Archive
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News
Daily Kos features Lynn Parramore's interview on CounterSpin
May 9, 2021
“Just now read this fascinating interview by Janine Jackson of fair.org (Fairness & Accuracy In Reporting) with Lynn Parramore of the Institute for New Economic Thinking on how hedge fund managers are damaging American companies by pushing company managements to do stock buybacks. Basically, stock buybacks force up the price of a stock, allowing shareholders to make megabucks when they sell. Such buybacks were difficult until the Reagan administration loosened the regulations in 1982. Why are stock buybacks bad ? Because they divert money from research, from new investments and innovation, and from raising wages. The interview with Lynn Parramore goes into the details.” — Daily Kos
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Article
Bibliometrics or Peer Review for Research Assessment: Is That the Right Question?
May 6, 2021
A low agreement between bibliometrics and peer review at the level of individual article indicates that metrics should not replace peer review at the level of individual article.
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Article
Restoring Public Good — Now and for the Future
May 5, 2021
Restoring faith in governance and public action is itself a public good that would prepare us for a whole myriad of challenges on the horizon
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News
Joseph Stiglitz and Anton Korinek’s INET-funded research is cited in the NY Times
May 5, 2021
“In their December 2017 paper, “Artificial intelligence, worker-replacing technological progress and income distribution,” the economists Anton Korinek, of the University of Virginia, and Joseph E. Stiglitz, of Columbia — describe the potential of artificial intelligence to create a high-tech dystopian future. Korinek and Stiglitz argue that without radical reform of tax and redistribution politics, a “Malthusian destiny” of widespread technological unemployment and poverty may ensue.” — Thomas B. Edsall, New York Times
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News
NPR features INET Working Paper on the racial and gender inequality of the pandemic
May 4, 2021
“Researchers involved in a new study from Washington University say women could be in trouble financially for years to come because of significant job losses during the crisis. “We have to be somewhat concerned that the larger inequality effects of the current crisis could have these persistent impacts on wages and on career progress in all the groups that are disproportionately affected,” said Steven Fazzari, a professor of economics and sociology at Wash U who co-authored the study.” — Andrea Y. Henderson, St. Louis Public Radio NPR
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Article
What Earnings Calls Tell Us About Financial Risk
May 3, 2021
Analyzing corporate conference calls reveals the way that countries perceive and spread risk through the global financial system
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News
The NY Times cites INET’s report from the Commission on Global Economic Transformation
May 3, 2021
“Yet notable critics like Joseph Stiglitz and Jayati Ghosh, an economist at the University of Massachusetts Amherst, see woefully insufficient production by Western drug companies as a major roadblock to universal vaccination.” — Walden Bello, New York Times
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Working Paper
Working Paper SeriesCountry Risk
May 2021
Analyzing corporate conference calls reveals the way that countries perceive and spread risk through the global financial system
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News
INET's article on the dangers of reopening schools is featured in the Santa Fe New Mexican
May 1, 2021
“Right after the CDC made this announcement, the president of the American Federation of Teachers, Randi Weingarten, sent a letter to the Biden administration, citing a study by the Institute for Economic Thinking. … The authors of the study are Dr. Deepti Gurdasani, who did much of the research for the study and is a clinical epidemiologist and statistical geneticist and senior lecturer at the William Harvey Research Institute in London; Dr. Phillip Alveldi, CEO and chairman of Brain Works Foundry Inc, a U.S.-based developer of artificial intelligence-enhanced health care technologies and services; and Thomas Ferguson, the director of research projects for the Institute for New Economic Thinking.” — Dennis Donohue, Santa Fe New Mexican
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News
Lynn Parramore appeared on CounterSpin to discuss her INET article on hedge fund’s blocking green initiatives
Apr 30, 2021
“Polluting companies tell us every day how they’re invested in the future; we’ve heard corporations en masse say, “Profits, what? We’re all about the people now!” There’s a certain amount of people-who-make-the-problem-pretending-they’re-the-solution that we can see through, but there’s still plenty going on behind the scenes. We’ll talk with Lynn Parramore, senior research analyst at the Institute for New Economic Thinking, about how hedge funds get in the way of the big changes all kinds of companies need to make to fight climate disruption.” — CounterSpin
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News
Arjun Jayadev appeared on Chayakkada Chats podcast to discuss vaccine equity
Apr 30, 2021
“Today joined by Dr Arjun Jayadev, who is a Professor of Economics at the School of Arts and Sciences at Azim Premji University in Bangalore, India. He was previously Associate Professor of Economics at the University of Massachusetts Boston. He is also closely involved with the Institute for New Economic Thinking. I speak to him about the basic links between IPRs and the pandemic; the long-held orthodoxy in economic theory on the importance of IPRs, especially in areas like health; how IPRs lead to suboptimalities like hoarding of knowledge, vaccine grabs and other global inequalities; the relationship between public funding and vaccine production; whether private profits being produced from public investments; and finally, the problem of vaccine nationalism.” — Chayakkada Chats
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News
Project Syndicate cites INET’s report from the Commission on Global Economic Transformation
Apr 30, 2021
“To do this properly, we need to understand the structure of markets for knowledge-based products like new vaccines. Currently, we do not: the “market” is a mishmash of competition and side deals. According to a recent paper from the Institute for New Economic Thinking, governments and pharmaceutical companies last year concluded 44 bilateral COVID-19 vaccine deals, many of which have undisclosed details and poorly understood escape clauses. Poor countries were, by and large, left out.” — Kaushik Basu, Project Syndicate
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Article
America Hasn’t Reckoned with the Coup That Blasted the Black Middle Class
Apr 29, 2021
In 1898, upwardly mobile Blacks in Wilmington, NC were terrorized and slaughtered in a violent insurrection that set the stage for Jim Crow – and the next 123 years. Hardly anyone really knows about it.
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Video
How Lifting Intellectual Property Restrictions Could Help World Vaccinate 60% of Population by 2022
Apr 29, 2021
As new coronavirus cases surge across India, calls are growing louder for wealthy countries to loosen intellectual property restrictions
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Collection
INET Climate Crisis Collection
A collection of INET’s most important articles, videos, interviews, and working papers that deal with the climate crisis