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Looking for the most talked-about economics content from around the world? We collect texts, videos, podcasts and multimedia dossiers on various economic theories and issues. You can submit new content by yourself or subscribe to our newsletter to stay up to date when new material is published.
Western sanctions on Russia after its invasion of Ukraine quickly led the Ruble to lose more than 45 percent of its value. But these days, the Russian currency is back to its pre-war value. Cameron and Adam explain the turnaround and discuss what it means for the war.
Study of the German Council of Economic Experts on the potential economic effects of a comprehensive energy embargo against Russia
In this article, Hannah Ritchie presents the data we need to understand the scale of their contribution, and which countries are most reliant on Ukraine for their food supplies.
Wheat and oil prices were already rising before the Russian invasion, so what might be the effect for people in low-income countries of a war far away, that may have a secondary impact much closer to home? In this short video, Rabah Arezki Chief Economist & Vice President, African Development …
This article by Rüdiger Bachmann et.al. discusses the economic effects of a potential cut-off of the German economy from Russian energy imports.
"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, …
Drawing on Gramsci's Marxist Political Economy, Mike Davis situates the War in Ukraine within the general condition of a crisis of capitalist hegemony. The key argument is that the pathological and violent situation that we are finding ourselves in today is an expression of the inability of both global ruling …
This note, by Theresa Neef, Panayiotis Nicolaides, Lucas Chancel, Thomas Piketty, and Gabriel Zucman, provides data on wealth inequality in Russia and advocates for a European Asset Registry.
In this short essay, Jayati Ghosh gives an overview over the multiple ways in which the economic "fall-out" of the War in Ukraine is hitting economies and societies in the developing world.
The article reviews the effects that the War in Ukraine will have for the global economy.
In this interview Ilya Matveev discusses the social, political, economic, and ideological foundations of the Russian regime, to provide additional context about Russia’s geopolitical goals.
Is the Cold War division back with the US-EU on the one and China-Russia on the other side? The article argues that things are more complicated, as each of the country (compounds) has economic and political ties outside of its power bloc. It reads the Chinese reactions to the Russian …
The article by the European Council of Foreign Relations argues that Europe's economic actions in response to the Russian invasion into Urkaine have been decisive, different from the EU's external image, but that this response should yet be better institutionalized. The author Hackenbroich proposes an Anti-Coercion Instrument on the EU …
Cédric Durand locates the Russian War on Ukraine in relation to Russian Economic Development and Political Economy after the collapse of the soviet union.
In this piece Alexander Kravchuk gives an overview over the history of dept dependency in Ukraine, highlighting especially the role of international creditors and the negative socio-economic impacts of debt dependency for the Ukrainian economy.
"Alexander Kravchuk is an economist and editor at Commons: Journal for Social Criticims, who has previously written about IMF conditions on loans to Ukraine. Jacobin’s David Broder asked him about the country’s economic situation and why debt cancellation is important if Ukrainians are to be able to shape their future." (quote from the interview)
This is the second part of the seminar, "A Hard Currency of Politics?". The discussion centers on the "The Currency of Politics" by Stefan Eich and is hosted by the journal European Law Open. Stefan Eich's presentation of his argument starts at minute 7:53. The discussion centers on the historic …
"From the perspective of mainstream theory, the effectiveness of monetary policy in bringing down inflation depends on two very important equations: the aggregate demand equation and the infamous Phillips Curve. Without these, it becomes more difficult — or rather impossible — for central banks to carry out monetary policy and …
What motivates big businesses to reject full employment policies? Michal Kalecki adressed this question in 1943 by analysing the political ideology that govern the private sector.
The author discusses the various dimensions of the recent hike in inflation in the context of the United States and policy dilemmas around high inflation, GDP decline and unemployment.
In March 2020, the Reserve Bank Board introduced a target for the yield on the three-year Australian Government bond which was discontinued in November 2021. This review examines the experience with the yield target and draws lessons from this experience.
To celebrate the forthcoming book, "A brief history of Economic Thought: From the Mercantilists to the Post-Keynesians", edited by Louis-Philippe Rochon and Hassan Bougrine (Edward Elgar), Louis-Philippe Rochon sat down with celebrated author and scholar Sergio Rossi to discuss his contribution "Milton Friedman and the Monetarist School".
Why did inflation lift of in 2022? Are there differences between the US and the Eurozone and if so, what are they?
