Articles
Articles and analyses from the INET community on the key economic questions of our time.
Article
How Economists Turned Corporations into Predators
The Idea That Businesses Exist Solely to Enrich Shareholders Is Harmful Nonsense
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Is Productivity Growth Becoming Irrelevant?
As the Nobel laureate economist Robert Solow noted in 1987, computers are “everywhere but in the productivity statistics.” Since then, the so-called productivity paradox has become ever more striking. Automation has eliminated many jobs. Robots and artificial intelligence now seem to promise (or threaten) yet more radical change. Yet productivity growth has slowed across the advanced economies; in Britain, labor is no more productive today than it was in 2007.
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The Real Cause of the Italian Bank Bailouts and Euro Banking Troubles
How a Banking Union Has Created Deep Divisions that Undermine the Eurozone’s Stability