Macroeconomics

Returns on wealth exceed growth for more countries, more years, and more dramatically than Piketty has found

For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.

A report of the Commission on Global Economic Transformation’s subcommittee on Macroeconomics & Finance

A collection of our research on populism, globalization and nationalism

Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why

Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why

The implications of rising inequality are massive. Economists need to tackle it together.

Lance Taylor, Emeritus Professor of Economics at The New School for Social Research, delivers the annual Heilbroner Memorial Lecture on the Future of Capitalism.

Modern Monetary Theory is problematic. Launching large scale fiscal programs that rely on it would be skating on thin ice.

Italy’s austerity-fueled crisis is a warning to the Eurozone

Why Italy’s woes are a warning to the whole Eurozone

Central bankers pursue a “neutral” rate that doesn’t exist

Chaired by Nobel laureates Joseph Stiglitz and Michael Spence, INET has assembled a global team of leaders and scholars calling for new thinking & new rules for the world economy

Despite disparate policy beliefs, MMT and orthodox macro rely on many of the same theoretical foundations

James Galbraith says academic economics is in need of radical reform