Sign in

INET - Institute for New Economic Thinking

@ineteconomics.bsky.social
2K followers 103 following 222 posts

We are economists and thinkers from a range of disciplines who challenge conventional wisdom and advance ideas to better serve society.

PostsRepliesMedia
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 22/09/2026
Why do CATL and BYD hold more than half of the global EV battery market when GM once dominated batteries in the US? William Lazonick and Matt Hopkins trace it to buybacks and a 2000 sale. New from INET: www.ineteconomics.org/perspectives...
ineteconomics.org
The U.S. battery maker that could, and the U.S. auto company that wouldn’t
General Motors once had the technology, talent, and partnership to lead the electric-vehicle revolution. Instead, it abandoned the EV1 and its battery venture while pouring billions into stock buyback...
151
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 22/09/2026
Sixty years of data, eleven advanced economies, one pattern: inflation moves together, not country by country. Carlo D'Ippoliti, Daniele Tori, and Lucio Gobbi on why national explanations for inflation don't hold up. New from INET: www.ineteconomics.org/perspectives...
010
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 19/08/2026
Microsoft spent $506 billion on buybacks and dividends from 2006 to 2025, 71% of its profits, while laying off thousands. Why would AI pay off any differently in a system built like this? Lynn Parramore on AI and the shareholder-value machine. New from INET: www.ineteconomics.org/perspectives...
ineteconomics.org
The AI Boom Runs on an Even More Dangerous Machine (Part 2)
Silicon Valley promises abundance, but corporate America is built for extraction. The underlying operating system is stuck on making big shareholders rich the expense of everyone else. It’s time for a...
021
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 30/07/2026
The proposed Clarity Act's regulatory framework for crypto is strongly contested. INET's Research Director Thomas Ferguson and INET researchers Jie Chen, Matthias Lalisse, and Paul Jorgensen's recent published essay explains why. rosa.uniroma1.it/rosa04/psl_q...
rosa.uniroma1.it
View of Move fast and break everything: Crypto and party competition in the United States
021
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 27/07/2026
Social Security was built in 1935 for an economy where almost everyone earned a wage. Today more of the gains flow to capital, and much of it sails right over the payroll tax cap. New from INET on why the next crisis runs deeper than demographics: www.ineteconomics.org/perspectives...
ineteconomics.org
Social Security and the Vanishing Paycheck
Social Security runs on the paycheck. But a growing share of American wealth now comes from profits, assets, and ownership. The program that ended old-age poverty was never built for an economy that p...
052
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 17/07/2026
Two standard economic metrics give opposite answers about whether the US has pulled ahead of Europe. James K. Galbraith argues the real problem is with the measures themselves. A response to Paul Krugman, new from INET: www.ineteconomics.org/perspectives...
ineteconomics.org
On the US-EU Debate: A Response to Paul Krugman
A response to Paul Krugman's recent essay on U.S. and European productivity opens onto a broader question. If the standard metrics point in conflicting directions, perhaps the problem lies less with t...
030
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 16/07/2026
Chuck Schumer says he's "staying out of Maine." But our analysis this week shows the two largest donors to the Maine Democratic Party are already the DNC and the DSCC. Staying out publicly and staying out financially are not the same thing. www.ineteconomics.org/perspectives...
ineteconomics.org
Big Money and the Maine Election: Round 2
The upheaval in Maine's Senate race has focused attention on candidates and party leaders. Less noticed is what the campaign finance data reveal about the state's Democratic Party and its structural d...
064
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 15/07/2026
The Maine Democrat party says they'll resist national party influence in picking their next Senate nominee. The money says something else. The two biggest donors to the Maine Democratic Party? The DNC and the DSCC. New from INET: www.ineteconomics.org/perspectives...
052
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 09/07/2026
The "invisible hand" appears exactly once in The Wealth of Nations. In his latest INET article, Alessandro Roncaglia interprets what Adam Smith actually argued, and how his legacy got rewritten. www.ineteconomics.org/perspectives...
062
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 01/07/2026
Campaign finance coverage focuses on total spending and polls. INET scholars Ferguson, Jorgensen, Lalisse, and Chen map something different: the full size distribution of who actually gives. Their analysis of the Maine Senate race is striking. New from INET: www.ineteconomics.org/perspectives...
