Institute for New Economic Thinking
James Galbraith: Governing With A Higher Purpose To Spur Innovation
The United States’ deep political polarization is blinding the nation from seeing what it takes to create an effective innovation economy. Simply put, to many figures on the political right the government is simply a source of corruption...
Institute for New Economic Thinking
How Not to Criticize Standard Economic Models
Josh Mason from John Jay College CUNY doesn’t think teaching contending economic theories is effective, and sees the objective of introductory economics courses as teaching students basic tools to understand economic terminology,...
Institute for New Economic Thinking
Keynes' Primer: His Three Key Insights
In part 1 of INET's interview with Lance Taylor, he discusses his book "Maynard's Revenge," which demonstrates that Keynes' insights have never been truer than today
ACDC Leadership
The Economics of Inequality Part 2- Tax the Rich!
Are the richest 1% greedy? Should we tax the rich and force them to pay their fair share? What's the first step toward fighting income inequality? These are the questions that I attempt to answer in the video. NOTE- I got some complaints...
Curated Video
Understanding Income Elasticity and Cross Elasticity of Demand
The video is an educational tutorial on the concepts of income elasticity of demand (YD) and cross elasticity of demand (XED). The presenter explains the calculations for each and how to classify goods based on their YD and XED values....
Healthcare Triage
One Republican Backup Plan for the AHCA: Cassidy-Collins
If the new AHCA doesn't pass (which is definitely in the realm of possibility), Republicans in Congress will need to come up with another plan to fulfill their promise to repeal and replace Obamacare. Senators Susan Collins of Maine, and...
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
Richard Koo - A "Balance Sheet Recession"
Nomura Research Institute's Richard Koo says that what the world is experiencing right now, a "balance sheet recession," is different from traditional recessions. However, Japan recently experienced a similar type of recession, and Koo...
Institute for New Economic Thinking
Lance Taylor: Maynard's Revenge
In INET's exclusive interview with Lance Taylor, he discusses the concepts behind his recent book "Maynard's Revenge: The Collapse of Free Market Macroeconomics"
Institute for New Economic Thinking
Shaikh’s path 4 Capitalism as a Turbulent System
Shaikh’s path 4 Capitalism as a Turbulent System
Institute for New Economic Thinking
Racist Violence and Economic Activity
Riots, lynching and other forms of violence dramatically disproportionate impact on the lives and prospects of African inventors. That’s just one indicator, says Professor Lisa Cook, of the profound impact of racial violence on the...
Financial Times
Crunched: is the inequality gap really widening?
FT data journalists Federica Cocco and John Burn-Murdoch take a look at the numbers behind the wealth gap amid growing concern that inequality is worsening
Curated Video
Circular Flow of Income for an Open Economy: Injections and Leakages
This video lecture explores the circular flow of income for an open economy, taking into account external injections and leakages. The lecturer provides a recap of the basics of economic activity and circular flow for a closed economy,...
Curated Video
Understanding Consumption and the Consumption Function
This video is a lecture about the components of aggregate demand, with a specific focus on one of the most important components: consumption. The relationship between disposable income and consumption is explored, along with the concept...
PBS
What The Heck Is an IRA?
What if there were a way to dodge taxes on a chunk of your paycheck? Or how about an investment opportunity that will never pay a penny of taxes on the growth no matter how big it gets? Sound too good to be true? This is the amazing tax...
Institute for New Economic Thinking
The Natural Cycle of Recoveries
In part 4 of INET's interview with Lance Taylor, he says that the recovery from the crisis will take time, and should involve increased labor buying power and more private investment from profits
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
Measuring and Assessing Income Inequality Using Lorenz Curve and Gini Index
In this video, the presenter explains how to measure and assess income inequality using a Lorenz curve and the Gini Index. He breaks down the complicated definitions of the Lorenz curve and simplifies it as a graph indicating income...
Curated Video
Understanding Economic Growth: Benefits, Limitations, and Impact on Quality of Life
The video is a lecture on economic growth. The presenter discusses the financial benefits of economic growth, such as increased consumption of goods and services. However, he also highlights the limitations and challenges attached to...
Institute for New Economic Thinking
Martin Schuerz on Wealth Distribution
A member of the Austrian Central Bank tells us his research on wealth and income inequality in Europe. Before the crisis, the European Central Bank commissioned work on the liabilities side of European debt. Research from the Austrian...
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....
All In One Social Media
Why Effective Content Marketing Can Future Proof Your Income
What would happen to your business if you had to step away? Could it survive? In this video, I share with you how effective content marketing can save your business as it did for mine.
Fun Robotics
Kmeans Clustering Method
Implementing the Kmeans clustering method to form groups of people in a dataset.
Healthcare Triage
Does Better Education Mean Better Health?
Many, many studies have associated better and more education with better health outcomes? But which way does the causality go? Do people attain more education because they're healthy? Or maybe those who are in a economic position to...