January 2012

Moritz Schularick: Credit Booms Gone Bust

30 Ways to Be an Economist is INET's grantee interview series - INET grantees talk about how they do their work, and how they came to be doing it. This week: Moritz Schularick: Credit Booms Gone Bust. Read more

READING ROOM: Robert Johnson in Time Magazine about the Failures of the Economics Profession

"Not long ago, the principal theories of economics appeared to be the secular religion of society. Today, economics is a discipline in disrepute. It’s as if our ship of state broke from its stable mooring and unexpectedly slammed into the rocks. How could things have gone so spectacularly wrong? And what can be done to repair economics so economists can play a productive role in helping society?" Read more

David Tuckett: How Stories about Economic Fundamentals Drive Financial Markets

Fund managers cannot possibly know what the future will bring, yet they have to commit today to holding assets that promise a return tomorrow. Such a commitment requires confidence -- confidence that is hard to find in the face of uncertainty. To cope with the uncertainty, fund managers rely on gut feelings and invent stories that justify their decisions. In the end, it is stories and emotions that drive financial markets. That is, in a nutshell, the theory of asset pricing developed by David Tuckett. Read more

INET in Berlin: The Conference Program

We are pleased to announce the program of INET's annual plenary conference in Berlin. Over 100 scholars, journalists, and policy makers will participate in the conference entitled "Paradigm Lost: Rethinking Economics and Politics." All sessions will be filmed and uploaded to the web. Visit this page to explore the full conference program, and find the sessions below. Read more

Sanjay Reddy - Facts and Values Are Entangled: Deal with It

30 Ways to Be an Economist is INET's grantee interview series - INET grantees talk about how they do their work, and how they came to be doing it. This week: Sanjay Reddy - Facts and Values Are Entangled: Deal with It. Read more

INET in Berlin: The Annual Plenary Conference to Take Place on April 12-14, 2012

The Institute for New Economic Thinking will host its third annual plenary conference in Berlin from April 12 to 14, 2012. The conference, entitled “Paradigm Lost: Rethinking Economics and Politics," will take place in the Axica Conference Center adjacent to the world famous Brandenburg Gate. Read more