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Auch die Politik ist sich inzwischen bewusst, welche Konsequenzen die Überbeanspruchung endlicher Ressourcen hat. Dennoch wird der materielle Bedarf der Durchflussgesellschaft weiter befriedigt – insbesondere in Krisenzeiten.
Mainstream inflation theories in economics do little to explain the recent acceleration in price increases. The associated economic policy recommendations further increase the misery of low-income groups.
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“ ist ein geflügelter Begriff. Er kann als ein Element einer Strategie betrachtet werden, die darauf abzielt, die handelspolitische Konfrontation mit China diskursiv einzurahmen. Diese Konfrontation wurde in den letzten Jahren hauptsächlich von den USA vorangetrieben und erfuhr zunächst eine vorsichtige, später jedoch immer deutlichere Unterstützung vonseiten der EU.
That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does.
Economics: A New Introduction provides a fresh introduction to real economics. Highlighting the complex and changing nature of economic activity, this wide-ranging text employs a pragmatic mix of old and new methods to examine the role of values and theoretical beliefs in economic life and in economists understanding of it.
In aufgeheizten Zeiten mit noch aufgeheizteren Debatten lohnt es sich manchmal, einen Schritt zurückzutreten, um die Dinge grundsätzlich zu betrachten und nüchtern zu analysieren. Wenn man das bei dem seit November andauernden Streit über die Haushaltspolitik der Bundesregierung tut, kommt man zu einigen spannenden Erkenntnissen, erklären Jonas Plattner und Chiara Rohlfs in der Agora42 Kolumne.
Lineares Wirtschaften ist trotz alternativer Vorschläge fest etabliert. Dabei wäre eine effektive Umsetzung der Kreislaufwirtschaft nötig, um den Fußabdruck menschlichen Konsums deutlich zu verringern. Ein Beitrag von Patricia Urban.
Thinking in Systems, is a concise and crucial book offering insight for problem solving on scales ranging from the personal to the global. Edited by the Sustainability Institute's Diana Wright, this essential primer brings systems thinking out of the realm of computers and equations and into the tangible world, showing readers how to develop the systems-thinking skills that thought leaders across the globe consider critical for 21st-century life.
Surviving the Future is a story drawn from the fertile ground of the late David Fleming's extraordinary 'Lean Logic: A Dictionary for the Future and How to Survive It'. That hardback consists of four hundred and four interlinked dictionary entries, inviting readers to choose their own path through its radical vision. Recognizing that Lean Logic's sheer size and unusual structure can be daunting, Fleming's long-time collaborator Shaun Chamberlin has selected and edited one of these potential narratives to create Surviving the Future. The content, rare insights, and uniquely enjoyable writing style remain Fleming's, but are presented here at a more accessible paperback-length and in conventional read-it-front-to-back format
Jo Michell discusses some key implications of climate change regarding the standard policy prescriptions of Post-Keynesian economics, particularly relating to the possible necessity of consumption constraints and the presence of recurrent inflation.
This open access book presents an alternative to capitalism and state socialism through the modelling of a post-market and post-state utopia based on an upscaling of the commons, feminist political economy and democratic and council-based planning approaches.
Die meisten Sozialwissenschaften beschäftigen sich mit der Ideengeschichte ihres Faches im Grundstudium. Anders in der Volkswirtschaftslehre. Aber ist nicht der Kontext eines Modells oder einer Theorie, bzw. die jeweilige Entstehungsgeschichte entscheidend, um es in der Tiefe zu verstehen? Ein Essay von Luisa Jentsch.
The climate crisis is not primarily a problem of ‘believing science’ or individual ‘carbon footprints’ – it is a class problem rooted in who owns, controls and profits from material production. As such, it will take a class struggle to solve. In this ground breaking class analysis, Matthew T. Huber argues that the carbon-intensive capitalist class must be confronted for producing climate change.
The module is designed to first present some of the main schools of thought from a historical and methodological perspective. Each week we explore and critically assess the main tenants of each school of thought. In the second part of the module we link history of economic thought and methodology to a specific and contemporary economic question. The second part allows you to engage with current economic issues with an awareness of methodology and methodological differences and with some knowledge of the history of economics.
