Analysis

Event Video: MLK 55 Years Later: Can The Church Study War No More?

On April 4th, 1967, at a time when the justness and necessity of the Vietnam War was broadly accepted, Dr. King issued a stirring rebuke of the U.S. establishment. He was criticized heavily for challenging US foreign policy; he was told to stick to civil rights.
Yet he understood even back then that America’s endless pursuit of war and domination abroad is directly tied to the violence and oppression visited upon Black, Brown, and poor people at home.

We Are Entering a New Economic World

Economics Nobel Laureate Michael Spence discusses the profound changes that are rippling through the global economy as we emerge from the COVID recession, where economic growth will have to rely more on productivity gains instead of the incorporation of excess labor capacity and what this would mean for countries around the world.

On the Origins of Economic Cycles (and the Appeal of Keeping Models Simple)

An alternative to Dynamic Stochastic General Equilibrium (DSGE) models
Ever since the Global Financial Crisis, increasing numbers of economists have voiced their skepticism about Dynamic Stochastic General Equilibrium (DSGE) models. The ranks of the doubters include many economists of differing views, including, for example, George Akerlof, Olivier Blanchard, Andrew Haldane, Gregory Mankiw, Joseph Stiglitz, Lance Taylor, as well as frequent INET article contributors such as Sheila Dow and Servaas Storm.

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