062
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 30/06/2026
America has spent 250 years arguing about who the economy is actually for. Cultural historian Lynn Parramore on the most stubborn tradition in American life, and why it matters right now. From INET: www.ineteconomics.org/perspectives...
ineteconomics.org
Happy Birthday, America. Our Best Tradition Is Taking on the Powerful.
We’ve inherited a stubborn reflex for resisting fatcats, oligarchs, profiteers, and anyone who tries to run roughshod over us.
162
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 24/06/2026
The "invisible hand" appears exactly once in The Wealth of Nations. Historian Alessandro Roncaglia on what Adam Smith actually argued, and how his legacy got rewritten. New from INET: www.ineteconomics.org/perspectives...
ineteconomics.org
A Preface to Alessandro Roncaglia’s Essay on Adam Smith
As America marks 250 years of independence, Adam Smith is again being pressed into service as a founding myth. A deeper reading of The Wealth of Nations reveals a far richer thinker than today’s easy ...
032
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 22/06/2026
Meet our panelists for the Governance and Corruption in the Global South, hosted by The Institute for New Economic Thinking (INET) and SOAS Anti-Corruption Evidence. Learn more about the event here: www.ineteconomics.org/events/gover...
010
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 09/06/2026
What if fiscal policy targeted unemployment instead of a contested economic estimate? For Italy, economists argue the math actually works out better. New from INET: www.ineteconomics.org/perspectives...
ineteconomics.org
From Potential Output to Full Employment: A Paradigm Shift for Italian Fiscal Policy
Europe’s new fiscal rules still bind policy to fragile estimates of potential output. For Italy, targeting lower unemployment could sustain stronger growth, improve deficit outcomes, and expose the se...
031
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 04/06/2026
Digital currencies are coming. Banking experts warn that if we build them on accounting designed for the gold standard era, we're coding in a category error from the start. New research from INET: www.ineteconomics.org/perspectives...
ineteconomics.org
Sovereign Money is not Debt: Why Central bank Accounting Must Change
Central bank money is still accounted for as debt, a legacy of an earlier monetary order. Treating sovereign money as equity would clarify central bank balance sheets, strengthen institutional transpa...
044
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 21/05/2026
As the World Health Assembly meets this week, global health faces a pivotal moment. Financing has fallen sharply, long-standing gains are under strain, and debates over reform raise a difficult question. Who bears the costs when global responsibility retreats? www.ineteconomics.org/perspectives...
ineteconomics.org
Are We Reforming Global Health or Washing Our Hands Of It?
Global health financing is collapsing just as demands on health systems are rising. As funding retreats and reform debates intensify, a deeper question emerges about who bears the costs, and whether t...
021
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 20/05/2026
Equality may matter more than economists have been willing to admit. Research across biology, philosophy, epidemiology, and economic history suggests that distribution shapes far more than incomes alone. It reaches into health, trust, and social well-being. www.ineteconomics.org/perspectives...
ineteconomics.org
Why Public Policy’s Core Value Should Be Equality
Equality runs deeper than economics textbooks or policy fashions suggest. Across disciplines, evidence increasingly links more equal societies to stronger well-being, greater social trust, and healthi...
1115
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 13/04/2026
INET’s latest research shows the new merger guidelines mark a break from the old consumer welfare consensus. www.ineteconomics.org/perspectives...
ineteconomics.org
The New Merger Guidelines: Consumer Welfare vs. Protecting Competition Standards
Should antitrust law focus primarily on measurable performance outcomes such as price and output as indicated by Robert Bork's Consumer Welfare Standard? Or is it more important to concentrate on whet...
022
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 06/04/2026
INET’s latest research from Desan shows how a politicized Fed threatens democratic sovereignty, the real basis of the falling dollar. www.ineteconomics.org/perspectives...
ineteconomics.org
The Fed, Congress, and the President: The Constitutional Authority to Make Money
The struggle over the Federal Reserve is not just a dispute about central bank independence. It is a constitutional conflict over democratic sovereignty itself: in a representative system, the power t...
