The Institute's blog

Inequality – It’s Bad…And It’s About to Get Way Worse

What’s behind rapidly worsening inequality in the United States?

A recent study conducted by Josh Bivens and Lawrence Mishel, “The Pay of Corporate Executives and Financial Professionals as Evidence of Rents in Top 1 Percent Incomes,” takes on this question by discussing the origins of rising trend of inequality and how it could be reversed. And in a study called “Income Inequality, Equality of Opportunity, and Intergenerational Mobility,” Miles Corak examines the impact that high levels of inequality can have on society. Read more

Embracing Wynne Godley, an Economist Who Modeled the Crisis

Check out today's New York Times for an article by Jonathan Schlefer on the economist Wynne Godley and the work he has inspired, particularly in "stock-flow" modeling. Read more

William Janeway: Can China Innovate at the Frontier?

Can China lead the way on innovation?

Institute for New Economic Thinking co-founder William Janeway addressed this question in his keynote speech at the Institute's conference in Shenzhen, China, on Monday. Titled "The Good Life: The Challenge of Progress in China Today," the conference explored the key challenges surrounding China's continued development. Read more

Apple’s Changing Business Model: What Should the World’s Richest Company Do with All Those Profits?

What should Apple, one of the world's most successful companies, do with its profits? Read more

The Good Life: The Challenge of Progress in China Today

The Institute for New Economic Thinking and China’s Tsinghua University today hosted their seminar in Shenzhen, China, called “The Good Life: The Challenges of Progress in China.” Read below for a report on the day's events!

Over the past three decades, China has been one of the most successful development stories in history. The country has maintained an annual average growth rate of almost 10 percent for a quarter century. Read more

The Philosophy of Economics: The Institute Kicks Off Event in China

The Institute for New Economic Thinking and China’s Tsinghua University today kicked off their seminar in Shenzhen, China, called “The Good Life: The Challenges of Progress in China.” The event started with an engaging dinner panel discussion on the philosophical aspects of economics. Read more

Bring on the Bubble: William Janeway on the Future of Green Technologies

Where will today’s innovation come from?

Many rich investors like Elon Musk have increasingly invested in creating breakthrough technologies. But can these “angel investors” really bring about the technological change we need? Read more

Saving Economics from the Economists - A Tribute to the Late Ronald Coase

Editor's Note: On Monday, Nobel Prize winning economist Ronald Coase passed away at 102. Though Coase was a self-decribed "accidental" economist who taught at the University of Chicago's Law School rather than its economics department, his work on transaction costs in  "The Nature of the Firm" and "The Problem of Social Cost" were major contributions in the history of economic thought. Read more

Understanding Money: Free Course Produced by the Institute for New Economic Thinking!

Interested in learning some new economic thinking? Want to spot the next financial crisis before it’s too late? Then sign up for this FREE online class on The Economics of Money and Banking!

The course, produced by the Institute for New Economic Thinking and taught by the Institute’s Perry Mehrling, explores money markets and how they work, both in the U.S. and internationally. Read more

How Milton Friedman’s NAIRU Has Increased Inequality, Damaging Innovation and Growth

By Servaas Storm and C. W. M. Naastepad , both Senior Lecturers in Economics at the Delft University of Technology

For many years, economic fatalism ruled the roost: markets are sovereign, governments must never interfere, social democracy is passé, and politics is effectively dead. The big bang of the crisis has ended this fatalism, and is – albeit slowly – leading to calls for a fairer capitalism (as by the Occupy movement).

Read more