Complexity economics and institutional economics are complementary approaches to studying the economy. They can pool their methods and foundational theories to explain the mechanisms that underlie economies.
Mitch Jeserich interviews Professor Richard D. Wolff, a professor of economics at the New School University, who presents an explanatory theory of how inflation occurs in an economy.
This analysis is presented through the lens of Marxian political economy (explicitly) and institutional economics (implicitly through corporate structure).
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Sabel and Zeitlin present the persistence of small firms in Europe, against the rise of mass production and modern enterprises. Their article starts by analysing how mass production can be considered a historical necessity for the classical view, as it is a highly specialized structure, where man and machine can …
This article demonstrates Schumpeter's propagated approach to monetary analysis in macroeconomics so as to provide for a better understanding of the relation between finance and growth.
Asset Management firms control large parts of the global economy. Just the three American asset management firms - BlackRock, Vanguard and State Street - manage more than half of the combined value of all shares for companies in the S&P 500. Their combined managed assets amount to $22 trillion (May …
Lecture on the paper "The Economic Limits of Bitcoin and Anonymous, Decentralized Trust on the Blockchain"
Posted on Social Media 20.06.2022
For many social critics "globalization" is a signpost of “late-capitalism” with the rise of multinational corporations, mass consumption and the multidirectional flows of capital, labor, media, communication, ideologies and social movements across national borders. Feminist analyses of globalization and the gendered and sexualized permutations of these phenomena offer a critical stance for theorizing these processes, and for studying their complex articulations across time and space.
The goal of the course is to deepen students’ understanding of the Latin American development experience by viewing it through a gender lens.
In this class we will explore how globalization shapes and is shaped by gender norms with a particular focus on questions related to ‘work,’ mobility and well-being.
What are the debates, feminist and otherwise, surrounding the phenomena of globalization? How does a gendered lens complicate our understandings of neoliberal globalization? How are particular labor regimes integral to global restructuring, and how are these gendered? What are the implications of global restructuring for bodies, identities, relations, and movements?
This graduate-level course examines issues related to women’s paid and unpaid work during a time of rapid integration of world markets. Students will analyze the role of government policy, unions, corporate responsibility, and social movements in raising women's wages, promoting equal opportunity, fighting discrimination in the workplace, and improving working conditions.
Aim: to work out jointly with students a systematic perception of how the gender factor can impact on economic and demographic development. This course is pioneering: it is the first time that such a course has been introduced into the curriculum of a Russian higher educational institution with a focus on economics.
In this interview, Gerd Gigerenzer place bounded rationality into the context of a larger development in thinking about what rationality is. He touches on unbounded rationality which remains overrepresented and popular in neoclassical economics, he explains different interpretations of bounded rationality and concludes with an ecological interpretation of rationality. He …
Getting to the policy discussion table is one of the objectives pursued by feminist scholars and advocates. However, some participants in this process have remarked that “you cannot get to the policy discussion table until you have proven that you can crunch the numbers.”
To what extent does gender affect people's patterns of labor force participation, educational preparation for work, occupations, hours of work (paid and unpaid) and earnings?
Education policy seeks to ensure equality in access, equality within the classroom and in teaching- learning processes, and equality in outcomes. This course encourages students to assess and evaluate the extent to which these objectives are met in practice and the ways in which educational outcomes are shaped by, as well as alter, gendered social norms.
This lecture course, which will be taught in English, will deal with gender issues in developing countries. After providing an overview of the gender differences in various aspects of welfare and economic life, the course will then tackle a number of specific issues.
This course is an introduction to Development Economics and is concerned with how economists have sought to explain how the process of economic growth occurs, and how – or whether – that delivers improved well-being of people.
By the end of this course, students should understand the basic economic theories of the gender division of labor in the home and at the workplace, and theories of gender differences in compensation and workforce segregation.
This course is intended to present some of the main ideas underlying the micro aspects of gender economics. The courses will tackle issues as fertility, marriage, women labor force participation, wage gap, gender inequality, violence against women and women empowerment within her household and within the society where she lives.
This course introduces students to the relevance of gender relations in economics as a discipline and in economic processes and outcomes.
Western sanctions on Russia after its invasion of Ukraine quickly led the Ruble to lose more than 45 percent of its value. But these days, the Russian currency is back to its pre-war value. Cameron and Adam explain the turnaround and discuss what it means for the war.
