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Why it’s time to repeal the debt ceiling and replace it with a ‘truth in borrowing’ act

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

[We are inaugurating something new in this blog: a jointly written post!]

“The aim would not be to unravel a hidden coherent structure of the philosophical, theoretical, political dimensions of his work, but to give a sense of the contingencies that his work was subject to – both in terms of its origins and its receptions. Don’t make up an Arrow that he himself was not aware of.” -Till to me, email conversation on Kenneth Arrow, summer 2012

We continue to learn about what the Fed did during the crisis.

The “War on Poverty,” and the impact of public policy

Predetermined profit margins and prices hidden in the back end of a transaction are really just market failures.

Economists who dismiss inequality as a problem secondary to poverty miss the point: Inequality is part of what drives poverty

Reindustrialization vs Financialization

A look inside the byzantine world of online ads

“To get into the mood for their [Charles Goodhart and Manoj Pradhan] ideas, you can listen to the authors talk about them to my colleague Stephanie Flanders on the Stephanomics podcast, or this podcast from the Institute for New Economic Thinking, or this episode of The Sound of Economics podcast from the Bruegel Institute.” — John Authers, Bloomberg

INET is all about thinking new things, and indeed academia is supposed to inspire great thoughts.

Economics can either fuel conflict or pave the way to lasting peace, the choice is ours.

Why to Be Wary of Another Volcker-Type Monetary Tightening

This research project introduces heterogeneous microeconomic behavior into a demand-driven stock flow consistent model to study the links between microeconomic financial fragility and macroeconomic instability.