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The Philosophy of Economics Foundational Text provides a systematic and well-structured overview over the field of philosophy of economics.
Philosophy of Economics
This article explores the production function, the prevailing view of capital that underpins it, and the main alternative perspective. By exploring these perspectives, the authors aim to provide students with a foundational understanding of the controversies surrounding the treatment of capital in production, a topic expressly excluded from mainstream textbooks.
Why We Should Think Twice About Production Functions
This introductory text explores the political economy of water by defining the subject and examining its key issues.
The political economy of water
As the Covid-19 fueled economic downturn begins to intensify this winter, an extended study of the Italian cooperative sector’s historical resilience in times of crisis can serve as a learning experience for other countries seeking to create policies that foster more stable economies, with job security, care for marginalized communities and adequate counter-cyclical policies. Particularly, the Italian cooperative sector’s contributions to three aspects should be noted in closing. Firstly, the innovative phenomenon of cooperative enterprises has contributed to social inclusion of immigrant communities, the activation of youth, the unemployed and people with disabilities, a true compensation for both a market and state failure. Secondly, they have contributed to a reduction in income and wealth inequalities at a time when the issue of inequality is of global significance. Thirdly, the Italian cooperative movement has helped local communities revitalize in the face of demographic shifts and rendered them more resilient to the ravages of globalization. Each of these in their own right is a remarkable achievement.
How to strengthen the social economy
What does decolonising economics mean? Eurocentrism continues to shape the discipline of economics, leading to inaccurate theories that frame Europe’s development as a universal model.
Decolonising economics: An illustration of the informal economy
The foundational economy is a concept which describes the infrastructure of everyday life, encompassing all essential services like utilities or healthcare that people require for wellbeing. This contribution provides an overview of foundational thinking.
The foundational economy: Focusing on what matters
A review of:
[1] Intermediate Microeconomics, H.R. Varian
[2] Mikrooekonomie, R.S. Pindyck, D.L. Rubinfeld
[3] Grundzuege der mikrooekonomischen Theorie, J. Schumann, U. Meyer, W. Stroebele
The Dichotomy, Inconsistency, and Peculiar Outmodedness of the "Mainstream" Textbook
This article reviews insights of existing literature on global care chains. A specific focus is laid on the impact that the refugee crisis has on global care chains and in turn how the crisis impacts the de-skilling of the women in the migrant workforce.
Global care chains, refugee crisis, and deskilling of workers
Oft werden Universitäten mit neutraler Wissenschaft verbunden und das von Dozierenden vermittelte Wissen als Abbildung der Realität wahrgenommen. Nur selten ist es Gegenstand kritischer Auseinandersetzungen. Wissenschaft findet jedoch in keinem neutralen Raum statt, sondern ist von Machtstrukturen und somit auch oft von diskriminierenden Denkweisen geprägt. Genau hier setzt unser Projekt an, mit dem wir einen Beitrag zur kritischen, interdisziplinären Auseinandersetzung mit Rassifizierung und Diskriminierung an der Universität Bayreuth und darüber hinaus leisten wollen. Unser Interesse am Thema Rassifizierung im Kontext universitärer Lehre und Forschung entstammt dabei der kritischen Auseinandersetzung mit den Lehrinhalten der Vorlesung „Ökonomik der Entwicklungsländer“ von Prof. Dr. Martin Leschke sowie mit dem begleitenden Lehrbuch „Ökonomik der Entwicklung – Eine Einführung aus institutionenökonomischer Sicht“. Als uns Themen und Begriffe auffielen, die unserer Einschätzung nach in ihrer Verwendung nicht dem aktuellen Umgang mit postkolonialen Machtverhältnissen und Eurozentrismus entsprachen, kam uns die Idee, eine kritische Begleitschrift zu besagtem Lehrbuch zu verfassen.