Study of the German Council of Economic Experts on the potential economic effects of a comprehensive energy embargo against Russia
An essay of the writing workshop on contemporary issues in the field of Nigerian economics: In Nigeria, it appears that there is nothing in the constitution, which excludes the participation of women in politics. Yet, when it comes to actual practice, there is extensive discrimination. The under-representation of women in political participation gained root due to the patriarchal practice inherent in our society, much of which were obvious from pre-colonial era till date.
This dossier gives an overview of the functions and the nature of money. The concept of Islamic finance is briefly explored, too.
an interactive guide to the game theory of why & how we trust each other
This historic timeline presents economic events, economic thinkers and schools of thought from the 18th century until the 2007/2008 financial and economic crisis with short texts on the respective event or perspective.
First the global mean is calculated from a matrix of three sets each containing three observations. Then the sum of squares is calculated. Lastly, the concept of degree of freedom is explained.
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?
Caring activities are one central element of feminist economists' analysis – also since in particular unremunerated work is a blind spot in mainstream economics and most other economic paradigms. Those focus on the market sphere: activities are considered as productive and as real labour if they are remunerated and market-intermediated. Goods and services are considered as labour if they create a value which can be traded on the market. Feminist Economics remarks that this perspective creates certain dichotomies and consequent devaluations: unproductive – productive; private – public; unpaid – remunerated OR paid less – well paid; female – male; soft work – hard work; caring – rationality.
In the history of the social sciences, few individuals have exerted as much influence as has Jeremy Bentham. His attempt to become “the Newton of morals” has left a marked impression upon the methodology and form of analysis that social sciences like economics and political science have chosen as modus operandi.
David Harvey illustrates the five most common narratives on why the financial and economic crisis took place – from human frailty to policy failure.
Esther Duflo discusses the fact that in social policy one cannot check the big questions, i.e. whether development assistance as an aggregate is helpful, because there is no counterfactual. She then suggests to focus on smaller questions such as what prevents or incentiveses people from immunizing their kids or whether mosquito bednets should be distributed for free. These questions can be answered by using randomized control trials as in the medical sciences. Thus, she argues, by bringing the experimental method to social policy analysis better decisions as to where allocate funds can be made.
This text provides an overview of feminist perspectives on various kinds of work and reproductive labour. The authors start at the intersection of Marxism and Feminism. They, then, give a historical background on the United States feminist movement. They, finally, provide alternative perspectives on work and reproductive labor that are not based on Marxist Feminist theory.
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.
Silvia Federici outlines the content of her book „Caliban and the Witch - Women, the Body and Primitive Accumulation“. Departing from a critique of the Marxist blindspot on reproductive labour, Federici aims at researching the historical process by which the exploitation of women and the construction of the unproductive housewife has been established. Federici points to the transition from the feudal to the capitalist mode of production and explains how the gender specific prosecution (witch hunt) was linked to necessity of control over bodies and the sexuality in the great transformation. Federici also presents arguments why this research is highly relevant for the analysis of women's situation in current capitalism.
The lectures were given by Steve Keen at the Exploring Economics Summer Academy 2017 in the workshop on Post-Keynesian Economics. The first lectures start with the role of money in a monetary economy and explain the macroeconomic significance of admitting the reality that banks create money. The lectures continue with …
A concise introduction to Marx's Labour Theory of Value, the three ratios and the falling rate of profit hypothesis.
According to Karl Marx, work should satisfy people and encourage creativity. But the capitalist production, the separation of labour and the exploitation of workers alienates them from their products.
Based on Modern Money Theory (MMT), Stephanie Kelton compares the cryptocurrency to the fiat money system (or simply what we have today).
The author identifies three principal economic phenomena, which are explained: long run productivity growth as the central driver of increasing economic activity, short-term and long-term debt cycles. The latter two are explained to some detailed with reference to money creation, central banking and long term crisis tendencies. With regards to the long run debt cycle, which leads into deleveraging and recession, some policy measures which can smoothen the crisis are discussed.
The total sum of squares and the total degrees of freedoms are disaggregated by calculating in sample variance and "between" sample variance and their respective degrees of freedoms. It is demonstrated numerically that both these measures add up to the total sum of squares and the total degrees of freedom.
