Institute for New Economic Thinking's profile

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/

Twitter Page: twitter

YouTube Channel URL: link

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Blog URL: http://ineteconomics.org/blog/inet

Joined: August 2nd, 2011

Content

Activity

Institute for New Economic Thinking wrote a new blog post titled A challenge to dollar domination?

FT Alphaville uses a Lord of the Rings metaphor to describe the state of global currencies. “One reserve currency to rule them all.” But in the wake of a new working paper from Berry Eichengreen and co-authors Livia Chitu and Arnaud J. Mehl, the blog is asking, “But does it need to be this way?” Eichengreen, an INET grantee, has done significant research on the change in the global reserve currency from the U.K. sterling to the U.S. dollar in the early 20th century. His research suggests that there is room for more than one world reserve currency in...

(12 hours ago)

Institute for New Economic Thinking wrote a new blog post titled Stephen Kinsella: A “nutter in a balloon” gives you perspective

Stephen Kinsella has some advice for economists: “Sometimes, all you need is a nutter in a balloon to change your perspective. And perspective is everything.” Using Nobel prize winning physicist Victor Hess’s famous hot-air balloon trip as a model, INET grantee Kinsella takes readers through the different levels of the European crisis, from the ground-level view of banks and the private sector up through the “10,000 feet” panorama of supranational institutions and global superpowers. To Kinsella, Hess’s “change of perspective uncovered something...

(17 hours ago)

Institute for New Economic Thinking wrote a new blog post titled Johnson OECD Op-Ed Calls For Financial Architecture Fix

What’s wrong with our economic recovery? In his new op-ed in the OECD Observer, INET Executive Director Robert Johnson cuts right to the chase. We’ve got our economics wrong. “Our economic thinking has been revealed to be unsound in recent years,” Johnson writes. “In fact, it has been distorted by the overwhelming power of vested interests in the financial sector. This is now quite evident.” Following his keynote speech at the OECD conference in Paris, Johnson takes on the “old financial paradigm” that got us into the current mess and that is...

(2 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.