976 Ergebnisse
What influence do changes in tax policy or state decisions on expenditure have on economic growth? For decades, this question has been controversially debated.
What is the fiscal multiplier and why is it so controversial?
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
Kleine Hebel und auf den Markt vertrauende Lösungen reichen nicht mehr aus, um den Klimawandel zu stoppen. Wir brauchen ein Steuersystem, das breit diskutierte und klar kommunizierte Ziele konsequent ansteuert.
Ein Steuermodell, das seinen Namen verdient
"De-Risking“ ist ein geflügelter Begriff. Er kann als ein Element einer Strategie betrachtet werden, die darauf abzielt, die handelspolitische Konfrontation mit China diskursiv einzurahmen. Diese Konfrontation wurde in den letzten Jahren hauptsächlich von den USA vorangetrieben und erfuhr zunächst eine vorsichtige, später jedoch immer deutlichere Unterstützung vonseiten der EU.
De-Risking, De-Coupling, De-Globalisierung?
Was fuer ein Jahr! Auch 2023 gab es viele neue wirtschaftspolitische Debatten und Veröffentlichungen, die wir gemeinsam mit Euch Revue passieren lassen würden. Im Anhang findet ihr deshalb eine chronologische Übersicht zentraler Veröffentlichungen, die wir Euch empfehlen.
Jahresrückblick: Content Fundstücke 2023
Die derzeit geltenden rechtlichen Begrenzungen von Staatsverschuldung basieren auf Mythen, die nicht ökonomisch fundiert sind. Sinnvoller wäre es, die Schuldenaufnahme so zu gestalten, dass sie die ökonomischen, sozialen und ökologischen Grenzen respektiert. Ein Beitrag von Carolina Ortega Guttack, Carl Mühlbach und Tung Doan.
Was sind die Grenzen von Staatsschulden?
Die post-Keynesianische Ökonomik beschreibt die grundlegenden Funktionsweisen des Kapitalismus mit besonderem Fokus auf Wachstum und Verteilung. Aber ist sie auch in der Lage, ökologische Krisen zu erfassen und geeignete Lösungsansätze zu entwickeln?
Wie die Klimakrise den Post-Keynesianismus herausfordert
Die Volkswirtschaftslehre begnügt sich damit, eine Lehre der Mechanik des aktuellen Wirtschaftssystems zu sein, eine Art Kapitalistik. Es war fahrlässig, bei dieser geschichts- und zukunftslosen Wirtschaftswissenschaft stehenzubleiben. Eine Reise in die Vergangenheit der Disziplin zeigt, dass eine bessere Ökonomik denkbar ist, argumentiert Frank Fehlberg.
Objektfixierung – Wie die VWL ihre Dynamik verlor
Fabian Georgi analysiert, wie Migration und Grenzen, sowohl grundlegend als auch in der gegenwärtigen historischen Phase, mit dem Kapitalismus zusammenhängen.
Fachkräfte anwerben, Grenzen abschotten? Der Zusammenhang von Migration, Grenzregimen und Kapitalismus
Im Dossier zur Kita-Krise findet ihr eine Sammlung von Videos, Podcasts, Texten und Infografiken mit denen ihr Euch über die Kita-Krise, die darum geführten Kämpfe sowie ihre strukturellen Hintergründe informieren könnt.
Die Kita-Krise - Situation, Lösungsansätze, Hintergründe
Fabian Georgi analyses how migration and borders are connected to capitalism.
Recruiting skilled labour, while closing borders? The connection between migration, border regimes and capitalism
Die deutsche Autoindustrie steckt in einer Krise. Dieses Dossier sammelt Materialien, die sich mit der Ursache der aktuellen Krise der Autoindustrie und den Schwächen der bisherigen Lösungsansätze beschäftigen und adressieren, wie eine soziale und klimagerechte Konversion der Autoindustrie aussehen kann.
Konversion der Autoindustrie
For a long time, price controls were considered taboo, as neoliberal economic theory assumes that prices are supposedly formed freely by supply and demand. But especially in times of crisis, the state must intervene and cap prices to protect wage earners from excessive burdens. However, the how matters.
