Education

Economics is very theoretically comfortable with what may be termed `Keynesian’ waste.

Two Nobel laureates, an election, and a shaky economy. The message? We can do a whole lot better.

What makes a good model?

Can economics be morally centered? And perhaps more importantly, should it be?

A Response to Heiner Flassbeck’s questions about the Institute’s Council on the Euro Crisis

Has the servant’s servant become the master’s master?

How representation of data can contribute to, or dispel the false certainty of statistical and econometric technique.

The Institute joined the Centre for International Governance Innovation, and the Mercator Research Institute on Global Commons and Climate Change in hosting its third-annual plenary conference in Berlin from April 12-15, 2012.

In modern economies, individuals and companies engage in innovative activities, discovering new ways to use existing physical and human capital, and new technologies in which to invest. The institutional and broader social context within which these activities take place also changes in novel ways.

The economics profession stands on the fragile foundation of presuppositions adopted by professional agreement rather than as a result of empirical observation.

Amid mass unemployment and economic turmoil, instructors who lecture on the superiority of free markets without acknowledging the dysfunction in the wider economy are at risk of appearing out of touch and exacerbating antipathy towards economics.

INET published a paper, written by John Kay, that deals with the relationship between economics and the world we live in. The Map Is Not the Territory: An Essay on the State of Economics spells out methodological critiques of economic theory in general, and of DSGE models and rational expectations in particular.

The Toxic Textbooks movement devotes energy to curriculum reform as well. Its purpose is to galvanize student protests and “encourage schools and universities to use economics textbooks that engage honestly with the real world.”