Croatia adopted the euro as its currency on 1 January 2023, becoming the 20th member state of the eurozone. In this teaching pack, students learn what it entails to join the eurozone and discuss what its effects might be. In this way, the case helps students connect theoretical insights about monetary unions with real world knowledge and economic developments in the news.

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.

In this teaching pack, we look at the acquisition of Twitter by Elon Musk. In particular, we focus on what it means to take a company private and how the deal was financed.

Although money plays a key role in our lives, the workings of our monetary system are a mystery to most of us. ‘The Waterworks of Money’ by cartographer Carlijn Kingma is an attempt to demystify the world of big finance. It visualizes the flow of money through our society, its hidden power made manifest. If you see money as water, our monetary system is the irrigation system that waters the economy. The better the flow, the more prosperous society will be. Just as water makes crops thrive, so money sets the economy in motion. Or at least that’s the idea. In reality, inequality is growing in many countries and people are dealing with a ‘cost of living crisis’. Meanwhile, the progress with making our economies sustainable is stalling, and financial instability remains an ongoing threat. These problems cannot be seen in isolation from the architecture of our money system. If we truly want to tackle them, we will have to address the design flaws of our current money system. For more info check: https://www.waterworksofmoney.com or https://www.carlijnkingma.com For the Dutch version of the animation check: https://www.ftm.nl/waterwerk Current exhibitions: 'The Future of Money' at Kunstmuseum Den Haag, 14 April, 2023 - 8 September 2023. 'Plumbing The System' at the Dutch Pavilion of the Venice Biennale, 20 May 2023 - 26 November 2023 The second animation video of this series will be released in September 2023. The Waterworks of Money is a collaboration of cartographer Carlijn Kingma, investigative financial journalist Thomas Bollen, and professor New Finance Martijn van der Linden. Kingma spent 2300 drawing hours, based on in-depth research and interviews with more than 100 experts –ranging from central bank governors and board members of pension funds and banks to politicians and monetary activists. The structure of our monetary system is not a natural phenomenon. We can choose to change its architecture. Designing the money system– and the laws and institutions that govern it–is ultimately a democratic task, and not a commercial or technocratic one. In practice, however, there is a major obstacle impeding the democratic process: financial illiteracy. By making finance and money needlessly complex, economists, bankers and tax specialists have turned most of us into ‘financial illiterates’. Everyone who doesn’t speak their financial jargon is excluded from the democratic debate on how our monetary system should work. The Waterworks of Money bypasses the financial jargon. It is an attempt to boost systemic financial literacy. Only if ordinary citizens develop their own vocabulary to participate in the debate about their financial future, can they tell their politicians which kind of ‘financial irrigation system’ they want. Authors: Carlijn Kingma, Thomas Bollen, Martijn Jeroen van der Linden Animation: Tiepes, Christian Schinkel, Cathleen van den Akker Narrator: Loveday Smith Translation: Erica Moore Voice recording: Huub Krom Music and sound: Rob Peters Photography: Studio OPPA Partners: Follow the Money, De Haagse Hogeschool, Stimuleringsfonds Creatieve Industrie, Brave New Works, Rabobank, Kunstmuseum Den Haag, Rijksmuseum Twenthe

Traditionally, economists have attributed consistency and rational calculation to the action of ‘economic man’. In a powerful challenge to orthodox thinking, Geoffrey Hodgson maintains that social institutions play a central and essential role in molding preferences and guiding action: institutions are regarded as enabling action rather than merely providing constraints.

Some economic events are so major and unsettling that they “change everything.” Such is the case with the financial crisis that started in the summer of 2007 and is still a drag on the world economy. Yet enough time has now elapsed for economists to consider questions that run deeper than the usual focus on the immediate causes and consequences of the crisis.

An introductory course on Game Theory

Dieser Kurs richtet sich an Interessierte, die einen Überblick über gängige Modellierungsansätze in der Makroökonomik erhalten wollen.

Economics is extremely sick. It is so locked in its past that nearly all of its introductory textbooks are modelled on one that appeared in 1948. The discipline cannot continue in its autistic state much longer.

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.

Today it feels like everybody is talking about the problems and crises of our times: the climate and resource crisis, Greece's permanent socio-political crisis or the degrading exploitative practices of the textile industry.

Free, Fair & Alive is a foundational re-thinking of the commons, the self-organized social systems that human beings have used for millennia to meet their needs.

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 world's leading economist of inequality presents a short but sweeping and surprisingly optimistic history of human progress toward equality despite crises, disasters, and backsliding.

The authors show how consumers, business, the Federal Reserve, and government take into account what's going on around them to make critical decisions like buying new products, building new factories, changing interest rates, or setting budget goals. The book provides a clear roadmap to understanding the whole story behind the global economy.