Price Controls Against Inflation
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
What constitutes the dominance of the US dollar, what it provides for the US and the rest of the world, why it is constantly questioned, and what the future might hold for the dollar
How the International Reserve Currency System Works – and Whether the End of Dollar Hegemony is Imminent
Andreas Siemoneit zu den Möglichkeiten und Grenzen einer sozialen Utopie. „Man kann Marktwirtschaft und Kapitalismus deutlich voneinander abgrenzen und Marktwirtschaft als eine noch nicht realisierte soziale Utopie betrachten…“
Kapitalistische Wachstumszwänge mit Marktwirtschaft überwinden – Zu den Möglichkeiten und Grenzen einer sozialen Utopie
Mariana Mazzucato explains how we lost sight of what value means and why we need to rethink our current financial systems so capitalism can be steered toward a bold, innovative and sustainable future that works for all of us.
What is economic value, and who creates it?
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
Global Value Chains (GVCs) started to play an increasing and key role in the global economy from the 1990s on. The market mechanism in GVCs supports industrialisation in the Global South and under certain conditions product and process upgrading. But GVCs do not lead to the catching-up of countries in the sense of them approaching real GDP per capita levels comparable with developed countries. These arguments are supported by a critical interpretation of the traditional trade theory, the New Trade Theory and specific approaches to explain GVCs, especially different governance structures and power relationships. Several case studies support these arguments. For catching-up, countries need comprehensive horizontal and vertical industrial policy and policies for social coherence. The small number of countries which managed to catch up did this in different variations.
Global Value Chains in economic development
This paper investigates how the concept of public purpose is used in Modern Monetary Theory (MMT). As a common denominator among political scientists, the idea of public purpose is that economic actions should aim at benefiting the majority of the society. However, the concept is to be considered as an ideal of a vague nature, which is highly dependent on societal context and, hence, subject to change over time. MMT stresses that government spending plans should be designed to pursue a certain socio-economic mandate and not to meet any particular financial outcome. The concept of public purpose is heavily used in this theoretical body of thought and often referred to in the context of policy proposals as the ideas of universal job guarantee and banking reform proposals show. MMT scholars use the concept as a pragmatic benchmark against which policies can be assessed. With regards to the definition of public propose, MMT scholars agree that it is dependent on the social-cultural context. Nevertheless, MMT scholars view universal access to material means of survival as universally applicable and in that sense as the lowest possible common denominator.
Modern Monetary Theory and the public purpose
This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article aims to clarify how the prevailing institutional structure and its changes had contributed to or had countervailed the spread of financialization and how it had shaped the specific German variant of financialization. For this end, it combines the rich literature on Germany's institutional structure with the more macroeconomic oriented literature on financializaton. With the combination of those different perspectives the article sheds light on the reasons for the spread of financialization and the specific forms it has taken in Germany.
Financialization made in Germany: A review
This paper presents an overview of different models which explain financial crises, with the aim of understanding economic developments during and possibly after the Great Recession. In the first part approaches based on efficient markets and rational expectations hypotheses are analyzed, which however do not give any explanation for the occurrence of financial crises and thus cannot suggest any remedies for the present situation. A broad range of theoretical approaches analyzing financial crises from a medium term perspective is then discussed. Within this group we focused on the insights of Marx, Schumpeter, Wicksell, Hayek, Fisher, Keynes, Minsky, and Kindleberger. Subsequently the contributions of the Regulation School, the approach of Social Structures of Accumulation and Post-Keynesian approach, which focus on long-term developments and regime shifts in capitalist development, are presented. International approaches to finance and financial crises are integrated into the analyses. We address the issue of relevance of all these theories for the present crisis and draw some policy implications. The paper has the aim to find out to which extent the different approaches are able to explain the Great Recession, what visions they develop about future development of capitalism and to which extent these different approaches can be synthesized.
Theories of finance and financial crisis: Lessons for the Great Recession
The article compares market fundamentalism and right-wing populism on the basis of its core patterns of thinking and reasoning. Based on an analysis of important texts in both fields we find many similarities of these two concepts in their "inner images". Thus, we develop a scheme of the similar dual social worlds of right-wing-populism and market fundamentalism and offer some recent examples of market fundamentalism and right-wing populism mutually reinforcing each other or serving as a gateway for each other. We then apply our scheme for the analysis of the recent political developments and its ideological roots in the US under Donald Trump.
