5810 Results for “ https://www.galaxus.ch/en/sector/showdiscussion/snap-hack-online-visit-kunghaccom-d2d1mo9k-226342”

How the dark side of consumer finance prioritizes profit over people.

This research project employs a new theory and innovative empirical analysis as a new lens for understanding financial instability and financial crises, focusing on the Great Depression.

This research project seeks to understand the linkages between the changes in the financial economy and the behavior of households in the real economy.

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

Given the mounting need to create good jobs, effect structural change, and transform the economy, what should policy priorities be in the digital era? Is there a role for industrial policy? What new policy options do we need to achieve inclusive prosperity?

This paper examines the value of connections between German industry and the Nazi movement in early 1933. Drawing on previously unused contemporary sources about management and supervisory board composition and stock returns, we find that one out of seven firms, and a large proportion of the biggest companies, had substantive links with the National Socialist German Workers’ Party. Firms supporting the Nazi movement experienced unusually high returns, outperforming unconnected ones by 5% to 8% between January and March 1933. These results are not driven by sectoral composition and are robust to alternative estimators and definitions of affiliation. 

When a small group of companies can dominate a labor market, wages—and workers—suffer

What is the purpose of economics?

Beijing’s leaders face a critical dilemma over a credit boom that imperils China’s prospects for a smooth transition to a sustainable economic path

Economist Morton Schapiro, president of Northwestern University, and his colleague, literary critic and Slavic studies scholar Saul Morson, argue that—contrary to popular belief—studying the humanities is the key to not getting outsourced.

VIDEO

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

Frank McCourt discusses his work to reinspire hope in the American experiment, and to build the framework necessary for that better tomorrow.

On the occasion of the 70th anniversary of Kalecki’s seminal lecture in Mexico on financing economic development, Jan Toporowski’s INET Working Paper considers the relevance of structuralism and Kalecki’s view of economic development for today.

Traditional welfare systems have emphasized the need for redistribution post-production. Are these policies sufficient in the future?

Famed short-seller is even more concerned with political fallout from Evergrande than economic/financial woes.

What we’re reading: A weekly scan of published items relevant to the Institute’s work

Organized by the National Institute of Public Finance and Policy (NIPFP), New Delhi in collaboration with the Institute of New Economic Thinking, New York, the aim of the Law Economics Policy Conference series is to bring together legal, economic, and public policy thinkers to consider a variety of real world issues in India in a holistic manner.

Shadowy banking is safety-net arbitrage. It employs substitutes for products and activities performed within the traditional banking sector.

How Germany, the EU and the economics field itself suffer from myopia—and what we can do about it

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

Can economics be morally centered? And perhaps more importantly, should it be?

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.

INET at the Trento Economics Festival 2: A dialogue between Jayati Ghosh, Rohinton Medhora, Joseph E. Stiglitz, coordinated by Robert Johnson The world won’t emerge from the pandemic until the pandemic is controlled everywhere, and this is a special concern because of the new mutations that are likely to arise where the disease is running its course. So too, the world won’t have a robust economic recovery until at least most of the world is on the course to prosperity. Global growth is far more muted now than then, and inward-looking policies in some of the nations where growth has been restored have resulted in an increase in their trade surplus, attenuating the global impact of their recovery.

Stephen Kinsella has some advice for economists: “Sometimes, all you need is a nutter in a balloon to change your perspective. And perspective is everything.”

INET Executive Director Robert Johnson delivered a keynote address at the OECD Forum in Paristoday.

Going Down the Rabbit Hole at Jackson Hole

Economic distress in rural areas and opioid exposure in cities are key indicators of overdose deaths

Germany’s economic policies are under attack from all sides.

One INET project is to “reconnect the teaching of economics with the working of the actual economy,” which is to begin with a reform of the undergraduate curriculum.

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.

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.

A Bank for International Settlements study says 60+ trillion dollars of off-the-books currency swaps could be a profound, systematic risk. Robert Johnson joins Paul Jay on theAnalysis.news.

A recent e-mail conversation I had with Harro Maas concerning one of my latest drafts (shameless self-promotion) made me buy and read Naomi Oreskes and Erik Conway’s, Merchants of Doubts.

