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HCEO’s Angela Duckworth and Susan Murphy Awarded MacArthur “Genius” Grants

The MacArthur Foundation yesterday announced that Angela Duckworth and Susan Murphy, both members of the Institute for New Economic Thinking’s Human Capital and Economic Opportunity (HCEO) initiative, were each awarded one of 24 MacArthur “genius” grants handed out for 2013. Duckworth received the award for her work as a psychologist on how intellectual strengths and personality traits influence educational achievement. Read more

Crash Week Wrap-Up

Crash Week at the Institute for New Economic Thinking has come to a close. Thank you to all of our authors who wrote such great pieces and to our community who participated in the vibrant discussion on social media.

Below is a list of all our Crash Week features in case you missed one! Read more

Adair Turner on Credit, Money, and Leverage

Check out today's Financial Times, where Gillian Tett picked up on Institute Senior Fellow Adair Turner's recent speech to the Stockholm School of Economics: Read more

Did Capitalism Fail? Looking Back Five Years After Lehman

Editor's Note: Welcome to Crash Week! This week marks five years since the bankruptcy of Lehman Brothers and the financial crisis that followed. A lot has happened since then, but how much has changed? All week long we will be exploring this question from a variety of economic angles. Below is a piece from Roman Frydman, Chair of the Institute's Program on Imperfect Knowledge Economics (IKE), and Michael Goldberg, who is a senior research associate of the IKE program. Stay tuned for more contributions from our grantees, community members, leaders, and other prominent economic thinkers! Read more

Simon Johnson: The Problem of Too Big to Fail Is Even Bigger Than Before 2008

Editor's Note: Welcome to Crash Week! This week marks five years since the bankruptcy of Lehman Brothers and the financial crisis that followed. A lot has happened since then, but how much has changed? All week long we will be exploring this question from a variety of economic angles. Below is an interview with Institute Advisory Board member Simon Johnson on too big to fail and the debate over financial regulation. Read more

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