Blogs

Is Italy's New Government Just More of the Same?

A showdown has taken place within Italy’s governing coalition.

Events are still unfolding, but the center-left Democratic leadership has given an explicit thumbs-down to the current government, and former Prime Minister Enrico Letta has resigned.   Matteo Renzi, the leader of Italy’s Democrats, says that he hopes to have his new government ready this weekend after nearly two days of talks with all of Italy’s political parties, and expects to form a coalition largely based on the same left-right alliance that previously supported Letta. Read more

Thomas Scheiding: A history of scholarly communication in economics

We invited Thomas Scheiding from Cardinal Stritch University to review what we know about the scholarly communication process in economics. Tom has written forcefully on the history and economics of economic literature (see for instance, his 2009 JEM article). His latest is a study of the scholarly communication process in physics (an article in Studies).

Adair Turner: Escaping The Addiction to Private Debt Is Essential for Long-Term Economic Stability

Inflation targeting insufficient: central banks and governments must manage the quantity and mix of credit created

FRANKFURT, 10 February 2014 — Financial reforms introduced since the crisis have been valuable but still have not addressed the fundamental driver of economic and financial instability – continually rising levels of private debt, Adair Lord Turner, former chairman of the United Kingdom Financial Services Authority, said Monday in a speech at Goethe University. Lord Turner is a Senior Fellow at the Center for Financial Studies (CFS) at the university and at the Institute for New Economic Thinking, an economics research and education foundation based in New York. Read more

NYT Cites the Institute’s Fazzari, Cynamon on U.S. Middle Class Erosion

For the second time in a week, a national U.S. newspaper is featuring important recent work by two researchers from the Institute for New Economic Thinking, Barry Cynamon and Steven Fazzari. Read more

Macroeconomics in Perspective

Washington Post Features Work By Institute Researchers Fazzari, Cynamon

The Washington Post has spotlighted important recent work by two researchers from the Institute for New Economic Thinking, Barry Cynamon and Steven Fazzari.

The Post story focuses on a Jan. 23 paper by Cynamon and Fazzari showing that economic inequality is harmful to overall growth and is a significant reason for the tepid recovery from the latest recession.

The paper by Cynamon and Fazzari can be found here Read more

Roiling India Politics Risks Economic Reforms

India’s economic leaders are determined to rein in skyrocketing inflation, but the country’s volatile political landscape may prevent reforms from taking hold.

This week, a committee formed by Reserve Bank of India Governor Raghuram Rajan recommended that the central bank prioritize lowering consumer prices. Read more

Soros, Academics Debate Reflexivity in Journal Issue

The Journal of Economic Methodology, the leading peer-reviewed journal on the philosophical foundations and methodological practice of economics, has published a special issue devoted to the theory of reflexivity developed by CEU Founder and Honorary Chairman George Soros. Read more

Global Undergraduate Students: Win A Trip To New York City

AS SEEN ON THE COLBERT REPORT:

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