Posts Tagged ‘INET’
Some time ago we got an e-mail from the guys at the Institute for New Economic Thinking (INET) asking if we were interested in shifting our playground in their direction? Well, as of Sunday we have moved our swings and slides to the brand new ineteconomics.org/blog/playground.
So what does that mean? First off we intend to continue in the same vein and in keeping content control we think not much is changing… As usual, new young and restless (and good looking) historians will join as others move on, so the only change is if you are using RSS feeds, then you will need to update it. Other than that, it’s the same playground – only shinier.
OK, so it’s a lot shinier. In April – as you’ll know – they agreed to ship us to the INET conference, and our shiny badges means we get interviews with people who we would not otherwise bump into. We’ve also been given a video editor who is working on the interview films which will be ready soon! Then they asked if we would be interested in covering the history related INET grants and presentations, meaning travel money and hopefully interesting blog posts. Reality is that we’d be reading this stuff anyway, but somehow INET agreed to fund our trips – I fear they missed our reservation price of zero. That said, we may have missed their reservation price too, as part of the deal includes a $25,000 grant to pay for research, travel and other work related to the blog and history, so expect more archival stories and maybe even a comic. All-in-all, we think this is a great opportunity, and if it all goes haywire, we’ll always have this spot.
So on behalf of everyone, I hope you like where we are taking this, and that you’ll join us. I noticed that Pedro and Yann have already started posting over on ineteconomics.org/blog/playground, so please, come over and play.
There are a lot of universities represented here, but who are the most likely candidates for participation and who might one expect INET to be interested in? I don’t have anything to do with INET monetas, but know that so far they have partnered with the LSE in London and Oxford University and I presume they are looking for other friends and partners in crime. Using the participant list and some nimble excel sheets, it turns out that the American North East is well represented (to be expected), and there are definetly a top ten (well, nine) coming out for new thinking:
|Balsilie int’l affairs||5||4||1||0||0|
|U. Mass (Amherst)||4||1||2||1||0|
|Central European U.||3||0||3||0||0|
So it’s the local schools first, with Harvard and Boston topping, but Columbia, New School and Balsilie have a very strong presence here, with students and faculty showing up. So perhaps some potential partners are to be found in this list, it seems full of good candidates both for new economic thinking and new ideas. As for INET’s current partners, they find themselves in the ‘also rans’ with 2 representatives each. Although, you can’t say they aren’t in good company: Bard, Cambridge, Carleton, Duke, Freie (Berlin), LSE, MIT, New South Wales (Sydney), NYU, Oxford, Roosevelt, Santa Fe Inst, Stanford, UCL & UCLA.
Security is tight here, I mean passport checks in the bus coming in, a K-9 unit, police presence, big private security guys with ear-buds and lapels roaming the corridors, and big signs on everyone’s chest to show that they belong. And for the first time in my life I’ve been picketed. Well, ten guys with placards, but when I went to take a picture and talk to them, they hadn’t yet showed up today. Disappointing as it was already 11am – and we were on-site at 7.15. So who are these people. Rumours suggest that they are not your usual anti-capitalists (despite their lone sign that was left behind), but they are tea-partyers.
I will try and run out during lunch (it’s a bit of a walk from here to the entrance) and see if I can’t catch them for a chat about their wants and needs. Hey, we are supposed to be rowing bloggers and this is too good to miss. Also, I am a bit baffled about this.
In the meantime, Tiago and Floris interviewed Akerlof (v. cool I am told), Richard Koo (Nomura Research Institute) just gave a talk about what we can learn from Japan. Yes learn from Japan. His slides are really worth looking at as they tell a story of how government can step in, and how money supply changes can occur without affecting the underlying economy. Duncan Foley (paper) preceded him to point out that if you net out the sectors where the national accounts impute Value Added, then the picture of the 2000 and 2008 recessions look a lot worse (and similar) than we may have thought. Oh, and on Q4 2010 figures, the US is looking very double dippish…
The INET conference is not intimidating at all. It’s 8.20am, the conference has not started, we are getting on a bus to Bretton Woods from Boston, and next to me are Ha-Joon Chang and Robert Skidelsky discussing structural deficits, while Fitoussi is in front of me after we finished a quick chat about welfare measurement. Bad morning to miss coffee. Two and a half hour later we’ve not only reached Bretton Woods but I’ve reached some new ideas and debates.
Lunch got even better, at the table with Skidelsky, Christian Wigstrom (on the INET curriculum board), Richard Brock, John Kay and Duncan Foley… And the name dropping has become silly by the time we’d made it to dinner. Haven’t made an ass of myself, which is always nice. At this point the conference is yet to start. From that I have a host of things, but for now, the best quote of the day about the 1944 US Treasury chief negotiator at Bretton Woods in 1944: “This is an overstatement, but, Harry Dexter White was a communist.” –Larry Summers, 8 April 2011. That followed a very warm recollection of Mr. White by the IMF Historian… Lovely