Archive
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YSI Event
YSI 2020 Plenary: New Economic Questions
Young Scholars Initiative Virtual Plenary
YSI
PlenaryNov 6–15, 2020
What are the 100 most pertinent economic questions facing our global societ?
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News
William Lazonick's research on stock buybacks is featured in Retail Dive
Nov 3, 2020
William Lazonick, president of the Academic-Industry Research Network and a professor emeritus of economics at the University of Massachusetts, who has devoted much of his research to the topic of buybacks, has written that the rule change “in effect gave corporations license to use open-market repurchases to manipulate the market.” … In an interview, Lazonick told Retail Dive, “These distributions to shareholders, particularly buybacks on top of dividends, are at the expense of keeping people employed, rewarding them for the work they’ve done, and investing in new products and processes.”
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Article
Affluent Authoritarianism: McGuire and Delahunt’s New Evidence on Public Opinion and Policy
Nov 2, 2020
New INET research shows once again that it’s large firms and the 1%—not the “median voter”—who drive U.S. policy
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News
INET working paper on NIH's funding of new pharmaceuticals is cited
Nov 2, 2020
“Third, U.S. taxpayers foot a huge portion of the bill for basic science leading to new drugs. The National Institutes of Health is the single largest source of biomedical research in the world. In fact, NIH funding contributed to research associated with every single new drug approved by the FDA from 2010-2019, totaling $230 billion according to a recent report.”
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Working Paper
Working Paper SeriesPredicting United States Policy Outcomes with Random Forests
Nov 2020
In this paper we analyze the Gilens dataset using the complementary tools of Random Forest classifiers (RFs), from Machine Learning.
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Article
Vera Songwe: "Let’s build forward better!"
Oct 30, 2020
In this interview, Dr. Vera Songwe, economist and Executive Secretary of the United Nations Economic Commission for Africa reflects on the ways that African governments have handled COVID-19, the role of the Continental Free Trade Agreement in turbo-charging future growth, the vital role of infrastructural investment and mobilising domestic resources for building forward better and greener.
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News
William Lazonick is quoted in on the stock market practices of Big Pharma
Oct 29, 2020
“Executives have an interest in getting the stock price up and price gouging customers is one way they can do this,” said William Lazonick, professor emeritus of economics at University of Massachusetts and co-founder of the Academic-Industry Research Network. While many drug companies argue that they use their vast profits to fund ongoing pharmaceutical innovation, Lazonick said, “we’ve shown that most of these companies don’t do that.” Instead, the soaring prices fuel soaring stock prices and executive pay, which is often based largely on that price.” — INET Grantee William Lazonick
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News
Alberto Baccini’s INET funded research on the impact of publishing incentives
Oct 29, 2020
“Alberto Baccini, an economist at the University of Siena in Italy, says that people assessing research should be aware that the process can have an influence on academics’ behavior. ‘For each research assessment, you can find some behavior that changes in a way that is not desirable for society,’ he says. A 2019 study conducted by Baccini and colleagues found that researchers in Italy have been citing their own work or that authored by other researchers based at Italian institutions more frequently in response to a 2010 policy that is used to make decisions on promotions based on the number of citations researchers accumulate.” — INET Grantee Alberto Baccini
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News
Lynn Parramore on Trump and America's ongoing manterrupter problem
Oct 28, 2020
“Obviously, there’s serious work to be done in changing cultural norms. Dealing with this disrespectful activity requires a versatile toolkit. … Fortunately, cultural norms can change. Challenges to traditional patriarchy and outdated workplace behavior, like the #MeToo movement, are already shifting notions of what is acceptable. Lesley Stahl has been a respected journalist for 50 years. Which means she likely knows better than anyone else that gaining a seat at the table doesn’t mean much if you can’t be heard over the din.” — INET Senior Research Analyst Lynn Parramore
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News
Andrew Sheng on Xi Jinping’s plan for Shenzhen
Oct 28, 2020
“In his speech, Xi pledged to uphold support for the Greater Bay Area initiative, and the Shenzhen plan includes specific measures to create employment and housing opportunities for Hong Kong’s young people. Driving forward the development of an economy as large and complex as China’s is a monumental feat in the best of times – not least because there are no models to emulate. Amid hostile external conditions, the challenge is even greater. But with the Shenzhen plan – and the broader adaptation and implementation of the city’s successful reforms – China may well be able to meet it.” - INET Expert Andrew Sheng, member of Commission on Global Economic Transformation
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Video
Has Economic Theory Failed?
Oct 28, 2020
George Soros explains why there is no mathematical equation that can define humanity.
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Article
"Shadow" Lobbyists Run Rampant in the Swamp
Oct 27, 2020
Unregistered lobbyists, including former members of Congress, are a key resource for lobbying firms
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Working Paper
Working Paper SeriesShadow Lobbyists
Oct 2020
Unregistered lobbyists, including former members of Congress, are a key resource for lobbying firms
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Webinars and Events
The Future of Work | The Work of Future: How Will Work Be Different?
Webinarmoderated by Steve Clemons with Erik Brynjolfsson, Nancy Folbre and Kai-Fu Lee
Oct 27, 2020
In the future, how will work be different, what jobs are most at risk, what jobs are likely to grow?
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Article
Cybersecurity Expert: What the Media Miss on America’s Election Risks
Oct 23, 2020
David Mussington, a leading expert on cybersecurity, reveals what’s worrying him, from Facebook to foreign interference.