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Podcasts
Fear and Fascism: How America Reached a Political Breaking Point
Nov 14, 2024
Lincoln Mitchell, Political Science Professor at Columbia University, discusses the increasingly powerful fascist movement in the US., outlining the elements of fascism present in the MAGA movement, including its dependence on a strongman leader, the scapegoating of minorities, threats of violence and curtailing of freedoms of speech and assembly.
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Article
Five Years on from Lehman: The More Things Change, the More They Stay the Same
Sep 22, 2013
Sadly, it is questionable whether the economy has really improved.
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Article
Elon Musk’s latest power grab: Will Tesla’s CEO become the world’s first trillion-dollar employee?
Nov 7, 2025
Elon Musk secured shareholder approval for a new stock-based package designed to double his voting power at Tesla, potentially making him the first trillion-dollar employee. As this plan cements Musk’s control it ties vesting to audacious market-cap and production targets and diverts focus from progressive value creation. Musk’s governance, layoffs, and politicization could imperil Tesla’s EV leadership and ambitions in AI and robotics.
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Article
Liquidity Trap & Excessive Leverage
Mar 11, 2016
How excessive debt hurts the economy and why to curb it.
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Article
Is American Banking Safe? You Might Not Like The Answer from Two Fed Veterans
Dec 4, 2023
Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public from financial chaos
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Article
Oil Prices, Oil Profits, Speculation, and Inflation
Jun 26, 2023
The role of speculation in the crude oil market in the increase in the WTI crude oil price.
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Article
Big Money Drove the Congressional Elections—Again
Feb 11, 2021
The Straight Truth
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Article
CDS Deja Vu
Feb 6, 2011
Speculation, stabilizing or destabilizing?
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Grant
Years granted: 2013, 2014, 2015Modeling Minsky's Financial Instability Hypothesis - A Dynamical Systems Approach
This research project improves the mathematical capabilities of non-Neoclassical economics and uses modern techniques from nonlinear dynamical systems to model the expansion and contraction of credit and its effect on real economic output and asset prices.
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Article
Three Surprises on Climate Change from Economist Michael Grubb
Dec 12, 2017
Two years after the 2015 Paris Agreement, where we stand today is better than you may think
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Article
Development and Underdevelopment in Postwar Europe
Oct 1, 2014
The question of underdevelopment and development policies in postwar Europe will be the theme of a workshop organized by Michele Alacevich, Sandrine Kott, and Mark Mazower, at Columbia University, the Heyman Center for the Humanities, Friday, October 10, 2014. The program is available here. Below are some of Alacevich’s insights on the issue leading up the event:
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Podcasts
Creating a Digital Circular Economy for Net Zero
May 19, 2022
Luohan Academy’s Director Chen Long discusses the academy’s latest report, on the benefits of creating a “digital circular economy,” which would go a long way towards reaching net zero carbon emissions and addressing the climate crisis. Report link: https://www.luohanacademy.com/insights/bc89734b94adf00c
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Podcasts
Money Talks: The Erosion of Democracy in the Age of Billionaire Influence
Nov 7, 2024
David Sirota joins Rob Johnson to examine the history and impact of money in U.S. politics, as explored in Sirota’s investigative podcast series, “Master Plan.” Sirota discusses how a series of judicial rulings and policy changes since the 1970s enabled a system in which the voices of wealthy elites overshadow those of ordinary citizens.
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Article
A New Era of Endless Labor Shortages? A Critical Analysis of McKinsey's New Report
Jul 15, 2024
The McKinsey report’s highlighting of an extremely high job vacancy ratio in recent years does not reflect the true state of the U.S. labor market.
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Video
The Fundamental Design Flaw of the Eurozone
Feb 9, 2016
From the very start, the European Monetary Union (EMU) was set up to fail.
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Article
Bankers Will Be Let Off the Hook If We Don't Start to Take Ourselves Seriously
Sep 20, 2013
How can we contain institutional failure?
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Article
Stiglitz: Bad News Awaits America's Workers
Dec 28, 2016
Campaign promises aside, the policies favored by President-elect Donal Trump are likely to bring more pain than gain to working-class Americans
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Article
The Consequences of a Leaderless Economy
Mar 26, 2013
What happens when there’s no leader in the global economy?
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Article
The Entrepreneurial State: Debunking Public vs. Private Sector Myths
Jun 12, 2013
is the public sector really sclerotic and conservative in contrast with a dynamic and innovative private sector?
