Warren Mosler: What Modern Monetary Theory Tells Us About Economic Policy New Economic Thinking 2024-10-23 | Warren Mosler: What Modern Monetary Theory Tells Us About Economic Policy
Crime vs. Class: Unveiling the U.S. Prison System New Economic Thinking 2023-09-06 | "The US incarcerates more of its own people, than any country on the planet, in any time in history."Professor Geert Dhondt (John Jay College of Criminal Justice) discusses the intricate landscape of crime, incarceration, and how the prison system has reinforced class divides throughout American history. Drawing comparisons with international standards and historical context, Dhondt's comprehensive examination unpacks startling statistics—shedding light on the vast racial disparities, and the ways in which neoliberal capitalism has shaped America's prison institutions.
Economics Isnt Settled New Economic Thinking 2023-08-30 | Why is the History of Economic Thought important?Join Goncalo Fonseca, the mastermind behind the "HET Website", as he delves into the oft-overlooked importance of studying economics from a historical lens. As modern teaching gravitates towards linear models, Fonseca emphasizes the value of understanding the dynamic and complex journey of economic theories and principles over time. He stresses the significance of breadth over depth, urging a return to holistic thinking and productive debate. A rich and open world of economics awaits:hetwebsite.net
What Is to Be Done? | The Economics of Childhood Episode 6 New Economic Thinking 2023-08-23 | What policies–past, present, and future–make our society more equal and increase mobility? How can we do better?Professor Durlauf takes on the penultimate question of all policymakers: “What is to be done?” He closely examines the outcomes of the following four proposed actions to illustrate why policies matter in understanding and shaping mobility:-The Earned Income Tax Credit-Early childhood investment-Criminal Justice Reform-Associational RedistributionProfessor Durlauf presents the difficulty of assessing and determining the effectiveness of policies that target mobility, which is, public policies have been extremely impactful in increasing mobility, but there is still much work to do. In particular, he ends the series with a powerful defense of Affirmative Action as a successful Associational Redistribution policy that directly, and positively impacted mobility. Thus, providing an empirical defense that goes against the latest decision by the Supreme Court.Learn more at http://economicsofchildhood.org
Social Mechanisms | The Economics of Childhood Episode 5 New Economic Thinking 2023-08-16 | What is the Memberships Theory of Inequality?In this fifth episode of #EconomicsOfChildhood, Professor Durlauf defines his preferred theory when thinking about mobility. The Memberships Theory of Inequality is the idea that an individuals’ beliefs, preferences, and opportunities are conditioned by their membership to different social identities (ethnicity, gender, religion, etc.). Then, over time, memberships evolve in response to interactions with one another. Finally, what results is persistent inequality and poverty for individuals in some membership groups and not in others. In other words, economic segregation is the key determinant to persistent inequality, and economic inequality generates further segregation. Overall, the three key takeaways from Durlauf’s Memberships Theory of Inequality are: 1) Social outcomes are determined by beliefs, preferences & opportunities2) These factors provide the conditions of economic segregation3) The interaction between one and twoLearn more at http://economicsofchildhood.org
Family Mechanisms | The Economics of Childhood Episode 4 New Economic Thinking 2023-08-09 | In this fourth episode of #EconomicsOfChildhood, Professor Durlauf talks about the importance of family dynamics when it comes to mobility, and how one's parents impact their own lifetime income. Starting with the famous Heckman Curve, he shows the transition of thought when it comes to how economists think about the influence of parent's income on a child’s lifetime income. For this reason, he then discusses how family mechanisms impact a child's cognitive and non-cognitive skills, which is another key predictor for a person’s future income earnings. Finally, Durlauf addresses a deeply moral and ethical question that economists usually assume away, the concept of genetics. While everyone has their own, unique genetic background, any analysis that claims any group differences are explained by genetic differences with respect to income and wealth is both intellectually, and morally unserious. The four final takeaways for you to think about when it comes to the influence of parents' income on a child’s lifetime income are: 1) Parental incomes matter; 2) Parental wealth matters; 3) Genetic components matter less; 4) Race is a determinant intergenerational status. Learn more at http://economicsofchildhood.org