Right-wing populism and market-fundamentalism: Two mutually reinforcing threats to democracy in the 21st century
This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes intrinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the European economic crisis, which to some extent already reflects the structural theoretical framework presented in chapter three. Regarding the theoretical framework Michael Heinrich's interpretation of 'the' Marxian monetary theory of value will be presented. Heinrich identifies connections between production and realization, between profit and interest rate as well as between industrial and fictitious capital, which represent contradictory tendencies for which capitalism does not have simple balancing processes. In the context of a discussion of 'structural logical aspects' of Marx's Critique of the Political Economy, explanatory deficits of Heinrich's approach are analyzed. In the following, it is argued that Fred Moseley's view of these 'structural logical aspects' allows empirical 'applications' of Marxian monetary theories of value. It is concluded that a Marxian monetary theory of value, with the characteristics of expansive capital accumulation and its limitations, facilitates a structural analysis of the European economic crisis from 2007 onwards. In this line of argument, expansive production patterns are expressed, among other things, in global restructuring processes, while consumption limitations are mitigated by expansive financial markets and shifts in ex-port destinations.
The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation
In diesem Beitrag geht es darum, den Postkeynesianismus als paradigmatische Alternative zum herrschenden neoklassischen Mainstream etwas näher kennenzulernen. Es zeigt sich sehr schnell, dass der Postkeynesianismus keine einheitliche Denkschule darstellt, sondern vielmehr eine Vielzahl von theoretischen Ansätzen darunter zu verstehen ist, die eine Reihe von methodologischen und epistemologischen Gemeinsamkeiten aufweist und die einige identitätsstiftende Postulate verbindet. Zum konkreten Nachvollzug dieser Postulate aus dem axiomatischen Kern des Postkeynesianismus wird dann darauf verzichtet, dass Kaleidoskop postkeynesinaischer Theorie mit kaleckianischer, kaldorianischer oder gar sraffianischer Grundlage aufzuzeigen, sondern es wird vielmehr nur ein Postkeynesianismus - die monetäre Theorie der Produktion - in seiner paradigmatischen und formalen Struktur beleuchtet und die darauf aufbauende Theorie der Marktteilnahme als alternative Theorie der Wirtschaftspolitik dargelegt.
Postkeynesianismus: Ein heterodoxer Ansatz auf der Suche nach einer Fundierung
The Money View Symposium was hosted by YSI on 5-7 February, 2021. The Symposium showcased the work of scholars and practitioners that make use of the so-called Money View, ranging from economists to lawyers, politicians and social scientists at large. The symposium aims to illuminate the main tenets of the Money View and to demonstrate its juxtaposition to the mainstream.
Money View Symposium 2021
This course will introduce key concepts, theories and methods from socioeconomics. The first part of the course, will deal with the main economic actors and how their interactions are governed. Markets are seen as sets of social institutions. Institutions shape how consumers, firms and other economic actors behave. While it is difficult to understand how novelty emerges, we can study the conditions that are conducive to innovation. We will review how economic performance, social progress and human wellbeing are measured and what progress has been made. In the second part of the course, we will study a specific macroeconomic model that accounts for biophysical boundaries and inequality.
Foundations in Socioeconomics
After a brief illustration of sovereign green bonds’ features, this paper describes the market evolution and identifies the main benefits and costs for sovereign issuers. The financial performance of these securities is then analysed.
Green Bonds: the Sovereign Issuers’ Perspective
Karl Marx was the greatest champion of the labor theory of value. The logical problems of this theory have, however, split scholars of Marx into two factions: those who regard it as an indivisible component of Marxism, and those who wish to continue the spirit of analysis begun by Marx without the labor theory of value.
Use-Value, Exchange Value, and the Demise of Marx's Value Theory of Labor
Der vorliegende Sammelband unternimmt in einer Zusammenführung von didaktisch reflektierten Erfahrungsberichten erste Schritte in Richtung einer pluralen sozioökonomischen Hochschullehre In der Einleitung führen die Herausgebenden die zentralen Begründungskontexte für dieses Vorhaben zusammen die evidenzbasierte Problematisierung standardökonomischer Hochschullehre steht dabei studentischen Forderungen und konkreten Alternativen gegenüber die von ökonomischen Fachwissenschaftler innen …
Wirtschaft neu lehren
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