Austrian economics focuses on the economic coordination of individuals in a market economy. Austrian economics emphasises individualism, subjectivism, laissez-faire politics, uncertainty and the role of the entrepreneur, amongst others. Austrian Economics     Der Fokus der Neoklassik liegt auf dem Umgang mit knappen Ressourcen. Analysen beschäftigen sich mit der effizienten Allokation von Ressourcen, um den Wohlstand zu vermehren. Neoklassik     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 This text provides an easy to understand introduction to complexity economics for non-specialist audiences such as bachelor's students. 2023 Level: leicht Think Complexity Economics is too Complicated? Then this is for you. Dennis Venter, Arpitha Varma Exploring Economics What’s inflation? Why is it relevant? And is there an agreed theory about its roots and causes, or is it a contentious concept? That’s what this text is all about: We define what inflation actually means before we delve into the theoretical debate with an interdisciplinary and pluralist approach: What gives rise to it, what factors might influence it, and, consequently, what might be done about it? 2021 Level: leicht Inflation in economic theory Alexander Barta, Jorim Gerrard, Jakob Steffen & Frieder Zaspel Exploring Economics The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians, Kaldorians, Institutionalists) and also in some strands of neo-Marxian economics, particularly in the monopoly capitalism and underconsumptionist school In this contribution, we will therefore outline the foundations of the principle of effective demand and its relationship with the respective notion of a capitalist or a monetary production economy in the works of Marx, Kalecki and Keynes. Then we will deal with heterodox short-run macroeconomics and it will provide a simple short-run model which is built on the principle of effective demand, as well as on distribution conflict between different social groups (or classes): rentiers, managers and workers. Finally, we will move to the long run and we will review the integration of the principle of effective demand into heterodox/post-Keynesian approaches towards distribution and growth. 2015 Level: mittel The principle of effective demand: Marx, Kalecki, Keynes and beyond Eckhard Hein Institute for International Political Economy Berlin This paper investigates how the concept of public purpose is used in Modern Monetary Theory (MMT). As a common denominator among political scientists, the idea of public purpose is that economic actions should aim at benefiting the majority of the society. However, the concept is to be considered as an ideal of a vague nature, which is highly dependent on societal context and, hence, subject to change over time. MMT stresses that government spending plans should be designed to pursue a certain socio-economic mandate and not to meet any particular financial outcome. The concept of public purpose is heavily used in this theoretical body of thought and often referred to in the context of policy proposals as the ideas of universal job guarantee and banking reform proposals show. MMT scholars use the concept as a pragmatic benchmark against which policies can be assessed. With regards to the definition of public propose, MMT scholars agree that it is dependent on the social-cultural context. Nevertheless, MMT scholars view universal access to material means of survival as universally applicable and in that sense as the lowest possible common denominator. 2020 Level: mittel Modern Monetary Theory and the public purpose Dirk H. Ehnts, Maurice Höfgen Institute for International Political Economy Berlin Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2019 Level: mittel Karl Marx: An early post-Keynesian? Eckhart Hein Institute for International Political Economy Berlin This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article aims to clarify how the prevailing institutional structure and its changes had contributed to or had countervailed the spread of financialization and how it had shaped the specific German variant of financialization. For this end, it combines the rich literature on Germany's institutional structure with the more macroeconomic oriented literature on financializaton. With the combination of those different perspectives the article sheds light on the reasons for the spread of financialization and the specific forms it has taken in Germany. 2019 Level: leicht Financialization made in Germany: A review Daniel Detzer Institute for International Political Economy Berlin Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2016 Level: leicht Development of heterodox economics at public German universities since the 1970s Sebastian Thieme, Arne Heise Zentrum für Ökonomische und Soziologische Studien, Universität Hamburg Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2017 Level: leicht Reclaiming the university: Transforming economics as a discipline Arne Heise Zentrum für Ökonomische und Soziologische Studien, Universität Hamburg 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: mittel Marx's approach to economics: a claim for subjective praxis Clara Mattei New School for Social Research, Department of Economics Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2017 Level: mittel Socialist alternatives to capitalism II: Vienna to Santa Fe Duncan Foley New School for Social Research, Department of Economics Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2020 Level: mittel Impact of FDI on economic growth: The role of country income levels and institutional strength Tamar Baiashvili, Luca Gattini European Investment Bank 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 After completing the module, participants should have knowledge and understanding about the theory of Critical Political Economy and its basic methods. They should be able to apply central concepts to analyse critical questions regarding the embeddedness of economic relations within broader social, political and ecological relations. 