Measuring Mobility | The Economics of Childhood Episode 3 New Economic Thinking 2023-08-02 | Are we a product of our childhood experiences? What determines our adult outcomes? In this third episode of #EconomicsOfChildhood, Professor Durlauf explains the challenges faced in attempting to measure mobility and the equality of opportunity. While introducing the concepts of absolute and relative status within mobility statistics he explains the go-to measure of mobility: the intergenerational elasticity of income. Challenging the permanent income hypothesis, Durlauf shows how economics can come to different conclusions about income inequality depending on if the researcher uses a linear or non-linear model. To wrap up the episode, he talks about how researchers can use principles like Markov Chains, to get a better understanding of a person’s social position and life trajectory.Learn more at http://economicsofchildhood.org
How to Pay Attention in a Turbulent Distracted World New Economic Thinking 2023-07-28 | In a world that increasingly promotes distraction and isolation, the ability to pay attention to each other has become ever more important. Philosopher Christian Madsbjerg talks to Rob about his new book, Look, which outlines how we can recapture our ability to pay attention. Find the book: penguinrandomhouse.com/books/712956/look-by-christian-madsbjerg
The Importance of Mobility in Societies | The Economics of Childhood Episode 2 New Economic Thinking 2023-07-26 | In this second episode of #EconomicsOfChildhood, Professor Steven Durlauf addresses the more philosophical aspects of mobility, like fairness and what people deserve. This lecture reminds us that behind all the mathematics and models there is a philosophical question of fairness that economists should consider when analyzing mobility. After supporting the philosophical argument with empirical evidence, he leaves the audience with three key arguments why society should care about mobility: 1. The general well-being of people, 2. That by addressing lack of mobility we also address injustices, and 3. Societies are more productive when they are more mobile.Learn more at http://economicsofchildhood.org
What is Mobility? | The Economics of Childhood Episode 1 New Economic Thinking 2023-07-19 | And more importantly, "mobility for who?" In this first lecture of #EconomicsOfChildhood Professor Durlauf introduces the economics of mobility and gives an overview of why economics studies the inequality of opportunity. Using the United States as the primary example in the series, he provides the historical and current evidence of how economics identifies the inequality of opportunity and income inequality in general. He reminds us of the two different lenses scholars can examine mobility, intergenerationally (comparing parents to their children) and intragenerationally (social movements throughout one’s lifeline). Overall, he advocates the important concept of “education as steppingstone” when thinking about mobility.Learn more at http://economicsofchildhood.org
The Economics of Childhood | Trailer New Economic Thinking 2023-07-19 | If we can measure mobility, we can raise a better society.In this six-part series, Professor Steven Durlauf @UChicago @HarrisPublicPolicy leads us on a powerful analysis on the #EconomicsOfChildhood, with particular focus on the question of generational mobility.Learn more at http://economicsofchildhood.org
Background Is Not Destiny [Steven Durlauf] New Economic Thinking 2023-07-12 | Healthcare matters.Education matters.Loan forgiveness matters.Earned income tax credit matters.Affirmative action matters mattered.In this episode of INET Animates, Steven Durlauf (@HarrisPublicPolicy @UChicago) explores the societal structures that influence upward mobility and wealth inequality.Produced by Matthew Kulvicki & Nick Alpha
Dependency Theory & the Decolonization of Economics New Economic Thinking 2023-07-05 | Rethink global economics with Ingrid Harvold Kvangraven (@kingscollegelondon) as she delves into the Eurocentric nature of the field and the role dependency theory could play in decolonizing it.Learn more about her work at ingridhk.com
Solidarity Economics New Economic Thinking 2023-06-28 | How do we transform societal structures and pave the way to economic democracy?Professor Jessica Gordon Nembhard (@JohnJayCollegeCUNY) explores the potential of cooperatives and solidarity economics as pathways towards economic democracy and justice. Drawing on historical examples from the civil rights movement and the Knights of Labor in the 1880s, Nembhard demonstrates how cooperative economics can counteract the exploitation inherent in capitalist systems. She underlines the importance of communal ownership and shared decision-making as mechanisms for wealth redistribution, arguing that such models can liberate communities from economic exploitation. In this alternative approach, power inequities are challenged, and economics becomes a system where everyone can participate and benefit, realizing possibilities through pooled resources and collective action.Learn more about her work at https://www.jjay.cuny.edu/faculty/jessica-gordon-nembhard
