Based on a critique on econometric and DSGE models (in particular in the context of the financial crisis), Doyne Farmer presents his current research programme that aims at building an agent-based model of the financial and economic crisis. It models heterogeneous agents and from there simulates the economy, firstly for the housing market. The interview gives a short insight in the research programme. 2011 Level: leicht Macroeconomics From the Bottom Up Doyne Farmer INET In this keynote lecture during the conference „The Spectre of Stagnation? Europe in the World Economy“, Till van Treek presents research on how changes in income distribution lead to macroeconomic instability and crisis, focusing on currents accounts. Treek presents the relative income hypothesis in contrast to other mainstream and Post-Keynesian explanations. The relative income hypothesis proposes that aggregate demand increases and savings decrease with rising personal income inequality due to upward looking status comparison – but effects depend on the quantile where income inequality increases. Treek points to the importance of accounting for both income and functional income distribution and underlines his arguments with data comparing different pattern in Germany and the U.S. 2015 Level: schwer Macroeconomics of inequality & instability - Inequality, imbalances and the crisis Till van Treeck IMK Prof. Kädtler (Soziologe) betrachtet die Kapitalismusform des "Finanzmarktkapitalismus" aus soziologischer Perspektive, im besonderen aus Sicht der Konventionenökonomik. Nach Einführungen in (a) Finanzmärkte, (b) Finanzialisierung und Finanzmarktkapitalismus (ab 9:30) sowie (c) Formationstheorien und „Cultural Economy"-Ansätze (u.a. Konventionenökonomik) (ab 16:00), liegt der Schwerpunkt der Analyse darauf, (d) mithilfe der Konventionenökonomik zu erklären, wie ein System des Finanzmarktkapitalismus entstehen konnte (ab 38:00). Kurz geht der Vortragende am Ende der Frage nach, warum sich die Situation auch nach der globalen Finanzkrise nicht geändert hat. Der Vortrag bietet einen interessanten ersten Einblick in die soziologische Perspektive auf Finanzmarktkapitalismus. Die Hauptanalyse und die Anwendung der Theorie an praktischen Beispielen ist eher kurz gehalten, allerdings werden relevante Schulen und Autoren genannt, die weiter recherchiert werden können. 2015 Level: leicht Finanzmärkte und Finanzmarktöffentlichkeit Jürgen Kädthler Netzwerk Plurale Ökonomik The website contains a vast amount of information on the history of economic thought. It presents thinkers, their main works (and links to those works) and schools of thought which are sorted by political economy schools, neoclassical schools, alternative schools as well as thematic schools. Level: mittel The history of economic thought website Gonçalo L. Fonseca Gonçalo L. Fonseca The dossier first discusses the impact of colonialism on introducing foreign plants and thus disrupting ecosystems. Subsequently the case of the knotweed, a plant introduced from Japan to the UK and now considered a threat to biodiversity is explored. The complex economy built around the plant consisting of regulations, pesticides, experts, and landowners is then explored. 2015 Level: leicht Knotweed – I-PEEL.org Lynee Pettinger I-PEEL The dossier explores the nature of care work and the gendered constructions and dichotomies that are associated with it. Drawing from feminist analysis the double burden, the undervaluation of feminised labour, the commodification of affective labour and the remittance economy are inquired into. Moreover, it is discussed how welfare regimes rely on the different organization of care work. 2015 Level: leicht Care – I-PEEL.org Juanita Elias I-PEEL How did economic growth become paramount as the public policy objective? Peter Victor discusses the role of growth within institutions, asks if it is possible to imagine a degrowth economy and discusses the role of grass-root movements. 2012 Level: leicht Ecological Economics Peter Victor Extraenvironmentalist Trickle Down Economics - an old topic, but still present in our lives. The idea consists of deregulation of the economy and of lower tax for the top in order to increase the "size of the pie" so everybody would have a bigger piece, even with a smaller share. 2015 Level: leicht A critique to Trickle-down economics Joseph Stiglitz Intelligence Squared In order to describe the global structure of the monetary and financial system and its effects on the global economy, most economics textbooks rely on unappropriated theories that provide nothing but outdated descriptions. In this talk, key speakers in economics, economic history and banking try to make this complex system a little more understandable by relying on real-world insights. 2016 Level: mittel Global Money: Past, Present, Future Perry Mehrling, Adam Tooze, Patricia Mosser, Phil Prince and Katharina Pistor (moderator) Columbia Global Thought This infographic gives a summary of the 2018 Trade Wars. This simple, compiled overview is suitable for those without a strong political or economic background. The infographic explains briefly basic concepts related to trade and provides a short timeline of events. It furthermore checks Trump administration's arguments to launch the the trade war against facts and estimates of how the 2018 trade war can affect the global and North-American economy. 2018 Level: leicht 2018 Trade Wars Infographic Trade Machines Trade Machines Mit digitaler Transformation geht in vielen Bereichen ein Aufbrechen von bestehenden Strukturen einher. Suchmaschinen vermitteln einen offeneren Zugang zu Wissen, in sozialen Netzwerken entstehen neue digitale Öffentlichkeiten und digitale Plattformen eröffnen neue Formen von (Sharing) Economy. 2018 Level: leicht Digitale Transformationen. Zwischen grenzenloser Offenheit und offener Ausgrenzung Prof. Dr. Leonhard Dobusch Plurale Ökonomik Jena In this blog article Steve Keen elaborates on flawed climate change modelling and mainstream economics forecasts. In specific, he stresses the climate change forecasts of the DICE model (“Dynamic Integrated model of Climate and the Economy”) by Nobel Memorial Prize in Economic Sciences winner William Nordhaus. 