Ökonomik der Entwicklung: Analyse und Kritik aus postkolonialer Perspektive
The outbreak of COVID-19 has substantially accelerated the digitalization of the economy. Yet, this unprecedented growth of digital technology brought novel challenges to the labour market. Rise in income inequalities and precarious working conditions or polarization of jobs. In this essay, we try to assess what tools to use to counter these trends.
Post-pandemic future of work - How does digitization impact labour?
Why has heterodox economics not been more successful in making inroads into the mainstream? And why has “pluralist economics,” the most prominent alternative paradigm to mainstream economics, not been more successful in changing the curriculum?
The Project of Pluralism
The global economic and political order is undergoing rapid and profound transformation. We are witnessing a far-reaching "organic" crisis of the global economic world order, which may have started with the financial crisis of 2007/2008 but now enters a new, much more dynamic phase.
Towards a New Economics of Collapse and Construction
This course will expose students to some of the key debates that link digital transformations to economic, social, and political inequalities. Students will be familiarised with a variety of theoretical movements in development studies and internet studies: exploring thinking that frames the internet as a leveller that can bridge divides vs. exploring the internet as an infrastructure that amplifies existing inequalities.
Digital Capitalism and its Inequalities
Over the last decade, the world's largest corporations - from The Coca Cola Company to Amazon, Apple to Unilever - have taken up the cause of combatting modern slavery. Yet, by most measures, across many sectors and regions, severe labour exploitation continues to soar. Corporate social responsibility is not working. Why?
Combatting Modern Slavery
Due to the economic crisis of 2008/2009, households faced drastic decreases in their incomes, the availability of jobs. Additionally, the structure of the labour market changed, while austerity measures and public spending cuts left households with less support and safeguards provided by the state. How have these developments affected the burden of unpaid labour and what influence did this have on gender relations?
The effect of austerity on unpaid work and gender relations in Europe
In this essay the author outlines the basis for embracing a post-work agenda, rooted in an emancipatory potential from the domination of waged work, which could help answer both feminist and ecological concerns with work.
Towards a post-work future: a necessary agenda to reconcile feminist & ecological concerns with work
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
A central question in development economics literature is, “Why do countries stay poor?” The key disagreements are whether the lack of economic growth stems from institutions or from geography (Nunn 2009). From an institutional perspective, hostile tariff regimes and commodity price dependencies form a barrier to a sectoral shift that would otherwise lead to economic development in developing countries (Blink and Dorton 2011) (Stiglitz 2006).[i]
Trade Barriers to Development explored through various lenses
In this episode of the Planet Money podcast the Caribbean island of Barbuda is used as an example to explore the notion of property rights Until the island was struck by Hurricane Irma in November 2017 the island belonged to all Barbudans First there is a brief historic background given …
"The Island No One Owns" - Property Rights in Barbuda
The core of Georgism is a policy known as the Land Value Tax (LVT), a policy which Georgists claim will solve many of society and the economy’s ills. Georgism is an interesting school of thought because it has the twin properties that (1) despite a cult following, few people in either mainstream or (non-Georgist) heterodox economics pay it much heed; (2) despite not paying it much heed, both mainstream and heterodox economists largely tend to agree with Georgists. I will focus on the potential benefits Georgists argue an LVT will bring and see if they are borne out empirically. But I will begin by giving a nod to the compelling theoretical and ethical dimensions of George’s analysis, which are impossible to ignore.
It’s the Land, Stupid!
By conducting a discourse analysis (SKAD) in the field of academic economics textbooks, this paper aims at reconstructing frames and identity options offered to undergraduate students relating to the questions ‘Why study economics?’ and ‘Who do I become by studying economics?’. The analysis showed three major frames and respective identity offerings, all of which are contextualized theoretically, with prominent reference to the Foucauldian reflection of the science of Political Economy. Surprisingly, none of them encourages the student to think critically, as could have been expected in a pedagogical context. Taken together, economics textbooks appear as a “total structure of actions brought to bear upon possible action” (Foucault), therefore, as a genuine example of Foucauldian power structures.
