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INET Co-founder George Soros talks with CNBC about last night's groundbreaking keynote speech on Overt Monetary Financing by INET Senior Fellow Adair Turner and about why the Bank of Japan's move is risky.

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Originally posted on the Fung Global Institute's website Read more

Just back from his three-year stint on the Monetary Policy Committee of the Bank of England, the new president of the Peterson Institute for International Economics Adam Posen sat down with The International Economy founder and editor David Smick. Read more

The financial crisis has made us aware that financial markets are very complex networks that, in many cases, we do not really understand and that can easily go out of control. Read more

Free-market thinking had reached a low point in the waning days of World War II, but some of the world’s best advocates for free markets and liberty helped rebuild interest in and knowledge of the value of markets through a group called the Mont Pelerin Society. Read more

Jeff Sachs takes on the coming sequester in today's Financial Times. He charges that getting elected required President Obama to make the "Faustian bargain" of preserving most of the Bush tax cuts - but this strategy has pushed Obama to make continual cuts in discretionary spending to compensate. This outcome is the opposite of the president's rhetoric and goals, Sachs says.  Read more

Economists differentiate free and forced labor as if there were no room in between. Yet history shows many examples of "intermediate" labor market institutions that fall outside this simple dichotomy. These historical labor markets have rarely looked like the textbook free markets.  Read more

Michael Goldberg was awarded last week the Todd H. Crockett Professor of Economics at the Peter T. Paul College of Business and Economics at the University of New Hampshire. Read more

Raghuram G. Rajan has been awarded the 5th Deutsche Bank Prize in Financial Economics 2013 by The Center for Financial Studies (CFS) for his highly influential contributions in a broad range of areas in financial economics.

The academic prize is sponsored by the Deutsche Bank Donation Fund and carries an endowment of €50,000. The CFS awards the prize biannually in partnership with Goethe University Frankfurt. The prize will be presented to Raghuram G. Rajan as part of an academic symposium in Frankfurt on 26 September 2013. Read more

That's the question that Adair Turner, Chair of the UK Financial Services Authority, was addressing in his lecture to Cass Business School this week. Since the current policy mix has failed, Turner reflects, "we must think fundamentally about what went wrong and be adequately radical in the redesign of financial regulation and macro-prudential policy to ensure it doesn't happen again." 

In this lecture, Turner does just that, getting to the root causes of the crisis and proposing policy solutions to clean up the mess and get our economies growing sustainably. Read more