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INSTITUTE FOR NEW ECONOMIC THINKING YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession. Widespread criticism of elites and their ‘experts ’ raises questions about how economists should perceive their role, and what role societies should give them. INSTITUTE FOR NEW ECONOMIC THINKING An analysis of the lead-lag relations at both the global and individual country level yields the following insights: (i) Corporate scandals are an antecedent to regulation over long stretches of time, suggesting that regulators are typically less flexible and informed than firms. (ii) Regulation is positively related to the incidence offuture
ANDREA ATTAR
YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING Mario Seccareccia is Full Professor at the Department of Economics, University of Ottawa, Ottawa, Ontario, Canada where, since 1978, he has been teaching macroeconomics, monetary theory, labor economics, history of economic thought, and economic history, subjects on which he has also written extensively. He has published over 100 academicJANELLE JONES
YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING YSI Event Workshop YSI | Jun 25–27, 2019. The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy. INSTITUTE FOR NEW ECONOMIC THINKING How a Myth Turns a Man to Stone. Near the end of Parting the Waters, the first book in his trilogy-biography of Martin Luther King Jr, Taylor Branch coronates the living substance of King’s most historically visible moment, speaking before hundreds of thousands of people at the March on Washington for Jobs and Freedom on August 28, 1963.During the half-century following the March, of INSTITUTE FOR NEW ECONOMIC THINKING With support from the Institute for New Economic Thinking, we have recently completed a Working Paper examining the public sector investments by the National Institutes of Health (NIH) that contributed to the new drugs approved by the FDA in the decade 2010-2019. This work, which builds on an earlier study of drugs approved in the first part of INSTITUTE FOR NEW ECONOMIC THINKING With the new B.1.1.7 variant now surging in many parts of the world, variant cases continued to rise with an R=1.45 (compared to an R of only 0.9 for non-B.1.1.7 variants) even during national lockdown while schools were open. R only dropped below 1 – a critical level for controlling the rate of infection – following complete schoolclosures.
INSTITUTE FOR NEW ECONOMIC THINKING YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession. Widespread criticism of elites and their ‘experts ’ raises questions about how economists should perceive their role, and what role societies should give them. INSTITUTE FOR NEW ECONOMIC THINKING An analysis of the lead-lag relations at both the global and individual country level yields the following insights: (i) Corporate scandals are an antecedent to regulation over long stretches of time, suggesting that regulators are typically less flexible and informed than firms. (ii) Regulation is positively related to the incidence offuture
ANDREA ATTAR
YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING Mario Seccareccia is Full Professor at the Department of Economics, University of Ottawa, Ottawa, Ontario, Canada where, since 1978, he has been teaching macroeconomics, monetary theory, labor economics, history of economic thought, and economic history, subjects on which he has also written extensively. He has published over 100 academicJANELLE JONES
YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING YSI Event Workshop YSI | Jun 25–27, 2019. The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy. INSTITUTE FOR NEW ECONOMIC THINKING How a Myth Turns a Man to Stone. Near the end of Parting the Waters, the first book in his trilogy-biography of Martin Luther King Jr, Taylor Branch coronates the living substance of King’s most historically visible moment, speaking before hundreds of thousands of people at the March on Washington for Jobs and Freedom on August 28, 1963.During the half-century following the March, of INSTITUTE FOR NEW ECONOMIC THINKING The stock of external debt of low-income countries rose from $80 billion in 2006 to $160 billion in 2019. Private players contributed to this spike, with the share of private non-guaranteed debt in total external debt stocks of LICs increasing from 3.2% in 2010 to 10% in2019.
