1761 Ergebnisse
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
How do people make decisions? There is a class of models in psychology which seek to answer this question but have received scant attention in economics despite some clear empirical successes. In a previous post I discussed one of these, Decision by Sampling, and this post will look at another: the so-called Fast and Frugal heuristics pioneered by the German psychologist Gerd Gigerenzer. Here the individual seeks out sufficient information to make a reasonable decision. They are ‘fast’ because they do not require massive computational effort to make a decision so can be done in seconds, and they are ‘frugal’ because they use as little information as possible to make the decision effectively.
Bounded Rationality: the Case of ‘Fast and Frugal’ Heuristics
In both economics textbooks and public perceptions central banks are a fact of life. On the wall of my A-level economics classroom there was the Will Rogers quote “there have been three great inventions since the beginning of time: fire, the wheel, and central banking”, summarising how many economists view the institution. There is a widespread belief that there is something different about money which calls for a central authority to manage its operation, a view shared even by staunch free marketeers such as Milton Friedman. This belief is not without justification, since money underpins every transaction in a way that apples do not, but we should always be careful not to take existing institutions for granted and central banking is no exception. In this post I will look at the idea of private or free banking, where banks compete (and cooperate) to issue their own currency.
Whither Central Banks?
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Time to Ditch the NAIRU
Completing the Economics of Discrimination module, the students should have acquired knowledge and understanding of the existing similarities and differences of the definition and analysis of discrimination across economic theory and cultural theory.
Economics of discrimination
This paper starts with an evaluation of three common arguments against pluralism in economics: (1) the claim that economics is already pluralist, (2) the argument that if there was the need for greater plurality, it would emerge on its own, and (3) the assertion that pluralism means ‘anything goes’ and is thus unscientific. Pluralist responses to all three arguments are summarized. The third argument is identified to relate to a greater challenge for pluralism: an epistemological trade-off between diversity and consensus that suggests moving from a discussion about ‘pros’ and ‘cons’ towards a discussion about the adequate degree of plurality. We instantiate the trade-off by showing how it originates from two main challenges: the need to derive adequate quality criteria for a pluralist economics, and the necessity to propose strategies that ensure the communication across different research programs. The paper concludes with some strategies to meet these challenges.
Pluralism in economics: its critiques and their lessons
In this podcast, Nalia Kabeer talks about her work, criticising the way in which Randomized Control Trials (RCTs) is adopted as a sole form of impact assessment. At the beginning of the talk, she briefly describes The Ultra Poor Project (the context of her study), RCTs and its critiques (such as lack of acknowledgement of human agency, heterogeneity, and social context); also, the problem that most RCTs practitioners do not allow for qualitative research conducted in an integrated way as it might cause their studies “being contaminated.”
Naila Kabeer on Why Randomized Controlled Trials need to include Human Agency
To celebrate the forthcoming book A brief history of Economic Thought From the Mercantilists to the Post Keynesians edited by Louis Philippe Rochon and Hassan Bougrine Edward Elgar Louis Philippe Rochon sat down with celebrated author and scholar Sergio Rossi to discuss his contribution Milton Friedman and the Monetarist School …
A Video-Chat with Sergio Rossi: Milton Friedman and the Monetarist School
In dem Papier wird erläutert, wie es zu den starken Monopolisierungstendenzen auf digitalen Märkten kommt und welche Auswirkungen diese auf Wirtschaft, Gesellschaft und Politik haben. Im Anschluss wird auf den aktuellen Regulierungsversuch der Europäischen Union eingegangen und in Auseinandersetzung damit, die Frage behandelt, wie eine wirksame Regulierung von Digitalkonzernen gestaltet werden könnte.
Monopolisierungstendenzen in digitalen Märkten: Remeduren, Ursachen, Auswirkungen
Die verfassungsrechtliche Anerkennung zukünftiger Generationen als Subjekte mit eigenen Rechten ist eine juristische Neuheit – und stellt unsere Gesellschaft vor Herausforderungen, für die es keine einfachen Lösungen gibt. Ein Beitrag von Carla Reemtsma.
Die schwierige Beziehung von Generationengerechtigkeit und Gegenwartspräferenz
The term "de-risking" can be seen as one element of a strategy aimed at discursively reframing the trade policy confrontation with China. This confrontation has mainly been driven by the US in recent years and received initially cautious, but later growing support from the EU.
De-risking, de-coupling, de-globalization?
Die Erwerbstätigen in Deutschland wollen heute weniger arbeiten als je zuvor. Laut einer Studie des Deutschen Instituts für Wirtschaftsforschung liegt die Wunscharbeitszeit bei 32,8 Stunden pro Woche. Dafür würden die Beschäftigten auch in Kauf nehmen, weniger zu verdienen. Neben diesen individuellen Gründen sprechen auch viele gesellschaftspolitische Faktoren für eine Arbeitszeitverkürzung, argumentiert Lina Andres.
Endlich reden wir wieder über Arbeitszeitverkürzung
Über kollektive Arbeitszeitverkürzung wird derzeit kontrovers diskutiert – wir haben einen Wegweiser zusammengestellt, der einen Überblick über das Thema geben soll.
Wegweiser Arbeitszeitverkürzung
Is capitalism the context where gender inequalities are reproduced, or is capitalism something more than a context? What are the differences among women and how can we place them theoretically and politically. Reproductive work, is it a women’s work? These questions are disscused in a three-session workshop.
