Microeconomics

By suppressing important questions in favor of being cheerleaders for globalization, economists failed to influence the public conversation

The TPP is dead, as is the assumption that future free-trade agreements can be negotiated by experts alone

Economists offer widely different explanations for the decline in trade between nations, in a debate that remains unresolved but is increasingly urgent

A conversation with Isaac Stone Fish, Senior Fellow at the Asia Society’s Center for U.S. – China Relations and Asia Editor at Foreign Policy Magazine.

Economists honored for their work on contract theory, which has important implications for issues such as executive compensation that have been a focus of Institute research

An exclusive conversation with Richard Batley, Head of Macroeconomics at Lombard Street Research.

We are happy to announce that we are offering a second run of the online course which aims to introduce graduate students and interested persons generally to the basic methods and topics of standard microeconomics as taught at the Ph.D. level — with a bit of ‘attitude’!

Prof. Sanjeev Goyal explains his general theory of network formation based on individual incentives, and their economic implications

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?

The aim of the two-semester sequence is to explore a coherent alternative to neoclassical and post-Keynesian theory that does not rely in any way on concepts of utility maximization, rational choice, rational expectations, or perfect/imperfect competition.

How economists turned to the study of collective decision-making after World War II, faced many impossibilities, and lost interest after solving them

One thing is now certain about the upcoming presidential election in the United States: the next president will not be a committed free trader.

Mass protests challenging the government to focus on job-creation rather than on market liberalization and trade deals may carry a cautionary message to Western policy makers, too.

Capitalism will destroy itself, the former Greek finance minister warns, if economic calculation excludes human needs and ignores democratic verdicts

The Haas Institute for a Fair and Inclusive Society’s report analyzes the Trans-Pacific Partnership and examines the widespread global implications in the event of its passage.