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Scholar sees Institute for New Economic Thinking conference as an important opportunity to discuss issues of race and economics, and of Detroit’s past and future 

“You are now leaving the world as you know it.”

What are the choices we must make to ensure technology empowers, augments, rewards, and respects the majority, not the few, given its increasing defining role in future economies and societies?

To what extant do existing mainstream models properly address issues such as heterogeneity and interactions, which are considered central ingredients to understand economic crises as emergent, endogenous phenomena.

The perverted dreams of western modernity and capitalism may be exhausting themselves, says author Eugene McCarraher. And that’s something to be thankful for.

India has for the last twenty years been undergoing a rapid and abiding structural shift in its pattern of development. The transformation of the economy from the period of the license raj to the post liberalization era has wrought many changes, with somewhat ambiguous implications.

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This research project proposes to revise common interpretations of 20th-century economic history by unearthing the often overlooked story of tax havens and offshore finance, Eurodollars, and export processing zones between the 1870s and 1980s.

This research project combines interdisciplinary expertise with a wholly unique database on hedge funds compiled by the Foundation for Fund Governance to examine the organization and governance of the offshore hedge fund industry.

How and Why Bankers Still Enjoy a Global Rescue Network

Why did so many Dutch voters vote for the far-right Geert Wilders?

Improvements in data collection create potential for better outcomes for the LGBT community.

How excessive debt hurts the economy and why to curb it.

In science, empirical disciplines such as physics, chemistry, history, and parts of sociology and political science, reason from facts.

Author Jeremy Lent argues that western conceptual frameworks with roots in the Stone Age push us towards disaster. Time to let them go?

The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy.

This research project uses information from digitized Google books and library catalogues to create new measures of technological innovation and diffusion for OECD countries from 1850 to the present.

An interview with Dr. Ibrahim Mayaki, CEO of the African Union Development Agency (AUDA-NEPAD)

The most popular political philosopher of his generation on liberal responsibility worldwide for the rise of the hard right

“Four men sat at a table. Raised sixty floors above the city, they did not speak loudly as one speaks from a height in the freedom of air and space; they kept their voices low, as befitted a cellar.”

The INET Taskforce in Macroeconomic Efficiency and Stability, chaired by Professor Joseph Stiglitz, focuses on the inefficiencies and instabilities that arise from the interaction of agents and institutions operating in networks and from pervasive macro-economic externalities, as well as on the macroeconomic inconsistencies that may result from those interactions.

A special note from INET board member john a. powell

“We choose this stochastic structure for computational reasons. This reduces the dimension of the variables. With (such and such) alternative, the computational burden would have dramatically increased.”

Michael Pettis, Non-Resident Senior Fellow at the Carnegie-Tsinghua Center for Global Policy, talks to Rob Johnson about how trade wars really are class wars and how nationalist conflict is shaping US-China relations and fracturing Europe.

In The Measure of Our Age, elder justice expert M.T. Connolly, who served as coordinator of the Department of Justice’s Elder Justice Initiative, offers both a warning and challenge: the systems we rely on to protect us as we age haven’t caught up to our longevity. Good news: we have the tools to build better ones.

Two-day workshop on: Dialectics of Globalism and Nationalism, Inequality and Populism, Agrarian and Urban Crises, Data and Social Justice

Gerald Friedman responds to the Romers on the Sanders Plan.

Marc Lavoie discusses the methodological foundations of heterodox economics, and offers a very different model of money and credit, firms and pricing, consumer theory, effective demand and employment and growth theories.

“Equitable COVID19 vaccine distribution is a very important issue of global solidarity”

How do governments accumulate such high levels of debt without constant major crises? Who is paying the price?

An interview with John Nkengasong, Director of Africa CDC, about how a coordinated response to COVID-19 in Africa has proven to be effective

The LEPC is a flagship initiative, designed to bring together leading voices in Law, Economics, and Public Policy to engage with complex, real-world challenges in a comprehensive and interdisciplinary manner.

The Young Scholars Initiative (YSI) is supporting the conference “Hello, Can You Hear Me? Added Value and Inequalities in a Global Market,” that will be held at La Sapienza University of Rome (Italy), on September 20th and 21st. The event is promoted by CEST and funded by the Young Scholars Initiative – INET and by the “Luigi Einaudi” Research Centre.

Andrew Sheng, Distinguished Fellow at the Asia Global Institute, University of Hong Kong, talks about the love-hate relationship between the US and China and how both sides must learn to cooperate to address the world’s most pressing problems

The last 30 years has seen a massive rise in the importance of financial instruments in the American economy. But what has been the impact of this shift in corporate investment strategy?

On the passing away of Victoria Chick

Luohan Academy will share content while working with INET to plan future co-sponsored events, seminars & more

A meeting hosted by INET’s Commission on Global Economic Transformation (CGET) and Oxfam Strategic Dialogue at the WEF Africa meeting

Why does the apparently prescient and correct “key currency” view remain an embattled minority view?

Wang Hui, author of The Rise of Modern Chinese Thought, now available in English, provides conceptual guidance for understanding China’s intellectual progress in a conversation with INET’s Lynn Parramore.

