Articles
Articles and analyses from the INET community on the key economic questions of our time.
Why Wages Are Stagnating in Latin America
William Lazonick has shown how the doctrine of “shareholder value” has hurt wages in the United States. But in Latin America, where family corporations dominate, the story is more complicated.
A Better Bailout Was Possible
Under Trump, the Next Financial Catastrophe is Cooking
Ten years after Lehman Brothers’ collapse, the Wall Street casino is running amok
Macroeconomics Predicted the Wrong Crisis
Distracted by the perceived threat of a Chinese savings glut, mainstream macroeconomists missed the writing on the wall of the 2008 crisis
Social Stability and Resource Allocation within Business Groups
In China, the government uses the purses strings of state-owned enterprises to control social unrest
The Zero-Sum Economy
The anthropologist David Graeber has argued that as much as 30% of all work is performed in “bullshit jobs,” which are unnecessary to produce truly valuable goods and services but arise from competition for income and status. But the deeper problem is that more and more economic activity performs a merely distributive function.
The Rise of Hedge Fund Activism
Austerity Caused Brexit
Boycott the Journal Rankings
Ending the Wild West of Sovereign Debt Restructuring
Clear rules and sound principles for debt restructuring would level the playing field between developing countries and creditors
Reproducibility Crisis Reaches All Randomised Controlled Trials
The social and medical sciences depend on randomised control trials – though they face more assumptions and biases than commonly thought.
The Roots of Argentina’s Surprise Crisis
A change in macroeconomic policies will not be sufficient to set Argentina on a path of inclusive and sustained economic development. But, as last month’s currency scare showed, abandoning the approach adopted by President Mauricio Macri’s administration at the end of 2015 is a necessary step.
Who Says Labor Laws Are “Luxuries”?
The World Bank and IMF say developing economies can’t afford to have strong labor laws. Actually, they can’t afford not to.
Argentina’s Unseen Fragility
The Forgotten Vision of Market Socialism
200 years after Marx’s birth, a look at how two economists sought to reconcile his idea of common ownership with market mechanisms