122 Results for “ADAM SMITH”
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Article
Finally, an Economist Takes on the Topic of Power
Jan 16, 2024
Alessandro Roncaglia has mulled the topic of power over his long and distinguished career – a topic most economists avoid. His new book explores the historical dynamics of power and asks how we can change its distribution today.
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Video
Visions of Inequality
Nov 15, 2023
Branko Milanovic takes us on a historical journey through the evolution of economic inequality in his latest book. Milanovic connects these foundational ideas to contemporary issues, revealing the intricate tapestry of economic, social, and political forces that drive inequality today.
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Article
Theories of Economic Crises
Oct 24, 2023
The theoretical approaches to analyzing crises have behind them contrasting conceptions of the way the economy works
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Podcasts
An Immigrant Economist Explores the Land of Inequality
Oct 19, 2023
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.
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Article
We Owe an Apology to Adam Smith
Jun 7, 2023
Smith did not advocate a single-minded pursuit of profit
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Article
Markets and Artificial Intelligence
Apr 24, 2023
What happens when we fuse, for the first time, artificially intelligent agents into either our market or political structures?
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Article
We Need to Talk About the Original Sin of Economics
Feb 15, 2023
How a bleak Christian theology influenced the development of the dismal science
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Article
Does Nature Have Rights?
Aug 16, 2022
Ruskin scholar Jeffrey Spear, author of “Dreams of an English Eden: Ruskin and his Tradition in Social Criticism,” discusses how the insights of a key 19th-century thinker can help us build a new paradigm for protecting the planet – and save us from ourselves.
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Podcasts
The World After Capital
Aug 9, 2022
We are in the midst of another global transformation, but this time we might have the tools to get it right.
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Article
What Does Capitalism Repress? A Jungian Perspective.
Jun 17, 2022
Billions living in insecurity and injustice is hardly a rational system.
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Podcasts
Peace is the Result of Diplomacy, Never of War
Jun 2, 2022
Columbia University’s renowned economist Jeffrey Sachs talks about the lessons he has learned from consulting with governments around the world, about how global problems, such as the war in Ukraine, will only be solved via efforts to understand the other side, never through force.
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Podcasts
Creating a Digital Circular Economy for Net Zero
May 19, 2022
Luohan Academy’s Director Chen Long discusses the academy’s latest report, on the benefits of creating a “digital circular economy,” which would go a long way towards reaching net zero carbon emissions and addressing the climate crisis. Report link: https://www.luohanacademy.com/insights/bc89734b94adf00c
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Article
The Dollar System in a Multi-Polar World
May 5, 2022
The multipolar financial world is here. The United States can survive it – but only with major political and economic changes at home. It’s time to start thinking about what those need to be.
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Podcasts
The Ukraine War and the Madness of Militarism
Apr 28, 2022
Author and peace activist Norman Solomon talks about the double standards in US foreign policy that have smoothed the path for Russia’s inexcusable invasion of Ukraine. The role of the military-industrial-complex in the US is one of the main reasons we lack a single standard for the use of military force and human rights, says Solomon.
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Podcasts
The Return of Asia in the 21st Century
Apr 14, 2022
Distinguished Fellow at the Asia Research Institute, National University of Singapore, Kishore Mahbubani, discusses his latest book, The Asian 21st Century, in which he relates US decline to the rise of plutocracy and Asia’s renewed rise - after having fallen behind in the last 200 years - to its growing sense of dynamism, optimism, and diversity. This is the 200th episode of the podcast Economics and Beyond with Rob Johnson.
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Podcasts
Re-orienting Global Finance Towards Ecological and Social Goals
Apr 11, 2022
UNCTAD Director Richard Kozul-Wright and Kevin Gallagher, Global Development Policy professor at Boston University, discuss their book, The Case for a New Bretton Woods. Ever since the post-war economic order was dismantled beginning in the 1980s, a re-design of the global economic order has become increasingly urgent in light of the social and ecological crises that we face.
