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In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of uncertainty and shows that uncertainty was originally conceptualized both as an epistemic and an ontological problem.
Uncertainty in Economics
This book sets out to encourage a debate about the role that economic theory and philosophy of economics can play. A good part of economics consists of theoretical developments which describe completely imaginary worlds and have no connections to actual market economies
A Philosophical Framework for Rethinking Theoretical Economics and Philosophy of Economics
Economics, Culture and Social Theory examines how culture has been neglected in economic theorising and considers how economics could benefit by incorporating ideas from social and cultural theory.
Economics, Culture and Social Theory
In analyzing the global competition between Chinese and Indian tea, Andrew B. Liu challenges past economic histories premised on the technical “divergence” between the West and the Rest, arguing instead that seemingly traditional technologies and practices were central to modern capital accumulation across Asia.
Tea War
One of the most authoritative authors on the intellectual heritage of John Maynard Keynes, Robert Skidelsky draws a sketch of the great man's economic thinking both accessible and insightful.
Keynes: A Very Short Introduction
The Elgar Companion to Neo-Schumpeterian Economics surveys the achievements of the most visible scholars in this area. The contributions to the Companion give both a brief survey on the various fields of neo-Schumpeterian economics as well as insights into recent research at the scientific frontiers.
Elgar Companion to Neo-Schumpeterian Economics
In the interview, Robert Skidelsky discusses the emergence of political influence of a certain school of economic thought and how the success of an economic theory depends on the power relations in the society. He introduces the historical example of Keynesian economics and its replacement by liberal economic theory and policy in the aftermath of the Great Depression, and transfers this historical case to the dominant paradigm of austerity policies in the Europe as response to rising public debts caused by the Financial Crisis. He contrasts austerity policies with a Keynesian approach. Furthermore, he relates the targets of policy to the underlying power structures, for example when not the reduction of unemployment but the protection of financial capital is politically addressed.
Economics and Political Power during the Crisis
This historic timeline presents economic events, economic thinkers and schools of thought from the 18th century until the 2007/2008 financial and economic crisis with short texts on the respective event or perspective.
Economics: An Illustrated Timeline
Happiness economics is a branch in behavioral economics, where it explores the economics factors and consequences of happy humans. What makes people happier, and what benefits do we get when people are happier? This dossier introduces you to the field of happiness economics, from a review of economic factors proposed to influence people’s happiness, to a discussion of the economic consequences of happiness, and concludes with economic policy implications of happiness economics.
Happiness Economics. Does the Easterlin paradox stand?
Modern authors have identified a variety of striking economic patterns, most importantly those involving the distribution of incomes and profit rates. In recent times, the econophysics literature has demonstrated that bottom incomes follow an exponential distribution, top incomes follow a Pareto, profit rates display a tent-shaped distribution. This paper is concerned with the theory underlying various explanations of these phenomena. Traditional econophysics relies on energy-conserving “particle collision” models in which simulation is often used to derive a stationary distribution. Those in the Jaynesian tradition rely on entropy maximization, subject to certain constraints, to infer the final distribution. This paper argues that economic phenomena should be derived as results of explicit economic processes. For instance, the entry and exit process motivated by supply decisions of firms underlies the drift-diffusion form of wage, interest and profit rates arbitrage. These processes give rise to stationary distributions that turn out to be also entropy maximizing. In arbitrage approach, entropy maximization is a result. In the Jaynesian approaches, entropy maximization is the means.
The Econ in Econophysics
Geographical economics starts from the observation that economic activity is clearly not randomly distributed across space. This revised and updated introduction to geographical economics uses the modern tools of economic theory to explain the who, why and where of the location of economic activity. The text provides an integrated, first-principles introduction to geographical economics for advanced undergraduate students and first-year graduate students, and has been thoroughly revised and updated to reflect important developments in the field, including new chapters on alternative core models and policy implications.
The New Introduction to Geographical Economics
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?
That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does.
Doughnut Economics
The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery.
Fictitious Capital
The Invisible Hand offers a radical departure from the conventional wisdom of economists and economic historians, by showing that "factor markets" and the economies dominated by them - the market economies - are not modern, but have existed at various times in the past.
The Invisible Hand?
Welches Menschenbild für die ökonomische Bildung?
Nicht-egoistisches Verhalten und soziale Vergleiche in der Haushaltstheorie
Welches Menschenbild für die ökonomische Bildung?
