A concise introduction to Marx's Labour Theory of Value, the three ratios and the falling rate of profit hypothesis. 2009 Level: leicht Marx's Theory of Economic Crisis Cliff Bowman YouTube Maria Nikolaidi on how Minsky’s theory has been modelled over past decades and how one can use these models in order to analyse contemporary issues such as financial fragility and financial instability caused by climate change. 2016 Level: mittel Minsky's theory about financial fragility and financial instability Maria Nikolaidi IMK As tax day approached, St. Francis College Economics Professors launched their first Economics Week with three days of guest speakers and student research. Randall Wray explains some basic principles of Modern Monetary Theory. 2018 Level: leicht Modern Money Theory for Beginners Randall Wray St. Francis College An introductory course on Game Theory Level: leicht Game Theory Matthew O. Jackson; Kevin Leyton-Brown; Yoav Shoham Stanford University, The University of British Columbia An Introduction to the Political Theory of John Maynard Keynes. John Maynard Keynes was arguably the greatest economist of the 20th century. He discovered the idea that governments should stimulate demand during economic downturns. 2017 Level: leicht An Introduction to the Political Theory of John Maynard Keynes The School of Life The School of Life Youtube Channel Peter Bofinger argues that the Modern Monetary Theory gives theoretical justification for bold answers to the corona crisis. 2020 Level: leicht Coronavirus crisis: now is the hour of Modern Monetary Theory Peter Bofinger Social Europe 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 This is an immensely important book for any student of social theory interested in understanding the colonial roots of a lot of contemporary thinking From a post colonial perspective Gurminder Bhambra and John Holmwood unpack how the emergence of modern society in the context of European colonialism and empire impacted … 2021 Level: mittel Colonialism and Modern Social Theory Gurminder K. Bhambra, John Holmwood John Wiley & Sons A comprehensive account of how government deficits and debt drive inflation 2023 Level: mittel The Fiscal Theory of the Price Level John Cochrane Princeton University Press Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2019 Level: schwer Monetary sovereignty is a spectrum: modern monetary theory and developing countries Bruno Bonizzi, Annina Kaltenbrunner, Jo Michell Post-Autistic Economics Network Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2013 Level: schwer Horizontalists, verticalists, and structuralists: The theory of endogenous money reassessed Thomas I. Palley IMK - Institut für Makroökonomie und Konjunkturforschung, Hans-Böckler-Stiftung Ein Foliensatz zum Wirken von Keynes und seine wichtigsten Werke 2022 Level: leicht John Maynard Keynes: Sozioökonomische Hintergründe, die General Theory und keynesianische Wirtschaftspraxis Christian Grimm Johannes Kepler Universität This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is born on the balance sheets of the central bank or commercial bank. 2017 Level: leicht Modern Monetary Theory and European Macroeconomics Dirk H. Ehnts Routledge, Taylor & Francis Group Popularized by movies such as A Beautiful Mind game theory is the mathematical modeling of strategic interaction among rational and irrational agents Over four weeks of lectures this advanced course considers how to design interactions between agents in order to achieve good social outcomes Three main topics are covered social … Level: mittel Game Theory II: Advanced Applications Matthew O. Jackson; Kevin Leyton-Brown; Yoav Shoham Stanford University, The University of British Columbia Since the 1980s, the financial sector and its role have increased significantly. This development is often referred to as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of finance manifests a new era in the history of capitalism. The present article first provides some general discussion on the term financialization and presents some stylized facts which highlight the rise of finance. Then, it proceeds by briefly reviewing the main arguments in the Marxian framework that proposedly lead to crisis. Next, two schools of thought in the Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the contradictions imposed by financialization that disrupt the growth process and also stress the fragilities imposed by the new growth regime. The two approaches introduced here are the Social Structure of Accumulation Theory and Monthly Review School. The subsequent part proceeds with the Post-Keynesian theory, first introducing potential destabilizing factors before discussing financialization and the finance-led growth regime. The last section provides a comparative summary. While the basic narrative in all approaches considered here is quite similar, major differences stem from the relationship between neoliberalism and financialization and, moreover, from the question of whether financialization can be considered cause or effect. 2016 Level: mittel Financialization and the crises of capitalism Petra Dühnhaupt Institute for International Political Economy Berlin Developmental economics 2021 Level: leicht The roots of dependency theory João Braga blobMetropolis In this interview, Elizabeth Currid-Halkett presents her view on how "the leisure class has been replaced by a new elite, and how their consumer habits affect us all". 