This text summarizes the content of the 2018 Nobel Prize winner W. Nordhaus. It is extended by some critical perspectives on this topic. The short dossier gives an overview of the most important texts we have read in the climate economics reading group.
If there’s one method economists have neglected the most, it’s qualitative research. Whereas economists favour mathematical models and statistics, qualitative research seeks to understand the world through intensive investigation of particular circumstances, which usually entails interviewing people directly about their experiences. While this may sound simple to quantitative types the style, purpose, context, and interpretation of an interview can vary widely. Because of this variety, I have written a longer post than usual on this topic rather than doing it a disservice. Having said that, examples of qualitative research in economics are sadly scant enough that it doesn’t warrant multiple posts. In this post I will introduce qualitative research in general with nods to several applications including the study of firm behaviour, race, Austrian economics, and health economics. More than usual I will utilise block quotes, which I feel is in the spirit of the topic.
What does it mean that gender is performative? In this short video, Judith Butler illustrates that gender is a culturally formed norm that is permanently produced and reproduced.
During his life, Keynes was credited with, amongst other things, with helping to save capitalism from the Great Depression, funding the war against the Nazis and building post-war decades of growth and rising prosperity. And when the global crisis struck in 2008, it was his ideas that the world's leaders turned to help avoid another depression.
This chapter discusses the role of gender in economic relations, processes, and outcomes. Gender differences in economic outcomes such as labor force participation and wages have received growing attention from economists in the last several decades – a positive and much needed development in economic thinking.
This video by the Khan Academy presents the difference between monetary policy and fiscal policy and how they affect aggregate demand. The video especially elaborates on the basic explanation on how expansionary monetary policy increases aggregate demand via the market for money and the AD-AS model.
An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution
Snow removal, ambulance transport, and school performance -the film aims at illustrating the principles of gender mainstreaming through concrete examples.
The video gives a short explanation of Max Weber's treatment of the protestant work ethic as the explanatory factor for the development of capitalism.
This lecture is all about the challenge to include heterodox approaches into macroeconomics. After giving an overview of recent approaches to that problem Professor Michael Roos presents the theoretical framework of Complexity Economics as a means to combine behavioral aspects with macroeconomics.
This essay draws on several analyses on the gender impact of the recession and of austerity policies, in which authors acknowledge a threat to women’s labour market integration and a potential backlash to traditional gender labour structures. We contribute to that literature by asking whether recession and austerity convey a gender effect on educational attainment. Our aim in this essay is to portray the likely effects of austerity measures on gender equality with a focus on women’s participation in tertiary education and to hypothesize the implications of these scenarios for labour market effects, to be tested in future empirical research.
In this essay the author reviews empirical studies in economics that analyze factors behind the rise of nationalist and populist parties in Western countries. He stresses that economic factors (e.g., trade shocks and economic crisis) play a crucial role in the rise of populist parties; however, the discussion of mechanisms driving this trend remains unsatisfying
This article explores if power dynamics in the household can be changed, and if so, how. In this context the focus is laid on government childcare policy and its various channels of possible influence.
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?
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.
The general idea of a Job Guarantee (JG) is that the government offers employment to everybody ready, willing and able to work for a living wage in the last instance as an Employer of Last Resort. The concept tackles societal needs that are not satisfied by market forces and the systemic characteristic of unemployment in capitalist societies. Being a central part of the Modern Monetary Theory (MMT), attention for the JG concept rose in recent years.
Modern Monetary Theory (MMT) is a school of monetary and macroeconomic thought that focuses on the analysis of the monetary and credit system, and in particular on the question of credit creation by the state.
Caring activities are one central element of feminist economists' analysis – also since in particular unremunerated work is a blind spot in mainstream economics and most other economic paradigms. Those focus on the market sphere: activities are considered as productive and as real labour if they are remunerated and market-intermediated. Goods and services are considered as labour if they create a value which can be traded on the market. Feminist Economics remarks that this perspective creates certain dichotomies and consequent devaluations: unproductive – productive; private – public; unpaid – remunerated OR paid less – well paid; female – male; soft work – hard work; caring – rationality.
In 18th century Europe figures such as Adam Smith, David Ricardo, Friedrich List and Jean Baptiste Colbert developed theories regarding international trade, which either embraced free trade seeing it as a positive sum game or recommended more cautious and strategic approaches to trade seeing it as a potential danger and a rivalry and often as a zero-sum game. What about today?
