436 Ergebnisse
It is perhaps fitting that the seriousness of the coronavirus threat hit most of the Western world around the Ides of March, the traditional day of reckoning of outstanding debts in Ancient Rome. After all, problems and imbalances have accumulated in the Western capitalist system over four decades, ostensibly since it took the neoliberal road out of the 1970s crisis and kept going along it, heedless of the crises and problems it led to.
The Unexpected Reckoning: Coronavirus and Capitalism
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
The core of Georgism is a policy known as the Land Value Tax (LVT), a policy which Georgists claim will solve many of society and the economy’s ills. Georgism is an interesting school of thought because it has the twin properties that (1) despite a cult following, few people in either mainstream or (non-Georgist) heterodox economics pay it much heed; (2) despite not paying it much heed, both mainstream and heterodox economists largely tend to agree with Georgists. I will focus on the potential benefits Georgists argue an LVT will bring and see if they are borne out empirically. But I will begin by giving a nod to the compelling theoretical and ethical dimensions of George’s analysis, which are impossible to ignore.
It’s the Land, Stupid!
One of the pluralist theories which has gained prominence following the 2008 financial crisis is Hyman Minsky and his Financial Instability Hypothesis (FIH). Minsky was unique in viewing balance sheets and financial flows as the primary components of capitalist economies, and his focus on the financial system meant he was well-equipped for foresee a crisis much like 2008. Although he died long before 2008 his framework anticipated many of the processes which led to the crash, particularly increased risk-taking and financial innovation which would outstrip the abilities of regulators and central banks to manage the system.
Minsky’s Moments
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
If there’s one method economists have neglected the most, it’s qualitative research. Whereas economists favour mathematical models and statistics, qualitative research seeks to understand the world through intensive investigation of particular circumstances, which usually entails interviewing people directly about their experiences. While this may sound simple to quantitative types the style, purpose, context, and interpretation of an interview can vary widely. Because of this variety, I have written a longer post than usual on this topic rather than doing it a disservice. Having said that, examples of qualitative research in economics are sadly scant enough that it doesn’t warrant multiple posts. In this post I will introduce qualitative research in general with nods to several applications including the study of firm behaviour, race, Austrian economics, and health economics. More than usual I will utilise block quotes, which I feel is in the spirit of the topic.
Qualitative Methods in Economics: "You Can Observe a Lot Just by Watching"
Health Economics traditionally involves two distinct strands. One focuses on the application of core neoclassical economic theories of the firm, the consumer and the market to health-seeking behaviour and other health issues. It suggests a role for government intervention only in the case of specific market failures (for example externalities, asymmetric information, moral hazard, and public goods) that distort market outcomes. The second strand is evaluation techniques, used to assess the cost effectiveness of competing health interventions.
Health Economics
Der Aufstieg des Asset Manager Kapitalismus ändert die Besitzstruktur fossiler Energiekonzerne fundamental. Doch trotz ihrer Exposition gegenüber systemischen Klimarisiken bleiben Asset Manager Akteur*innen des Status Quo, argumentieren Vera Huwe und Stephan Stuckmann zum Auftakt der neuen Economists for Future-Serie.
Das Ende der fossilen Ära?
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
Ein Blick auf die marxistische Staatstheorie lohnt sich, um die Möglichkeiten und Grenzen staatlicher Politik besser zu verstehen. Moritz Zeiler präsentiert drei Ansätze der marxistischen Staatstheorie, die in das Thema einführen und als Appetitanreger für weitere Lektüre, Debatte und Theorieaneignung dienen sollen.
Was ist der Staat? Einführung in zentrale Thesen marxistischer Staatstheorie
In this short lecture the marxist economic geographer David Harvey explains how his theory of The accumulation of dispossession came about and its central principles The theory builds on Marx law of the centralisation of capital arguing how the accumulation no longer stems from producing rather through trading asset values …
Anti-Capitalist Chronicles: Accumulation by Dispossession
Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Development of heterodox economics at public German universities since the 1970s
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?
This video explains what a co-operative is, discussing the different types, their history and purposes, before moving on to discuss the current state of the co-operative movement.
What is a Co-op?
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
Das Ziel des Seminars ist die Vermittlung grundlegender Elemente sozioökonomischen Denkens, insbesondere Kenntnisse über zentrale Fragestellungen, die historische Genese, aktuelle Forschungsprobleme und zeitgenössische Anwendungen der Sozioökonomie. Die TeilnehmerInnen werden dabei schrittweise in unterschiedliche Aspekte sozioökonomischer Forschungstätigkeit eingeführt und haben dabei die Möglichkeit das erworbene Wissen in praktischen Übungen anzuwenden.
