Articles
Articles and analyses from the INET community on the key economic questions of our time.
Global Tax Dodging Just One Part of Pfizer’s Corrupt Business Model
Why are we paying for corporate behavior that crushes innovation, cheats taxpayers, cost jobs, and heightens inequality?
Printing Money
The Wesley Clair Mitchell medal : the AEA award that never came to be
Throughout its first 10 years operation, the John Bates Clark medal was constantly challenged. Many young economists found it biased toward theory, and demanded the establishment of a distinct award for applied work.
Want to Grow the Economy? Might Be Time to Unleash the Devil.
Is an ancient financial taboo keeping us from prosperity? Adair Turner, author of a new book on global finance, explains.
The Teaching of Economics
$1.90 Per Day: What Does it Say?
Is the Devil in the Details? Estimating Global Poverty
Economists’ assumptions, even about seemingly “small” matters, make an enormous difference to global poverty estimates but their impact often goes unnoticed, and the choices made have been badly justified. We must stop pretending that the World Bank’s “$1 per day” estimates are at all reliable.
The IMF Worries 51黑料网 EME Corporate Leverage
Hot on the , now comes the IMF Global Financial Stability report, . Yes, a concern, and just in time for the in Peru next week.
Travelling Knowledge and Tools
Why You Shouldn’t Fear China’s Devaluation
If anything, it points to a better managed global financial system and a more resilient Chinese economy.
Feminist Economists Challenge Austerity That Harms Women
Economist Alicia Girón explains why a feminist perspective is crucial to new economic thinking.
Debt-driven Growth: The decade prior to the Great Recession
The recent financial crisis has impressively illustrated the dangers of rapid credit growth in a painful way.
EU refuses to acknowledge mistakes made in Greek bailout
As I write this it would be appear that the Greek crisis is finally coming to an end. In this report I would like to discuss why the negotiations were so fraught and what an agreement actually means. In a nutshell, the EU sought to address matters with the same kinds of measures that had been tried in the past, while Greece argued that doing so would not make things any better—and would in fact make them far worse.
Grexit: The Staggering Cost Of Central Bank Dependence
The ECB has decided to maintain its current level of emergency liquidity to Greece (ECB 2015). By refusing to extend additional emergency liquidity, the ECB has decided that Greece must leave the Eurozone. This may be a legal necessity or a political judgement call, or both. Anyway, it raises a host of unpleasant questions about the treatment of a member country and about the independence of the central bank.