CARES Will Care for Wall Street and Big Business, for Macroeconomic Balance Maybe Not So Much

Article By Lance Taylor

Much historical commentary emphasizes how pandemics restructure long-standing social and political arrangements. The observation applies to macroeconomics as well.

Online Education in the Covid-19 Crisis: “It’s Like Coke Dealers Handing Out Free Samples”

Article By Lynn Parramore

Economist Gordon Lafer describes a race against the education technology industry to do what’s right for America’s kids

Which Businesses Will Covid-19 Disrupt and Why? An Assessment Based on Firm-Level Data

Article By Tarek Alexander Hassan, Stephan Hollander, Laurence van Lent, and Ahmed Tahoun

The scale of firm exposure to the coronavirus is unprecedented by earlier outbreaks, spans all major economies and is pervasive across all industries

The EU’s Green Deal: Bismarck’s ‘What Is Possible’ versus Thunberg’s ‘What Is Imperative’ in the Age of Covid-19

Article By Servaas Storm

What ails the EU Green Deal is exactly what troubles the Union in general — an absence of social democracy at work

The COVID-19 Recession: Unprecedented Collapse and the Need for Macro Policy

Article By Steven Fazzari

Effective and quick federal policy response is critical to create conditions for a quick recovery.

Covid-19 Hits the Dual Economy

Article By Lance Taylor

Incomes Destroyed at the Bottom, Profits Supported at the Top

World War II to Covid-19: Been Here Before and Done Better

Article By Michael Best and John Bradley

During WWII FDR mobilized private manufacturers to support the war effort. To keep Americans healthy, we need to do the same now for medical equipment

Top Economist: Instead of Basic Income, Let’s Keep People Working Productively During the Crisis

Article By Lynn Parramore

William Lazonick emphasizes that keeping workers productively employed is key to economic recovery from Covid-19 as well as a healthy economic future

Private Equity Buyouts in Healthcare: Who Wins, Who Loses?

Article By Eileen Appelbaum and Rosemary Batt

As we face a coronavirus-induced health and economic crisis of uncertain duration, policy makers should be particularly concerned about private equity’s heightened use of debt to buy out healthcare providers and take them private, with no regulatory oversight.

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INET Video

Learn Economics at Home


Stuck at home and already bored of Netflix? Then check out our #LearnEconAtHome series of video explainers you can watch from anywhere.

Join Us in Working Together Online


Quarantine or not, it can be hard to stay connected, but INET’s Young Scholars Initiative (YSI) is here for this generation’s new economic thinkers.

Why Data Is Like Fire

Video Featuring Chen Long

Dr. Chen Long, Director of the Luohan Academy, explains why the digital revolution is so different from the industrial revolution

An 1869 Medical Study Is Still Misdiagnosing Black People

Video Featuring Trevon Logan

Trevon Logan discusses the impact of structural racism in health and economics

Polanyi on Polanyi

Video Featuring Kari Polanyi Levitt

In this series Polanyi reflects on an extraordinary life, and the extraordinary legacy of her family.

Saving Retirement

Video Featuring Teresa Ghilarducci

Is America facing a retirement crisis?

Inequality 101

Video Featuring Branko Milanovic and Arjun Jayadev

Inequality, in many ways, may be the biggest question of our times. And yet it is a topic that is still underexplored in conventional economics curricula.

How The Troika Runs Europe

Video Featuring Nina Eichacker

The European Commission, the European Central Bank, and the IMF are the continent’s austerity police

What Happens When Economics Doesn’t Reflect the Real World?

Video Featuring Anwar Shaikh

Anwar Shaikh talks about the shortcomings of neoclassical economics and alternative frameworks

Economics for People

Video Featuring Ha-Joon Chang

Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.

Banning Buybacks

Video Featuring William Lazonick

Stock buybacks are giveaways for greedy investors at the expense of everyone else.

More videos

Working Paper Series

Firm-Level Exposure to Epidemic Diseases: Covid-19, SARS, and H1N1

Paper By Tarek Alexander Hassan, Stephan Hollander, Laurence van Lent, and Ahmed Tahoun

As Covid-19 spreads globally in the first quarter of 2020, this paper finds that firms’ primary concerns relate to the collapse of demand, increased uncertainty, and disruption in supply chains

The EU’s Green Deal: Bismarck’s ‘What Is Possible’ Versus Thunberg’s ‘What Is Imperative’

Paper By Servaas Storm

This paper considers the ambition, scale, substance and strategy of the European Union’s Green Deal

Private Equity Buyouts in Healthcare: Who Wins, Who Loses?

Paper By Eileen Appelbaum and Rosemary Batt

Private equity firms have become major players in the healthcare industry. How has this happened and what are the results?

Who’s Responsible Here? Establishing Legal Responsibility in the Fissured Workplace

Paper By Tanya Goldman and David Weil

This article proposes a new “Concentric Circle framework” which would improve workers’ access to civil, labor, and employment rights.

Taxpayer Investment Leads New Drug Discoveries

Paper By Ekaterina Cleary, Matthew Jackson, Andrew Acevedo, and Fred Ledley

New research points to critical role of public funding in drug discoveries and development for the last decade

Modeling Myths: On the Need for Dynamic Realism in DICE and other Equilibrium Models of Global Climate Mitigation

Paper By Michael Grubb and Claudia Wieners

We conclude that representing dynamic realism in such models is as important as – and far more empirically tractable than – continued debate about the monetization of climate damages and ‘social cost of carbon’.

Payment vs. Funding: The Law of Reflux for Today

Paper By Perry G. Mehrling

The central bank today is not just the government’s bank, but also a bankers’ bank, a truly hybrid institution

Is the Most Unproductive Firm the Foundation of the Most Efficient Economy? Penrosian Learning Confronts the Neoclassical Fallacy

Paper By William Lazonick

To get beyond the neoclassical fallacy, economists have to stop relying on constrained-optimization methodology

The Secular Stagnation of Productivity Growth

Paper By Servaas Storm

This paper argues that it is a mistake to dismiss secular demand stagnation as main cause of declining potential growth in the OECD.

Inclusive American Economic History: Containing Slaves, Freedmen, Jim Crow Laws, and the Great Migration

Paper By Trevon Logan and Peter Temin

This paper records the path by which African Americans were transformed from enslaved persons in the American economy to partial participants in the progress of the economy.

The Global Impact of Brexit Uncertainty

Paper By Tarek Alexander Hassan, Laurence van Lent, Stephan Hollander, and Ahmed Tahoun

Using tools from computational linguistics, we construct new measures of the impact of Brexit on listed firms in the United States and around the world

The Decline of the U.S. Labor Share Across Sectors

Paper By Ivan Mendieta-Muñoz, Codrina Rada, and Rudi von Arnim

This paper provides novel insights on the changing functional distribution of income in the post–war US economy.

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