Archive
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Article
Jim Chanos: “Cryptocurrency is a security speculation game masquerading as a technological breakthrough”
Jun 4, 2018
The “dean of short sellers” says bitcoin is the last thing he’d want to own in the event of a catastrophe.
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News
Quartz: Rob Johnson on George Soros's Plan for Europe
Jun 4, 2018
Quartz features INET President Rob Johnson on INET Co-Founder George Soros’s plan to save the EU
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YSI Event
YSI Europe Convening
YSI
Regional ConveningMay 31–Jun 3, 2018
As in previous years, young scholars will come together in Trento during the annual Festival dell’Economia. This gathering will serve as the YSI Europe Convening for 2018. Attendees will have the opportunity to share their work with YSI members from across Europe, while also partaking in the Festival dell’Economia.
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Article
Meet the Hidden Architect Behind America's Racist Economics
May 30, 2018
Nobel laureate James Buchanan is the intellectual linchpin of the Koch-funded attack on democratic institutions, argues Duke historian Nancy MacLean
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Video
What Role Should Economists Play in Climate Policy?
May 30, 2018
Economist James K. Boyce argues that the distribution of carbon tax revenue is just as important as the price itself
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Working Paper
PresentationCitation Counts: Consequences on the Development of Economics
May 2018
A presentation from the panel “Research Evaluation in Economic Theory and Policy Making” at the 2018 G20 Global Solutions Summit in Berlin
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Working Paper
Conference paperPerformance-Based Incentives, Research Evaluation Systems and the Trickle-Down of Bad Science
May 2018
Alberto Baccini’s presentation for INET’s panel on research evaluation at the G20 Global Solutions Summit in Berlin, May 2018.
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Article
INET Memo to G20: The Trouble with Economic Research Evaluation
May 28, 2018
In a memo for the G20, INET calls for changes to the evaluation of economic research to ensure that economic theory—and policy—is more rigorous, innovative, and in service to society.
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Article
Breaking the Stranglehold of the Orthodoxy in Economics
May 28, 2018
Introducing INET’s body of work on dysfunctions in research evaluation, Rob Johnson shows how breaking academic conformity is vital for the economics profession—and the economy itself.
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Collection
The Crisis of Conformity in Economics
Academia—and economics in particular—has increasingly placed emphasis on measures of research “quality” that do more to narrow intellectual exploration than they do to produce good scholarship. With a mandate of reforming the economics profession, INET has produced a series of research on the issues of evaluation and citations, academic conformity, and exactly what makes “good” economics.
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Video
How Government Drives Innovation
May 25, 2018
Bill Janeway explains why “efficiency is the enemy of innovation,” and how venture capitalists and the state advance technological change
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Video
What Money Can't Buy
May 23, 2018
What Money Can’t Buy is a six part series exploring the role of money and morals in today’s world.
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Working Paper
Working Paper SeriesThe Focus of Academic Economics: Before and After the Crisis
May 2018
Has the global financial crisis of 2007 had a visible impact on the economics profession?
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News
The New Statesman: Michael Sandel on Populism and Democracy
May 21, 2018
Michael Sandel takes What Money Can’t Buy’s themes of markets and morals and applies them to an analysis of the rise of populism in the West.
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Article
Argentina’s Unseen Fragility
May 18, 2018
With growth fueled by an increase in debt, Argentina is facing an uncertain economic future, despite investors’ generally rosy view. The government of Mauricio Macri has options to address the country’s macroeconomic risks, but none of them will be free of tough choices.
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Article
To Reform Capitalism, Look to Marx
May 16, 2018
200 years after Marx’s birth, many elites have taken unabashed pride in capitalism, a term that originally had negative connotations. To make our economy more just, we must reclaim Marx’s understanding of capitalism’s contradictions.
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Working Paper
Conference paperCapitalism in the age of robots: work, income and wealth in the 21st-century
May 2018
Adair Turner, Chair of the Institute for New Economic Thinking, Lecture at School of Advanced International Studies, Johns Hopkins University, Washington DC April 10th 2018
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News
In These Times: A Public Option in the Pharma Industry
May 11, 2018
In These Times cites INET research in calling for putting drug companies under public control.
