447 Ergebnisse
In this short video Peter Reich illustrates seven aspects of the state of the US economy. He provides suggestions on how to to get started to move towards a more fair distribution of wealth.
Everything You Need to Know About the New Economy
This content submission has two parts: (1) a link to the post by Wolf Richter on deterioration of US subprime credit card debt and loans, driven in part by the overuse of hedonic quality adjustments in the Consumer Price Index (CPI) used by the US Bureau of Labor Statistics, and (2) to introduce Exploring Economics to the website Naked Capitalism, which is an effort to promote critical thinking through the medium of a finance and economics blog and fearless commentary.
What’s Behind the Subprime Consumer Loan Implosion?
Quinn Slobodian a historian of modern Germany and international history analysis of current development in the Mont Pèlerin Society and therefore neo-liberalism. He sees neo-liberalist thinkers less as believers in the self-healing power of markets, but more as ordo-liberal Globalists who wanted to protect the markets from post-war politics and especially mass democracy. Their goal of global capitalism is still strong, however sceptics in the Mont Pèlerin Society are rising, which see international migration as a threat to Globalisation. Therefore, turning neo-liberal policies away from international institutions like the EU back towards the national states as new defenders of the markets as well as international trade and investments.
(A development which can be seen in the Friedrich A. von Hayek-Gesellschaft and especially in the "liberal" wing of the German rightwing populist party AfD)
Neo-liberal Globalism and the Backlash from Within
Mariana Mazzucato explains how we lost sight of what value means and why we need to rethink our current financial systems so capitalism can be steered toward a bold, innovative and sustainable future that works for all of us.
What is economic value, and who creates it?
Exploring Economics Dossier on the economic fallout of the COVID-19 pandemic and the structural crisis of globalization. COVID-19 encounters a structural crisis of globalization and the economic system that drives it, with an uncertain outcome. We asked economists worldwide to share with us their analysis of current events, long-term perspectives and political responses. The dossier will be continuously expanded.
The Next Great Recession? Exploring Economics Dossier
Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There is however a long tradition of economic analysis which emphasises how growth in a capitalist economy leads to an accumulation of tensions and results in periodic crises. This paper first reviews the work of Karl Marx who was one of the first writers to incorporate an analysis of periodic crisis in his analysis of capitalist accumulation. The paper then considers the approach of various subsequent Marxian writers, most of whom locate periodic cyclical crises within the framework of longer-term phases of capitalist development, the most recent of which is generally seen as having begun in the 1980s. The paper also looks at the analyses of Thorstein Veblen and Wesley Claire Mitchell, two US institutionalist economists who stressed the role of finance and its contribution to generating periodic crises, and the Italian Circuitist writers who stress the problematic challenge of ensuring that bank advances to productive enterprises can successfully be repaid.
Finance and Crisis: Marxian, Institutionalist and Circuitist approaches
In this lecture, Branko Milanovic gives an overview of the concept of inequality as conceptualized within the classical school of thought.
Income Inequality in Quesnay, Smith, Ricardo and Marx (Part 1: Quesnay, Smith)
This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article aims to clarify how the prevailing institutional structure and its changes had contributed to or had countervailed the spread of financialization and how it had shaped the specific German variant of financialization. For this end, it combines the rich literature on Germany's institutional structure with the more macroeconomic oriented literature on financializaton. With the combination of those different perspectives the article sheds light on the reasons for the spread of financialization and the specific forms it has taken in Germany.
Financialization made in Germany: A review
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Marx's approach to economics: a claim for subjective praxis
This part is devoted to simulation experiments based on the simulation model developed in part I from the value theoretic reconstruction of the main parts of Marx s critique of Political Economy After introducing the main parameters and the range of their variation Section 1 a singular run as well …
A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model Part II
This course focus on the behaviour of individuals from an pluralist economic and an interdisciplinary bevavioural science apprach.
Actors, Behaviours and Decision Processes
Capitalism + Patriarchy = Women's Hidden Work
This film looks at the role economic growth has had in bringing about this crisis, and explores alternatives to it, offering a vision of hope for the future and a better life for all within planetary boundaries.
Fairytales of Growth
After completing the module, participants should be able to analyse the concepts of degrowth, ecological unequal exchange, Green New Deal, and embeddedness by applying theories situated within the fields of academic research of Ecological Economics and Political Ecology.
