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In this video, Clara Mattei investigates the function of austerity in relation the stabilization of capitalism as a form of social order build around private property, wage labor and class relations. In order to develop this argument, she situates austerity in the history of World War 1 and its revolutionary aftermath. Zooming in on the politicization of the economy and the associated threat to class society that emerged in the period, she highlights how austerity was a „tool of reaction“ that was successful in curtailing demands for economic democracy and a society free from class oppression.
2022
Level: leicht
The Capital Order - How Economists Invented Austerity & Paved the Way to Fascism
The policy briefing provides a data-rich overview over the budgets planned for public services in the UK and their connection to inflation expectations. It highlights the fact that inflation might lead to "invisible" cuts to public sector budgets.
2023
Level: leicht
Austerity by stealth
Is inflation just a number game or does it hold deeper societal implications? Join Isabella Weber (@UMass.Amherst) as she challenges traditional economic stances on inflation and delves into the social dimensions of pricing. Discover how context shapes our reactions to price hikes and why understanding this can be a game-changer.
2023
Level: leicht
Sellers Inflation
Our public services are in dire need of investment. But in the middle of a debate over competing spending plans, isn’t it also time to ask what we want our public services to actually do for us? That’s the view of group of economists and campaigners who are pushing for something called ‘Universal Basic Services’ – a radical expansion of high-quality public services for all to areas like transport, childcare and social care.
2019
Level: leicht
Universal Basic Services
Die meisten Sozialwissenschaften beschäftigen sich mit der Ideengeschichte ihres Faches im Grundstudium. Anders in der Volkswirtschaftslehre. Aber ist nicht der Kontext eines Modells oder einer Theorie, bzw. die jeweilige Entstehungsgeschichte entscheidend, um es in der Tiefe zu verstehen? Ein Essay von Luisa Jentsch.
Level: leicht
Vom Nutzen der Historie für die Wirtschaftswissenschaften
The ecological crisis challenges the ways to understand the links between the environment, society, and the economy. To train students to be able to think critically about the issues associated with the crisis, it is important to take multiple perspectives into account. This lecture by Economy Studies can help students develop a familiarity with the different schools of thought and conceptions that exist within economics.
2022
Level: leicht
Perspectives on the Environment - Economy Studies
The goal of this glossary is to help students to understand some of the basics of circular economy.
2025
Level: leicht
Glossary Circular Economy
Source image New Economic Thinking Youtube channel Some years ago in the aftermath of the great financial crisis GFC of the first decade of the twentieth century Paul Krugman famously remarked that most macroeconomics of the last thirty years was spectacularly useless at best and positively harmful at worst It …
Level: mittel
Monetary Macroeconomics
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.
Level: leicht
The future of money
Explore the pressing topic of globalisation and how it affects economics, politics and society with this online course.
Level: leicht
International Affairs: Globalisation
In a capitalist system, consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How actors assess uncertainty is a problem that economists have tried to solve through general equilibrium and rational expectations theory. Powerful as these analytical tools are, they underestimate the future's unknowability by assuming that markets, in the aggregate, correctly forecast what is to come.
2016
Level: mittel
Imagined Futures
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.
2013
Level: mittel
Microeconomics in Context
Economic theory is currently at a crossroads, where many leading mainstream economists are calling for a more realistic and practical orientation for economic science. Indeed, many are suggesting that economics should be reconstructed on evolutionary lines.
This book is about the application to economics of evolutionary ideas from biology.
1996
Level: mittel
Economics and Evolution
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.
2014
Level: mittel
The Great Crash of 1929
Debunking Economics - Revised and Expanded Edition exposes what many non-economists may have suspected and a minority of economists have long known: that economic theory is not only unpalatable, but also plain wrong. When the original Debunking Economics was published back in 2001, the market economy seemed invincible, and conventional "neoclassical" economic theory basked in the limelight.
2011
Level: leicht
Debunking Economics - Revised and Expanded Edition
The Austrian tradition in economic thought had a profound influence on the development of post-war economics including neoclassical orthodoxy, game theory, public choice, behavioral economics, experimental economics and complexity economics.
2008
Level: mittel
Explorations in Austrian Economics
Mainstream economic theory has been increasingly questioned following the recent global financial crisis. Marc Lavoie shows how post-Keynesian theory can function as a coherent substitute by focusing on realistic assumptions and integrating the financial and real sides of the economy.
2015
Level: mittel
Post-Keynesian Economics
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 …
2011
Level: mittel
A History of Heterodox Economics
As a response to ongoing economic, social and environmental crises, many private actors have enlarged their definition of 'value' to include environmental and social elements. Such practices, however, appear incompatible with the current epistemological structure of academic financial discourse.
2016
Level: mittel
Finance Reconsidered
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.
2013
Level: mittel
The Economics of Worker Cooperatives

