What made the false assumption that saving the economy at all cost during a pandemic so popular? This paper discusses different pathways through the COVID-19 pandemic at national and international level, and their consequences on the health of citizens and their economies. 2021 Level: leicht How not to save the economy? The interplay of economics and health during the COVID-19 pandemic Vera Leuner, Navaneeth M S, Leandro Pereira Monteiro, Eduardo Lacerda Camargo Bisneto Exploring Economics 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. 2019 Level: leicht History of Economic Thought Dr. Jeff Powell University of Greenwich 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 How can we establish new institutions and practices in order to use fare-free public transport as a beacon for sustainable mobility and a low-carbon lifestyle? The author of this essay elaborates on how practice theory and institutional economics can help to answer this question. 2018 Level: mittel Towards a practice of fare-free sustainability Roxana Erath Exploring Economics A stock-flow-fund ecological macroeconomic model 2020 Level: schwer DEFINE - A stock-flow-fund ecological macroeconomic model Yannis Dafermos, Giorgos Galanis & Maria Nikolaidi DEFINE After completing the module, participants should have gained a basic understanding of the economic school of thought referred to as "Modern Monetary Theory" and should be able to analyze the monetary processes at play in the economy and evaluate fiscal and monetary policy decisions from an MMT-perspective. 2021 Level: leicht Introduction to Modern Monetary Theory Maurice Höfgen Summer Academy for Pluralist Economics In this essay the author elaborates on the EU's perspective on the fast growing sector of the platform economy. 2019 Level: leicht Sharing is Caring? On the EU- Narrative on Platform Economy Laura Porak Exploring Economics Approaching the law of nature that determines all forms of economy. The bulk of economic theory addresses the economic process by setting out on a catalogue of aspects, seeking the laws in the aspects and hoping to get together a reliable view of the whole. 2019 Level: mittel Economic theory, methodology, and secure foundations Dr. Alec A. Schaerer Exploring Economics What are the implications of the politics of "behavioural change"? Alexander Feldmann took a closer look for you on nudging and framing and if this is a legitimate instrument being used by the state to make us behave better in terms of our carbon footprint. 2019 Level: leicht Politics as supermarket? Or how current policy design changes the relationship between the state and its citizens Alexander Feldmann Exploring Economics The global financial crisis (GFC) led to increasing distrust in economic research and the economics profession, in the process of which the current state of economics and economic education in particular were heavily criticized. Against this background we conducted a study with undergraduate students of economics in order to capture their view of economic education. 2018 Level: leicht What economics education is missing: The real world Stephan Pühringer, Lukas Bäuerle Institute of Economics and Philosophy Cusanus Hochschule Complexity economics focuses on interactions and interdependencies between individuals and structures in economic systems. Those are systems of organised complexity. High importance is given to the analysis of networks. Complexity Economics     Der Fokus der Komplexitätsökonomik liegt auf den Interaktionen und Wechselwirkungen zwischen Individuen und Strukturen wirtschaftlicher Systeme. Diese werden als Systeme organisierter Komplexität aufgefasst. Ein besonderes Augenmerk liegt auf der Analyse von Netzwerken. Komplexitätsökonomik     The outbreak of COVID-19 has substantially accelerated the digitalization of the economy. Yet, this unprecedented growth of digital technology brought novel challenges to the labour market. Rise in income inequalities and precarious working conditions or polarization of jobs. In this essay, we try to assess what tools to use to counter these trends. 2021 Level: leicht Post-pandemic future of work - How does digitization impact labour? Neha Chauhan, Miguel Corredera, Krystian Lukasik, Filipa Reis Exploring Economics Economics should schematically explain the key elements and main strands of this core part of social life: the actual workings of our economies. This book argues that orthodox, modern neoclassical economics does not fulfil this core task. Standard economics models do not address the real functioning of our market economies, but rather an imagined economy. 