Articles
Articles and analyses from the INET community on the key economic questions of our time.
The Macroeconomic Roots of the Collapse of the Political Center in the US
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.
A Preface to Alessandro Roncaglia’s Essay on Adam Smith
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.
From Potential Output to Full Employment: A Paradigm Shift for Italian Fiscal Policy
Europe’s new fiscal rules still bind policy to fragile estimates of potential output. For Italy, targeting lower unemployment could sustain stronger growth, improve deficit outcomes, and expose the self-defeating logic of austerity when debt is measured against a stagnating economy.