284 Ergebnisse
This chapter by the Centre of Economy Studies provides a map through the complex jungle of economic theories. It provides key insights and ideas for thirteen core topics in economics, organised by selecting the most relevant theoretical approaches per topic and contrasting them with each other.
Pragmatic Pluralism
Der Politologe Ingo Stützle bemüht sich um eine marxistische Kritik an der Modern Monetary Theory. Zwar stellt er einige valide Kritikpunkt heraus – etwa die mangelnde Berücksichtigung von Machtverhältnissen. Doch ist seine Gegendarstellung kaum weniger machtblind. Eine Kritik von Malte Kornfeld.
MMT-Kritik unter Vorbehalt
This report by the 'Institute for Global Prosperity' explores the hypothesis that strengthening and extending universal services is an effective way of tackling poverty and improving wellbeing for all.
Universal Basic Services: Theory and Practice
Pluralism includes mainstream economics. Our campaign for pluralism, including this series, have generally focused on ideas outside the mainstream on the basis that it gets plenty of attention already so we want to spend our time exposing people to alternatives. Nevertheless, mainstream ideas deserve some attention. On top of this, a curious feature of modern economics education is that some of the best ideas from mainstream economics are not even taught to undergraduates! During this series I will explore such ideas, starting today with the market construction technique known as ‘matching’.
It's a match!
The Privatized State shows how privatization undermines the very reason political institutions exist in the first place, and advocates for a new way of administering public affairs that is more democratic and just.
The Privatized State
In "The Money Problem, "Morgan Ricks argues for a reform of the American monetary system. Taking up foundational questions of monetary policy, he asks: how would we construct a monetary system if we were starting from scratch? What are the characteristics of a monetary instrument?
The Money Problem
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
The course will teach students to analyze the goals, implementation, and outcomes of economic policy.
Advanced Economic Policy
This course will fundamentally ask whether we can, or even should use the word ‘decolonising’ in our pursuit of a better economics?
Decolonising Economics?
The lectures were given by Steve Keen at the Exploring Economics Summer Academy 2017 in the workshop on Post Keynesian Economics The first lectures start with the role of money in a monetary economy and explain the macroeconomic significance of admitting the reality that banks create money The lectures continue …
Exploring Economics 2017 Lectures
After completing the module, participants should have gained a basic understanding of the economic school of thought referred to as "Modern Monetary Theory" and should be able to analyze the monetary processes at play in the economy and evaluate fiscal and monetary policy decisions from an MMT-perspective.
Introduction to Modern Monetary Theory
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
The U.S. economy today is confronted with the prospect of extended stagnation. This book explores why. Thomas I. Palley argues that the Great Recession and destruction of shared prosperity is due to flawed economic policy over the past thirty years.
From Financial Crisis to Stagnation
Within the heterodox field one of the most active topics is related to the theory of economic growth and distribution This is a textbook for advance undergraduate and graduate students Throughout its 18 chapters Classical Neoclassical and post Keynesian models are developed Each chapter contains study problems and suggested readings …
Growth and Distribution
The chapter by the Centre for Economy Studies introduces interdisciplinary economic subdisciplines and their importance for economics education.
Interdisciplinary Economics
Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore proposes to revise the insights of Minsky's financial instability hypothesis, combining it with the Keynesian theory of the monetary circuit to answer many questions in modern economy.
Fighting Neoliberalism with Keynes & Minsky?
The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery.
Fictitious Capital
Representing everyone An Analysis of the Representation of Migrant Women by official Labour Organizations in Germany Author Tess Herrmann Review Deborah Sielert This is an essay of the writing workshop Gender and the Economy Perspektives of Feminist Economics published on 17 May 2017 updated on 16 August 2017 Why we …
Representing everyone – Migrant Women's Representation by Labour Organizations in Germany
How can we establish new institutions and practices in order to use fare-free public transport as a beacon for sustainable mobility and a low-carbon lifestyle? The author of this essay elaborates on how practice theory and institutional economics can help to answer this question.
Towards a practice of fare-free sustainability
In diesem Text aus der Reihe "Exploring Economics - Foundations" werden die Grundlagen der Internationalen Politischen Ökonomie als interdisziplinäre wissenschaftliche Strömung dargestellt.
Internationale Politische Ökonomie
The last 15 years have seen extensive research into ecosystem service valuation (ESV), spurred by the Millenium Ecosystem Assessment in 2005 (Baveye, Baveye & Gowdy, 2016). Ecosystem services are defined as “the benefits people obtain from ecosystems” (Millenium Ecosystem Assessment, p.V). For example, ecosystems provide the service of sequestering carbon which helps regulate the climate. Valuation means giving ecosystems or their services a monetary price, for example researchers have estimated that the carbon sequestration services of the Mediterranean Sea is between 100 and 1500 million euros per year. The idea of ESV was a response to the overuse of natural resources and degradation of ecosystems, allegedly due to their undervaluation and exclusion from the monetary economy. ESV can be used (1) for policy decision-making, for example allocating funding to a reforestation project (2) for setting payments to people who increase ecosystem services, for example a farmer increasing the organic carbon content of their soil, and (3) for determining fees for people who degrade ecosystem services, for example a company that causes deforestation.