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Podcasts
The Problem of Ownership in Capitalism
Apr 7, 2022
Peter Barnes, the entrepreneur and author of the recently published book, Ours: The Case for Universal Property, talks about how new conceptions of property - a universal commons - could fundamentally transform capitalism to make it more ecologically and socially sustainable.
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Podcasts
Investing in Compassion
Mar 24, 2022
The tradition of abandoning our elderly populations needs to end. Sarita Mohanty talks with Rob Johnson about her work at the SCAN Foundation, and the critical importance of combating “ageism” to strengthening our society. Learn more: https://www.thescanfoundation.org/
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Podcasts
The Pandemic's Billionaire Variant
Mar 3, 2022
Max Lawson, head of Oxfam International’s Inequality Policy program, discusses Oxfam’s latest inequality report, “Inequality Kills,” which highlights the extreme growth in wealth of the billionaire class during the pandemic and how this has had a direct effect on the health and survival of the world’s bottom 50%.
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Article
Resource Limits to American Capitalism & The Predator State Today
Feb 10, 2022
VIDEO
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Podcasts
Regenerative Economics: A Necessary Paradigm Shift for a World in Crisis
Jan 27, 2022
John Fullerton, the Founder of the Capital Institute, discusses the urgent need for a new paradigm in economic thinking, modeled on living systems instead of Newtonian physics, which he calls regenerative economics.
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Article
Fable of the Squirrels: New Research on Wealth Inequality Among Animals Sparks Debate on Human Economies
Jan 18, 2022
Researchers studying beasts that pass on resources and advantages to offspring have raised the old question of whether humans are destined to live in stratified conditions. Your view may depend on your relative position.
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Podcasts
COP26: The Paralysis from Above
Jan 13, 2022
In a replay of INET Live’s webinar, following the COP26 climate conference in Glasgow last December, Richard Kozul-Wright of UNCTAD, Patrick Bond of the University of Johannesburg, and author Maude Barlow discuss the disproportionate impact climate change has on the developing world and the ways to best address it.
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Podcasts
The Antidote to the Wall is the Bridge
Jan 6, 2022
Professor Glenn Hubbard, professor of Finance and Economics at Columbia Business School, talks about his just-released book, The Wall and the Bridge: Fear and Opportunity in Disruption’s Wake, and how society and policymakers can help those who are left behind in the wake of today’s competitive world.
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Article
Is the Doom of Humanity Really Inevitable? Maybe Not.
Jan 4, 2022
Evidence reveals our remote ancestors were neither brutes nor innocents, but complex beings whose experiments in living have much to teach us. Welcome news as disaster looms in every direction.
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Webinars and Events
The Paralysis From Above: COP26 and Beyond for the Developing World
WebinarDec 1, 2021
For several weeks, representatives of governments across the globe gathered in Glasgow to discuss plans for climate mitigation and adaptation. But the meetings were dominated by representatives of the world’s most advanced economies, often to the detriment of the places where the majority of the world’s population lives: the developing world.
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Podcasts
A New Vision for Economics Education
Sep 21, 2021
The education of the next generation of economists too often ignores the real crisis we face today: climate change, inequality, and financial instability. Sam de Muijnck and Joris Tieleman seek to address this problem in their book, Economy Studies, which outlines a practical road map for effectively connecting pluralism of core academic material to real world events, values, and the great questions of our time.
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Podcasts
Water: The New Gold
Sep 7, 2021
The COVID pandemic highlighted the deepening water crisis. “Do we understand that over half the population of the world doesn’t have a place to wash their hands with soap and warm water?” says water warrior Maude Barlow.
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Podcasts
Transforming and Democratizing Institutions to Address Climate Change
Aug 9, 2021
Geoff Mann, professor of geography at Simon Fraser University and co-author of the book, Climate Leviathan, discusses the authoritarian dangers ahead, as the world tried to cope with climate change, and how all institutions, including central banking, need to evolve so they address the problem adequately.
