Archive

The INET Taskforce in Macroeconomic Efficiency and Stability, chaired by Professor Joseph Stiglitz, focuses on the inefficiencies and instabilities that arise from the interaction of agents and institutions operating in networks and from pervasive macro-economic externalities, as well as on the macroeconomic inconsistencies that may result from those interactions.

Many of the challenges facing the new EU Presidency will need to be addressed not only at the European level but within a reinvigorated multilateral framework.

Stock buybacks are giveaways for greedy investors at the expense of everyone else.

Pharmaceutical drugs are often a matter of life or death. It should be a prime objective of government policy to rid the industry of financialization.

INET experts discuss how financialization has driven up costs of healthcare—and how we can stop it.

Political theorist Wendy Brown explores new threats to democracy and society

Increased financialization is driving healthcare costs and must be addressed in our nation’s public policy.

To make start-ups work for everyone, we need to put power back in the hands of workers.

This paper analyzes the early stages of the formation of the Common Market.

This essay deals with the contradictory dynamics that engulfed Europe from 1959 to 1979, the year of the launching of the European Monetary System.

This essay deals with the EMS experience and its failure, with the Maastricht Treaty, and with the interregnum leading to the formation of the EMU in 1999.

Yueran Ma discusses her work with INET’s Private Debt Initiative

Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes

Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes

Economists make what we do seem complicated, says Ha-Joon Chang. It’s not.

INET papers and articles related to our co-sponsored event at the University of Utah featuring conversations between Utah judges, law professors, attorneys & economists. Watch the sessions

INET grantee Katharina Pistor is featured in Bloomberg

Big Tech companies are swallowing up nascent competitors. Why aren’t regulators paying attention?

How antitrust law is ill-equipped to address tech mergers

GDP doesn’t tell the whole story—Robert McMaster explains the Economic Democracy Index

This research project recounts the intellectual history of the dollar as an international reserve currency, starting with World War I, which brought the international gold standard to an end, and continuing all the way up to the present global financial crisis.

This research project explores the factors producing “herding” in the economics profession and professional investment community with the goal of articulating policy changes appropriate to the organization of the economics profession and its practices in particular.

This research project develops an approach to policy analysis in the context of a macroeconomic model that does not assume that people in the economy forecast the economy’s future evolution under any given policy in the same way as the policy analyst’s own model does.

This research project provides us with a greater understanding of why the Coase theorem came to captivate the minds of economics and legal scholars and how its impact on economics and law reshaped both the theoretical landscape and legal-economic policymaking.

This research project demonstrates the ways in which fact and value are entangled in economic concepts and the implications of this entanglement for the ways in which various economic problems are approached.

This research project develops, estimates, calibrates, and deploys a new class of stock flow consistent macroeconomic models to try to understand Ireland’s macroeconomic collapse since 2007.

New research shows how citation metrics create perverse incentives for corruption in economics

Wade Hands argues that empiricism without theory is insufficient

Summers and Stansbury mark a dramatic shift from New Keynesian orthodoxy, but only make it halfway to understanding the demand-driven nature of stagnant growth

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.

Mott walks us through answers many careful readers of Kalecki, Keynes, Steindl, and Minsky knew all along.

What is economics for? What is it about? How should it be done? How can it be of use to us? How is it connected to morals and politics?

Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.

An update from the meeting of the Commission on Global Economic Transformation (CGET) in Cape Town

Cambridge-INET is proud to announce a major conference on Keynes’s 1919 book.

Many indicators say the US is close to full employment: Hours of work tell a different story.

How Investor-owned Physician Practices Are Driving up Healthcare Costs

An animated look at economic history with Robert Skidelsky

Lance Taylor, Servaas Storm, Mario Seccareccia and Marc Lavoie comment on Lawrence Summers and Anna Stansbury’s article titled “Whither Central Banking?”

