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DIY Macroeconomic Model Simulation Website
Franz Prante (Chemnitz University of Technology, Germany) and Karsten Kohler (University of Leeds, UK) have created a new website that provides free pedagogical resources for the simulation of macroeconomic models in the open-source programming languages R and Python.
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A Statement on Israel-Palestine
REI Expresses its Unresolved Solidarity with Palestinian Civilians and Their Right of Self-Determination. A statement from the Rethinking Economics International team.
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Introducing Rethinking Economics International’s New Brand Identity and Website
In this article you can find out about our new brand identity and the support local groups will receive in adopting it. You’ll also learn about this website and all the new features to improve the experience for new and existing members.
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Are higher interest rates the only tool for managing inflation?
Dr Tim Thornton explains the limits of monetary policy in addressing rocketing inflation and argues for stronger tax policy and price controls.
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Why We Need to Promote Diversity and Inclusion in a Polarised Field of Economics
The playing field in economics is far from level and its limitations in embracing diversity and inclusion possess a number of issues for learners, policy makers and those to be impacted by constrained economic policies. In this treatise, I attempt to highlight why we need diversity and inclusion in the economics field.
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Economists & Crises – Rethinking Economics Report
Were Economists Prepared for the Pandemic? 2020 has been a year of crises. The spectres of COVID19, an escalating climate emergency, persistent racial injustice and widening inequality have left societies at a crossroads. Increasingly, it is economists that governments turn to when responding to these crises, but do their economics courses do enough to prepare…
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Our World is changing. Why isn’t our economics?
This crisis was no-one’s fault. No banker took too much risk. The IMF did not hand out conditional loans and ask for COVID to be one of the conditions. The housing bubble did not burst and out came the virus. It’s time to accept our issues are not to do with individual agents but with…
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The Money Multiplier Myth
Professor of Economics Andrea Terzi shared his thoughts with the Rethinking Economics International team about the misleading textbooks content on monetary economics. Andrea, what is your experience with using textbooks when teaching monetary economics? I have long been teaching undergraduate courses in monetary economics, and I always found the most popular textbooks only partially helpful.…
