Archive
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News
CNN: Tax cut scoreboard: Workers $6 billion; Shareholders $171 billion
Feb 16, 2018
INET grantee William Lazonick explains how the Trump tax cut is resulting in buybacks on Wall Street and bonuses for CEOs
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Article
Even in France, Money Rules Politics
Feb 15, 2018
France, like many Western European countries, has strong campaign finance laws and a vibrant multiparty system. Yet even there, money has had a corrosive effect on democracy, as private donations have an outsized impact on electoral outcomes.
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Working Paper
Working Paper SeriesThe Price of a Vote: Evidence from France, 1993-2014
Feb 2018
Money in politics is not a strictly American phenomenon. In France, despite strong campaign finance laws, campaign donations have a direct influence on legislative and municipal election results.
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News
Le Monde: L’impact des dons sur les résultats électoraux est un sujet central En savoir plus sur
Feb 15, 2018
Julia Cagé explains the impact of money on French elections
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Article
Financial Markets Have Taken Over the Economy. To Prevent Another Crisis, They Must Be Brought to Heel.
Feb 13, 2018
Banks have long had undue influence in society. But with the rapid expansion of a financial sector that transforms all debts and assets into tradable commodities, we are faced with something far worse: financial markets with an only abstract, inflated, and destabilizing relationship with the real economy. To prevent another crisis, finance must be domesticated and turned into a useful servant of society.
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Article
When Demand Shapes Supply
Feb 11, 2018
Contrary to the neoclassical model’s assumptions, shifts in aggregate demand have persistent effects on GDP
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Working Paper
Working Paper SeriesPersistent Effects of Autonomous Demand Expansions
Feb 2018
The prevailing wisdom that aggregate demand ‘shocks’ determine short-run cyclical fluctuations around a supply-determined equilibrium growth rate and an associated equilibrium unemployment rate (or NAIRU) has been called into question by various streams of literature in the last decades. Specifically, a recently revived literature on hysteresis finds significant persistence in the effects of recessions and negative aggregate demand shocks (Blanchard et al. 2015; Martin et al. 2015).
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Article
Should You Buy Bitcoin?
Feb 8, 2018
Over the next year, the Bitcoin price could double, soar tenfold, or collapse by 95% or more, and no economic analysis can help predict where in that range it will lie. Like other cryptocurrencies, Bitcoin serves no useful economic purpose, though in macroeconomic terms, such currencies probably also do little harm.
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Video
Sadie Alexander: An Economist Ahead of Her Time
Feb 7, 2018
Nina Banks assesses the legacy of the first African-American economist in the United States
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News
Washington Post: Don’t Let Pay Increases Coming Out of Tax Reform Fool You
Feb 6, 2018
In their op-ed in the Washington Post, INET grantee William Lazonick and Rick Wartzman show how companies are spending their tax savings on investors, not workers.
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Collection
Global Commission
Learn more about the Commission on Global Economic Transformation
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Article
The Path to an African Economic Boom
Feb 2, 2018
The African Development Bank has laid out a plan for economic prosperity in the continent. But to get there, African countries must first confront jobless growth and underfunded infrastructure projects.
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Video
Why Cities Are Key to Escaping Poverty
Jan 31, 2018
There’s no turning back from humanity’s move to high-density living, says Ed Glaeser. The task of the century will be making cities more liveable.
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Article
Why Big Firms No Longer Pay (Much) More
Jan 28, 2018
The corporate titans of yore once offered a sizable wage premium over smaller employers—but not anymore. What happened?
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Working Paper
Working Paper SeriesInequality in the 21st century
Jan 2018
A critical analysis of Piketty’s work