648 Ergebnisse
Steve Keen analyses how mainstream economics fails when confronted with the covid-19-pandemic. Mainstream economics has propagated the dismantling of the state and the globalization of production - both of which make the crisis now so devastating. More fundamentally, mainstream economics deals with market systems, when what is needed to limit the virus’s spread is a command system.
The Coronavirus and the End of Economics
One method of economic modelling that has become increasingly popular in academia, government and the private sector is Agent Based Models, or ABM. These simulate the actions and interactions of thousands or even millions of people to try to understand the economy – for this reason ABM was once described to me as being “like Sim City without the graphics”. One advantage of ABM is that it is flexible, since you can choose how many agents there are (an agent just means some kind of 'economic decision maker' like a firm, consumer, worker or government); how they behave (do they use complicated or simple rules to make decisions?); as well as the environment they act in, then just run the simulation and see what happens as they interact over time.
Agents, agents everywhere
This introductory text explores the political economy of water by defining the subject and examining its key issues.
The political economy of water
An article in the New York Times from early 2025 suggests that the political influence of mainstream economics is declining. While economists have been highly influential in supporting and shaping free-market policies in recent decades, their expertise has become less relevant during intensified economic crises that necessitate state interventions.
The Strange Non-Death of Mainstream Economics
Mainstream inflation theories in economics do little to explain the recent acceleration in price increases. The associated economic policy recommendations further increase the misery of low-income groups.
The inflation conundrum
Capitalism is dissolving boundaries - not only in the sense of ever-expanding global trade flows, but also in the concrete everyday working lives of individuals. What implications does this have for our understanding of freedom, work and borders?
Capitalism & Boundaries
In parallel to rising inflation numbers, the concept of profit inflation has clearly risen to prominence in recent years. But what is it exactly? This dossier aims not only to collect the most important publications on profit inflation but also intends to map out the development of the discourse and the different positions within the debate.
Profit Inflation: Mapping the debate
Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Yes, Money is Endogenous. Who Cares?
Financial Evolution at the Speed of Thought A new evolutionary explanation of markets and investor behaviorHalf of all Americans have money in the stock market yet economists can t agree on whether investors and markets are rational and efficient as modern financial theory assumes or irrational and inefficient as behavioral …
Adaptive Markets
The outbreak of COVID-19 has substantially accelerated the digitalization of the economy. Yet, this unprecedented growth of digital technology brought novel challenges to the labour market. Rise in income inequalities and precarious working conditions or polarization of jobs. In this essay, we try to assess what tools to use to counter these trends.
Post-pandemic future of work - How does digitization impact labour?
As the Covid-19 fueled economic downturn begins to intensify this winter, an extended study of the Italian cooperative sector’s historical resilience in times of crisis can serve as a learning experience for other countries seeking to create policies that foster more stable economies, with job security, care for marginalized communities and adequate counter-cyclical policies. Particularly, the Italian cooperative sector’s contributions to three aspects should be noted in closing. Firstly, the innovative phenomenon of cooperative enterprises has contributed to social inclusion of immigrant communities, the activation of youth, the unemployed and people with disabilities, a true compensation for both a market and state failure. Secondly, they have contributed to a reduction in income and wealth inequalities at a time when the issue of inequality is of global significance. Thirdly, the Italian cooperative movement has helped local communities revitalize in the face of demographic shifts and rendered them more resilient to the ravages of globalization. Each of these in their own right is a remarkable achievement.
How to strengthen the social economy
Neoclassical economics focuses on the allocation of scarce resources. Economic analysis is mainly concerned with determining the efficient allocation of resources in order to increase welfare.
Neoclassical Economics
Why has heterodox economics not been more successful in making inroads into the mainstream? And why has “pluralist economics,” the most prominent alternative paradigm to mainstream economics, not been more successful in changing the curriculum?
The Project of Pluralism
Der Fokus der Komplexitätsökonomik liegt auf den Interaktionen und Wechselwirkungen zwischen Individuen und Strukturen wirtschaftlicher Systeme. Diese werden als Systeme organisierter Komplexität aufgefasst. Ein besonderes Augenmerk liegt auf der Analyse von Netzwerken.
Komplexitätsökonomik
This article explores if power dynamics in the household can be changed, and if so, how. In this context the focus is laid on government childcare policy and its various channels of possible influence.
How can childcare policy affect intra-household power dynamics?
Feminist economics focuses on the interdependencies of gender relations and the economy. Care work and the partly non-market mediated reproduction sphere are particularly emphasised by feminist economics.
