We produce & fund research

that challenges economic orthodoxy

We inform & educate

to change the conversation about major economic problems and policy

We engage students

and support a global network of new economic thinkers

We host events

that bring together scholars, students, and policymakers from around the world


Kari Polanyi Levitt

Article By Mario Seccareccia

Some Personal Reflections on a Half Century of Friendship and Appreciation

Freedom from Fossil Fuels is Good for Your Health

Article By James Boyce

Freeing ourselves from reliance on fossil fuels is not only good for the planet and future generations. It also saves lives here and now, not just in the far future.

The New Hampshire Democratic Primary in One Graph

Article By Thomas Ferguson, Jie Chen, and Paul Jorgensen

Lower Income Towns in New Hampshire Voted Heavily for Sanders; Richer Towns Did the Opposite.

Psychologist Explains Why Economists—and Liberals—Get Human Nature Wrong

Article By Lynn Parramore

Jonathan Haidt deploys insights from moral psychology to help us see ourselves and each other more clearly

Modeling Myths of Climate Change

Article By Michael Grubb and Claudia Wieners

How models treat innovation may be just as important as their assumptions about climate damages

A Money View of Keynes, Keynesians, and Post-Keynesians

Article By Perry G. Mehrling

The central bank today is not just the government’s bank, but also a bankers’ bank, a truly hybrid institution

Is the Most Unproductive Firm the Foundation of the Most Efficient Economy?

Article By William Lazonick

How Penrosian Learning Confronts the Neoclassical Fallacy

Level-Up Economics: Beyond the Wealth of Nations

Paper By Richard Samans

Reconstituting capitalism and revitalizing the liberal international order will require revisiting first principles of Western political economy, rebalancing the emphasis it places on broad living standards as opposed to national income. The 2020 US presidential campaign has begun to do just that.

More articles

INET Video

Polanyi on Polanyi

Video Featuring Kari Polanyi Levitt

In this series Polanyi reflects on an extraordinary life, and the extraordinary legacy of her family.

Saving Retirement

Video Featuring Teresa Ghilarducci

Is America facing a retirement crisis?

Inequality 101

Video Featuring Branko Milanovic and Arjun Jayadev

Inequality, in many ways, may be the biggest question of our times. And yet it is a topic that is still underexplored in conventional economics curricula.

How The Troika Runs Europe

Video Featuring Nina Eichacker

The European Commission, the European Central Bank, and the IMF are the continent’s austerity police

What Happens When Economics Doesn’t Reflect the Real World?

Video Featuring Anwar Shaikh

Anwar Shaikh talks about the shortcomings of neoclassical economics and alternative frameworks

Economics for People

Video Featuring Ha-Joon Chang

Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.

Banning Buybacks

Video Featuring William Lazonick

Stock buybacks are giveaways for greedy investors at the expense of everyone else.

Between Rational and Irrational

Video Featuring Richard Robb and Rob Johnson

Columbia University’s Richard Robb talks about his new book on human behavior

The Hidden Costs of Healthcare

Video Featuring Rob Johnson, Steve Clemons, Eileen Appelbaum, Rosemary Batt, William Lazonick, and Öner Tulum

INET experts discuss how financialization has driven up costs of healthcare—and how we can stop it.

More videos

Working Paper Series

Modeling Myths: On the Need for Dynamic Realism in DICE and other Equilibrium Models of Global Climate Mitigation

Paper By Michael Grubb and Claudia Wieners

We conclude that representing dynamic realism in such models is as important as – and far more empirically tractable than – continued debate about the monetization of climate damages and ‘social cost of carbon’.

Payment vs. Funding: The Law of Reflux for Today

Paper By Perry G. Mehrling

The central bank today is not just the government’s bank, but also a bankers’ bank, a truly hybrid institution

Is the Most Unproductive Firm the Foundation of the Most Efficient Economy? Penrosian Learning Confronts the Neoclassical Fallacy

Paper By William Lazonick

To get beyond the neoclassical fallacy, economists have to stop relying on constrained-optimization methodology

The Secular Stagnation of Productivity Growth

Paper By Servaas Storm

This paper argues that it is a mistake to dismiss secular demand stagnation as main cause of declining potential growth in the OECD.

Inclusive American Economic History: Containing Slaves, Freedmen, Jim Crow Laws, and the Great Migration

Paper By Trevon Logan and Peter Temin

This paper records the path by which African Americans were transformed from enslaved persons in the American economy to partial participants in the progress of the economy.

The Global Impact of Brexit Uncertainty

Paper By Tarek Alexander Hassan, Laurence van Lent, Stephan Hollander, and Ahmed Tahoun

Using tools from computational linguistics, we construct new measures of the impact of Brexit on listed firms in the United States and around the world

The Decline of the U.S. Labor Share Across Sectors

Paper By Ivan Mendieta-Muñoz, Codrina Rada, and Rudi von Arnim

This paper provides novel insights on the changing functional distribution of income in the post–war US economy.

The Political Economy of Europe Since 1945: A Kaleckian Perspective

Paper By Joseph Halevi

This paper analyzes the early stages of the formation of the Common Market.

Europe 1957 to 1979: From the Common Market to the European Monetary System

Paper By Joseph Halevi

This essay deals with the contradictory dynamics that engulfed Europe from 1959 to 1979, the year of the launching of the European Monetary System.

From the EMS to the EMU and...to China

Paper By Joseph Halevi

This essay deals with the EMS experience and its failure, with the Maastricht Treaty, and with the interregnum leading to the formation of the EMU in 1999.

More papers