Unmasking Inflation: Why the Conventional Wisdom is Failing Us New Economic Thinking 2023-06-21 | Dive into the complexity of inflation and its impacts from a heterodox perspective, exploring its historical journey, social implications, and potential remedies.Professor Matías Vernengo (@BucknellU) navigates the complex topic of inflation, discussing its implications on workers, and the economic policies that can potentially mitigate these effects. He explains the inflation of the 1970s and compares it to the more recent inflationary scenario provoked by global events. Vernengo evaluates the mainstream explanations - demand-pull and cost-push theories - and presents an alternative, heterodox explanation that views inflation as a result of distributive conflict and corporate power. While he acknowledges the role of corporations, he emphasizes that it's the effects of inflation, primarily on workers' real wages, that require addressing. He argues that the best policy would be to compensate workers for these effects. Vernengo's analysis covers not just the American context, but also examines inflation in peripheral economies like Argentina and Turkey, identifying a link to exchange rates. He also critiques the "one-size-fits-all" theory approach to understanding inflation, underscoring the need for a heterodox economics perspective that could offer more nuanced insights and potential solutions.Learn more about his work at https://www.bucknell.edu/fac-staff/matias-vernengo
The Shamans Call: Finding Your Inner Voice New Economic Thinking 2023-06-14 | Steven Herrmann engages in a wide-ranging conversation with Rob Johnson about finding one's calling, the poet William Everson, and the importance of dreams.Herrmann is a Jungian psychoanalyst and author of the books, "William James and C. G. Jung" and of "William Everson: The Shaman’s Call", among others.Learn more at stevenherrmann.comRobinson Jeffers on Moral Beauty, the Interconnectedness of the Universe, and the Key to Peace of Mind by Maria Popova, as referenced in the discussion: themarginalian.org/2019/06/03/robinson-jeffers-sister-mary-james-power
The Debt Puzzle New Economic Thinking 2023-06-07 | How do governments accumulate such high levels of debt without constant major crises? Who is paying the price?In this interview Ricardo Reis (@theLondonSchoolofEconomics) challenges conventional thinking on debt sustainability and raises important considerations for the future. He explains that governments can sell debt at lower interest rates, which provides a "debt revenue" and allows them to borrow large amounts without dire consequences. However, he also highlights potential risks for future debt sustainability, such as high inflation. Reis explores the trade-offs in financial regulation and the impact on the demand for government bonds.Find a copy of his latest book "A Crash Course on Crises: Macroeconomic Concepts for Run-Ups, Collapses, and Recoveries" at https://press.princeton.edu/books/hardcover/9780691221106/a-crash-course-on-crisesWith alarming frequency, modern economies go through macro-financial crashes that arise from the financial sector and spread to the broader economy, inflicting deep and prolonged recessions. A Crash Course on Crises brings together the latest cutting-edge economic research to identify the seeds of these crashes, reveal their triggers and consequences, and explain what policymakers can do about them.Each of the book’s ten self-contained chapters introduces readers to a key economic force and provides case studies that illustrate how that force was dominant. Markus Brunnermeier and Ricardo Reis show how the run-up phase of a crisis often occurs in ways that are preventable but that may go unnoticed and discuss how debt contracts, banks, and a search for safety can act as triggers and amplifiers that drive the economy to crash. Brunnermeier and Reis then explain how monetary, fiscal, and exchange-rate policies can respond to crises and prevent them from becoming persistent.With case studies ranging from Chile in the 1970s to the COVID-19 pandemic, A Crash Course on Crises synthesizes a vast literature into ten simple, accessible ideas and illuminates these concepts using novel diagrams and a clear analytical framework.Learn more about his work at lse.ac.uk/economics/people/faculty/ricardo-reis
