History
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What is Economic Success?
Oct 11, 2013
“You are now leaving the world as you know it.”
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Trade Deals Must Allow for Regulating Finance
Oct 2, 2013
World leaders who are gathering for the APEC summit next week had hoped to be signing the Trans-Pacific Partnership Agreement (TPP). The pact would bring together key Pacific-rim countries into a trading bloc that the United States hopes could counter China’s growing influence in the region.
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A Model’s Crisis
Sep 21, 2013
Friedrich von Hayek described the economist’s task as demonstrating how little we really know about what we imagine we can design
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Current Account Rebalancing Since the Crisis
Sep 19, 2013
A look at the large role the trade deficit of the United States has played since the 1980s.
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The Financial World Five Years after Lehman Brothers
Sep 16, 2013
What have we learned about the American political economy from the crisis and its aftermath?
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Swimming against the Current: A Remembrance of Ronald Coase (1910-2013)
Sep 13, 2013
Ronald Coase, who passed away last week at age 102, spent his academic career swimming against the current.
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Conference paper
The Two Innovation Economies: Follower and Frontier
Sep 2013
Can China lead the way on innovation?
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The Good Life The Challenge of Progress in China Today
ConferenceSep 7–8, 2013
Every nation faces the challenge of imagining what a good life means. Sound nutrition, shelter, health care, personal safety, social stability, security of savings, clean air and water, and the development of children are among the elements of what many envision as vital to a happy and healthy society.
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Grantee paper
Where Did All the Money Go? Stimulus in Fact and Fantasy
Jul 2013
The Obama stimulus remains controversial even as we approach the fourth anniversary of its launch.
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Why Economics Needs Economic History
Jul 28, 2013
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When Is the Time for Austerity?
Jul 26, 2013
Recent austerity policies have been guided by ideology rather than research. This column discusses research that reconciles disparate estimates of fiscal multipliers in the literature. It finds that common identification assumptions are problematic. Matching methods based on propensity scores show how contractionary austerity really is, especially in economies operating below potential.
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Why Austerity Theory is the Economist's Atomic Bomb
Jul 9, 2013
Economic theories are powerful things, to be used and misused. Those who write economic theory and do economic policy need to be aware of the consequences of what they are doing.
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Aziz Premji Summer School 2013
WorkshopJul 4–11, 2013
Between July 5th and 12th, the second annual summer school in development economics, jointly sponsored by Azim Premji University and the Institute for New Economic Thinking, was held in Bangalore, India.
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The Entrepreneurial State: Debunking Public vs. Private Sector Myths
Jun 12, 2013
is the public sector really sclerotic and conservative in contrast with a dynamic and innovative private sector?
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Growth, Debt, and Past versus Future: A Visual Elaboration
Jun 5, 2013
How does debt influence growth?