Articles
Articles and analyses from the INET community on the key economic questions of our time.
Article
After Over Three Decades, Rebel Economist Breaks Through to Washington. Here’s How He Did It.
The idea that businesses are run to maximize profits for shareholders is just plain wrong, says William Lazonick
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Coding Private Money
The state has long used law to back private money—with dire consequences, then and now
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Modern Monetary Inevitabilities
For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.