Articles
Articles and analyses from the INET community on the key economic questions of our time.
The Fairness of Markets
A student of microeconomics learns that any desirable efficient market allocation can be sustained by a competitive equilibrium (the Second Theorem of Welfare Economics), given appropriate lump-sum wealth redistributions. This is typically understood as a means to correct unfair market outcomes. What are the real world implications of the second theorem? How well does it address distributional concerns?
Travelling Knowledge and Tools
Joseph Stiglitz: “Deep-seatedly wrong” economic thinking is killing Greece
The latest austerity deal is terrible for Greece and Europe.
Is it Just a Greek Problem?
In the last couple of months, Greece has once again become the center of attention of politicians, academics, and the general public. The debate has, for a large part, focused on Greece’s fiscal deficit as if it were just a self-inflicted Greek problem. But is it?