Author Rana Foroohar explains why the economic policies being touted by both presidential frontrunners offer none of the new thinking necessary to drive a policy response to revitalize the economy

Swift reorganization or liquidation of insolvent businesses is the single best policy to deal with corporate debt booms.

In Europe, imbalances in the structure of the automotive and a lack of industrial policies risk creating a deadly cocktail for millions of European workers just as the auto sector is undergoing decisive changes.

Which households are more exposed to financial risk and to what extent is their debt systemically relevant?

A response to Paul Krugman’s recent essay on U.S. and European productivity opens onto a broader question. If the standard metrics point in conflicting directions, perhaps the problem lies less with the economies than with the measures themselves.

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

The Huffington Post spotlights the INET financial instability video, produced by Four Corners Media, accompanied by an extensive written introduction fromINET Executive Director Robert Johnson.

Eric Laursen, author of The People’s Pension, explains to INET’s Lynn Parramore what’s at stake for Americans in a year of sneak attacks and misinformation.

The YSI Working group on Gender and Economics invites young scholars to partake in their session at the ATGENDER spring conference

Hoping to learn from other countries’ experiences in organizing finance for agriculture, more than 150 Americans were sent abroad in the summer of 1913 to investigate the minutiae of farm-credit systems in and around Europe.

This research project examines the long process of innovation at Fair Isaac, the analytics firm behind the FICO scoring system.

In his latest annual address at Cass Business School, Visiting Professor Lord Adair Turner warned that the world is caught in a ‘debt overhang’.

What have we learned about the American political economy from the crisis and its aftermath?

I think I am on the track of what ‘New Economics’ is, and one could roughly sum up two days of presentations in two diagrams:

Many feel that due to its size and scale the financial system has become a burden on society rather than a servant to it. What are the key elements of a productive financial sector?

An interview with John Nkengasong, Director of Africa CDC, about how a coordinated response to COVID-19 in Africa has proven to be effective

Rodney Jones, a long-time Asia analyst, colleague of Rob Johnson’s, and currently Principal of Wigram Capital Advisors in New Zealand, discusses how China and other Pacific Rim countries succeeded in containing the Covid-19 pandemic and what this means for the West’s rivalry with China

The sharp and sudden plunge scared everyone. Can the Chinese government get control of the market?

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

A call to action for a world economy in crisis

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.

Economics Nobel laureate Sir Angus Deaton discusses his latest book, Economics in America, which takes an autobiographical approach to how the field of economics addresses the most pressing issues of our time—from poverty, retirement, and the minimum wage to the ravages of the nation’s uniquely disastrous health care system.

In a world that increasingly promotes distraction and isolation, the ability to pay attention to each other has become ever more important. Philosopher Christian Madsbjerg talks to Rob about his new book, Look, which outlines how we can recapture our ability to pay attention.Subscribe and Listen on: Apple Podcasts | Spotify | Stitcher | Google Podcasts | YouTube

An event for INET’s Commission on Global Economic Transformation

In The Measure of Our Age, elder justice expert M.T. Connolly, who served as coordinator of the Department of Justice’s Elder Justice Initiative, offers both a warning and challenge: the systems we rely on to protect us as we age haven’t caught up to our longevity. Good news: we have the tools to build better ones.

INET’s co-founder reviews new books about John Maynard Keynes and Frank Ramsey

The Bretton Woods conference has a protean character.Talk in the corridors asks “what is it?” Some in the press (lots of press here) believe that deals are being made, the attendance of heavy hitters leads some to believe that consultations and strategies are being outlined for world government (Summers, Stiglitz, Brown, and yesterday Volcker arrived to close the event).

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.

“I was considering what I was going to do, [and] what I decided I could not do, was stay within the confines of mainstream academic economics.” Rob Johnson talks with INET Co-Founder Bill Janeway about his exciting new project at Cambridge University.

This morning, when I woke up a few hours before the Nobel announcement, I felt seriously dissatisfied. I had meant to write a post on Thomson Reuters’s prediction that Card, Angrist and Krueger may win the Nobel for their work on empirical microeconomics.

In a new book from Cambridge University Press, Lance Taylor reveals that wage repression — far more than monopoly power, offshoring or technological change — is driving rising inequality.

