The Elephant in the Emergency Room: Why Federal Health Reform Fails Without Hospital Price Discipline

A sweeping Senate health reform blueprint takes aim at insurers, PBMs, and administrative abuses while leaving hospital prices largely untouched. Concentrated hospital systems remain a major source of rising costs, weakened bargaining power, and pressure on household budgets.

By David Introcaso and Adam Cunningham

Hospital price transparency has not delivered lower costs because buyers still lack meaningful alternatives. A new proposal would restore bargaining power by pairing independently set reference prices with a ban on restrictive hospital contracts that prevent health plans from steering patients elsewhere.

By David Introcaso and Adam Cunningham

Inflation is usually treated as a national problem, to be managed through domestic monetary and fiscal policy. But its striking synchronization across countries suggests another story, one where it is shaped by global production, capital mobility, currency hierarchies, and the international distribution of economic power.

By Carlo D'Ippoliti, Lucio Gobbi, and ​Daniele Tori

America helped pioneer the electric-vehicle revolution, yet today no major EV battery maker is based in the United States. Asia’s dominance reveals how sustained investment, organizational capabilities, and America’s embrace of shareholder value reshaped the global race for a critical technology.

By Matt Hopkins and William Lazonick

The collapse of America’s political center isn’t a mystery. What looks like a sudden political crisis is really the result of an economy that’s been quietly abandoning ordinary workers for decades.

By Thomas Ferguson, Servaas Storm, and Jie Chen

Senate Finance Committee Democrats have invited outside evidence and proposals for their next health-care agenda. Their critique of insurers has force, but the remedies leave most of the system untouched, risking further disappointment unless reform reaches hospitals and entire conglomerates.

By Phillip Alvelda and Thomas Ferguson

As America marks 250 years of independence, Adam Smith is again being pressed into service as a founding myth. A deeper reading of The Wealth of Nations reveals a far richer thinker than today’s easy invocations of markets and liberty suggest.

By Alessandro Roncaglia

Dec 08, 2025

Webinars and Events

LEPC VII: Growth Strategy in the States

LEPC VII will bring together leading thinkers, practitioners, and policymakers to analyze the drivers behind this sub national success, and to chart actionable pathways for the future. Each session outlined explores a foundational dimension of India’s growth story, with attention to both policy diagnosis and on-the-ground innovation.

Dec 02, 2025

Webinars and Events

International Conference on Digitalisation, Market and Society ​

International Conference on Digitalisation, Market and Society is a cross-disciplinary plenary on how digital transformation is altering work, gender norms, and social institutions—and how society can respond inclusively.

Jul 24, 2025

Webinars and Events

Monsoon School on Inequality 2025

The focus of this year’s monsoon school is on pluralistic approaches to research on inequality, bringing together perspectives from varied streams of economic thought. It will provide an interactive platform for advanced-level PhD students, postdoctoral researchers, and scholars affiliated with Indian research institutes to engage with diverse concepts, debates, and methodologies related to inequality.

Jul 14, 2025

Webinars and Events

The Political Economy of Ecological Change and Economic Security in the Global South

The urgency of the climate crisis cannot be overstated, particularly given its disproportionate impact on vulnerable communities in the Global South.

May 31, 2025

Webinars and Events

The End of Globalization? With Paul Krugman

Four months of the Trump presidency have already changed the world as we knew it. How did we get here? What consequences have the tariffs had and will have? How will U.S.-European trade relations evolve? What about the confrontation with China?

Apr 10, 2025

Webinars and Events

Trump, Tariffs, and the World Crisis

with THOMAS FERGUSON, RESEARCH DIRECTOR, INET

YSI projects are collaboratively organized by members of the community to explore topics in new economic thinking. Projects may be held virtually (discussions, webinars, reading groups) or in person (workshops, pre-conferences). Learn more about YSI here

To view projects further into the future, visit the YSI website.