Der erstarrte Blick Eine erkenntnistheoretische Kritik der Standardlehrbücher der Volkswirtschaftslehre Silja Graupe Quelle van Treeck Till and Janina Urban Wirtschaft neu denken Blinde Flecken in der Lehrbuchökonomie iRights Media 2016 Das Buch kann hier bestellt werden http irights media de publikationen wirtschaft neu denken Rezensierte Bücher Mankiw N G 2001 …
Der erstarrte Blick - Eine erkenntnistheoretische Kritik der Standardlehrbücher der Volkswirtschaftslehre
In der Volkswirtschaftslehre (VWL) hat sich seit Mitte der 1970er Jahre mit der Neoklassik ein dominierendes theoretisches Paradigma etabliert, welches das ökonomische Denken im Wesentlichen bis heute prägt. Dieser Zustand, der insbesondere seit der Finanz- und Wirtschaftskrise 2008 nicht nur in der akademischen Fachwelt durchaus kontrovers diskutiert wird, hat sowohl weitreichende Auswirkungen auf die innerdisziplinären Machtverhältnisse (z. B. Einseitigkeit in Forschung und Lehre, hierarchische Strukturierung, geringe Beachtung sozial- wissenschaftlicher Forschung und interdisziplinärer Ansätze) als auch auf gesellschafts- und wirtschaftspolitische Entwicklungen (z. B. Ökonomisierung sozialer und politischer Bereiche, einseitige Einflussnahme durch Expertengremien und Think Tanks).
Zum Profil der deutschsprachigen Volkswirtschaftslehre
Manuel Schulz hat sich im Rahmen der Schreibwerkstatt "Varieties of Mainstream Economics?" kritisch mit dem normativen Selbstverständnis der Verhaltensökonomik auseinandergesetzt.
Humanisierung der Ökonomie oder Ökonomisierung der Humanität? Zur normativen Verortung der Verhaltensökonomik
Obwohl der Begriff „der Markt“ (in der Einzahl) andauernd – sowohl in der Theorie als auch in Alltagsdiskurse – mit einer großen Selbstverständlichkeit verwendet wird, hat er eine Geschichte, die fast 100 Jahre zurückgeht. Diese Begrifflichkeit wurde erstmals in der Österreichischen Schule der Nationalökonomie, und zwar von Ludwig Mises und Friedrich Hayek, und von Ordoliberalen wie Walter Eucken oder Wilhelm Röpke entwickelt.
„Der Markt“ und seine Politische Ökonomie
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
Als Weltwährung wird die abstrakte Idee einer weltweit gültigen Währung verstanden, mit der manche Ökonomen das derzeitige Weltwährungssystem ersetzt sehen wollen.
Weltwährung
Das Dossier enthält eine Sammlung von empfehlenswerten YouTube-Kanälen und Youtube-Videos in den Themenbereichen Wirtschaftswissenschaften, Wirtschaft und Wirtschaftspolitik. Sie umfasst sowohl deutschsprachige als auch englischsprachige Angebote.
EconTube: Der ultimative Guide durch die pluralen Wirtschaftskanäle auf Youtube
Happy International Women s Day This International Women s Day 2018 is an opportune moment to highlight prominent scholars of Feminist Economics As a subdiscipline of economics Feminist Economics analyzes the interrelationship between gender and the economy often critiquing inequities and injustices perpetuated by mainstream paradigms Work of this nature …
Happy International Women’s Day!
This article briefly examines Marx s profound contribution in the political economic thought It provides the historical foundations of Marxian economic thought based on the contemporary situation as well as the state of economic thought at that time Lastly it discusses the volumes of Marx s contribution as well as …
Marxian economics
To what extent does gender affect people's patterns of labor force participation, educational preparation for work, occupations, hours of work (paid and unpaid) and earnings?
Sex-Segregated Labor Markets
Explore the pressing topic of globalisation and how it affects economics, politics and society with this online course.
International Affairs: Globalisation
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
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
This book is intended as a textbook for a course in behavioural economics for advanced undergraduate and graduate students who have already learned basic economics. The book will also be useful for introducing behavioural economics to researchers. Unlike some general audience books that discuss behavioural economics, this book does not take the position of negating traditional economics completely.
Behavioral Economics
What is economics? What can - and can't - it explain about the world? Why does it matter?
Economics: The User's Guide
Microeconomics in Context lays out the principles of microeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Macroeconomics in Context, the book is uniquely attuned to economic realities. The "in Context" books offer affordability, accessible presentation, and engaging coverage of current policy issues from economic inequality and global climate change to taxes.
Microeconomics in Context
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