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Rethinking the role of markets and government policy in light of our inherently limited ability to foresee economic and social outcomes

Persistent changes in unemployment have lasting consequences for income distribution

This paper introduces the Knightian Uncertainty Hypothesis (KUH), a new approach to macroeconomics and finance theory.

In the first of a two-part interview, Rob Johnson talks to author, activist, and former Black Panther Party chairwoman Elaine Brown about the killing of George Floyd and the protests sweeping the U.S. in the context of the coronavirus pandemic.

INET’s grantees and Commission on Global Economic Transformation are looking at artificial intelligence and society.

Flows of goods and services, people and capital have overwhelmed the ability of political processes to accommodate them

Inadequate demand and climate change require a global green new deal

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.

How can we develop a deeper, more human and multifaceted understanding of the past?

The social and medical sciences depend on randomised control trials – though they face more assumptions and biases than commonly thought.

Skewed measures of “research output” hold back women who think differently or study smaller subfields in economics—and it’s harming the discipline as a whole

Discussions on the key conceptual and policy themes for sovereign debt sustainability with a view to proposing possible policy reforms.

The distinguished economist talks about the power of entropy in shaping a new economic reality and viewing current events. His new book, Entropy Economics: The Living Basis of Value and Production, challenges flawed mainstream models that lead to distortions and bad policy.

Changing the incentives for how economists determine both the content of the subject and their approach to scientific research could increase the range of thinking in the profession

While Europe faces the specter of overwhelming debt, another deficit lies at the heart of the inability to find a solution: a deficit of trust.