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Article
Imbalances in China's International Payments System
Jul 13, 2017
Why it’s urgent that China adjust its balance of payment structure and safeguard its foreign assets
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Article
Housing and the American Dream: Is A House Still a Home?
Feb 23, 2021
Single-family home-ownership—elusive for many today—is an aspiration we ought to abandon
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News
Understanding Money: Free Course Produced by the Institute for New Economic Thinking!
Sep 1, 2013
The course explores how money markets they work, in the U.S. and internationally.
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Article
Global Value Chains and Income Distribution Profiles: A World Survey
Feb 6, 2023
How can we quantify the wage share implied by varying degrees and types of participation to Global Value Chains?
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Article
Twisting in the Wind
Sep 24, 2011
While waiting for TALF
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Article
Trade Liberalization After the U.S. Election
Nov 16, 2016
The TPP is dead, as is the assumption that future free-trade agreements can be negotiated by experts alone
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Video
How the FED's QE Contributed to Inequality
Aug 3, 2016
Epstein discusses financial reform, central banking, and how the FED actually contributed to economic inequality.
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Podcasts
On Becoming a Purposeful Warrior
Jun 23, 2025
In this episode of Economics and Beyond with Rob Johnson, Michigan Secretary of State Jocelyn Benson discusses her book The Purposeful Warrior, which explores choosing courage over fear and standing up for democracy.
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Article
The New Lombard Street
May 18, 2011
Further Thoughts
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Article
When the Levee Broke
Sep 4, 2018
Ten years ago, the financial crisis washed away faith and trust in economics as a guide to social prosperity. Filling a void is difficult. We are still hard at work.
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Article
Postscript to INET’s Symposium on the Banking Crisis
Mar 27, 2023
Austerity for ordinary citizens and bank rescues for the affluent is a toxic mix
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Webinars and Events
International Conference on Social Identities, Institutions, and Economic Development in South Asia
ConferenceAzim Premji University Bhopal - INET - YSI Conference
Jan 17–18, 2025
The Economics Group at Azim Premji University, Bhopal, India, in collaboration with the Institute for New Economic Thinking and its Young Scholars Initiative (INET-YSI), is pleased to announce an international conference aimed at exploring the intricate relationships between social identities, institutions, and economic development in South Asia.
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Article
Worker’s Wages & Leverage Are the Real Targets
Nov 18, 2022
Why did Corporate Democrats “cede” the economic argument? Are they really fighting inflation or trying to weaken workers’ bargaining power? INET’s Thomas Ferguson joins Paul Jay on theAnalysis.news.
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Article
Trump and Wealth-Price Inflation: Still Running in the Background All the Time
Feb 28, 2025
Consumer demand by America’s most affluent citizens is driving consumer spending, and consumer spending, in turn, is the main force keeping inflation so high
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Article
5 Lessons from the End of the Larry Summers Era
Dec 1, 2025
Summers’ influence was immense, but so were his blind spots. It’s time for economics that values people and the planet over power and prestige.
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Article
Developing Asia Needs a New Economic Paradigm
Aug 13, 2019
Inadequate demand and climate change require a global green new deal
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Article
The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
Dec 8, 2025
Storm argues the AI data-centre investment boom is creating a bubble that will be socially and financially expensive when it pops.
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Working Paper
Working paperCommunity Networks and the Process of Development
Sep 2014
Anyone who has spent time in a developing country knows the importance of social connections. Among their many roles, these connections help individuals land jobs, and provide them with credit and other forms of support.
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Article
A Playlist That Conjures the Ferocity and Flair of Detroit
Jun 16, 2022
How can we develop a deeper, more human and multifaceted understanding of the past?
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Article
How Cuba Became a Biopharma Juggernaut
Mar 5, 2018
Cuba’s entirely state-owned biopharmaceutical industry has been remarkably successful, and can serve as a model for other nations
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Working Paper
Working Paper SeriesElasticity and Discipline in the Global Swap Network
Nov 2015
This paper sketches the outlines of the new international monetary system that has emerged in the aftermath of the global financial crisis.
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Article
Red Tech and American Politics: Nick French Interviews Thomas Ferguson
Nov 11, 2025
Venture-backed “tech capital” is reshaping U.S. politics through campaign finance, platform gatekeeping, defense/AI procurement, and policy entrepreneurship. In an interview with Nick French, INET’s Research Director Thomas Ferguson discusses these channels of influence, examining their macro-distributional consequences, and outlining guardrails to restore democratic accountability and broadly shared gains.
