Archive

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

The impenetrability of this continuously expanding Ptolemaic New Keynesian paradigm is maddening

The re-emergence of inflation threw the ‘science of monetary policy’ off the rails. Do the new tweaks to the theory work?

Post-Chicago Economists vs. New Brandeisians on the New Merger Guidelines

The economists are not what they seem.

What is GM CEO Mary Barra’s take-home pay? (It’s more than you are being told)

The tech giant is in the hot seat, but it’s going to be a “big fight,” warns antitrust expert Mark Glick.

Can finance stop hindering and start helping the green transition?

New INET Governing Board Member Announcement

We have made progress but not enough to forestall crises

Professor Rebeca Gomez Betancourt explores the transformative roles of pioneering women like Charlotte Perkins Gilman and Hazel Kyrk in the field of economics.

The “liquidity” support provided by the Fed to megabanks through cross-border lending in fact acted as subsidies

Creating the post-2008 global safety net for mega-banks

What lessons need to be drawn on this anniversary?

On September 15, 2008, Lehman Brothers, a giant investment bank with a storied history, filed for bankruptcy. The shock was profound; world markets melted down.

By all accounts infection rates have ebbed. But were we good or were we lucky?

New technologies are not the problem. It’s a system distorted by a flawed ideology.

ProMarket’s new “Addendum to Retraction,” written it appears in response to our recent INET post, doubles down on its critique of our piece which showed that it is feasible for increased output to lead to reduced welfare. The ProMarket addendum is notable for its economic errors.*

Unveiling the U.S. Prison System

Economists had to distort economic theory to fashion their merger “efficiency” arguments

By permitting business definitions of “efficiency” to leak over into the antitrust lexicon, antitrust scholars have done a great disservice

Why is the History of Economic Thought important?

Losing jobs isn’t the only thing workers have to worry about. AI may make many jobs worse.

Under the shared premise that no country alone can address the multiple challenges posed by intertwining and intensifying economic, social and environmental crises, this year’s lectures will discuss prospects and obstacles for a green and equitable transformation of the global economy.

Stock buybacks as a mode of predatory value extraction

ProMarket and the Consumer Welfare Standard An output increase is not sufficient to increase welfare. Allocation—how goods are distributed—matters.

The monetary policies of major central banks in advanced economies have had negative consequences and thus need to be fixed

Monetary policy should be guided much more by financial sector developments and much less by near-term targets for inflation.

Reaching climate goals means rich countries must invest in sustainable technologies in developing countries with huge energy needs.

The bundle of sanctions was initially designed and imposed in haste, with little basis to assess historic performance.

On the reflexive relationship between inflation and inflation narratives

The effect of monetary policy on the functional distribution of income

Central banks strongly favored rentier incomes in their reaction functions

Dr. Agnes Kalibata, President of AGRA, on how the Ukraine conflict has been a big wake-up call for many African governments, the huge importance of investing in soils, and her frustration at the slow pace of climate mitigation.

If we can measure mobility, we can raise a better society.

In The Measure of Our Age, elder justice expert M.T. Connolly, who served as coordinator of the Department of Justice’s Elder Justice Initiative, offers both a warning and challenge: the systems we rely on to protect us as we age haven’t caught up to our longevity. Good news: we have the tools to build better ones.