Finance

Chaired by Nobel laureates Joseph Stiglitz and Michael Spence, INET has assembled a global team of leaders and scholars calling for new thinking & new rules for the world economy

U.S. GDP accounting underestimates intangible capital, overstates financial capital, and is all but oblivious to the the erosion of human and social capital. A serious growth slowdown is coming.

Neoclassical economics dismisses the role of money and the state in the economy. Keynes scholar Robert Skidlesky says it’s time for a re-evaluation.

The current international monetary system is costly, unfair, and risky. “Economic nationalism” and deregulation in the U.S. will make it worse. A multilateral alternative is needed.

Reactions to the size of the proposed plan rely on discredited assumptions and betray a fundamental misunderstanding of economic growth—and austerity 

“We don’t look after each other at all,” says Jeffrey Sachs on America today

Ten years after the crisis, financial regulation leaves taxpayers holding the bag for banks’ safety net.

“You never want a serious crisis to go to waste. …This crisis provides the opportunity for us to do things that you could not before.” This YSI Webinar and Reading Group aims to contribute to the historicization of the Global Financial Crisis of 2008 and its repercussions.

A financial industry safety net enriches bankers and their shareholders — at our expense

Ten years after Lehman Brothers’ collapse, the Wall Street casino is running amok

Back in 2008, a critical opportunity was missed when the burden of post-crisis adjustment was tilted heavily in favor of creditors relative to debtors. The result was not only prolonged stagnation, but also the Republican Party’s embrace of demagogic populism and the election of Donald Trump.

In 2008 a global financial meltdown was just barely contained. But Adam Tooze says that the crisis of confidence has had long aftershocks

George Soros and Rob Johnson Discuss the Causes and Consequences of the 2008 Financial Crisis

Despite disparate policy beliefs, MMT and orthodox macro rely on many of the same theoretical foundations

Both before 2008 and today, there’s a disturbing tendency in Washington to not take mortgage fraud seriously