Archive
-
Working Paper
Grantee paperOld Lady Charm: Explaining the Persistent Appeal of Chicago Antitrust
Apr 2012
The paper deals with the mysterious persistence of the Chicago approach as the main analytical engine driving antitrust enforcement in the US.
-
Article
Banks as creators of money
Apr 30, 2012
In conversation recently, I was called upon to defend the claim that banks are in the business of creating and destroying private money.
-
News
A Berlin Consensus?
Apr 29, 2012
The Washington Consensus is dead.
-
Article
The Clash of Economic Ideas: A Review
Apr 25, 2012
When Paul Krugman paints John Maynard Keynes as a pioneering critic of dominant free-market economics, he exaggerates wildly, both about the rigidity of orthodoxy and about the pioneering character of Keynes’ critique.
-
News
INET Responds to L.A. Times Op-Ed Comments
Apr 25, 2012
New economic thinking is no passing fad. The movement for new economic thinking is here to stay - with broad-based, worldwide support from undergraduate and graduate students as well as both young and established professors and Nobel laureates.
-
News
Young People Tire of Old Economic Models
Apr 23, 2012
how economics students have begun to push back against the stale ideas that were proven wrong during the recent financial crisis.
-
Article
Relativist versus absolutist history of economics
Apr 22, 2012
I don’t seem to be able to fully grasp Mark Blaug’s distinction between a relativist and an absolutist approach to the history of economics – first introduced in Economic Theory in Retrospect (1962) – and that is a source of much frustration.
-
News
Huffington Post Features INET Financial Stability Documentary, With Introduction by Rob Johnson
Apr 22, 2012
The Huffington Post spotlights the INET financial instability video, produced by Four Corners Media, accompanied by an extensive written introduction fromINET Executive Director Robert Johnson.
-
Article
Life Among the Econ: Talking history with Axel Leijonhufvud
Apr 18, 2012
Like many economists, I have enjoyed Axel Leijonhufvud’s “Life among the Econ” and nodded appreciatively when he described the social classifications of the Econ as “Grads, Adults and Elders” and chuckled when the young grad tries to impress the elders of the ‘dept’ through adept ‘modl’ building; so when the man himself was holding a glass of champagne and chatting with me at the INET conference, I had to ask how he got that paper started.
-
Article
Opening Models of Asset Prices and Risk to Non-Routine Change
Apr 17, 2012
Paper revised for the Institute’s Plenary Conference in Berlin
-
Article
Mehrling on Soros
Apr 16, 2012
The text below is the comment I offered on Mr. Soros’ opening speech at INET’s Berlin Conference April 12, 2012. The text of Mr. Soros’ own speech is here. Video of the entire session is below—my bit starts at 55:00.
-
Article
Feelings Offstage
Apr 15, 2012
INET Berlin 2012 - back home again. On stage, it’s been a huge amount of claims, assertions, and arguments about what went wrong, about what exactly happened, about why this time was different, about what will certainly happen, and about what remains deeply uncertain, about what “we” shall do about it, about what “we” could do better.
-
Video
Financial Instability Mini-Documentary
Apr 14, 2012
Financial stability, or the lack thereof.
-
Article
@INET Berlin: Paradigm Regained
Apr 14, 2012
The title of the conference, “Paradigm Lost,” is an obvious combination of two references.
-
Working Paper
Conference paperRevitalizing the Eurozone without Fiscal Union
Apr 2012
The ongoing eurozone crisis has prompted many to argue that monetary union withoutfiscal union was bound to fail.