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Regression Analysis: A Constructive Critique identifies a wide variety of problems with regression analysis as it is commonly used and then provides a number of ways in which practice could be improved.
Regression Analysis
Neue Ansätze zur Lösung der Klimakrise sind von den dominanten Strömungen der VWL nicht zu erwarten. Stattdessen verbleiben diese in einer Modellwelt, in der katastrophale Klimafolgen zu berechenbaren Risiken werden und politische Realitäten und Machtinteressen ausgeblendet bleiben. In der Folge werden konkrete Fragen, etwa nach der Umgestaltung des Verkehrssystems und einem ökologischen und global gerechten Ernährungssystem, gar nicht erst gestellt. Die implizite Antwort bleibt: Der Markt wird es richten.
Die Klimakrise als Krise der Wirtschaftswissenschaften
Der Klimawandel – beziehungsweise die Emission von Treibhausgasen – hat gegenläufige Effekte auf die gesellschaftliche Wohlfahrt. Einerseits emittieren wir Treibhausgase, um Wohlfahrt stiftende Aktivitäten auszuüben (Mobilität, Ernährung, Wärmeerzeugung etc.). Andererseits verändert die zunehmende THG- Konzentration klimatische Systeme, wodurch die Wohlfahrt der in der Zukunft lebenden Menschen beeinträchtigt wird. Klimaökonom*innen gehen der Herausforderung nach, die beiden Effekte zu quantifizieren und zu bestimmen, wie viele Treibhausgase zu welchem Zeitpunkt in der Zukunft emittiert werden sollten, damit die gesellschaftliche Wohlfahrt über mehrere Generationen hinweg maximiert wird.
Was eine moderne Klimaökonomik berücksichtigen sollte
Die großen Finanzinstitutionen sind ein wichtiger Motor für den ökologischen und ökonomischen Umbau. Aber was muss passieren, damit der Finanzmarkt diese Rolle auch einnimmt?
Können – und wollen – die Finanzmärkte das Klima retten?
VWL-Standardmodelle gehen davon aus, dass Individuen gegebene und stabile Präferenzen haben, nach denen sie ihren Nutzen maximieren. Doch was passiert, wenn sich diese Präferenzen aus anderen Gründen ändern – und wäre es verwerflich, sie gezielt durch Politikmaßnahmen zu beeinflussen? Ein Beitrag von Linus Mattauch und Anna Wiese.
Die Notwendigkeit zum Wertewandel fordert auch die VWL heraus
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.
The Economics of Worker Cooperatives
Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam explain how early post-independence Egypt sought economic independence via industrialization.
Achievements of Egypt’s Industrialization Project
Crises are a key part of the history of the global economy. This lesson by Economy Studies introduces students to the crisis management theories of John Maynard Keyens by presenting them in the historical context of the Great Depression, the Post-War increase in the state in managing the economy, and the Energy Crisis of the 1970s.
How to get away with a crisis? - Economy Studies
Game theory is the standard quantitative tool for analyzing the interactions of multiple decision makers. Its applications extend to economics, biology, engineering and even cyber security.
Game Theory I - Static Games
For many, Thomas Carlyle's put-down of economics as "the dismal science" rings true--especially in the aftermath of the crash of 2008. But Diane Coyle argues that economics today is more soulful than dismal, a more practical and human science than ever before. The Soulful Science describes the remarkable creative renaissance in economics, how economic thinking is being applied to the paradoxes of everyday life.
The Soulful Science
The second edition of International Political Economy continues to be the perfect short introduction to the fundamental theories and issues of international political economy (IPE).
International Political Economy
Colonialism persists in many African countries due to the continuation of imperial monetary policy. This is the little-known account of the CFA Franc and economic imperialism.
Africa's Last Colonial Currency
This article introduces the series, “Reclaiming Africa’s Early Post- Independence History,'' from Post-Colonialisms Today. It explores the policies and thinking of African governments in the early post-independence period, and the lessons for today’s struggles for political and economic agency on the continent.
Reclaiming Africa’s Early Post-Independence History
In this teaching pack, we take a look at satellite crop monitoring and how it is used for both real and financial economic activities. By looking at commodity futures, we give students a sense of what financialization can mean. In the active exercise students learn to discuss these matters and reflect upon them.
Space & Agriculture
Modern mission theory is guided largely by the three self paradigm that suggests indigenous churches can only be healthy if they are self-governing, self-propagating, and self-supporting. Consequently, Western missionaries, their churches, and their agencies have been increasingly indisposed to giving generously. We must rethink the interplay of dollars dependency and what it means to do the right thing with our money as we pursue twenty-first century missions.
To Give Or Not to Give
This blog post reviews "Democratizing Finance", an edited volume that analyses and provides policy proposals to ensure that the financial system serves the public good. Mquzama undertakes the task of summarising the main takeaways from each essay in the book as well as an exposition of its shortfalls. While he acknowledges the necessity of the book's reimaging capitalism and the financial system in a way that is practical within the current economic and political structures, he also highlights its failure to look beyond the United States of America.
