Articles
Articles and analyses from the INET community on the key economic questions of our time.
Kapital for the Twenty-First Century?
What is “capital”? To Karl Marx, it was a social, political, and legal category—the means of control of the means of production by the dominant class. Capital could be money, it could be machines; it could be fixed and it could be variable. But the essence of capital was neither physical nor financial. It was the power that capital gave to capitalists, namely the authority to make decisions and to extract surplus from the worker.
Thomas Scheiding: A history of scholarly communication in economics
We invited Thomas Scheiding from Cardinal Stritch University to review what we know about the scholarly communication process in economics. Tom has written forcefully on the history and economics of economic literature (see for instance, his 2009 JEM article). His latest is a study of the scholarly communication process in physics (an article in Studies).
Escaping The Addiction to Private Debt Is Essential for Long-Term Economic Stability
Inflation targeting insufficient: central banks and governments must manage the quantity and mix of credit created