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Edoardo Nesi’s new book tracks the destructive march of globalization and neoliberal capitalism through his own life and the places, like Italy, that lie broken in its wake.

And heading where?

Bank failures don’t threaten most deposits, but they do threaten jobs

The New Keynesian Dynamic Stochastic General Equilibrium (DSGE) is a straightjacket for macroeconomics

Everyone wants to ring-fence something, but they can’t agree on what: Vickers, Liikanen, Volcker.

Wealthy predators are playing stock market games with companies needed to develop and produce clean technology

The central bank today is not just the government’s bank, but also a bankers’ bank, a truly hybrid institution

John Ruskin helps shed light on what it means to have an economy that demands we die for it

How corporate raiders coopted “shareholder democracy” for their own ends

Inflation persists not just because of spending or interest rates, but because underlying social conflicts over income, expectations, and power remain unresolved.

On the occasion of the 70th anniversary of Kalecki’s seminal lecture in Mexico on financing economic development, Jan Toporowski’s INET Working Paper considers the relevance of structuralism and Kalecki’s view of economic development for today.

INET at the Trento Economics Festival 3: A dialogue between Michael Spence and Robert Johnson The governance of technology is a new challenge. The Recovery Plans is encouraging the digital transformation of our economies. An acceleration of technological change is bound to deeply affect labor markets and income distribution. While labor-market adaptation is likely to stave off permanent high unemployment, it cannot be counted on to prevent a sharp rise in inequality.

By promoting unrealisitc models, economists have become part of problem rather than the solution