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Critique of neoclassical economics is presented and contrasted with the more realistic assumptions made by an complex adaptive systems and evolutionary approach.
Complexity Science: 11 Complexity Economics
This video provides a brief introduction to post-keynesian economics and how the school of thought would tackle climate change.
Clips on Climate: Postkeynesian Economics
Ingrid Harvold Kvangraven digs into the Eurocentric nature of economics and the role dependency theory could play in decolonizing it.
Dependency Theory & the Decolonization of Economics
This short video by the Khan Academy presents a classic introduction to economic teaching. Starting with the quote by Adam Smith in "The Wealth of Nations" on the invisible hand, it shows how economics deals with the question of the allocation of scarce resources and shortly presents different questions addressed by microeconomics and macroeconomics. It further makes reference to questions of simplification in mathematical models.
Introduction to economics | Supply, demand, and market equilibrium | Microeconomics
How do we get our dinner? And who cooked Adam Smith's dinner? Starting with Smith's answer on the origin of a dinner, Katrine Marçal problematizes and illustrates how unpaid labour was and is still being ignored by economic theory and how the homo economics represents characteristics perceived as male.
How Economics Forgot about Women
Sheila Dow discusses the concept of radical uncertainty and the failure of neoclassical economics to integrate it into its analysis. As to the implications for financial regulation that arise from the presence of radical uncertainty she argues for institutional overhaul, where the banks see themselves as a licensed partner of the central bank and where rules, values, and conventions would be subject to a cultural shift. Also, Sheila Dow advocates for a renewed focus on retail banking.
The Economics of Uncertainty
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
What is innovation, what drives innovation and the process that differentiates firms? What is competition and what kind of dynamics lie behind the differences between firms and their innovative activities? Mariana Mazzucato elaborates on those questions from an evolutionary economics' and Schumpeterian perspective. The slides of her lecture are not visible, hence some visualizations can't be followed.
Economics of Innovation
The Heterodox Economics Directory provides a broad variety of links to heterodox journals, books, conferences, study programs, teaching materials and blogs. Some categories are subdivided by schools of thoughts - it's a valuable source for heterodox material on the internet.
Heterodox Economics Directory
The Lecturer Prof. Francesco Lissoni presents basic concepts of the Economics of Innovation. Firstly, he distinguishes between invention, innovation and diffusion and relates innovation to economic growth. Subsequently, he elucidates learning and network effects.
Economics of Innovation 1/2
Steve Horwitz, professor of economics at St. Lawrence University, gives a concise account of Austrian approach and talks about how it relates to the various current public policy issues.
The Austrian school of economics
In this interview, the political activist, author and lecturer Dr. Vandana Shiva explains the linkage between ecology, feminism and economics along the lines of current effects and implications of the Corona-Crisis in India and around the world.
Ecology, feminism and economics in times of Covid-19 pandemic
This blogpost discusses the bias the Economics discipline has towards Africa. It points out how important conferences on issues regarding Africa take place in Western countries at the expense of those based in Africa.
Economics has an Africa Problem
Alvin Roth and Lloyd Shapely won the Nobel Memorial Prize in Economic Sciences for their work on market design back in 2012, but it is a field that is still underrepresented in economics education. All markets have rules, and how these rules are set influence how the market functions.
The economics of legalising cannabis
This self-paced free course by Perry Merhling guides you to his "Money View" approach that integrates the fields of economics and finance. The course can easily be understood by people interested people without technical economic knowledge or training as it is primarily a tool for analysis.
Economics of Money and Banking
This Micro-Masters program on Circular Economy looks at the concept and its application from different angles, covering a very wide variety of topics (From Fossil Fuels to Biomass: A Chemistry Perspective; Circular Economy: An Interdisciplinary Approach; Economics and Policies in a Biobased Economy).
It offers a well-rounded, multidisciplinary perspective, using sciences and humanities together for a deeper understanding of the topic. A great start for newbies with Circular Economy!
The access to the course is for free, but you can also apply for full-time on-campus graduate-level programs, be it Wageninged or other universities.
Economics and Policies for a Circular Bio-Economy
John Harvey's accessible book provides a non-technical yet rigorous introduction to various schools of thought in economics. Premised on the idea that economic thinking has been stunted by the almost complete rejection of anything outside the mainstream, the author hopes that this volume will open readers' minds and lead them in new and productive directions.
