Articles
Articles and analyses from the INET community on the key economic questions of our time.

James M. Buchanan, Segregation, and Virginia’s Massive Resistance
When segregationists fought against school integration, libertarian economist James Buchanan saw an opportunity for his private education plan

Janeway on Ramsey and Keynes: A Comment
Lance Taylor responds to William Janeway’s essay on John Maynard Keynes and Frank Ramsey. Janeway then offers his response.

Final Response to Andrew Smithers
Lance Taylor and Özlem Ömer respond to Andrew Smithers’s final comment on their working paper
How Bankers Hide Losses
The Master and the Prodigy

How NAFTA Lost Democrats the South
For thirty years after the Civil Rights Act, a sizable share of white Southerners still voted Democrat. That changed when the party embraced trade deals that hurt American workers.

It’s Time for a Debt “Jubilee”
Why freeing American households and businesses from crippling private debt would be a boon to the economy. Article reposted from DemocracyJournal.org.

Second Round: The Labor Share of Corporate Income
Andrew Smithers responds to Lance Taylor’s rebuttal.

Comment on Lance Taylor’s “’Savings Glut’ Fables and International Trade Theory: An Autopsy”
Financial commentator Andrew Smithers responds to Lance Taylor’s INET working paper. You may also read Taylor’s response to Smithers’s comment here.

Professor Njuguna Ndung’u: COVID-19 is a wake-up call to reform the healthcare system and make it inclusive for all
In this conversation with Folashadé Soulé and Camilla Toulmin, Pr Njuguna Ndung’u, a Kenyan economist, Director of the African Economic Research Consortium (AERC), a pan-African organization devoted to the advancement of economic policy research and training in sub-Saharan Africa, and former Governor of the Central Bank of Kenya (2007-2015) analyses how the pandemic creates more fragility in African economies, but also how reforms could be implemented during this crisis; and the urgent need for investment in strong health institutional capacities

The $5.3 Trillion Question Behind America’s COVID-19 Failure
That’s the amount of buybacks U.S. corporations funneled to shareholders during the past decade—rather than invest in technologies for the common good. This article is being published jointly by INET and The American Prospect

The COVID-19 Bailout and its Financing Dilemmas
The speed and duration of COVID-19 economic recovery will depend on how the government will finance emergency programs.