The power of economic textbooks: A discourse analysis
Planet Money and The Indicator aim to explain current economic events in an easy, fun and accessible manner.
Planet Money
The objective of the course is to explore the main strengths and weaknesses of orthodox and heterodox paradigms within development economics.
Issues in Development Economics
On July 2020 ZOE-Institute published a unique platform for transformative policymaking: Sustainable Prosperity. Building on insights from new economic thinking the platform provides knowledge about ideas, arguments and procedures that support effective promotion of political change. It aims to strengthen change makers in public policy institutions, who are working on an ambitious green and just transition. As such, it provides convincing arguments and policy ideas to overcome the reliance of economic policy on GDP growth
Sustainable Prosperity
Stratification economics is defined as a systemic and empirically grounded approach to addressing intergroup inequality. Stratification economics integrates economics, sociology and social psychology to distinctively analyze inequality across groups that are socially differentiated, be it by race, ethnicity, gender, caste, sexuality, religion or any other social differentiation.
Stratification Economics
Was ist Inflation? Warum ist sie relevant? Und gibt es eine einheitliche Theorie über ihre Wurzeln und Ursachen, oder ist sie ein umstrittenes Konzept? Genau darum geht es in diesem Text: Wir definieren, was Inflation eigentlich bedeutet, bevor wir uns mit einem interdisziplinären und pluralistischen Ansatz in die theoretische Debatte stürzen: Wie entsteht sie, welche Faktoren können sie beeinflussen, und was kann man dagegen tun?
Inflation
Bei der feministischen Ökonomie geht es darum, den unbezahlten Teil der Ökonomie sichtbar zu machen und die Geschlechterblindheit von ökonomischen Prozessen aufzudecken. Entstanden ist diese Theorierichtung in den 1960er Jahren, wobei die Wurzeln bis ins 19 Jahrhundert zurück reichen. Zu Beginn setzten sich die Feministen und Feministinnen vor allem für das Erreichen des Frauenwahlrechtes, für den Zugang zur Bildung und der Abschaffung der Vernunftehe ein. Die Gleichberechtigung von Mann und Frau war in der zweiten Welle des Feminismus zu finden. Bis heute gibt es zwischen Männern und Frauen Unterschiede, welche durch den Feminismus versucht werden aufzudecken und zu beseitigen. Zum Beispiel die Care-Arbeit, den Gender-Wage-Gap, keine Berücksichtigung in ökonomischen Modellen, etc.
Feministische Ökonomie
Unternehmen wird eine besondere Veränderungsbereitschaft zugeschrieben, und die Hoffnung ist, dass sie zu einem neuen Bild der Wirtschaft beitragen. Darin fehlen jedoch wesentliche andere Institutionen, die den Unternehmen Grenzen setzen. Ein Beitrag von Sabrina Schmidt und Carla Young.
Transformation durch Unternehmen?
This course will survey contemporary heterodox approaches to economic research, both from a microeconomic and a macroeconomic perspective. Topics will be treated from a general, critical, and mathematical standpoint.
Heterodox Approaches to Economics
Extractivism is a development model based on exploiting and exporting raw materials. It is fundamental to reproducing entire societies, mainly in the Global South, while generating manifold dilemmas. This text situates extractivism within the broader landscape of global economic asymmetries, emphasizing the role of rents—excess revenues generated from resource extraction due to international price differentials—as a central analytical lens.
The Political Economy of Extractivism
The article addresses the current debate on democratic economic planning and the question of how and by which instruments a post-capitalist planning system, embedded in a broader agenda of macroeconomic transformation, can be developed.
On Democratic Economic Planning and Macroeconomic Transformation
This note, by Theresa Neef, Panayiotis Nicolaides, Lucas Chancel, Thomas Piketty, and Gabriel Zucman, provides data on wealth inequality in Russia and advocates for a European Asset Registry.
Effective sanctions against oligarchs and the role of a European Asset Registry
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