Einführung in die Sozioökonomie
Mainstream economic narratives notably the concept of comparative advantage trade theory which assumes the equal balance of power between parties are deployed to support the merits of Global Value Chains that the global integration via trade creates mutual gains for both developed and developing countries This narrative is advanced in …
World Development under Monopoly Capitalism
In this short video, John Holmwood problematizes Marxian Economics from a post-colonial perspective.
Marx: Colonialism, Class and Capitalism
Aim of this intensive workshop is to understand macroeconomic workings of climate change as as the background of sustainable finance; to analyse financial assets with ESG (Environmental, Social and Governance) criteria attached to them and their markets and important institutional players; to develop a critical perspective on the current setup of sustainable finance; and to synthesise this knowledge by applying it on in-depth case studies.
Sustainable Finance
Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, provides insight on the history of primary commodity export dependence in Africa, and relates it to the difficulties African governments are facing finding necessary resources to tackle the COVID-19 pandemic.
Tracing Primary Commodity Export Dependence
Course goals Learn about women men and work in the labor market and the household Learn to apply the tools of economic analysis to these topics and deepen understanding of these tools Develop the skills to think critically about gender issues including policy interventions Enhance understanding of how to analyze …
Women in the Economy
Feminist economics critically analyzes both economic theory and economic life through the lens of gender, and advocates various forms of feminist economic transformation. In this course, we will explore this exciting and self-consciously political and transformative field.
Feminist Economics
This course introduces students to the relevance of gender relations in economics as a discipline and in economic processes and outcomes.
Gender relations and Economics
This course is an introduction to Development Economics and is concerned with how economists have sought to explain how the process of economic growth occurs, and how – or whether – that delivers improved well-being of people.
Development Economics
What are the debates, feminist and otherwise, surrounding the phenomena of globalization? How does a gendered lens complicate our understandings of neoliberal globalization? How are particular labor regimes integral to global restructuring, and how are these gendered? What are the implications of global restructuring for bodies, identities, relations, and movements?
The Gender and Labor of Globalization
This episode of the Future Histories Podcast featuring Moira Weigel sets the development of digital capitalism and the right-ward shift in politics and society in relation to one another. It provides a masterful combination of ideology critique and polit-economic analysis grounded in comprehensive knowledge of the digital economy.
Moira Weigel on Palantir, Tech-Nationalism & Aggression in the Life-World
Aim of this intensive workshop is 1.) to introduce the participants to the macroeconomic workings of the climate crisis as the background of sustainable finance; 2.) to introduce financial assets with ESG (Environmental, Social and Governance) criteria attached to them and their markets and important institutional players; 3.) to provide a critical perspective on the current setup of sustainable finance; 4.) and to work on in-depth case studies illustrating the workings on ESG-finance markets, its emitters and traders as well as their macroeconomic implications.
Sustainable Finance – Hoax or necessity. A global perspective
This course attempts to explain the role and the importance of the financial system in the global economy. Rather than separating off the financial world from the rest of the economy, financial equilibrium is studied as an extension of economic equilibrium. The course also gives a picture of the kind of thinking and analysis done by hedge funds.
Financial Theory
This interactive and practice-oriented course updated in 2021 covers the basics of Sustainable Finance including sustainable finance instruments, methodologies and frameworks for integrating sustainability into financial decisions, key global sustainable finance initiatives, and sustainable finance regulations.
Introduction to Sustainable Finance
In a capitalist system, consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How actors assess uncertainty is a problem that economists have tried to solve through general equilibrium and rational expectations theory. Powerful as these analytical tools are, they underestimate the future's unknowability by assuming that markets, in the aggregate, correctly forecast what is to come.
Imagined Futures
Economic development is a process of continuous technological innovation and structural transformation. Development thinking is inherently tied to the quest for sustainable growth strategies. This book provides a neoclassical approach for studying the determinants of economic structure and its transformation and draws new insights for development policy.
New Structural Economics
Finance. Climate. Food. Work. How are the crises of the twenty-first century connected?In "Capitalism in the Web of Life", Jason W. Moore argues that the sources of today's global turbulence have a common cause: capitalism as a way of organizing nature, including human nature.
Capitalism in the Web of Life
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