A Comment on Summers and Stansbury

Why Pushing on a String Has Never Worked

Summers and Stansbury Get It Half Right

A meeting hosted by INET’s Commission on Global Economic Transformation (CGET) and Oxfam Strategic Dialogue at the WEF Africa meeting

An except from Galbraith’s review of Paul Davidson’s Who’s Afraid of John Maynard Keynes? Challenging Economic Governance in an Age of Growing Inequality

The New York Times’ Binyamin Appelbaum explains the role Democratic presidents, from Kennedy to Obama, in moving economic policy to the right

An update from INET’s Young Scholars Initiative

Author Supritha Rajan argues that self-interested competition may be the official line, but it’s far from the whole story

The United Nations Conference on Trade and Development (UNCTAD) and the Young Scholars Initiative (YSI) are pleased to announce the upcoming UNCTAD Summer School 2019.

Risky lending took down the global economy in 2008. Tracking it now is a vital job for economists, says Juliane Begenau

Economics needs to better incorporate other social sciences

Inadequate demand and climate change require a global green new deal

Economists like to say they’re immune from ideological influence. Our research shows the opposite.

Hundreds of young scholars from all over Asia are coming together in Hanoi to discuss new economic thinking, present their research, and work with over 30 senior scholars. Join us there and become a part of YSI’s global community!

INET’s grantees and Commission on Global Economic Transformation are looking at artificial intelligence and society.

Progressive movements can and should push for pluralism in economics

Economics is often thought of as emotion-less, but Daniel Benjamin argues for happiness as a vital indicator

Economist James K. Boyce explains how to fight climate change and rising income inequality in one shot

Artificial intelligence promises to make our lives easier. But is the cost losing some of our humanity?

The central goal of any serious climate policy is to keep fossil fuels in the ground. The central question is how.

Economist Marie Mora discusses the deep economic crisis that has afflicted Puerto Rico for years

The Chicago School has long used bankrupt assumptions to strangle antitrust policy

The Chicago School has long used bankrupt assumptions to strangle antitrust policy.

Political risk—and what firms do about it

We adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual US firms: the share of their quarterly earnings conference calls that they devote to political risks.

When the stock market grows faster than the housing market, the gains of the top 1% outpace those of the middle class

It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

Andrea Gabor, author of “After the Education Wars,” discusses how California is pushing back on millionaire-driven charter schools. Will the rest of the America follow?

The idea that businesses are run to maximize profits for shareholders is just plain wrong, says William Lazonick

With journalism moving from a stable to a precarious profession, digital media workers have become some of the most organized in the startup world

Frequent civil conflicts in African countries may erode national identity, thus highlighting a reason why civil conflict is costly for growth and development

Frequent civil conflicts in African countries may erode national identity, thus highlighting a reason why civil conflict is costly for growth and development

Richard Vague and Rob Johnson discuss the role of excessive lending in causing financial crises throughout history

The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy.

As the maladies of modern capitalism have multiplied, fundamental questions about the future of the world’s dominant economic model have become impossible to ignore. But in the absence of viable alternatives, the question is how to reform a system that is increasingly at odds with democracy.

By promoting unrealisitc models, economists have become part of problem rather than the solution

There is not one opioid crisis in America—there are many. And supply-focused measures won’t stop them.

INET grantee William Lazonick is profiled in The New Yorker

Shaped by the 2008 financial crisis, a new generation of economists is expanding the boundaries of economic thinking on credit cycles, private debt, and financial stability.

Steven Pressman says in the next few years, we could see rising interest rates bring about a recession

Matthew Baron challenges conventional myths about booms and busts

Ben Power, who adapted the play “The Lehman Trilogy,” talks about the eponymous family’s role in the creation and destruction of American wealth

How free electricity could fight climate change and inequality

Veteran writer and public speaker Lynn Parramore gives you three keys to sharing your research with an audience. Quell the fear, banish the boredom, and light the fire!

Returns on wealth exceed growth for more countries, more years, and more dramatically than Piketty has found