INSTITUTE FOR NEW ECONOMIC THINKING Figure 1 On the left is a graph from an earlier study based only on testing symptomatic U.K. patients that seemed to indicate that children aged 0-19 were the least likely to be infected or carriers of the coronavirus. Such symptom-based data from children are still being used to promote the notion of sage school reopening. The graph on the right shows the data from the large scale ONS study INSTITUTE FOR NEW ECONOMIC THINKING Podcast. Economics and Beyond with Rob Johnson, a podcast featuring interviews with some of the world’s most important thinkers, artists, and activists about the pressing issues of our time. INSTITUTE FOR NEW ECONOMIC THINKING 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.ANDREA ATTAR
YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING Cosma Shalizi urges economists to stop doing what they are doing: Fitting large complex models to a small set of highly correlated time series data. Once you add enough variables, parameters, bells and whistles, your model can fit past data very well, and yet fail miserably in the future. Shalizi tells us how to separate the wheatfrom the
INSTITUTE FOR NEW ECONOMIC THINKING The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy. Shaped by the 2008 financial crisis, a new generation of economists is INSTITUTE FOR NEW ECONOMIC THINKING Mason doesn’t think teaching contending economic theories is effective, and sees the objective of introductory economics courses as teaching students basic tools to understand economic terminology and standard relationship between cause and effect. INET Guide to the 2017 EEA Meeting. Event Conference | Feb 23–26, 2017. INSTITUTE FOR NEW ECONOMIC THINKING YSI Event Workshop YSI | Jun 25–27, 2019. The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy. INSTITUTE FOR NEW ECONOMIC THINKINGABOUTRESEARCHPERSPECTIVESEDUCATIONWEBINARSFOR MEDIA Canadian economist Mario Seccareccia, recipient of this year’s John Kenneth Galbraith Prize in Economics, says it’s time to reconsider the idea of full employment. He spoke to Lynn Parramore of the Institute for New Economic Thinking about why 2021 offers a rare opportunity to rebalance the economy in favor of Main Street. By LynnParramore.
INSTITUTE FOR NEW ECONOMIC THINKING With support from the Institute for New Economic Thinking, we have recently completed a Working Paper examining the public sector investments by the National Institutes of Health (NIH) that contributed to the new drugs approved by the FDA in the decade 2010-2019. This work, which builds on an earlier study of drugs approved in the first part of INSTITUTE FOR NEW ECONOMIC THINKING YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
THE UPDATED OKUN METHOD FOR ESTIMATION OF POTENTIAL OUTPUT 2 1. Introduction Assessing the size of the gap between actual and potential output that the pandemic has opened in various economies is a very complex exercise, given the peculiar characteristics of INSTITUTE FOR NEW ECONOMIC THINKING Chrystia Freeland. Member of Parliament , Toronto Centre. Rob Johnson. Institute President. President, Institute for New Economic Thinking. Video. In recent decades, market values have crowded out non- market norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. YSI WEBINAR: WEBINAR WITH ZOLTÁN POZSÁR ABOUT MONEY VIEW This YSI Webinar starts at 14:00, April 6th, 2021. Description: To follow up the "Financial stability in the age of Covid-19" entitled webinar from April 2020 we will call again Zoltán Pozsár from Credit Suisse to listen to his views. Last year's webinar with Zoltan P INSTITUTE FOR NEW ECONOMIC THINKING How a Myth Turns a Man to Stone. Near the end of Parting the Waters, the first book in his trilogy-biography of Martin Luther King Jr, Taylor Branch coronates the living substance of King’s most historically visible moment, speaking before hundreds of thousands of people at the March on Washington for Jobs and Freedom on August 28, 1963.During the half-century following the March, of INSTITUTE FOR NEW ECONOMIC THINKING The 2008 financial meltdown wiped out what was left of the savings of millions of American families, but Professor Edward Wolff says decades of income inequality had set the stage for the collapse of their household wealth. Epstein discusses financial reform, central banking, and how the FED actually contributed to economic inequality. YSI WEBINAR: COVID-19 -EFFECTS ON GENDER GAPS IN EMPLOYMENT This YSI Webinar starts at 13:30, May 15th, 2021. Description: How has the coronavirus affected the gender gap in employment in South Asia-insights by Prof. Sonalde Desai . INSTITUTE FOR NEW ECONOMIC THINKING Sustainability Working Group. According to UNEP, about 50 percent of Africa’s eco-regions have suffered immensely due to degradation, cultivation and urbanization. From the 1.4 billion people worldwide who not have have access to energy, 40 percent reside in Africa. The continent’s development in energy is lagging behind the growth ofits
INSTITUTE FOR NEW ECONOMIC THINKINGABOUTRESEARCHPERSPECTIVESEDUCATIONWEBINARSFOR MEDIA Canadian economist Mario Seccareccia, recipient of this year’s John Kenneth Galbraith Prize in Economics, says it’s time to reconsider the idea of full employment. He spoke to Lynn Parramore of the Institute for New Economic Thinking about why 2021 offers a rare opportunity to rebalance the economy in favor of Main Street. By LynnParramore.