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Podcasts
The Obscene Obstacles to Global Vaccine Distribution
Aug 2, 2021
Lori Wallach, of Public Citizen’s Global Trade Watch, and Jayati Ghosh, economics professor at UMass Amherst, discuss how first world countries are protecting pharma companies’ exorbitant profits, at the expense of vaccinating people living in the Global South and thereby also endangering everyone in the world.
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Podcasts
We Need a Reparative Culture
Jul 22, 2021
Andre Perry, senior fellow at the Brookings Institution and author of the book, Know Your Price: Valuing Black Lives and Properties in America’s Black Cities, discusses the on-going problem of how real estate dynamics continue to maintain racial injustice in cities across United States, and how we need a “reparative culture” to address the problem
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Podcasts
Myths and Landmarks in US Economic History
Jul 19, 2021
Economic historian and INET board member Richard Vague, talks about his latest book, The Illustrated Business History of the United States, which reveals a number of misconceptions and myths about the development of the US economy
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Article
Could Modern Crises Stem from Problems in the Human Brain?
Jul 15, 2021
As a pandemic continues to expose weaknesses in our human systems and institutions, psychiatrist and author Iain McGilchrist’s proposition that a battle in our heads is impacting the direction of our future is worth revisiting.
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Podcasts
Running Out of Time: Saving the World’s Oceans
Jul 8, 2021
World Ocean Observatory founder Peter Neill talks about the dire emergency in which the world’s oceans currently find themselves in and what must be done to save them.
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Article
China and the Supply Chain: A Comment on the June 2021 White House Review
Jun 23, 2021
Contrary to rhetoric from Democrats and Republicans, the U.S. has an economic interest in trade and peace with China
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Podcasts
INET at the Trento Economics Festival: Values: Building a Better World for All
Jun 16, 2021
INET at the Trento Economics Festival 1: A dialogue between Mark Carney and William Janeway, coordinated by Robert Johnson Our world is full of fault lines—growing inequality in income and opportunity; systemic racism; health and economic crises from a global pandemic; mistrust of experts; the existential threat of climate change; deep threats to employment in a digital economy with robotics on the rise. These fundamental problems and others like them stem from a common crisis in values.
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Podcasts
Life After Capitalism
Jun 3, 2021
Rob Johnson talks with Tim Jackson about his new book, “Post Growth: Life after Capitalism,” and how we might break free of the cycle of restrictive thinking which has plagued economics, and the world.
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Article
Top Economist: As Pandemic Recedes, a Chance to Rethink Unemployment
Jun 3, 2021
Canadian economist Mario Seccareccia, recipient of this year’s John Kenneth Galbraith Prize in Economics, says it’s time to reconsider the idea of full employment. He spoke to Lynn Parramore of the Institute for New Economic Thinking about why 2021 offers a rare opportunity to rebalance the economy in favor of Main Street.
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Podcasts
How to Control the Control of Nature?
May 17, 2021
Elizabeth Kolbert, Pulitzer Prize-winning writer for The New Yorker, discusses her latest book, Under a White Sky, which explores how technological solutions don’t always lead where we think they will, especially in the face of the climate crisis.
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Article
Lessons from the First New Deal for the Next One
Apr 13, 2021
Whether it is called “Build Back Better” or a “Green Industrial Policy” or, indeed, a Green New Deal, it is imperative to reject the false dichotomy of “jobs against climate.”
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Podcasts
The Future of Economics
Mar 25, 2021
Tiger Gao, brilliant young host of the Princeton University podcast, Policy Punchline, interviews Rob Johnson about INET’s aims, the function of economics in academia, and the relationship between Silicon Valley culture and the latest technologies, among other things.
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Podcasts
The Master Algorithm
Mar 22, 2021
Tim O’Reilly, the founder of O’Reilly Media and author of the book, What’s the Future?, talks about how new technology can either be considered a scapegoat or a mirror and what this means for our future.
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Podcasts
How the Study of Meaning-Making Will Enrich Economic Analysis
Feb 4, 2021
Robert Akerlof, economics professor at the University of Warwick, discusses his research into issues of self-esteem and values and how such a focus can greatly improve efforts to make sense of economic activity.