Feminist Economics
From the two premises that (1) economies are complex systems and (2) the accumulation of knowledge about reality is desirable, I derive the conclusion that pluralism with regard to economic research programs is a more viable position to hold than monism. To substantiate this claim an epistemological framework of how scholars study their objects of inquiry and relate their models to reality is discussed. Furthermore, it is argued that given the current institutions of our scientific system, economics self-organizes towards a state of scientific unity. Since such a state is epistemologically inferior to a state of plurality, critical intervention is desirable.
The Complexity of Economies and Pluralism in Economics
The chapter by the Centre for Economy Studies introduces interdisciplinary economic subdisciplines and their importance for economics education.
Interdisciplinary Economics
This essay focuses on the sources of government revenue within the Middle East and North African (MENA) region and proposes the implementation of a regional tax reset through increased taxation and tax reforms, deregulation in the private sector and economic diversification to reduce macroeconomic volatilities caused by the hydrocarbon industry.
Taxation in the MENA region
Photo by Alina Grubnyak on Unsplash Networks are ubiquitous in our modern society The World Wide Web that links us to and enables information flows with the rest of the world is the most visible example It is however only one of many networks within which we are situated Our …
Networks
"First published more than a decade ago, Globalizing Capital has remained an indispensable part of economic literature. This classic book emphasizes the importance of the international monetary system for understanding the international economy. The second edition, published in October 2008, has consistently appeared on syllabuses since its release
Globalizing Capital
Finance at the Threshold offers a unique perspective from an English economic and monetary historian. In it the author asks: Why did the banks stop lending to one another, and why now? Was it merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits?
Finance at the Threshold
This is an important contribution both to advancing theoretical and empirical understandings of African monetary sovereignty and to putting problems and possibilities relating to African monetary sovereignty on the political agenda This is of utmost importance given that these issues have largely not received much attention in contemporary discussions of …
Economic and Monetary Sovereignty in 21st Century Africa
Stratification economics is defined as a systemic and empirically grounded approach to addressing intergroup inequality. Stratification economics integrates economics, sociology and social psychology to distinctively analyze inequality across groups that are socially differentiated, be it by race, ethnicity, gender, caste, sexuality, religion or any other social differentiation.
Stratification Economics
Wie einseitig ist die Wirtschaftswissenschaft? Studienreihe der Universität Siegen.
Wie einseitig ist die Wirtschaftswissenschaft? Ein internationaler Vergleich
The lectures were given by Steve Keen at the Exploring Economics Summer Academy 2017 in the workshop on Post Keynesian Economics The first lectures start with the role of money in a monetary economy and explain the macroeconomic significance of admitting the reality that banks create money The lectures continue …
Exploring Economics 2017 Lectures
Was lässt sich basierend auf bereits existierenden Studien über den Status Quo der volkswirtschaftlichen Lehre aussagen?
Status Quo der VWL in Deutschland – empirische Untersuchungen
In diesem Text aus der Reihe "Exploring Economics - Foundations" werden die Grundlagen der Internationalen Politischen Ökonomie als interdisziplinäre wissenschaftliche Strömung dargestellt.
Internationale Politische Ökonomie
Mr Minsky long argued markets were crisis prone His moment has arrived The Wall Street Journal In his seminal work Minsky presents his groundbreaking financial theory of investment one that is startlingly relevant today He explains why the American economy has experienced periods of debilitating inflation rising unemployment and marked …
Stabilizing an Unstable Economy
Through this course you will learn how individuals and firms make financial decisions and how those decisions might deviate from those predicted by traditional financial or economic theory We will explore the nature of these biases and their origins using insights from psychology neurosciences and experimental economics on how the …
Behavioral Investing
Behavioural economics deals with observing behaviour and economic decision making behaviour.
Behavioral Economics
Während die Pluralismus-Debatte in den Wirtschaftswissenschaften an Fahrt aufgenommen hat, gibt es seit einigen Jahren vermehrt Forschung zur Vielfalt der wirtschaftlichen bzw. wirtschaftspolitischen Berichterstattung. Die Studie „Qualifiziert für die Zukunft? Zur Pluralität der wirtschaftsjournalistischen Ausbildung in Deutschland“ hat diese Debatten erstmals zusammengeführt und die Frage aufgeworfen: Wie ökonomisch plural und reflexiv werden angehende Wirtschaftsjournalist:innen ausgebildet? Kernergebnis: Vor allem ökonomische Grundlagenveranstaltungen sind überwiegend orthodox ausgerichtet und prägen potenziell nicht nur Ökonomie-Studierende, sondern auch zukünftige Journalist:innen – und damit zentrale mediale „Gatekeeper“ für ökonomische Theorien und Perspektiven.
Pluralismus-Debatte meets Wirtschaftsjournalismus
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