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From: "Eric Weiner, INET" <Eric_Weiner_INET@mail.vresp.com>
To: dharao4@yahoo.co.uk
Sent: Thursday, 16 August 2012, 16:26
Subject: Leading European Thinkers Debate ICEC Statement

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About l Videos l Blogs l Facebook l Twitter August 16, 2012

Leading Euro Thinkers Debate ICEC Statement

The July 23 statement by the INET Council on the Euro Zone Crisis (ICEC) made waves throughout Europe and had a major impact on the economic policy discussion. But it was also the subject of much debate. One of these critiques came from Heiner Flassbeck, a director at the United Nations Conference on Trade and Development. INET’s Rob Johnson responded to the criticism, saying that he “welcomes the challenge of such a creative thinker.” Johnson then delved into Flassbeck’s insights into the euro zone crisis and Flassbeck replied to Johnson on the INET Blog by more deeply exploring his suggestion that changes in wages and productivity – and the unneighborly German economic policies that drove them – were at the heart of what created the crisis.

Read the Exchange Here

How Do You Model the Unmodelable?

Four INET grantees (Roman Frydman, Michael Goldberg, Søren Johansen, and Katarina Juselius) have joined forces to examine the issue.

In this latest installment of INET's series
30 Ways to Be an Economist, each shares how they came to study this innovative topic in new economic thinking and what it means to research imperfect knowledge and non-routine change.

Watch The Video

Are Economists at Fault for Recent Crises?

In a recent interview, INET Advisory Board member and Executive Director for Financial Stability at the Bank of England Andy Haldane took aim at the economics profession.

“I think one of the great errors we as economists made in pursuing that was that we started believing the assumptions of economics, and saying things that made no intellectual sense,” Haldane said

Read The Story

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