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Podcasts
Robert Borosage: There Is No Going Back to Normalcy
Feb 1, 2021
The co-founder of the Campaign for America’s Future, Robert Borosage, discusses the many potential pitfalls the Biden administration must deal with, from a new cold war with China, to the persistence of market fundamentalism.
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Article
Reconsideration of Fiscal Policy: A Comment
Dec 7, 2020
A response to Jason Furman and Lawrence Summers
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Article
The Gospel of Capitalism is the Biggest Turkey of All
Nov 25, 2020
The perverted dreams of western modernity and capitalism may be exhausting themselves, says author Eugene McCarraher. And that’s something to be thankful for.
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Podcast
Lynn Parramore & Jeffrey Spear
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Podcast
Michael Sandel
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Article
America’s Chilling Experiment in Human Sacrifice
May 14, 2020
John Ruskin helps shed light on what it means to have an economy that demands we die for it
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Article
The Economics and Politics of Social Democracy: A Reconsideration
May 14, 2020
To able to deal with these consequences, our crisis response now should not lock us in into a permanent state of austerity, greater inequality and heightened vulnerability to future health calamities. New-old social democratic solutions are needed more than ever before.
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Podcast
Peter Bofinger
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Podcast
Jeremy Lent
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Podcast
John Ralston Saul
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Podcast
Joseph Stiglitz
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Article
Psychologist Explains Why Economists—and Liberals—Get Human Nature Wrong
Feb 11, 2020
Jonathan Haidt deploys insights from moral psychology to help us see ourselves and each other more clearly
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Article
The Sacrificial Rites of Capitalism We Don’t Talk About
Aug 26, 2019
Author Supritha Rajan argues that self-interested competition may be the official line, but it’s far from the whole story
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Article
Capitalism’s Great Reckoning
Jun 24, 2019
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.
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YSI Event
INET/YSI Pre-conference @ STOREP 2019
YSI
WorkshopJun 25–27, 2019
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.
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Video
Teaching Economics the Adam Smith Way
Jun 6, 2018
The economist had to learn moral philosophy before anything else—an underpinning that’s still helpful for today’s students
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Article
Worrying About the Deficit is So 17th Century
Jun 6, 2018
In “celebration” of the late Pete Peterson’s 92nd birthday (see guest list), an excerpt from 19th Century historian Lord Macaulay’s History of England, on hundreds of years of unwarranted panic about government debt.
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Article
Meet the Hidden Architect Behind America's Racist Economics
May 30, 2018
Nobel laureate James Buchanan is the intellectual linchpin of the Koch-funded attack on democratic institutions, argues Duke historian Nancy MacLean
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YSI Event
YSI Europe Convening
YSI
Regional ConveningMay 31–Jun 3, 2018
As in previous years, young scholars will come together in Trento during the annual Festival dell’Economia. This gathering will serve as the YSI Europe Convening for 2018. Attendees will have the opportunity to share their work with YSI members from across Europe, while also partaking in the Festival dell’Economia.
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Article
INET Research in a Stressful Year
Feb 23, 2018
In the face of laissez-faire capitalism at home and resurgent nationalism across the globe, INET offers an innovative look at the causes of—and solutions for—the problems that ail a fissuring world economy.
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Conference Session
Adam Smith and the Scottish Enlightenment
Oct 21, 2017 |
Adam Smith and his contemporaries were key figures of the Scottish enlightenment. How much of his real thought survives in modern economics, and has something important been lost?
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Working Paper
Conference paperOn Adam Smith
Oct 2017
Given that this is a panel on that quintessential Enlightenment thinker Adam Smith, I can think of no better way to begin my remarks than to invoke that most enlightened of modern economists, Kenneth Boulding, who in 1971 penned the delightful essay, “After Samuelson, Who Needs Adam Smith?”
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Working Paper
Conference paperAdam Smith, the Scottish Enlightenment, and ‘realistic’ Philosophy
Oct 2017
Adam Smith’s modern fame as the founding father of economics has, until relatively recently, obscured the fact that he saw himself as a moral philosopher.
