Articles
Articles and analyses from the INET community on the key economic questions of our time.
Bankers Will Be Let Off the Hook If We Don't Start to Take Ourselves Seriously
How can we contain institutional failure?
The Financial World Five Years after Lehman Brothers
What have we learned about the American political economy from the crisis and its aftermath?
Economic Analysis Isn’t Objective – It’s As Personal As It Gets
What happens when professionals lose touch with the people they’re supposed to serve?
Why is economic sense so often morally appalling?
what is economically correct must always be balanced with what is morally right.
What Was the Real Cost of the Great Recession?
We are coming up to the fifth anniversary of the Lehman crash in September 2008. How bad was it? Have we fixed the problems?
When Is the Time for Austerity?
Game Theory: Too Much and Too Little?
In introducing game theory (in chapters 7-9), MWG build upon the theory of rational choice by individual agents, developed previously in the book to attempt to analyze (describe, explain, and even predict?) the interactions of such agents as well as the outcomes to which they give rise. In previous chapters, MWG discuss interactions only in the form of the arms-length interactions of numerous firms and consumers in specific markets (e.g. under ‘perfect competition’, in chapters 3 and 5).
Helicopter money as a policy option
‘Helicopter money’ may in some circumstances be the only certain way to stimulate nominal demand
Dancing in the Dark: Creating an Economics for the 21st Century
In the wake of the 2008 financial crisis, many of our policy makers and top economists are still stumbling in the dark.
History of applied economics: now what?
There is a “tendency to neglect applied economics in writing the history of economic thought,” Roger Backhouse and Jeff Biddle remarked in 2000. They then followed the “applied” trail back into the XIXth and early XXth centuries, at a time the scope and nature of economics were debatted by continental and especially British political economists