INSTITUTE FOR NEW ECONOMIC THINKING With support from the Institute for New Economic Thinking, we have recently completed a Working Paper examining the public sector investments by the National Institutes of Health (NIH) that contributed to the new drugs approved by the FDA in the decade 2010-2019. This work, which builds on an earlier study of drugs approved in the first part of INSTITUTE FOR NEW ECONOMIC THINKING YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
THE UPDATED OKUN METHOD FOR ESTIMATION OF POTENTIAL OUTPUT 2 1. Introduction Assessing the size of the gap between actual and potential output that the pandemic has opened in various economies is a very complex exercise, given the peculiar characteristics of INSTITUTE FOR NEW ECONOMIC THINKING Chrystia Freeland. Member of Parliament , Toronto Centre. Rob Johnson. Institute President. President, Institute for New Economic Thinking. Video. In recent decades, market values have crowded out non- market norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. YSI WEBINAR: WEBINAR WITH ZOLTÁN POZSÁR ABOUT MONEY VIEW This YSI Webinar starts at 14:00, April 6th, 2021. Description: To follow up the "Financial stability in the age of Covid-19" entitled webinar from April 2020 we will call again Zoltán Pozsár from Credit Suisse to listen to his views. Last year's webinar with Zoltan P INSTITUTE FOR NEW ECONOMIC THINKING How a Myth Turns a Man to Stone. Near the end of Parting the Waters, the first book in his trilogy-biography of Martin Luther King Jr, Taylor Branch coronates the living substance of King’s most historically visible moment, speaking before hundreds of thousands of people at the March on Washington for Jobs and Freedom on August 28, 1963.During the half-century following the March, of INSTITUTE FOR NEW ECONOMIC THINKING The 2008 financial meltdown wiped out what was left of the savings of millions of American families, but Professor Edward Wolff says decades of income inequality had set the stage for the collapse of their household wealth. Epstein discusses financial reform, central banking, and how the FED actually contributed to economic inequality. YSI WEBINAR: COVID-19 -EFFECTS ON GENDER GAPS IN EMPLOYMENT This YSI Webinar starts at 13:30, May 15th, 2021. Description: How has the coronavirus affected the gender gap in employment in South Asia-insights by Prof. Sonalde Desai . INSTITUTE FOR NEW ECONOMIC THINKING Sustainability Working Group. According to UNEP, about 50 percent of Africa’s eco-regions have suffered immensely due to degradation, cultivation and urbanization. From the 1.4 billion people worldwide who not have have access to energy, 40 percent reside in Africa. The continent’s development in energy is lagging behind the growth ofits
INSTITUTE FOR NEW ECONOMIC THINKING Podcast. Economics and Beyond with Rob Johnson, a podcast featuring interviews with some of the world’s most important thinkers, artists, and activists about the pressing issues of our time. ECONOMICS FOR PEOPLE Special Thanks. INET sincerely thanks the Julis-Rabinowitz Family for their generous support, who named this series to honor the spirit of a great educator and economic thinker, Uwe Reinhardt.. For nearly 50 years, the late Uwe Reinhardt was a beloved economist and professor at Princeton University.Known best for helping to shape critical discourse around healthcare markets, his INSTITUTE FOR NEW ECONOMIC THINKING YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING 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. INSTITUTE FOR NEW ECONOMIC THINKING An analysis of the lead-lag relations at both the global and individual country level yields the following insights: (i) Corporate scandals are an antecedent to regulation over long stretches of time, suggesting that regulators are typically less flexible and informed than firms. (ii) Regulation is positively related to the incidence offuture