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Article
The Future of Work: What’s at Stake
Sep 29, 2020
INET explores how technological and economic changes are affecting employment
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Article
The Future of the Fed
Apr 6, 2011
The Fed changed over the course of the global financial crisis.
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Article
NGDP target, in practice
Oct 25, 2011
Last week Goldman Sachs published a note in favor of the Fed’s adopting a formal nominal GDP target, while Fed-watchers caught a whiff of a possible change in policy in the works.
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Article
Bretton Woods, Past and Present: 3. Models in Economics
Sep 24, 2011
I cannot resist but to start quoting Mary Morgan’s second entry to the second edition of the New Palgrave: “Modeling became the dominant methodology of economics during the 20th century.”
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Article
Productive Bubbles
Jul 28, 2021
Occasionally, financial speculation fastens onto transformational technologies that have the potential to create a genuinely new economy.
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Article
Independence vs. Accountability in the Evolution of the Fed
May 16, 2016
Peter Conti Brown’s new book explores and debunks a powerful meme shaping public understanding of the role of the Fed
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YSI Event
YSI Workshop @ 2017 ECLAC Summer School on Latin American Economies
YSI
WorkshopJul 24–26, 2017
The YSI Latin America Working Group is hosting a workshop at the United Nations ECLAC Summer School on Latin American economies.
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Podcasts
Solidarity: A World-Changing Idea
May 16, 2024
Leah Hunt-Hendrix and Astra Taylor talk to Rob about their recently released book, Solidarity: The Past, Present, and Future of a World-Changing Idea. The wide-ranging conversation covers the importance of solidarity in addressing the current crises of economic inequality, climate change, and democracy, emphasizing the need for collective action and social movements to bring about change, as well as the role of education and the arts in fostering a sense of community and shared identity.
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Article
When Things Fall Apart
Apr 4, 2016
Democratic capitalism is an evolving system that responds to crises by radically transforming both economic relations and political institutions. The time for a new phase has come, regardless of whether “responsible” politicians are prepared to admit it.
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Article
Rejoinder to Flassbeck and Lapavitsas
Jan 28, 2016
It is high time to ditch this myth for at least the following five reasons.
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Video
Fixing The Eurozone Architecture
Oct 8, 2014
Has the euro experiment largely failed to meet the needs of the people who use it? If so, what can be done? Andrea Terzi suggests innovative ways to repair the Eurozone’s flawed fiscal architecture.
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Article
Can it Happen Again?
Mar 27, 2023
This time is different. But is it?
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Article
Europe’s Gas Roller Coaster
May 13, 2025
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.
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Video
Understanding China’s Cultural Revolution
Jun 22, 2016
Frank Dikötter explores previously classified Chinese leadership documents, and attempts to set the record straight.
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Video
Government Risk and Private Sector Reward
Oct 29, 2014
How should the government recoup the benefits from the fruits of its research? And what role should the government play going forward in important areas such as clean tech?
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Grant
Years granted: 2011, 2012, 2013In Search of the Financial Accelerator
This research project explores how the output of firms outside of the financial sector is affected by the health of the banks and other financial institutions.
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Article
How Pseudoscientific Rankings Are Distorting Research
Jan 18, 2018
The shocking—but illustrative—example of how an Italian government agency concocted statistics to evaluate scholarship, hid them from the public, and masqueraded them as science. It’s a growing phenomenon
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Article
A New Approach for Estimating Firm-Level Cyber-Risk Exposure
May 22, 2023
Using computational linguistics to estimate firm-level cyber risk exposure based on quarterly earnings conference calls.
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Article
Is Wall Street Doing its Job?
May 20, 2016
What we’re reading: A weekly scan of published items relevant to the Institute’s work
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Article
Now You See It, Now You Don’t: Antitrust Arguments “Chicago Style”
Aug 17, 2023
ProMarket and the Consumer Welfare Standard An output increase is not sufficient to increase welfare. Allocation—how goods are distributed—matters.
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Article
Eurocrisis Redux
Mar 12, 2012
Entangling alliances or entangling leagues are nothing to the entanglements of cash owing—Keynes
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News
Charles Goodhart: Europe After the Crisis
Oct 20, 2011
Goodhart brings back on the table the 2% minimalist federal fiscal counterpart to monetary union: “As has been exemplified in the recent crisis, it is problematical to try to issue money without the power to support that via taxation. Equally without access to money (notably via taxes), the power to undertake counter-cyclical, or cross-country, stabilisation is limited. So, the second proposal is to revisit the exercise that was done, some twenty years ago, to assess what fiscal changes might be needed to accompany a single currency.”
