Articles
Articles and analyses from the INET community on the key economic questions of our time.
Institute Grantee Appointed Central Bank Governor
The Institute extends its congratulations to Philip Lane, who has been named to succeed Patrick Honohan as the Irish central bank chief, and inherit his role on the council of the ECB.
$1.90 Per Day: What Does it Say?
The Efficiency of Markets
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?
Jim Chanos on China: The Emperor is In His Underwear
The best-known China bear says the emperor is not yet naked, but getting there.