Blogs

Lifetime Achievement Award for Prof. Sir David Hendry

One of the world's leading economists, INET Oxford's Prof. Sir David Hendry received a unique award from the Economic and Social Research Council (ESRC)

At a ceremony June 6th he was given the Celebrating Impact Lifetime Achievement Award. Sir David is Professor of Economics at the University of Oxford and Director of the Programme in Economic Modelling in the Institute for New Economic Thinking at the Oxford Martin School (INET Oxford).

Piketty Responds in Detail to FT Criticism

Thomas Piketty has written a detailed response to the critique of his work by the Financial Times. His full response is available here and the first few paragraphs are below.

Full Disclosure: The Institute for New Economic Thinking has extensively supported the World Top Incomes Database on which Piketty’s book Capital in the 21st Century draws extensively. Read more

FREE Course on the Economics of Money and Banking

Missed last year's course? Interested in learning some new economic thinking? Want to spot the next financial crisis before it’s too late? Then sign up for this FREE online class on The Economics of Money and Banking! Read more

Lance Taylor: The Triumph of the Rentier? Thomas Piketty vs. Luigi Pasinetti and John Maynard Keynes

Thomas Piketty’s Capital in the Twenty-First Century has stimulated enormous interest. Among the most provocative parts of the book is his discussion of the economic factors making for the concentration of wealth in the long run. This is a topic of great popular interest, but it also involves some of the most subtle and controversial aspects of contemporary economic theory. Read more

We Can Blog it!

  The more reflexive mode brought by the financial crisis to macroeconomics made economists more outspoken about methodological, historical and sociological issues: how have we come to the DSGE dogma? What are its limitations? How can we produce alternative knowledge? Do publishing practices favor a "monolithic" thinking, and if so, how can we change it? What about the graduate training in economics? Read more

A Fight Over Inequality: The 5% Vs. The Rest

In late 2007, the United States started feeling the effects of the Great Recession. And over the ensuing two years the economic disaster spread across the globe.

Precisely when and if the recession ended remains open for debate. Recently, the National Bureau of Economic Research announced that the economic recovery began in June 2009. However, the resumption of growth has been surprisingly slow, to the point where few people can feel the recovery happening regardless of what the statistics say. Read more