The Institute's blog

The Dogmas of the Market Economy Under Critical Scrutiny

By Antoine Reverchon (translated from French), Le Monde

Roman Frydman and Michael Goldberg deconstruct the theory of rational expectations. 

Restoring Accountable Governance: Collective Action When Market Forces Overwhelm the Nation State

Institute for New Economic Thinking President Rob Johnson gave the Young Scholars Intitiative keynote address on June 1st at the Festival of Economics Read more

A New Growth Strategy for Europe

The Austrian Institute for Economic Research in collaboration with several other major European research centers has just released two policy briefs on a new growth strategy for Europe. Both are of interest to anyone concerned with the European crisis. Links to the English language versions are available below. The first paper is concerned with general strategies for reviving Europe as a unit. It outlines the road taken by European leaders against the backdrop of possible alternatives. The second paper deals with the problems of the peripheral countries, mostly in southern Europe that are now deep in recession. Read more

Institute Grantee Vamsi Vakulabharanam Wins Amartya Sen Award for ‘Distinguished Social Scientists’ in India

Dr. Vamsi Vakulabharanam, an associate professor of economics at the University of Hyderabad and a grantee of the Institute for New Economic Thinking, has won the prestigious Amartya Sen Award, a newly instituted honor given by the Indian Council for Social Sciences Research (ICSSR). In recognition of his distinguished work, Dr. Vamsi will receive a citation, a plaque, and a cash award of Rs 10 lakhs. Read more

An INET Guide to the Eastern Economic Association Annual Meeting

If you're attending the EEA conference look below to see where you'll find stimulating discussions involving the INET community. For the full EEA program click here.

Thursday, May 9

8:00 - 9:20am

Session A1, Economic History

"A Classical-Marxian Model of Slave and Wage Labor
," John Clegg, The New School for Social Research; Duncan FoleyThe New School for Social Research Read more

More Services Means Longer Recoveries

By Martha L. Olney and Aaron Pacitti

Recovery from recessions takes longer than it has in the past.

The current crisis aside, this change has not happened because recessions themselves are longer. Nor has it occurred because recessions are deeper than in the past. Instead this change is the result of slower economic growth following the end of a recession. And slower growth means longer recoveries. Read more

Economics Needs Replication

By INET Grantees Jan Höffler and Thomas Kneib Read more

INET's Tom Ferguson and Rob Johnson on Debt, Growth, and Austerity

Long before the recent controversy, INET Director of Research Projects Tom Ferguson and INET Executive Director Rob Johnson produced a paper titled "A World Upside Down?: Deficit Fantasies in the Great Recession," which adressed both the Reinhart and Rogoff research Read more

Grantee Arindrajit Dube Examines Reinhart and Rogoff's Causal Claims

Reinhart and Rogoff's 2010 paper "Growth in a Time of Debt" has recently come under scrutiny. Read more

Reinhart and Rogoff Respond to Criticism

INET Advisory Board members Carmen Reinhart and Kenneth Rogoff today issued a response to recent criticism of their paper "Growth in a Time of Debt." Their response in full is below. Read more