Technology & Innovation
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Numbers Show Apple Shareholders Have Already Gotten Plenty
Oct 16, 2014
Apple should be returning profits to workers who have invested their time and effort into generating its products and to taxpayers who have funded the investments in the physical infrastructure and human knowledge so critical to Apple’s success.
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Inequality and the Future of Capitalism
Jun 25, 2014
The Research Network Macroeconomics and Macroeconomic Policies (FMM) organises its 18th annual conference on Inequality and the Future of Capitalism with introductory lectures on heterodox economics for graduate students.
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The Nature of Invention
Jun 26, 2014
The Institute for New Economic Thinking at Oxford researchers and collaborators data mine 200 years of US Patent Office records to uncover the true nature of innovation.
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Charles Babbage and the History of Innovative Thinking
Apr 7, 2014
The forthcoming Institute for New Economic Thinking conference will focus on innovation and its impact on economics and society. When we think about innovation we tend to imagine the future. But as with so many subjects in economics, it’s also useful to examine the past.
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Conference paper
Debt Restructuring versus Monetary Easing: The Eurozone Experiment
Mar 2014
Since the outbreak of the Greek debt crisis at the end of 2009, the Eurozone finds itself in an unprecedented debt crisis.
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What is Economic Success?
Oct 11, 2013
“You are now leaving the world as you know it.”
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America’s Debt-Ceiling Debacle
Oct 22, 2013
When Greece’s sovereign-debt crisis threatened the euro’s survival, U.S. officials called their European counterparts to express bewilderment at their inability to resolve the issue.
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The Good Life The Challenge of Progress in China Today
ConferenceSep 7–8, 2013
Every nation faces the challenge of imagining what a good life means. Sound nutrition, shelter, health care, personal safety, social stability, security of savings, clean air and water, and the development of children are among the elements of what many envision as vital to a happy and healthy society.
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Human After All
PlenaryApr 10–12, 2014
The Institute for New Economic Thinking joined the Centre for International Governance Innovation (CIGI) in holding its fifth Annual Conference from April 10 to April 12, 2014 in Toronto.
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Future of Work Industry 4.0 and the Pursuit of Social Innovation
ConferenceMay 4, 2016
Does the technology revolution require a new social policy?
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INET Guide to the 2017 EEA Meeting
ConferenceFeb 23–26, 2017
A reference guide to all Institute for New Economic Thinking (INET) community presentations at the Eastern Economic Association’s (EEA) 2017 annual meeting
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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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Piecing Together a Paradigm
YSI Plenary
YSI
ConferenceOct 19–22, 2016
New approaches are being developed, but efforts are fragmented and need to be brought together if we hope to piece together a paradigm.
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3rd Law Economics Policy Conference, 2018
ConferenceNov 26–28, 2018
Organized by the National Institute of Public Finance and Policy (NIPFP), New Delhi in collaboration with the Institute of New Economic Thinking, New York, the aim of the Law Economics Policy Conference series is to bring together legal, economic, and public policy thinkers to consider a variety of real world issues in India in a holistic manner.
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The Economics of Post-Factual Democracy
Debating bubbles and the implication of the post-truth phenomena and expertise on modern democracies
YSI
WorkshopFeb 9–10, 2017
Young Scholars from the YSI working groups on Innovation, Complexity Economics, Philosophy of Economics and Financial Stability will present their research at a one-day workshop following The Economics of Post-Factual Democracy conference in Copenhagen, Denmark.
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Artha Vivaad: Innovation Economy and the State
DiscussionDec 10, 2018
A panel discussion on the importance of the role of the state alongside private enterprise to encourage innovative entrepreneurship, productivity and economic growth in an “Innovation Economy.”
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YSI Latin America Convening
YSI
Regional ConveningJul 19–21, 2018
Young Scholars based in Latin America are invited to convene in Buenos Aires. The event serves to strengthen the Latin American network of new economic thinkers pursuing a new economic paradigm. Attendees will be able to enjoy several partner events during the same week.
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Inclusive or Exclusive Global Development?
Scrutinizing Financial Inclusion
YSI
WorkshopNov 21, 2018
Microfinance and then financial inclusion have become buzzwords in international development. Such initiatives have mobilised and generated large amounts of development funding, despite substantial amount of critique. Such critiques call for a more impartial assessment of the effectiveness of financial inclusion on the grounds that funds for microfinance, they argue, displaced development spendings on healthcare, education or infrastructure. In addition, the focus on expansion of financial markets to ‘bank’ and financially ‘include’ the poor may divert attention from more comprehensive and effective poverty reduction strategies. Critiques of this ‘way of doing development’ are often sidelined and labelled as ‘extreme’, ‘sloppy’ or ideology-driven rather than evidence-based. We believe that there is a need for contemporary development scholars from all disciplines to engage in those debates. This half-day workshop would bring in such scholars to discuss what we have learned from a decade of research on the microfinance, and how financial inclusion and the emergence of fintech may offer new opportunities - as well as risks - in for inclusive global development.
