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Unregulated, speculative lending markets nearly brought down the global financial system 10 years ago. Now, Western banks are exporting this failed model to the developing world.

A collection of our research on populism, globalization and nationalism

Given the choice, would you accept to live in a society where happiness and prosperity is guaranteed for all on the condition that one single person be kept permanently unhappy? Is the well-being of thousands of people “worth” the sacrifice and suffering of a single innocent child? Such is the dilemma to which the inhabitants of the utopian city of Omelas are confronted in Ursula Le Guin’s philosophical short-story “The Ones Who Walk Away from Omelas”. In her parable, most people are ultimately able to come to terms with the atrocity. The few citizens who cannot end up walking away from the city — nobody knows where they go and they are never heard from again.

The Irresistible Force Meets the Immovable Object?

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

The health crisis afflicting working-class Americans recalls similar symptoms in Russia following the collapse of communism

Filmmaker Warrington Hudlin taks to Rob Johnson about the protests against police brutality, the long history of racial oppression in the U.S., and his adaptation of Les Misérables set in the outskirts of contemporary Paris.

In Europe and the United States, political and economic breakdowns have become untenable.

Inflation and corporate profits, a further discussion

The Institute is proud to welcome the revival of an indispensable resource for those seeking to understand the evolution of economics in context

This paper studies the role of credit in the business cycle, with a focus on private credit overhang.

Hoping to learn from other countries’ experiences in organizing finance for agriculture, more than 150 Americans were sent abroad in the summer of 1913 to investigate the minutiae of farm-credit systems in and around Europe.

In this interview, Dr. Vera Songwe, economist and Executive Secretary of the United Nations Economic Commission for Africa reflects on the ways that African governments have handled COVID-19, the role of the Continental Free Trade Agreement in turbo-charging future growth, the vital role of infrastructural investment and mobilising domestic resources for building forward better and greener.

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