2021 Level: leicht Marxist Political Economy Anna Weber Summer Academy for Pluralist Economics Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2015 Level: schwer Socialist Calculation and Market Socialism Paul Jael Munich Personal RePEc Archive In the late nineteenth and early twentieth centuries, Bombay was beset by crises such as famine and plague. Yet, rather than halting the flow of capital, these crises served to secure it. In colonial Bombay, capitalists and governors, Indian and British alike, used moments of crisis to justify interventions that delimited the city as a distinct object and progressively excluded laborers and migrants from it. 2019 Level: mittel Making the Modern Slum Sheetal Chhabria University of Washington Press In diesem Beitrag geht es darum, den Postkeynesianismus als paradigmatische Alternative zum herrschenden neoklassischen Mainstream etwas näher kennenzulernen. Es zeigt sich sehr schnell, dass der Postkeynesianismus keine einheitliche Denkschule darstellt, sondern vielmehr eine Vielzahl von theoretischen Ansätzen darunter zu verstehen ist, die eine Reihe von methodologischen und epistemologischen Gemeinsamkeiten aufweist und die einige identitätsstiftende Postulate verbindet. Zum konkreten Nachvollzug dieser Postulate aus dem axiomatischen Kern des Postkeynesianismus wird dann darauf verzichtet, dass Kaleidoskop postkeynesinaischer Theorie mit kaleckianischer, kaldorianischer oder gar sraffianischer Grundlage aufzuzeigen, sondern es wird vielmehr nur ein Postkeynesianismus - die monetäre Theorie der Produktion - in seiner paradigmatischen und formalen Struktur beleuchtet und die darauf aufbauende Theorie der Marktteilnahme als alternative Theorie der Wirtschaftspolitik dargelegt. 2018 Level: leicht Postkeynesianismus: Ein heterodoxer Ansatz auf der Suche nach einer Fundierung Arne Heise Zentrum für Ökonomische und Soziologische Studien, Universität Hamburg Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2017 Level: mittel Wirtschaftspolitischer Diskurs ohne Alternativen: Zur Notwendigkeit einer pluralen Ökonomik Arne Heise Zentrum für Ökonomische und Soziologische Studien, Universität Hamburg The World Inequality Lab gathers social scientists committed to helping everyone understand the drivers of inequality worldwide through evidence based research The World Inequality Lab hosts the World Inequality Database the most extensive public database on global inequality dynamics Their main missions are The extension of the World Inequality Database … Level: leicht WORLD INEQUALITY LAB   https://inequalitylab.world/en/ A central question in development economics literature is, “Why do countries stay poor?” The key disagreements are whether the lack of economic growth stems from institutions or from geography (Nunn 2009). From an institutional perspective, hostile tariff regimes and commodity price dependencies form a barrier to a sectoral shift that would otherwise lead to economic development in developing countries (Blink and Dorton 2011) (Stiglitz 2006).[i] 2020 Level: leicht Trade Barriers to Development explored through various lenses Johannes M. Halkenhaeusser Pluralist Economics Fellowship Economic sociology is an entire subfield and one could write an series on it, so I’m going to stick to probably the most prominent economic sociologist and the founder of ‘new economic sociology’, Mark Granovetter. 2020 Level: leicht Economic Sociology: the Contributions of Mark Granovetter Cahal Moran Rethinking Economics Ist das BIP wirklich der Wert, an welchem wir den Fortschritt eines Landes und einer Gesellschaft messen sollten? Wir sollten über den Punkt hinaus kommen, an welchem wirtschaftlicher Erfolg mit Wirtschaftswachstum und gesellschaftlichem Fortschritt gleichgesetzt wird. Stattdessen könnte die Art, wie wir wirtschaften, als Mittel zum Zweck für eine Gesellschaft dienen, die ihren Wohlstand neu definiert und nicht mehr von quantitativem Wachstum abhängig macht. Level: leicht “Die Verwandlung”: Ringen um einen neuen Wohlstandsbegriff   Exploring Economics This chapter by the Centre for Economy Studies explores how courses on the history of economic thought and methods could look if they were pluralist and interdisciplinary. 2021 Level: leicht Rethinking the History of Economic Thought & Methods Sam de Muijnck and Joris Tieleman Economy Studies Unser Ziel ist es, drei Lehrbücher auf den in ihnen verwendeten Ordnungsbegriff zu untersuchen. 2016 Level: leicht Das Ordnungsverständnis in wirtschaftspolitischen und theoriegeschichtlichen Lehrbüchern Roland Fritz, Nils Goldschmidt Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2020 Level: leicht Yes, Money is Endogenous. Who Cares? Cahal Moran Rethinking 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 Islamic finance's phenomenal growth owes to the Shariah compliant nature of its financial instruments. Shariah forbids the charging of interest (Riba) and instead promulgates risk-sharing and trade-based modes of financing. The Islamic financial industry has been subject to both critique and admiration. Critics argue that Islamic instruments (bearing debt-based structures) differ from their conventional counterparts only in legal lexicon and not in economic impact. 2018 Level: mittel Rethinking Islamic Finance Ayesha Bhatti, Saad Azmat Routledge Der große Zwiespalt zwischen Effizienz und Gerechtigkeit Realität oder Ideologie Till van Treeck 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 Rezensierte Bücher Mankiw N G … 2016 Level: leicht Der „große Zwiespalt“ zwischen Effizienz und Gerechtigkeit: Realität oder Ideologie? Till van Treeck Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie Markets are the focus in modern economics: when they work, when they don’t and what we can or can’t do about it. There are many ways to study markets and how we do so will inevitably affect our conclusions about them, including policy recommendations which can influence governments and other major organisations. Pluralism can be a vital corrective to enacting real policies based on only one perspective and a plethora of approaches provide alternatives to the canonical view. Although they have differing implications, these approaches share the idea that we should take a historical approach, analysing markets on a case-by-case basis; and they share a faith in the power of both individuals and collectives to overcome the problems encountered when organising economic activity. 2020 Level: leicht Markets, How Do They Work? Cahal Moran Rethinking Economics The most successful multialternative theories of decision making assume that people consider individual aspects of a choice and proceed via a process of elimination. Amos Tversky was one of the pioneers of this field, but modern decision theorists – most notably Neil Stewart – have moved things forward. At the current stage the theories are able to explain a number of strictly ‘irrational’ but reasonable quirks of human decision making, including various heuristics and biases. Not only this, but eye movements of participants strongly imply that the decision-making process depicted in the theories is an accurate one. 2020 Level: leicht The Quirks of Human Decisions, Explained Cahal Moran Rethinking Economics