October 2012

A Conversation on the Economy: Stiglitz and Krugman on the Financial Crisis and the Future of Economics

What do you get when you put two of the most well known and most widely cited economists in the world, both Nobel laureates, on stage together? A healthy dose of economic reality.

That’s what happened Tuesday night at the Fashion Institute of Technology’s Haft Auditorium in New York City at an INET-sponsored event featuring Paul Krugman and Joseph Stiglitz in a “Conversation on the State of the Economy,” moderated by INET Executive Director Rob Johnson. Read more

Krugman and Stiglitz: Crazy Austerity Policies Inflict Untold Damage on Economy

Two Nobel laureates, an election, and a shaky economy. The message? We can do a whole lot better.
October 24, 2012  |  
By Lynn Stuart Parramore

D'Maris Coffman – The Corn Laws: Seeing through the Eyes of Ricardo and Malthus

The British Corn Returns data provided the empirical basis for the fierce debate around the introduction and repeal of the 19th century British Corn Laws. Contemporary readers, like David Ricardo and Thomas Malthus, followed them as closely as stock market prices of today.  Much of 19th century political economy rested on contemporaries' interpretations of this data. Read more

Andy Haldane asks: What have the economists ever done for us?

What makes a good model?

This question is at the heart of Andy Haldane’s recent article for VoxEU titled “What have the economists ever done for us?” (posted below). Read more

Are the dollar’s days as a reserve currency numbered?

Barry Eichengreen says yes. In his op-ed yesterday for the Financial Times, Eichengreen writes that a lack of US growth may lead to a fall in the dollar's popularity, and the result could be a global liquidity shortage.

He warns that, “It may seem a strange time to worry about a shortage of global liquidity. But precisely this risk looms and, if nothing is done, it will threaten 21st-century globalisation.” Read more

Ross McKitrick – Breaking the Climate Change Stalemate

Climate change policy is caught in a stalemate between those who fear the environmental consequences of not doing enough and those who fear the economic consequences of overreacting. But controversy over the extent and sources of climate change need not stand in the way of a positive economic policy response. Read more