2022 Level: leicht Economics and the Real World Joaquim Vergés Ethics International Press Ltd, UK How do people make decisions? There is a class of models in psychology which seek to answer this question but have received scant attention in economics despite some clear empirical successes. In a previous post I discussed one of these, Decision by Sampling, and this post will look at another: the so-called Fast and Frugal heuristics pioneered by the German psychologist Gerd Gigerenzer. Here the individual seeks out sufficient information to make a reasonable decision. They are ‘fast’ because they do not require massive computational effort to make a decision so can be done in seconds, and they are ‘frugal’ because they use as little information as possible to make the decision effectively. 2020 Level: leicht Bounded Rationality: the Case of ‘Fast and Frugal’ Heuristics Cahal Moran Rethinking Economics This paper is a product of an online workshop held in Nigeria on the topic Unemployment: Policy Review and Recommendations. It explores the various unemployment policies introduced by the Nigerian Government and analysis how effective they are and suggests some practicable solutions to solving unemployment problems in the country. The workshop was organized by Rethinking Economics The Uploaders (RETU) as part of the project Solving the Major Economic Problem in Nigeria (SMEPN), an output of the Global Pluralist Economics Training (GPET). More details here: https://www.retheuploaders.org/programs/SMEPN 2021 Level: leicht Unemployment in Nigeria: Policy Review and Recommendations Abdulkhalid Anda Salihu Rethinking Economics The Uploaders (RETU) An essay of the writing workshop on contemporary issues in the field of Nigerian economics: The adverse effect of climate change is overwhelming, not just in Nigeria but globally. Global warming is the result of hostile human activities that have impacted the environment negatively. This is the principal variable the government should tackle through practical innovations such as the acceptable implementation of Adaptation Policies and also through the adequate implementation of environmental tax. These will enhance pro-environmental behaviour which is fit for socio-political and economic activities for sustainability. Level: leicht The Role of Fiscal Policy in Climate Change Mitigation Via Environmental Management and Sustenance in Nigeria Ayuba Yahaya Karatu Exploring Economics In der Studie werden Lehrbücher zur Einführung in die Mikro- und Makroökonomie an deutschen Hochschulen untersucht. Level: leicht Ideologisch einseitig und didaktisch zweifelhaft: Eine Analyse vorherrschender mikro- und makroökonomischer Lehrbücher Dr. Dr. Helge Peukert Forschungsinstitut für gesellschaftliche Weiterentwicklung (FGW) 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. 2020 Level: leicht The Coronavirus and the End of Economics Steve Keen Exploring Economics Firms are the primary places where economic activity takes place in modern capitalist economies: they are where most stuff is produced; where many of us spend 40 hours a week; and where big decisions are made about how to allocate resources. Establishing how they work is hugely important because it helps us to understand patterns of production and consumption, including how firms will react to changes in economic conditions and policy. And a well-established literature – led by post-Keynesians and institutionalists – holds that the best way to determine how firms work is to…wait for it...ask firms how they work. This a clearly sensible proposition that is contested in economics for some reason, but we’ll ignore the controversy here and just explore the theory that springs from this approach. 2020 Level: leicht The ‘How Firms Work’ Approach to How Firms Work Cahal Moran Rethinking Economics An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution 2020 Level: mittel The Fourth Industrial Revolution: Economic Impact and Possible Disruptions Emmanuel Obijole Exploring Economics Why did inflation lift of in 2022? Are there differences between the US and the Eurozone and if so, what are they? 2022 Level: schwer The Inflation Surge of 2021-22: Scarcity of Goods and Commodities, Strong Labor Markets and Anchored Infl ation Expectations Ángel Ubide ZBW – Leibniz Information Centre for Economics/CEPS – Centre for European Policy Studies Die marxistische Ökonomie stellt eine Wirtschaftstheorie dar, die im Wesentlichen auf Karl Marx Hauptwerk „Das Kapital“ beruht. Aufbauend auf den Ansätzen der klassischen Nationalökonomie werden hierbei die kapitalistischen Produktionsweisen sowie der Grundwiderspruch zwischen Kapital und Arbeit analysiert und kritisiert (vgl. Kirchgässner 1988, S. 128). Ausgehend von der marxistischen Kapitalismuskritik werden insbesondere das Wesen der kapitalistischen Ausbeutung und der Klassenkonflikt zwischen Bourgeoisie und Proletariat behandelt (vgl. Utz 1982, S. 22-23). 