History
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Helicopter money as a policy option
May 29, 2013
‘Helicopter money’ may in some circumstances be the only certain way to stimulate nominal demand
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Dancing in the Dark: Creating an Economics for the 21st Century
May 12, 2013
In the wake of the 2008 financial crisis, many of our policy makers and top economists are still stumbling in the dark.
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More Services Means Longer Recoveries
Apr 28, 2013
Recovery from recessions takes longer than it has in the past.
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The rise of economics as engineering II: the case of MIT
Apr 24, 2013
Looming behind the aforementioned narratives of postwar economics is a notion – economics as engineering – which at times appears as a metaphor and at times stands for a straight depiction of economists’ professional milieu and practices.
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The rise of economics as engineering I : setting the scene
Apr 23, 2013
The rise of the economist as engineer is, economists and historians say, an essential characteristic of the development of economics in the postwar period.
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A chronology of economics at Carnegie (in progress)
Apr 22, 2013
To illustrate the previous post on the difficulties in putting together a chronology, here is tentative chronology of economics at Carnegie. It’s still in process, and links, sources and entries will be updated as I read.
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On the difficulty of assembling a chronology and other F....moments in history of economics research
Apr 21, 2013
This year, I’m sharing an office with an econometrician on Mondays and with a geographer on Fridays (you don’t want to go into the subtleties of the French educational system).
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History of applied economics: now what?
Apr 17, 2013
There is a “tendency to neglect applied economics in writing the history of economic thought,” Roger Backhouse and Jeff Biddle remarked in 2000. They then followed the “applied” trail back into the XIXth and early XXth centuries, at a time the scope and nature of economics were debatted by continental and especially British political economists
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Reinhart and Rogoff Respond to Criticism
Apr 16, 2013
INET Advisory Board members Carmen Reinhart and Kenneth Rogoff today issued a response to recentcriticism of their paper “Growth in a Time of Debt.” Their response in full is below.
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Keynesianism, neoliberalism and the 'Dissemination' of Economic Ideas: That's the Way of the World.
Apr 15, 2013
It is often argued that in recent years the question of the ‘dissemination’ of economic knowledge has been increasingly addressed by historians of economics.
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Why Raising the Minimum Wage Makes Economic Sense
Apr 13, 2013
A minimum wage is a small minnow in an ocean of deficient aggregate demand
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Conference paper
Central Banks in Balance Sheet Recessions: A Search for Correct Response
Apr 2013
These are extraordinary times for central banks. Near zero interest rates and massive liquidity injections are still failing to bring life back to so many economies in the developed world.
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Conference paper
New Metrics for Economic Complexity: Measuring the Intangible Growth Potential of Countries
Apr 2013
In this paper we provide a summary and a guide to the literature for a new line of research which goes under the name of Economic Complexity and is partly performed incollaboration with INET.
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Conference paper
Economics and the Powerful: Faulty Analysis, Economic Advice, and the Imperatives of Power
Apr 2013
“Look! Up there in the sky! What is it? Is it a plane? Is it a bird?” No, it’s a distraction from the robbery that is taking place in broad daylight on the ground.
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Conference paper
The Future of Central Banking
Apr 2013
The exteriors of major central banks may be solid marble and doric columns, but, inside, monetary policy remains a work in progress.