INSTITUTE FOR NEW ECONOMIC THINKING Keynesian fiscal policy expansion will benefit the economy in both the short and long run. We argue in our new book, Keynes, Useful Economics for the World Economy, that these recommendations can be seen as inferences from a simple and effective model of the short-run economy. We show how hard it was for Keynes to break away from previous INSTITUTE FOR NEW ECONOMIC THINKING Mario Seccareccia is Full Professor at the Department of Economics, University of Ottawa, Ottawa, Ontario, Canada where, since 1978, he has been teaching macroeconomics, monetary theory, labor economics, history of economic thought, and economic history, subjects on which he has also written extensively. He has published over 100 academic GENDER AND ECONOMICS The gendered division of labour in the market economy and the gender distribution of unpaid work within the households represents a major concern in gender economics so long as it perpetuates a gender stratification of the economy and the society at large. Gender differences in economic outcomes, such sectoral and occupational attainment, relative wage level and gender roles in the household INSTITUTE FOR NEW ECONOMIC THINKING Financial Globalization and its Cryptocurrency Discontents. Proposals for monetary reform, whether mild or radical, are always and everywhere informed by some underlying theory of money. A week ago I spent two days talking with a group of technologists and lawyers–perhaps I should say digital coders and legal coders–and pressed them on thisLYNN PARRAMORE
Lynn Parramore is Senior Research Analyst at the Institute for New Economic Thinking. A cultural theorist who studies the intersection of culture and economics, she is Contributing Editor at AlterNet, where she received the Bill Moyers/Schumann Foundation fellowship in journalism for 2012. She is also a frequent contributor to Reuters, Al INSTITUTE FOR NEW ECONOMIC THINKING With the new B.1.1.7 variant now surging in many parts of the world, variant cases continued to rise with an R=1.45 (compared to an R of only 0.9 for non-B.1.1.7 variants) even during national lockdown while schools were open. R only dropped below 1 – a critical level for controlling the rate of infection – following complete schoolclosures.
INSTITUTE FOR NEW ECONOMIC THINKING With support from the Institute for New Economic Thinking, we have recently completed a Working Paper examining the public sector investments by the National Institutes of Health (NIH) that contributed to the new drugs approved by the FDA in the decade 2010-2019. This work, which builds on an earlier study of drugs approved in the first part of INSTITUTE FOR NEW ECONOMIC THINKING YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession. Widespread criticism of elites and their ‘experts ’ raises questions about how economists should perceive their role, and what role societies should give them.ANDREA ATTAR
YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
JANELLE JONES
YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING The 2008 financial meltdown wiped out what was left of the savings of millions of American families, but Professor Edward Wolff says decades of income inequality had set the stage for the collapse of their household wealth. Epstein discusses financial reform, central banking, and how the FED actually contributed to economic inequality. INSTITUTE FOR NEW ECONOMIC THINKING Mario Seccareccia is Full Professor at the Department of Economics, University of Ottawa, Ottawa, Ontario, Canada where, since 1978, he has been teaching macroeconomics, monetary theory, labor economics, history of economic thought, and economic history, subjects on which he has also written extensively. He has published over 100 academic INSTITUTE FOR NEW ECONOMIC THINKING YSI Event Workshop YSI | Jun 25–27, 2019. The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy. INSTITUTE FOR NEW ECONOMIC THINKING How a Myth Turns a Man to Stone. Near the end of Parting the Waters, the first book in his trilogy-biography of Martin Luther King Jr, Taylor Branch coronates the living substance of King’s most historically visible moment, speaking before hundreds of thousands of people at the March on Washington for Jobs and Freedom on August 28, 1963.During the half-century following the March, of INSTITUTE FOR NEW ECONOMIC THINKING With the new B.1.1.7 variant now surging in many parts of the world, variant cases continued to rise with an R=1.45 (compared to an R of only 0.9 for non-B.1.1.7 variants) even during national lockdown while schools were open. R only dropped below 1 – a critical level for controlling the rate of infection – following complete schoolclosures.
