Archive

In a candid discussion with INET’s Lynn Parramore, Dr. Phillip Alvelda highlights the imminent dangers of long COVID, criticizing governments and health agencies for ongoing preventable suffering and deaths. *This is Part 2 of a two-part interview.

An ensemble of mechanisms enables cloud hegemons (Microsoft, Google, Amazon) to plan the whole AI knowledge and innovation network by weaponizing interdependence in networks.

Subcommittee hearing: When Health Care Becomes Wealth Care: How Corporate Greed Puts Patient Care and Health Workers at Risk

Stuck in a fog of misleading narratives, most of us don’t see the true extent of COVID’s persisting—and intensifying—threats. INET’s Lynn Parramore talks to Dr. Phillip Alvelda about the dangers we’re missing and the failures of public health agencies to inform and protect us. *This is Part 1 of a two-part interview.

“Failed at free enterprise? Well, try industrial policy, China style”

Who owns knowledge?

In the global super election year of 2024, populists are threatening to experience a new upswing almost everywhere – whether in the USA, the EU or in East Germany. What makes so many citizens so dissatisfied? What could help win people back and restore their trust in liberal democracy?

If we are to work toward a better future, we must look beyond the surface, and understand the multifaceted reality of China’s ascent in the global arena.

How have the macroeconomic problems in the US blinded many participants and observers to the actual state of the American economy as the election approaches?

The current paper returns to the key questions of wages and incomes and how wealth effects cripple reliance on interest rates to control inflation.

In a political system whose primary currency is not the vote but the dollar, McConnell’s role as leader has plainly been well-earned.

Ed Glaeser, a Harvard economist specializing in cities and infrastructure, emphasizes the importance of everyday infrastructure, such as road quality, in improving the daily lives of millions.

Experts are clear that working into old age often threatens the health and well-being of U.S. seniors.

The Gender Pay Gap: Micro Sources and Macro Consequences

What does the future hold for finance?

Economics can do better, and the change starts with you.

Wang Hui, author of The Rise of Modern Chinese Thought, now available in English, provides conceptual guidance for understanding China’s intellectual progress in a conversation with INET’s Lynn Parramore.

What happened to the excitement of creativity?

London Review of Books

The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science.

Overcoming Anti-Urban Bias to Reduce Inequality in the United States

Predetermined profit margins and prices hidden in the back end of a transaction are really just market failures.

Peter Coy, in an OpEd for the New York Times, cited Servaas Storm’s INET working paper criticizing Bernanke and Blanchard’s inflation explanation.

The development of COVID-19 vaccines within a year of the emergence of SARS-CoV-2 was an unprecedented triumph of scientific research that saved millions of lives. In contrast, the lack of global coordination to manage intellectual property, technology transfer, production, financing, and distribution of vaccines led to excess deaths and losses in economic output.

Transparency and ethics are critical.

The British Academy is the UK’s national academy for the humanities and social sciences. We mobilise these disciplines to understand the world and shape a brighter future.

The Academic-Industry Research Network—theAIRnet—is a 501(c)(3) not-for-profit research organization devoted to the proposition that a sound understanding of the role of business in the economy requires collaboration between academic scholars and industry experts.

SOAS is home to the leading research and expertise on the global issues of today.

Bernanke and Blanchard have made another failed attempt to salvage establishment macroeconomics after the massive onslaught of adverse inflationary circumstances with which it could evidently not contend.

How convincing is the model analysis by Bernanke and Blanchard? How empirically relevant are their mechanisms causing inflation – and how robust and plausible are their econometric findings?

Behind bogus promises of job creation and economic growth lies a dangerous agenda to shred social safety nets.

Your health shouldn’t be someone else’s wealth.

A Rolling Stone article by Andrew Perez cited Fred Ledley’s INET working paper on the NIH seed funding of pharmaceuticals.

Programs for expedited review may be preferentially reducing the development costs for conditions with lesser disease burden, potentially making investments in addressing the most significant disease burdens even less appealing and exacerbating the market failure further.

Do temporary economic shocks like the COVID-19 recession create lasting effects on the economy?

The discrepancy between technocratic rhetoric and economic facts is colossal.

Industry lobbyists vehemently oppose Medicare drug price negotiations. However, physician-scientist Fred Ledley and economist William Lazonick debunk their arguments.

How the dark side of consumer finance prioritizes profit over people.

The Uncertainty of Retirement in the New Economy

The “maximum fair price” for a drug must not only be equitable to those with unmet medical needs who may benefit from the use of the drug but also provide equitable returns on both public and private sector investments.

The empirical analysis of public sector investments and the health value created by the drugs selected for Medicare price negotiations provides a cost basis for the assessment of the maximum fair price.

James Galbraith flips the script on sanctions. How has Russia adapted?

Connecticut is the first state to fund and enact a baby bonds program, inspiring more states to create their own plans. Can it make a difference?

How can we better prepare for financial downturns?

Challenges And Emerging Perspectives

India: Climate Change, Technology, and Growth

The media coverage of the INET team’s February 2024 visit to India. Prof. Michael Spence, Chair of the Commission on Global Economic Transformation (CGET), along with INET Governing Board Chair Dr. Rohinton Medhora, and INET President Dr. Rob Johnson, took part in this visit.

Jo-Anne Rolle emphasizes the critical role of entrepreneurship and technology in revitalizing local economies and addressing societal issues.

Business Insider quotes and cites William Lazonick’s INET-funded research on Boeing’s stock buybacks. Cross-posted in MSN, Yahoo Finance, Business News, AOL, News Break, Star News, and Web Today.

The Economic Times quotes Rob Johnson’s presentation at the Global Business Summit in India. Cross posted in Pune Media and BM Business News

Times Now News features and quotes Rob Johnson’s presentation at the Global Business Summit in India.