Advice for a Changing World New Economic Thinking 2023-05-31 | Sandra Navidi shares some of the lessons from her books, and what can be done today for a better tomorrow.[LEARN MORE]Sandra Navidi is the Founder and CEO of Beyond Global (http://www.beyond-global.com), where she provides strategic advisory services. She is also the co-host of the n-tv business podcast "Biz & Beyond" and in her acclaimed Meet your Master class, she provides career advice. Ms. Navidi is a member of The Center on Capitalism and Society, Columbia University, which counts numerous Nobel laureates among its members, and one of LinkedIn’s official Executive Blue Badge Top Voices. She is a frequent expert media commentator on geo-economic issues and has been featured on CNN, CNBC, Fox Business, C-SPAN, Aljazeera, in the New York Times, Financial Times, The Guardian, Business Insider, Politico, Daily Beast, Vogue, Elle, Bazaar, Cosmopolitan and in numerous international documentaries. In addition, she is an experienced key-note speaker, presenting in English and German.Her bestselling and influential work includes:$uperHubs: How the Financial Elite and their Networks Rule Our World (2016)Das Future-Proof Mindset (2021)Future IQ: Your Success Strategies in the Age of Artificial Intelligence (2022)Die DNA der USA: Wie tickt Amerika (2022)For more information and translations of Sandra’s thrilling work, explore docs.google.com/document/d/1Xe56iPbEDw5rWPZIHDUYJEYRccO3MTXv4rAf7mTg9G0/edit?usp=sharing
How Economists Cause Harm (Even as They Aspire to Do Good) New Economic Thinking 2023-05-24 | Why do economists avoid ethics, and over-simplify harm? George F. DeMartino (@uofdenver) dives into the work behind his new book "The Tragic Science" and how economics can do better.Learn more: georgedemartino.comABOUT THE BOOKA forceful critique of the social science that has ruled—and damaged—the modern world. The practice of economics, as economists will tell you, is a powerful force for good. Economists are the guardians of the world’s economies and financial systems. The applications of economic theory can alleviate poverty, reduce disease, and promote sustainability. While this narrative has been successfully propagated by economists, it belies a more challenging truth: economic interventions, including those economists deem successful, also cause harm. Sometimes the harm is manageable and short-lived. But just as often the harm is deep, enduring, and even irreparable. And too often the harm falls on those least able to survive it. In The Tragic Science, George F. DeMartino says what economists have too long repressed: that economists do great harm even as they aspire to do good. Economist-induced harm, DeMartino shows, results in part from economists’ “irreparable ignorance”—from the fact that they know far less than they tend to believe they know—and from disciplinary training that treats the human tolls of economic policies and interventions as simply the costs of promoting social betterment. DeMartino details the complicated nature of economic harm, explores economists’ frequent failure to recognize it, and makes a sobering case for professional humility and for genuine respect for those who stand to be harmed by economists’ practice.At a moment in history when the economics profession holds enormous power, DeMartino’s work demonstrates the downside of its influence and the responsibility facing those who practice the tragic science.@universityofchicagopress958
Our Thousand-Year Struggle over Technology and Prosperity New Economic Thinking 2023-05-17 | How is technology reshaping our society, and what can we do to make sure these changes are positive for more than a minority?Simon Johnson discusses #PowerAndProgress, a new book co-authored with Daron Acemoglu.Find a copy & learn more: https://shapingwork.mit.edu/power-and-progress/A thousand years of history and contemporary evidence make one thing clear. Progress depends on the choices we make about technology. New ways of organizing production and communication can either serve the narrow interests of an elite or become the foundation for widespread prosperity.The wealth generated by technological improvements in agriculture during the European Middle Ages was captured by the nobility and used to build grand cathedrals while peasants remained on the edge of starvation. The first hundred years of industrialization in England delivered stagnant incomes for working people. And throughout the world today, digital technologies and artificial intelligence undermine jobs and democracy through excessive automation, massive data collection, and intrusive surveillance.It doesn’t have to be this way. Power and Progress demonstrates that the path of technology was once—and may again be—brought under control. The tremendous computing advances of the last half century can become empowering and democratizing tools, but not if all major decisions remain in the hands of a few hubristic tech leaders.With their breakthrough economic theory and manifesto for a better society, Acemoglu and Johnson provide the vision needed to reshape how we innovate and who really gains from technological advances.@mit @MITSloanbiz @miteconomicsdepartment6806
How Kids Are Left Behind New Economic Thinking 2023-05-10 | What's really causing inequality in opportunities and outcomes for children?Steven Durlauf (@UChicago) talks about his work and the need for an interdisciplinary approach to tackle these persistent social inequities.Learn more at https://harris.uchicago.edu/directory/steven-durlauf
