Archive

Economics is often thought of as emotion-less, but Daniel Benjamin argues for happiness as a vital indicator

Economist James K. Boyce explains how to fight climate change and rising income inequality in one shot

Artificial intelligence promises to make our lives easier. But is the cost losing some of our humanity?

The central goal of any serious climate policy is to keep fossil fuels in the ground. The central question is how.

Economist Marie Mora discusses the deep economic crisis that has afflicted Puerto Rico for years

The Chicago School has long used bankrupt assumptions to strangle antitrust policy

The Chicago School has long used bankrupt assumptions to strangle antitrust policy.

Political risk—and what firms do about it

We adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual US firms: the share of their quarterly earnings conference calls that they devote to political risks.

When the stock market grows faster than the housing market, the gains of the top 1% outpace those of the middle class

It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

Andrea Gabor, author of “After the Education Wars,” discusses how California is pushing back on millionaire-driven charter schools. Will the rest of the America follow?

The idea that businesses are run to maximize profits for shareholders is just plain wrong, says William Lazonick

With journalism moving from a stable to a precarious profession, digital media workers have become some of the most organized in the startup world

Frequent civil conflicts in African countries may erode national identity, thus highlighting a reason why civil conflict is costly for growth and development

Richard Vague and Rob Johnson discuss the role of excessive lending in causing financial crises throughout history

Frequent civil conflicts in African countries may erode national identity, thus highlighting a reason why civil conflict is costly for growth and development

The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy.

As the maladies of modern capitalism have multiplied, fundamental questions about the future of the world’s dominant economic model have become impossible to ignore. But in the absence of viable alternatives, the question is how to reform a system that is increasingly at odds with democracy.

By promoting unrealisitc models, economists have become part of problem rather than the solution

There is not one opioid crisis in America—there are many. And supply-focused measures won’t stop them.

INET grantee William Lazonick is profiled in The New Yorker

Shaped by the 2008 financial crisis, a new generation of economists is expanding the boundaries of economic thinking on credit cycles, private debt, and financial stability.

Steven Pressman says in the next few years, we could see rising interest rates bring about a recession

Matthew Baron challenges conventional myths about booms and busts

Ben Power, who adapted the play “The Lehman Trilogy,” talks about the eponymous family’s role in the creation and destruction of American wealth

How free electricity could fight climate change and inequality

Veteran writer and public speaker Lynn Parramore gives you three keys to sharing your research with an audience. Quell the fear, banish the boredom, and light the fire!

Returns on wealth exceed growth for more countries, more years, and more dramatically than Piketty has found

The state has long used law to back private money—with dire consequences, then and now

For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.

A report of the Commission on Global Economic Transformation’s subcommittee on Macroeconomics & Finance

A collection of our research on populism, globalization and nationalism

This year the YSI participation at the Trento Festival of Economics will be different. There will be no panels with talks that are too long, actually, there will be no talks at all… Welcome to The Trento Experiment!

Treating education like a market is all the rage. But it hurts students, and our society.

Artificial intelligence doesn’t have to be a job killer—if we use it right

One of America’s leading socialists discusses how a collectively owned economy would be structured, the limits of the welfare state, and what Keynes understood that Marx didn’t

Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why

Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why

The implications of rising inequality are massive. Economists need to tackle it together.

INET Global Commission to collaborate with Pope Francis and Scholas Occurrentes on bringing the voices of young people into the economics profession

When workers are classified as independent contractors instead of employees, they fall into a hole not covered by many labor protections

The Chicago School’s weakening of antitrust law hurt the economy

This paper presents an historical analysis of the antitrust laws.

Lance Taylor, Emeritus Professor of Economics at The New School for Social Research, delivers the annual Heilbroner Memorial Lecture on the Future of Capitalism.

Modern Monetary Theory is problematic. Launching large scale fiscal programs that rely on it would be skating on thin ice.