2017 Level: leicht A Theory of the Aspirational Class Elizabeth Currid-Halkett (interview) YouTube Looking for a pithy introduction into John Maynard Keynes's economic thinking? This BBC radio programme may be it. 2018 Level: leicht Keynesianism: The Story Behind This Key Economic Theory BBC, Anne McElvoy BBC The goal of the class is to acquire familiarity with recently-published research in alternative macroeconomics with a focus on the distribution of income and wealth, cyclical growth models, and technical change. 2021 Level: leicht Theory Seminar Macro-Distribution Daniele Tavani 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 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. 2009 Level: leicht Financial Theory John Geanakoplos Yale University Think Academy Think Academy Level: leicht Emergence Theory Think Academy Think Academy In diesem Podcast beantwortet Aaron Sahr unter anderem folgende Frage: Woher stammt das Geld zur Rettung unserer kapitalistischen Wirtschaft in einer Finanzkrise? 2020 Level: leicht Future Histories: Aaron Sahr zu monetärer Souveränität und Modern Monetary Theory Jan Groos, Aaron Sahr www.futurehistories.today This lecture was held in the context of the a two day conference called Which pluralism for thinking about how to achieve a more sustainable and resilient economy The practices institutions and system logics of today s economy are not suitable for appropriately addressing fundamental human needs The climate crisis … 2021 Level: leicht Mainstream Theory of Finance Nikos Stravelakis Conference "Which Pluralism?" In a challenge to conventional views on modern monetary and fiscal policy, this book presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest. 2015 Level: mittel Modern Money Theory Wray, L. Randall Palgrave Macmillan Based on a paper by Jason Hickel and Giorgos Kallis Decoupling refers to the separation of economic value creation material extraction and pollution. Ecological limits pose a challenge to growth-led development and the low historical and predicted rate of decoupling suggests that long-term sustainable growth-led development is impossible. 2021 Level: leicht Degrowth and Environmental Justice: Decoupling Jezri Krinsky blobMetropolis The Philosophy of Economics Foundational Text provides a systematic and well-structured overview over the field of philosophy of economics. 2023 Level: leicht Philosophy of Economics Milena Dehn, Ella Needler and Jessica Palka Exploring Economics 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 paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands of post-Keynesian economics, their commonalities and developments since the 1930s will be outlined. This will provide the grounds for touching upon three important areas of development and progress of post-Keynesian macroeconomics since the mid-1990s: first, the integration of distribution issues and distributional conflict into short- and long-run macroeconomics, both in theoretical and in empirical/applied works; second, the integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical circumstances, like the process of financialisation; and third, the development of full-blown macroeconomic models, providing alternatives to the mainstream 'New Consensus Model' (NCM), and allowing to derive a full macroeconomic policy mix as a more convincing alternative to the one implied and proposed by the mainstream NCM, which has desperately failed in the face of the recent crises. 2012 Level: mittel Post-Keynesian macroeconomics since the mid-1990s: Main developments Eckhart Hein Institute for International Political Economy Berlin Although sometimes used as synonyms, economic growth and economic development refer to different processes. While economic growth refers to an increase in real national income and output (i.e., GDP growth rate), economic development refers to an improvement in the quality of life and living standards (i.e., life expectancy). 2018 Level: leicht Could gender equality help the economy? Ximena Perez Pluralist Economics Fellowship Quinn Slobodian a historian of modern Germany and international history analysis of current development in the Mont Pèlerin Society and therefore neo-liberalism. He sees neo-liberalist thinkers less as believers in the self-healing power of markets, but more as ordo-liberal Globalists who wanted to protect the markets from post-war politics and especially mass democracy. Their goal of global capitalism is still strong, however sceptics in the Mont Pèlerin Society are rising, which see international migration as a threat to Globalisation. Therefore, turning neo-liberal policies away from international institutions like the EU back towards the national states as new defenders of the markets as well as international trade and investments. (A development which can be seen in the Friedrich A. von Hayek-Gesellschaft and especially in the "liberal" wing of the German rightwing populist party AfD) 2019 Level: mittel Neo-liberal Globalism and the Backlash from Within Quinn Slobodian OXI - Wirtschaft anders denken Commons stand for a plurality of practices ‘beyond market and state’ as the famous Commons scholar – and first female noble prize winner of economics - Elinor Ostrom put it. Their practice and theory challenge classical economic theory and stand for a different mode of caring, producing and governing. Within this workshop we want to dive into theory, practice and utopia of Commons following four blocks... 2022 Level: leicht The Future of Commons Friederike Habermann & Simon Sutterlütti, Summer Academy 2022 for Pluralist Economics