Plunder: Private Equitys Plan to Pillage America New Economic Thinking 2023-05-03 | Brendan Ballou discusses the growing harmful role of private equity in the US, and his forthcoming book. Ballou is a federal prosecutor and served as Special Counsel for Private Equity in the Justice Department’s Antitrust Division.Learn more and find the book at plunderthebook.com
New Economic Thinking: The Series New Economic Thinking 2023-04-19 | OK, but why? This is the question we ask daily at INET. We sit down with experts from around the world to find out what they think, since sometimes it's the simplest questions that have the most important answers. Watch our series New Economic Thinking and learn more atyoutube.com/neweconomicthinking
Basic Income: Poverty v. Power New Economic Thinking 2023-04-12 | Daniel Zamora Vargas (@ULBruxelles) discusses his new book "Welfare for Markets: A Global History of Basic Income" co-authored with Anton Jäger (@kuleuven).Learn more: https://press.uchicago.edu/ucp/books/book/chicago/W/bo193189363.htmlA sweeping intellectual history of the welfare state’s policy-in-waiting.The idea of a government paying its citizens to keep them out of poverty—now known as basic income—is hardly new. Often dated as far back as ancient Rome, basic income’s modern conception truly emerged in the late nineteenth century. Yet as one of today’s most controversial proposals, it draws supporters from across the political spectrum.In this eye-opening work, Anton Jäger and Daniel Zamora Vargas trace basic income from its rise in American and British policy debates following periods of economic tumult to its modern relationship with technopopulist figures in Silicon Valley. They chronicle how the idea first arose in the United States and Europe as a market-friendly alternative to the postwar welfare state and how interest in the policy has grown in the wake of the 2008 credit crisis and COVID-19 crash.An incisive, comprehensive history, Welfare for Markets tells the story of how a fringe idea conceived in economics seminars went global, revealing the most significant shift in political culture since the end of the Cold War. @universityofchicagopress958
Basic Income: A Global History New Economic Thinking 2023-04-05 | Anton Jäger (@kuleuven) discusses his new book "Welfare for Markets: A Global History of Basic Income" co-authored with Daniel Zamora Vargas (@ULBruxelles).Learn more: https://press.uchicago.edu/ucp/books/book/chicago/W/bo193189363.htmlA sweeping intellectual history of the welfare state’s policy-in-waiting.The idea of a government paying its citizens to keep them out of poverty—now known as basic income—is hardly new. Often dated as far back as ancient Rome, basic income’s modern conception truly emerged in the late nineteenth century. Yet as one of today’s most controversial proposals, it draws supporters from across the political spectrum.In this eye-opening work, Anton Jäger and Daniel Zamora Vargas trace basic income from its rise in American and British policy debates following periods of economic tumult to its modern relationship with technopopulist figures in Silicon Valley. They chronicle how the idea first arose in the United States and Europe as a market-friendly alternative to the postwar welfare state and how interest in the policy has grown in the wake of the 2008 credit crisis and COVID-19 crash.An incisive, comprehensive history, Welfare for Markets tells the story of how a fringe idea conceived in economics seminars went global, revealing the most significant shift in political culture since the end of the Cold War.@universityofchicagopress958
Underwriters of the United States New Economic Thinking 2023-03-29 | Hannah Farber (@columbia) discusses her book and explains how the insurance business and the United States discovered that they were good for one another. Learn more about her workhttps://history.columbia.edu/person/farber-hannah/Pick up a copy of "Underwriters of the United States"uncpress.org/book/9781469663630/underwriters-of-the-united-statesUnassuming but formidable, American maritime insurers used their position at the pinnacle of global trade to shape the new nation. The international information they gathered and the capital they generated enabled them to play central roles in state building and economic development. During the Revolution, they helped the U.S. negotiate foreign loans, sell state debts, and establish a single national bank. Afterward, they increased their influence by lending money to the federal government and to its citizens. Even as federal and state governments began to encroach on their domain, maritime insurers adapted, preserving their autonomy and authority through extensive involvement in the formation of commercial law. Leveraging their claims to unmatched expertise, they operated free from government interference while simultaneously embedding themselves into the nation’s institutional fabric. By the early nineteenth century, insurers were no longer just risk assessors. They were nation builders and market makers.Deeply and imaginatively researched, Underwriters of the United States uses marine insurers to reveal a startlingly original story of risk, money, and power in the founding era.
