December 2012

US Economy on Cliff's Edge: INET's Rob Johnson on the Fiscal Cliff

INET's Executive Director Rob Johnson appeared on CNBC today to talk about the fiscal cliff. He called the proceedings in Washington "appalling" and pointed to the real problems the U.S. has in private health care costs. Click below to watch what he had to say.

US Economy on Cliff's Edge - CNBC

2012: A Year in Review

It has been an exciting year for new economic thinking.

Both the Institute for New Economic Thinking (INET) and its community of thinkers expanded greatly in 2012. In addition, INET researchers have continued their innovative work and are finding larger platforms and eager audiences for it. Read more

The Future of Economics: Bruce Caldwell on History and the Dismal Science

Your average economics textbook presents the neat image of a discipline with many useful conceptual paradigms for viewing the world. But it almost never gives any sense of how these ideas developed.

And as it turns out, the actual history of economics, like that of every science, is much messier.

That was Bruce Caldwell’s message in his recent address to the Southern Economics Association in November. (Click below to download a PDF of the speech as prepared for address). Read more

Waste, waste, waste

Originally posted on Triple Crisis Read more

FT Names INET Co-founder Janeway's Book One of the Best of 2012

As the year comes to a close, the Financial Times released its annual list of the Best Books of the year. And right at the top was INET co-founder William H. Janeway's new book Doing Capitalism in the Innovation Economy, which the FT named one of the the best economics books of 2012.  Read more

Saving Economics from the Economists

Saving Economics from the Economists

by Ronald Coase

"Economics as currently presented in textbooks and taught in the classroom does not have much to do with business management, and still less with entrepreneurship. The degree to which economics is isolated from the ordinary business of life is extraordinary and unfortunate. Read more