Articles
Articles and analyses from the INET community on the key economic questions of our time.
Kari Polanyi Levitt
Some Personal Reflections on a Half Century of Friendship and Appreciation
Free Market or Socialism: Have Economists Really Anything to Say?
On the Modern Economic Theory of Incentives, Markets, and Socialism
Repo Madness: Fed Plumbing Gone Awry
Repeat after me: How much pipe should Fed plumbers lay if Fed plumbers like to lay pipe?
The Decline of the US Labor Share Across Sectors
The U.S. economy is increasingly becoming a dual economy, where high productivity sectors—such as manufacturing—and high pay sectors—such as finance and professional services—co-exist with low pay and low productivity sectors that employ most workers.
Not So Modern Monetary Theory
Secular Stagnation: The Limits of Conventional Wisdom
Summers and Stansbury mark a dramatic shift from New Keynesian orthodoxy, but only make it halfway to understanding the demand-driven nature of stagnant growth
Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy
Mott walks us through answers many careful readers of Kalecki, Keynes, Steindl, and Minsky knew all along.
Summers and the Road to Damascus
The Sacrificial Rites of Capitalism We Don’t Talk About
Author Supritha Rajan argues that self-interested competition may be the official line, but it’s far from the whole story
Developing Asia Needs a New Economic Paradigm
Inadequate demand and climate change require a global green new deal
After Over Three Decades, Rebel Economist Breaks Through to Washington. Here’s How He Did It.
The idea that businesses are run to maximize profits for shareholders is just plain wrong, says William Lazonick