We support dynamic research that can help solve the great economic and social challenges of the 21st century. INET鈥檚 research is interdisciplinary, incorporating concepts from history, political science, and the humanities.
Working Papers
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Working Paper
Historical American Political Finance Data at the National Archives: A Preface to the INET Edition
Sep 2025
INET鈥檚 new data archive of historical political finance records at the National Archives marks a major step toward filling this factual void. This INET Working Paper outlines what users need to know to navigate the archive effectively and locate the data they require.
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Working Paper
How Western states keep the lead in the World Bank: Multipolarity, Geopolitics and the World Bank鈥檚 Conflicted Attempts at Shareholding Reform
Sep 2025
This paper examines the World Bank鈥檚 protracted and conflicted attempts at shareholding reform from 2008 to the present, situating them within the broader context of multipolarity and intensifying geopolitical rivalries.
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Working Paper
The AI Bubble and the U.S. Economy: How Long Do 鈥楬allucinations鈥 Last?
Sep 2025
This paper argues that (i) we have reached 鈥減eak GenAI鈥 in terms of current Large Language Models (LLMs); scaling (building more data centers and using more chips) will not take us further to the goal of 鈥淎rtificial General Intelligence鈥 (AGI); returns are diminishing rapidly; (ii) the AI-LLM industry and the larger U.S. economy are experiencing a speculative bubble, which is about to burst.
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Working Paper
The Flawed Welfare Foundations of Pro-Free Trade Arguments
Sep 2025
The argument that free trade is always the correct policy is based on a flawed welfare analysis. Free trade results in winners and losers and economists are not competent to analyze the impact on well-being as a whole or the spillover social consequences of the discontent of the losers.
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Working Paper
Engendering Pluralism in Economics: Gendered Perspectives from an International Survey of Economists
Aug 2025
How women economists expand orientations and perspectives that can transform economics into a pluralistic, critically engaged, and socially responsive discipline.
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Working Paper
Is Fedwire Still a Subsidy That Fully Recovers Its Cost?
Jul 2025
The Federal Reserve is experiencing something new in its history: sustained and sizable operating losses. These losses—currently running at more than $100 billion a year on an annualized basis—stem largely from the sharp rise in short-term interest rates, which has increased the interest the Fed pays on bank reserves while the income from its long-term securities portfolio remains comparatively low.
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Working Paper
Inflationary Inertia as a Result of Unfulfilled Aspirations
Jul 2025
How inflationary inertia, driven by distributional conflict, disrupts the economy鈥檚 path to an effective demand equilibrium.
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Working Paper
AI, Antitrust & Privacy
Jul 2025
We typically view competition as a positive force that lowers prices, improves quality and service, and increases variety. However, competition can sometimes be toxic.
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Working Paper
Kalecki and the Stucturalist View of Economic Development
Jun 2025
Kalecki challenged the structuralist view by pointing to the internal social class barriers to development, and the need to assure supplies of basic wage goods in order to avoid inflationary pressures that could derail the development process.
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Working Paper
Steering Technological Progress
May 2025
We need a dual approach to AI: steer technology in the short term while building new systems for the long term.
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Working Paper
European Natural Gas through the 2020s: the Decade of Extremes, Contradictions and Continuing Uncertainties
May 2025
This paper examines in detail the interrelationships between the EU鈥檚 concerns, its energy policies, and the resulting challenges and uncertainties facing European gas through the rest of the decade, and beyond.
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Working Paper
Antitrust鈥檚 Normative Economic Theory Needs a Reboot
Dec 2024
Welfare economists and moral philosophers have shown that the Consumer Welfare Standard is biased in favor of wealthy individuals and corporations—the very powers the antitrust law is supposed to regulate.
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Working Paper
Hitler and the German Coal Industrialists: Passing the Keys to A Kingdom
Nov 2024
The history of the political relations between Hitler and the NSDAP leadership and the German “coal industrialists” from 1926 to 1933
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Woking Paper
Macroeconomic Modeling in the Anthropocene
Oct 2024
Why the E-DSGE Framework Is Not Fit for Purpose and What to Do 51黑料网 It
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Working Paper
Concentrating Intelligence: Scaling and Market Structure in Artificial Intelligence
Oct 2024
The decisions we make now about the governance of AI will have profound implications for the future of our economy and society.