INSTITUTE FOR NEW ECONOMIC THINKING With support from the Institute for New Economic Thinking, we have recently completed a Working Paper examining the public sector investments by the National Institutes of Health (NIH) that contributed to the new drugs approved by the FDA in the decade 2010-2019. This work, which builds on an earlier study of drugs approved in the first part of INSTITUTE FOR NEW ECONOMIC THINKING YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession. Widespread criticism of elites and their ‘experts ’ raises questions about how economists should perceive their role, and what role societies should give them.ANDREA ATTAR
YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
JANELLE JONES
YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING The 2008 financial meltdown wiped out what was left of the savings of millions of American families, but Professor Edward Wolff says decades of income inequality had set the stage for the collapse of their household wealth. Epstein discusses financial reform, central banking, and how the FED actually contributed to economic inequality. INSTITUTE FOR NEW ECONOMIC THINKING Mario Seccareccia is Full Professor at the Department of Economics, University of Ottawa, Ottawa, Ontario, Canada where, since 1978, he has been teaching macroeconomics, monetary theory, labor economics, history of economic thought, and economic history, subjects on which he has also written extensively. He has published over 100 academic INSTITUTE FOR NEW ECONOMIC THINKING YSI Event Workshop YSI | Jun 25–27, 2019. The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy. INSTITUTE FOR NEW ECONOMIC THINKING How a Myth Turns a Man to Stone. Near the end of Parting the Waters, the first book in his trilogy-biography of Martin Luther King Jr, Taylor Branch coronates the living substance of King’s most historically visible moment, speaking before hundreds of thousands of people at the March on Washington for Jobs and Freedom on August 28, 1963.During the half-century following the March, of INSTITUTE FOR NEW ECONOMIC THINKING The stock of external debt of low-income countries rose from $80 billion in 2006 to $160 billion in 2019. Private players contributed to this spike, with the share of private non-guaranteed debt in total external debt stocks of LICs increasing from 3.2% in 2010 to 10% in2019.
INSTITUTE FOR NEW ECONOMIC THINKING Figure 1 On the left is a graph from an earlier study based only on testing symptomatic U.K. patients that seemed to indicate that children aged 0-19 were the least likely to be infected or carriers of the coronavirus. Such symptom-based data from children are still being used to promote the notion of sage school reopening. The graph on the right shows the data from the large scale ONS study INSTITUTE FOR NEW ECONOMIC THINKING INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession. Widespread criticism of elites and their ‘experts ’ raises questions about how economists should perceive their role, and what role societies should give them. INSTITUTE FOR NEW ECONOMIC THINKING YSI. Through the Young Scholars Initiative (YSI), INET provides support to students, young professionals, or others who embrace new and critical ways of thinking about the economy. YSI fosters conversation among those who wish to engage with new economic thinking and connects young scholars to the Institute’s vast network ofeconomists. Topics.
INSTITUTE FOR NEW ECONOMIC THINKING Texas’s electricity market “reforms” made the current crisis inevitable. Lenin, who was a better economist than Rick Perry, once defined communism as “soviet power plus electrification of the whole country.”. Competing with Stalin, the New Deal built dams and strung power lines in America’s backcountry. Lyndon Johnson, then a young INSTITUTE FOR NEW ECONOMIC THINKING The 2008 financial meltdown wiped out what was left of the savings of millions of American families, but Professor Edward Wolff says decades of income inequality had set the stage for the collapse of their household wealth. Epstein discusses financial reform, central banking, and how the FED actually contributed to economic inequality. INSTITUTE FOR NEW ECONOMIC THINKING YSI Event Workshop YSI | Jun 25–27, 2019. The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy. INSTITUTE FOR NEW ECONOMIC THINKING James Morley is Associate Dean (Research) and Professor of Economics in the UNSW Australia Business School. Before moving to Australia in 2010, he was a faculty member at Washington University in St. Louis (1999-2010) and Research Fellow at the Federal Reserve Bank of St.Louis (2004-2010).
