Articles
Articles and analyses from the INET community on the key economic questions of our time.
The ECB Can Save the Euro – But It Has To Change Its Business Model
How must the European institutional structure be modified to fortify the euro zone?
Economists Coming of Age
The less you know, the better?
The Visible Hand Writing History
How to lie with statistics: An economist's guide
How representation of data can contribute to, or dispel the false certainty of statistical and econometric technique.
Economics and computation in the postwar period: managing scarcity
“We choose this stochastic structure for computational reasons. This reduces the dimension of the variables. With (such and such) alternative, the computational burden would have dramatically increased.”
Between science and history
Three questions to Ivan Moscati: Historicizing Choice Theory
Ivan Moscati is one of the most exciting voices in the historiography of decision theory.
Let Us Praise Famous Men, or why we must praise them...
Steven Shapin is visiting the UK. For those unfamiliar with the history and sociology of science, he is one of the giants of the field.
Let me tell you everything
Banks as creators of money
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.
Opening Models of Asset Prices and Risk to Non-Routine Change
Paper revised for the Institute’s Plenary Conference in Berlin
@INET Berlin: The Great Divide
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
A suprisingly large number of talks refer to the issue of human decision making.
Renminbi Swap Lines
Eurocrisis Redux
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.