Thumbnail for How to Help Greece and Europe

How to Help Greece and Europe

16 Jul 2015

INET Oxford executive director Eric Beinhocker discusses how to fix the Greek crisis on MSNBC and in two Bloomberg pieces. In two segments on MSNBC’s "Three Cents” programme Beinhocker discusses the Greek crisis with Josh Barro of the New York Times, Martin Wolf and Robin Wigglesworth of the Financial Times, and Tom Nuttall of the Economist.   These interviews build on two pieces Beinhocker wrote for Bloomberg View where he argues that the current design of the eurozone is a “halfway-house of horro...

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Thumbnail for Greece and Europe need a managed ‘Grexit' with help

Greece and Europe need a managed ‘Grexit' with help

08 Jul 2015

Eric Beinhocker writes in Bloomberg View that at this point in the crisis the best outcome for both Greece and Europe would be a managed transition from the euro with lots of help and for Greece to remain in the EU. The Greek people have voted “no”, rejecting further austerity in exchange for another bailout. But INET’s Oxford’s executive director Eric Beinhocker argues that the real answer to Greece’s problems was not on Sunday’s ballot. Voters were offered a Hobson’s choice between ...

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Thumbnail for Getting to net zero: what role for investors in the energy industry? New research initiative announced

Getting to net zero: what role for investors in the energy industry? New research initiative announced

08 Jul 2015

  How can investors in the energy industry be part of the drive to ensure that the world achieves net zero carbon emissions in order to avoid dangerous climate change? A new research programme, the Oxford Martin Safe Carbon Investment Initiative, seeks to answer this question, working with investors and industry to create a set of criteria for safe fossil fuel investment as the world works to avoid a temperature rise of more than of 2°C above pre-industrialised levels. Professor Myles Allen and Profess...

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Thumbnail for Joachim Mowinckel Named Norwegian Economics Student of the Year

Joachim Mowinckel Named Norwegian Economics Student of the Year

29 Jun 2015

Joachim Mowinckel was named by Nova, a Norwegian student and business network, as the top student in economics this year.  The results were reported in the Norwegian newspaper Finansavisen alongside winners in IT and Engineering.  Mowinckel s an MPhil in Economics student affiliated with INET Oxford and is co-supervised by Eric Beinhocker and Ian Crawford.  Mowinckel recently submitted his thesis on “Estimating Age, Period and Cohort Effects on US Income Inequality:  An Entropy-Based Approach.&qu...

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Thumbnail for Dr Felix Pretis awarded British Academy Postdoctoral Fellowship

Dr Felix Pretis awarded British Academy Postdoctoral Fellowship

29 Jun 2015

Dr Felix Pretis has been awarded a Postdoctoral Fellowship by the British Academy for his research on econometric modelling of climate change. These three year Fellowships enable exceptional early career scholars to complete a landmark research project and fulfil their outstanding potential by giving them the best opportunity to build a long and successful academic career in the Humanities and Social Sciences.  http://www.britac.ac.uk/funding/Postdoctoral_Fellows.cfm        

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Try out LaborSim

26 Jun 2015

Omar Guerrero has created on on-line agent-based simulation that shows how the network structure of firms affects employment and the potential impact of policies. For several years Omar Guerrero, a research fellow with INET Oxford and the Said Business School, has been conducting research on how the network structure of labor flows between firms impacts aggregate employment dynamics.  Along with his collaborators Eduardo Lopez, also of INET Oxford and Said Business School, and Rob Axtell of George Mason University, usi...

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Thumbnail for Professor Sir Tony Atkinson to lead new Commission on Global Poverty

Professor Sir Tony Atkinson to lead new Commission on Global Poverty

25 Jun 2015

Professor Sir Tony Atkinson is to chair the new World Bank Commission on Global Poverty, which will report on the best ways to measure and monitor poverty around the world and help the World Bank Group achieve its twin goals and also track other forms of poverty and deprivation. The new Commission, made up of 24 leading international economists, was announced by the World Bank's Chief Economist, Kaushik Basu. Professor Atkinson, a leading authority on the measurement of poverty and inequality, is a Senior Fell...

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Thumbnail for The Long Road Road Back to Ethical Finance

The Long Road Road Back to Ethical Finance

15 Jun 2015

We all know the story of the last 30 years in financial services: The 'big bang' deregulation initiated in the Thatcher/Reagan period (and carried on through to the 21st century) led to a much more permissive and international trading environment. The industry consolidated into large universal banks, and commoditized the services which these banks provided. Financial gain came to prevail and the interests of clients became relevant only to the extent that they further the financial performance of those who provide products ...

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Thumbnail for The 'curious optimism of the godfather of inequality’

The 'curious optimism of the godfather of inequality’

04 Jun 2015

Professor Sir Tony Atkinson is interviewed by the Independent and his book ‘Inequality:  What Can be Done?’ is reviewed by the New York Times In an interview in the Independent, Tony Atkinson of INET Oxford and the LSE says that the debate on inequality sparked by Thomas Piketty “has presented the issue in a way that’s attracted a lot of attention” but argues that more attention must be paid to what practically can be done about it.  When pushed on whether the 15 proposals in his book are ...

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Thumbnail for When is a bank “systemically important”?

When is a bank “systemically important”?

27 May 2015

New research from Doyne Farmer and collaborators shows that the organisational complexity of banks may impact financial stability. To date, the designation of systemically important financial institutions (SIFIs) has resulted from an evaluation of the size of an institution combined with an assessment of its level of interconnectedness with other firms.  Yet in addition to size and interconnectedness, the Financial Stability Board (FSB) definition of a SIFI includes a third attribute:  institutional complexity.  ...

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Thumbnail for Britain’s “monstrous and unique” property tax system

Britain’s “monstrous and unique” property tax system

21 May 2015

Council tax has replaced credit cards as the UK’s biggest debt problem writes John Muellbauer in the Financial Times. For the full article click here. (Subscription required)

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Thumbnail for Invention as a combinatorial process: evidence from U.S. patents.

Invention as a combinatorial process: evidence from U.S. patents.

30 Apr 2015

A broadly accepted idea in the literature on innovation is that innovation comes from two sources:  entirely new inventions, and re-combining elements of existing inventions into new forms.  But while this idea has been intuitively accepted, to date there has been little quantitative evidence.  In an analysis of the entire US patent record, INET Oxford's Dr. Hyejin Youn and her colleagues on a US Department of Energy supported project have shown that during the industrial revolution there was much innovation that...

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