Anatole Kaletsky

Chairman of the Governing Board

Institute for New Economic Thinking

Anatole Kaletsky writes for The Times Comment pages on Thursdays. One of the country's leading commentators on economics, he was formerly Economics Editor and is now Editor-at-large of The Times. He has won many awards for his financial and political journalism. Before joining The Times, he worked for 12 years on the Financial Times

My Additional Content

Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis

In early 2009, many economists, financiers, and media pundits were confidently predicting the end of the American-led capitalism that has shaped history and economics for the past 100 years. Yet the U.S. economic model, far from being discredited, may be strengthened by the financial crisis.

UK Phillips Curve Slides

Several slides that accompanied a presentation by Anatole Kaletsky given at Conference @ King's, April 8th-11th, 2010.

My Video Content

Changing of the Guard?: Opening Remarks at INET Hong Kong

Opening remarks at the Institute for New Economic Thinking's "Changing of the Guard?" conference in Hong Kong on April 4, 2013, by INET Executive Director Rob Johnson, Fung Global Institute Founding Chairman Victor K. Fung, CIGI President Rohinton Medhora, and INET Governing Board Chair Anatole Kaletsky.

Institute for New Economic Thinking (INET) Announces Major Fund-Raising Initiatives

announcement

Bretton Woods, Past and Present: 3. Models in Economics

What is a good model in economics? “The Kids” asked a dozen economists in the halls of the Mount Washington Hotel in Bretton Woods, and we invite you to watch what they said.

Good models are those that pass the test of time, says Philippe Aghion. Brad DeLong presents what has come to be called Friedman’s “F-Twist”: assumptions don’t matter – a good model is one that predicts well. Wrong, says Anatole Kaletsky, economists ought to model the whole range of human behavior, and doing so requires re-examining the very assumptions on which our models rest. And to George Akerlof, a good model applies to the specific question asked; it corresponds to the problem at hand.

About The Kids:

Bretton Woods, Past and Present: 2. Progress in Economics

When is one theory better than the other? What is progress in economics? "The Kids" asked a dozen economists in the halls of the Mount Washington Hotel in Bretton Woods, and we invite you to watch what they said.

In 2008, the world avoided making the policy mistakes of the Great Depression. That's progress, says George Akerlof. Anatole Kaletsky tells us what progress is not: to introduce, in the name of rigor, ever more unrealistic assumptions in economics, however mathematically convenient these may be. And James Galbraith compares progress to pornography: it's hard to define, but you recognize it if you ever see it.