “Germany and China Have Savings Gluts, the USA Is a Sump: So What?”

Mott walks us through answers many careful readers of Kalecki, Keynes, Steindl, and Minsky knew all along.

A new book by economist Peter Temin finds that the U.S. is no longer one country, but dividing into two separate economic and political worlds