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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?
The global financial crisis (GFC) led to increasing distrust in economic research and the economics profession, in the process of which the current state of economics and economic education in particular were heavily criticized. Against this background we conducted a study with undergraduate students of economics in order to capture their view of economic education.
What economics education is missing: The real world
Behavioural economics deals with observing behaviour and economic decision making behaviour.
Behavioral Economics
This essay suggests to bring together two aspects of economic thought which so far have developed largely separately: degrowth and feminist economics. In this strive, the concept of care work and its role in feminist economics will be introduced and the downsides of the commodification of care work will be discussed. Subsequently, contributions to the discussion on the (re)valuation of care work will be taken into account.
Who cares? A convergence of feminist economics and degrowth
In this essay the author elaborates on the EU's perspective on the fast growing sector of the platform economy.
Sharing is Caring? On the EU- Narrative on Platform Economy
In this short video, John Holmwood problematizes Marxian Economics from a post-colonial perspective.
Marx: Colonialism, Class and Capitalism
In this essay the author reviews empirical studies in economics that analyze factors behind the rise of nationalist and populist parties in Western countries. He stresses that economic factors (e.g., trade shocks and economic crisis) play a crucial role in the rise of populist parties; however, the discussion of mechanisms driving this trend remains unsatisfying
The Economics of Populism in the Present
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
Hannes Vetter hat sich in Rahmen der Schreibwerkstatt "Varieties of Mainstream Economics?" mit der Evaluation der Bewertung von Umwelt in neoklassischen Makromodellen auseinandergesetzt.
Kritische Evaluation der Bewertung von Umwelt in neoklassischen Makromodellen
With the onset of an economic crisis that has been universally acknowledged since the end of March, two main questions arise: To what extent is the corona pandemic the starting point (or even the cause) of this crisis? And secondly: can the aid programmes that have been adopted prevent a deep and prolonged recession?
Economic crisis only because of the Corona pandemic?
Mainstream inflation theories in economics do little to explain the recent acceleration in price increases. The associated economic policy recommendations further increase the misery of low-income groups.
The inflation conundrum
This book offers the first systematic analysis of economic thought concerning war.
War in Economic Theories over Time
This introductory text explores the political economy of water by defining the subject and examining its key issues.
The political economy of water
In this overview paper, Laura Porak reviews the history of industrial policy in the European Union before the background of a Cultural Political Economy approach.
History of Industrial Policy in the EU
In this essay, the author takes a critical perspective on the pursuit of growth as the solution for providing for environmental sustainability and economic stability in the countries of Central and Eastern Europe.
Drawing from the framework of dependency theory and presenting brief insights into European core-periphery relations the author then argues for the implementation of an alternative strategy to development that is built around the concept of self-reliance.
Dependency in Central and Eastern Europe - Self-reliance and the need to move beyond economic growth
The book explores the imperialist tendency inherent in global capitalism by using a rigorous political economy framework.
The Wealth of (some) Nations
Dichotomien Inkonsistenz merkwürdige Antiquiertheit Mainstream Mikro Lehrbücher Das Beispiel sozialer Institutionen Wolfram Elsner 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 Pindyck R S …
Dichotomien, Inkonsistenz, merkwürdige Antiquiertheit Mainstream-Mikro-Lehrbücher: Das Beispiel sozialer Institutionen
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
This course is designed to provide students with an understanding of work-related gender issues and to enable students to analyze the issues using the tools of economics.
Women, Men, & Work
This course will focus on the emergence and evolution of industrial societies around the world We will begin by comparing the legacies of industry in ancient and early modern Europe and Asia and examining the agricultural and commercial advances that laid the groundwork for the Industrial Revolution of the 18th …
Global Perspectives on Industrialization
This book makes the case that economies are complex systems and in response to this, develops a unique dynamic nonequilibrium process analysis of macroeconomics.
Shaking the Invisible Hand
This course provides future change makers in public and private sectors with a comprehensive overview on the structures and actors that shape markets.
The Governance of Markets in Challenging Times: From Classic Authors to New Approaches
Imperialism is not only about military force and political pressure applied by developed capitalist countries on less developed ones for economic gain It also has an everyday dimension Countless acts of production and consumption the current SUV boom being a prominent example draw on exploitation of resources and labour from …
The Imperial Mode of Living
The Great Recession 2.0 is unfolding before our very eyes. It is still in its early phase. But dynamics have been set in motion that are not easily stopped, or even slowed. If the virus effect were resolved by early summer—as some politicians wishfully believe—the economic dynamics set in motion would still continue. The US and global economies have been seriously ‘wounded’ and will not recover easily or soon. Those who believe it will be a ‘V-shape’ recovery are deluding themselves. Economists among them should know better but are among the most confused. They only need to look at historical parallels to convince themselves otherwise.
Origins & Emergence of the 2020 Great Recession in the US Economy
This article makes a necessary connection between economics as an academic discipline and recent events surrounding sexual harassment in the workplace. To get justice, targets must show measurable harm: economists can help.
$MeToo: The Economic Cost of Sexual Harassment
This text summarizes the content of the 2018 Nobel Prize winner W. Nordhaus. It is extended by some critical perspectives on this topic. The short dossier gives an overview of the most important texts we have read in the climate economics reading group.
Climate Economics and the DICE Model
This archive contains open access copies of most of the written work, including the books of Karl William Kapp (1910-1976) was one of the forefathers of Ecological Economics.
K. William Kapp archive
The dominant view of inflation holds that it is macroeconomic in origin and must always be tackled with macroeconomic tightening. In contrast, we argue that the US COVID-19 inflation is predominantly a sellers’ inflation that derives from microeconomic origins, namely the ability of firms with market power to hike prices.
Sellers’ Inflation, Profits and Conflict: Why can Large Firms Hike Prices in an Emergency?
This article by Rüdiger Bachmann et.al. discusses the economic effects of a potential cut-off of the German economy from Russian energy imports.
What if? The Economic Effects for Germany of a Stop of Energy Imports from Russia
After completing the module, participants should be able to understand the economic consequences of gender inequality. They should be able to explain the contradictions between capital and care, analyze the labor market with a gender perspective and develop the ability to describe phenomena such as public policies taking into account "gender" as a category of analysis.
Feminist Economics
Happy International Women s Day This International Women s Day 2018 is an opportune moment to highlight prominent scholars of Feminist Economics As a subdiscipline of economics Feminist Economics analyzes the interrelationship between gender and the economy often critiquing inequities and injustices perpetuated by mainstream paradigms Work of this nature …
Happy International Women’s Day!
The notion that the demand and supply side are independent is a key feature of textbook undergraduate economics and of modern macroeconomic models. Economic output is thought to be constrained by the productive capabilities of the economy - the ‘supply-side' - through technology, demographics and capital investment. In the short run a boost in demand may increase GDP and employment due to frictions such as sticky wages, but over the long-term successive rises in demand without corresponding improvements on the supply side can only create inflation as the economy reaches capacity. In this post I will explore the alternative idea of demand-led growth, where an increase in demand can translate into long-run supply side gains. This theory is most commonly associated with post-Keynesian economics, though it has been increasingly recognised in the mainstream literature.
It’s Demand All the Way Down
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