1740 Ergebnisse
Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees.
Trade Wars Are Class Wars
Islamic finance's phenomenal growth owes to the Shariah compliant nature of its financial instruments. Shariah forbids the charging of interest (Riba) and instead promulgates risk-sharing and trade-based modes of financing. The Islamic financial industry has been subject to both critique and admiration. Critics argue that Islamic instruments (bearing debt-based structures) differ from their conventional counterparts only in legal lexicon and not in economic impact.
Rethinking Islamic Finance
Approaching the law of nature that determines all forms of economy. The bulk of economic theory addresses the economic process by setting out on a catalogue of aspects, seeking the laws in the aspects and hoping to get together a reliable view of the whole.
Economic theory, methodology, and secure foundations
What are the implications of the politics of "behavioural change"? Alexander Feldmann took a closer look for you on nudging and framing and if this is a legitimate instrument being used by the state to make us behave better in terms of our carbon footprint.
Politics as supermarket? Or how current policy design changes the relationship between the state and its citizens
An essay of the writing workshop on contemporary issues in the field of Nigerian economics: The adverse effect of climate change is overwhelming, not just in Nigeria but globally. Global warming is the result of hostile human activities that have impacted the environment negatively. This is the principal variable the government should tackle through practical innovations such as the acceptable implementation of Adaptation Policies and also through the adequate implementation of environmental tax. These will enhance pro-environmental behaviour which is fit for socio-political and economic activities for sustainability.
The Role of Fiscal Policy in Climate Change Mitigation Via Environmental Management and Sustenance in Nigeria
Die scheinbare Eindeutigkeit der wirtschaftswissenschaftlichen Analyse von Maßnahmen gaukelt eine Berechenbarkeit vor, die nichts mit der Realität zu tun hat. Vielmehr braucht es gerade in der Klimapolitik einen Ansatz, der flexibel reagieren kann und gleichzeitig die Entwicklung neuer innovativer Lösungen befördert: das sogenannte agile Politikdesign.
Warum wir eine agile Klimapolitik brauchen
Examine what would happen if we were to deploy blockchain technology at the sovereign level and use it to create a decentralized cashless economy. This book explains how finance and economics work today, and how the convergence of various technologies related to the financial sector can help us find solutions to problems, such as excessive debt creation, banks getting too big to fail, and shadow banking.
The Blockchain Alternative
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
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 …
Makroökonomische Lehrbücher: Wissenschaft oder Ideologie
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
Who are the 86 laureates of the economics “Nobel prize”, and what are their scientific contributions? This course will present the major concepts, theories, and results in modern economics, through an overview of the work of a selection of economics “Nobel prize” as well as Leontief prize laureates.
Economics by its Nobel prizes
The website contains a vast amount of information on the history of economic thought. It presents thinkers, their main works (and links to those works) and schools of thought which are sorted by political economy schools, neoclassical schools, alternative schools as well as thematic schools.
The history of economic thought website
Braucht Wissenschaft Pluralismus? Sind ökonomische Modelle Theorien und wie setzen sich Theorien praktisch durch? Ausgehend von zwei wissenschaftstheoretischen Perspektiven nähert sich Jakob Kapeller diesen und anderen Fragen.
Wissenschaftstheorie und Ökonomie
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
Whether a black swan or a scapegoat, Covid-19 is an extraordinary event. Declared by the WHO as a pandemic, Covid-19 has given birth to the concept of the economic “sudden stop.” We need extraordinary measures to contain it.
Triggering a Global Financial Crisis: Covid-19 as the Last Straw
In this talk, Virgil Henry Storr, a Research Associate Professor of Economics in the Department of Economics at George Mason University, talks about his research into to post-disaster recovery and the role that social entrepreneurship plays in rebuilding the communities and social networks that get disrupted, or entirely eliminated.
Community revival in the wake of disaster: Lessons in local entrepreneurship
The podcast explores the psychosocial implications of poverty in the society. Keetie Roelen investigates how the emotion of shame and policy-making are intertwined.
The Psychosocial Side of Poverty
The article is a formal response to the debate between the economists Diane Coyle and Howard Reed, whose articles were published online by Prospect magazine in 2018. Then, it was taken by Rethinking Economics as representative for the vision of the global network which advocates for changing economics curricula. In fact, it clearly solves some issues within the debate around pluralism by explaining its common misunderstandings among academics and its true - often mislead - meaning.