It was a mistake to accept a ‘reference price’-determination process for basic commodities led by finance

A fair start for every child? Let’s make it reality.

This year’s New Hampshire primary testifies to the disintegration of the Republican Party

White House contenders ignore root causes threatening the program, potentially worsened by cuts. Is it due to reliance on wealthy donors?

“We need to figure out new ways to relate to the earth.”

The key issue is the regulation of the liquidity of all financial markets, and not just that of the banking system

It is not just all about banking system liquidity

The Indian Institute of Technology Bombay

Gokhale Institute of Politics and Economics

The Impact of Public Blockchains and Private Pools

Reinterpreting Bagehot’s mature work as the origin of the key currency tradition

Read in the context of his time, Bagehot’s book Lombard Street appears as an attempt above all to reveal the dynamic of globalization when global money was sterling.

An expert panel will discuss the latest research on the experiences of workers facing volatility of their time and income, how this volatility impacts their financial outcomes over time, ways current policies help or hinder workers cope with labor market volatility, and other possibilities for change.

Finance for the Rest of Us

When working within the same employment spell, female workers, particularly those of color and those working in low-wage service and care jobs, earn significantly less when facing greater volatility than their male counterparts or those working in non-service, non-care occupations.

Alessandro Roncaglia has mulled the topic of power over his long and distinguished career – a topic most economists avoid. His new book explores the historical dynamics of power and asks how we can change its distribution today.

Research on labor market experience does not explain the link between the volatility low-wage workers encounter and their earnings and it leaves open numerous pressing questions, such as what, if anything, can be done to reduce racial and ethnic differences in economic well-being.

Eric Laursen, author of The People’s Pension, explains to INET’s Lynn Parramore what’s at stake for Americans in a year of sneak attacks and misinformation.

Lenore Palladino explains how stock buybacks drive inequality, and why we desperately need a policy shift.

Germany’s debt brake and EU fiscal rules will make it well neigh impossible for EU countries to fund the investments needed to decarbonize their economies.

Bergman’s groundbreaking work in the field of feminist economics challenged conventional economic theories and emphasized the significance of power, patriarchy, and social provisioning.

Which households are more exposed to financial risk and to what extent is their debt systemically relevant?

Examining the crucial role of poverty and inequality in shaping household indebtedness.

The Center for Economic and Policy Research (CEPR) was established in 1999 to promote democratic debate on the most important economic and social issues that affect people’s lives. In order for citizens to effectively exercise their voices in a democracy, they should be informed about the problems and choices that they face. CEPR is committed to presenting issues in an accurate and understandable manner, so that the public is better prepared to choose among the various policy options.

Paying for America’s Post 9/11 Wars

In an exclusive interview, Benjamin Page discusses urgent reforms needed to tackle critical challenges, from undemocratic institutions to economic inequality.

Reindustrialization vs Financialization

In part 2 of our conversation with Professor Jessica Gordon Nembhard, she goes deeper into the power of cooperatives and their positive impacts on society and democracy.

“If we get our policy, politics, and institutions right, African economies and society could gain greater energy and food security, built on green competition and taking strong action on climate change.“ —Professor Chuks Okereke, Director of the Centre for Climate Change and Development at Alex Ekwueme Federal University

The White House cited Ledley’s INET working paper on the NIH’s seed funding of FDA approved pharmaceuticals in their fact sheet on new actions to lower health care and prescription drug costs.

Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public from financial chaos

New INET Governing Board Member Announcement

Why did so many Dutch voters vote for the far-right Geert Wilders?

Giulia Zacchia focuses on the dynamics of power and gender in the labor market, revealing how sexual harassment not only impacts individual women but also perpetuates broader societal inequalities.

What sort of effective democratic political system does the United States want and need?

Is self-interest the best way to organize society? If monetarism has taught us anything, the models aren’t at fault, it’s our application of them that’s flawed. Perhaps we just need to do a better job of letting markets guide us? Homo Economicus explains why greed is good.

In his new book, Let Them Eat Crypto, Peter Howson cautions that the technologies are not just fraudulent but causing indefensible harm to both humanity and the planet.

Branko Milanovic takes us on a historical journey through the evolution of economic inequality in his latest book. Milanovic connects these foundational ideas to contemporary issues, revealing the intricate tapestry of economic, social, and political forces that drive inequality today.

Lynn Parramore’s INET interview with Chanos is suggested reading in the FT, and has been cross-posted or summarized in the following media outlets: Naked Capitalism, MSN, Yahoo, Business Insider, AOL, Markets Insider, Latest Finance, Trade for Profit, Tech Telegraph, Best Stocks, Motor Mouth, Trading View India, Trading View, Benzinga, Hataf News, Forex TV, Business News and WN.

The famed short-seller talks Sam Bankman-Fried, why Wall Street is still so keen on crypto, and how technology is making us dumber.

Unpacking the relationship between exploitation and group identity, Folbre offers a nuanced perspective on societal structures, and the pressing need for cooperative strategies to address global crises. Her insights pave the way for a more equitable and sustainable future in this illuminating discussion on intersectionality, political economy, and social justice.

Recent developments in AI have added fuel to debates that have long simmered amongst economists, which could lead to a rethinking of economics itself.

Washington Monthly

The Atlantic

The theoretical approaches to analyzing crises have behind them contrasting conceptions of the way the economy works

Is inflation just a number game or does it hold deeper societal implications?

In accepting mass unemployment, post-communist governments and the democratic parties that constituted them removed the economic foundation for Poland’s democracy.

We heartily congratulate her on receiving the Nobel Prize in Economics.

Two-day workshop on: Dialectics of Globalism and Nationalism, Inequality and Populism, Agrarian and Urban Crises, Data and Social Justice