811 Ergebnisse
Jens Beckert and Richard Bronk, authors of "Uncertain Times", explore the extent to which flaws, blind spots and more importantly bias created by macroeconomics models, based on forecasts and statistical devices, shape crisis and the market economy in which we live.
Economics for Uncertain Times
In this virtual teach-in, radical economists David McNally (author of the essential Global Slump) and Hadas Thier (author of the forthcoming A People’s Guide to Capitalism) will try to help activists make sense of the twists, turns, and sudden collapses in the world economy that have been playing out in the background during this global health emergency.
Microbes and Macroeconomics: Understanding the Pandemic and the Global Slump
Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore proposes to revise the insights of Minsky's financial instability hypothesis, combining it with the Keynesian theory of the monetary circuit to answer many questions in modern economy.
Fighting Neoliberalism with Keynes & Minsky?
The British historian, Adam Tooze, highlights how the climate crisis is not just an environmental or ecological problem but also a political economy challenge.
Climate, carbon and class
Beyond Growth is a collection of educational materials offering a reflection on growth. It was created as a joint project of the associations Fairbindung e. V. and Konzeptwerk Neue Ökonomie, both based in Germany. The page provides learning materials and methods to stimulate thinking about the conditions of our current economy as well as possible alternatives.
Beyond Growth - Educational Materials for a Socio-ecological Transformation
Sustainable Development has become dominant in policy debates in the last two decades. Standard models in neoclassical economics as taught in undergraduate classes fail to capture the complex relationships between the economy and the environment.
Using Academic Travel to Teach Sustainable Economic Development
The authors analyse the role and effects of the US dollar as factual global reserve currency. They demonstrate that a flight into the dollar creates adverse effects for the global economy as it represents a tightening of financial conditions.
Dollar dominance and the international adjustment to global risk
Cédric Durand locates the Russian War on Ukraine in relation to Russian Economic Development and Political Economy after the collapse of the soviet union.
Cold Peace
The article reviews the effects that the War in Ukraine will have for the global economy.
The Ukraine War's Multifaceted Economic Fallout
"Yuliya Yurchenko is a senior lecturer and researcher in political economy at University of Greenwich. She is currently in Ukraine on an extraordinary leave. And while she writes that she is, for the moment, in relative safety, that could change any moment. Being a Ukrainian, an activist and an academic, Yuliya traveled to Ukraine on Feb 19, 2022 as part of a fact-finding and solidarity mission with a number of MPs, trade unionists and journalists. The goal, she says, of this mission is to connect with civil society organizations, trade unions, activists and politicians, and “to express direct, cross-border solidarity from the UK working class to the Ukrainian working class.”
Yuliya Yurchenko expands the frame for understanding the Russian invasion of Ukraine
Macroeconomics 101 by the Pan African Feminist Political Economy Collective NAWI explains in an accessible way, why macroeconomics matters in our daily lives.
Macroeconomics 101
Principles of Macroeconomics by Howard J. Sherman and Michael A. Meeropol differs from other texts in that this book stresses far more the inherent instability of the macro-economy.
Principles of Macroeconomics
Aaron Benanav argues that despite the hype, generative AI is unlikely to spark a revolutionary transformation of the economy.
Is the AI Bubble About to Burst?
Economics is a broad and diverse discipline, but most economics textbooks only cover one way of thinking about the economy. This book provides an accessible introduction to nine different approaches to economics: from feminist to ecological and Marxist to behavioural.
Rethinking Economics - An Introduction to Pluralist Economics
Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing by Costas Lapavitsas puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households.
Profiting Without Producing
Examine what would happen if we were to deploy blockchain technology at the sovereign level and use it to create a decentralized cashless economy. This book explains how finance and economics work today, and how the convergence of various technologies related to the financial sector can help us find solutions to problems, such as excessive debt creation, banks getting too big to fail, and shadow banking.
The Blockchain Alternative
Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism.
Modern Political Economics
The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser.