011
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 25/03/2026
Post-2008 reform was supposed to make the system safer. So why are regulators now easing capital rules for the largest banks? Pia Malaney looks at the quiet return of too big to fail. www.ineteconomics.org/perspectives...
ineteconomics.org
Easing Capital, Reviving Risk: The Quiet Return of Too Big to Fail
Less capital, more risk, familiar consequences. The latest move on big-bank rules suggests that too big to fail was never solved, only deferred.
064
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 19/03/2026
Bloomberg features INET research by Thomas Ferguson and Servaas Storm, showing how wealth gains at the top have created a K-shaped economy www.msn.com/en-us/money/...
035
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 17/03/2026
Thomas Ferguson, quoted in Bloomberg on his research with Servaas Storm shows that surging asset prices have made top households “really, really, really rich” leaving the rest of us more vulnerable www.bloomberg.com/news/article...
020
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 11/03/2026
Is the wealth of the top 0.1% a personal problem or a systemic one? From Apple’s buybacks to Meta’s stock schemes, here’s a look at the structures that let executives profit while many stakeholders don’t. www.ineteconomics.org/perspectives...
ineteconomics.org
Why Chase Taylor Swift? Stop the Corporate Looting That Makes Billionaires.
A case for tackling the corporate machinery driving extreme wealth, and the reforms that could truly curb it.
021
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 09/03/2026
Could California’s wealth tax be missing the real culprit? Instead of chasing individual fortunes, what if the focus shifted to the corporate structures that fuel extreme wealth?  www.ineteconomics.org/perspectives...
ineteconomics.org
Why Chase Taylor Swift? Stop the Corporate Looting That Makes Billionaires.
A case for tackling the corporate machinery driving extreme wealth, and the reforms that could truly curb it.
011
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 06/03/2026
Taxing Taylor Swift isn’t the solution to the billionaire dilemma —but curbing the corporate engines behind mega-rich fortunes might be. Let’s dive into buybacks, executive pay, and progressive governance that could reshape how wealth is created and shared. www.ineteconomics.org/perspectives...
ineteconomics.org
Why Chase Taylor Swift? Stop the Corporate Looting That Makes Billionaires.
A case for tackling the corporate machinery driving extreme wealth, and the reforms that could truly curb it.
111
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 04/03/2026
Why do unproven medical technologies so often find their way into US health care? Cleary and Osipenko show how billing codes, reimbursement politics, and weak evidence standards can open the door. www.ineteconomics.org/perspectives...
ineteconomics.org
Is That New Procedure Proven? MedTech Billing Codes and Evidence-Based Medicine
Introduced by the AMA in 2001, Category III CPT codes aimed to streamline financial reporting. Instead they became entangled in a politically driven, zero-sum reimbursement game.
000
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 25/02/2026
The system that got us into 2008 is still in place—and now it’s under more stress than ever.  Bergman and Feltes share w/ Lynn Parramore why another financial shock could hit sooner than anyone expects. www.ineteconomics.org/perspectives...
ineteconomics.org
From Fed Failures to Inflation and Stablecoins: America’s Trust Is Cracking
Authors Bill Bergman and Larry Feltes argue that declining public confidence in government and financial institutions is putting the U.S. economy in peril -- and a crisis could come faster than you th...
000
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 23/02/2026
From runaway military spending to stablecoins shaking up banks, authors Bill Bergman and Larry Feltes explain to Lynn Parramore why trust is collapsing in America, and why it matters to you. www.ineteconomics.org/perspectives...
020
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 18/02/2026
“Social media has become a failed state.” Pia Malaney reframes the debate away from speech and toward economics “profits are private, harm is socialized,” and Europe is trying to reprice the damage. www.ineteconomics.org/perspectives...
ineteconomics.org
Failed State, Failed Market: Europe’s Bid to Reprice Social Media Harms
Europe’s social media crackdown is less about “speech wars” than a long-overdue attempt to price the public damage created by large platforms.
110
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 12/02/2026
Health researcher Steven H. Woolf warns: "I'm not too sure the average person is really aware of this -- that the length of your life depends on what state you're in." Read convo w/ Lynn Parramore www.ineteconomics.org/perspectives...
ineteconomics.org
America’s Real Health Crisis? Economics — and a Generation Pays
Health researcher Steven H. Woolf tells INET’s Lynn Parramore why making Americans healthy again means economic policies that help working- and middle-class families. Raw raw milk won’t cut it, and ev...
