536 Ergebnisse
"Specialise!" is the advice often given by career advisers, school teachers and the like. David Epstein takes the opposite position: In an ever more specialised, highly complex world, it pays to have good old-fashioned broad common knowledge in as many areas as you take interest in, both in terms of intellectual curiosity and professional success. To have a decent grasp of various aspects of life means to be able to discern the links between them, thus developing a better understanding of how our world works and what drives events as they unfold.
Range
Multimedia dossier on unpaid labor (featuring the UK statistics office unpaid work calculator), migrant care labor and feminist political economy more generally.
Housework – I-PEEL.org
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?
How do people make decisions? There is a class of models in psychology which seek to answer this question but have received scant attention in economics despite some clear empirical successes. In a previous post I discussed one of these, Decision by Sampling, and this post will look at another: the so-called Fast and Frugal heuristics pioneered by the German psychologist Gerd Gigerenzer. Here the individual seeks out sufficient information to make a reasonable decision. They are ‘fast’ because they do not require massive computational effort to make a decision so can be done in seconds, and they are ‘frugal’ because they use as little information as possible to make the decision effectively.
Bounded Rationality: the Case of ‘Fast and Frugal’ Heuristics
The economist Thomas Piketty presents a central argument of his book Capital in the Twenty-First century: if the rate of return to capital generally exceeds an economy's growth rate, this leads to a higher concentration of wealth in the long run. He furthermore shows with historical data how wealth and income inequality increased within the past decades.
New thoughts on capital in the twenty-first century
Diese Veranstaltung befasst sich mit Streikbewegungen in Europa in Zeiten der Krise. Zunächst referiert Alex Gallas zu unterschiedlichen theoretischen Zugängen zu Streikursachen und geht hierzu insbesondere auf Konflikttheorien und Perspektiven der Politischen Ökonomie ein. Zudem präsentiert Gallas Entwicklungen von Streiks während der Krise, erklärt die Tendenz zu vermehrten Generalstreiks und erläutert aktuelle Angriffe auf das Streikrecht. Im Anschluss, ab Minute 35, gibt Claus Weselsky einen praktische Perspektive aus den GDL-Streiks.
Gewerkschaften und soziale Bewegungen in Zeiten der Krise
The world is coping with a global disaster, as the new Coronavirus takes a toll on many lost lives and a severe impact on economic activity. To provide a long-run perspective, this column documents the international response to a variety of disasters since 1790. Based on a new comprehensive database on loans extended by governments and central banks, official (sovereign-to-sovereign) international lending is much larger than generally known. Official lending spikes in times of global turmoil, such as wars, financial crises or natural disasters. Indeed, in these periods, official capital flows have repeatedly surpassed total private capital flows in the past two centuries. Wars, in particular, were accompanied by large surges in the volume of official cross-border lending.
Coping with disasters: Lessons from two centuries of international response
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
Noneconomists often think that economists' approach to race is almost exclusively one of laissez-faire. Racism, Liberalism, and Economics argues that economists' ideas are more complicated.
Race, Liberalism, And Economics
Eine kritische Bestandsaufnahme des Standartlehrbuches „Grundzüge der Mikroökonomie“
Hal Varians „Grundzüge der Mikroökonomie“ – eine Kritik
Ist das BIP wirklich der Wert, an welchem wir den Fortschritt eines Landes und einer Gesellschaft messen sollten? Wir sollten über den Punkt hinaus kommen, an welchem wirtschaftlicher Erfolg mit Wirtschaftswachstum und gesellschaftlichem Fortschritt gleichgesetzt wird. Stattdessen könnte die Art, wie wir wirtschaften, als Mittel zum Zweck für eine Gesellschaft dienen, die ihren Wohlstand neu definiert und nicht mehr von quantitativem Wachstum abhängig macht.
“Die Verwandlung”: Ringen um einen neuen Wohlstandsbegriff
Manipulation liegt vor, wenn Beeinflussung verdeckt, zielgerichtet und absichtsvoll erfolgt. Wendet man Kenntnisse der Kognitionswissenschaften und der Beeinflussungsforschung auf ökonomische Standardlehrbücher an, wird deutlich, wie sehr diese Bücher die Schwächen der Studierenden im Hinblick auf ihre Fähigkeit zur kritischen Reflexion ausnutzen.
