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Umass Lowell Economics professor William Lazonick, outlines the history of how government and economic conditions favored the rise of a Black blue-collar middle class from the 1960”s to the 1970’s, and how shifts in policy and in the economy caused its unmaking from the 1980’s onwards.

We need a new system of rules for the digital 21st century that enhances global digital cooperation and welfare. Nothing less than a historic gathering of the world’s key decision makers will get us there.    

The Academic-Industry Research Network—theAIRnet—is a 501(c)(3) not-for-profit research organization devoted to the proposition that a sound understanding of the role of business in the economy requires collaboration between academic scholars and industry experts.

The intricacies of the political economy that play out across countries in the Global South have profound significance for understanding the nature of ecological change and economic security that confront our world today.

Fred Block, Research Professor of Sociology at UC Davis, joins Rob Johnson to discuss his latest book, The Habitation Society, which explores the need to move beyond industrial-era economic models to create an economy that prioritizes community well-being. Block critiques how economic policies have fueled inequality and stagnation while offering solutions—such as restructuring public finance—to foster prosperity for all.

An overview of the current digital access landscape in Africa

What can today’s economists learn from the 18th century Scottish thinkers who grappled with societal and economic change?

The Economics of Innovation Working group and the Economic History Working Group together with the Département d’histoire, économie et société at the University of Geneva, are launching the event Political Economy of Capitalism to be held in Geneva, Switzerland, on 27-28-29 August 2018.

Richard Vague, Secretary of Banking and Securities for the state of Pennsylvania and INET board member, discusses with Rob Johnson the need for stronger economic measures, the different economic strategies of the US and China, and the dangers of enormous private debt burdens

Global public goods, from health to peace to security, crisscross national and social boundaries. We need a new economic theory to understand their pivotal role in the global economy.

The Economic History Working Group and the Financial Stability Working Group are organizing a two day seminar on May, 12th-13th in New York. The theme for the will be “Institutional responses to financial crises 1870 to 2017”.

The Institute for New Economic Thinking has awarded $2 million in grants to fund 21 different projects as part of the latest round of its research grant program.

Strategizing on Addressing the Planetary Emergency and Unlocking Opportunities for an Exponential Just Transition

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.

Young women of all races and gender identities are powering movements from Black Lives Matter to immigration reform to reproductive justice to minimum wage and beyond. Researchers need to support their progress with metrics that capture the spirit they are building

Activist and poet John Sinclair and Rob Johnson discuss the early days of the counterculture, Sinclair’s role in MC5, and the transformation of music from art to commodity when the music industry’s commercial power blossomed in the early 1970s.

This two-day skills workshop / annual meeting of the Finance, Law, and Economics Working Group (FLE) aims to connect participants with politicians (MEP), lobbyists, NGOs, and practitioners working in fields related to law and finance. It will comprise workshops and visits with representatives, which will facilitate exchanges between academia and politics. Participants will gain fresh insights into the decision-making and lobbying processes in Brussels, allowing them to translate their ideas into actions and create a stronger social impact. 

EEO-1 employment data document the vast over-representation of Asian Americans and vast under-representation of African Americans at tech companies in recent years. How did this happen?

Group discussed pressing issues in the eurozone and the need for new economic thinking

Why some goods and services should stay in the public domain

New INET Governing Board Member Announcement

Getting the whole spectrum of governments, academia and civil society to track “natural capital” would help create shared efforts toward solving shared problems like the climate crisis.

Establishing legal responsibility in the fissured workplace

In this interview, Folashadé Soulé and Camilla Toulmin discuss with Edward K. Brown, Senior Director, Research and Advisory services at the African Center for Economic Transformation (ACET) based in Accra, Ghana, on the effects of COVID-19 on regional integration and economic transformation in Africa, and the role of ACET and African think tanks in advising African governments respond to the crisis.

This conference aims to explore important issues of economics of AI, good governance, humanization of AI technologies, privacy, considerations of creative thinking and imagination, and take a comprehensive look at the challenges and opportunities of AI technologies.

Former health insurance executive turned whistleblower and investigative journalist Wendell Potter discusses the many ways in which the private health insurance system of the US is not serving anyone well except the insurance companies’ owners

Terrence McNally, the host of the podcast Free Forum: A World that just Might Work, interviews Rob about the current state of the world and what needs to happen for us to get out of the mess in which we find ourselves.

A meditation on Vercelli, Vernengo and Levitt & Seccareccia

Over five phased announcements last week, the Indian government set in motion an unprecedented fiscal stimulus. Gaurav Dalmia looks at India’s near-term economic challenges and offers a prescription on how privatisation can help India achieve its objectives.

The Young Scholars Initiative is hosting its regional convening for Latin America in Mexico City from 17-21 June. 

