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Government safety nets give protected institutions an implicit subsidy and intensify incentives for value-maximizing boards and managers to risk the ruin of their firms. Standard accounting statements do not record the value of this subsidy and forcing subsidized institutions to show more accounting capital will do little to curb their enhanced appetite for tail risk.

Writing the history of economic journals is not merely a way to reconstruct the development of new fields and new approaches to economics. It also recasts current debates on peer-review, retractions, open-access, replicability, and bias in scientific publishing in a wider perspective. It answers important questions on the influence of editors, publishers and referees on the development or marginalization of various economic approaches. But such endeavour requires the preservation of journals’ archives, the recognition of historical expertise, and economists’ adoption of a more relaxed and humble approach to their history.

Beatrice Cherrier remembers Tony Atkinson’s influential intellectual, educational and institutional contribution to the field of public economics

This research project develops a theoretical framework to examine the relation between arbitrage capital and the price properties of different asset markets.

An interview with Pr Benno Ndulu, the former Governor of the Bank of Tanzania, for INET’s series on COVID-19 and Africa

A review of regional integration in Africa

The notion of “field” is so pervasive that economists hardly pay conscious attention to it.

Under the shared premise that no country alone can address the multiple challenges posed by intertwining and intensifying economic, social and environmental crises, this year’s lectures will discuss prospects and obstacles for a green and equitable transformation of the global economy.

The path of austerity could spread economic pain and social woes far beyond the Caribbean island, says public debt expert Martin Guzman 

Economic growth and rising prosperity does not happen at the moment of invention. Only an innovation policy aiming to maximise activities throughout the innovation cycle will succeed in capturing economic growth that enhance the welfare of all citizens.

Our partnership with the Oxford Martin School at the University of Oxford, is conducting visionary interdisciplinary research on a wide range of economic and public policy challenges.

This research project traces the history of German energy policy from 1945 to the present. It explores the political economy behind Germany’s transition from coal, to oil, to green energy, the crises driving these shifts, and the evolving efforts to balance affordability with security and environmental protection.

The pandemic has caused havoc to the world’s health and economy, worsening inequality and disparities already disrupted by geopolitical rivalry, climate change, financialization and technology. Health, wealth and self are entangled in anger over rising inequality and temperatures.

This research project improves our understanding of the effects of intellectual property rights—and in particular copyrights—on creativity and innovation.