INSTITUTE FOR NEW ECONOMIC THINKING The Institute for New Economic Thinking and the Italian Association for the History of Political Economy (STOREP) announce a day and a half of lectures, workshops, and debates held on the 26th and 27th of June, just before the annual STOREP conference, in Siena, Italy. Shaped by the 2008 financial crisis, a new generation of economists is GENDER AND ECONOMICS The gendered division of labour in the market economy and the gender distribution of unpaid work within the households represents a major concern in gender economics so long as it perpetuates a gender stratification of the economy and the society at large. Gender differences in economic outcomes, such sectoral and occupational attainment, relative wage level and gender roles in the householdABOUT THE INSTITUTE
Podcast. Economics and Beyond with Rob Johnson, a podcast featuring interviews with some of the world’s most important thinkers, artists, and activists about the pressing issues of our time. ECONOMICS FOR PEOPLE Special Thanks. INET sincerely thanks the Julis-Rabinowitz Family for their generous support, who named this series to honor the spirit of a great educator and economic thinker, Uwe Reinhardt.. For nearly 50 years, the late Uwe Reinhardt was a beloved economist and professor at Princeton University.Known best for helping to shape critical discourse around healthcare markets, his INSTITUTE FOR NEW ECONOMIC THINKING Amid debates over costs—and profits—from a coronavirus vaccine, a new study shows that taxpayers have been footing the bill for every new drug approved between 2010 and 2019 INSTITUTE FOR NEW ECONOMIC THINKINGZERO SUM GAME ECONOMICSZERO SUM GAME ECONOMICSZERO SUM VIEW0 SUM GAME 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. INSTITUTE FOR NEW ECONOMIC THINKING Kent Janér is a Partner of Brummer & Partners, a Stockholm based private company managing 14bn USD mainly in hedge funds. He serves on the board of B & P subsidiary Nektar, a fixed income/macro hedge fund he cofounded 20 years ago and where he served as its CIO the first 17years.
INSTITUTE FOR NEW ECONOMIC THINKING Mario Seccareccia is Full Professor at the Department of Economics, University of Ottawa, Ottawa, Ontario, Canada where, since 1978, he has been teaching macroeconomics, monetary theory, labor economics, history of economic thought, and economic history, subjects on GENDER AND ECONOMICS The gendered division of labour in the market economy and the gender distribution of unpaid work within the households represents a major concern in gender economics so long as it perpetuates a gender stratification of the economy and the society at large. Gender differences in economic outcomes, such sectoral and occupational attainment, relative wage level and gender roles in the household INSTITUTE FOR NEW ECONOMIC THINKING Orsola Costantini is Senior Economist at the Institute for New Economic Thinking. An alumna of Ghislieri college, she graduated from the University of Pavia in Italy and in 2013 received her Ph.D. in Economics from the same institution. INSTITUTE FOR NEW ECONOMIC THINKING Podcast. Economics and Beyond with Rob Johnson, a podcast featuring interviews with some of the world’s most important thinkers, artists, and activists about the pressing issues of our time. INSTITUTE FOR NEW ECONOMIC THINKING Malcolm H. Wiener is an historian, archeologist, investor, attorney, writer, veteran, and philanthropist. An Aegean prehistorian, he has written extensively on the Eastern Mediterranean world in the BronzeAge.
ABOUT THE INSTITUTE
Podcast. Economics and Beyond with Rob Johnson, a podcast featuring interviews with some of the world’s most important thinkers, artists, and activists about the pressing issues of our time. ECONOMICS FOR PEOPLE Special Thanks. INET sincerely thanks the Julis-Rabinowitz Family for their generous support, who named this series to honor the spirit of a great educator and economic thinker, Uwe Reinhardt.. For nearly 50 years, the late Uwe Reinhardt was a beloved economist and professor at Princeton University.Known best for helping to shape critical discourse around healthcare markets, his INSTITUTE FOR NEW ECONOMIC THINKING Amid debates over costs—and profits—from a coronavirus vaccine, a new study shows that taxpayers have been footing the bill for every new drug approved between 2010 and 2019 INSTITUTE FOR NEW ECONOMIC THINKINGZERO SUM GAME ECONOMICSZERO SUM GAME ECONOMICSZERO SUM VIEW0 SUM GAME 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. INSTITUTE FOR NEW ECONOMIC THINKING Kent Janér is a Partner of Brummer & Partners, a Stockholm based private company managing 14bn USD mainly in hedge funds. He serves on the board of B & P subsidiary Nektar, a fixed income/macro hedge fund he cofounded 20 years ago and where he served as its CIO the first 17years.