The Big Myth of Market Fundamentalism New Economic Thinking 2023-03-22 | Historians Naomi Oreskes (@harvard) and Erik Conway (@caltech) talk to Rob about their just released book, The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market.Find the book: harvard.com/book/the_big_myth
Who Is Friedrich Hayek? New Economic Thinking 2023-03-15 | Bruce Caldwell has spent the last several decades investigating the nuances of the life and legacy of this great mind. In this episode he shares some of the key insights he has learned along the way, what is often misunderstood, and what Hayek can still teach us as we confront today's social challenges.Caldwell serves as the general editor of the collected works of Hayek, is Director of the Center for the History of Political Economy and Research Professor of Economics at @dukeuniversityHis latest book, "Mont Pèlerin 1947" is available now: amazon.com/Mont-P%C3%A8lerin-1947-Transcripts-Founding/dp/0817924841Learn more about Professor Caldwell: https://scholars.duke.edu/person/bruce.caldwell
The Global Role of the Dollar New Economic Thinking 2023-03-08 | INET Grantee & Academic Advisor Perry Mehrling talks about his new book "Money and Empire: Charles P. Kindleberger and the Dollar System" cambridge.org/us/academic/subjects/economics/macroeconomics-and-monetary-economics/money-and-empire-charles-p-kindleberger-and-dollar-systemABOUT THE BOOKCharles Kindleberger ranks as one of the twentieth century's best known and most influential international economists. This book traces the evolution of his thinking in the context of a 'key-currency' approach to the rise of the dollar system, here revealed as the indispensable framework for global economic development since World War II. Unlike most of his colleagues, Kindleberger was deeply interested in history, and his economics brimmed with real people and institutional details. His research at the New York Fed and BIS during the Great Depression, his wartime intelligence work, and his role in administering the Marshall Plan gave him deep insight into how the international financial system really operated. A biography of both the dollar and a man, this book is also the story of the development of ideas about how money works. It throws revealing light on the underlying economic forces and political obstacles shaping our globalized world.-Provides a history of international finance as a set of evolving institutions and evolving theories about how the system works-Provides a practitioner's eye view of central banking (1936–1942), war and reconstruction (1942–1948), contrasting with the more common top-down history-Provides a key-currency account of the rise of the dollar system, contrasting with the more common myth of multilateralism at Bretton Woods
The Golden Age of Fraud in Finance New Economic Thinking 2023-03-03 | Jim Chanos, the president and founder of Kynikos Associates and well-known investment manager talks to Rob about the post-pandemic financial system, which has become more steeped in a casino culture than it has been in a very long time, and whether China's financial situation serves as an example or as a warning.
The End of Laissez-Faire? New Economic Thinking 2023-03-01 | Jamee Moudud (@SarahLawrenceCollege & Journal of Law and Political Economy) discusses the circular relationship of law, politics, and the economy.Learn more about his work, and his upcoming book at: https://www.sarahlawrence.edu/faculty/moudud-jamee-k..html
The Web [Axel Leijonhufvud] New Economic Thinking 2023-02-22 | What is your first association when somebody talks to you about the economy?Axel Leijonhufvud was one of the most creative and perspicacious macroeconomists of the last century. He became famous early in his life for his contention that the Keynesian Economics being taught and understood at that time was a serious misinterpretation of Keynes's ideas. Instead of the emphasis on inflexible wages and prices as being central, Keynes, he argued, was focused on the failure of intertemporal coordination. Taking that challenge into consideration required a different way of looking at the economy and theorizing disequilibrium. As a committed supporter of the history of economic thought, he was singularly aware of the problems of taking a wrong path intellectually--a mistake that could lead to years of misguided work. And indeed, that wrong turn, away from the fertile ground of disequilibrium macroeconomics did occur, as the profession moved away from it to what he may have seen as an academic and theoretical dead end. His latter career was devoted to finding more meaningful and generative foundations for dealing with the deeper issues of macroeconomic and monetary stability. In the last decade of his life he was a founding member of the Institute for New Economic Thinking and a key part of its academic council. In this animation, taken from his speech at the INET plenary in Berlin in 2012, he describes the process by which macroeconomic instability is generated. We invite you to see it and to explore the many other contributions of this true intellectual giant.Read his papers and more in our archive of his work:http://newth.ink/axelProfessor Leijonhufvud speaking at INET Berlin 2012:youtube.com/watch?v=90zLGjQr6joAxel's "Masters Series" interview playlist:youtube.com/playlist?list=PLmtuEaMvhDZbnT7kpLB1ilBhhbWlenPOCProduced by Matthew Kulvicki & Nick Alpha