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Article
Is it Really "Full Employment"? Margins for Expansion in the US Economy in the Middle of 2019
Sep 6, 2019
Many indicators say the US is close to full employment: Hours of work tell a different story.
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Article
4 Charts Explain Why You Should Worry About the New U.K. Covid Strain
Jan 13, 2021
Expert warns that it could be a race against the clock as the fast-spreading B117 variant picks up steam in the U.S.
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Podcasts
Revealing the Hidden Forces Behind Investment Decisions
Jun 28, 2021
Jim Nadler, CEO of the Kroll Bond Rating Agency, discusses the profound influence that bond ratings have on shaping social and economic outcomes, how they can contribute to environmental and social responsibility, and why a new approach to bond ratings is urgently necessary.
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News
Exposing Citation Gaming and its Institutional Causes
Sep 16, 2019
A new method developed by INET grantees to estimate country-level citation clubs and self-citations is making waves, with implications far beyond the paper’s initial focus.
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Article
Brexit, Trump and the challenge of populism
Jul 6, 2016
What we’re reading: As the shock of the UK referendum vote to leave the European Union continues to roil, a number of analysts see it as revealing dynamics of which all Western policymakers ought to be aware
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Article
The Long Goodbye? Mitch McConnell and Big Money Politics
May 16, 2024
In a political system whose primary currency is not the vote but the dollar, McConnell’s role as leader has plainly been well-earned.
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Podcasts
The New Climate War
Apr 22, 2021
Climate scientist Michael Mann discusses his new book, The New Climate War, in which he outlines the many ways in which powerful interests deflect, divide, and delay, to prevent real action that would avert the climate crisis
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Podcasts
The New Economics of Debt and Financial Fragility
Nov 17, 2022
University of Bonn and Sciences Po economics professor Moritz Schularick talks to Rob about the soon-to-be-released book, Leveraged, which he edited based on papers from an INET-sponsored conference. The book takes a close look at what we have learned about the costs and causes of financial fragility since 2008.
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Webinars and Events
The Future of Work | Making Technologies Work for All
Webinarmoderated by Katya Klinova with Antonio Andreoni, Tess Posner and Martin Reeves
Jan 19, 2021
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?
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Article
Why American Life Expectancy is Falling Behind Globally, Falling Apart by State
Feb 2, 2026
In a discussion with INET’s Lynn Parramore, researcher Steven H. Woolf explains how the peculiar features of life, policy, and economics in America are killing us sooner, and what we can do to change it. *This is Part 1 of a two-part interview; Part 2 is here.
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News
Nobel Laureates to Co-Chair Independent Commission on Global Economy
Oct 22, 2017
Joseph Stiglitz, Michael Spence and a global team of leading thinkers are calling for new thinking & new rules for the world economy
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Article
The Natural Rate of Interest Is Anything But
Jan 28, 2019
Central bankers pursue a “neutral” rate that doesn’t exist
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Video
Is Technology Killing Capitalism?
Aug 17, 2016
Is Market Capitalism simply an accident of certain factors that came together in the 19th and 20th centuries? Does the innovation of economics require a new economics of innovation? Is the study of economics deeply affected by the incentive structures faced by economists themselves, necessitating a study of the “economics of economics”?
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Article
Three Questions with Dean Corbae
Apr 19, 2016
Dean Corbae is a leader of the Markets network and Professor of Finance, Investment, and Banking at the Wisconsin School of Business, where he also holds an appointment in the Department of Economics. His current research focuses on consumer credit and bankruptcy, foreclosures, and banking industry dynamics.
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Podcast
Naomi Klein & Avi Lews
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News
Complex Networks in Finance: Nature Physics Journal on Financial Complexity
Mar 19, 2013
Why Nature Physics has released an issue focusing on physicists and economists considering the state-of-the-art in the application of network science to finance?