Dalmia brings his expertise in business, finance and economic trends in South Asia to INET

In commemoration of the 200th episode of INET’s New Economic Thinking video series, we’re highlighting 11 new economic thinkers who embody the INET spirit: creative thinking, passion for social justice, and fearlessness in breaking the status quo. If you like what you see, make sure to check out our YouTube channel for more!

“Facebook is undermining our country, our democracy.”

A report of the Commission on Global Economic Transformation’s subcommittee on Inequality, Technology, and the Future of Work

Low interest rate policy can only do so much to bring the relief to American borrowers that they deserve: past monetary policies, credit market regulations and stagnant labor productivity growth all get in the way. Interest rate policy activism is part of the problem, not the solution.

The Huffington Post features INET research on stock buybacks

Boing Boing covers Dina Srinivasan’s research on Facebook, privacy, and monopoly power

Facebook engaged in an elaborate bait and switch on user data: Privacy disappeared when competition did. Laws governing competition could change that.

Dani Rodrik says that when ideas become conventional wisdom, we are blind to their limitations

Excellence and Conformity in Economics: how to set the incentives straight

Group discussed pressing issues in the eurozone and the need for new economic thinking

Italy’s austerity-fueled crisis is a warning to the Eurozone

Globalization’s elite winners get lower taxes while its losers pay more

Why Italy’s woes are a warning to the whole Eurozone

China is the staging ground for an economic experiment: Can innovation succeed when it’s directed by an authoritarian stat

Despite the moral assurance and personal flattery that meritocracy offers to the successful, it ought to be abandoned both as a belief about how the world works and as a general social ideal.

At a G20 preparatory meeting in Berlin, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees

Stigmatizing and relegating an activity to the shadows doesn’t improve anyone’s welfare

Kristen Ghodsee discusses her research on how love and relationships function under socialism and capitalism, and what economists miss about the rise of right-wing populism in Eastern Europe

The Times of India features INET’s event, “Rebuilding Kerala Economy: Time for a Paradigm Shift?”

The Hindu features INET’s event, “Rebuilding Kerala Economy: Time for a Paradigm Shift?”

“Founding father” of virtual reality explores the ways digital platforms change economic relationships Computer scientist Jaron Lanier explains the uneasy relationship between an analog world and a corporate digital infrastructure.

INET talks to Jayati Ghosh and Marina Della Giusta

Part of INET and the Centre for Public Policy Research (CPPR) roundtable series, “Vikàsàrth: Development and the Economy.”

During her long career she illuminated many of the shortcomings of neoclassicism, and offered alternative paths

Modern monetary theorists ignore how their policies could hurt developing countries

As automation takes on more routine tasks, work will become more about creativity, ethics, and empathy

Richard Vague looks at what it’ll take for the U.S. to win the R&D race

The most popular political philosopher of his generation on liberal responsibility worldwide for the rise of the hard right

As technology and deregulation continue to shape the labor market, maintaining strong worker protections is as important as ever

Economists should stop pretending to be scientists and go back to the core of the discipline—as a field of inquiry and way of thinking

The latest meeting of INET’s Commission on Global Economic Transformation addressed the flaws in existing macroeconomic and financial models—and explored solutions to foster shared prosperity

As young scholars, we have formulated a new plan for fostering diversity in both identity and scholarly thinking in economics—preconditions for academic rigor.

INET talks to Alicia Bárcena Ibarra, Claudia Goldin, and Maria Cristina Marcuzzo

US counties with prison labor often have lower wage and employment growth

Prisoners employed in manufacturing constitute 4.2% of total U.S. manufacturing employment in 2005; they produce cheap goods, creating labor demand shock.

The Nobel laureate economist discusses how an activist government is needed to tackle problems like climate change

The heterodox scholar was a fierce critic of neoclassical economics. But she also insisted that economics be driven by science, not ideology.

INET’s President introduces a new research program that challenges orthodox assumptions about the limits of economic knowledge