Deliberate Misunderstandings in Economics: What Pluralism Really Means
Sebastian Thieme geht der Sache auf den Grund und widmet sich auch der Frage, wo Alternativen liegen können, die eine ökonomische Misanthropie einzuschränken vermögen.
Ökonomische Misanthropie? Grundmuster und Konsequenzen für die Soziale Frage
This is an overview of (possibly transformative) proposals to address the economic consequences of the corona crisis
Overview of proposals to combat the economic consequences of the Corona crisis
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?
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
Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.
Economics for People
In der Schreibwerkstatt Post-Growth Economics hat Ariane Isidorczyk ein Dossier zum Zusammenhang zwischen der Indusstriellen Revolution und dem Klimawandel verfasst und schlägt eine Lernmethode für Schüler:innen und Studierende vor, die die Simulation und das emotionale Erfassen von globalen Zusammenhängen zwischen Wirtschaft, technischer Entwicklung und dem CO2 -Ausstoß ermöglicht. #postgrowthwritingworkshop
Wie das Wirtschaftswachstum unser Klima veränderte - Die Industrielle Revolution als Klimafeind
In this Ted Talk, Oxford economist Kate Raworth argues that instead of prioritizing the growth of nations, the world should rather prioritize meeting the needs of all people living on the planet within ecological limits.
A healthy economy should be designed to thrive, not grow
Richard Werner touches on a number of topics in this Odd Lots Podcast episode. As one of the pioneers when it comes to money and credit creation, he gives interesting insights into his early research on this topic. He then explains what he calls the “Quantity Theory of Credit” and is an alternative to the "Quantity Theory of Money".
Japanification, Quantitative Easing, money creation and Re-Igniting the U.S. Economy
Michael Kalecki famously remarked “I have found out what economics is; it is the science of confusing stocks with flows”. Stock-Flow Consistent (SFC) models were developed precisely to address this kind of confusion. The basic intuition of SFC models is that the economy is built up as a set of intersecting balance sheets, where transactions between entities are called flows and the value of the assets/liabilities they hold are called stocks. Wages are a flow; bank deposits are a stock, and confusing the two directly is a category error. In this edition of the pluralist showcase I will first describe the logic of SFC models – which is worth exploring in depth – before discussing empirical calibration and applications of the models. Warning that there is a little more maths in this post than usual (i.e. some), but you should be able to skip those parts and still easily get the picture.
Stock Flow Consistent Macroeconomics
An overview of the last century economic theories asking what makes a heterodox economist. This lecture focuses on the evolution of the various academic traditions in economics. Lavoie presents his own typology for categorising seminal work within the post-Keynesian tradition while leaving space to acknowledge that categories are not binary, but can be used to help understand the different traditions, and how they have developed over the last decades.
History and fundamentals of Post Keynesian Macroeconomics
This Perspective argues that ergodicity — a foundational concept in equilibrium statistical physics — is wrongly assumed in much of the quantitative economics literature. By evaluating the extent to which dynamical problems can be replaced by probabilistic ones, many economics puzzles become resolvable in a natural and empirically testable fashion.
The ergodicity problem in economics
This collection of videos offers a short introduction to ecological economics and its main differences with respect to environmental economics.
Short lectures on ecological economics
Jason Smith takes a stab at blind faith in the efficiency of the price mechanism to provide market information. To do so, he calls upon Information Theory and Generative Adversarial Networks to argue the price mechanism is faulty and skewed towards supply.
Hayek Meets Information Theory. And Fails
Markets are the focus in modern economics: when they work, when they don’t and what we can or can’t do about it. There are many ways to study markets and how we do so will inevitably affect our conclusions about them, including policy recommendations which can influence governments and other major organisations. Pluralism can be a vital corrective to enacting real policies based on only one perspective and a plethora of approaches provide alternatives to the canonical view. Although they have differing implications, these approaches share the idea that we should take a historical approach, analysing markets on a case-by-case basis; and they share a faith in the power of both individuals and collectives to overcome the problems encountered when organising economic activity.
Markets, How Do They Work?
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