Articles
Articles and analyses from the INET community on the key economic questions of our time.
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
Coding Private Money
The state has long used law to back private money—with dire consequences, then and now
Modern Monetary Inevitabilities
For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.
Macroeconomic Stimulus à la MMT
How to Ruin a Country in Three Decades
Italy’s austerity-fueled crisis is a warning to the Eurozone
A Belief in Meritocracy Is Not Only False: It’s Bad for You
Despite the moral assurance and personal flattery that meritocracy offers to the successful, it ought to be abandoned both as a belief about how the world works and as a general social ideal.
Why Economists Failed as “Experts”—and How to Make Them Matter Again
Economists should stop pretending to be scientists and go back to the core of the discipline—as a field of inquiry and way of thinking
Diversity and Excellence: Not A Zero Sum Game
As young scholars, we have formulated a new plan for fostering diversity in both identity and scholarly thinking in economics—preconditions for academic rigor.
Don't “Buyback” Fair Labor Standards
We need to ban stock buybacks, while building a movement for basic economic rights
Opioid Crisis Shows How Economic Inequality Kills
Pharmaceutical pushers like Purdue “couldn’t have done their dirty work” without America’s increasingly unbalanced economy
Toxic Philanthropy? The Spirit of Giving While Taking
America’s new “philanthrocapitalists” are enabling social problems rather than solving them