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Article
The Forgotten Vision of Market Socialism
May 10, 2018
200 years after Marx’s birth, a look at how two economists sought to reconcile his idea of common ownership with market mechanisms
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YSI Event
11. The history of African Economic Thought from Ptah-Hotep to Achille Mbembe
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Article
Why We Need a Global Public Economics
May 7, 2018
Global public goods, from health to peace to security, crisscross national and social boundaries. We need a new economic theory to understand their pivotal role in the global economy.
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Article
How Bill Cosby, Obama and Mega-preachers Sold Economic Snake Oil to Black America
May 2, 2018
It’s time to connect political violence with economic violence.
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YSI Working Group News
CALL FOR ABSTRACTS: YSI webinar series on 'What Money Can't Buy' with Michael Sandel
YSI
May 1, 2018
To mark the release of INET’s “What Money Can’t Buy” with professor Michael Sandel, the YSI Philosophy of Economics Working Group and and Finance, Law and Economics Working Group invite young scholars working on issues related to the core issues in Michael Sandel’s lectures to present their work in a series of webinars. Professor Sandel will join the webinars to answer questions about the topics raised in his book, the video lectures and to give comment on the presentations.
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Article
The Real Driver of Rising Inequality
May 1, 2018
Wage suppression—not monopoly power—is fueling corporate profits and the growing gap between rich and poor
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Working Paper
Working Paper SeriesWhere Do Profits and Jobs Come From? Employment and Distribution in the US Economy
May 2018
“Meso” level analysis of 16 producing sectors sheds light on broad forces shaping growth of employment and profits.
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News
Intellectual Property Watch: Patents Without Examination
Apr 30, 2018
INET Senior Economist Arjun Jayadev and Dean Baker explore the patent system of Brazil, and its implications for developing countries.
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News
Bloomberg: Why Innovation Tends to Bypass Mainstream Economics
Apr 30, 2018
The discipline is divorced from real-world relevance and has lost credibility, writes INET Global Commissioner Mohamed A. El-Erian
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News
Times Now News: America has been afflicted by an ideology that doesn’t work, says Joseph Stiglitz
Apr 30, 2018
Nobel laureate Joseph Stiglitz, in an exclusive interview with timesnownews.com, talks about what is wrong with current American capitalism, rise of a new kind of politics emerging from dissent towards government and more. Here are some excerpts from the interview.
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Research Program News
Chicago Booth Review: Globalization is close to its ‘holy cow’ moment
Apr 30, 2018
Richard Baldwin writes on why we must rethink our outdated ideas about international trade.
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Article
How to Grow the Economy While Reducing Inequality
Apr 27, 2018
For the BRICS countries to not just grow their economies but also raise the standard of living of their people, inclusive growth that prioritizes poverty reduction is a must
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News
Richard Eskow Interviews Lynn Parramore
Apr 24, 2018
“The Zero Hour with RJ Eskow” talks to Lynn Parramore about her INET piece on public education.
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Webinars and Events
What Money Can't Buy Live
DiscussionApr 23, 2018
To celebrate the release of our new series “What Money Can’t Buy” join Harvard University Professor Michael Sandel and INET for a live conversation exploring the role of money and morals in today’s world.
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Article
BRICS to Play a Leading Role in Driving Future Global Economic Growth
Apr 20, 2018
But the five countries must still support greater investment in other emerging and developing economies
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Webinars and Events
Kerner Commission Public Forum Race and Inequality in Trump’s America
ConferenceApr 20, 2018
Nobel laureate Joseph Stiglitz, Mayor of Newark Ras Baraka, CEO of the Campaign for Black Male Achievement Shawn Dove, Pulitzer-prize winning author Heather Ann Thompson and more discuss race and inequality in Trump’s America Friday, April 20th 5-7pm.
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Working Paper
CommentaryAnalysing Wealth Inequality: A Conceptual Reflection
Apr 2018
As early as 1900, German sociologist Georg Simmel identified a central feature of wealth in his seminal work The Philosophy of Money. Simmel writes about the superadditum of wealth for the rich, namely that a great fortune is encircled by innumerable possibilities of use, as though by an astral body.
