Archive
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Article
The American Dual Economy: Race, Globalization and the Politics of Exclusion
Nov 30, 2015
The United States economy has come apart, with the rich getting richer and workers’ incomes not advancing at all.
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News
Adair Turner Oxford Book Launch
Nov 30, 2015
Lord Adair Turner visited the Oxford Martin Lecture Theatre on Tuesday 24 November for a well-attended INET Oxford event launching his latest book ‘Between Debt and the Devil: Money, Credit, and Fixing Global Finance’ (Princeton University Press).
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Working Paper
Working Paper SeriesLearning, Expectations, and the Financial Instability Hypothesis
Nov 2015
This paper analyzes what assumptions on formation of expectations are consistent with Minsky’s Financial Instability Hypothesis (FIH) and its corollaries.
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Article
Will Spain Reject Austerity?
Nov 20, 2015
Spain’s future path for economic policy will soon be decided.
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Video
Inclusive Growth: Making It Happen
Nov 20, 2015
Exploring inequality, gender, and the North-South divide.
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Article
Externalities and Public Goods: Theory OR Society?
Nov 19, 2015
How much does the standard theory of externalities and public goods really say?
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Working Paper
Working Paper SeriesThe American Dual Economy: Race, Globalization, and the Politics of Exclusion
Nov 2015
I describe the American economy in the twenty-first century as a dual economy in the spirit of W. Arthur Lewis.
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Working Paper
Working Paper SeriesThe Greek “Rescue”: Where Did the Money Go?
Nov 2015
This paper analyses the financial assistance provided to Greece in the first two rescue packages granted by the Troika (European Union, European Central Bank and IMF).
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Article
What Can We Really Know About the Future of Stock Prices?
Nov 17, 2015
A gap between theory and reality has haunted economists.
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Article
Printing Money
Nov 16, 2015
A radical solution to the current economic malaise.
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Video
The Global Haves And Have-Nots In The 21st Century
Nov 15, 2015
This is almost certainly the highest level of relative, and certainly absolute, global inequality at any point in human history. Is there anything we can do to reverse or mitigate this trend?
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Working Paper
Working Paper SeriesInequality, Debt Servicing, and the Sustainability of Steady State Growth
Nov 2015
We investigate the claim that the way in which debtor households service their debts matters for macroeconomic performance.
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Working Paper
Working Paper SeriesDebt Servicing, Aggregate Consumption, and Growth
Nov 2015
We develop a neo-Kaleckian growth model that emphasizes the importance of consumption behavior.
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Article
To Fix Inequality and Steady the Economy, Think Radically
Nov 12, 2015
Sometimes a radical path is the most practical way out of a mess.
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Article
The Wesley Clair Mitchell medal : the AEA award that never came to be
Nov 11, 2015
Throughout its first 10 years operation, the John Bates Clark medal was constantly challenged. Many young economists found it biased toward theory, and demanded the establishment of a distinct award for applied work.