In the graveyard of economic ideology, dead ideas still stalk the land.

The recent financial crisis laid bare many of the assumptions behind market liberalism—the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe.

2012
Level: leicht
Zombie Economics
In this revealing book, Katharina Pistor argues that the law selectively “codes” certain assets, endowing them with the capacity to protect and produce private wealth. With the right legal coding, any object, claim, or idea can be turned into capital—and lawyers are the keepers of the code.
2019
Level: mittel
The Code of Capital
This book discusses the relationship between pluralist economics and the case study method of teaching, advocating the complimentary use of both to advance economics education. Using a multi-paradigmatic philosophical frame of analysis, the book discusses the philosophical, methodological, and practical aspects of the case study method while drawing comparisons with those of the more commonly used lecture method.
2017
Level: mittel
Case Method and Pluralist Economics
Despite some diversification modern economics still attracts a great deal of criticism. This is largely due to highly unrealistic assumptions underpinning economic theory, explanatory failure, poor policy framing, and a dubious focus on prediction. Many argue that flaws continue to owe much of their shortcomings to neoclassical economics.
2015
Level: leicht
What is Neoclassical Economics?
Experimental economists are leaving the reservation. They are recruiting subjects in the field rather than in the classroom, using field goods rather than induced valuations, and using field context rather than abstract terminology in instructions.
2004
Level: leicht
Field Experiments in Economics
Popular anger against the financial system has never been higher, yet the practical workings of the system remain opaque to many people. The Heretic's Guide to Global Finance aims to bridge the gap between protest slogans and practical proposals for reform.
2013
Level: mittel
The Heretics Guide to Global Finance
In the late nineteenth and early twentieth centuries, Bombay was beset by crises such as famine and plague. Yet, rather than halting the flow of capital, these crises served to secure it. In colonial Bombay, capitalists and governors, Indian and British alike, used moments of crisis to justify interventions that delimited the city as a distinct object and progressively excluded laborers and migrants from it.
2019
Level: mittel
Making the Modern Slum
Foundational economy is the most important concept you have never heard of. The foundational encompasses material utilities like water, gas and electricity and providential services like education, health and care. Taken together, these services matter economically and politically because they are the collectively consumed infrastructure of everyday life, the basis of civilization and should be citizen rights.
2018
Level: leicht
Foundational Economy
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.
2018
Level: mittel
Behavioral Economics
Die Makroökonomie ist fester Kernbestandteil der Wirtschaftswissenschaften In der Lehre wird hierbei nicht nur in Deutschland auf sehr wenige Lehrbücher zurückgegriffen Dieser Beitrag geht der Frage nach wie einseitig oder plural die makroökonomischen Lehrbücher sind an denen kein Studierender vorbeikommt Zunächst wird näher bestimmt was den vorherrschenden Mainstream und kontrastierend …
2021
Level: leicht
Makroökonomische Lehrbücher: Wissenschaft oder Ideologie
Written by the Nobel Prize winners in Economics Robert Shiller and George Akerlof, this book shows how deception and manipulation play a big role in the economic behavior of individuals, as well as showing how the assumption of "perfect information" is far away from the truth. Through both quantitative data and stories of how to reduce this noxious phenomenon, the authors paint a pretty different picture of how markets really works in a hyper-communicative scenario like nowadays.
2016
Level: leicht
Phishing for Phools
The relationship between race and capitalism is one of the most enduring and controversial historical debates. The concept of racial capitalism offers a way out of this impasse.
2021
Level: leicht
Histories of Racial Capitalism

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