Publications

No. 2019-13 - The Behavioral Foundations of New Economic Thinking

INET Working Paper 09 Aug 19
This paper produces an edited version of an interview conducted by Professor Eric Beinhocker, Execut...

Foundations of Economics
No. 2019-12 - A simulation of the insurance industry: The problem of risk model homogeneity

INET Working Paper 12 Jul 19
We develop an agent-based simulation of the catastrophe insurance and reinsurance industry and use i...

Risk and Resilience
Is Natural Capital Really Substitutable?

Journal in Annual Review of Environment and Resources
11 Jul 19
Forthcoming in: Annual Review of Environment and Resources

Economics of Sustainability
No. 2019-11 - Emergent Inequality and Endogenous Dynamics in a Simple Behavioral Macroeconomic Model

INET Working Paper 05 Jul 19
Here we build on a standard macroeconomic model in which a single rational representative household ...

Financial System Stability
I Am a Carbon Abolitionist

Article 28 Jun 19
The future of our species and planet depends on creating a mass social movement motivated by moral a...

Foundations of Economics Economics of Sustainability
No. 2019-10 - Scenario-Free Analysis of Financial Stability with Interacting Contagion Channels

INET Working Paper 23 Jun 19
Currently financial stress test simulations that take into account multiple interacting contagion me...

Risk and Resilience Financial System Stability
Eric Beinhocker: New economic and moral foundations for the Anthropocene

Video 20 Jun 19
This talk will argue that underlying the current dominant model of capitalism are a set of theories ...

Foundations of Economics Future of Capitalism
Automation and occupational mobility: A data-driven network model

Working Paper 17 Jun 19
Based on empirical data we construct an occupational mobility network where nodes are occupations an...

Risk and Resilience Financial System Stability
No. 2019-09 - Has the Middle Secured Its Share of Growth or Been Squeezed?

INET Working Paper 17 Jun 19
In striking contrast to the notion that democracy is under threat because ‘the middle’ has been ‘squ...

Economic Growth and Innovation Economic Inequality
The concerns of the young protesters are justified

Journal in GAIA
10 Jun 19
In March 2019, German-speaking scientists and scholars calling themselves Scientists for Future, pub...

Economics of Sustainability
No. 2019-07 - Inequality and Real Income Growth for Middle and Low-income Households Across Rich Countries in Recent Decades

INET Working Paper 06 Jun 19
This paper places what has happened to income inequality in rich countries over recent decades along...

Economic Growth and Innovation Economic Inequality
The economy as a complex and evolving system

Video 05 Jun 19
Rethinking Capitalism undergraduate module, Week 5 academic lecture: The economy as a complex and ev...

Foundations of Economics
No. 2019-08 - Firm Heterogeneity and the Aggregate Labour Share

INET Working Paper 04 Jun 19
Using a static model of firm behaviour with imperfect competition on the product and labour markets,...

Economic Growth and Innovation Economic Inequality
Direct and indirect electrification of chemical industry using methanol production as a case study

Journal in Applied Energy
01 Jun 19
This work aims to explore the electrification of chemical industry taking the production of methanol...

Economics of Sustainability
No. 2019-06 - Insiders under pressure: Flexible employment and wage inequality

INET Working Paper 31 May 19
This paper explores whether the deregulation of flexible employment exacerbates wage inequality amon...

Economic Inequality
No. 2019-05 - The Median Versus Inequality-Adjusted GDP as Core Indicator of ‘Ordinary’ Household Living Standards in Rich Countries

INET Working Paper 30 May 19
This paper first highlights the extent to which GDP per head will be unreliable as an indicator of h...

Economic Inequality