Institute Grant Recipients Honored For Their Work

The Institute for New Economic Thinking is proud to congratulate three of its researchers – Mariana Mazzucato, Duncan Foley, and Lance Taylor – for their recent honors. Read more

Development and Underdevelopment in Postwar Europe

The question of underdevelopment and development policies in postwar Europe will be the theme of a workshop organized by Michele Alacevich, Sandrine Kott, and Mark Mazower, at Columbia University, the Heyman Center for the Humanities, Friday, October 10, 2014. The program is available here. Below are some of Alacevich’s insights on the issue leading up the event: Read more

Peter Victor: What’s the Difference Between Growth and Prosperity?

For the most part, economic policy makers continue to make the case that achieving growth should be the over-arching objective of the global economy. In this context, environmentalism often is seen as a cost, a trade-off that inhibits this primary objective.  Read more

New Research Shows Pollution Inequality in America is Even Worse Than Income Inequality

James K. Boyce, professor of economics at the University of Massachusetts, Amherst, directs the environment program of the Political Economy Research Institute, where his research focuses on the effects of inequalities of wealth and power and the dynamics of conflict. His work includes the Toxic 100 Air Polluters, an index identifying the top U.S. air polluters among the world's largest corporations. Read more

Fred Block: The Tenacity of Free Market Ideology

What is it about free market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past 40 years? In this interview with Institute President Rob Johnson, Fred Block discusses his book The Power of Market Fundamentalism, which extends the work of the great political economist Karl Polanyi to explain why these ideas have been revived from disrepute after the Great Depression and World War II to become the dominant economic ideology of our time. Read more

FT Features Institute’s CORE Economics Reform Project

The Financial Times turned a spotlight on the curriculum reform movement in economics on Tuesday, with a particular emphasis on the efforts of the Institute for New Economic Thinking.

The story focuses on the CORE project headed by Wendy Carlin at University College London. It also notes the high profile members of the economics community who support the push for a new economics curriculum, including Institute Advisory Board members Joseph Stiglitz and Andy Haldane. Read more

2014 Grant Round Announced

The Institute for New Economic Thinking aims to foster open discourse and to advance new thinking on economic issues and theory. The Institute’s notion of new economic thinking is deliberately open and non-dogmatic. Our hope is to support research that transforms our understanding of major economic problems and improves analysis of policy. Read more

Yes Or No, Scottish Independence Will Remain an Issue For U.K.

Today is the day. Today the world will learn the definitive answer as to whether Scotland will remain a part of the United Kingdom or launch the first step toward independence.

The most recent polls seem to indicate a narrow margin of victory for the No side, but it's too close to call, especially given the huge turnout and the size of the youth vote (16 is the voting age minimum for the referendum.) Read more