Working Papers Series

From Institute for New Economic Thinking
Contact information at EDIRC.
Bibliographic data for series maintained by Pia Malaney ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

74: Too Big to Fail U.S. Banks` Regulatory Alchemy: Converting an Obscure Agency Footnote into an `At Will` Nullification of Dodd-Frank`s Regulation of the Multi-Trillion Dollar Financial Swaps Market

Michael Greenberger

73: A Distorting Mirror: Major Media Coverage of Americans` Tax Policy Preferences

Daniel Chomsky

72: Where Do Profits and Jobs Come From? Employment and Distribution in the US Economy

Lance Taylor and Ozlem Omer

71: Corporate Scandals and Regulation

Luzi Hail, Ahmed Tahoun and Clare Wang

70: Persistent Effects of Autonomous Demand Expansions

Daniele Girardi, Walter Paternesi Meloni and Antonella Stirati

69: Inequality in the 21st Century:A Critical Analysis of Piketty`s Work

Nadia Garbellini

68: The Price of a Vote: Evidence from France, 1993-2014

Yasmine Bekkouche and Julia Cagé

67: Lending a Hand: How Small Black Businesses Supported the Civil Rights Movement

Louis Ferleger and Matthew Lavallee

66: Industrial Structure and Party Competition in an Age of Hunger Games:Donald Trump and the 2016 Presidential Election Donald Trump and the 2016 Presidential Election

Thomas Ferguson, Paul Jorgensen and Jie Chen

65: Bubbles as violations of efficient time-scales

Hyun-U Sohn and Didier Sornette

64: Europe`s Zombie Megabanks and the Differential Regulatory Arrangements that Keep Them In Play

Edward Kane

62: Innovative Enterprise Solves the Agency Problem: The Theory of the Firm, Financial Flows, and Economic Performance

William Lazonick

61: Diversity in economics: a gender analysis of Italian academic production

Giulia Zacchia

60: US Pharma`s Financialized Business Model

William Lazonick, Matt Hopkins, Ken Jacobson, Mustafa Erdem Sakinç and Oner Tulum

59: The Qualitative Expectations Hypothesis: Model Ambiguity, Consistent Representations of Market Forecasts, and Sentiment

Roman Frydman, Soren Johansen, Anders Rahbek and Morten Tabor

58: The Functions of the Stock Market and the Fallacies of Shareholder Value

William Lazonick

57: `Many-citedness`: Citations Measure More Than Just Scientific Impact

Carlo D’Ippoliti

56: The Political Economy of Mass Incarceration: An Analytical Model

Peter Temin

55: The New Normal: Demand, Secular Stagnation and the Vanishing Middle Class

Servaas Storm

54: The Value-Extracting CEO: How Executive Stock-Based Pay Undermines Investment in Productive Capabilities

William Lazonick

53: The Equal Employment Opportunity Omission

William Lazonick, Philip Moss and Joshua Weitz

52: The Personal Wealth Interests of Politicians and the Stabilization of Financial Markets

Ahmed Tahoun and Laurence van Lent

51: The EuroZone `Debt’ Crisis: Another `Center’ – `Periphery’ Crisis Under Financial Globalization?

Arturo O’Connell

50: The performativity of potential output: Pro-cyclicality and path dependency in coordinating European fiscal policies

Philipp Heimberger and Jakob Kapeller

49: The Mismeasure of Mammon: Uses and Abuses of Executive Pay Data

Matt Hopkins and William Lazonick

48: How Money Drives US Congressional Elections

Thomas Ferguson, Paul Jorgensen and Jie Chen

47: Political Lending

Ahmed Tahoun and Florin Vasvari

46: Latent Instrumental Variables: A Critical Review

Irene Hueter

45: On Historical Household Budgets

Brian A`Hearn, Nicola Amendola and Giovanni Vecchi

44: Stock-Market Expectations: Econometric Evidence that both REH and Behavioral Insights Matter

Roman Frydman and Josh Stillwagon

43: Ethics vs. Ethos in US and UK Megabanking

Edward Kane

42: A Method for Agent-Based Models Validation

Mattia Guerini and Alessio Moneta

41: Carbon Emissions and Economic Growth: Production-based versus Consumption-based Evidence on Decoupling

Goher-Ur-Rehman Mir and Servaas Storm

40: Luigi Pasinetti and the Political Economy of Growth and Distribution

Joseph Halevi

39: Household Borrowing and the Possibility of Consumption- Driven, Profit-Led Growth

Mark Setterfield and Yk Kim

38: Exploring the Concept of Homeostasis and Considering its Implications for Economics

Antonio Damasio and Hanna Damasio

37: Understanding the Great Recession: Some Fundamental Keynesian and Post-Keynesian Insights, with an Analysis of Possible Mechanisms to Achieve a Sustained Recovery

Mario Seccareccia and Marc Lavoie

36: Comments on Paul Davidsons Full Employment, Open Economy Macroeconomics, and Keynes General Theory: Does the Swan Diagram Suffice?

