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Our popular course Introduction to QuantLib Development will be taking place June 18-20th, 2018.

 
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Brief description: The Institute for New Economic Thinking (INET) was created to broaden and accelerate the development of new economic thinking that can lead to solutions for the great challenges of the 21st century.

Website: http://ineteconomics.org/

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Joined: August 2nd, 2011

Activity

Institute for New Economic Thinking wrote a new blog post titled The Unfairness of Housing Purchases Through Time

Obviously, the nominal dollar cost of a house or a condo today is much higher than it was 20 or 30 years ago. Indeed, it's even higher than what it was just a couple of years ago. While a number of indices look at the price of housing by deflating the nominal dollar price of a house by the consumer price index (CPI) to measure the rate at which housing prices are rising relative to the general rise in prices of consumer goods, I wish to measure the changes in housing prices in terms of how many weeks of labor time, paid at the US median weekly rate, it takes to purchase an average residential...
(786 days ago)

Institute for New Economic Thinking wrote a new blog post titled Star Trek or The Matrix? Varoufakis’s Challenge to Economics

Yanis Varoufakis' first meeting with the Troika of Greece's creditors revealed what he believes is a perilous disdain among top economic decision-makers for the democratic process. The then-Finance Minister arrived armed with tables and graphs to make what he believed was a self-evident case that the austerity program imposed on Athens was untenable and unsustainable, and would therefore not produce desirable results for Greece or for its creditors. As the representative of a leftist government elected on a promise to restructure the austerity program, Varoufakis was aware of the need for a...
(788 days ago)

Institute for New Economic Thinking wrote a new blog post titled Twitter and the Stock News Echo Chamber that Whips up Volatility

A working paper by INET's Ansgar Walther and Oxford University colleagues, Peiran Jiao and Andre Veiga, suggests the phenomenon is prevalent, creating a source of excess volatility for investors. It found evidence that the unmediated flood of news and opinion that pours over the social media transom results in some stocks getting whipped around for weeks by the same facts.
(790 days ago)

About our Activities:

The Institute for New Economic Thinking (INET) was created to broaden and accelerate the development of new economic thinking that can lead to solutions for the great challenges of the 21st century.

The havoc wrought by our recent global financial crisis has vividly demonstrated the deficiencies in our outdated current economic theories, and shown the need for new economic thinking – right now.

INET is supporting this fundamental shift in economic thinking through research funding, community building, and spreading the word about the need for change. We already are a global community of thousands of new economic thinkers, ranging from Nobel Prize winning economists to teachers and students who have emerged out from the shadows of prevailing economic thought, attracted by the promise of a free and open economic discourse.