2022 Level: leicht Marxistische Ökonomie Nussbaumer, Zwicklhuber Exploring Economics Stratification economics is defined as a systemic and empirically grounded approach to addressing intergroup inequality. Stratification economics integrates economics, sociology and social psychology to distinctively analyze inequality across groups that are socially differentiated, be it by race, ethnicity, gender, caste, sexuality, religion or any other social differentiation. 2021 Level: leicht Stratification Economics Tanita Lewis, Nyamekye Asare, Benjamin Fields Exploring Economics 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) 2022 Level: leicht Evolutionäre und institutionelle Ökonomie Hochmayr, Luger, Eisner Exploring Economics As opposed to the conventional over-simplified assumption of self-interested individuals, strong evidence points towards the presence of heterogeneous other-regarding preferences in agents. Incorporating social preferences – specifically, trust and reciprocity - and recognizing the non-constancy of these preferences across individuals can help models better represent the reality. 2019 Level: mittel A fresh perspective to economic theory: Social preferences and their impact on gender and policy Sheral Shah Exploring Economics This course provides future change makers in public and private sectors with a comprehensive overview on the structures and actors that shape markets. 2019 Level: leicht The Governance of Markets in Challenging Times: From Classic Authors to New Approaches Lukas Graf Hertie School of Governance Bastard Keynesianismus in einer doktrinenbezogenen Darstellung des Stoffes Eckhard Hein Quelle van Treeck Till and Janina Urban Wirtschaft neu denken Blinde Flecken in der Lehrbuchökonomie iRights Media 2016 Das Buch kann hier bestellt werden http irights media de publikationen wirtschaft neu denken Rezensiertes Buch Felderer B Homburg S 2005 Makroökonomik … 2016 Level: leicht Bastard-Keynesianismus in einer „doktrinenbezogenen Darstellung des Stoffes“ Eckhard Hein Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie Diese Webseite widmet sich der Vielfalt bestehender ökonomischer Theorien und Methoden. Orientiere Dich, vergleiche, entdecke und studiere die unterschiedlichen ökonomischen Perspektiven. 2016 Level: leicht Neoklassisches Paradigma in Standardlehrbüchern Hansjörg Herr Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie Michael Kalecki famously remarked “I have found out what economics is; it is the science of confusing stocks with flows”. Stock-Flow Consistent (SFC) models were developed precisely to address this kind of confusion. The basic intuition of SFC models is that the economy is built up as a set of intersecting balance sheets, where transactions between entities are called flows and the value of the assets/liabilities they hold are called stocks. Wages are a flow; bank deposits are a stock, and confusing the two directly is a category error. In this edition of the pluralist showcase I will first describe the logic of SFC models – which is worth exploring in depth – before discussing empirical calibration and applications of the models. Warning that there is a little more maths in this post than usual (i.e. some), but you should be able to skip those parts and still easily get the picture. 2020 Level: leicht Stock Flow Consistent Macroeconomics Cahal Moran Rethinking Economics An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution 2020 Level: mittel The Role of Women in the Fourth Industrial Revolution Damilola Phebean Owasanoye Exploring Economics Die derzeit geltenden rechtlichen Begrenzungen von Staatsverschuldung basieren auf Mythen, die nicht ökonomisch fundiert sind. Sinnvoller wäre es, die Schuldenaufnahme so zu gestalten, dass sie die ökonomischen, sozialen und ökologischen Grenzen respektiert. Ein Beitrag von Carolina Ortega Guttack, Carl Mühlbach und Tung Doan. 2023 Level: leicht Was sind die Grenzen von Staatsschulden? Carolina Ortega Guttack, Carl Mühlbach und Tung Doan Economists for Future