A summary of INET’s latest Future of Work episode

This research project offers a historical taxonomy of organizational ways that governments fund and implement industrial and innovation policy as well as a taxonomy of contemporary implementation practices.

The Advanced Graduate Workshop in Development, led by Nobel Laureate Joseph Stiglitz is interested in identifying the complex interactions that influence well-being, development and growth.

The global financial cycle has transformed the well-known trilemma into a ‘dilemma’. Independent monetary policies are possible if and only if the capital account is managed directly or indirectly. This column argues the right policies to deal with the ‘dilemma’ should aim at curbing excessive leverage and credit growth. A combination of macroprudential policies guided by aggressive stress‐testing and tougher leverage ratios are needed. Some capital controls may also be useful.

Yuen Yuen Ang, political science professor at the University of Michigan and author of the book, China’s Gilded Age, argues that the US and China have more in common than we usually think and that it makes more sense to see the conflict as a clash of two gilded ages instead of a clash of civilizations.

The field of economics is aggressively sexist and biased against new and unconventional ideas. Revelations about gender and ethnic discrimination show the need to reorient the whole system toward more freedom, respect, openness, and pluralism. But how?

Since 2007, recurring food-price spikes reveal hunger as a problem of market design and underinvestment, not scarcity. With Brazil’s COP30 on the horizon, aligning climate commitments with food systems could cement policy space to manage markets and advance the right to food.

The IFMR Graduate School of Business, Krea University, in collaboration with the Institute for New Economic Thinking (INET) and its Young Scholars Initiative (YSI) is organising a conference on Climate Change Adaptation and Resilience in Agriculture: Strategies for Sustainable Development in South Asia

INET talks to Jayati Ghosh and Marina Della Giusta

An interview with Gilles Yabi, executive director of the West African Think Tank WATHI, on food security in Africa

By fully utilizing the power of the Occupational Safety and Health Administration (OSHA), President Biden could take meaningful steps to keep workers safe during the pandemic, even without Congress’s help

Financial Times Asia editor Jamil Anderlini talks to Rob about the lasting legacy of the Opium Wars on Chinese foreign policy, and the future of Hong Kong.

Financial Times columnist and author Rana Foroohar talks about her new book Homecoming: The Path to Prosperity in a Post-Global World

Distinguished Fellow at the Asia Research Institute, National University of Singapore, Kishore Mahbubani, discusses his latest book, The Asian 21st Century, in which he relates US decline to the rise of plutocracy and Asia’s renewed rise - after having fallen behind in the last 200 years - to its growing sense of dynamism, optimism, and diversity. This is the 200th episode of the podcast Economics and Beyond with Rob Johnson.

Trump’s approach largely failed because the problem can’t be solved by tariffs. Here’s the answer.

MIT economic historian Peter Temin discusses parts of his forthcoming book, focusing on the history of mass incarceration of uneducated Blacks and how it has created a permanent class of poor Black Americans

Gisele Huff, education policy specialist and president of the Gerald Huff Fund for Humanity, along with john a. powell, director of UC Berkeley’s Othering & Belonging Institute, talk about the motivations and process behind the soon-to-be-released report, “Convening on Automation, Opportunity, and Belonging: Vision and Foundations for a Better Society.”

Consolidation in the dairy industry has created separate, inflexible supply chains for consumers and commercial markets. When COVID killed commercial demand, perfectly good milk and cheese was wasted.

The University of Chicago is well-known for as the place where a famous group of economists, including Milton Friedman, Georges Stigler, Gary Becker, among others, developed a method for analyzing economic facts based on Marshallian price theory, a vision of the evolution of macroeconomic aggregates called monetarism, and an approach to individual liberties and the role of the state known as (neo)liberalism.

INET Global Commission to collaborate with Pope Francis and Scholas Occurrentes on bringing the voices of young people into the economics profession

The best new economic thinking in an age of the dominance of rent-seeking will be Marxian economic thinking

António Guterres and CGET Commissioners discuss cooperating on inequality, climate change, multilateralism, and more

This research project develops a “Money View” analysis of the recent evolution of China’s financial system.

An update from the meeting of the Commission on Global Economic Transformation (CGET) in Cape Town

In honor of the just-announced Nobel Prize in Economics for Daron Acemoglu, Simon Johnson, and James Robinson, we re-post an Economics and Beyond podcast episode from last year, featuring Johnson, discussing Johnson and Acemoglu’s latest book, Power and Progress.

What happened to the dream? Rob talks with David Smick about his new film and the inspiration for the project.

News about a wonderful workshop, “Knowledge Transfer and Its Contexts”

The BRICS countries—Brazil, Russia, India, China, and South Africa—play a crucial and growing role in the world economy. Sanjay Reddy kicks off our series exploring shifting social and economic dynamics within these countries, and what they mean for the global economy.    

