1673 Ergebnisse
Commons stand for a plurality of practices ‘beyond market and state’ as the famous Commons scholar – and first female noble prize winner of economics - Elinor Ostrom put it. Their practice and theory challenge classical economic theory and stand for a different mode of caring, producing and governing. Within this workshop we want to dive into theory, practice and utopia of Commons following four blocks...
The Future of Commons
This syllabus provides an overview of the content of the Philosophy of Economics course at the University of Wisconsin-Madison.
Philosophy of Economics
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
Jo Michell discusses some key implications of climate change regarding the standard policy prescriptions of Post-Keynesian economics, particularly relating to the possible necessity of consumption constraints and the presence of recurrent inflation.
Macroeconomic Policy Coordination: A New Approach for the End of Abundance
Dabei ging es um verschiedene Formen von (ökonomischer) Ungleichheit, wie man diese erforschen kann und was sie für Auswirkungen hat. Insbesondere ging es um Miriams aktuelle Forschung zur Vermögensungleichheit und dem Gender Wealth Gap.
In der Wirtschaft mit Miriam Rehm … und die ökonomische Ungleichheit
Mohsen Javdani and Ha-Joon Changonline examine the effect of ideological bias among economists through a randomised controlled experiment involving 2,425 economists in 19 countries. The analysis provides clear evidence for the existence of ideological bias as well as of authority bias among economists.
Who said or what said? Estimating ideological bias in views among economists
Die Planwirtschaft hat in den letzten Jahren ein unerwartetes Revival gefeiert. Die These: Im Zeitalter von Big Data, künstlicher Intelligenz und neuen Kommunikationstechnologien sei der Markt eine veraltete Technologie der Vergangenheit.
Digitale Planwirtschaft? Eine Einführung
Firms are the primary places where economic activity takes place in modern capitalist economies: they are where most stuff is produced; where many of us spend 40 hours a week; and where big decisions are made about how to allocate resources. Establishing how they work is hugely important because it helps us to understand patterns of production and consumption, including how firms will react to changes in economic conditions and policy. And a well-established literature – led by post-Keynesians and institutionalists – holds that the best way to determine how firms work is to…wait for it...ask firms how they work. This a clearly sensible proposition that is contested in economics for some reason, but we’ll ignore the controversy here and just explore the theory that springs from this approach.
The ‘How Firms Work’ Approach to How Firms Work
Environmental catastrophe looms large over politics: from the young person’s climate march to Alexandria Ocasio-Cortez’s Green New Deal, increasing amounts of political space are devoted to the issue. Central to this debate is the question of whether economic growth inevitably leads to environmental issues such as depleted finite resources and increased waste, disruption of natural cycles and ecosystems, and of course climate change. Growth is the focal point of the de-growth and zero-growth movements who charge that despite efficiency gains, increased GDP always results in increased use of energy and emissions. On the other side of the debate, advocates of continued growth (largely mainstream economists) believe that technological progress and policies can ‘decouple’ growth from emissions.
To Grow or Not to Grow?
Der Vortrag im Rahmen der Hamburger Klimaringvorlesung „Another World Is Still Possible“ führt in die Neue Planungsdebatte ein und stellt dar, inwieweit eine demokratische ökonomische Wirtschaftsplanung gegen die Klimakrise helfen kann.
Failing to Plan is Planning to Fail
In this episode of the podcast "Hear this idea", Dr. Carolina Alves delves into the political debate surrounding Heterodox Economics and elaborates on D-Econ's mission to promote greater inclusivity in the field of Economics concerning gender, race, and representation from the Global South.
Carolina Alves on Heterodox Economics, Diversity in Academia, and the Global South
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
Throughout 2022 it has become increasingly difficult for people around the world to meet their basic needs – even those who live in relative affluence in the Global North. This 30-minute classroom exercise takes this common recent experience as a starting point for an exploration of the different economic mechanisms and organisations that can be used to provide for people’s basic needs.
Meeting Basic Needs
How countries achieve long-term GDP growth is up there with the most important topics in economics. As Nobel Laureate Robert Lucas put it “the consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else.” Ricardo Hausmann et al take a refreshing approach to this question in their Atlas of Economic Complexity. They argue a country’s growth depends on the complexity of its economy: it must have a diverse economy which produces a wide variety of products, including ones that cannot be produced much elsewhere. The Atlas goes into detail on exactly what complexity means, how it fits the data, and what this implies for development. Below I will offer a summary of their arguments, including some cool data visualisations.
GDP Growth: It’s Complicated
Feminist economics is a key component of the movement for pluralism in economics and one that has, to some extent, been acknowledged by the mainstream of the profession. It seeks to highlight issues which affect women because (it claims) they have not traditionally been recognised in a field dominated by men. On top of this, it seeks to carve out a space for women in the discipline, both for intrinsic reasons of fairness and diversity and because it means that women’s issues are more likely to be highlighted going forward.