011
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 09/02/2026
Concentrated wealth shortens American lives. Even for the rich. Health researcher Steven H. Woolf talks to Lynn Parramore
122
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 09/02/2026
Americans are dying younger. And young Americans are dying. Researcher Steven H. Woolf explains why to Lynn Parramore www.ineteconomics.org/perspectives...
ineteconomics.org
America’s Real Health Crisis? Economics — and a Generation Pays
Health researcher Steven H. Woolf tells INET’s Lynn Parramore why making Americans healthy again means economic policies that help working- and middle-class families. Raw raw milk won’t cut it, and ev...
003
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 06/02/2026
Democratic elites chose donors over workers. Without an aggressive economic agenda they risk becoming the permanent minority party, warns Thomas Ferguson. @bostonreview.bsky.social  www.bostonreview.net/forum/how-no...
bostonreview.net
Macroeconomics is the driver, not median voters.
Thomas Ferguson responds in a forum on “How Not to Defeat Authoritarianism.”
122
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 05/02/2026
Rogoff’s book tells the story of an establishment insider who learns to win by playing the outsider. What does that habit do to economic judgment?  www.ineteconomics.org/perspectives...
ineteconomics.org
Education of a Grandmaster
Kenneth Rogoff, Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead. Yale 2025.
010
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 04/02/2026
Researcher Steven H. Woolf uncovers the hidden ways life in America is killing us sooner. Check out convo w/ Lynn Parramore. www.ineteconomics.org/perspectives...
ineteconomics.org
Why American Life Expectancy is Falling Behind Globally, Falling Apart by State
In a discussion with INET’s Lynn Parramore, researcher Steven H. Woolf explains how the peculiar features of life, policy, and economics in America are killing us sooner, and what we can do to change ...
020
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 03/02/2026
Democratic Party = permanent minority party without something more than Obamacare tweaks, supply side tinkering, AI wonders, or abundance-by-deregulation. www.bostonreview.net/forum/how-no...
bostonreview.net
Macroeconomics is the driver, not median voters.
Thomas Ferguson responds in a forum on “How Not to Defeat Authoritarianism.”
010
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 02/02/2026
In 1990, New York and Oklahoma had the same life expectancy. Now they’re wildly different. Why? Researcher Steven H. Woolf explains to Lynn Parramore www.ineteconomics.org/perspectives...
ineteconomics.org
Why American Life Expectancy is Falling Behind Globally, Falling Apart by State
In a discussion with INET’s Lynn Parramore, researcher Steven H. Woolf explains how the peculiar features of life, policy, and economics in America are killing us sooner, and what we can do to change ...
021
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 31/01/2026
In 2016, Kevin Warsh joined Paul Volcker and other analysts for an INET session on "Closing the Gaps in Financial Regulation." Today's news highlights underscores the continuing importance of that theme. www.ineteconomics.org/events/finan...
ineteconomics.org
Financial Crises
The Volcker Alliance and the Institute for New Economic Thinking convened a group of influential thinkers for a half-day forum to discuss regulatory and structural changes needed to ensure the stabili...
010
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 29/01/2026
Insider/outsider? Rogoff was at Harvard, in IMF circles, in the top journals... Yet here is a narrative that postures towards being an outsider arguing against the consensus it helped build. www.ineteconomics.org/perspectives...
ineteconomics.org
Education of a Grandmaster
Kenneth Rogoff, Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead. Yale 2025.
031
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 28/01/2026
The real question isn’t whether crypto should have rules — it’s whose interests those rules serve. New INET research shows how political money powered crypto's hazardous phoenix-like resurrection www.ineteconomics.org/perspectives...
ineteconomics.org
Move Fast and Break Everything: Crypto and the Democrats
After FTX’s collapse, crypto looked finished. Yet Washington revived it, culminating in Trump’s GENIUS Act and a surprising Democratic shift. How did money and affluence predict pro-crypto votes, amid...
010
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 26/01/2026
Novogratz on the strong Democrat "commitment": “they realized it was really bad politics to be anti-crypto" INET’s latest Working Paper follows the political $$$ that powered this resurgence: www.ineteconomics.org/perspectives...
ineteconomics.org
Move Fast and Break Everything: Crypto and the Democrats
After FTX’s collapse, crypto looked finished. Yet Washington revived it, culminating in Trump’s GENIUS Act and a surprising Democratic shift. How did money and affluence predict pro-crypto votes, amid...