Jede Finanzkrise ist in erster Linie eine Schuldenkrise. Schuldner_innen nehmen zu viele Kredite auf, die sie dann nicht mehr bedienen können. Gläubiger_innen – vor allem Banken – müssen in der Folge ihre Forderungen abschreiben und vergeben weniger Kredite. Die Finanzkrise ist da.
Um eine solche Finanzkrise wirklich zu verstehen, muss man aber erst begreifen, wie Kredite eigentlich entstehen und wie genau Banken und andere Finanzinstitutionen funktionieren. Aufgabe einführender Bücher in die Volkswirtschaftslehre sollte sein, diese fundamentalen Zusammenhänge darzustellen. Leider stellen diese Bücher das Finanzsystem und die Kreditschöpfung meist falsch dar. Das erschwert sowohl die Analyse einer Finanzkrise als auch Wege zu ihrer Lösung zu finden.
Here we look at the effect of the 2008 Climate Change Act passed in Parliament in the United Kingdom as an effort to curb emissions in all sectors. The Act aside from setting goals to become a low-carbon economy sets up an independent committee on Climate Change to ensure the implementation of policies to comply with the ultimate goal of 80% reduction in total emissions in 2050. I make use of the Synthetic Control Method (SCM) to create a comparative case study in which the creation of a synthetic UK serves as a counterfactual where the treatment never occurred (Cunningham, 2018).
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.
"Yuliya Yurchenko is a senior lecturer and researcher in political economy at University of Greenwich. She is currently in Ukraine on an extraordinary leave. And while she writes that she is, for the moment, in relative safety, that could change any moment. Being a Ukrainian, an activist and an academic, Yuliya traveled to Ukraine on Feb 19, 2022 as part of a fact-finding and solidarity mission with a number of MPs, trade unionists and journalists. The goal, she says, of this mission is to connect with civil society organizations, trade unions, activists and politicians, and “to express direct, cross-border solidarity from the UK working class to the Ukrainian working class.”
More than a century after Hartley Withers's "The Meaning of Money" and 80 years after Keynes's "Treatise on Money", the fundamentals of how banks create money still needs explaining and this book meets that need with clear exposition and expert marshalling of the relevant facts.
How can we shape urban development towards sustainable and prosperous futures This course will explore sustainable cities as engines for greening the economy We place cities in the context of sustainable urban transformation and climate change Sustainable urban transformation refers to structural transformation processes multi dimensional and radical change that …
Dependency in Central and Eastern Europe - Self-reliance and the need to move beyond economic growth
In this essay, the author takes a critical perspective on the pursuit of growth as the solution for providing for environmental sustainability and economic stability in the countries of Central and Eastern Europe.
Drawing from the framework of dependency theory and presenting brief insights into European core-periphery relations the author then argues for the implementation of an alternative strategy to development that is built around the concept of self-reliance.
Whether a black swan or a scapegoat, Covid-19 is an extraordinary event. Declared by the WHO as a pandemic, Covid-19 has given birth to the concept of the economic “sudden stop.” We need extraordinary measures to contain it.
This course introduces students to the relevance of gender relations in economics as a discipline and in economic processes and outcomes. The course covers three main components of gender in economics and the economy: (1) the gendered nature of the construction and reproduction of economic theory and thought; (2) the relevance and role of gender in economic decision-making; and (3) differences in economic outcomes based on gender. We will touch on the relevance of gender and gender relations in at least each of the following topics: economic theory; the history of economic thought; human capital accumulation; labor market discrimination; macroeconomic policy, including gender budgeting; household economics; basic econometrics; economic history; and economic crises.
