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Welcome to our newly redesigned newsletter featuring more content than we've ever offered before. Scroll down to find video highlights and recent blog posts on, as well as carefully selected links to content that we like elsewhere on the web, notable op-eds, blog posts, and more. We think you're going to like it.

Today we are presenting you the fourth video produced by "The Kids":

The Teaching of Economics

kids-video4-teaching-thumbnailThe kind of economics taught in graduate schools was the main contributor to the current crisis, claims Anatole Kaletsky - a statement that begs the question: Has economics teaching changed in response to the current crisis? “The Kids” asked a dozen economists in the halls of the Mount Washington Hotel in Bretton Woods, and we invite you to watch what they said.

Link to video

Brad DeLong admits that before the crisis he felt unease teaching models of irrational bubbles, simply because those models are not “clean” and “do not hang together.” He and Anatole Kaletsky would like to see more behavioral economics in the curriculum, models with realistic psychology. Others, like Jean-Paul Fitoussi, Ha-Joon Chang, and Stephen Ziliak, explain why their teaching remained largely what it was before the crisis. But see yourself.

About The Kids:
The History of Economics Playground began life when a small group of young historians of economics created an independent blog. INET saw the opportunity to give their thoughtful ideas a wider audience, and the History of Economics Playground is now a featured blog on

We invited these young bloggers – self-styled as "The Kids" – to attend our annual conference in Bretton Woods last April and we provided them with a video team. The Kids were playing in the halls of the Mount Washington Hotel, chasing everyone from George Akerlof to Anatole Kaletsky to Brad DeLong to James Galbraith. They produced four videos, the first three of which deal with
  1. Ethics and corruption in academia
  2. What is progress in economics?
  3. What is a good model?

Lee Price
Deputy Director for Research Programs

Please do not reply to this message. This email was generated automatically and responses are not monitored.

History of Economics Playground

Progress in Economics: A Comment
For an historical point of view, first, I think it is important to understand that what we call "progress" is something that has changed dramatically over time...

@Academia and Public, Berlin: Students as model publics
The transatlantic conference has been moving targets: sociology went first, then economics, then history, today it was political science and international relations...

Follow the INET Blog

Follow the INET Blog, and you won’t miss anything going on at INET. Grants, videos, interviews, conferences, and guest contributions – we’ll keep you posted.

Link to blog

The Money View

Europe Ground Zero: Financial Globalization versus the Nation State
At its core, this rolling crisis is really about financial globalization.  Both words are important.  When I say globalization I do not mean primarily trade in goods and services, but rather the integration of previously national money markets and capital markets...

Twisting in the Wind: While waiting for TALF
Bernanke did everything he could last week, short of a QE3 expansion of the Fed’s balance sheet, but apparently the market was expecting more...

INET recommends

Treasures from the archive


Wendy Carlin: The Challenge of Europe
The institutional wage bargaining that characterizes the German labor market was not available in the periphery, and that's one reason why inflation was low in Germany and high in the periphery, says Wendy Carlin.

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