Galbraith gives an overview of economic history from the 18th century until the end of the 19th century covering issues such as the industrial revolution the enclosure of the Scottish highlands the Irish famine and the colonization of North America Additionally the ideas of economists such as Smith Ricardo Malthus … Level: leicht The Age of Uncertainty Episode 1 - The Prophets and Promise of Classical Capitalism John Kenneth Galbraith BBC, CBC, KCET and OECA Does Karl Polanyi's work “The Great Transformation” serve to analyse the current multiple crisis and social movements? Nancy Fraser revises Polanyi's concept of a double movement to capture social forces in the aftermath of the economic crisis of the 1930s – on the one side marketization and on the other hand social protection. Fraser proposes to talk about a triple movement and to account for emancipatory struggles. In the lecture, she discusses interactions as well as conflicts between those three forces, in particular conflicting aims of social protection. The lecture presents the content of her paper “A TRIPLE MOVEMENT? Parsing the Politics of Crisis after Polanyi“ in the New Left Review (2013). 2011 Level: mittel Crisis of Capitalism, Crisis of Governance: Re-reading Karl Polanyi in the 21st Century Nancy Fraser The University of Warwick Galbraith first explores the social darwinism of Herbert Spencer and others that served as apology for the highly unequal distribution of wealth in the US at the end of the 19th century and naturalized differences in wealth by appealing to the concept of natural selection of the fittest. Then some instances of the unscrupulous business practices (i.e. robberies) of the American railroad tycoons and other business magnates are recounted. Lastly, Galbraith lines out some of the arguments of Thorstein Veblen, who delegitimized and ridiculed the business and leisure activities of the rich by putting them in the same category as predatory and ritualized practices of primitive or ancient societies. Level: leicht The Age of Uncertainty Episode 2 - The Manners and Morals of High Capitalism John Kenneth Galbraith BBC, CBC, KCET and OECA Economist and politician Costas Lapavitsas: presents differing theoretical definitions of financialization, namely from Marxist and Post-Keynesian thinkers and compares their approaches. By presenting pattern and features of the economic and financial crisis, he interprets the latter as a crisis of financialization. Lapavitsas emphasizes his arguments by presenting data from the U.S. and Germany on the transformation of business, banks and households. 2015 Level: leicht The Financialisation of Capitalism Costas Lapavitsas Netzwerk Plurale Ökonomik Ha Joon Chang exposes the main ideas of his book Bad Samaritans, namely that historically states have developed and industrialized by making policy interventions related to industry protection, tariffs and subsidies and not by opening their markets to free trade. Chang elaborates on the examples of Japan, the US, Singapore and Germany amongst others to show that an interventionist path to development has been the regularity and not an anomaly. In the end of the lecture, he argues that they idea of a level playing field should be replaced by a trade order that accounts for differences in power and economic capacities of different countries. The last 20 minutes are questions and answers. 2008 Level: leicht Ha-Joon Chang - Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Ha Joon-Chang New America Foundation Anwar Shaikh explores alternative economic explanations, emphasizing 'real competition' theory and the role of imperfections in economic patterns. 2017 Level: mittel Capitalism: Competition, Conflict, Crisis Anwar Shaikh The New School for Social Research 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 … 2021 Level: leicht World Development under Monopoly Capitalism Benjamin Selwyn Developing Economics In this short video, John Holmwood problematizes Marxian Economics from a post-colonial perspective. 2021 Level: mittel Marx: Colonialism, Class and Capitalism John Holmwood https://www.connectedsociologies.org/ The infographic focuses on women's hidden work that goes unrewarded due to the patriarchal setup and how it can be economically analysed. The article on which the infographic is based is written in an Indian context, although the phenomenon isn't confined to a single nation alone. 