Recovery from the Covid-19 crisis provides a chance to implement economic measures that are also beneficial from environmental and social perspectives. While ‘green’ recovery packages are crucial to support economies tracking a low-carbon transition in the short-term, green measures such as carbon pricing are also key to improving welfare in the long-term. This commentary specifies the need for carbon pricing, outlines its implications for our everyday lives, and explains how it works alongside value-based change in the context of climate action and societal well-being.
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.
South Africa’s taxi industry was established by black people in the 1930s and has faced numerous challenges, including those posed by decades of apartheid laws. Covid-19 has highlighted contemporary challenges facing the industry and has also raised questions about how it can keep ‘driving forward’. This podcast explores questions such as what changes need to be made, and who can be the ‘drivers’ of such change.
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.
Why is mainstream economics in crisis? How can a pluralism of perspectives help to solve it? And why should you care? Join this guided tour through the complex landscape of economic thinking from philosophy of science to pedagogical innovations!
https://unsplash.com/photos/1-29wyvvLJA
“Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses1.” This is how Lionel Robbins came to define economics in the early 1930s and there is a good chance that many of you heard a variant of this definition in your first Economics 101 lecture.
Could working less make people and the planet better off? Find out in this dossier by exploring the landscape of working time reduction policies and their potential for reimagining, restructuring, and redistributing time as a political resource in the 21st century economy.
A historical glimpse of how economists of the 19th century debated the usefulness of mathematics to economics
An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution
An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution
An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution
Happiness economics is a branch in behavioral economics, where it explores the economics factors and consequences of happy humans. What makes people happier, and what benefits do we get when people are happier? This dossier introduces you to the field of happiness economics, from a review of economic factors proposed to influence people’s happiness, to a discussion of the economic consequences of happiness, and concludes with economic policy implications of happiness economics.
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).
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]
An essay of the writing workshop on contemporary issues in the field of Nigerian economics: In Nigeria, it appears that there is nothing in the constitution, which excludes the participation of women in politics. Yet, when it comes to actual practice, there is extensive discrimination. The under-representation of women in political participation gained root due to the patriarchal practice inherent in our society, much of which were obvious from pre-colonial era till date.
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.
In this article, Tetteh Hormeku-Ajei and Camden Goetz discuss the ongoing impacts of colonialism on Africa’s natural resources.
This lecture by Alana Lentin offers a very useful primer on the concept of racial capitalism, which can be employed as a conceptual framework to understand the mutual nature of racialisation and capitalist exploitation, as well as can set off further contemporary discussions e.g. about climate and care crises.
In this webinar, Dr. Grieve Chelwa, Dr. Cecilia Lanata Briones and Professor Jayati Ghosh discuss what is meant by “Decolonising Economics”.
The need for the movement Black Lives Matter and the tragic events that preceded it are the clear manifestation of the problem of discrimination today, which we all intuitively perceive as a poignant socio-economic question of our times.
Recent events, such as the Black Lives Matter protests, the the murder of George Floyd in Minneapolis (US) and the toppling of the statue of Edward Colston in Bristol (UK) have exposed existing racism, colonialism and sexism in our society and in Economics. While calls to improve diversity in Economics …
Developmental economics
South Africa’s taxi industry was established by black people in the 1930s and has faced numerous challenges, including those posed by decades of apartheid laws. Covid-19 has highlighted contemporary challenges facing the industry and has also raised questions about how it can keep ‘driving forward’. This podcast explores questions such as what changes need to be made, and who can be the ‘drivers’ of such change.
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.
In this podcast, Laura Basu focuses on how capitalist markets and nation-states perpetuate structural racism.
In this podcast 'How Economic Theory and Policy Reinforce Racism' William Spriggs, the AFL-CIO’s chief economist, discusses the inadequacies of the pandemic economic rescue package and the influence of mainstream economic theory. He further explores how mainstream economic theory continues to fail everyone, especially Black communities, by disregarding history.
Hamilton argues that economics lacks the political economy context in order to understand racism, and demonstrates how racism is embedded in the political economy of America.
In this short podcast, Naomi Fowler, the Tax Justice Network's creative strategist, discusses how the laws made by those who profited from slavery and the empire and, the extractive business models of the major financial sector continue to impoverish some of the poorest nations.
In this short talk 'Measuring the Danger of Segregation' Trevon Logan, Professor of Economics at The Ohio State University, explores the impacts of structural racism on economics and health.
