Articles
Articles and analyses from the INET community on the key economic questions of our time.
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.
Heterodoxy and The Economist
Fixed exchange rates
First the ECB, then the IMF, Part One
The fact of the matter is that European bank funding markets are collapsing onto the ECB balance sheet.
We Are Greg Mankiw… or Not?
Liquidity, Public and Private
These dangerous postmodern relativists, Part I: Merchants of doubt
A recent e-mail conversation I had with Harro Maas concerning one of my latest drafts (shameless self-promotion) made me buy and read Naomi Oreskes and Erik Conway’s, Merchants of Doubts.
Roger Backhouse and Bradley Bateman: How can history stimulate new economic thinking?
The following text was sent to us by Roger Backhouse and Bradley Bateman, we reproduce it in its entirety.
Imagining a New Intro Economics
Economics in Uncertain Times
What's in a name?
Euro Summit Statement Explained
NGDP target, in practice
Last week Goldman Sachs published a note in favor of the Fed’s adopting a formal nominal GDP target, while Fed-watchers caught a whiff of a possible change in policy in the works.
Nobel Prize Tasseology
Till is right. It’s not the historian’s task to question the legitimacy of the decisions of the Nobel Committee.
Making Markets
The Price is wrong
First Liquidity, then Solvency
Bretton Woods, Past and Present: 4. The Teaching of Economics
This one is different. Tiago, Benjamin and Floris have asked a dozen economists in the Bretton Woods hotel hall to reflect on the way their teaching has been affected by the current economic crisis and their answers, taken collectively, are quite puzzling.