A Pluralist Perspective on Ecosystem Service Valuation Introduction
Die Covid-19-Pandemie hat gezeigt, dass manche wirtschaftliche Zonen wichtiger sind als andere, um Lebensgrundlagen zu sichern und ein gutes Leben zu ermöglichen. An dieser „Alltagsökonomie“ gilt es anzusetzen, um Wirtschaften zukunftsfähig zu machen. Ein Beitrag von Richard Bärnthaler, Andreas Novy, Leonhard Plank und Alexandra Strickner.
Die Alltagsökonomie für ein gutes Leben
This article outlines the fundamental challenges of democratically planned economies and categorises proposed models into six groups, each of which approaches planning and coordination at different levels of authority and between myriad economic units in a particular way, taking into account efficiency as well as democratic principles and environmental and social sustainability. Through a classification system based on decision-making authority and mediation mechanisms, the article provides a framework for understanding and comparing these models. By examining their different approaches, it offers insights into the complexities and potential paths of democratically planned economies in the 21st century.
Rethinking Democratic Economic Planning: An Overview
Mitch Jeserich interviews Professor Richard D Wolff a professor of economics at the New School University in New York City Prof Wolff presents an explanatory theory of how inflation occurs in an economy Briefly profit driven employers raise the price in order to maximize profits of private corporations they own …
Richard Wolff On Everything You Need to Know About Inflation
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
Die „Internationale Finanzielle Subordination“ zementiert eine hierarchische Weltwirtschaft – die sich in instabilen Kapitalströmen, hohen Finanzierungskosten und der Dominanz des US-Dollars zementiert. Ein Beitrag von Annina Kaltenbrunner.
Wie der Überfluss an Finanzvermögen globale Abhängigkeiten schafft
Durch Versiegelung, Übernutzung und Privatisierung wird Boden zur Ware degradiert. Um die Bewohnbarkeit des Planeten zu sichern, braucht es aber ein neues Verhältnis zum Boden: weg von Verwertungslogiken, hin zu generativen und verbindenden Beziehungen.
Die Transformationsdebatte muss wieder auf den Boden kommen – wortwörtlich
The article examines how, in the context of multiple contemporary crises—financial, ecological, and social—interest in alternative economic models such as democratic economic planning has resurged. It outlines historical debates on the feasibility of planning versus markets, discusses contemporary approaches to democratic, digitally supported, and ecologically oriented planning, and identifies research gaps, including social reproduction and Global South perspectives.
Rethinking Economic Planning
Jede Finanzkrise ist in erster Linie eine Schuldenkrise. Schuldner_innen nehmen zu viele Kredite auf, die sie dann nicht mehr bedienen können. Gläubiger_innen – vor allem Banken – müssen in der Folge ihre Forderungen abschreiben und vergeben weniger Kredite. Die Finanzkrise ist da.
Um eine solche Finanzkrise wirklich zu verstehen, muss man aber erst begreifen, wie Kredite eigentlich entstehen und wie genau Banken und andere Finanzinstitutionen funktionieren. Aufgabe einführender Bücher in die Volkswirtschaftslehre sollte sein, diese fundamentalen Zusammenhänge darzustellen. Leider stellen diese Bücher das Finanzsystem und die Kreditschöpfung meist falsch dar. Das erschwert sowohl die Analyse einer Finanzkrise als auch Wege zu ihrer Lösung zu finden.
Wie der Kredit wirklich in die Welt kommt
Due to the IMF’s focus on gender budgeting, this essay will mainly examine its gender budgeting recommendations as an example of its general inclination towards gender issues and its conception of gender equality. What does the IMF’s focus on gender equality really mean from a critical feminist perspective? What are its main objectives? What does it seek to change and to maintain? What concept or idea of women does it follow and what are the underlying theoretical foundations?
The Gender strategy of the IMF: The way to go towards gender equality or a mere instrumentalisation of feminism?
Economist and 2020 Balzan Prize winner for Environmental Challenges: Responses from the Social Sciences and Humanities, Joan Martínez Alier, speaks on the importance of ecological economics and its timeliness around the 2007/2008 global financial crisis. He speaks on the importance of building the field of ecological economics “from the ground up” through praxis.
Ecological Economics
In the history of the social sciences, few individuals have exerted as much influence as has Jeremy Bentham. His attempt to become “the Newton of morals” has left a marked impression upon the methodology and form of analysis that social sciences like economics and political science have chosen as modus operandi.
Bentham’s Two Sovereign Masters - Examining Bentham’s Influence on the Social Sciences
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