In this podcast, Laura Basu speaks with a range of expert academics and public speakers – such as Jayati Ghosh, Yanis Varoufakis, Walden Bello, and Ashish Kothari about how the rules of the global economy are fostering the inequality and underdevelopment we see today.
In this podcast, Professor Darrick Hamilton critically discusses how current neoliberal economic models uphold a systemically racially unjust structure of economies.
This talk is an exploration of a feminist centred world, where women's labour, women's energy, women's contributions to the economy are not a side event but the main event.
In this interview, Gerd Gigerenzer place bounded rationality into the context of a larger development in thinking about what rationality is. He touches on unbounded rationality which remains overrepresented and popular in neoclassical economics, he explains different interpretations of bounded rationality and concludes with an ecological interpretation of rationality. He …
Drawing on Gramsci's Marxist Political Economy, Mike Davis situates the War in Ukraine within the general condition of a crisis of capitalist hegemony. The key argument is that the pathological and violent situation that we are finding ourselves in today is an expression of the inability of both global ruling …
This archive contains open access copies of most of the written work, including the books of Karl William Kapp (1910-1976) was one of the forefathers of Ecological Economics.
Is degrowth bad economics? To properly answer this question, it is essential to understand what economic growth really is. The term ‘growth’ is often associated with an increase in wealth, a term loosely defined, but according to the degrowth-movement, economic growth is a narrower concept only describing an increase in Gross Domestic …
After completing the module, participants should be able to analyse the concepts of degrowth, ecological unequal exchange, Green New Deal, and embeddedness by applying theories situated within the fields of academic research of Ecological Economics and Political Ecology.
This workshop offers an introduction to Degrowth and Ecological Economics. It starts by surveying the socio-ecological crisis and its pseudo-solutions, and then moves to Ecological Macroeconomics as a relatively recent field of scholarship within Ecological Economics.
Aim of this intensive workshop is to understand macroeconomic workings of climate change as as the background of sustainable finance; to analyse financial assets with ESG (Environmental, Social and Governance) criteria attached to them and their markets and important institutional players; to develop a critical perspective on the current setup of sustainable finance; and to synthesise this knowledge by applying it on in-depth case studies.
This film looks at the role economic growth has had in bringing about this crisis, and explores alternatives to it, offering a vision of hope for the future and a better life for all within planetary boundaries.
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.
The British historian, Adam Tooze, highlights how the climate crisis is not just an environmental or ecological problem but also a political economy challenge.
Steven G. Medema is a Research Professor at Duke University. His research focuses on the History of Economic Thought, having published extensively on the issue of social costs of production (conceptualized as externalities in neoclassical economics). In this recorded seminar, he exposes his working paper on the history of the …
From the theoretical literature, the authors provide seven reasons to be sceptical about the occurrence of sufficient decoupling in the future. In addition to the extensive summary of the recent literature, 'decoupling debunked' provides a great introduction into the decoupling hypothesis.
Public lectures on some Traditional Economic Solutions to poverty in Nigeria, specifically the Igbo Apprentice System, Yoruba Ajo Thrift Savings, and Hausa Integral Communalism.
After a brief illustration of sovereign green bonds’ features, this paper describes the market evolution and identifies the main benefits and costs for sovereign issuers. The financial performance of these securities is then analysed.
Ecologcial economics conceptualizes our society as embedded within the environment and our economic system as embedded within society and the environment.
How should we discuss welfare when understanding the role of growth and the viability of Growth-led development? One option is to look at subjective happiness. This provides an anti-materialistic view which may superficially appear more compatible with significant reductions in consumption in order to remain within safe ecological limits.
Karl Marx was the greatest champion of the labor theory of value. The logical problems of this theory have, however, split scholars of Marx into two factions: those who regard it as an indivisible component of Marxism, and those who wish to continue the spirit of analysis begun by Marx without the labor theory of value.
After a brief illustration of sovereign green bonds’ features, this paper describes the market evolution and identifies the main benefits and costs for sovereign issuers. The financial performance of these securities is then analysed.
