RETHINK
ECONOMICS
RETHINK
ECONOMICS
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2014
Level: advanced
Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing by Costas Lapavitsas puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households.
2022
Level: beginner
Adhering to the multiplicity of degrowth whilst also arguing that strategic prioritisation and coordination are key, Degrowth & Strategy advances the debate on strategy for social-ecological transformation. It explores what strategising means, identifies key directions for the degrowth movement, and scrutinises strategies in practice that aim to realise a degrowth society.
 
Institutional economics focuses on the role of social institutions in terms of laws or contracts, but also those of social norms and patterns of human behaviour that are connected to the social organisation of production, distribution and consumption in the economy.
2023
Level: beginner
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.
2023
Level: beginner
In this overview paper, Laura Porak reviews the history of industrial policy in the European Union before the background of a Cultural Political Economy approach.
2020
Level: advanced
This episode of the Future Histories Podcast featuring Moira Weigel sets the development of digital capitalism and the right-ward shift in politics and society in relation to one another. It provides a masterful combination of ideology critique and polit-economic analysis grounded in comprehensive knowledge of the digital economy.
2023
Level: beginner
The policy briefing provides a data-rich overview over the budgets planned for public services in the UK and their connection to inflation expectations. It highlights the fact that inflation might lead to "invisible" cuts to public sector budgets.
2023
Level: advanced
The new online platform ‚DIY Macroeconomic Model Simulation‘ provides an open-source code repository and online script for macroeconomic model simulation. It follows a “do-it-yourself” (DIY) approach, empowering users to numerically simulate key macroeconomic models on their own using the programming language R.
2023
Level: beginner
The Routledge Handbook of Feminist Economics presents a comprehensive overview of the contributions of feminist economics to the discipline of economics and beyond. Each chapter situates the topic within the history of the field, reflects upon current debates, and looks forward to identify cutting-edge research. Consistent with feminist economics' goal of strong objectivity, this Handbook compiles contributions from different traditions in feminist economics (including but not limited to Marxian political economy, institutionalist economics, ecological economics and neoclassical economics) and from different disciplines (such as economics, philosophy and political science). The Handbook delineates the social provisioning methodology and highlights its insights for the development of feminist economics. The contributors are a diverse mix of established and rising scholars of feminist economics from around the globe who skilfully frame the current state and future direction of feminist economic scholarship. This carefully crafted volume will be an essential resource for researchers and instructors of feminist economics.
2023
Level: beginner
The paper gives a comprehensive overview of challenges facing energy transmission and distribution networks in the UK in the wake of the green transition and makes the case for public ownership.
2022
Level: beginner
In this video, Clara Mattei investigates the function of austerity in relation the stabilization of capitalism as a form of social order build around private property, wage labor and class relations. In order to develop this argument, she situates austerity in the history of World War 1 and its revolutionary aftermath. Zooming in on the politicization of the economy and the associated threat to class society that emerged in the period, she highlights how austerity was a „tool of reaction“ that was successful in curtailing demands for economic democracy and a society free from class oppression.
2022
Level: beginner
The world's leading economist of inequality presents a short but sweeping and surprisingly optimistic history of human progress toward equality despite crises, disasters, and backsliding.
 
Behavioural economics deals with observing behaviour and economic decision making behaviour.
 
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.
 
Neoclassical economics focuses on the allocation of scarce resources. Economic analysis is mainly concerned with determining the efficient allocation of resources in order to increase welfare.
 
Marxian Political Economy focuses on the exploitation of labour by capital. The economy is not conceived as consisting of neutral transactions for exchange and cooperation, but instead as having developed historically out of asymmetric distributions of power, ideology and social conflicts.
 
Feminist economics focuses on the interdependencies of gender relations and the economy. Care work and the partly non-market mediated reproduction sphere are particularly emphasised by feminist economics.
 
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.
 
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.
 
Evolutionary economics focuses on economic change. Hence processes of change such as growth, innovation, structural and technological change, as well as economic development in general are analysed. Evolutionary economics often gives emphasis to populations and (sub-)systems.
 
The core idea of ecological economics is that human economic activity is bound by absolute limits. Interactions between the economy, society and the environment are analysed, while always keeping in mind the goal of a transition towards sustainability.
2023
Level: beginner
In most economics classes we focus on the production and consumption of goods and services, but what happens to the product and its packaging after it’s consumed? Waste disposal is a crucial step in the production process and as the theme of this month’s World Environment Day is #BeatPlasticPollution, we use the example of plastic bottles.
2021
Level: beginner
Alvin Roth and Lloyd Shapely won the Nobel Memorial Prize in Economic Sciences for their work on market design back in 2012, but it is a field that is still underrepresented in economics education. All markets have rules, and how these rules are set influence how the market functions.
2023
Level: beginner
The gender pay gap is a pressing issue that affects individuals and society as a whole, so it is important for economics students to understand it. Despite recent progress, women still earn less than men for the same jobs, leading to economic inequalities and reduced efficiency (see, for example, the recent report released by Moody’s). Understanding the causes and consequences of the gender pay gap is critical in developing policies that promote fairness and equality.

 

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This project is brought to you by the Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.).  It is committed to diversity and independence and is dependent on donations from people like you. Regular or one-off donations would be greatly appreciated.

 

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