Articles
Articles and analyses from the INET community on the key economic questions of our time.
Three questions to Ivan Moscati: Historicizing Choice Theory
Ivan Moscati is one of the most exciting voices in the historiography of decision theory.
Let me tell you everything
Banks as creators of money
Relativist versus absolutist history of economics
I don’t seem to be able to fully grasp Mark Blaug’s distinction between a relativist and an absolutist approach to the history of economics – first introduced in Economic Theory in Retrospect (1962) – and that is a source of much frustration.
Life Among the Econ: Talking history with Axel Leijonhufvud
Like many economists, I have enjoyed Axel Leijonhufvud’s “Life among the Econ” and nodded appreciatively when he described the social classifications of the Econ as “Grads, Adults and Elders” and chuckled when the young grad tries to impress the elders of the ‘dept’ through adept ‘modl’ building; so when the man himself was holding a glass of champagne and chatting with me at the INET conference, I had to ask how he got that paper started.
@INET Berlin: The Great Divide
Behind all the technical language and the common theme of bashing bankers, there remains the Great Divide between Germans and the rest.
Kids Behind the Wall
On my way back home from the Brandenburger Tor, I recalled that I already have been there, it must have been in 1988.
@INET Berlin: Decisions
World Without Money Reconsidered
Renminbi Swap Lines
Eurocrisis Redux
Entangling alliances or entangling leagues are nothing to the entanglements of cash owing
—Keynes
The Dynamics of the Chicago / MIT Dispute (in the Archives)
In his notorious “How Did Economists Get It So Wrong” NYT article in 2009, Paul Krugman relied on the freshwater/saltwater distinction to explain that the economists’ inability to predict and solve the current economics crisis was due to the fact that MIT/Harvard economics lost their long dispute against their Chicagoan counterparts.
Fed, ECB balance sheet update
Professor Ponzi, or thinking about the methodology, the sociology and the economics of economics
Bank or no bank?
Why did the ECB LTROs help?
Delicate balance
The current account still matters, but other things do too, and maybe more. In light of recent focus on gross flows, here and elsewhere, I want to argue for the language of the balance of payments.
Marion Fourcade and historians of economics: a quiet revolution?
In recent years, an increasingly significant part of the history of economics has modeled itself after the methodologies developed by Science and Technology Studies (STS) scholars.