The Institute's blog

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

A slipping taboo - The Economist profiles INET's Hong Kong conference

"HONG KONG is the gateway to the world’s most dynamic economy. It is an obvious place to go looking for some dynamic economic thinking. On April 4th-6th the city played host to the fourth meeting of the Institute for New Economic Thinking (INET), an attempt to remake the economics discipline, financed by George Soros, a billionaire investor, among others. It was INET’S first big get-together in East Asia. Was it worth the trip? Read more

George Soros on Adair Turner's Groundbreaking Keynote and Why BOJ Stimulus is Risky

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.

Click here to watch the video

 

Adam Posen Takes the Stage

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

Complex Networks in Finance: Nature Physics Journal on Financial Complexity

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

Planning Against Planning: Hayek, the Mont Pelerin Society, and the Origins of Neoliberalism

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: How Political Strategy Has Crowded Out Needed Public Investment

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

Between Free and Forced Labor: An innovative new paper by INET grantee Suresh Naidu

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