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Article
Don't “Buyback” Fair Labor Standards
Feb 20, 2019
We need to ban stock buybacks, while building a movement for basic economic rights
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Article
The Full Case Against Ultra Low and Negative Interest Rates
Mar 17, 2021
There are several reasons why unprecedentedly low interest rates will probably not stimulate demand and may even threaten financial stability
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Podcasts
China vs. West: New World Disorder
Apr 21, 2022
The Toronto Star journalist Joanna Chiu discusses her book, China Unbound: A New World Disorder, which argues that we need to go beyond the typical over-simplifications of democratic West versus autocratic China if we hope to engage China in a way that seriously addresses issues such as human rights, climate change, and economic development.
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Article
When Is the Time for Austerity?
Jul 26, 2013
Recent austerity policies have been guided by ideology rather than research. This column discusses research that reconciles disparate estimates of fiscal multipliers in the literature. It finds that common identification assumptions are problematic. Matching methods based on propensity scores show how contractionary austerity really is, especially in economies operating below potential.
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News
INET in Berlin: The Conference Program
Jan 17, 2012
We are pleased to announce the program of INET’s annual plenary conference in Berlin.
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Article
Why Dodd-Frank Is a Shell Game for Banks
Sep 27, 2018
Ten years after the crisis, financial regulation leaves taxpayers holding the bag for banks’ safety net.
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Article
Making Financial Regulations Work for Society
May 8, 2015
Remarks from Finance & Society May 6, 2015
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Article
We Can Do Better
Oct 24, 2013
In the aftermath of the 2008 financial crisis, distrust in the financial sector was widespread. Even after the mess appeared to be cleaned up, the uncertainty over whether the worst was over remained real.
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Article
A PBoC balance sheet primer
Jul 4, 2011
Last time, I looked at the Chinese property market. The last link in that chain of financial interlinkages is the People’s Bank of China, the Chinese central bank.
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Article
What You Can Do to Protect Yourself Against a Totally Unnecessary U.S. Government Default
Oct 14, 2013
If Congress and the White House fail to raise the debt ceiling this week and the United States defaults on its debt, what can we expect and how can we protect ourselves against these events?
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Article
Social Stability and Resource Allocation within Business Groups
Aug 22, 2018
In China, the government uses the purses strings of state-owned enterprises to control social unrest
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Article
Automotive Value Chains in a Brave New World
Jan 11, 2022
The pandemic and electrification are shaking the foundations of the auto industry
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Article
The Inflation Reduction Act’s Impact on Pharmaceutical Innovation: What Real Evidence Shows
Jun 26, 2025
Has the Inflation Reduction Act hindered pharmaceutical innovation? Evidence shows that the pharma industry can strategically manage disruptive change.
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Article
Greenspan Calls for New Economic Thinking
Mar 30, 2011
But not by him
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Podcasts
The Urgent Need for Climate Reparations
Nov 8, 2021
Patrick Bond, sociology professor at the University of Johannesburg, South Africa, discusses the urgent need for climate reparations for Africa, in light of the COP26 climate summit, and why market solutions will not work to address the problems Africa is currently facing. Part 2 of 2.
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Article
[PART 1] U.S. Current Account Deficits and German Surpluses: The Role of Income Distribution in Global Imbalances
Nov 25, 2013
Germany’s economic policies are under attack from all sides.
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Video
The Debt We Don't Talk About
Mar 28, 2018
Mainstream economists have ignored private debt to our peril
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Podcasts
Anthro-Vision: A New Way to See in Business and Life
May 20, 2021
Financial Times columnist and US editorial board chair Gillian Tett talks about her new book, Anthro-Vision, which makes the case for how anthropological intelligence can help us make better sense of the contemporary world.
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Video
Mazzucato and Kaletsky Debate U.K. Mortgage Plan on BBC
Nov 27, 2013
The Bank of England took the first step in putting the brakes on the surging property market as it scrapped the United Kingdom’s flagship initiative that encourages mortgage lending, introduced earlier this year by Treasury minster George Osborne.
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Working Paper
Conference paperFinancial Instability after Minsky:Heterogeneity, Agent Based Models and Credit Networks
Apr 2012
Albeit the majority of the profession either ignores Minskyís Financial Instability Hypothesis (FIH) or considers it plainly wrong, at least since the mid-80’s a few influential economists —who have certainly not embraced any unorthodoxcredo —have grown more receptive to this idea and eager to incorporate it in their models, even if diluted and sometimes disguised in order to make it more palatable to the conventional “representative” macroeconomist
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Article
INET Research in a Stressful Year
Feb 23, 2018
In the face of laissez-faire capitalism at home and resurgent nationalism across the globe, INET offers an innovative look at the causes of—and solutions for—the problems that ail a fissuring world economy.