It is high time to ditch this myth for at least the following five reasons.

Improved access to education is often touted as the key to addressing racial inequality in the economy, but Lisa Cook’s research into the innovation economy shows that women and African-Americans are underrepresented despite their educational qualifications.

What is the purpose of economics?

In memory of Lance Taylor

Getting published in a top five economics journal is a near-requirement for tenure. But it’s a poor measure of research quality within a system that punishes creativity.

Regulators propose democratizing data and encouraging competition to reign in Big Tech. But such moves won’t go far enough in protecting user privacy. New: A reply to critics

It Could Fall On You.

Advancements in automation and artificial intelligence are quickly reaching tipping points, yet our policies, institutions and mindsets are woefully outdated. What will work look like in the future, and how do we secure a future that works for all?

Organized by the National Institute of Public Finance and Policy (NIPFP) in collaboration with the Institute for New Economic Thinking (INET), New York, the aim of LEPC 2017 is to bring together legal, economic and public policy thinkers to consider a variety of real world issues in India in a holistic manner.

As Chair of the Senate Budget Committee, Bernie Sanders can force votes on Medicare for All and cuts to the military budget. He will face opposition from the GOP and within the Democratic Party. Rob Johnson was a Senior Economist for the Budget Committee and Chief Economist for the Senate Banking Committee. He joins Paul Jay on theAnalysis.news podcast.

Prolific author and philosopher Ervin Laszlo discusses his most recent books, in which he outlines how the latest discoveries in science converge with spiritual insights and point to the ways in which society might evolve in ways that will help overcome contemporary crises.

Margaret Heffernan’s new book “Uncharted” warns against giving up the power to shape our destiny to gurus and gadgets promising false certainty.

By pushing workers into precarious, part-time work, “Third Way” governments of the past 20 years helped to create the disturbing economic trend that’s vexing orthodox economists

Phillip Alvelda, a scientist and entrepreneur with past roles at NASA and DARPA, sounds the alarm on cuts that threaten the innovative capacities that have made America a global powerhouse.

Comment on Paul Krugman’s recent observations on US inflation

A concentration of wealth and power that created a twin crisis of representation — in politics, and in expertise — set the stage for Donald Trump’s election victory, and has put America’s founding principles at risk

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

Economics Nobel laureate Michael Spence discusses the many changes that await us in the wake of digital technology developments and the pandemic, which are combining in unexpected ways

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

An interview with Professor Felwine Sarr, Professor of Economics at the Université Gaston Berger of Saint-Louis in Senegal, for INET’s series on COVID-19 and Africa

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

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.

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?

An interview with African development specialist Bara Guèye

There is a “tendency to neglect applied economics in writing the history of economic thought,” Roger Backhouse and Jeff Biddle remarked in 2000. They then followed the “applied” trail back into the XIXth and early XXth centuries, at a time the scope and nature of economics were debatted by continental and especially British political economists

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.

Fifty years ago the actions of the Federal Reserve mattered. Today, so far as the aggregate measures of the American domestic economy go, they do not.

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.

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.

The extremely wise Robert Skidelsky has an excellent rant against Anglo-Saxon economics departments

The forthcoming Institute for New Economic Thinking conference will focus on innovation and its impact on economics and society. When we think about innovation we tend to imagine the future. But as with so many subjects in economics, it’s also useful to examine the past.

Rana Dasgupta shares his view of the contradictions and tensions of India’s economic and political scenes.

The role of speculation in the crude oil market in the increase in the WTI crude oil price.

For the BRICS countries to not just grow their economies but also raise the standard of living of their people, inclusive growth that prioritizes poverty reduction is a must

In this episode of Economics and Beyond, Rob Johnson and John Fullerton discuss his new book, Regenerative Economics which explores flaws in traditional economic thinking, and the need for a new framework that views the economy as a living system.

A collection of our research on populism, globalization and nationalism

Medhora has served on INET’s Board since 2012 and is a distinguished fellow and former president of the Centre for International Governance Innovation (CIGI).

China’s successful technological development path stands in contrast to the corporate financialization model in the United States

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

Expert warns that without more robust abatement measures and testing, the virus could rage until mid-2022.

What is your first association when somebody talks to you about the economy?

Low interest rate policy can only do so much to bring the relief to American borrowers that they deserve: past monetary policies, credit market regulations and stagnant labor productivity growth all get in the way. Interest rate policy activism is part of the problem, not the solution.

How can we quantify the wage share implied by varying degrees and types of participation to Global Value Chains?

What sort of effective democratic political system does the United States want and need?

Elizabeth Kolbert, Pulitzer Prize-winning writer for The New Yorker, discusses her latest book, Under a White Sky, which explores how technological solutions don’t always lead where we think they will, especially in the face of the climate crisis.

Steven Shapin is visiting the UK. For those unfamiliar with the history and sociology of science, he is one of the giants of the field.

The recent growth in the scale and different forms of shadow banking and alternative finance mechanisms in China poses many questions of understanding, from its sustainability; different forms of credit growth; to the role of local government financing, and; the tensions between financial reform policy and practice.