Institute for New Economic Thinking
Paul Davidson - Keynes's Forgotten Lessons 1/4
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...
Institute for New Economic Thinking
Yanis Varoufakis: Europe by (Mis)Design 4/4
In part 4 of this four-part INET "From the Director's Chair" interview, INET Executive Director Robert Johnson talks with Greek economist Yanis Varoufakis about Varoufakis's new book The Global Minotaur: America, The True Origins of the...
History Hit
How the Cold War Shaped Western Democracy with Simon Reid-Henry: Centrist politics
Is there a decline of centrist politics during the early 1970's? Was the early 1970's a more important turning point compared to the fall of the Berlin wall? How the Cold War Shaped Western Democracy with Simon Reid-Henry, Part 2
Institute for New Economic Thinking
Doyne Farmer - Macroeconomics From the Bottom Up
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,...
Institute for New Economic Thinking
Dalia Marin: The Global Market and Nation States (2/7)
The video shows the panel Sovereignty and Institutional Design in the Global Age at INET's Bretton Woods Conference on April 9, 2011. The speaker in this segment is Dalia Marin, Professor of International Economics at the University of...
Institute for New Economic Thinking
What Financial Regulators Can Learn from Network Theory
When regulators seek to identify systemically important financial institutions (SIFIs), they tend to focus on an institution's size and connectedness. But this approach mises an important dimension of systemic risk, according to Imre...
Institute for New Economic Thinking
David Weinstein - When Banks Fail, the Case of Japan
What happens to Main Street when Wall Street fails? Japan expert David Weinstein squeezes a unique data set to answer this question. While in the US you will find data on banks and data on firms separately, in Japan there's data that...
Sustainable Business Consulting
Current Political Climate
Describes how the broken political system allows opportunities for other institutions to make change and step in to that leadership role
Institute for New Economic Thinking
Moritz Schularick: Credit Booms Gone Bust
Carmen Reinhart and Kenneth Rogoff tell the history of financial crisis as a tale of excessive public debt. But what more commonly drives financial instability, says Moritz Schularick, is excessive private debt. Financial crises are...
Institute for New Economic Thinking
Why Economics Failed [George Soros]
George Soros explains why there is no mathematical equation that can define humanity. He discusses his theory of reflexivity and how the discipline has gone astray.
Institute for New Economic Thinking
China’s Coming Debt Crisis?
The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers. Even though China’s most recent data has shown signs of stabilization (and the current turmoil in the...
Institute for New Economic Thinking
Economics Is in Need of Radical Reform
"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 has become...
Institute for New Economic Thinking
Niall Ferguson: Rising to the Challenge - INET Panel Discussion (2 of 5)
Niall Ferguson is a Professor of History at Harvard University, and a speaker at INET's Conference at Bretton Woods on April 10, 2011
Institute for New Economic Thinking
Yanis Varoufakis: The Global Minotaur 1/4
In part 1 of this four-part INET "From the Director's Chair" interview, INET Executive Director Robert Johnson talks with Greek economist Yanis Varoufakis about Varoufakis's new book The Global Minotaur: America, The True Origins of the...
Institute for New Economic Thinking
Steve Keen: The Naked Emperor Dethroned 1/7
The two intersecting lines of supply and demand penetrate economics textbooks like Einstein's mass-energy equivalence penetrates physics textbooks. The theory behind the two lines is inherently flawed, says Steve Keen.It is not possible...
Institute for New Economic Thinking
One Nation, Under Finance
Access to finance was supposed to reduce inequality, and make us all better off. Why hasn't that happened? Birmingham City Business School Senior Lecturer Hanna Szymborska calls for economists and bankers to look more deeply, and to root...
Institute for New Economic Thinking
Harold James: The Emerging Economic and Political Order - What Lies Ahead? (1/5)
Anatole Kaletsky, Associate Editor of the The Times, moderates the first panel of INET's Bretton Woods Conference on April 8, 2011: The Emerging Economic and Political Order: What Lies Ahead? Part 2 of 5 with Harold James, Professor of...
Institute for New Economic Thinking
Paul Davidson - What Goes Around Comes Around 3/4
In the third 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...
Institute for New Economic Thinking
Steve Keen: How He Saw "It" Coming 2/7
In part 2 of the interview he talks about how in his search for a realistic framework of capitalism he ended up with the work of Hyman Minsky. Unlike standard theory, Keen says, Minsky emphasizes the role of money and debt in the...
Curated Video
Mario Seccareccia - Why Governments Should Run Deficits Now
What do nearly all governments have in common these days? They all are struggling to reduce fiscal deficits. Clearly, they are not listening to the advice from Mario Seccareccia, who says: Fiscal deficits? That's what we should be aiming...
Institute for New Economic Thinking
Do Economists Understand the Economy?
Missing the big picture is all too common in the field. Lance Taylor, Professor Emeritus at The New School for Social Research, has focused on the reconstruction of macroeconomic theory and seeks to challenge mainstream approaches....
Institute for New Economic Thinking
The "Strange World" of a Balance Sheet Recession
In part 1 of INET's interview with Richard Koo, he lays out the ideas behind a "Balance Sheet Recession," and discusses why the monetary policy QE 2 won't work
Institute for New Economic Thinking
Paul Davidson - The Trouble With the Ergodic Axiom 2/4
In the second 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:...
Curated Video
Fiscal Rebalancing and Austerity Measures Explained
The video provides an in-depth explanation of two key terms in economics: fiscal rebalancing and austerity. The presenter covers aspects such as GDP components, trade imbalances, fiscal finances, and the size of the public sector. The...