010
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 14/01/2026
Crypto was left for dead after FTX—then Washington brought it back. New research shows how political money powered its hazardous phoenix-like resurrection. www.ineteconomics.org/perspectives...
ineteconomics.org
Move Fast and Break Everything: Crypto and the Democrats
After FTX’s collapse, crypto looked finished. Yet Washington revived it, culminating in Trump’s GENIUS Act and a surprising Democratic shift. How did money and affluence predict pro-crypto votes, amid...
000
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 06/01/2026
Venezuela is an extreme case of a global pattern: rising costs, insecure work, and AI and oil companies choosing profits over people. Lynn Parramore explores what happens to workers on the front lines of an affordability meltdown www.ineteconomics.org/perspectives...
ineteconomics.org
Venezuela: The Hidden Workforce Behind Oil, AI, and a Fragile Nation
Venezuela is caught between economic collapse, foreign intervention, and the invisible machinery of the global economy.
011
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 19/12/2025
William Hartung: “Whether you’re a hawk, a reformer, or a peacenik, the system doesn’t work.” Catch @LynnParramore’s interview with Hartung and Ben Freeman on their new book, Trillion Dollar War Machine. www.ineteconomics.org/perspectives...
ineteconomics.org
Trillions for War, Pennies for People: How Soaring Military Spending Fails Americans
William Hartung and Ben Freeman, authors of Trillion Dollar War Machine, talk with INET’s Lynn Parramore about America’s runaway defense spending and its increasingly alarming human toll
020
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 10/12/2025
Exploitation isn’t abstract—it’s measurable. 👉 youtu.be/0jJZV7NgCVg 👀 Jonathan Cogliano @umassbostonecon.bsky.social shows how inequality runs deeper than income or wealth.
053
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 08/12/2025
Servaas Storm’s latest working paper argues that the heedless projections of AI’s exponential growth — which defy logic & ignore unforgiving real-world constraints — are creating an investment bubble that will be socially and financially costly when it bursts. www.ineteconomics.org/perspectives...
According to Storm’s latest INET Working Paper, AI is built on a revenue delusion 
The costs of training AI models and the cost of inference are rising
Scaling is very costly (AI application inference costs have grown ~ 10x)
Customers are unlikely to pay enough (only 5% of OpenAI users are paying subscribers)
User satisfaction w/AI tools are stagnating or declining
010
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 04/12/2025
Ciccone's New INET working paper finds the new EU fiscal rules on Italy’s debt-to-GDP ratio may slow growth and undermine the sustainability of public debt. www.ineteconomics.org/perspectives...
ineteconomics.org
Debt, Austerity, and the New EU Rules: Why Italy’s “Reform” Path Still Leads Nowhere
Europe’s revamped fiscal rules promise discipline and stability, but Italy’s numbers tell a different story. Once realistic multipliers and hysteresis are built in, consolidation pushes debt up, growt...
100
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 02/12/2025
Larry Summers’ retreat leaves America a roadmap for what economics shouldn’t be -- and what it COULD be. Lynn Parramore investigates www.ineteconomics.org/perspectives...
ineteconomics.org
5 Lessons from the End of the Larry Summers Era
Summers’ influence was immense, but so were his blind spots. It’s time for economics that values people and the planet over power and prestige.
010
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 01/12/2025
The International Conference on Digitalisation, Market, and Society organized by INET-YSI in collaboration with IISER Mohali and Brandeis University, Massachusetts, USA, from December 2-4, 2025. Find more about the conference here: www.ineteconomics.org/events/inter...
ineteconomics.org
International Conference on Digitalisation, Market and Society ​
International Conference on Digitalisation, Market and Society is a cross-disciplinary plenary on how digital transformation is altering work, gender norms, and social institutions—and how society can...
010
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 19/11/2025
We can feed every child and house every family. The problem isn’t production—it’s distribution. 👉 youtu.be/DDw2yHQ8Usc 👀 Sven Beckert explores the real story of capitalism and our modern economy in his new book: penguinrandomhouse.com/books/541160...
051