Government & Politics

INET Research on Financial Sector Weakness and Too Big to Fail

Possible repercussions of economic crisis on the stability of democracies that already show significant signs of fragility

The principal threat to economic stability currently is the overhang of debt, both private and public.

The advent of military Keynesianism is a warning against complacency about the moral superiority of the West in defending Ukrainian democracy.

Salaries in the U.S. aren’t keeping up with inflation, despite pandemic-related increases in some sectors. That’s a major threat to the future for all working Americans – especially the youngest.

How Showering Money on Both Parties Paralyzed Regulators

Emerging out of the COVID lockdown, inflation in the U.S. and globally has risen to the highest levels in 40 years. On December 2-3, PERI will host a conference to explore the causes of this global inflation spike. Conference participants will also provide critical perspectives on the austerity macroeconomic policies being implemented globally to control inflation and will propose alternative policies capable of managing inflation without imposing austerity and rising mass unemployment.

The 5th edition of the Law Economics Policy Conference (LEPC) is jointly organized by the Institute for New Economic Thinking, INET and FLAME University.

Why did Corporate Democrats “cede” the economic argument? Are they really fighting inflation or trying to weaken workers’ bargaining power? INET’s Thomas Ferguson joins Paul Jay on theAnalysis.news.

Moving away from fossil fuels, towards a system with a far greater contribution from variable renewables, means that the current system is not fit for purpose.

Economic issues are a primary part of Trump’s appeal to his base

Thirty Years of Indian Economic Reforms: Assessing the Growth and Development of Kerala

Servaas Storm’s commentary for an INET symposium on the Inflation Reduction Act

Thomas Ferguson’s commentary for an INET symposium on the Inflation Reduction Act

Is it good for your wallet? A climate bill in disguise? Landmark action or nothingburger? Economic experts assess the Democrats’ legislative victory for the Institute for New Economic Thinking.

The 5th UNCTAD YSI Summer School provides an opportunity to explore the Challenges and Opportunities of a New International Economic Order. The school will bring together UNCTAD experts, academics, diplomats, and young scholars from across the globe for lively and stimulating intellectual debates.

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

Author and law professor Maurice Stucke warns that as fundamental privacy rights vanish, your personal data can and will be used against you.

New mandates must beget new organizing

An analysis of gun lobby contributions to Republicans and Democrats

Besides the crucial COVID-19 vaccine patent waiver, far more is at stake at this ministerial than is generally known.

Author and law professor Maurice Stucke explains why the practices of Google, Amazon, Facebook, and Apple are so dangerous and what’s really required to rein them in. Hint: Current proposals are unlikely to work.

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.

The Toronto Star journalist Joanna Chiu discusses her book, China Unbound: A New World Disorder, which argues that we need to go beyond the typical over-simplifications of democratic West versus autocratic China if we hope to engage China in a way that seriously addresses issues such as human rights, climate change, and economic development.

Regulators propose democratizing data and encouraging competition to reign in Big Tech. But such moves won’t go far enough in protecting user privacy. New: A reply to critics

On April 4th, 1967, at a time when the justness and necessity of the Vietnam War was broadly accepted, Dr. King issued a stirring rebuke of the U.S. establishment. He was criticized heavily for challenging US foreign policy; he was told to stick to civil rights.

Patrick Lawrence, writer and executive editor of The Scrum, analyzes the roots of US foreign policy failures, how these are reflected in the current confrontation with Russia, which can be found the US establishment’s weddedness to power and to an unwillingness to see the other’s perspective.

Thirty Years of Indian Economic Reforms: Assessing the Growth and Development of Kerala

President Biden’s first SOTU Address was a missed opportunity to say what he knows to be true: Stock buybacks manipulate the market and leave most Americans worse off

Legislators who vote together get paid together

Using aggregate campaign finance data as well as a Transformer based text embedding model we can predict roll call votes for legislation in the US Congress with more than 90% accuracy.

