This session covers Reading 1: Four encyclopedia chapters by Allyn Young. Young Study Questions Writing in the 1920s, Young shares his perspective on the nature of money and credit, the importance of a monetary standard, and the purpose of banking. He also runs through a brief history of the United States banking system leading up …
INET Young Scholars Workshopfollowing the INEM ConferenceCampus San Giobbe, Ca' Foscari University of Veniceorganized byINET YSI Philosophy of Economics Working GroupMay 26, 2023, 3-7 pm, Venice, Italy These days we are witnessing PhD graduates in economics embarking on careers as data scientists in big tech companies. Economists have also a growing interest in the recent …
The role of economics and economists in times of digital data Read More »
In this webinar, Professor Mariana Mazzucato, the Founding Director of the UCL Institute for Innovation and Public Purpose, will discuss the need for new economic thinking to support effective policy, in conversation with Professor Carlota Perez and YSI. This discussion will explore the broader relationship between theory and practice, and between academia and policymakers. Dissatisfied …
How academia can (and should) support policymakers Read More »
In his works Adam Smith, one of the founding fathers of modern economics, theorised the pivotal role of self-interest in the economy. What modern economics did not say (until Marçal’s book “Who Cooked Adam Smith’s Dinner?”) is that, for his entire life, Smith’s mother cooked him dinner. Not out of self-interest, but out of love. …
Care Economics: Towards new directions of research Read More »
The Ph.D. Academy on ‘Innovation, Development & Policy’ is co-organized by The North America and Caribbean Chapter of the Globelics Academy (NACLICS, www.naclics.org), HEC Montréal, and the Sobey School of Business at Saint Mary’s University.The Academy addresses innovation, development, and policy from a multidisciplinary perspective and is relevant to the Global South and the Global …
The Ph.D. Academy on ‘Innovation, Development & Policy’ is co-organized by The North America and Caribbean Chapter of the Globelics Academy (NACLICS, www.naclics.org), HEC Montréal, and the Sobey School of Business at Saint Mary’s University. The Young Scholars Initiative is an important partner in this effort as well as one of the co-sponsors. The PhD …
This session covers Lecture 3: Money and the State: Domestic and Lecture 4: The Money View, Micro and Macro. Lecture 3 Notes Lecture 4 Notes Lecture 3 builds on last week's Allyn Young reading in discussing the history of the US monetary system from the Civil War through the national banking system's evolution into the …
“Rethinking Globalization” YSI will be attending the second Turin International Festival of Economics hosted from 1 June - 4 June 2023. We will dedicate the mornings to a variety of young scholar sessions and have ample time to enjoy the Festival, which this year runs under the theme: “Rethinking Globalization”. The festival sessions will take …
Discussion of IMF Trust Bridges paper: https://www.imf.org/en/Publications/fintech-notes/Issues/2023/03/03/Trust-Bridges-and-Money-Flows-A-Digital-Marketplace-to-Improve-Cross-Border-Payments-528038
This session covers Reading 2: The vision of Hyman P. Minsky by Perry Mehrling. Minsky Study Questions This is an intellectual biography of Hyman Minsky written by Mehrling in 1999. Minsky put the problem of liquidity front and center. Among other things, this reading emphasizes Minsky’s financial instability hypothesis and its connection to the settlement …
How can different types of food be linked to development policies? In this third webinar of the "Development Talks" Series, Prof Matias Vernengo (Bucknell University) discusses his co-authored book "Why Latin American Nations Fail: Development Strategies in the Twenty-First Century ". The book brings together leading Latin Americanists from several disciplines to address the topic …
Development Talks: Why Latin American Nations Fail with Matías Vernengo Read More »
This session covers Lecture 5: The Central Bank as a Clearinghouse and Lecture 6: Federal Funds, Final Settlement. Lecture 5 Notes Lecture 6 Notes Lecture 5 describes the interconnectedness of bank balance sheets that allow the payment system to operate smoothly. The hierarchical structure of the US payment system emerged in the form of correspondent …