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Conference Session
INET President: Rebuilding A Moral Economics
Oct 21, 2017 | 11:15
Rob Johnson kicks off INET’s “Reawakening” conference with his take on how economists can win back the trust of a world that has rejected experts
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Conference Session
Scottish First Minister Opens #INET2017
Oct 21, 2017 | 11:00
Nicola Sturgeon covers a range of topics including how economists’ work relates to policymaking, the financial crisis and the dangers of groupthink, how dissatisfaction with stagnating wages and rising inequality played into political shocks like Brexit, the legacy of Adam Smith, why new economic thinking is so important, and what her government is doing to foster and apply it.
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Video
Scottish First Minister Opens #INET2017
Nov 10, 2017
Nicola Sturgeon covers a range of topics including how economists’ work relates to policymaking, the financial crisis and the dangers of groupthink, how dissatisfaction with stagnating wages and rising inequality played into political shocks like Brexit, the legacy of Adam Smith, why new economic thinking is so important, and what her government is doing to foster and apply it.
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Research Program News
Inequality Is Biggest Danger for Global Growth, Warn Top Economists (Bloomberg News)
Oct 24, 2017
This article originally appeared on Bloomberg
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Research Program News
Institute for New Economic Thinking uses Edinburgh conference to unveil new initiative to 'transform' global economy (Business Insider UK)
Oct 23, 2017
This article originally appeared on insider.co.uk
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Article
Enlightenment Then, Enlightenment Now
Oct 20, 2017
What can today’s economists learn from the 18th century Scottish thinkers who grappled with societal and economic change?
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Article
What Idea Shapes Our World More Than Adam Smith’s Economics?
Oct 20, 2017
Animal rights, child welfare, social equality are all a direct legacy of the “cult of feeling”
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Article
The Hidden Cost of Privatization
Jun 13, 2017
Why some goods and services should stay in the public domain
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Webinars and Events
Reawakening
PlenaryFrom the Origins of Economic Ideas to the Challenges of Our Time
Oct 21–23, 2017
INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.
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Article
The Mechanical Turn in Economics and Its Consequences
Mar 20, 2017
In the age of Adam Smith, an economics that masqueraded as natural science and excluded the human condition actually suited the interests of the landed and the wealthy
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Article
Kanth: A 400-Year Program of Modernist Thinking is Exploding
Mar 9, 2017
Eurocentric modernism has unhinged us from our human nature, argues Rajani Kanth in his new book
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Article
Can “It” Happen Again? Defining the Battlefield for a Theoretical Revolution in Economics
Feb 27, 2017
As part of our “Experts on Trial Series”, Antonella Palumbo argues for stripping away ‘scientific’ shibboleths that mask social and political choices
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Article
The economist as an expert: a prince, a servant or a citizen?
Feb 8, 2017
In his contribution to our ongoing series “Experts on Trial”, Alessandro Roncaglia argues that viewing economists as princes or servants of power is inherently authoritarian. We should instead see the economist as a socially and politically engaged citizen
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Article
'People Have Had Enough of Experts'
Feb 6, 2017
As part of our ongoing symposium “Experts on Trial”, Professor Sheila Dow argues that if voters have grown contemptuous of economists’ expertise, that’s because economics has been misrepresented as a technical subject separate from politics and moral judgments
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Article
Trumping Capitalism?
Jan 24, 2017
Donald Trump’s presidency is a symptom of an interregnum between economic orders – a period that will result in a new balance between state and market. While his administration’s economic policies are unlikely to provide the right answer, they may at least show the world what not to do.
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Article
Economists and Trump: Straight Talk on Trade
Nov 20, 2016
By suppressing important questions in favor of being cheerleaders for globalization, economists failed to influence the public conversation
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Article
General Equilibrium Theory: Sound and Fury, Signifying Nothing?
Aug 16, 2016
Does general equilibrium theory sufficiently enhance our understanding of the economic process to make the entire exercise worthwhile, if we consider that other forms of thinking may have been ‘crowded out’ as a result of its being the ‘dominant discourse’? What, in the end, have we really learned from it?