Survival of the Richest New Economic Thinking 2023-02-20 | Oxfam's Economic Justice Director, Nabil Ahmed, and Oxfam International's Inequality Policy & Advocacy Lead, Max Lawson, discuss their latest Global Inequality Report, which highlights the accelerating pace at which the world's billionaires have increased their wealth exponentially in recent years. They also discuss the ways in which governments can reverse this trend through taxation.Download the report here: oxfamamerica.org/explore/research-publications/survival-of-the-richest
The Rise of Women in China New Economic Thinking 2023-02-15 | Melanie Xue (@theLondonSchoolofEconomics) shares insights from her research into the parallel history of women and the intelligentsia in Chinese society. Learn more at: melaniexue.net
The Crisis of Democratic Capitalism New Economic Thinking 2023-02-10 | Financial Times columnist Martin Wolf discusses his just-released book, The Crisis of Democratic Capitalism, which explores the reasons why Liberal democracy is threatened by authoritarianism and what needs to be done to resurrect democratic capitalism.Learn more about the book: penguinrandomhouse.com/books/554951/the-crisis-of-democratic-capitalism-by-martin-wolf
Unintended Consequences New Economic Thinking 2023-02-08 | The market can't save us.Gary Mongiovi (@StJohnsU) scrutinizes the conflicting messages of our foundational economic/political thinkers, suggesting a little honest perspective could go a long way in terms of getting society back on track.Learn more about Professor Mongiovi and his courses at:https://www.stjohns.edu/academics/faculty/gary-v-mongiovi-phdExplore his prominent research and works by reading: Pierangelo Garegnani, the Classical Surplus Approach and Demand-led Growth: Introduction to the Symposium tandfonline.com/doi/full/10.1080/09538259.2015.1026092Was Keynes a Socialist catalyst-journal.com/2020/03/was-keynes-a-socialistPoking a Hornets’ Nest: The Debate on Democracy in Chainsemerald.com/insight/publication/issn/0743-4154Vulgar economy in Marxian garb: a critique of Temporal Single System Marxism journals.sagepub.com/doi/abs/10.1177/048661340203400401?journalCode=rrpa
The Myths of Venture Capital New Economic Thinking 2023-02-01 | Generosity or greed? The roots and fruits of venture capital might not be what you have been led to believe.Julia Ott (Robert L. Heilbroner Center for Capitalism Studies @thenewschool) pulls back the curtain and shares a preview of her upcoming book "Wealth Over Work: The Origins of Venture Capital, The Return of Inequality, and the Decline of Innovation"Learn more about her work at https://www.newschool.edu/nssr/faculty/Julia-Ott/
Charles P. Kindleberger & the Dollar System New Economic Thinking 2023-01-27 | Boston University economics professor Perry Mehrling discusses his recently released INET book, in collaboration with Cambridge University Press, "Money and Empire," which chronicles the life of Charles P. Kindleberger and how he helped shape the emerging global dollar system.Learn more: ineteconomics.org/research-books/money-and-empire
Inequality Isnt Gender Neutral New Economic Thinking 2023-01-25 | If time is money, then why is it often ignored in relation to inequality and gender?Ajit Zacharias (@levyeconomicsinstitute) discusses his work to improve our understanding of gender in economics, and how we can improve social structures to support all people. Learn more at levyinstitute.org/scholars/ajit-zacharias
Inequality 101 | Trailer New Economic Thinking 2023-01-18 | Recent events are teaching us a lot of hard lessons about inequality, but how did we get here? Branko Milanovic & Arjun Jayadev are helping pull back the curtain with our series #Inequality101.Learn more at http://newth.ink/inequalityInequality, in many ways, may be the biggest question of our times. And yet it is a topic that is still underexplored in conventional economics curricula. In this five-part lecture series, economists Arjun Jayadev (@AzimPremjiUniversity) and Branko Milanovic (@GradCenterCUNY) break down what inequality is, how we measure it, why it exists, and how to address it.
James Crottys advice to a politically active person considering economics New Economic Thinking 2023-01-12 | In 2016 James Crotty (Professor Emeritus, Department of Economics, University of Massachusetts Amherst) sat down with INET for a wide ranging conversation about his life and experiences becoming a professional economist.Learn more at ineteconomics.org/perspectives/blog/james-crotty-and-the-responsibilities-of-the-heterodox
Varieties of the Rat Race: Conspicuous Consumption in the US & Germany New Economic Thinking 2023-01-11 | Why are we still in the rat race? Till van Treeck (@unidue & @thenewschool) shares his insightful research on how Conspicuous Consumption, Working Hours, and Veblen Effects impacts income inequality in Advanced Economies.Explore his role at the University of Duisberg-Essenhttps://imprs.mpifg.de/48961/till-van-treeckPopular Publication: Varieties of Capitalism and growth regimes: the role of income distributionacademic.oup.com/ser/article/20/3/1249/6439212INET Blog Post on the Rate Race and Age of Leisureineteconomics.org/perspectives/blog/getting-out-of-the-rat-race-is-an-age-of-leisure-and-abundance-possibleCheck out his newest publication “Varieties of the rat race: Working hours in the age of abundance”academic.oup.com/ser/advance-article/doi/10.1093/ser/mwac067/6972832?utm_source=advanceaccess&utm_campaign=ser&utm_medium=email
