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Should the U.S. Government Balance Its Budget?
You've probably heard a politician say, "If a household can balance their budget, then the federal government should, too!" But it turns out to be a bit more complicated than that...
Institute for New Economic Thinking
Ajit Sinha - Piero Sraffa's Price Theory Without Equilibrium
Piero Sraffa's classic work Production of Commodities by Means of Commodities has been variously interpreted as a special case of modern neoclassical general equilibrium or a foundation stone for the revival of the classical...
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
Robert Skidelsky - Interpreting the Great Depression: Hayek versus Keynes
The Inaugural Conference @ King's, Institute for New Economic Thinking, Day 1 - Dinner.<b<br/>r/>
1930 and the Challenge of the Depression for Economic Thinking: Friedrich Hayek vers<br/>us John Maynard Keynes
1930 and the Challenge of the Depression for Economic Thinking: Friedrich Hayek vers<br/>us John Maynard Keynes
Institute for New Economic Thinking
Sheila Dow: The Economics of Uncertainty
Welcome to our 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 episode...
This episode...
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<br/>
Institute for New Economic Thinking
Taking Radical Uncertainty Seriously in Economics
William Janeway talks about how uncertainty is actually different from risk, and notes that everybody in an economy has to make financial decisions in an environment of radical uncertainty. Interviewed by Daniel Erasmus at King's...
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"<br/>
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:...
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
Bruce Caldwell - 1930 and the Challenge of the Depression for Economic Thinking: Hayek vs Keynes
The Inaugural Conference @ King's, Institute for New Economic Thinking, Day 1 - Dinner.<b<br/>r/>
1930 and the Challenge of the Depression for Economic Thinking: Friedrich Hayek versu<br/>s John Maynard Keynes.
1930 and the Challenge of the Depression for Economic Thinking: Friedrich Hayek versu<br/>s John Maynard Keynes.
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
Sylvia Nasar: The State of Economics (5/5)
In part 5 of this INET interview, Sylvia Nasar discusses the current state of economics. She suggests that despite its recent failures to predict and understand the financial crisis, the economics profession is still vibrant. While much...
Institute for New Economic Thinking
Paul Davidson - Legal Arbitrage Is Not Comparative Advantage 4/4
In the fourth and final 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...
Institute for New Economic Thinking
Adam Posen: What Japan and the UK Demonstrate about Macroeconomic Stimulus
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...
This first...
Institute for New Economic Thinking
Applying the Right Model
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
Institute for New Economic Thinking
John Smithin: Macroeconomic Management After a Crisis (6/7)
The video shows the panel Macroeconomic Management After a Financial Crisis at INET's Bretton Woods Conference on April 9, 2011. The speaker in this segment is John Smithin, Professor of Economics at York University. The other panelists...
Institute for New Economic Thinking
Robert and Edward Skidelsky - How Much is Enough? 1/3
In the first part of this three-part INET "From the Director's Chair" interview, INET Executive Director Robert Johnson talks with Robert Skidelsky and his son Edward Skidelsky about their book, How Much is Enough? Money and the Good...
Institute for New Economic Thinking
Robert and Edward Skidelsky - Reimagining the Good Life 3/3
In the third part of this three-part INET "From the Director's Chair" interview, INET Executive Director Robert Johnson talks with Robert Skidelsky and his son Edward Skidelsky about their book, How Much is Enough? Money and the Good...
Institute for New Economic Thinking
Nicholas Wapshott: The Economics of Keynes (4/5)
Nicholas Wapshott suggests that modern economists would do well to remember the work of Keynes now, as they have strayed too far from the lessons of Keynes in pursuit of ever more refined modeling technique. In the same vein, modern...
Institute for New Economic Thinking
Robert Skidelsky: Learning from the Past to Design the Future (1/4)
Alan Murray, Executive Editor of the Wall Street Journal, moderates the panel of INET's Bretton Woods Conference on April 9, 2011: What Can We Learn from the Past in Designing the Future? Part 1 of 4 with Robert Skidelsky, Emeritus...
Institute for New Economic Thinking
William White: Are Central Bankers Trying To Do Too Much?
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 episode...
This episode...
Institute for New Economic Thinking
David Tuckett - How Investors Use Stories to Tame Uncertainty
If you want to understand how fund managers choose a portfolio, why not ask them? That's what David Tuckett does: he draws on standard sociological techniques of interviewing to understand investors' decisions to buy or sell assets. He...
Institute for New Economic Thinking
Sylvia Nasar: Joseph Schumpeter and Hayek - Keynes' Challengers (4/5)
In part 4 of this INET interview, Sylvia Nasar discusses how Joseph Schumpeter and Friedrich von Hayek challenged the economics of Keynes in the early-to-mid 20th century. However, their work fell in the face of empirical evidence,...