Articles
Articles and analyses from the INET community on the key economic questions of our time.
In which MIT decided to teach micro first so as to make economics more relevant
I’ve already blogged on how undergraduate education evolved at MIT in the postwar era here and here, but since Mike Konczal and Paul Krugman make the case that, to bring introductory economics closer to the real world, macro should be taught before micro as Samuelson did in the first 13 editions of his Economics textbook, it may be worth returning to it.
Economic Policy Must Address Excessive Private Sector Leverage
Adair Lord Turner, former Chairman of Great Britain’s Financial Services Authority and current Senior Fellow at the Institute for New Economic Thinking, will argue in a keynote address to the Federal Reserve Bank of Chicago on Thursday that central banks must be equipped in future to address the dangers of excessive private sector leverage, using both pre-emptive interest rate policy and macro-prudential policy tools.
We Can Do Better
Trust and Finance
America’s Debt-Ceiling Debacle
Economic theory declassified?
Reinhart and Rogoff Respond to Criticism
Advisory Board members Carmen Reinhart and Kenneth Rogoff today issued a response to recent criticism of their paper “Growth in a Time of Debt.”
What You Can Do to Protect Yourself Against a Totally Unnecessary U.S. Government Default
If Congress and the White House fail to raise the debt ceiling this week and the United States defaults on its debt, what can we expect and how can we protect ourselves against these events?
A Model’s Crisis
Current Account Rebalancing Since the Crisis
A look at the large role the trade deficit of the United States has played since the 1980s.
The End of 'Financialization'
The failure of Lehman Brothers on 15 September 2008 marked the beginning of the end of the world’s love affair with financialization.
Swimming against the Current: A Remembrance of Ronald Coase (1910-2013)
Ronald Coase, who passed away last week at age 102, spent his academic career swimming against the current.
Inequality – It’s Bad…And It’s About to Get Way Worse
What’s behind rapidly worsening inequality in the United States?
Katharina Pistor: The Legal Theory of Finance
economists still conceive of law too narrowly, mainly as a means to reduce transaction costs and protect investors.