Feminist Economics
Julia und Rudi treffen sich in der 54. Folge mit Fred Heussner und Rike Reimer aus dem Netzwerk Plurale Ökonomik. Sie sprechen über die Entstehung, die Ziele und die Entwicklung des Projekts und erfahren zudem, wie sowohl die Finanzkrise als auch die Klimakatastrophe die Kritik des Netzwerks über die Zeit beeinflussen und verändern.
In der Wirtschaft mit Rike Reimer, Fred Heussner und dem Netzwerk Plurale Ökonomik
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
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?
Die Schuldenbremse destabilisiert das System. Sie bremst Investitionen in die öffentliche Daseinsvorsorge und bereitet damit den Boden für rechtsextreme Positionen. Die Kolumne „Gastwirtschaft“ in der Franksfurter Rundschau von Tung Doan.
Schuldenbremse einhalten? Die Demokratie ist gefährdet
Why do we think that sovereign debt must be repaid--even after a major regime change--in order to maintain country creditworthiness? In a fascinating and highly original book, Odette Lienau argues that this conventional wisdom is overly simplistic and in some respects entirely wrong.
Rethinking Sovereign Debt
In der Diskussion um ein bedingungsloses Grundeinkommen (bGE) erscheint es als Idee „ohne Ideologie“, das über unterschiedliche politische Lager hinweg befürwortet wird. Das täuscht. Wenn wir nicht anfangen, unter der Vielzahl an Vorschlägen zu unterscheiden und nur über die abstrakte „Idee“ diskutieren, spielen wir neoliberalem Denken in die Hände, das Grundeinkommen für die Erhaltung sozialer Ungerechtigkeit instrumentalisiert. Die jüngste Debatte um ein „solidarisches Grundeinkommen“ zeigt: Der positiv belegte Begriff ist längst gekapert – wo „Grundeinkommen“ drauf steht, kann inzwischen alles mögliche drin sein.
Wo »Grundeinkommen« drauf steht ...
In this essay the authors argue for a wider concept of care work that includes community building, civic engagement and environmental activism. On the basis of the case of Cargonomia, a grassroot initiative in Budapest, they show that such a wider concept of care work could allow for different narratives that promote sustainable lifestyles with a milder environmental and social impact on the planet and its communities.
Reimagining the world of (care)work: the case of Cargonomia
Manuel Schulz hat sich im Rahmen der Schreibwerkstatt "Varieties of Mainstream Economics?" kritisch mit dem normativen Selbstverständnis der Verhaltensökonomik auseinandergesetzt.
Humanisierung der Ökonomie oder Ökonomisierung der Humanität? Zur normativen Verortung der Verhaltensökonomik
Teaching economics students about climate reparations enriches their educational experience by providing real-world relevance, promoting critical thinking, fostering interdisciplinary learning, and equipping them with valuable skills for both academic and practical applications. It also encourages ethical awareness, global perspective, and civic engagement, aligning with the broader goals of education in preparing students to address complex global challenges.
Policy Debate: Climate Reparations - Economy Studies
Framing borders as an instrument of capital accumulation imperial domination and labor control Walia argues that what is often described as a migrant crisis in Western nations is the outcome for the actual crisis of capitalism conquest and climate change This book shows the displacement of workers in the global …
Border and Rule
Die Eleganz der modernen Klimaökonomik scheint für viele attraktiv. Wie sie nichtsdestotrotz die Realität verklärt, wichtige Machtfragen ignoriert und so unzulänglich für effektive Klimapolitik ist, zeigt dieser Beitrag von Philipp Censkowsky und Jorim Gerrard.
Der Elefant im Raum: Carbon Majors als blinde Flecken in der Klimaökonomik
Um der Klimakrise zu begegnen, müssen wir unsere Art zu wirtschaften radikal verändern. Ein großes Hindernis auf diesem Weg könnte die vorherrschende ökonomische Theorie sein. Denn der neoklassischen Wirtschaftswissenschaft ist es methodisch unmöglich, alternative Wirtschaftsformen abzubilden. Außerdem führt sie zu Politikempfehlungen, die systematisch die Möglichkeit einer Postwachstumswirtschaft ausblenden.
Die blinden Flecken der neoklassischen Klimaökonomik
Having dissected what's supposedly wrong with contemporary macroeconomics, Steve Keen, on the leading critics of the mainstream of our times and distinguished economist himself, goes on to present his idea of a New Economics: What premises it should build on, what methods it should use, and yes, what purpose it should serve.
The New Economics
This brief responds to the criticism that mainstream economics is currently facing due to its heavy reliance on models and narrow range of quantitative research techniques. It takes a broader view, identifying issues that are also relevant for heterodox and pluralist approaches to economics.
Rethinking Economics
"Stabilise, liberalise and privatise" has, since the debt crisis of the early 1980s, been the mantra chanted at developing countries by international financial institutions, donor countries and newspaper columnists with quasi-religious conviction.
The Resistible Rise of Market Fundamentalism
Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Wie die Wende zu einem nachhaltigen Finanzsystem gelingen kann
Steve Keen analyses how mainstream economics fails when confronted with the covid-19-pandemic. Mainstream economics has propagated the dismantling of the state and the globalization of production - both of which make the crisis now so devastating. More fundamentally, mainstream economics deals with market systems, when what is needed to limit the virus’s spread is a command system.
The Coronavirus and the End of Economics
Marx’s theory of the falling rate of profit is not only empirically borne out, but the theory he proposed seems to describe accurately how that happens. Furthermore, the whole process is useful for understanding the history of contemporary capitalism.
On the Rate of Profit
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