August 2012

Felix Salmon: Curb High-Frequency Trading and End the Stock Market “War Zone”

When Felix Salmon looks at the global equities market he sees a world of free-for-all electronic warfare that likely would be more recognizable to Isaac Asimov than Milton Friedman. Read more

Posted by The Institute for... at 8:31 am

'Economists at Fault for Recent Crises': An Interview with the Bank of England's Andy Haldane

In a recent interview, INET Advisory Board member and Executive Director for Financial Stability at the Bank of England Andy Haldane took aim at the economics profession.

Asked if the economists should shoulder blame for the recent crises, Haldane didn’t pull any punches: Read more

Posted by The Institute for... at 12:54 pm

INET Spotlight – Ben Bernanke to Economists: More Philosophy, Please

Ben Bernanke, Federal Reserve chairman and philosopher?

This week Bernanke spoke to the International Association for Research in Income and Wealth, and, as Bloomberg Businessweek notes, he was singing a different tune. Read more

Posted by The Institute for... at 1:22 pm

VIDEO: Beyond the Numbers - Michael Najjar's Artwork at INET Berlin

In January 2009, artist Michael Najjar stood on the summit of Mount Aconcagua, at 6,962 meters the highest mountain in the world outside of the Himalayas. Read more

Posted by The Institute for... at 1:12 pm

Sleepwalking with Heiner

In the Financial Times Deutschland on Aug. 1, Dr. Heiner Flassbeck raised some serious questions about the INET Council on the Euro Crisis (ICEC) and its diagnosis and prescription for euro-zone change. Read more

Posted by Robert Johnson at 1:35 am

Which Economists Are Worth Listening To?

What makes a great economist? Someone who works uses a framework to describe what's unfolding in the real world? Or someone who constructs visions and fictions that are palatable to the powerful and ease anxiety?
 
The Not The Treasury View Blog votes for the former. They say it's not just enough to get it right - you need to provide a framework that explains why you got it right. What is your view?
Read more
Posted by The Institute for... at 2:13 am

Deleveraging Redfined - Part 2: Martin Wolf on the Least-Bad Alternative

"You can’t get out of debt by adding more debt.”

This is the myth that Martin Wolf takes aim at in his third blog post on deleveraging, one of the most significant economic issues of our time. Read more

Posted by The Institute for... at 2:49 pm

Katharina Pistor: Whose Banking Sector Is It Anyway? - An Infographic

The financial crisis has led to a resurgence of nationalist agendas in financial governance – nowhere more so than in the most integrated multinational financial system, the euro zone.

In the fall of 2008, individual member states intervened to protect “their” financial system from a meltdown. In the protracted euro zone crisis that has evolved since, they have succumbed to the blame game: representatives from financially stronger countries are pointing fingers at bad banks and weak regulators on the other side of otherwise-dismantled national borders. Read more

Posted by The Institute for... at 2:29 am

Deleveraging Redefined: Martin Wolf Explains “That Sinking Feeling”

How to explain the current recession facing the US and the world? Does so-called “austerian” logic provide the solution? Or is it doing more harm than good?

Martin Wolf has answered these questions in a series of blog posts on the Financial Times website over the last few weeks that explore one of the defining economic issues of our time: deleveraging. Read more

Posted by The Institute for... at 1:37 pm