Blogs

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

Admati and Haldane Named in Time’s "100 Most Influential People"

The Institute for New Economic Thinking would like to congratulate community members Anat Admati and Andy Haldane as being named two of Time magazine’s “100 Most Influential People.” It’s a well-earned distinction for both. Read more

Piketty and thinking about economics

There is a new economics rock-star touring the US by all accounts, and his name is Thomas Piketty. More precisely, the star of the show is Picketty's Capital in the Twenty-First century which is a 700-page volume on wealth distribution in 30 countries over decades and centuries of data. Read more

Leading Economists To Gather In Toronto April 10-12, 2014

A Three-Day Conference Exploring the Impact of Innovation on Society

Larry Summers, Joseph Stigltiz, Andy Haldane, Adair Lord Turner, Michael Sandel

And Many More to Speak

Presented by: Read more

Charles Babbage and the History of Innovative Thinking

The forthcoming Institute for New Economic Thinking conference will focus on innovation and its impact on economics and society. When we think about innovation we tend to imagine the future. But as with so many subjects in economics, it’s also useful to examine the past.

The concept of innovation is generally associated with the Austrian-American economist Joseph Aloïs Schumpeter. At the micro level, Schumpeter’s work shed a brighter light on the relationship between innovation and market structure. At the macro level, he clarified the relationship between technological change and business cycles. Read more