Welcome to our new video series called "New Economic Thinking." The series will feature dozens of conversations with leading economists on the most important issues facing economics and the global economy today.



This first...

Lord Adair Turner describes what needs to happen for economics to move forward, and how institutions like INET can help

In part 3 of INET's interview with John Kay, he tells us what the London Tube map and Max Planck can tell us about oversimplifying systems and models

In this video, Richard Branson discusses the recent events in Crock Alandia, highlighting the negative consequences of the war on drugs. They criticize the actions of the mayor, who invaded the area where drug dealers and users used to...

Your best customers should know that they are your best customers and you should treat them as so. In this video, Bill Carmody explains why.

We all know it: The financial sector is bloated and banks are too big to fail. But just how bloated is it, and how much should it be shrunk? Gerald Epstein and his collaborator James Crotty use both micro and macro data to deliver the...

In this video, the trade balance of a country in terms of goods and services is discussed as an important indicator of the country's competitiveness in the global market. The video also discusses the impact of trade deficits and...

The Financial Crisis

This video lesson is an introduction to the balance of payments, a financial document that measures a country's economic activities with all other countries over a period of time. The instructor explains the components of the balance of...

This video discusses interventionist strategies that can be implemented in developing economies to capture the benefits of economic development. The focus is primarily on trade policies, such as import substitution and protectionism, at...

The video provides an overview of exchange rates and their importance in the global economy. The video also delves into the impact of exchange rate fluctuations on a country's competitiveness in terms of trade, and how a fixed vs....

My 60 second explanation of consumer's surplus (CS) and producer's surplus (PS) and how to identify where it is on the graph. The bonus round shows how a price ceiling changes CS and PS and results in dead weight loss.

The video is a lesson on the topic of inequality in economics. The presenter explains the difference between income and wealth and how an unequal distribution of these can result in market failure. The video also touches on the impact of...

Most businesses don't know who their best customers are. Bill Carmody tells you why you must know who your best customers are in order to grow and succeed.

Interviewed by Institute President Rob Johnson, Princeton Professor Markus Brunnermeier — co-author of Europe and the Battle of Ideas — sees the fate of the embattled European union as depending on the outcome of a battle of ideas...

In INET's full interview with Ha-Joon Chang, he discusses some ideas that seem contrary to traditional thinking in economics, such as free trade does not necessarily make countries richer, and that there is no such thing as a free...

Gernot Wagner, Economist, Environmental Defense Fund speaking at a panel entitled "New Economics, Climate Change, and New Models of Growth" at the Institute for New Economic Thinking's (INET) Paradigm Lost Conference in Berlin. April...

Andre Wilkens, the director of Stiftung Mercator, says that the current economic systems may not be capable of dealing of long-term issues such as climate change. Interviewed by Daniel Erasmus at King's College, April 2010.

Exactly 5 months ago I posted a video about the Economics of Weight Loss (link below). In that video I set a goal to lose 30 pounds and said that I would show before and after pictures of me without my shirt. Well, it's been 5 months so...

Economists aren't born, they're made. Irwin Collier digs into archives to find out how Paul Samuelson and his generation were made. What did they learn, and how did they learn it? While today's graduate schools focus on quantitative...

I'm sure that some of you are disappointed that I endorsed principles rather than a candidate, but I just want to remind voters that check their irrational expectations. No matter who wins, they are not going to fix, or destroy, your...

How to become a historian of economic thought? Members of the profession gather just once a year at the annual conference of the History of Economic Society but otherwise are dispersed in universities and archives all around the...

In this video I explain the money market graph with the the demand and supply of money. The graph is used to show the idea of monetary policy and how changing the money supply effects interest rates. Thanks for watching.

This video explains the difference between long-run and short-run aggregate supply shifts, and provides examples of factors that can cause shifts, such as changes in the cost of production factors and population growth. The video...