Book Review: Democratizing Finance
Das weitgehende Verschwinden Marx scher Ökonomie aus den Standardlehrbüchern der Volkswirtschaftslehre Johannes Jäger Quelle van Treeck Till and Janina Urban Wirtschaft neu denken Blinde Flecken in der Lehrbuchökonomie iRights Media 2016 Das Buch kann hier bestellt werden http irights media de publikationen wirtschaft neu denken Rezensierte Bücher Mankiw N G …
Das weitgehende Verschwinden Marx’scher Ökonomie aus den Standardlehrbüchern der Volkswirtschaftslehre
There are three things one can do on this website - 1. Learn 2. Help Teach 3. Sign up for the MOOC.
Econometrics Academy
This book offers the first systematic analysis of economic thought concerning war.
War in Economic Theories over Time
On this episode of the Hayek Program Podcast, Professor Roger Koppl talks with Hayek Program Research Fellow Solomon Stein about his research on experts, evolution, and the dynamics of epistemics, his career, and in what future direction(s) he thinks Austrian economics will go.
Austrian Epistemics
With the collapse of the planned economies of Eastern Europe, the market is extending its reach and at the same time claiming its universal applicability. But this is occurring while paradoxically it is becoming more difficult to define "the market". The authors, all outstanding scholars in the booming field of socio-economics, explore how concrete markets are built up and stabilized.
Laws of the Markets
Der große Zwiespalt zwischen Effizienz und Gerechtigkeit Realität oder Ideologie Till van Treeck Quelle van Treeck Till and Janina Urban Wirtschaft neu denken Blinde Flecken in der Lehrbuchökonomie iRights Media 2016 Das Buch kann hier bestellt werden http irights media de publikationen wirtschaft neu denken Rezensierte Bücher Mankiw N G …
Der „große Zwiespalt“ zwischen Effizienz und Gerechtigkeit: Realität oder Ideologie?
Fragen über den Zweck, die Struktur und den Inhalt des wirtschaftswissenschaftlichen Curriculums sie sind so alt wie die Disziplin selbst. Ein prominentes deutsches Beispiel ist der vor mehr als 100 Jahren ausgefochtene Werturteilsfreiheitsstreit. Das öffentliche kritische Interesse an den Wirtschaftswissenschaften korreliert mit den Krisen des Systems. Aus dieser Warte gesehen ist es nicht verwunderlich, dass sich nach der großen Finanzkrise in den Nuller Jahren dieses Jahrhunderts vermehrt kritische Stimmen zu Wort melden.
Eine kritische Lehrbuchanalyse
Worin die Dominanz des US-Dollar besteht, was sie für die USA und den Rest der Welt leistet, warum sie ständig angezweifelt wird und wie es mit dem Dollar weitergehen könnte
Wie das internationale Leitwährungssystem funktioniert – und ob ein Ende der Dollar-Hegemonie bevorsteht
A Heterodox Approach to Economic Analysis This important new book introduces students to the fundamental ideas of heterodox economics presented in a clear and accessible way by top heterodox scholars It offers not only a critique of the dominant approach to economics but also a positive and constructive alternative Students …
An Introduction to Macroeconomics
Through this course you will learn how individuals and firms make financial decisions and how those decisions might deviate from those predicted by traditional financial or economic theory We will explore the nature of these biases and their origins using insights from psychology neurosciences and experimental economics on how the …
Behavioral Investing
In this keynote speech, Roger Backhouse gives a historical overview of theories on secular stagnation: how it evolved from a description of the economic situation, especially in the U.S. of the 1930s to an analytical tool and then lost importance until its current revival. Backhouse touches upon the contributions of J. A. Hobson, Alvin Hansen, Evsey Domar and Paul Samuelson.
Theories of stagnation in historical perspective
This historic timeline presents economic events, economic thinkers and schools of thought from the 18th century until the 2007/2008 financial and economic crisis with short texts on the respective event or perspective.
Economics: An Illustrated Timeline
The main goal of this website is to make Economics less confusing. You can explore what the discipline of Economics is and could be. Learn about basic Economic terms and jargon.
ecnmy.org - What is the Economy?
Nathan Tankus created this series to introduce people outside of the inner financial circles of professionals, journalists and policymakers to the basic mechanisms and dynamics of monetary policy.
Monetary Policy 101
Sporting events can be seen as controlled, real-world, miniature laboratory environments, approaching the idea of “holding other things equal” when exploring the implications of decisions, incentives, and constraints in a competitive setting (Goff and Tollison 1990, Torgler 2009). Thus, a growing number of studies have used sports data to study decision-making questions that have guided behavioral economics literature.
Sport as a Behavioral Economics Lab
This is an introductory course into economics that navigates the intellectual history of political economy in a self-contained and non-technical manner. The course centres on the classical concept of political economy by emphasizing the moral and ethical problems that markets solve or may not solve.
Capitalism & Political Economy
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