This research project explores the underlying limits—especially of the social and economic sciences—in identifying causalities including, among other aspects, the strong epistemological and statistical limitations of and assumptions behind the methods applied.

This research project explores the causes and consequences of the rise of China’s shadow banks based on the Modern Money Theory and its extension on the analysis on modern financial systems.

Tiger Gao, founder and host of the podcast “Policy Punchline” at Princeton University, talks about the potentials of podcasting for challenging the fragmented and changing media landscape. Part 1 of 2

A budget approach cloaked in the aura of science and technical jargon became a tool of manipulation.

The election of Italy’s right-wing, populist government exposes the economic and democratic shortcomings of the European project and its nationalist rivals

William Overholt, Senior Research Fellow at the Kennedy School of Government at Harvard University, talks to Rob Johnson about how China expanded its power over Hong Kong, and the state of US-China relations.

Economic historian and INET board member Richard Vague, talks about his latest book, The Illustrated Business History of the United States, which reveals a number of misconceptions and myths about the development of the US economy

A British national of Bengali origin, novelist Rana Dasgupta recently turned to nonfiction to explore the explosive social and economic changes in Delhi starting in 1991, when India launched a series of profoundly transformative economic reforms.

The most crucial issue in European policy, and one on which no big party campaigned and no important public discussion took place, was the fiscal policy stance for the next few years.

Prosperity Now CEO Gary Cunningham talks to Rob, in a wide-ranging discussion, about the many ways in which the pandemic has affected racial justice and injustice and how we might overcome the divisions and polarizations that we currently confront.

Consolidation in the dairy industry has created separate, inflexible supply chains for consumers and commercial markets. When COVID killed commercial demand, perfectly good milk and cheese was wasted.

In this conversation with Folashadé Soulé and Camilla Toulmin, Pr Njuguna Ndung’u, a Kenyan economist, Director of the African Economic Research Consortium (AERC), a pan-African organization devoted to the advancement of economic policy research and training in sub-Saharan Africa, and former Governor of the Central Bank of Kenya (2007-2015) analyses how the pandemic creates more fragility in African economies, but also how reforms could be implemented during this crisis; and the urgent need for investment in strong health institutional capacities

University of Texas economist James K. Galbraith engages in a wide-ranging discussion of the many ways in which conventional economics has failed us, ranging from how to manage the post-pandemic economy, the role of finance, to the problems of inequality and climate change.

The corrosive social and economic effects of what have now become ‘normal’ unemployment levels require new solutions, and tradewithout full employment exacerbates the problem

In this interview, Dr. Folashadé Soulé and Dr. Camilla Toulmin discuss with Nanjala Nyabola, a writer and researcher based in Nairobi, Kenya. Nanjala’s work focuses on the intersection between technology, media, and society. She is currently the Director of Advox, the digital rights programme at Global Voices. Nanjala has held numerous research associate positions including with the Overseas Development Institute (ODI), the Oxford Internet Institute (OII), and other institutions, while also working as a research lead for several projects on human rights broadly and digital rights specifically around the world.

Ajay Chhibber, Distinguished Visiting Scholar at the Institute of International Economic Policy, George Washington University, and India’s first Director General of Independent Evaluation with the status of Minister of State in 2013-14, discusses his co-authored book, Unshackling India, about what needs to happen for India’s economy to take off.

During WWII FDR mobilized private manufacturers to support the war effort. To keep Americans healthy, we need to do the same now for medical equipment

How a bleak Christian theology influenced the development of the dismal science

Jeff Sachs talks with Rob Johnson about US-China relations, the tragedy of modern geopolitics, and how our current race to the bottom could be reversed.

The Institute for New Economic Thinking (INET) and the Open Society Foundations (OSF) announced that OSF has made a gift of $23.5 million to INET. The grant marks the completion of the organizations’ 12-year collaboration.

In this conversation with Folashadé Soulé and Camilla Toulmin, Pr Takyiwaa Manuh analyses how the pandemic has disproportionately affected women at different levels especially in Ghana, and describes why governments need to focus more strongly on the gendered impacts of COVID-19 in both their sanitary and economic response.

A better set of approaches for the 21st century.

An award created as a concession to market-minded bankers needs to recognize the centrality of social-democratic policies to the wellbeing of industrialized economies

Governments and civil society organizations must work together with UNCTAD to provide developing countries the tools — and the transformed governance regimes — they need to “build back better” through these challenging and difficult times.

Sheila Dow and Antonella Stirati bring their scholarly expertise to INET’s research advisory group

Professor Richard Portes discusses the problems of Europe and then specifically drills down into Greece itself.

How big tech barons crush innovation—and how to fight back

INET researchers have continued their innovative work and are finding larger platforms and eager audiences for it.