History
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Working Paper Series
Have Large Scale Asset Purchases Increased Bank Profits?
Apr 2015
This paper empirically examines the effects of the Federal Reserve’s Large Scale Asset Purchases (LSAP) on bank profits.
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Economic Growth & Inequality across Time & Space: Where Has Growth Lead to Equality and Why?
Apr 8, 2015 | 06:00—06:30
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Liberté, Égalité, Fragilité
PlenaryApr 8–11, 2015
The Institute for New Economic Thinking held its sixth Annual Conference from April 8 to April 11, 2015, in collaboration with the Organization for Economic Cooperation and Development (OECD) in Paris.
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Conference paper
What is Real Wealth?
Mar 2015
A Ruskinian framework for economic justice.
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Sir John and Maynard Would Have Rejected the IS-LM Framework for Conducting Macroeconomic Analysis
Mar 19, 2015
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The Coming China Crisis
Mar 18, 2015
Rapid private-debt growth threw Japan into crisis in 1991 and did the same to the United States and Europe in 2008. China may be next.
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Conference paper
Income Inequality and Growth: Problems with the Orthodox Approach
Mar 2015
This paper discusses the main issues about increasing inequality, whether it matters and its impact on economic activity and growth. It starts by briefly considering the empirical evidence of the share of income going to the top one percent since 1945 in the advanced countries. It then considers whether this represents an increase in the productivity of the top one percent or merely an extraction of economic rent.
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Europe and the Challenge of Re-Starting Growth
Mar 13, 2015
How can we reconnect economic success to socioeconomic outcomes?
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Get a TAN, Yanis: A Timely Alternative Financing Instrument for Greece
Mar 12, 2015
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Political Economy of Distribution
Inequality and distribution—areas underserved by mainstream economics—sit at the heart of The Institute’s work. This program brings together researchers from a variety of disciplines to develop alternative approaches to the problem of inequality.
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Setting the Stage for the Next Financial Crisis
Mar 6, 2015
Michael Greenberger discusses the current state of play of regulatory reform and gives a barely passing grade.
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Can Democracy Survive Aggressive Global Capitalism?
Mar 6, 2015
Rana Dasgupta shares his view of the contradictions and tensions of India’s economic and political scenes.
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Argentina vs the Vultures
Mar 3, 2015
Cecilia Nahon, Argentina’s Ambassador to Washington, DC., discusses the issues plaguing the Argentine government in it’s attempts to conclude debt restructuring.
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Paul Krugman on the MIT History
Mar 2, 2015
My friend and “grown-up kid” Yann Giraud just called my attention to Paul Krugman’s recent column, “Empire of the Institute”, on Roy Weintraub’s recently edited HOPE volume “MIT and the Transformation of American Economics” (to which three Playground kids contributed: Yann, Beatrice Cherrier and myself).
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How India’s Traumatic Capitalism is Reshaping the World
Mar 2, 2015
A British national of Bengali origin, novelist Rana Dasgupta recently turned to nonfiction to explore the explosive social and economic changes in Delhi starting in 1991, when India launched a series of profoundly transformative economic reforms.