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Terrence McNally, the host of the podcast Free Forum: A World that just Might Work, interviews Rob about the current state of the world and what needs to happen for us to get out of the mess in which we find ourselves.

How did this dire situation come about?

The 4th Law, Economics & Policy Conference (LEPC) is a virtual, multi-capsule conference series that aims to bring together legal, economic and public policy thinkers to consider a variety of real world issues in India in a holistic manner.

Covid and BLM protests were key to Biden’s victory

Covid and BLM protests were key to Biden’s victory

Economic journalist Martin Wolf’s address to the Center on Capitalism and Society at Columbia University’s 20th anniversary conference, Economic Policy and Economic Theory for the Future

From climate change to global public health, from inclusive development and sustainable growth, areas for cooperation abound between the US and China in a world hungry for directions and leadership. If, as Martin Luther King says, we may arrive in different ships, but we are in same boat”, how might the US and China work together on these issues?

Faced with increasing media polarization on different areas of technological, military and trade conflicts, can China and US manage the relationship and/or media relationship so that they avoid falling into the Thucydides’s Trap?

In spite of their differences and divergent interests, how can the two nations manage a bilateral relationship with far-reaching global implications towards peaceful coexistence forward?

The pandemic has caused havoc to the world’s health and economy, worsening inequality and disparities already disrupted by geopolitical rivalry, climate change, financialization and technology. Health, wealth and self are entangled in anger over rising inequality and temperatures.

On deregulation and Covid masks, libertarians are loud. On female liberty, deafening silence.

The Taliban was strategic in its use of violence, exercising restraint to influence military assessments of their capabilities in order to encourage more rapid withdrawals.

The 4th Law, Economics & Policy Conference (LEPC) is a virtual, multi-capsule conference series that aims to bring together legal, economic and public policy thinkers to consider a variety of real world issues in India in a holistic manner.

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.

The world-renowned development economist Jeffrey Sachs outlined a new framework for US-China relations in conversation with INET President Rob Johnson

The increase in populism that import competition causes has its roots in import competition’s adverse effects on local labor markets

Where are the US and Europe now and where could they be going?

New economic engagements with India.

The governance of technology is a new challenge. The Recovery Plans is encouraging the digital transformation of our economies. An acceleration of technological change is bound to deeply affect labor markets and income distribution. While labor-market adaptation is likely to stave off permanent high unemployment, it cannot be counted on to prevent a sharp rise in inequality.

Watch INET at the Trento Economics Festival online

Ransomware gangs have been causing extensive damage. It’s time that the government takes them more seriously.

A new age virtual conference series in 2021 that aims to bring together legal, economic, and public policy thinkers to consider a variety of real world issues in India in a holistic manner.

The People’s Bank of China’s network of local currency swap arrangements provide Asian countries with a much-needed safety net, while also strengthening China’s diplomatic position.

The People’s Bank of China’s network of local currency swap arrangements provide Asian countries with a much-needed safety net, while also strengthening China’s diplomatic position

An interview with African development specialist Bara Guèye

Un entretien avec Bara Guèye

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.”

Hedge fund managers are pushing American firms to play Wall Street games instead of investing in technologies of the future. China doesn’t have that problem.

History shows robust antitrust enforcement helps promote a prosperous, fair, and balanced economy. Antitrust expert Mark Glick explains how the U.S. went astray during the 1980s, and how to get back on track.

How to Get Relief to Those Who Need It. Gosia Glinska in Conversation with Anton Korinek

The $1.9 trillion stimulus should be large because the need is large

James K. Galbraith slams “unreliable” report claiming that raising the minimum wage would reduce jobs

The Straight Truth

Populist parties and the decline of progressive politics in Italy

This paper analyzes the role of local spending, particularly on social welfare, and local inequality as factors in the Italian political crisis following the adoption in 2011 of more radical national austerity measures.

Trump’s approach largely failed because the problem can’t be solved by tariffs. Here’s the answer.

A response to Jason Furman and Lawrence Summers

George Soros’ latest op-ed in the Project Syndicate reasserts his view how perpetual bonds could help the European Union overcome its deadlock on fiscal spending.

