Innovation

The Institute for New Economic Thinking takes a broad view of economic research and supports it in many ways: through its main grant program, through working groups it organizes, and via conferences, panels, and other smaller gatherings of scholars across the globe.

Institute scholars normally publish their work in journals and books. While many – but far from all – of this work appears in working papers sponsored by the Institute and other leading research forums, the Institute also attempts to make its research results accessible to a wider public on its website. Below is a sampling of interviews featuring Institute scholars explaining the significance of their research in non-technical terms.

Yvo Desmedt: Much Ado About Cyber Security

Private data is leaked more and more in our society. Wikileaks, Facebook, and identity theft are just three examples. Network defenses are constantly under attack from cyber criminals, organized hacktivists, and even disgruntled ex-employees. Read more

From Innovation to Financial Market Failure: An Anatomy of 18th Century Mortgage-Backed Securities

Project Leader: 

This project studies securitization in the 18th century. In this era, mortgage-backed securities were a financial innovation, which created a bubble both in financial and real estate markets. This study aims to explore this innovation in order to understand the effects of securitization on financial and real markets.

 

Game Theory: Too Much and Too Little?

In introducing game theory (in chapters 7-9), MWG build upon the theory of rational choice by individual agents, developed previously in the book to attempt to analyze (describe, explain, and even predict?) the interactions of such agents as well as the outcomes to which they give rise.   In previous chapters, MWG discuss interactions only in the form of the arms-length interactions of numerous firms and consumers in specific markets (e.g. under  ‘perfect competition’, in chapters 3 and 5). Read more

Women Need Support As They Join the Global Workforce

It’s no secret that women across the globe are working harder than ever today. But according to United States diplomats, global economic institutions aren’t working hard enough to help them navigate their way through an increasingly challenging world. Read more

Matheus Grasselli: How Advanced Mathematics Can Support New Economic Thinking

Welcome to our new video series called “New Economic Thinking.” The series will feature dozens of conversations with leading economists on the most important issues facing economics and the global economy today. Read more

Adam Posen: What Japan and the UK Demonstrate about Macroeconomic Stimulus

Welcome to our new video series called “New Economic Thinking.” The series will feature dozens of conversations with leading economists on the most important issues facing economics and the global economy today. Read more

Centralized Planning in the United States

Discussions of centralized planning in the West often take it for granted that the Soviet Union and similar social systems are the only ones with centralized planning. This is a basic (albeit ideological) confusion that results from the belief that markets and centralized planning are incompatible. This is not the case. Read more

What is Development? - Nobel laureates panel at INET Hong Kong

Panel titled "What is Development?" at the Institute for New Economic Thinking's "Changing of the Guard?" conference in Hong Kong. Featured panelists include Nobel laureates and INET Advisory Board members James J. Heckman and Sir James Alexander Mirrlees, and Nobel Laureate, INET Advisory Board Member, and Academic Council Chairman of the Fung Global Institute A. Michael Spence, with CIGI President Rohinton Medhora moderating.