2013 Level: leicht Capitalism + Patriarchy = Women's Hidden Work   EPW Engage 'This Cambridge professor delights in paradox. And myth-busting . . . he does this with charm and a desire to see how things work in the real world' Guardian, 'In Praise of Ha-Joon Chang' In this revelatory book, Ha-Joon Chang destroys the biggest myths of our times and shows us the truth about how the world really works, including- there's no such thing as a free market. 2011 Level: mittel 23 Things They Don't Tell You about Capitalism Ha-Joon Chang Penguin Anwar Shaikh seeks in his lectures for alternative explanations for empirically observed macro and microeconomic patterns of economic fluctuations, price volatility, and economic development. Level: mittel Capitalism: Competition, Conflict, Crisis Anwar Shaikh The New School This is an introductory course into economics that navigates the intellectual history of political economy in a self-contained and non-technical manner. The course centres on the classical concept of political economy by emphasizing the moral and ethical problems that markets solve or may not solve. 2016 Level: leicht Capitalism & Political Economy Dr. Michael Munger Duke University The concept of financialisation has undergone a similar career as ‘globalisation’, ‘neoliberalism’ or even ‘capitalism’, in the course of which it changed from the explanandum to the explanans; the process of financialisation is taken for granted, while the concrete historical and empirical causal conditions of its realisation and perpetuation are being moved into the background. 2023 Level: schwer A holistic theory of financialisation Samuel Decker Exploring Economics We live in a world that is increasingly difficult to understand. It is not just changing: it is metamorphosing. Change implies that some things change but other things remain the same capitalism changes, but some aspects of capitalism remain as they always were. Metamorphosis implies a much more radical transformation in which the old certainties of modern society are falling away and something quite new is emerging. 2017 Level: mittel The Metamorphosis of the World Ulrich Beck Wiley Institutional economics focuses on the role of social institutions in terms of laws or contracts, but also those of social norms and patterns of human behaviour that are connected to the social organisation of production, distribution and consumption in the economy. Institutionalist 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. 2020 Level: leicht On the Rate of Profit Cahal Moran Rethinking Economics The workshop introduces into the field of critical political economy and tries to identify the role of finacial markets in capitalism, the reason for financial crises and the relevance of Marx in regard to these topics. 2018 Level: leicht Marxian Political Economy Jannis Eicker and Anil Shah 2. Summer Academy for Pluralist Economics In this book, Blakely tells us a story of the class nature of capitalism, in which she centers the role of the financial sector and its rapid growth. 2019 Level: leicht Stolen Grace Blakeley Watkins Media Limited Marxian Political Economy focuses on the exploitation of labour by capital. The economy is not conceived as consisting of neutral transactions for exchange and cooperation, but instead as having developed historically out of asymmetric distributions of power, ideology and social conflicts. Marxian Political Economy     In his 2010 published book “The Enigma of Capital and the Crises of Capitalism” multi-talented US geographer, anthropologist and Marxist economist David Harvey aims to analyse the capitalist system that has shaped western society and the globalized world of today. 2011 Level: mittel The Enigma of Capital David Harvey Profile Books Those who control the world’s commanding economic heights, buttressed by the theories of mainstream economists, presume that capitalism is a self-contained and self-generating system. 2021 Level: leicht Capital and Imperialism Utsa Patnaik, Prabhat Patnaik NYU Press In Trouble in Paradise, Slavoj Žižek, one of our most famous, most combative philosophers, explains how by drawing on the ideas of communism, we can find a way out of the crisis of capitalism. 2015 Level: mittel Trouble in Paradise Slavoj Žižek Penguin Books, Limited Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. 2011 Level: mittel Modern Political Economics Yanis Varoufakis, Joseph Halevi, Nicholas Theocarakis Routledge This groundbreaking collection explores the profound power of Social Reproduction Theory to deepen our understanding of everyday life under capitalism. It tackles issues such as child care, health care, education, family life and the roles of gender, race and sexuality, and shows how they are central to understanding the relationship between economic exploitation and social oppression. Including contributions by: Lise Vogel, Nancy Fraser, David McNally and Susan Ferguson. 