INET Blog | Institute for New Economic Thinking (INET)

The Heart of the Euro Problem: A Response to INET's Rob Johnson

by Heiner Flassbeck on August 08, 2012 7 comments

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

by The Institute for... on August 07, 2012 2 comments

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

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

by The Institute for... on August 06, 2012

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

Sleepwalking with Heiner

by Robert Johnson on August 04, 2012 4 comments

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

Which Economists Are Worth Listening To?

by The Institute for... on August 03, 2012

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?

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

by The Institute for... on August 02, 2012

"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

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

by The Institute for... on August 02, 2012 1 comment

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

Deleveraging Redefined: Martin Wolf Explains “That Sinking Feeling”

by The Institute for... on August 01, 2012

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