By Scott Carter, We are marking the beginning of the upload of the Trinity 2.0 arrangement of the Sraffa Papers. You can find the most recent iteration of my paper here. Look especially at the Appendix, as there can be found (i) the hyperlinks for D2/4 Sraffa’s Lecture Notes on the Advanced Theory of Value … More Trinity 2.0 Update & INET Conference in Scotland
In a world composed of global value chains, headline global trade data can mask the truth about how much exports are actually benefiting a country, according to professor Xiao Jiang from Denison University. Here’s why: If a country’s imports of semi-finished goods contain significant high-skill labor content, that country will lose will lose domestic share … More Xiao Jiang on Why Exports Alone Can’t Make Poor Countries Rich
Are corporations’ financial investments crowding out other corporate spending? Leila Davis looks at the financialization of non-financial corporations—i.e., firms that traditionally produce goods and services and invest in machinery, buildings and technology rather than trade in financial assets—and asks what it means that they’re taking on large financial investments. We know that the same time … More Leila Davis: Are Corporations’ Financial Investments Slowing Growth?
By William Lazonick, The prevailing stock market ideology enriches value extractors, not value creators. Conventional wisdom holds that the primary function of the stock market is to raise cash that companies use to invest in productive capabilities. The conventional wisdom is wrong. Academic research on corporate finance shows that, compared with other sources of funds, … More How “Shareholder Value” is Killing Innovation
Since the last big events concerning this topic (Brexit and Trump’s victory), there has been a myriad of editorials and academic articles on the roots of those speeches and practices associated to mid twentieth century totalitarian doctrines (especially nazism and fascism). However, we believe that there is still a blind spot concerning new economic concepts … More Call For Abstracts: “States place in a globalized economy and the reemergence of nationalism,” INET
Josh Mason from John Jay College CUNY doesn’t think teaching contending economic theories is effective, and sees the objective of introductory economics courses as teaching students basic tools to understand economic terminology, national accounts, and standard relationship between cause and effect.
Economics is not, nor can it be, value-free. George DeMartino discusses economist’s influence, whether they should ever lie, and the irreparable ignorance that haunts economics. DeMartino argues for professional ethics in economics as a field of study beyond a code of conduct.