2017 Level: mittel Social Reproduction Theory Tithi Bhattacharya Pluto Press This edited volume presents a collection of articles that engage with various concepts from Marx’s Capital and Marxian theory in general, from a ‘Southern’ perspective. The book engages with four specific themes: “Reception of Capital in the East; Value, Commodity, Surplus Value and Capitalism; Population and Rent in Capital; and Issues Beyond Capital”. 2019 Level: leicht ‘Capital’ in the East Achin Chakraborty, Anjan Chakrabarti, Byasdeb Dasgupta, Samita Sen Springer Nature Value and Crisis brings together selected essays written by Alfredo Saad-Filho, one of the most prominent Marxist political economists writing today. Divided into two parts, "Essays on the Theory of Value" and "Essays on Contemporary Capitalism," this book examines the labour theory of value from a rich and innovative perspective from which fresh insights are derived. 2020 Level: mittel Value and Crisis Alfredo Saad Filho Haymarket Books Der Beitrag skizziert kritische polit-ökonomische Bildung als eine umfassende herrschaftskritische Praxis mit dem Ziel der Aufhebung der gegenwärtigen Form gesellschaftlicher Reproduktion. 2024 Level: mittel Kritische Polit-ökonomische Bildung Malte Suhr Exploring Economics For many social critics "globalization" is a signpost of “late-capitalism” with the rise of multinational corporations, mass consumption and the multidirectional flows of capital, labor, media, communication, ideologies and social movements across national borders. Feminist analyses of globalization and the gendered and sexualized permutations of these phenomena offer a critical stance for theorizing these processes, and for studying their complex articulations across time and space. Level: mittel Feminist Inroads in Epistemology, Method, and Theory Carla Freeman Emory University This paper presents an overview of different models which explain financial crises, with the aim of understanding economic developments during and possibly after the Great Recession. In the first part approaches based on efficient markets and rational expectations hypotheses are analyzed, which however do not give any explanation for the occurrence of financial crises and thus cannot suggest any remedies for the present situation. A broad range of theoretical approaches analyzing financial crises from a medium term perspective is then discussed. Within this group we focused on the insights of Marx, Schumpeter, Wicksell, Hayek, Fisher, Keynes, Minsky, and Kindleberger. Subsequently the contributions of the Regulation School, the approach of Social Structures of Accumulation and Post-Keynesian approach, which focus on long-term developments and regime shifts in capitalist development, are presented. International approaches to finance and financial crises are integrated into the analyses. We address the issue of relevance of all these theories for the present crisis and draw some policy implications. The paper has the aim to find out to which extent the different approaches are able to explain the Great Recession, what visions they develop about future development of capitalism and to which extent these different approaches can be synthesized. 2015 Level: mittel Theories of finance and financial crisis: Lessons for the Great Recession Nina Dodig, Hansjörg Herr Institute for International Political Economy Berlin In this book, Kalyan Sanyal reviews the traditional notion of capitalism and propounds an original theory of capitalist development in the post-colonial context. In order to substantiate his theory, concepts such as primitive accumulation, governmentality and post-colonial capitalist formation are discussed in detail. 2013 Level: leicht Rethinking Capitalist Development Kalyan Sanyal Routledge The Price of Slavery analyzes Marx's critique of capitalist slavery and its implications for the Caribbean thought of Toussaint Louverture, Henry Christophe, C. L. R. James, Aimé Césaire, Jacques Stephen Alexis, and Suzanne Césaire. Nick Nesbitt assesses the limitations of the literature on capitalism and slavery since Eric Williams in light of Marx's key concept of the social forms of labor, wealth, and value. 2022 Level: leicht The Price of Slavery Nick Nesbitt University of Virginia Press The book explores the imperialist tendency inherent in global capitalism by using a rigorous political economy framework. 2019 Level: mittel The Wealth of (some) Nations Zak Cope Pluto Press