Articles

Articles and analyses from the INET community on the key economic questions of our time.

Article

General Equilibrium Theory: Sound and Fury, Signifying Nothing?

Aug 16, 2016

Does general equilibrium theory sufficiently enhance our understanding of the economic process to make the entire exercise worthwhile, if we consider that other forms of thinking may have been ‘crowded out’ as a result of its being the ‘dominant discourse’? What, in the end, have we really learned from it?

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Another Banking Crisis in Europe? This Time, Save Banks, Not Bankers

Jul 7, 2016

If Italy or the European Union have to step in to save banks, there’s no reason for them to have to do it for free

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Brexit, Trump and the challenge of populism

Jul 6, 2016

What we’re reading: As the shock of the UK referendum vote to leave the European Union continues to roil, a number of analysts see it as revealing dynamics of which all Western policymakers ought to be aware

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How the Brexit Tragedy Challenges Economics

Jun 26, 2016

It would be a tragic mistake to read anti-E.U. sentiment across Europe as simple bigotry — racism and xenophobia are being nurtured by the economic pain produced by prevailing economic policies

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Brexit's Impact on the World Economy

Jun 21, 2016

Why a British vote to leave the European Union would have consequences far larger than the UK’s proportional share of the global economy might suggest