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From the Blog

The Stormy Birth of “Europe”

Article By Joseph Halevi

National States and Conflicting Economic Priorities in the Making of the European Monetary System

Why Did Isaac Newton Lose His Shirt in Financial Speculation? Author Alex Pollock Explains.

Article By Lynn Parramore

Trying to predict the financial future is a fool’s errand, even for a genius

Not So Modern Monetary Theory

Article By Lance Taylor

Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes

Facebook, Acquisitions, and Potential Competition

Article By Mark Glick and Catherine Ruetschlin

Big Tech companies are swallowing up nascent competitors. Why aren’t regulators paying attention?

This Take on Humanity’s Future Might Blow Your Mindset

Article By Lynn Parramore

Author Jeremy Lent argues that western conceptual frameworks with roots in the Stone Age push us towards disaster. Time to let them go?

How Performance Evaluation Metrics Corrupt Researchers

Article By Alberto Baccini, ​Giuseppe De Nicolao, and Eugenio Petrovich

New research shows how citation metrics create perverse incentives for corruption in economics

Secular Stagnation: The Limits of Conventional Wisdom

Article By Stefano Di Bucchianico

Summers and Stansbury mark a dramatic shift from New Keynesian orthodoxy, but only make it halfway to understanding the demand-driven nature of stagnant growth

Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy

Article By Tracy Mott

Mott walks us through answers many careful readers of Kalecki, Keynes, Steindl, and Minsky knew all along.

More articles

INET Video

The Perils of Over-Optimistic Borrowing

Video Featuring Yueran Ma

Yueran Ma discusses her work with INET’s Private Debt Initiative

Learn the Language of Power

Video Featuring Ha-Joon Chang

Economists make what we do seem complicated, says Ha-Joon Chang. It’s not.

A Hereditary Meritocracy

Video Featuring Raghuram Rajan and Rob Johnson

The University of Chicago’s Raghuram Rajan explains how inequalities in the education system lock in a hereditary hierarchy of success

Measuring Economic Democracy

Video Featuring Robert McMaster

GDP doesn’t tell the whole story—Robert McMaster explains the Economic Democracy Index

In Defense of Economic Theory

Video Featuring Wade Hands

Wade Hands argues that empiricism without theory is insufficient

How & How NOT to Do Economics

Video Featuring Robert Skidelsky

What is economics for? What is it about? How should it be done? How can it be of use to us? How is it connected to morals and politics?

Is History Important?

Video Featuring Robert Skidelsky

An animated look at economic history with Robert Skidelsky

How Liberals Normalized Conservative Ideas

Video Featuring Binyamin Appelbaum and Rob Johnson

The New York Times’ Binyamin Appelbaum explains the role Democratic presidents, from Kennedy to Obama, in moving economic policy to the right

How Can We Track Bank Risk?

Video Featuring Juliane Begenau

Risky lending took down the global economy in 2008. Tracking it now is a vital job for economists, says Juliane Begenau

More videos

Working Paper Series

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.

Synthetic MMT: Old Line Keynesianism with an Expansionary Twist

Paper By Lance Taylor

Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes

Big Tech Acquisitions and the Potential Competition Doctrine: The Case of Facebook

Paper By Mark Glick and Catherine Ruetschlin

How antitrust law is ill-equipped to address tech mergers

American Gothic: How Chicago Economics Distorts “Consumer Welfare” in Antitrust

Paper By Mark Glick

The Chicago School has long used bankrupt assumptions to strangle antitrust policy.

Firm-Level Political Risk: Measurement and Effects

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

We adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual US firms: the share of their quarterly earnings conference calls that they devote to political risks.

Expansionary Austerity and Reverse Causality: A Critique of the Conventional Approach

Paper By Christian Breuer

It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

State Capacity and Demand for Identity: Evidence from Political Instability in Mali

Paper By Maxim Ananyev and Michael Poyker

Frequent civil conflicts in African countries may erode national identity, thus highlighting a reason why civil conflict is costly for growth and development

Demand-determined potential output: a revision and update of Okun’s original method

Paper By Claudia Fontanari, Antonella Palumbo, and Chiara Salvatori

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

More papers