Articles
Articles and analyses from the INET community on the key economic questions of our time.
Understanding the Great Recession
Some fundamental Keynesian and Post-Keynesian insights, with an analysis of possible mechanisms to achieve a sustained recovery.
Politics & Economics Don't Mix
Confusion Is No Response to Economic Orthodoxy
Servaas Storm has conviction, yet his analysis throws the baby out with the bathwater.
What is Missing in Flassbeck & Lapavitsas
More on substance, coherence, and relevance in the Eurozone debate.
Let Them Drink Pollution?
Friendly Fire
German Wage Moderation and the Eurozone Crisis: A Critical Analysis
It is high time to look more closely at the labor cost competitiveness myth.
Start-Up Governments, or Can Bureaucracies Innovate?
For most economists and indeed for social scientists in general such a question induces shudders as already asking this seems wrong – aren’t governments more prone to failures than markets, and aren’t governments supposed to provide basic and stable institutions for markets to function?
Renminbi to the Rescue?
Replication and Transparency in Economic Research
In 2003, McCullough and Vinod wrote, “Research that cannot be replicated is not science, and cannot be trusted either as part of the profession’s accumulated body of knowledge or as a basis for policy.”(1)
RMB in SDR, Now What?
“Governments propose, markets dispose,” as Charles Kindleberger liked to say.
Printing Money
Theory vs data, computerization, old wine and new bottles
In 1953, Oskar Morgenstern proposed to reform the eligibility criterion for fellows of the Econometric Society, in an attempt to foster empirical work.
What the Steve Jobs Movie Won’t Tell You About Apple’s Success
Public funding behind the technology is the secret ingredient.
The Teaching of Economics
$1.90 Per Day: What Does it Say?
The Efficiency of Markets
A student of microeconomics learns that any competitive equilibrium leads to a Pareto efficient outcome (First Fundamental Theorem of Welfare Economics). What do we mean by the efficiency or inefficiency of markets?