Archive
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Article
Market Power, Low Productivity, and Lagging Wages: The Real Drivers
Aug 23, 2018
To understand labor productivity—and growing inequality—you have to look at the “dual economy”
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Working Paper
Working Paper SeriesRace to the Bottom: Low Productivity, Market Power, and Lagging Wages
Aug 2018
“Dualism” in the structure of production across sectors of the US economy, employment by sector, productivity levels and growth, real wages, and intersectoral terms-of trade increased markedly between 1990 and 2016.
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Article
Social Stability and Resource Allocation within Business Groups
Aug 22, 2018
In China, the government uses the purses strings of state-owned enterprises to control social unrest
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Video
What Economists Can Learn from Hippies
Aug 22, 2018
Behind sex, drugs and rock ‘n’ roll were moral values, says music industry veteran Danny Goldberg
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Working Paper
Working Paper SeriesSocial Stability and Resource Allocation within Business Groups
Aug 2018
Using datasets on transactions within business groups and social sentiment in China, I show that state-owned enterprises (SOEs) use internal funds to address social unrest, complying with the government’s political goals.
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Article
The Zero-Sum Economy
Aug 20, 2018
The anthropologist David Graeber has argued that as much as 30% of all work is performed in “bullshit jobs,” which are unnecessary to produce truly valuable goods and services but arise from competition for income and status. But the deeper problem is that more and more economic activity performs a merely distributive function.
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News
WNYC Interviews Michael Greenberger
Aug 16, 2018
WNYC interviews Michael Greenberger about his INET paper on the unregulated derivatives market, and the threat it poses to the global financial system
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News
Washington Post Features Bill Lazonick's Research
Aug 16, 2018
The Washington Post cites William Lazonick’s INET paper on shareholder value
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YSI Event
YSI Africa Convening
YSI
Regional ConveningAug 16–18, 2018
Young Scholars based in Africa are invited to convene in Harare, Zimbabwe. The event serves to strengthen the African network of new economic thinkers pursuing a new economic paradigm. Attendees will be able to attend the annual conference of the Zimbabwe Historical Association in the same trip.
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YSI Event
YSI Africa Convening
YSI
Regional ConveningAug 16–18, 2018
Young Scholars based in Africa are invited to convene in Harare, Zimbabwe. The event serves to strengthen the African network of new economic thinkers, in pursuit of a new economic paradigm. Attendees will be able to the annual conference of the Zimbabwe Historical Association in the same trip.
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News
Vox Cites Bill Lazonick Research
Aug 15, 2018
Vox cites William Lazonick’s INET paper on shareholder value
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Article
The Mechanics of Cryptocurrency
Aug 15, 2018
INET Global Commissioner Peter Bofinger breaks down cryptocurrencies, and why they’re actually far from “anonymous”
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Video
How Artists Can Make Social Change
Aug 15, 2018
Watch music industry veteran Shep Gordon and INET President Rob Johnson talk about how reality TV, celebrity chefs, and surfing explain American politics and economy today.
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Article
Rethinking Social Progress in the 21st Century
Aug 14, 2018
A new report examines the path to global social progress. Unfortunately, there are no easy answers
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Collection
Cryptocurrency in Context
Cryptocurrency is one of the hottest topics in finance, yet it is often misunderstood, both by the general public and self-proclaimed “experts.” In this collection, members of the INET community offer a broader look at the economics of cryptocurrency, and money itself.