Individual EU member states ought to issue perpetual bonds

By fully utilizing the power of the Occupational Safety and Health Administration (OSHA), President Biden could take meaningful steps to keep workers safe during the pandemic, even without Congress’s help

What are the 100 most pertinent economic questions facing our global societ?

New INET research shows once again that it’s large firms and the 1%—not the “median voter”—who drive U.S. policy

In this paper we analyze the Gilens dataset using the complementary tools of Random Forest classifiers (RFs), from Machine Learning.

In this interview, Dr. Vera Songwe, economist and Executive Secretary of the United Nations Economic Commission for Africa reflects on the ways that African governments have handled COVID-19, the role of the Continental Free Trade Agreement in turbo-charging future growth, the vital role of infrastructural investment and mobilising domestic resources for building forward better and greener.

Unregistered lobbyists, including former members of Congress, are a key resource for lobbying firms

Unregistered lobbyists, including former members of Congress, are a key resource for lobbying firms

David Mussington, a leading expert on cybersecurity, reveals what’s worrying him, from Facebook to foreign interference.

In this interview, Folashadé Soulé and Camilla Toulmin discuss with Edward K. Brown, Senior Director, Research and Advisory services at the African Center for Economic Transformation (ACET) based in Accra, Ghana, on the effects of COVID-19 on regional integration and economic transformation in Africa, and the role of ACET and African think tanks in advising African governments respond to the crisis.

New book by Sarah Chayes reveals the country’s descent into a level of corruption usually associated with places like Nigeria and Afghanistan

For thirty years after the Civil Rights Act, a sizable share of white Southerners still voted Democrat. That changed when the party embraced trade deals that hurt American workers.

How NAFTA led to GOP dominance of the American South

Racial inequalities of wealth and income are pervasive. This episode of Debt Talks will feature a conversation with four prominent experts on the persistence of racial inequalities of wealth and income and the role of financial markets in shaping them.

Claudia Sahm dares to call out systemic bullying and harassment that drives out talent and compromises science. Perpetrators are not happy.

An alternative look at the “global savings glut”

While policymakers around the world are in fire-fighting mode, trying to keep the economies in their charge running and the mysterious pandemic under control, the global terrain beneath our feet is shifting. Which countries will emerge as winners and losers in the new global landscape?

The success of projects for pandemic preparedness and response depends on the strength of government-business collaborations.

How and Why Bankers Still Enjoy a Global Rescue Network

A look at Dodd-Frank’s impact

As the world economy seeks to emerge from the deep recession caused by the pandemic, economic nationalism and isolationism are on the rise. Yet the better response to lower growth and worsening inequality could involve globally-coordinated policy responses that focus on broad based, sustainable economic growth. Now more than ever it is time for a new global economic policy paradigm that can facilitate a strong recovery.

Gilead’s shareholders want exorbitant profits from Remdesivir, even though it was the public that enabled its development.

The Fed is taking an aggressive approach to put out the economic fires of the pandemic. But it needs to allow for flexibility as some business models irreparably change.

The speed and duration of COVID-19 economic recovery will depend on how the government will finance emergency programs.

The Occupational Safety Health Administration was created 50 years ago. Today, it’s in dire straits, say OSHA’s leaders during the Obama administration

In March the US government authorized the largest domestic bailout in history. Who were the real winners and losers of this bailout? Pulitzer Prize winning reporter Jesse Eisinger has been following the money.

As the collapse of global supply chains highlights the fragility that comes with economic interdependence, the pandemic is fueling the rise of ethnonationalism. Policy decisions in response to the crisis will play an important role in determining the fate of the world economy.

Regardless of what Trump says, the economic pain of the pandemic isn’t going anywhere

Every country has had a different policy response to the crisis; and within countries different political parties have championed various approaches. How has COVID-19 affected politics and social life in developed western countries?

Abstract, “basic science” research is essential to drug discovery. It is also largely funded by the public sector.