Beeinflussung und Manipulation in der ökonomischen Bildung
It is perhaps fitting that the seriousness of the coronavirus threat hit most of the Western world around the Ides of March, the traditional day of reckoning of outstanding debts in Ancient Rome. After all, problems and imbalances have accumulated in the Western capitalist system over four decades, ostensibly since it took the neoliberal road out of the 1970s crisis and kept going along it, heedless of the crises and problems it led to.
The Unexpected Reckoning: Coronavirus and Capitalism
One of the pluralist theories which has gained prominence following the 2008 financial crisis is Hyman Minsky and his Financial Instability Hypothesis (FIH). Minsky was unique in viewing balance sheets and financial flows as the primary components of capitalist economies, and his focus on the financial system meant he was well-equipped for foresee a crisis much like 2008. Although he died long before 2008 his framework anticipated many of the processes which led to the crash, particularly increased risk-taking and financial innovation which would outstrip the abilities of regulators and central banks to manage the system.
Minsky’s Moments
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
In der Auseinandersetzung um eine nachhaltige und lebenswerte Zukunft ist die Arbeitskritik eine unerlässliche Perspektive. Denn Arbeit basiert immer auf Ressourcen- und Energieverbrauch und hat somit immer direkte oder indirekte Umweltauswirkungen.
Wie Arbeitskritik die Klimadebatte bereichern kann
Die Zeit, um den Klimakollaps allein mit marktkonformen Instrumenten abzuwenden, ist abgelaufen – jetzt helfen nur mehr Verbrauchsminderungen. Und durch eine Wegbesteuerung des desaströsen Überkonsums können zugleich die Mittel für den Aufbau einer regenerativen Infrastruktur verfügbar gemacht werden.
Nur eine progressive Steuerrevolution kann den Klimakollaps vielleicht noch aufhalten
Die alten kapitalistischen Zentren, aber auch die großen Schwellenländer befinden sich inmitten eines epochalen Umbruchs. Politikansätze, die das Problem der Klimaungerechtigkeit ignorieren, werden heftige Widerstände gegen die sozial-ökologische Transformation auslösen. Ein Beitrag von Klaus Dörre.
Antworten auf die Zangenkrise
Angesichts der momentan Mehrfachkrisen gerät das lange Zeit dominierende neoliberale Gesellschaftsprogramm an seine Grenzen – und mit ihm seine konstitutiven Leitbilder. Daraus erwachsen demokratiezersetzenden und autoritäre Bewegungen. Ein Beitrag von Eva Groß, Andreas Hövermann und Amelie Nickel.
Das unternehmerische Selbst in der Krise
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Impact of FDI on economic growth: The role of country income levels and institutional strength
Based on a paper by Jason Hickel and Giorgos Kallis Decoupling refers to the separation of economic value creation material extraction and pollution. Ecological limits pose a challenge to growth-led development and the low historical and predicted rate of decoupling suggests that long-term sustainable growth-led development is impossible.
Degrowth and Environmental Justice: Decoupling
Challenging the Mainstream in the Twentieth Century Economics is a contested academic discipline between neoclassical economics and a collection of alternative approaches such as Marxism radical economics Institutional economics Post Keynesian economics and others that can collectively be called heterodox economics Because of the dominance of neoclassical economics the existence …
A History of Heterodox Economics
In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money.
China's Gilded Age
Die Mikroökonomie ist fester Kernbestandteil der Wirtschaftswissenschaften In der Lehre wird hierbei nicht nur in Deutschland auf sehr wenige Lehrbücher zurückgegriffen Dieses Buch geht der Frage nach wie einseitig oder plural diese Lehrbücher sind an denen kein Studierender vorbeikommt Zunächst wird näher bestimmt was den vorherrschenden Mainstream und kontrastierend eine …
Mikroökonomische Lehrbücher: Wissenschaft oder Ideologie
Wir nutzen Cookies. Klicke auf "Akzeptieren" um uns dabei zu helfen, Exploring Economics immer besser zu machen!