Institute for New Economic Thinking (original) (raw)
Article | Labor, Philosophy & Ethics, Technology & Innovation
What Does it Mean to Work Under Algorithmic Eyes?
AI surveillance and algorithmic management threaten worker autonomy and dignity. It’s time for a rethinking of rights. Part of “AI and the Future of the American Worker,” a series on how artificial intelligence is impacting labor, power, and the meaning of work.
Article | Laws
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 whether conduct undermines the competitive process itself as per the newly revitalized Protect Competition Standard?
By Mark Glick, Gabriel Lozada, and Darren Bush
Article | Finance, Government & Politics, Macroeconomics
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 to make money belongs first to the legislature, not the executive.
Article | Development, Government & Politics, Health, Inequality & Distribution, Technology & Innovation
Transforming Corporate Governance to Improve Access to Medicines in the Global South
Affordable medicines remain out of reach for millions because pharmaceutical innovation is organized around value extraction, not public health. How do shareholder-driven governance and fragmented global health financing reinforce inequity, and what structural reforms are needed to reverse it?
By Padmashree Gehl Sampath, Öner Tulum, and William Lazonick
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Video
Capitalism
A Global History
Featuring Sven Beckert
Video
Economics and History Are Inseparable
Featuring Emma Rothschild
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America’s New Aristocracy
Featuring Ray Madoff
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Wealth, Power, and Populism in India
Featuring Sripad Motiram
Video
Why Drug Prices Keep Rising
Featuring Öner Tulum
Beneath the grand claims and vast capital spending, AI is delivering weak productivity, mounting losses, and growing financial strain. If the boom cannot generate profits, jobs, or durable gains, how much longer can the bubble hold?
What should courts prioritize in determining antitrust cases: measurable welfare effects, or the protection of competitive rivalry itself? The Consumer Welfare Standard and the Protect Competition Standard offer different answers.
By Mark Glick, Gabriel Lozada, and Darren Bush
As the Supreme Court’s unitary executive theory reaches the Federal Reserve, a deeper constitutional question comes into view: who holds the power to make money?
After FTX’s collapse, crypto looked finished. Yet Washington revived it, culminating in Trump’s GENIUS Act and a surprising Democratic shift. How much did money and affluence predict pro-crypto votes, amid widening deregulation and cyber risk?
By Thomas Ferguson, Jie Chen, Matthias Lalisse, and Paul Jorgensen
The global medicine-access crisis is not simply a failure to balance innovation and affordability. It reflects a deeper system in which shareholder-driven pharmaceutical governance and fragmented donor structures undermine public health and block the shift toward more equitable value creation.
By Padmashree Gehl Sampath, Öner Tulum, and William Lazonick
Investigations into the possible effects of the fiscal consolidations required under the new European fiscal rules on Italy’s debt-to-GDP ratio find that the new governance framework may lead to the pro-cyclical tightening, weaker growth and adverse debt dynamics that characterized earlier phases of EU fiscal governance.
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LEPC VII: Growth Strategy in the States
LEPC VII will bring together leading thinkers, practitioners, and policymakers to analyze the drivers behind this sub national success, and to chart actionable pathways for the future. Each session outlined explores a foundational dimension of India’s growth story, with attention to both policy diagnosis and on-the-ground innovation.
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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 respond inclusively.
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Monsoon School on Inequality 2025
The focus of this year’s monsoon school is on pluralistic approaches to research on inequality, bringing together perspectives from varied streams of economic thought. It will provide an interactive platform for advanced-level PhD students, postdoctoral researchers, and scholars affiliated with Indian research institutes to engage with diverse concepts, debates, and methodologies related to inequality.
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The Political Economy of Ecological Change and Economic Security in the Global South
The urgency of the climate crisis cannot be overstated, particularly given its disproportionate impact on vulnerable communities in the Global South.
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The End of Globalization? With Paul Krugman
Four months of the Trump presidency have already changed the world as we knew it. How did we get here? What consequences have the tariffs had and will have? How will U.S.-European trade relations evolve? What about the confrontation with China?
Webinars and Events
Trump, Tariffs, and the World Crisis
with THOMAS FERGUSON, RESEARCH DIRECTOR, INET
YSI projects are collaboratively organized by members of the community to explore topics in new economic thinking. Projects may be held virtually (discussions, webinars, reading groups) or in person (workshops, pre-conferences). Learn more about YSI here