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Article
Profound Changes in Economics Have Made Left vs. Right Debates Irrelevant
May 31, 2016
New economic thinking has the potential to make political debates far more productive
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Article
This is Water (or is it Neoliberalism?)
May 25, 2016
A meditation on Vercelli, Vernengo and Levitt & Seccareccia
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Article
Neither Clinton nor Trump is engaging with the causes of America’s economic woes
May 17, 2016
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
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Article
Want to Grow the Economy? Might Be Time to Unleash the Devil.
Oct 27, 2015
Is an ancient financial taboo keeping us from prosperity? Adair Turner, author of a new book on global finance, explains.
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Article
Fixing The Financial System: Adam Smith Vs. Jeremy Bentham
Jun 9, 2015
How do we create a “change in culture”?
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Video
The Long Road Back Toward Ethical Banking Practices
May 20, 2015
How do we rebuild trust in financial services?
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Grant
Years granted: 2015, 2016Worlds of Political Economic Thought in Twentieth-Century China
This research project explores Chinese economic thought of the 1930s, 1940s, and 1950s, with direct relevance to the present day, and in particular focuses on one specific thinker, Wang Yanan, and the intellectual debates he animated and in which he participated as a major theorist.
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Grant
Years granted: 2012, 2013, 2014A Revolution in Economic Theory: The Economics of Sraffa
This research project contends that Piero Sraffa tried to develop an economic theory that could stand up as an alternative to the orthodox theory of value and provide a foundation for the Keynesian and post-Keynesian alternatives.
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Article
Why Don't Economists Go to Hollywood Parties?
Feb 15, 2015
Do economists live in a world of their own?
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Article
Adam Smith's first - and last! - book: what rational choice?
Oct 18, 2014
I was going to call this blog post ‘Utility maximising agents in Adam Smith’s Theory of Moral Sentiments’ but realised that was much too dull - even if it accurately describes my bedtime reading at the present moment.
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Article
Why Economics Curriculum Needs Historical Context?
Jun 24, 2014
Can Economists Be Adequate Without Studying History?
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Article
Kapital for the Twenty-First Century?
Mar 30, 2014
What is “capital”? To Karl Marx, it was a social, political, and legal category—the means of control of the means of production by the dominant class. Capital could be money, it could be machines; it could be fixed and it could be variable. But the essence of capital was neither physical nor financial. It was the power that capital gave to capitalists, namely the authority to make decisions and to extract surplus from the worker.
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Article
Solomonic Judgment vs. Sophists, Economists and Calculators [1] [2]
Dec 12, 2013
Given the choice, would you accept to live in a society where happiness and prosperity is guaranteed for all on the condition that one single person be kept permanently unhappy? Is the well-being of thousands of people “worth” the sacrifice and suffering of a single innocent child? Such is the dilemma to which the inhabitants of the utopian city of Omelas are confronted in Ursula Le Guin’s philosophical short-story “The Ones Who Walk Away from Omelas”. In her parable, most people are ultimately able to come to terms with the atrocity. The few citizens who cannot end up walking away from the city — nobody knows where they go and they are never heard from again.
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Article
In which MIT decided to teach micro first so as to make economics more relevant
Dec 4, 2013
I’ve already blogged on how undergraduate education evolved at MIT in the postwar era here and here, but since Mike Konczal and Paul Krugman make the case that, to bring introductory economics closer to the real world, macro should be taught before micro as Samuelson did in the first 13 editions of his Economics textbook, it may be worth returning to it.
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Article
Saving Economics from the Economists - A Tribute to the Late Ronald Coase
Sep 2, 2013
The degree to which economics is isolated from the ordinary business of life is extraordinary and unfortunate.
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Article
A new way of thinking in economics
Apr 2, 2013
What is the purpose of economics?
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Article
ASSA Meetings: a Showcase for the History of Economics?
Jan 20, 2013
Economists and historians of economics have related differently over time, and the past of the discipline has then served for varied purposes.