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News
Interlinkages and Systemic Risk: Institute-sponsored Conference in Italy on July 4-5
Jul 2, 2013
The Institute have organized a Workshop on “Interlinkages and Systemic Risk” in Ancona, Italy that will take place on July 4th and 5th.
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Site Pages
Voice & Tone
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Working Paper
Working paperSocial Structure, Markets and Inequality
Feb 2015
The interaction between social structure and markets remains a central theme in the social sciences. In some instances, markets can build on and enhance social networks’ economic role; in other contexts, markets appear to be in direct competition with social networks. The impact of markets on inequality and welfare is also varying: while markets can sometimes offer valuable outside options to marginalised individuals, in other situations only well connected and better off individuals can benefit from them.
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Research Program
Secular Stagnation
Are Falling Interest Rates and Slower Growth the “New Normal”?
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Article
Rethinking Social Progress in the 21st Century
Aug 14, 2018
A new report examines the path to global social progress. Unfortunately, there are no easy answers
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Article
Experts on Trial: Introduction
Mar 3, 2017
Widespread criticism of elites and their ‘experts ’ raises questions about how economists should perceive their role, and what role societies should give them. We invited four scholars to start an online conversation by sharing their perspectives
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Working Paper
SymposiumExperts on Trial: A Symposium
Mar 2017
Widespread criticism of elites and their ‘experts ’ raises questions about how economists should perceive their role, and what role societies should give them. We invited four scholars to start an online conversation by sharing their perspectives
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Article
Why is Economics Still Largely a White Male Preserve?
Nov 17, 2016
How economics underperforms in diversity, and some potential remedies
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Article
[PART 2] U.S. Current Account Deficits and German Surpluses: The Role of Income Distribution in Global Imbalances
Nov 6, 2013
In our two papers, we analyze how changes in personal and functional (wages versus profits) income distribution interact to produce different macroeconomic outcomes in different countries. On the basis of a stock-flow consistent model calibrated for the United States, Germany, and China, simulations suggest that a substantial part of the increase in household debt and the decrease in the current account in the United States since the early 1980s can be explained by the interplay of rising (top-end) household income inequality and certain institutions (e.g. easy access to credit, privately financed education and health care systems).
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Article
Experts on Inflation: Prognosis, Political Fallout and Who’s Really to Blame
Nov 18, 2021
Economists Claudia Sahm, Servaas Storm, and Pia Malaney share their views on the problem that has everyone freaking out. Here’s what it all means for your pocketbook – and your democracy.
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Article
Economic Consequences of the U.S. Convict Labor System
Mar 7, 2019
US counties with prison labor often have lower wage and employment growth
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Article
Warning: COVID-Fueled Mental Health Crisis Will Be a Costly Second Pandemic
Nov 30, 2021
It’s time to prioritize mental well-being to avoid far-reaching economic and social consequences.
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Article
Are American Colleges and Universities the Next Covid Casualties?
Jul 22, 2020
Colleges and universities need to be saved, not only from financial ruin, but also, all too often, from themselves.
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Article
Heckman Study: Investment in Early Childhood Education Yields Substantial Gains for the Economy
Dec 12, 2016
New research by Nobel Laureate and Institute for New Economic Thinking Advisory Board member James Heckman finds strong economic gains from birth-to-five education programs
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YSI Event
Festival for New Economic Thinking
YSI
ConferenceOct 19–20, 2017
The Festival for New Economic Thinking is a collaborative initiative of several organizations, and aims to bring together those who seek to improve how economics is taught, studied and practiced.