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YSI Event
1. African Economies in Transition
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YSI Event
3. Revisiting and Confronting the Challenges of African Development
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YSI Event
4. Rethinking Cooperatives and the African Agenda
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YSI Event
5. The Current Challenges of a Complex Reality
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YSI Event
2. New Approaches to African Economic History
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YSI Event
6. A Critical Engagement with Financial Stability in Africa
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YSI Event
10. Perspectives on the Challenges for Sustainable Development in Africa
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YSI Event
9. Rethinking Political Economy: the State & Pluralist Economics Teaching
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YSI Event
7. The Gender Division of Labour; Diversity and Change
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YSI Event
8. Inequality in Africa
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Article
Why Americans’ Hatred of Taxes Is Fake News
Apr 13, 2018
Newspapers consistently underplay wide public support for higher taxes on businesses and the wealthy
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Working Paper
Working paperA Distorting Mirror: Major Media Coverage of Americans’ Tax Policy Preferences
Apr 2018
Over the last four decades, Americans have consistently told pollsters that they favor higher taxes on business and the wealthy, even as tax policy has moved sharply in the other direction.
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Collection
The Growing BRICS Economies
A series on the changing economic dynamics of the BRICS countries—Brazil, Russia, India, China, and South Africa.
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Article
The Growing BRICS Economies: An INET Series
Apr 12, 2018
The BRICS countries—Brazil, Russia, India, China, and South Africa—play a crucial and growing role in the world economy. Sanjay Reddy kicks off our series exploring shifting social and economic dynamics within these countries, and what they mean for the global economy.
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Video
Michael Sandel on INET's What Money Can't Buy Video Series
Apr 12, 2018
Ahead of the series launch, Harvard’s Michael Sandel discusses the moral limits of markets with Rob Johnson
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YSI Event
Finance in the 21st Century
YSI workshop @ Rethinking Finance Oslo
YSI
WorkshopApr 12–14, 2018
The INET YSI Financial Stability working group (WG) is organising a workshop as part of the Rethinking Finance Conference in Oslo at the Norwegian Business School BI on April 14th, 2018.
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Video
How Unregulated Finance is Killing Democracy
Apr 11, 2018
The twin threats of right-wing populism and unencumbered financial capitalism pose a crisis for democracy across the world, argues Robert Kuttner in his new book, Can Democracy Survive Global Capitalism?
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Article
The Corporate Plan to Groom U.S. Kids for Servitude by Wiping Out Public Schools
Apr 6, 2018
Training first-world children for a third-world life
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Article
Samuel Bowles Remembers Martin Luther King
Apr 5, 2018
The economist reflects back on the racial justice leader who showed him the limits of his academic training.
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Article
The Hidden Network That Propelled Civil Rights in America
Apr 5, 2018
Martin Luther King, Jr. and other civil rights leaders relied on black entrepreneurs to make their work possible
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Video
Are We Destined for a Slow Growth Future?
Apr 5, 2018
Steve Fazzari argues that stimulating demand is the key to jump-starting stagnant economies
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Article
Learning from MLK, the Inconvenient Hero
Apr 4, 2018
The vision of Dr. Martin Luther King Jr. 50 years later, and the relevance of his economic ideas today
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Collection
MLK’s Economic Legacy
Fifty years after the assassination of Rev. Dr. Martin Luther King Jr., INET looks back at his forgotten economic legacy. In the final years of his life, these provocative positions made King controversial, and they remain as urgent now as they were then.
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Article
The Forgotten Economic Vision of Martin Luther King
Apr 4, 2018
In the last years of his life, King was boldly forging a radical, multi-racial movement for economic justice
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Video
The Cross and the Lynching Tree (James Hal Cone and Bill Moyers)
Apr 4, 2018
Bill discusses symbolism of the cross and lynching tree with theologian James Cone.
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Video
RIP Vincent G. Harding, Historian Who Co-Wrote MLK’s “Beyond Vietnam” Speech
Apr 4, 2018
Cross posted from Thursday, February 28, 2008’s broadcast of Democracy Now!
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YSI Event
Economic History
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YSI Event
Sustainability
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YSI Event
Finance, Law, and Economics
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YSI Event
Urban and Regional Economics
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YSI Event
Keynesian and Financial Stability
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YSI Event
Inequality, Urban and Regional Economics, Financial Stability
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YSI Event
Financial Stability
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YSI Event
Latin America
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YSI Event
Complexity Economics
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YSI Event
Inequality
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YSI Event
Gender and Economics
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YSI Event
Keynesian Economics
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YSI Event
History of Economic Thought
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YSI Event
States and Markets
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YSI Event
Economics of Innovation
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Video
The Debt We Don't Talk About
Mar 28, 2018
Mainstream economists have ignored private debt to our peril
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News
CNN: Democrats Plan Crackdown on Booming Stock Buybacks
Mar 21, 2018
INET grantee William Lazonick explains why Sen. Tammy Baldwin is proposing to ban stock buybacks.
