Watch Steve Keen discuss how mainstream economics acts more like a cult than a science, how mathematics has been misused by the economic discipline, and how with the right tools a grad student can make a better economic model than a...

By Marshall Auerback



The philosopher Karl Popper argued that we cannot know empirical truths with absolute c

ertainty.

According to Popper, even scientific laws can't be verified beyond a shadow of a doubt....

In part four of this INET interview, John Kay suggests that economists need to broaden their skill set and reconnect with the humanities and other social sciences. While math is a useful tool, it is not the only language appropriate for...

Economists tend to incentivize conformity over quality, but could pressure from outside groups change that?



INET sits down with Carlo D’Ippoliti, Associate Professor of Economics at Sapienza University of Rome, to talk about...

Hey, thanks for watching. In this episode I explain the limitations of GDP and why it's not the best way to measure standard of living. I talk about GDP per capita, income inequality, the environment, and the shadow economy. Just to...

In the first part of this four-part INET "From the Director's Chair" interview, INET Executive Director Robert Johnson talks with Journal of Post Keynesian Economics co-founder Paul Davidson about Davidson's book The Keynes Solution: The...

Dennis Snower, President, Institut für Weltwirtschaft (Kiel Institute for the World Economy), Kiel speaks on panel, entitled "Which Way Forward: Reflections on Global Turmoil and the Role of Markets, Governments, and Civil Society" at...

In 2006, the Fed asked its macroeconometric model what would happen if house prices dropped by 20%. The model projected the past into the future and said: "Not much." Well, the financial crisis proved it wrong. Meanwhile, DSGE models,...

Health economists study the economic determinants of health. They also analyze how health care resources are utilized and allocated, and how health care policies and quality of care can be improved. In this episode, we discuss what...

Climate change policy is caught in a stalemate between those who fear the environmental consequences of not doing enough and those who fear the economic consequences of overreacting. But controversy over the extent and sources of...

Explore your curiosity in economics in an open and critical community



The Young Scholars Initiative (YSI) is a growing international community comprising thousands of students, young professionals and researchers...

Here are 20 economics jokes for you to enjoy. I found some of them on the interent and some I wrote myself. Let me know in the comments which ones are your favorite. By the way, if you actually get all these jokes you really know your...

The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 3:<b<br/>r/>

What Kind of Theory to Guide Reform and Restructuring of the Financial and <br/>Non-Financial Sectors?

Why we should worry about job quality, not quantity—or robot overlords.
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Amid widespread debate about the impact of automation and trade imbalances on jobs, MIT economist David Autor says his concern right now is “not the...

The assumptions economists make in their models have implications not only for policymaking and choosing what data we collect, but also for the very definition of work, says Professor Maria Floro of American University. Many assumptions...

This episode features grantee D'Maris Coffman of the Centre for Financial History talking about her organization's commitment to a New Financial History and what the fruits of their approach can tell us about modern debt...

"All of us, if we get old enough, need to be taken care of."
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Diana Strassmann, Rice University professor and founder of the journal "Feminist Economics," discusses her work shifting economics from a discipline of neglect to...

The video explains the concept of rent seeking, which is the behavior of seeking profits without creating new wealth for others. It provides a classic example of a lord setting up a chain across a river to charge fishermen a fee, which...

"Openness" and "restructuring" led to the collapse of the Soviet Union. But if it also led to the collapse of orthodox economics, James Galbraith wouldn't mind.



The University of Texas economist outlines how the profession...

Niall Ferguson is a Professor of History at Harvard University, and a speaker at INET's Conference at Bretton Woods on April 10, 2011<br/>

How "Obliquity" -- Pursuing Goals in a Roundabout Way -- is Better for Business and for an Innovative Economy



Good economics is often seen as maximizing efforts in specific directions. John Kay, Visiting Professor at the...

Strong enforcement of property rights is good for economic growth, says the conventional wisdom. The link may not be as clear cut, says Suresh Naidu. He and co-investigator Jeremiah Dittmar are digging through court records and...

Most economists think about aggregate consumption through the lens of Friedman's permanent income hypothesis or Modigliani's life-cycle hypothesis. But long ago there was a third contender, Duesenberry's relative income hypothesis,...

A decade following the release of her international bestseller, The Shock Doctrine: The Rise of Disaster Capitalism, Naomi Klein discusses her new book, No Is Not Enough: Resisting Trump’s Shock Politics and Winning the World We...