Political ecology, Degrowth and the Green New Deal
Is degrowth bad economics To properly answer this question it is essential to understand what economic growth really is The term growth is often associated with an increase in wealth a term loosely defined but according to the degrowth movement economic growth is a narrower concept only describing an increase …
Is prosperous degrowth feasible?
Drawing on Gramsci s Marxist Political Economy Mike Davis situates the War in Ukraine within the general condition of a crisis of capitalist hegemony The key argument is that the pathological and violent situation that we are finding ourselves in today is an expression of the inability of both global …
Thanatos Triumphant
What determines the status of women in different communities? What role is played by women’s labor (inside and outside of the home)? By cultural norms regarding sexuality and reproduction? By racial/ethnic identity? By religious traditions? After some brief theoretical grounding, this course will address these questions by examining the economic, political, social, and cultural histories of women in the various racial/ethnic groups that make up the US today.
Political Economy of Women
In this lecture, Sanjay Reddy reviews the work of János Kornai, especially his critique of the socialist system, which is rooted in his understanding of the eminently political character of socialism.
János Kornai's Critique of the Socialist System
The first day of the workshop is intended to initiate students to the foundational concepts of ecological economics. Ecological economics is an ecological critique of economics, applying the energetics of life to the study of the economy. It also investigates the social distribution of environmental costs and benefits. It does so by deconstructing concepts that are taken for granted like “nature” or “the economy”, excavating their ideological origins.
Political ecology, degrowth, and the Green New Deal
The workshop deals with the contribution of Plural Economics to the urgently needed change of the economic system towards sustainability and global responsibility.
After completing the module, participants should be able to demarcate and explain different economic approaches to sustainability. They should be able to evaluate the respective concepts based on their contribution to the ecological transformation of the economic system.
Pluralist Economics for a Sustainable Economic Future
Money is the fantasy that makes the world go round. Where did it come from and what is its future? From the Bank of England to Bitcoin and the Bristol Pound, LSE sociologist Nigel Dodd explores.
The future of money
This syllabus provides an overview of the content of the Philosophy of Economics course at the University of Wisconsin-Madison.
Philosophy of Economics
This lecture is based on the “Introducing the Economy” chapter from the Economy Studies book, which introduces the first building block in their framework for transforming the economics education. The aim is to give students a feel and
understanding of the economy as part of a bigger whole. Thus, it is aimed to introduce to students before getting into the economics curriculum with theory and models.
Introducing the Economy
This is an introductory course into economics that navigates the intellectual history of political economy in a self-contained and non-technical manner. The course centres on the classical concept of political economy by emphasizing the moral and ethical problems that markets solve or may not solve.
Capitalism & Political Economy
Is or has economics ever been the imperial social science? Could or should it ever be so? These are the central concerns of this book. It involves a critical reflection on the process of how economics became the way it is, in terms of a narrow and intolerant orthodoxy, that has, nonetheless, increasingly directed its attention to appropriating the subject matter of other social sciences through the process termed "economics imperialism".
From Economics Imperialism to Freakonomics
Modern Monetary Theory and Practice: An Introductory Text is an introductory textbook for university-level macroeconomics students. It is based on the principles of Modern Monetary Theory (MMT).
Modern Monetary Theory and Practice: an Introductory Text
The economics of worker cooperatives is a branch of economic inquiry with a long and esteemed pedigree, dating at least from the work of John Stuart Mill in the mid-nineteenth century.
The Economics of Worker Cooperatives
To explain the pronounced instability of the world economy since the 1970s, the book offers an important and systematic theoretical examination of money and finance.
Political Economy of Money and Finance
Until the end of the early 1970s, from a history of economic thought perspective, the mainstream in economics was pluralist, but once neoclassical economics became totally dominant it claimed the mainstream as its own. Since then, alternative views and schools of economics increasingly became minorities in the discipline and were considered 'heterodox'.
Reclaiming Pluralism in Economics
In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the "great transformation" of the Industrial Revolution.
The Great Transformation
This book analyzes the transition of chocolate from an exotic curiosity to an Atlantic commodity. It shows how local, inter-regional, and Atlantic markets interacted with one another and with imperial political economies. It explains how these interactions, intertwined with the resilience of local artisanal production, promoted the partial democratization of chocolate consumption as well as economic growth.
Empire, Political Economy, and the Diffusion of Chocolate in the Atlantic World
Leigh Phillips and Michal Rozworski examine the apparent contradiction between the demise of real-existing socialism and the rise of large corporations engaging in planning every day, making a strong argument that these planning efforts should be transformed to now fulfil the needs of the people.
The People's Republic of Walmart
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