Articles
Articles and analyses from the INET community on the key economic questions of our time.
How Do Investors Approach the Stock Market in a Wild Election Cycle?
Neither the Rational Expectations Hypothesis nor behavioral finance approaches alone provides an adequate predictor of investor behavior, argues Roman Frydman
The History of Economic Thought website is reborn
I am pleased to announce that the History of Economic Thought Website is back. I am thankful for the assistance of the Institute for New Economic Thinking (INET), which has supported its revival and made it possible.
Is Wall Street Doing its Job?
What we’re reading: A weekly scan of published items relevant to the Institute’s work
A Global Marshall Plan for Joblessness?
The corrosive social and economic effects of what have now become ‘normal’ unemployment levels require new solutions, and tradewithout full employment exacerbates the problem
Helicopter Money on a Leash?
Any use of money-financed fiscal expansion as a policy tool will require rules to ensure discipline and avoid excess
When Economists Attack
How Gerald Friedman’s assessment of Bernie Sanders economic proposals prompted a rare public political spat among economists.
The Road not Taken
Axel Leijonhufvud showed economists a promising path forward. They should have taken it. Leijonhufvud passed away on May 5, 2022
In EU budget debates, ‘technocratic’ veil hides political choices
As the European Union Commission readies itself for a new round of budgetary recommendations, INET senior economist Orsola Costantini warns that that the debate over how those harsh fiscal constraints are to be determined is based on a formula that masks political choices as technocratic imperatives.
Three Questions with John Eric Humphries
John Eric Humphries is a member of the Inequality: Measurement, Interpretation, and Policy (MIP) network and a National Science Foundation Graduate Research Fellow in the Department of Economics at the University of Chicago. He is the co-author of the book, The Myth of Achievement Tests, The GED and the Role of Character in American Life, along with James J. Heckman and Tim Kautz. Humphries is also a 2013 alum of the Summer School on Socieconomic Inequality.
Liquidity Trap & Excessive Leverage
How excessive debt hurts the economy and why to curb it.