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Video
This Is INET
Mar 21, 2018
Economics can be creative, it can be rigorous, it can be relevant.
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Article
Noam Chomsky on the Populist Groundswell, U.S. Elections, the Future of Humanity, and More
Mar 20, 2018
The renowned linguist, cognitive scientist, and historian on where we stand as an economy, as a country, and as human beings
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Article
Luigi Pasinetti on Disrupting Neoclassical Hegemony in Economics
Mar 20, 2018
The renowned economist reflects on the rise of neoclassical economics, the post-2008 surge of interest in non-mainstream, heterodox thought, and how young economists can remain independent in the face of biased evaluation systems
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YSI Event
Cooperatives and the Future of Employment
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YSI Event
Complex Systems and Economic Complexity
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YSI Event
Reconciling Financial Stability and Economic Inclusion Across Space
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YSI Event
The Economic Possibilities of Technology
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YSI Event
The Concept of the State in Economic Theory
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YSI Event
Disruptive Technologies, Inequalities, and Law
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Conference Session
Call for Papers
Mar 19 - 24, 2018 |
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Article
How Well Does Financial Regulation Work?
Mar 15, 2018
What 200 Years of Government Interventions in Financial Markets Can Tell Us
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Video
The Male-centric Biases of Economic Models
Mar 15, 2018
The assumptions economists make in their models have implications not only for policymaking and choosing what data we collect, but also for the very definition of work, says Professor Maria Floro of American University.
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Article
Visions Beyond the Haunted House
Mar 14, 2018
Reflections on the Radical Vision of Martin Luther King Jr.’s Last Major Speech
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Article
Is There Another Bear in the Woods? How Not to Celebrate a 10th Anniversary
Mar 14, 2018
As the U.S. Congress works to undo financial regulation, INET reflects on the lessons of the Bear Stearns bailout
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Article
Britney and the Bear: Who Says You Can’t Get Good Help Anymore?
Mar 14, 2018
From the Archives: In the wake of the Bear Stearns bailout in 2008, INET Research Director Tom Ferguson and President Rob Johnson say taxpayers rescuing banks are owed their due: “If the public is going to pay for [bailouts]… it should also get paid back for them.”
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Collection
The Bear Stearns Bailout, Ten Years Later
Ten years ago, the investment bank Bear Stearns collapsed. Its controversial rescue by the Federal Reserve and JP Morgan Chase marked a prelude to the global financial crisis, which would begin in earnest in September 2008. As part of INET’s look back at the financial crisis, we offer this series of reflections on the Bear Stearns bailout, the financialization of debt, and the moral hazard of government bailouts of banks.
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Article
Waiting for the Chinese Bear Stearns
Mar 13, 2018
Unregulated, speculative lending markets nearly brought down the global financial system 10 years ago. Now, Western banks are exporting this failed model to the developing world.
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Article
Rewarding Bad Behavior: The Bear Stearns Bailout
Mar 12, 2018
Ten years ago when Bear Stearns crashed, the Fed decided to bail out first, ask questions later. It was a mistake that set a bad precedent.
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Article
Ten Years after Bear Stearns, U.S. Financial Stability Is again in Danger
Mar 12, 2018
Banks are pushing for deregulation and roll backs of Dodd-Frank’s regular check-ups on their financial health. We should be worried.
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Video
The Government as an Entrepreneur
Mar 7, 2018
Mariana Mazzucato argues that the idea that entrepreneurship is confined to the private sector is wrong.
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Article
How Cuba Became a Biopharma Juggernaut
Mar 5, 2018
Cuba’s entirely state-owned biopharmaceutical industry has been remarkably successful, and can serve as a model for other nations
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News
CNN: Are Stock Buybacks Deepening America's Inequality?
Mar 5, 2018
One of Wall Street’s favorite tools could be deepening the growing chasm between America’s rich and poor, according to INET grantee William Lazonick.