The last 15 years have seen extensive research into ecosystem service valuation (ESV), spurred by the Millenium Ecosystem Assessment in 2005 (Baveye, Baveye & Gowdy, 2016). Ecosystem services are defined as “the benefits people obtain from ecosystems” (Millenium Ecosystem Assessment, p.V). For example, ecosystems provide the service of sequestering carbon which helps regulate the climate. Valuation means giving ecosystems or their services a monetary price, for example researchers have estimated that the carbon sequestration services of the Mediterranean Sea is between 100 and 1500 million euros per year. The idea of ESV was a response to the overuse of natural resources and degradation of ecosystems, allegedly due to their undervaluation and exclusion from the monetary economy. ESV can be used (1) for policy decision-making, for example allocating funding to a reforestation project (2) for setting payments to people who increase ecosystem services, for example a farmer increasing the organic carbon content of their soil, and (3) for determining fees for people who degrade ecosystem services, for example a company that causes deforestation.
This is an introductory level core course in macroeconomics for those expecting to take further courses in economics. It provides a theoretical and applied approach of introductory macroeconomics, with an international perspective and applications to account for the growing importance of the global economy and the rising openness of economies.
Die Evolutionäre und Institutionelle Ökonomie ist ein ökonomisches Paradigma, in welchem sozialer und ökonomischer Wandel eine zentrale Bedeutung einnehmen. In dieser heterodoxen Rolle außerhalb des wirtschaftswissenschaftlichen Mainstreams sehen einige die Evolutionsökonomie als eine Teildisziplin der Wirtschaftswissenschaften, die sich mit dynamischen Aspekten wirtschaftlichen Austausches befasst; für andere stellt sie eine Revolution wirtschaftstheoretischen Denkens dar. (vgl. Berendt/Glückler: 13 f.) Die Institutionelle Ökonomie zeigt Erklärungsansätze für wirtschaftliche Prozesse auf und betont, dass diese nicht ausschließlich durch „individuelles Rationalverhalten“ geprägt werden. Die Notwendigkeit von Institutionen wird betont, da ein individuelles, rationales Verhalten zu einer negativen Beeinflussung der Gemeinschaft führen kann und somit die Lösung über Institutionen erfolgen muss. (vgl. Nee, 2005: 49 ff)
Das Paradigma der ökologischen Ökonomie (Ecological Economics) stellt einen multidisziplinärern Ansatz dar, um ein ganzheitliches Bild der wachsenden ökologischen Probleme und ihrer Verflechtungen mit der Ökonomie zu erhalten. Sie beschäftigt sich mit Ressourcenknappheit, Umweltverschmutzung, Klimawandel, Nahrungsmittelknappheit oder sozialer Ungleichheit. Hierbei werden wissenschaftliche Disziplinen wie Ökologie, Ökonomie, Physik und zunehmend auch andere Sozial- und Geisteswissenschaften (z.B. Soziologie oder Philosophie) herangezogen, mit dem Ziel, im ökonomischen Denken auch ökologische, ethische, politische, institutionelle und soziale Faktoren zu berücksichtigen. In diesem Zusammenhang werden nichtzuletzt deshalb auch wesentliche Grundannahmen der orthodoxen Ökonomie sehr kritisch betrachtet (Constanza 1989, Ayres 2008, Spash 2010).
The Covid-19 pandemic has laid bare the deep structural rifts in modern capitalist economies. It has exposed and exacerbated the long-lasting systemic inequalities in income, wealth, healthcare, housing, and other aspects of economic success across a variety of dimensions including class, gender, race, regions, and nations. This workshop explores the causes of economic inequality in contemporary capitalist economies and its consequences for the economy and society in the post-pandemic reality, as well as what steps can be taken to alleviate economic inequality in the future. Drawing from a variety of theoretical and interdisciplinary insights, the workshop encourages you to reflect on your personal experiences of inequality and aims to challenge the way in which the issue is typically approached in economics.
The podcast discusses how to deal with the rising inflation and presents a comparative perspective between the US and the EMU. Basically the speakers discuss whether we are heading to a stagflation in Europe similar to the 1970s and they compare the macroeconomic dynamics in the United States vs. the EMU.
Behavioural economics deals with observing behaviour and economic decision making behaviour.
Post-Keynesians focus on the analysis of capitalist economies, perceived as highly productive, but unstable and conflictive systems. Economic activity is determined by effective demand, which is typically insufficient to generate full employment and full utilisation of capacity.
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