Peter Temin and David Vines

35: Full Employment, Open Economy Macroeconomics, and Keynes' General Theory: Does the Swan Diagram Suffice?

Paul Davidson

34: A Theory of How and Why Central-Bank Culture Supports Predatory Risk-Taking at Megabanks

Edward Kane

33: Learning, Expectations, and the Financial Instability Hypothesis

Martin Guzman and Peter Howitt

32: Veiled Repression: Mainstream Economics, Capital Theory,and the Distributions of Income and Wealth

Lance Taylor

31: Inequality, Debt Servicing, and the Sustainability of Steady State Growth

Mark Setterfield, Yk Kim and Jeremy Rees

30: Debt Servicing, Aggregate Consumption, and Growth

Mark Setterfield and Yk Kim

29: The Greek "Rescue": Where Did the Money Go? An Analysis

Pablo Bortz

28: Did Quantitative Easing Increase Income Inequality?

Juan Montecino and Gerald Epstein

27: Elasticity and Discipline in the Global Swap Network

Perry Mehrling

26: The American Dual Economy: Race, Globalization, and the Politics of Exclusion

Peter Temin

25: Innovative Enterprise or Sweatshop Economics? In Search of Foundations of Economic Analysis

William Lazonick

24: The Cyclically Adjusted Budget: History and Exegesis of a Fateful Estimate

Orsola Costantini

23: The Political Movement that Dared not Speak its own Name: The Neoliberal Thought Collective Under Erasure

Philip Mirowski

22: Long-term trends in intra-financial sector lending in the U.S. 1950 - 2012

Gerald Epstein, Iren Levina and Juan Montecino

21: Intra-Financial Lending, Credit, and Capital Formation

Juan Montecino and Gerald Epstein

20: When Credit Bites Back: Leverage, Business Cycles and Crises

Oscar Jorda, Moritz Schularick and Alan Taylor

19: The Cold War Hot House for Modeling Strategies at the Carnegie Institute of Technology

Judy Klein

18: Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis

Mariana Garcia-Schmidt and Michael Woodford

17: Wealth Concentration, Income Distribution, and Alternatives for the USA

Lance Taylor, Ozlem Omer and Armon Rezai

16: Tracking Variation in Systemic Risk at US Banks During 1974-2013

Armen Hovakimian, Edward Kane and Luc Laeven

15: Skill Development and Sustainable Prosperity:Cumulative and Collective Careers versus Skill-Biased Technical Change

William Lazonick, Philip Moss, Hal Salzman and Öner Tulum

14: Who Invests in the High-Tech Knowledge Base?

Matt Hopkins and William Lazonick

13: Household Income, Demand, and Saving: Deriving Macro Data with Micro Data Concepts

Barry Cynamon and Steven Fazzari

12: Three Measures of Environmental Inequality

James Boyce, Klara Zwickl and Michael Ash

11: Wage Increases, Transfers, and the Socially Determined Income Distribution in the USA

Lance Taylor, Armon Rezai, Rishabh Kumar, Nelson Barbosa-Filho and Laura Barbosa de Carvalho

10: Crisis and Recovery in the German Economy: The Real Lessons

Servaas Storm and C.W.M. Naastepad

9: Inequality, the Great Recession, and Slow Recovery

Barry Cynamon and Steven Fazzari

8: Change and Rationality in Macroeconomics and Finance Theory: A New Rational Expectations Hypothesis

Roman Frydman and Michael Goldberg

7: Beyond Market Failures: The Market Creating and Shaping Roles of State Investment Banks

Mariana Mazzucato and Caetano Penna

6: An Economical Business-Cycle Model

Pascal Michaillat and Emmanuel Saez

5: Have Large Scale Asset Purchases Increased Bank Profits?

Juan Montecino and Gerald Epstein

4: Labor in the Twenty-First Century:The Top 0.1% and the Disappearing Middle-Class

William Lazonick

3: Sovereigns versus Banks: Credit, Crises and Consequences

Oscar Jorda, Moritz Schularick and Alan Taylor

2: New Evidence for the Present-Value Model of Stock Prices: Why the REH Version Failed Empirically

Roman Frydman, Michael Goldberg and Nicholas Mangee

1: Unemployment and Innovation

Joseph Stiglitz