"Es ist einfacher geworden, sich das Ende der Welt vorzustellen als das Ende des Kapitalismus." Mark Fisher greift in diesem Buch den widersprüchlichen Zeitgeist der gegenwärtigen kapitalistischen Gesellschaft auf.

How do Airbnb and short-term rentals affect housing and communities? Locating the origins and success of Airbnb in the conditions wrought by the 2008 financial crisis, the authors bring together a diverse body of literature and construct case studies of cities in the US, Australia and Germany to examine the struggles of local authorities to protect their housing and neighborhoods from the increasing professionalization and commercialization of Airbnb.

Money is the fantasy that makes the world go round. Where did it come from and what is its future? From the Bank of England to Bitcoin and the Bristol Pound, LSE sociologist Nigel Dodd explores.

This course covers recent advances in behavioral economics by reviewing some of the assumptions made in mainstream economic models, and by discussing how human behavior systematically departs from these assumptions.

"The New Classical Macroeconomics "gives an accessible, rigorous, critical account of the central doctrines of the new classical economics, without unnecessarily difficult mathematics. It focuses on four central issues: the foundation of monetary theory; monetary and fiscal policy; labour supply and business cycles; and the attack on econometric models.

Dass die momentane Krise der Finanzmärkte auch eine Krise der Wirtschaftswissenschaften sei, liest man derzeit immer wieder. Der Marktliberalismus und seine Theorie der "effizienten Märkte" seien gescheitert, es gebe in der ökonomischen Ortho doxie kein Instrumentarium, um "wilde Märkte" zu verstehen die offenkundig Realität sind.

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.

Im Nachgang der 2022er Tagung für Kritische Kommunikationswissenschaften in Wien versammelt"Eigentum, Medien, Öffentlichkeit" nun auf knapp 500 Seiten zahlreiche spannende Beiträge rund um das Thema Eigentum – verfasst von ganz unterschiedlichen Autor*innen aus dem näheren und weiteren Kritische Kommunikationswissenschafts-Universum.

In this video, Clara Mattei investigates the function of austerity in relation the stabilization of capitalism as a form of social order build around private property, wage labor and class relations. In order to develop this argument, she situates austerity in the history of World War 1 and its revolutionary aftermath. Zooming in on the politicization of the economy and the associated threat to class society that emerged in the period, she highlights how austerity was a „tool of reaction“ that was successful in curtailing demands for economic democracy and a society free from class oppression.

Mia Smettan spricht im Danke für Nichts.Podcast mit Justyna Oblacewicz von der Beratungsstelle Faire Mobilität über die unregulierten Arbeitsbedingungen von osteuropäischen Haushaltskräften. Was müsste geschehen, um mehr Sichtbarkeit und besseren Arbeitsschutz für die Care-Arbeiter*innen zu garantieren? Und wie erleben die zu pflegenden Personen die Situation?

The paper gives a comprehensive overview of challenges facing energy transmission and distribution networks in the UK in the wake of the green transition and makes the case for public ownership.

In 'Wagenknecht - nationale sitten & schicksalsgemeinschaft' von Wolfgang Veiglhuber und Klaus Weder findet sich eine kritische Auseinandersetzung mit Sahra Wagenknechts ökonomischem Denken. Dabei wird insbesondere ihre Nähe zu konservativen und reaktionären Gedankenwelten herausgearbeitet.

The first book to bring together the key writings and speeches of civil rights activist Sadie Tanner Mossell Alexander--the first Black American economist In 1921, Sadie Tanner Mossell Alexander became the first Black American to gain a Ph.D. degree in economics. Unable to find employment as an economist because of discrimination, Alexander became a lawyer so that she could press for equal rights for African Americans.

Ulrike Herrmann's "Das Ende des Kapitalismus" ist ein spannendes und auch für Nicht-Expert*innen verständlich geschriebenes Buch. Es bietet einen guten Überblick darüber, warum es einen strukturellen Widerspruch zwischen dem Fortbestehen des Kapitalismus und dem Klimaschutz gibt.

The new online platform ‚DIY Macroeconomic Model Simulation‘ provides an open-source code repository and online script for macroeconomic model simulation. It follows a “do-it-yourself” (DIY) approach, empowering users to numerically simulate key macroeconomic models on their own using the programming language R.

Der WSI-Verteilungsbericht bietet wie jedes Jahr einen faktengesaettigten Bericht zur Lage der sozialen Ungleichheit in Deutschland vor. Insbesondere die Ausfuehrungen zum Zusammenhang von Ungleichheit und Institutionenvertrauen und die im Bericht enthalteten Daten zu ungleich verteilten Sorgen in verschiedenen wirtschaftlichen Lagen, sowie die Ausfuehrungen zur unterschiedlichen Betroffenheit der gegenwaertigen Krisenkonstellation sind interessant und politisch bedeutsam.

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.