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YSI @ Energy Innovation Academy
YSI
ConferenceNov 28–30, 2018
The FSR Energy Innovation Area and the Complexity Economics Working Group of the Young Scholars Initiative (YSI) have the pleasure to invite you to participate in the 1st Energy Innovation Academy.
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Working Paper Series
The Subversion of Shareholder Democracy and the Rise of Hedge-Fund Activism
Aug 2018
This paper explains how hedge-fund activists are exerting power over corporate resourceallocation far in excess of the actual voting power of their shareholdings.
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Working Paper Series
The Value-Extracting CEO: How Executive Stock-Based Pay Undermines Investment in Productive Capabilities
Dec 2016
The business corporation is the central economic institution in a modern economy. A company’s senior executives, with the advice and support of the board of directors, are responsible for the allocation of corporate resources to investments in productive capabilities. Senior executives also advise the board on the extent to which, given the need to invest in productive capabilities, the company can afford to make cash distributions to shareholders. Motivating corporate resource-allocation decisions are the modes of remuneration that incentivize and reward the top executives of these companies. A sound analysis of the operation and performance of a modern economy requires an understanding of not only how much these executives are paid but also the ways in which the prevailing system of executive pay influences their decisions to allocate corporate resources.
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Working Paper Series
US Pharma’s Financialized Business Model
Jul 2017
Price gouging in the US pharmaceutical drug industry goes back more than three decades.
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Working Paper Series
The Functions of the Stock Market and the Fallacies of Shareholder Value
Jun 2017
Conventional wisdom has it that the primary function of the stock market is to raise cash for companies for the purpose of investing in productive capabilities. The conventional wisdom is wrong.
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Conference paper
The Two Innovation Economies: Follower and Frontier
Sep 2013
Can China lead the way on innovation?
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Bring on the Bubble: William Janeway on the Future of Green Technologies
Sep 4, 2013
Where will today’s innovation come from?
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William Janeway: Can China Innovate at the Frontier?
Sep 10, 2013
Can China lead the way on innovation?
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The Entrepreneurial State: Debunking Public vs. Private Sector Myths
Jun 12, 2013
is the public sector really sclerotic and conservative in contrast with a dynamic and innovative private sector?
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You Didn’t Build That: The Entrepreneurial State
Jul 8, 2013
A review of The Entrepreneurial State: Debunking Public vs. Private Sector Myths, the new book by Mariana Mazzucato
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Liberté, Égalité, Fragilité
PlenaryApr 8–11, 2015
The Institute for New Economic Thinking held its sixth Annual Conference from April 8 to April 11, 2015, in collaboration with the Organization for Economic Cooperation and Development (OECD) in Paris.
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The Economic Crisis and the Crisis in Economics
PlenaryNew Economic Thinking 2010
Apr 8–11, 2010
The Institute for New Economic Thinking convened many of the world’s most distinguished economists, academics and thought leaders at its inaugural Conference at King’s College, University of Cambridge.
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Changing of the Guard
PlenaryApr 4–7, 2013
The Institute for New Economic Thinking held its annual plenary conference in Hong Kong from April 4-7, 2013 at the InterContinental Hotel in Kowloon. The event discussed Asia’s emergence in the global economy and other core issues.
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Paradigm Lost
PlenaryNew Economic Thinking 2012
Apr 12–15, 2012
The Institute joined the Centre for International Governance Innovation, and the Mercator Research Institute on Global Commons and Climate Change in hosting its third-annual plenary conference in Berlin from April 12-15, 2012.
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The Institute at ASSA
DiscussionJan 2, 2016
Join us for a reception at the ASSA conference in San Francisco
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World Economic Roundtable
DiscussionExplaining a Decade of Stagnation: Where Do We Go From Here?
Dec 14, 2017
The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.
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Trento Festival of Economics
YSI Europe Convening 2017
YSI
WorkshopJun 1–4, 2017
The Young Scholars Initiative and its working groups will be hosting meetings and discussions in and around the 2017 Trento Festival of Economics.
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Globalization and the Developing World
YSI Latin America Convening 2017
YSI
ConferenceJun 17–21, 2017
The Young Scholars Initiative is hosting its regional convening for Latin America in Mexico City from 17-21 June.