Contending Perspectives in Economics
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
This book discloses the economic foundations of European fiscal and monetary policies by introducing readers to an array of alternative approaches in economics. It presents various heterodox theories put forward by classical economists, Marx, Sraffa and Keynes, as a coherent challenge to neoclassical theory.
Heterodox Challenges in Economics
This volume focuses on the importance of the history of economic thought as an intellectual discipline. It counters the arguments of some contemporary economists who describe it as studying the mistakes of the past. However, all the great economists - Smith, Ricardo, Marx, Marshall, Keynes and even Milton Friedman - have drawn on the history of economics to find an appropriate pedigree for their own theoretical innovations.
The Historiography of Economics
In reviewing this book in The Economic Journal, S.G. Checkland said that it should be read as a vigorous attempt to relate economics to general thinking and as a challenge to those who are practitioners or elaborators of narrowly prescribed techniques.
Evolutionary Economics
Welches Menschenbild für die ökonomische Bildung?
Nicht-egoistisches Verhalten und soziale Vergleiche in der Haushaltstheorie
Welches Menschenbild für die ökonomische Bildung?
Wechselkurstheorie in drei Standardlehrbüchern der Volkswirtschaftslehre Jan Priewe 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 Krugman P Obstfeld M Melitz M J 2015 …
Wechselkurstheorie in drei Standardlehrbüchern der Volkswirtschaftslehre
Der große Zwiespalt zwischen Effizienz und Gerechtigkeit Realität oder Ideologie Till van Treeck 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 …
Der „große Zwiespalt“ zwischen Effizienz und Gerechtigkeit: Realität oder Ideologie?
This essay deals with the concepts of Sustainable Land Management (SLM) and Land Degradation Neutrality (LDN).
The importance of a Land Degradation Neutrality approach to achieving Sustainable Land Management
In this essay, the author takes a critical perspective on the pursuit of growth as the solution for providing for environmental sustainability and economic stability in the countries of Central and Eastern Europe.
Drawing from the framework of dependency theory and presenting brief insights into European core-periphery relations the author then argues for the implementation of an alternative strategy to development that is built around the concept of self-reliance.
Dependency in Central and Eastern Europe - Self-reliance and the need to move beyond economic growth
Ein ungebremster Klimawandel stellt eine existenzielle Bedrohung dar. Was bedeuten diese Erkenntnisse für die Ökonomik als Wissenschaft? Ich schlage eine neue Agenda für die Ökonomik des Klimawandels vor, die sich auf eine Kernfrage bezieht: Wie kann der nachhaltige Wandel erleichtert werden?
Ökonomik in der Klimakrise: Zeit für neue Fragen
Die Eleganz der modernen Klimaökonomik scheint für viele attraktiv. Wie sie nichtsdestotrotz die Realität verklärt, wichtige Machtfragen ignoriert und so unzulänglich für effektive Klimapolitik ist, zeigt dieser Beitrag von Philipp Censkowsky und Jorim Gerrard.
Der Elefant im Raum: Carbon Majors als blinde Flecken in der Klimaökonomik
Um die Klimakrise und ihre Ursachen wirklich zu bekämpfen, müssen die derzeitige Wirtschaftsweise grundlegender hinterfragt und Möglichkeiten einer sozial-ökologischen Transformation untersucht werden. Ein Beitrag von Elena Hofferberth.
Die Postwachstumsökonomik und die Klimakrise
Modern Monetary Theory (MMT) is a school of monetary and macroeconomic thought that focuses on the analysis of the monetary and credit system, and in particular on the question of credit creation by the state.
Modern Monetary Theory
Diese Studie widmet sich dem Zustand des Studiums der Volkswirtschaftslehre (VWL) aus der Perspektive seiner Studierenden.
„Ohne Effizienz geht es nicht“ - Ergebnisse einer qualitativ-empirischen Erhebung unter Studierenden der Volkswirtschaftslehre
With the onset of an economic crisis that has been universally acknowledged since the end of March, two main questions arise: To what extent is the corona pandemic the starting point (or even the cause) of this crisis? And secondly: can the aid programmes that have been adopted prevent a deep and prolonged recession?
Economic crisis only because of the Corona pandemic?
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