INSTITUTE FOR NEW ECONOMIC THINKING Mario Seccareccia is Full Professor at the Department of Economics, University of Ottawa, Ottawa, Ontario, Canada where, since 1978, he has been teaching macroeconomics, monetary theory, labor economics, history of economic thought, and economic history, subjects on GENDER AND ECONOMICS The gendered division of labour in the market economy and the gender distribution of unpaid work within the households represents a major concern in gender economics so long as it perpetuates a gender stratification of the economy and the society at large. Gender differences in economic outcomes, such sectoral and occupational attainment, relative wage level and gender roles in the household INSTITUTE FOR NEW ECONOMIC THINKING Orsola Costantini is Senior Economist at the Institute for New Economic Thinking. An alumna of Ghislieri college, she graduated from the University of Pavia in Italy and in 2013 received her Ph.D. in Economics from the same institution. INSTITUTE FOR NEW ECONOMIC THINKING Podcast. Economics and Beyond with Rob Johnson, a podcast featuring interviews with some of the world’s most important thinkers, artists, and activists about the pressing issues of our time. INSTITUTE FOR NEW ECONOMIC THINKING Malcolm H. Wiener is an historian, archeologist, investor, attorney, writer, veteran, and philanthropist. An Aegean prehistorian, he has written extensively on the Eastern Mediterranean world in the BronzeAge.
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Podcast. Economics and Beyond with Rob Johnson, a podcast featuring interviews with some of the world’s most important thinkers, artists, and activists about the pressing issues of our time. INSTITUTE FOR NEW ECONOMIC THINKING *This paper was presented at the 2018 ASSA Conference, hosted by the American Economics Association.. This violencesits on our backs like oppressive weights. Open letter by Latina farm workers on sexual harassment. Now that the Harvey Weinstein revelations have seared into public consciousness, the country has been thrown into a turbulent process of confronting and rapidly reassessing an INSTITUTE FOR NEW ECONOMIC THINKING Economist Darrick Hamilton and Institute President Rob Johnson discuss “stratification economics”, which addresses the failure of orthodox economics to see, explain and point to remedies for persistent racial inequality. INSTITUTE FOR NEW ECONOMIC THINKING In recent decades, market values have crowded out non- market norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. Without quite realizing it, we have drifted from having a market economy to being a market society. Is this where we want to be? INSTITUTE FOR NEW ECONOMIC THINKING Orsola Costantini is Senior Economist at the Institute for New Economic Thinking. An alumna of Ghislieri college, she graduated from the University of Pavia in Italy and in 2013 received her Ph.D. in Economics from the same institution. INSTITUTE FOR NEW ECONOMIC THINKING Malcolm H. Wiener is an historian, archeologist, investor, attorney, writer, veteran, and philanthropist. An Aegean prehistorian, he has written extensively on the Eastern Mediterranean world in the BronzeAge.
YOUNG SCHOLARS INITIATIVE The Young Scholars Initiative is a community of students, young professionals, and researchers from across the globe pursuing new and critical ways of thinking about the economy. INSTITUTE FOR NEW ECONOMIC THINKING Servaas Storm wrote the below commentary in response to several of the papers presented at INET’s Secular Stagnation conference in December 2017. Introduction. Nine years after the Great Financial Crisis, U.S. output growth has not returned to its pre-recession trend, even after interest rates hit the ‘zero lower bound’ (ZLB) and the unconventional monetary policy arsenal of the Federal INSTITUTE FOR NEW ECONOMIC THINKING How a Myth Turns a Man to Stone. Near the end of Parting the Waters, the first book in his trilogy-biography of Martin Luther King Jr, Taylor Branch coronates the living substance of King’s most historically visible moment, speaking before hundreds of thousands of people at the March on Washington for Jobs and Freedom on August 28, 1963.During the half-century following the March, of INSTITUTE FOR NEW ECONOMIC THINKING The modern world economy materialized in the mountain air of Bretton Woods, New Hampshire, in July 1944. Three weeks after the D-Day landings on the beaches of Normandy, delegates from forty-four Allied countries gathered at the Mount Washington Hotel to devise institutions meant to foster multilateral cooperation, financial stability and postwar economic reconstruction.Facebook Twitter
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INET AT THE TRENTO ECONOMICS FESTIVAL Join INET at the Trento Economics Festival onlineFEATURED __ __
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Prisoner of Love: Intersectional Political Economy Why do patriarchal systems survive? What is missing in how economics relates to the concepts of identity and power? Featuring Nancy Folbre and Jayati Ghosh_ _ Article | Labor
Top Economist: As Pandemic Recedes, a Chance to Rethink Unemployment Canadian economist Mario Seccareccia, recipient of this year’s John Kenneth Galbraith Prize in Economics, says it’s time to reconsider the idea of full employment. He spoke to Lynn Parramore of the Institute for New Economic Thinking about why 2021 offers a rare opportunity to rebalance the economy in favor of Main Street.By Lynn Parramore
_ _ Article | History , Inequality & Distribution, Race
How Greedy Corporations Turn the Black American Dream into a Nightmare The plight of white blue-collar workers is well-known, but Blacks in that category were feeling the squeeze long before their whitecounterparts.