Let Them Eat Credit: Has Financial Capitalism Failed the World?

A new online course challenges typical teaching approaches.

Between a rock and a hard place

Average U.S. household loses over $100,000 to destructive activities of bankers and financiers

Judy Klein is Professor of Economics at Mary Baldwin College in Virginia. She is the author of Statistical Visions in Time: A History of Time Series Analysis 1662-1938, (Cambridge 1997) and co-editor of The Age of Economic Measurement (Duke 2001), and co-author of The Strange Career of Cold War Rationality (in preparation)

To what extant do existing mainstream models properly address issues such as heterogeneity and interactions, which are considered central ingredients to understand economic crises as emergent, endogenous phenomena.

The rise of the economist as engineer is, economists and historians say, an essential characteristic of the development of economics in the postwar period.

A response to Jason Furman and Lawrence Summers

John Kay shares findings from his new book, Other People’s Money, and his insights on changing the financial sector.

Developments in the real economy have persistently challenged central tenets of older economic thinking, such as the supposed close connection between the money supply and inflation.

In support of a European Banking Union, Done Properly: A Manifesto by Economists in Germany, Austria and Switzerland

Senator Elizabeth Warren, Federal Reserve Chairman Janet Yellen, and IMF Managing Director Christine Lagarde joined a renowned group of globally influential women in discussing how the financial system can be re-imagined to truly benefit society.

After Sweden’s elections, a look at how immigration and economics explain a political puzzle

In a recent piece in the Financial Times, George Soros makes the case that, to avoid a bleak future for the euro and the European Union in general, Europe should take steps to recapitalize banks before bailing out member states. In the piece, Soros discusses issues that INET is very interested in exploring further, such as the idea that flaws in macroeconomic theory helped lead to the financial crisis of 2008.

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.

Some time ago, my colleague and dear friend (nevertheless!) Loïc Charles wrote on the previous version of the Playground, a very nice and intriguing post on Samuelson’s introductory textbook, Economics, and TV Series.

How excessive debt hurts the economy and why to curb it.

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.

The World Bank and IMF say developing economies can’t afford to have strong labor laws. Actually, they can’t afford not to.

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.

In this comment, we explain our objections to the SEC’s current formulation of the Pay Ratio Disclosure Rule on each of three grounds: the erroneous estimation of CEO pay; the unclear specification of the “median” worker; and the risk of normalizing a pay ratio that is far too high. Then we present the latest data on the remuneration of the 500 highest-paid CEOs in the United States, demonstrating the way in which the SEC’s measure of CEO pay that enters into the CEO-to-median-worker pay ratio tends to systematically underestimate actual executive pay.

The scale of firm exposure to the coronavirus is unprecedented by earlier outbreaks, spans all major economies and is pervasive across all industries

What if innovation is not an unalloyed good for society? What if it simply adds to our current dystopian dysfunction?

Bill Black knows banks.

Antitrust expert Hal Singer shows how big businesses in certain industries are taking advantage of inflation worries to jack up prices far beyond their cost increases, all the while raking in robber-baron profits.

Former Deputy Finance Minister of Japan, Eisuke Sakakibara, contrasts Japan’s and the US’s response to the pandemic and talks about the different roles and economic strategies of some of the world’s largest countries.

In response to widespread discontent among students, employers, and university teachers, a project to create a new core curriculum for economics was launched at a seminar hosted by HM Treasury today. The CORE curriculum project, funded by the Institute for New Economic Thinking, convened the meeting, which was attended by academics, policymakers, business leaders, and students from around the world.

“Spain is now heading down the same path that bankrupted Ireland,” INET grantee Stephen Kinsella of the University of Limerick and Mark Blyth of Brown University warn on the Harvard Business Review’s blog.

“Spain is now heading down the same path that bankrupted Ireland,” INET grantee Stephen Kinsella of the University of Limerick and Mark Blyth of Brown University warn on the Harvard Business Review’s blog.

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.

Rohinton Medhora (INET’s Board Chair, member of our Commission on Global Economic Transformation, and Distinguished Fellow at CIGI) discusses global social healing, India and the G20 with INET President Rob Johnson.