We Were Wrong about Keynes [James Crotty] New Economic Thinking 2023-01-10 | "I discovered that the Keynes that I had been taught was not the right Keynes historically. This is one of the two or three most famous economists in history. So how could we have gotten him so wrong?"In 2016 James Crotty (Professor Emeritus, Department of Economics, University of Massachusetts Amherst) sat down with INET for a wide ranging conversation about his life and experiences becoming a professional economist.Learn more at ineteconomics.org/perspectives/blog/james-crotty-and-the-responsibilities-of-the-heterodox
Training Thinkers New Economic Thinking 2022-12-28 | Will Milberg (Dean @thenewschool) discusses the unique history of The New School for Social Research, and why its traditions are particularly relevant today.Learn more at https://www.newschool.edu/nssr/faculty/William-Milberg/
My Mis-Education in 3 Graphics New Economic Thinking 2022-12-21 | My Mis-Education in 3 Graphics is a document of Mary Filippo’s darkly humorous journey through the mind-boggling constructs of mainstream economics.Filmed introductory economics course lectures and interviews with mainstream economists reveal the enormous rift between the economics textbook models and the filmmaker’s and other critics’ understandings of economic reality.Learn more at: my-mis-education-in-3-graphics.org
My Mis-Education in 3 Graphics [TRAILER] New Economic Thinking 2022-12-21 | This trailer presents fragments from all 3 sections of the new film from Mary Filippo. The first part explores how mainstream economics represents markets, the next is a presentation of their mind boggling model of the firm, and the final section on macroeconomics points at some of the major issues hidden by the models: financial debt and the destruction of the natural world.Learn more at my-mis-education-in-3-graphics.org
The New Economics of Debt and Financial Fragility New Economic Thinking 2022-12-14 | University of Bonn and Sciences Po economics professor Moritz Schularick talks to Rob about the soon-to-be-released book, Leveraged, which he edited based on papers from an INET-sponsored conference. The book takes a close look at what we have learned about the costs and causes of financial fragility since 2008.Learn more at moritzschularick.com
The Misguided Forces Driving Conflict Escalation Between the US & China New Economic Thinking 2022-12-12 | Yale Law School Fellow Stephen Roach, discusses his just-released book, Accidental Conflict. Roach explores how much of the adversarial nationalist rhetoric in both China and the USA is dangerously misguided and more a reflection of each nation’s fears and vulnerabilities than a credible assessment of the risks they face.
Transforming the Code of Capital | The Laws of Capitalism Episode 7 New Economic Thinking 2022-12-07 | Can we reform the legal code?In the series finale, Prof. Pistor reminds us that the legal system is a social resource, but it has been harnessed by private actors to create and accumulate immense private wealth. This has not only produced economic inequality today, but also inequality before the law. Private actors can opt out of jurisdictions, restrict the policy space of governments, and erode democracy.Learn more at http://lawsofcapitalism.org
A Code for the Globe | The Laws of Capitalism Episode 6 New Economic Thinking 2022-11-30 | Laws are national, but international capital transcends borders. Prof. Pistor explains how the domestic law of two hegemons - the United Kingdom and the United States - have become the default legal systems used internationally. Globalization has been made possible by using these two dominant jurisdictions to code a global system for trans-national commerce, finance and corporations. But individual countries may have ceded too much as a result. Pistor uses the example of bilateral investment treaties to explore the tension between democratic sovereignty and globalization. Desirable domestic regulations and protections sought by the democratic process can be hampered by the threat of expensive lawsuits from foreign investors. The freedom of capital movement across borders brings along an alien legal jurisdiction, imposing restrictions on local governments, elevating the private rights of capital above the public interest, and eroding democracy.Learn more at http://lawsofcapitalism.org
The Codemaster | The Laws of Capitalism Episode 5 New Economic Thinking 2022-11-23 | In this episode, Prof. Katharina Pistor explains the role of private lawyers in coding capital.Prof. Pistor explains how Private Attorneys are the masters of the code. Despite the fact that the State and juridical precedent establishes the law, it is private attorneys who find the flaws, loopholes, or inaccuracies in the legal code. She goes through the history of private lawyers in Prussia, France, and their emergence in the American legal system. We find the importance of private lawyers in shaping and molding the legal code over time. She ends the episode by reflecting on the vast amounts of wealth private law firms, and lawyers accumulate today. With a specific reference to the delicate relationship between the UK’s Magic Circle of Firms and Russian Oligarchs.Learn more at http://lawsofcapitalism.org