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_ _ Article | Macroeconomics SLACK IN THE ECONOMY, NOT INFLATION, SHOULD BE BIGGER WORRY Despite fear-mongering about the latest Consumer Price Index, unemployment remains elevated and stimulus is needed to prevent acollapse in demand
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HIJACKED AND PAYING THE PRICE - WHY RANSOMWARE GANGS SHOULD BE DESIGNATED AS TERRORISTSBy Melissa Hathaway
_ _ Article | Environment WHY CARBON PRICING AND ELECTRIC VEHICLES WON'T AVERT CLIMATE CRISISBy Gregory Wilpert
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THE UNMAKING OF THE BLACK BLUE-COLLAR MIDDLE CLASS How once-promising Black upward mobility reversed course, and what canbe done about it
By William Lazonick , Philip Moss, and Joshua Weitz
_ _ Working Paper | Macroeconomics THE UPDATED OKUN METHOD FOR ESTIMATION OF POTENTIAL OUTPUT WITH BROAD MEASURES OF LABOR UNDERUTILIZATION: AN EMPIRICAL ANALYSIS Despite fear-mongering about the latest Consumer Price Index, unemployment remains elevated and stimulus is needed to prevent acollapse in demand
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Analyzing corporate conference calls reveals the way that countries perceive and spread risk through the global financial system By Tarek Alexander Hassan , Jesse Schreger, Markus Schwedeler
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_ _ Working Paper | Macroeconomics ON THE NON-INFLATIONARY EFFECTS OF LONG-TERM UNEMPLOYMENT REDUCTIONS Contrary to the New Keynesian paradigm, long-term unemployment can be reversed without a significant uptick in inflation By Walter Paternesi Meloni , Davide Romaniello , and AntonellaStirati
_ _ Working Paper | Labor US EMPLOYMENT INEQUALITY IN THE GREAT RECESSION AND THE COVID-19PANDEMIC
Unlike the Great Recession, the pandemic has hit women workers harder than men, and disproportionately hurt the job prospects of lowereducation workers
By Steven Fazzari and Ella Needler _ _ Working Paper | Government & Politics THE LONG SEARCH FOR STABILITY: FINANCIAL COOPERATION TO ADDRESS GLOBAL RISKS IN THE EAST ASIAN REGION The People’s Bank of China’s network of local currency swap arrangements provide Asian countries with a much-needed safety net, while also strengthening China’s diplomatic position By C.P. Chandrasekhar WEBINARS AND EVENTS __ __May 31, 2021
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Commissioner for International Partnerships, European Commission,Rohinton P. Medhora
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_ _ Webinars and Events DEBT TALKS EPISODE 7 | THE CASE FOR HOUSEHOLD DEBT RELIEF Large-sale debt relief for indebted households could be a gamechanger.
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_ _ Webinars and Events THE FUTURE OF WORK | ECONOMIC AND SOCIAL POLICIES FOR THE DIGITAL ERA Given the mounting need to create good jobs, effect structural change, and transform the economy, what should policy priorities be in the digital era? Is there a role for industrial policy? What new policy options do we need to achieve inclusive prosperity?Jan 19, 2021
_ _ Webinars and Events THE FUTURE OF WORK | MAKING TECHNOLOGIES WORK FOR ALL What are the choices we must make to ensure technology empowers, augments, rewards, and respects the majority, not the few, given its increasing defining role in future economies and societies?Jan 12, 2021
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