Why Feminist Economics is Necessary
The 2022 FIFA World Cup (including the construction work required for it) provides a clear example of economic activity that has taken place despite the financial costs to the Qatari state being an order of magnitude larger than the financial benefits it will receive. Whilst this is a fairly extreme case in terms of how many different costs and benefits are involved and how unequally they have been spread, many economic decisions are more complicated than mere financial calculations and it is therefore vital for students to be able to think about multiple dimensions involved in economic decisions.
The Economics of a World Cup in Qatar
Wolfgang M. Schmitt gibt einen spannenden und wohl informierten Überblick über das Phänomen der Crashpropheten. Dabei werden sowohl einige zentrale 'Crashpropheten' eingeführt, sowie ihre Ideologie und ihre wirtschaftlichen Interessen analysiert und kritisiert
Die Ideologie der Crashpropheten | Mit Wolfgang M. Schmitt @WohlstandfurAlle
ReBalance ist eine Website des Forum New Economy und beschäftigt sich mit ungleicher Vermögensverteilung. Mit einem interaktiven Vermögens-Simulator kann der Effekt von verschiedenen politischen Maßnahmen auf die Vermögensungleichheit in Deutschland verglichen werden.
ReBalance
So, what does racism have to do with our 21st century economic system? How can we understand institutions who uphold racism while claiming to value diversity and inclusion? And what does it mean to truly be anti-racist?
New Economics Podcast: Why antiracism means anticapitalism
In both economics textbooks and public perceptions central banks are a fact of life. On the wall of my A-level economics classroom there was the Will Rogers quote “there have been three great inventions since the beginning of time: fire, the wheel, and central banking”, summarising how many economists view the institution. There is a widespread belief that there is something different about money which calls for a central authority to manage its operation, a view shared even by staunch free marketeers such as Milton Friedman. This belief is not without justification, since money underpins every transaction in a way that apples do not, but we should always be careful not to take existing institutions for granted and central banking is no exception. In this post I will look at the idea of private or free banking, where banks compete (and cooperate) to issue their own currency.
Whither Central Banks?
Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
A Time for Precaution
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
This guide contains a collection of recommended YouTube channels and YouTube videos in the fields of economics, business and economic policy.
EconTube: The ultimate guide to pluralist economics channels on YouTube
In der Kolumne Jenseits von Angebot & Nachfrage nehmen Autor*innen aus dem Netzwerk Plurale Ökonomik die fachlichen Scheuklappen der Lehrbuchökonomie ab und werfen einen pluralökonomischen Blick auf gesellschaftspolitische Fragestellungen.
Jenseits von Angebot und Nachfrage - Agora42 Kolumne
Ziel dieser kritischen Einführung in die Volkswirtschaft ist es, auf knappem Raum unterschiedliche Sichtweisen auf wirtschaftliche Zusammenhänge darzulegen und damit die Basis für ein differenziertes Verständnis von Ökonomie und wirtschaftspolitischen Debatten zu liefern. In Zeiten einer integrierten Weltwirtschaft, rascher Veränderungen und internationaler Krisen liegt es nahe, Wirtschaft in ihrer internationalen Dimension in den Mittelpunkt zu stellen, anstatt wie gehabt meist nationale Ökonomien isoliert zu betrachten. Miteinander asymmetrisch verbundene Entwicklungen und Veränderungen in Nord und Süd, die auf globaler sowie zwischen nationaler und regionaler Ebene stattfinden, stellen somit einen zentralen Bezugspunkt dar. Daher der Titel des Buches: Ökonomie und internationale Entwicklung.
Eine kritische Einführung in die Ökonomie
Die Schuldenbremse destabilisiert das System. Sie bremst Investitionen in die öffentliche Daseinsvorsorge und bereitet damit den Boden für rechtsextreme Positionen. Die Kolumne „Gastwirtschaft“ in der Franksfurter Rundschau von Tung Doan.
Schuldenbremse einhalten? Die Demokratie ist gefährdet
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.
Universal Basic Services
An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution
The Fourth Industrial Revolution: Economic Impact and Possible Disruptions
An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution
The Role of Women in the Fourth Industrial Revolution
An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution
The Role of Women in the Fourth Industrial Revolution
A historical glimpse of how economists of the 19th century debated the usefulness of mathematics to economics
Mathematical Economics in the 19th Century
The general idea of a Job Guarantee (JG) is that the government offers employment to everybody ready, willing and able to work for a living wage in the last instance as an Employer of Last Resort. The concept tackles societal needs that are not satisfied by market forces and the systemic characteristic of unemployment in capitalist societies. Being a central part of the Modern Monetary Theory (MMT), attention for the JG concept rose in recent years.
The Job Guarantee
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