Articles
Articles and analyses from the INET community on the key economic questions of our time.
The Top Journals Club in Economics
Prejudice and collusion, not simply research quality, drive journal citations
Beyond the Dollar
Why Wages Are Stagnating in Latin America
William Lazonick has shown how the doctrine of “shareholder value” has hurt wages in the United States. But in Latin America, where family corporations dominate, the story is more complicated.
Why Hysteria Over the Italian Budget Is Wrong-Headed
Reactions to the size of the proposed plan rely on discredited assumptions and betray a fundamental misunderstanding of economic growth—and austerity
A Better Bailout Was Possible
Macroeconomics Predicted the Wrong Crisis
Distracted by the perceived threat of a Chinese savings glut, mainstream macroeconomists missed the writing on the wall of the 2008 crisis
Mortgage Fraud Fueled the Financial Crisis—and Could Again
Both before 2008 and today, there’s a disturbing tendency in Washington to not take mortgage fraud seriously
The Zero-Sum Economy
The anthropologist David Graeber has argued that as much as 30% of all work is performed in “bullshit jobs,” which are unnecessary to produce truly valuable goods and services but arise from competition for income and status. But the deeper problem is that more and more economic activity performs a merely distributive function.
The Mechanics of Cryptocurrency
INET Global Commissioner Peter Bofinger breaks down cryptocurrencies, and why they’re actually far from “anonymous”
Austerity Caused Brexit
Boycott the Journal Rankings
Reproducibility Crisis Reaches All Randomised Controlled Trials
The social and medical sciences depend on randomised control trials – though they face more assumptions and biases than commonly thought.
Was Martin Luther King a socialist?
Was Martin Luther King a socialist? New book may surprise you.
Who Says Labor Laws Are “Luxuries”?
The World Bank and IMF say developing economies can’t afford to have strong labor laws. Actually, they can’t afford not to.