Articles
Articles and analyses from the INET community on the key economic questions of our time.
What Idea Shapes Our World More Than Adam Smith’s Economics?
Animal rights, child welfare, social equality are all a direct legacy of the “cult of feeling”
Economic Models That Are Costing Us All
When an economic model fails, it is reality—and the people living in it—who pay the bills while the model lives on, unscathed.
Protectionism Will Not Protect Jobs Anywhere
The same angst that Americans and Europeans have about the future of jobs is an order of magnitude higher in Asia.
We’ll Always Need Paris
The Many Transgressions of Deirdre McCloskey
McCloskey discusses her career, critiques of economics, and offers advice for young economists.
Mass Incarceration’s Dangerous New Equilibrium
A new model probes why the US leads the world in jailing and imprisoning people, and what it will take to reverse course
How the U.S. New Economy Business Model has devalued science & engineering PhDs
This note comments on Eric Weinstein’s, “How and Why Government, Universities, and Industries Create Domestic Labor Shortages of Scientists and High-Tech Workers,” posted recently on INET’s website.
Political Conflict and Economic Pluralism in Brazil
The reaction to repressive political conditions that prevailed in Brazil during the 1970s helped to produce a commitment to diversity and tolerance among Brazilian economists.
Which Productivity Puzzle?
A Public Comment on the SEC Pay Ratio Disclosure Rule
In this comment, we explain our objections to the SEC’s current formulation of the Pay Ratio Disclosure Rule on each of three grounds: the erroneous estimation of CEO pay; the unclear specification of the “median” worker; and the risk of normalizing a pay ratio that is far too high. Then we present the latest data on the remuneration of the 500 highest-paid CEOs in the United States, demonstrating the way in which the SEC’s measure of CEO pay that enters into the CEO-to-median-worker pay ratio tends to systematically underestimate actual executive pay.
How & Why Government, Universities, & Industry Create Domestic Labor Shortages of Scientists & High-Tech Workers
Long term labor shortages do not happen naturally in market economies.
Debating Household Debt
Experts on Trial: Introduction
China's Wage Growth: How Fast Is the Gain and What Does It Mean?
New findings show that hourly wage-rates in China are higher than in middle-income countries and are approaching the levels of Greece and Portugal