The Oxford Handbook of Austrian Economics
"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
Understanding the American stock market boom and bust of the 1920s is vital for formulating policies to combat the potentially deleterious effects of busts on the economy.
The Great Crash of 1929
Winner of the Nobel Prize in Economics
Get ready to change the way you think about economics.
Get ready to change the way you think about economics.
Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans--predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth--and change the way we think about economics, ourselves, and our world.
Misbehaving
"Could a cooperative market economy, in which firms are owned and controlled by their workers, be a viable and efficient alternative to capitalism?"
Economic Democracy: The Cooperative Alternative
Das Paradigma der ökologischen Ökonomie (Ecological Economics) stellt einen multidisziplinärern Ansatz dar, um ein ganzheitliches Bild der wachsenden ökologischen Probleme und ihrer Verflechtungen mit der Ökonomie zu erhalten. Sie beschäftigt sich mit Ressourcenknappheit, Umweltverschmutzung, Klimawandel, Nahrungsmittelknappheit oder sozialer Ungleichheit. Hierbei werden wissenschaftliche Disziplinen wie Ökologie, Ökonomie, Physik und zunehmend auch andere Sozial- und Geisteswissenschaften (z.B. Soziologie oder Philosophie) herangezogen, mit dem Ziel, im ökonomischen Denken auch ökologische, ethische, politische, institutionelle und soziale Faktoren zu berücksichtigen. In diesem Zusammenhang werden nichtzuletzt deshalb auch wesentliche Grundannahmen der orthodoxen Ökonomie sehr kritisch betrachtet (Constanza 1989, Ayres 2008, Spash 2010).
Ökologische Ökonomie
What does political economy say about the global sugar production? Take a look at global trade regulations, intercountry inequalities, and the role of marketing.
Global sugar production - regulations, intercountry inequalities, and marketing
This episode of the Future Histories Podcast featuring Moira Weigel sets the development of digital capitalism and the right-ward shift in politics and society in relation to one another. It provides a masterful combination of ideology critique and polit-economic analysis grounded in comprehensive knowledge of the digital economy.
Moira Weigel on Palantir, Tech-Nationalism & Aggression in the Life-World
David Graeber introduces different concepts such as money and debt. He takes a historical and anthropological way of explaining the origin. This breaks with the mainstream explanation, which is used in many Economics textbooks, saying that a barter economy was before money arose.
Debt
This paper starts with an evaluation of three common arguments against pluralism in economics: (1) the claim that economics is already pluralist, (2) the argument that if there was the need for greater plurality, it would emerge on its own, and (3) the assertion that pluralism means ‘anything goes’ and is thus unscientific. Pluralist responses to all three arguments are summarized. The third argument is identified to relate to a greater challenge for pluralism: an epistemological trade-off between diversity and consensus that suggests moving from a discussion about ‘pros’ and ‘cons’ towards a discussion about the adequate degree of plurality. We instantiate the trade-off by showing how it originates from two main challenges: the need to derive adequate quality criteria for a pluralist economics, and the necessity to propose strategies that ensure the communication across different research programs. The paper concludes with some strategies to meet these challenges.
Pluralism in economics: its critiques and their lessons
A review of:
[1] Intermediate Microeconomics, H.R. Varian
[2] Mikrooekonomie, R.S. Pindyck, D.L. Rubinfeld
[3] Grundzuege der mikrooekonomischen Theorie, J. Schumann, U. Meyer, W. Stroebele
The Dichotomy, Inconsistency, and Peculiar Outmodedness of the "Mainstream" Textbook
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
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
Behavioural economics deals with observing behaviour and economic decision making behaviour.
Behavioral Economics
This essay suggests to bring together two aspects of economic thought which so far have developed largely separately: degrowth and feminist economics. In this strive, the concept of care work and its role in feminist economics will be introduced and the downsides of the commodification of care work will be discussed. Subsequently, contributions to the discussion on the (re)valuation of care work will be taken into account.
Who cares? A convergence of feminist economics and degrowth
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