ACDC Leadership
20 funny (but stupid) econ jokes
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...
Institute for New Economic Thinking
Sheila Dow - Reform and Restructuring of the Financial and Non-Financial Sectors?
The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 3: What Kind of Theory to Guide Reform and Restructuring of the Financial and Non-Financial Sectors?
Institute for New Economic Thinking
How About that Looming Robotic Job Apocalypse?
Why we should worry about job quality, not quantity—or robot overlords. 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 quantity of...
Institute for New Economic Thinking
D'Maris Coffman: Bringing History to Economics
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 crises and...
Institute for New Economic Thinking
What is Feminist Economics?
"All of us, if we get old enough, need to be taken care of." Diana Strassmann, Rice University professor and founder of the journal "Feminist Economics," discusses her work shifting economics from a discipline of neglect to one of care...
Institute for New Economic Thinking
The Male-centric Biases of Economic Models
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...
Curated Video
Rent Seeking: Taking Without Giving
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...
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
John Kay: Obliquity and the Indirect Way to Success
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 London School of...
Institute for New Economic Thinking
Suresh Naidu - Property Rights and Growth: Lessons from Slavery
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 newspaper...
Institute for New Economic Thinking
Christian Belabed and Thomas Theobald: Inequality and the Current Account
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, which...
Institute for New Economic Thinking
How to Resist Trump’s “Toxic To-Do List”
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 Need,...
Institute for New Economic Thinking
How Liberals Normalized Conservative Ideas
The New York Times’ Binyamin Appelbaum explains the role Democratic presidents, from Kennedy to Obama, in moving economic policy to the right INET President Rob Johnson sits down with The New York Times’ Binyamin Appelbaum to discuss his...
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
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:...
Institute for New Economic Thinking
Mainstream Economics & Gender | Feminist Economics Part 5
In this fifth and final lecture in the Institute for New Economic Thinking’s “Feminist Economics” series, Professor Jayati Ghosh explores some of the shortcomings of mainstream economics. Heavily reliant on unrealistic assumptions and...
Institute for New Economic Thinking
Broadening the Field of Economics
Economics can be more effective if we try to integrate pure theory with real-world observation and insights from other disciplines, Lord Adair Turner says
Institute for New Economic Thinking
Is Economics a Science? | How & How NOT to Do Economics with Robert Skidelsky
Most economists think of economics as a science. But are they right? If so, what kind of science is it? You can put on the uniform of a policeman, but does that make you a policeman? These, and more questions, are answered in this fourth...
Institute for New Economic Thinking
Do Economists Have Social Responsibilities?
Economics is not, nor can it be, value-free. George DeMartino discusses economist’s influence, whether they should ever lie, and the irreparable ignorance that haunts economics. DeMartino argues for professional ethics in economics as a...
Institute for New Economic Thinking
Is History Important? [Robert Skidelsky]
If we’re headed for a recession, blame the economists who flunked history class.History has long been downplayed by economists, even though it holds the keys to answering some of the most important questions today. Why did the stock...
Institute for New Economic Thinking
Gerald Epstein - Banks: How Big Is too Big?
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...
Institute for New Economic Thinking
Models and Laws | How & How NOT to Do Economics with Robert Skidelsky
How do economists seek to establish their so-called laws? What is the scientific status of such laws? Are they always valid or merely useful rules-of-thumb? These, and more questions, are answered in this fifth lecture in INET’s “How and...
Institute for New Economic Thinking
Economics for People with Ha-Joon Chang [TRAILER]
“It is extremely important for our democracy to function that ordinary citizens understand the key issues and basic theories of economics.” – Ha-Joon Chang Economics has long been the domain of the ivory tower, where specialized language...