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Innovation, Institutions and Governance
YSI
ConferenceSep 16–19, 2017
The YSI Economics of Innovation Working Group in partnership with the Ragnar Nurkse Department of Innovation and Governance, Tallinn University of Technology is hosting a YSI Conference on “Innovation, Institutions and Governance”.
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YSI Workshop @ 2017 ECLAC Summer School on Latin American Economies
YSI
WorkshopJul 24–26, 2017
The YSI Latin America Working Group is hosting a workshop at the United Nations ECLAC Summer School on Latin American economies.
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Festival for New Economic Thinking
YSI
ConferenceOct 19–20, 2017
The Festival for New Economic Thinking is a collaborative initiative of several organizations, and aims to bring together those who seek to improve how economics is taught, studied and practiced.
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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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Political Economy of Capitalism
YSI
WorkshopAug 27–29, 2018
The Economics of Innovation Working group and the Economic History Working Group together with the Département d’histoire, économie et société at the University of Geneva, are launching the event Political Economy of Capitalism to be held in Geneva, Switzerland, on 27-28-29 August 2018.
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Technology, Globalization and the Environment: Latin American Development in the XXI Century
ECLAC Summer School on the Latin American Economies
YSI
WorkshopJul 23–24, 2018
The Latin America Working Group and the Keynesian Economic Working Group of the Young Scholars Initiative (YSI) of the Institute of New Economic Thinking (INET) are hosting the workshop “Technology, Globalization and the Environment: Latin American Development in the XXI Century” to be held at the headquarters of the United Nations Economic Commission for Latin America and the Caribbean (UN-ECLAC) in Santiago de Chile on the 23-24 July 2018.
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YSI Workshop: Innovation, Economic Complexity and Economic Geography
In collaboration with the Collective Learning Group at the MIT Media Lab in Cambridge, Massachusetts.
YSI
WorkshopAug 5–7, 2018
The workshop aims to bring together experienced researchers with young scholars in the fields of Innovation, Economic Complexity and Economic Geography to understand knowledge accumulation and spillovers through products, people and places. Those interested in interdisciplinary research, especially bridging a gap between these topics are strongly encouraged to apply.
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Working Paper Series
The Mismeasure of Mammon: Uses and Abuses of Executive Pay Data
Aug 2016
Report to the Institute for New Economic Thinking on the statistical measurement and policy implications of the compensation of the highest- paid U.S. corporate executives
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Working Paper Series
Skill Development and Sustainable Prosperity: Cumulative and Collective Careers versus Skill-Biased Technical Change
Dec 2014
There is widespread and growing concern about the availability of good jobs in the U.S. economy. Inequality has been growing for thirty years and is now at levels not seen since the 1920s. Stable and remunerative employment has become harder for U.S. workers to find.
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Working Paper Series
Wage Increases, Transfers, and the Socially Determined Income Distribution in the USA
Apr 2014
This paper is based on a social accounting matrix (SAM) which incorporates the size distribution of income based on data from the BEA national accounts, the widely discussed 2012 CBO distribution study, and BLS consumer surveys.
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Working Paper Series
Who Invests in the High-Tech Knowledge Base?
May 2014
A nation must accumulate a high-tech knowledge base to prosper.
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Working Paper Series
Unemployment and Innovation
Nov 2014
This paper analyzes equilibrium, dynamics, and optimal decisions on the factor bias of innovation in a model of induced innovation.
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Working Paper Series
Labor in the Twenty-First Century: The Top 0.1% and the Disappearing Middle-Class
Jan 2015
The ongoing explosion of the incomes of the richest households and the erosion of middle-class employment opportunities for most of the rest have become integrally related in the now-normal operation of the U.S. economy.
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Working Paper Series
Innovative Enterprise or Sweatshop Economics? In Search of Foundations of Economic Analysis
Oct 2015
By integrating the history of industrial development in Britain and the United States with the ideas of leading economic thinkers, this essay demonstrates the absurdity of perfect competition as the ideal of economic efficiency.
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Working paper
Innovative Enterprise Solves the Agency Problem
Oct 2017
The Theory of the Firm, Financial Flows, and Economic Performance
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Facebook, Acquisitions, and Potential Competition
Oct 21, 2019
Big Tech companies are swallowing up nascent competitors. Why aren’t regulators paying attention?
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Working Paper Series
Big Tech Acquisitions and the Potential Competition Doctrine: The Case of Facebook
Oct 2019
How antitrust law is ill-equipped to address tech mergers
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WeWork Showed Us How Badly Start-up Bros Suck—but Shareholder Rule Isn’t Better
Nov 7, 2019
To make start-ups work for everyone, we need to put power back in the hands of workers.