2019 Level: mittel The Cost of Climate Change Steve Keen Evonomics This Blog Post describes the U.S. federal reserve money system from the perspective of the Modern Monetary Theory (MMT). Therefore it presents a theory of money creation, gives simple examples how this influences the economy and the historical process of why the monetary system of the US has developed this way. 2019 Level: leicht An Introduction in the Federal Reserve Money system J.D. ALT NewEconomicsPerspectives.org Prof. Yanis Varoufakis talks in this introductory lecture about the future of our economy and the current state of economics with special regard to pluralism in economics. 2020 Level: leicht Introduction to Pluralism in Economics - From an Economics-without-Capitalism to Markets-without-Capitalism Yanis Varouvakis Universität Tübingen, Rethinking Economics Dani Rodrik, Professor of International Political Economy at Harvard's Kennedy School of Government, is teaching in this online session about the global rules under which the modern (free trade-focused) type of globalization operates and why, under such institutions, international community fails to deal with the climate change and pandemics. 2020 Level: leicht Pandemics, Climate Change, and Global Economics: Where Did We Go Wrong in Globalization? Dani Rodrik Harvard Kennedy School In this episode of Jacobin radio, James K. Galbraith elaborates on the economic policies for the corona crisis, and Aaron Benanav on the crisis of unemployment. James K Galbraith also discusses why the economy as currently organized has been unable to deal with the challenges of the pandemic. 2020 Level: leicht Jacobin Radio: economic policies for the corona crisis ames K. Galbraith and Aaron Benanav Jacobin Radio Jens Beckert and Richard Bronk, authors of "Uncertain Times", explore the extent to which flaws, blind spots and more importantly bias created by macroeconomics models, based on forecasts and statistical devices, shape crisis and the market economy in which we live. 2018 Level: leicht Economics for Uncertain Times RSA Events, Jens Beckert and Richard Bronk RSA Events In this virtual teach-in, radical economists David McNally (author of the essential Global Slump) and Hadas Thier (author of the forthcoming A People’s Guide to Capitalism) will try to help activists make sense of the twists, turns, and sudden collapses in the world economy that have been playing out in the background during this global health emergency. 2020 Level: mittel Microbes and Macroeconomics: Understanding the Pandemic and the Global Slump David McNally Haymarket Books Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore proposes to revise the insights of Minsky's financial instability hypothesis, combining it with the Keynesian theory of the monetary circuit to answer many questions in modern economy. 2020 Level: mittel Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore New Economic Thinking The British historian, Adam Tooze, highlights how the climate crisis is not just an environmental or ecological problem but also a political economy challenge. 2021 Level: leicht Climate, carbon and class Adam Tooze Chartbook Substack Newsletter Beyond Growth is a collection of educational materials offering a reflection on growth. It was created as a joint project of the associations Fairbindung e. V. and Konzeptwerk Neue Ökonomie, both based in Germany. The page provides learning materials and methods  to stimulate thinking about the conditions of our current economy as well as possible alternatives. 2016 Level: leicht Beyond Growth - Educational Materials for a Socio-ecological Transformation   Fairbindung e.V. & Konzeptwerk Neue Ökonomie Sustainable Development has become dominant in policy debates in the last two decades. Standard models in neoclassical economics as taught in undergraduate classes fail to capture the complex relationships between the economy and the environment. 2021 Level: leicht Using Academic Travel to Teach Sustainable Economic Development Poulomi Dasgupta VS Springer The authors analyse the role and effects of the US dollar as factual global reserve currency. They demonstrate that a flight into the dollar creates adverse effects for the global economy as it represents a tightening of financial conditions. 2021 Level: mittel Dollar dominance and the international adjustment to global risk Georgios Georgiadis, Gernot Müller, Ben Schumann Centre for Economic Policy Research Cédric Durand locates the Russian War on Ukraine in relation to Russian Economic Development and Political Economy after the collapse of the soviet union. 2022 Level: leicht Cold Peace Cédric Durand New Left Review The article reviews the effects that the War in Ukraine will have for the global economy. 2022 Level: leicht The Ukraine War's Multifaceted Economic Fallout Mohamed A. El-Erian Project Syndicate "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.” 2022 Level: mittel Yuliya Yurchenko expands the frame for understanding the Russian invasion of Ukraine Yulia Yurchenko Pretty Heady Stuff "Could a cooperative market economy, in which firms are owned and controlled by their workers, be a viable and efficient alternative to capitalism?" Level: leicht Economic Democracy: The Cooperative Alternative Donald A. R. George, Rick Woodward, Juliette Summers, Jelte Harnmeijer, David Erdal The University of Edinburgh The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser. 2015 Level: mittel The Oxford Handbook of Austrian Economics Peter J. Boettke, Christopher J. Coyne Oxford University Press Principles of Macroeconomics by Howard J. Sherman and Michael A. Meeropol differs from other texts in that this book stresses far more the inherent instability of the macro-economy. 2013 Level: mittel Principles of Macroeconomics Howard J. Sherman, Michael Meeropol M.E. Sharpe 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 Examine what would happen if we were to deploy blockchain technology at the sovereign level and use it to create a decentralized cashless economy. This book explains how finance and economics work today, and how the convergence of various technologies related to the financial sector can help us find solutions to problems, such as excessive debt creation, banks getting too big to fail, and shadow banking. 2017 Level: mittel The Blockchain Alternative Bheemaiah, Kariappa Apress "First published more than a decade ago, Globalizing Capital has remained an indispensable part of economic literature. This classic book emphasizes the importance of the international monetary system for understanding the international economy. The second edition, published in October 2008, has consistently appeared on syllabuses since its release 2019 Level: mittel Globalizing Capital Barry Eichengreen Princeton University Press