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.

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

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

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.

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

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

The state has long used law to back private money—with dire consequences, then and now

For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.

A report of the Commission on Global Economic Transformation’s subcommittee on Macroeconomics & Finance

This year the YSI participation at the Trento Festival of Economics will be different. There will be no panels with talks that are too long, actually, there will be no talks at all… Welcome to The Trento Experiment!

A collection of our research on populism, globalization and nationalism

Treating education like a market is all the rage. But it hurts students, and our society.

Artificial intelligence doesn’t have to be a job killer—if we use it right

One of America’s leading socialists discusses how a collectively owned economy would be structured, the limits of the welfare state, and what Keynes understood that Marx didn’t

Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why

Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why

The implications of rising inequality are massive. Economists need to tackle it together.

INET Global Commission to collaborate with Pope Francis and Scholas Occurrentes on bringing the voices of young people into the economics profession

When workers are classified as independent contractors instead of employees, they fall into a hole not covered by many labor protections

The Chicago School’s weakening of antitrust law hurt the economy

This paper presents an historical analysis of the antitrust laws.

Lance Taylor, Emeritus Professor of Economics at The New School for Social Research, delivers the annual Heilbroner Memorial Lecture on the Future of Capitalism.

Modern Monetary Theory is problematic. Launching large scale fiscal programs that rely on it would be skating on thin ice.

Bloomberg features Dina Srinivasan’s research on Facebook & privacy

Dalmia brings his expertise in business, finance and economic trends in South Asia to INET

In commemoration of the 200th episode of INET’s New Economic Thinking video series, we’re highlighting 11 new economic thinkers who embody the INET spirit: creative thinking, passion for social justice, and fearlessness in breaking the status quo. If you like what you see, make sure to check out our YouTube channel for more!

“Facebook is undermining our country, our democracy.”

A report of the Commission on Global Economic Transformation’s subcommittee on Inequality, Technology, and the Future of Work

Low interest rate policy can only do so much to bring the relief to American borrowers that they deserve: past monetary policies, credit market regulations and stagnant labor productivity growth all get in the way. Interest rate policy activism is part of the problem, not the solution.

The Huffington Post features INET research on stock buybacks

Boing Boing covers Dina Srinivasan’s research on Facebook, privacy, and monopoly power

Facebook engaged in an elaborate bait and switch on user data: Privacy disappeared when competition did. Laws governing competition could change that.

Dani Rodrik says that when ideas become conventional wisdom, we are blind to their limitations

Excellence and Conformity in Economics: how to set the incentives straight

Group discussed pressing issues in the eurozone and the need for new economic thinking

Italy’s austerity-fueled crisis is a warning to the Eurozone

Globalization’s elite winners get lower taxes while its losers pay more

Why Italy’s woes are a warning to the whole Eurozone

China is the staging ground for an economic experiment: Can innovation succeed when it’s directed by an authoritarian stat

Despite the moral assurance and personal flattery that meritocracy offers to the successful, it ought to be abandoned both as a belief about how the world works and as a general social ideal.

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.

At a G20 preparatory meeting in Berlin, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees

Stigmatizing and relegating an activity to the shadows doesn’t improve anyone’s welfare

Kristen Ghodsee discusses her research on how love and relationships function under socialism and capitalism, and what economists miss about the rise of right-wing populism in Eastern Europe

The Times of India features INET’s event, “Rebuilding Kerala Economy: Time for a Paradigm Shift?”

The Hindu features INET’s event, “Rebuilding Kerala Economy: Time for a Paradigm Shift?”

“Founding father” of virtual reality explores the ways digital platforms change economic relationships Computer scientist Jaron Lanier explains the uneasy relationship between an analog world and a corporate digital infrastructure.