Blogs

INET users have been astutely engaged in discussion around our current big question: “Why did so many economists fail to predict the global financial crisis, and so many policymakers mishandle it - while some saw it all coming?”

At INET, one the main topics we are interested in is the recent financial crisis, and especially, how the contemporary paradigm of economic thought missed the signs that led up to it.

In a recent column in the Huffington Post, INET advisory board member Jeffrey Sachs made the case that the economic debate in Washington has become “stale” and politicized - and needs to be reframed.

The New York Times has now pushed to the front page of today's paper an issue of real relevance to INET: how new web tools are beginning to upend traditional peer review in academia. 

Paul Davidson Joined the Advisory Board of the Institute for New Economic Thinking

Joseph Stiglitz, noted economist, Nobel Laureate and INET advisor, had a letter published in the Financial Times yesterday. In it, he noted the need for new ways of thinking about economics, and how this can be achieved.

At INET, we believe that new economic thinking can emerge from being exposed to a variety of resources. We recently asked our community about what they saw as the best places to look for new information and ideas. The community responded, and gave us quite a few good websites, books, and other resources.

In the midst of any crisis, hope can be found, perhaps in unlikely places. INET believes that the discipline of economics is at a crossroads, and that it needs to be reinvented for the 21st century.