Human beings aren’t mechanical. And mechanistic economic theories can’t account for uncertainty or political instability and individual creativity.
The Washington Consensus is dead.
New economic thinking is no passing fad. The movement for new economic thinking is here to stay - with broad-based, worldwide support from undergraduate and graduate students as well as both young and established professors and Nobel laureates.
how economics students have begun to push back against the stale ideas that were proven wrong during the recent financial crisis.
The Huffington Post spotlights the INET financial instability video, produced by Four Corners Media, accompanied by an extensive written introduction fromINET Executive Director Robert Johnson.
Read how did the second day of the Berlin conference go
Mark Thoma has picked up on a significant aspect of this year’s INET annual conference
The Institute for New Economic Thinking (INET) today announced a significant infusion of funding that over the coming years will make the organization self-sustaining and enable INET to dramatically expand its global reach, scale, and scope.
INET’s Berlin Conference, “Paradigm Lost: Rethinking Economics and Politics,” opened yesterday and continues to receive enthusiastic coverage from both local and international press.
Mark Thoma offers a thorough, nuanced take on Roman Frydman’s theory of Imperfect Knowledge Economics (IKE) and George Soros’s ideas on the inability of people to predict the outcomes of financial and social change, which Soros calls “fallibility” and “reflexivity.”
Soros’s remarks about the 2008 crash
Read how did the day of the Berlin conference go
A new interdisciplinary research center to explore and challenge conventional economic thinking has been created by the Oxford Martin School in collaboration with the Institute for New Economic Thinking (INET).
Registration is now open for YSI Commons, at INET’s Plenary Conference, Berlin April 12-15.
We reserved 25 slots, but we got 563 applications. Something had to be done.