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200 years after Marx’s birth, a look at how two economists sought to reconcile his idea of common ownership with market mechanisms

In a fresh release from INET’s book series with Cambridge University Press, renowned German economic historian Carl-Ludwig Holtfrerich uncovers the startling truth behind German currency reform usually hailed as the foundation of the post-war German economic miracle: Ludwig Erhard, who cooperated with the Nazis, unjustly claimed the spotlight, overshadowing the real architect, Edward Tenenbaum.

The solutions to Greece’s crisis challenge many existing economic paradigms, including the concept of “money” itself.

Cisco’s turn from innovation to financialization and what it means for the competitive position of the US information-and-communication-technology industry

Financial commentator Andrew Smithers responds to Lance Taylor’s INET working paper. You may also read Taylor’s response to Smithers’s comment here.

Without transparent accounting practices and proper risk management, the Federal Reserve’s current financial losses—unprecedented in scale—and the questionable accounting practices it uses to downplay their impact threaten public trust, economic stability, and the integrity of fiscal policy.

INET Research on Financial Sector Weakness and Too Big to Fail

This book traces the evolution of Charles P. Kindleberger’s thinking in the context of a ‘key-currency’ approach to the rise of the dollar system, here revealed as the indispensable framework for global economic development since World War II.

Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral

We study the lags with which new technologies are adopted across countries, and their long-run penetration rates once they are adopted.

Occasionally, financial speculation fastens onto transformational technologies that have the potential to create a genuinely new economy.

How models treat innovation may be just as important as their assumptions about climate damages

How do we regulate an information utility?

The economy is likely to be crippled for months and fiscal rescue on a large scale, once again, is very much necessary.

Employment as University Professor is by comparison with the grind of the professional world a peaceful, perhaps even relaxing, assignment.