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
This article provides a contextual framework for understanding the gendered dimensions of the COVID-19 pandemic and its health, social, and economic outcomes. The pandemic has generated massive losses in lives, impacted people’s health, disrupted markets and livelihoods, and created profound reverberations in the home. In 112 countries that reported sex-disaggregated data on COVID-19 cases, men showed an overall higher infection rate than women, and an even higher mortality rate. However, women’s relatively high representation in sectors hardest hit by lockdown orders has translated into larger declines in employment for women than men in numerous countries. Evidence also indicates that stay-at-home orders have increased unpaid care workloads, which have fallen disproportionately to women. Further, domestic violence has increased in frequency and severity across countries. The article concludes that policy response strategies to the crisis by women leaders have contributed to more favorable outcomes compared to outcomes in countries led by men.
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
This paper surveys the development of the concept of socialism from the French Revolution to the socialist calculation debate. Karl Marx’s politics of revolutionary socialism led by an empowered proletariat nurtured by capital accumulation envisions socialism as a “top-down” system resting on political institutions, despite Marx’s keen appreciation of the long-period analysis of the organization of social production in the classical political economists. Collectivist thinking in the work of Enrico Barone and Wilfredo Pareto paved the way for the discussion of socialism purely in terms of the allocation of resources. The Soviet experiment abandoned the mixed economy model of the New Economic Policy for a political-bureaucratic administration of production only loosely connected to theoretical concepts of socialism. The socialist calculation debate reductively recast the problem of socialism as a problem of allocation of resources, leading to general equilibrium theory. Friedrich Hayek responded to the socialist calculation debate by shifting the ground of discussion from class relations to information revelation
This brief note explores the possibility of working towards an enlarged self-definition of economics through economists’ study and appreciation of economic sociology. Common ground between economic sociology and heterodox economics is explored, and some of Richard Sennett’s ideas are used as prompts to raise some pertinent and hopefully interesting questions about economics. In particular, the note revisits the question of whether there is a possibility of changing our understanding of what kind of social scientific work falls within the domain of economics proper once we start critically engaging with work conventionally considered to be outside of that domain. In part, the note is intended to offer undergraduate students in economics – and possibly even those further down the road in their education – food for thought about what constitutes economics.
The current Great Recession, the worst crisis that capitalism has faced since the Great Depression, has failed, at least so far, to generate a change in the teaching and practice of Macroeconomics. This seems bizarre as if nothing has happened and the economists are just going about doing business as usual. In light of this, the current paper attempts to address how Macroeconomics ought to be taught to students at the advanced intermediate level, which gives them an overall perspective on the subject.
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Modern authors have identified a variety of striking economic patterns, most importantly those involving the distribution of incomes and profit rates. In recent times, the econophysics literature has demonstrated that bottom incomes follow an exponential distribution, top incomes follow a Pareto, profit rates display a tent-shaped distribution. This paper is concerned with the theory underlying various explanations of these phenomena. Traditional econophysics relies on energy-conserving “particle collision” models in which simulation is often used to derive a stationary distribution. Those in the Jaynesian tradition rely on entropy maximization, subject to certain constraints, to infer the final distribution. This paper argues that economic phenomena should be derived as results of explicit economic processes. For instance, the entry and exit process motivated by supply decisions of firms underlies the drift-diffusion form of wage, interest and profit rates arbitrage. These processes give rise to stationary distributions that turn out to be also entropy maximizing. In arbitrage approach, entropy maximization is a result. In the Jaynesian approaches, entropy maximization is the means.
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.
The article pursues the two related questions of how economists pretend to know and why they want to know at all. It is argued that both the economic form of knowledge and the motivation of knowing have undergone a fundamental change during the course of the 20th century. The knowledge of important contemporary economic textbooks has little in common with an objective, decidedly scientifically motivated knowledge. Rather, their contents and forms follow a productive end, aiming at the subjectivity of their readers.
By conducting a discourse analysis (SKAD) in the field of academic economics textbooks, this paper aims at reconstructing frames and identity options offered to undergraduate students relating to the questions ‘Why study economics?’ and ‘Who do I become by studying economics?’. The analysis showed three major frames and respective identity offerings, all of which are contextualized theoretically, with prominent reference to the Foucauldian reflection of the science of Political Economy. Surprisingly, none of them encourages the student to think critically, as could have been expected in a pedagogical context. Taken together, economics textbooks appear as a “total structure of actions brought to bear upon possible action” (Foucault), therefore, as a genuine example of Foucauldian power structures.
For many social critics "globalization" is a signpost of “late-capitalism” with the rise of multinational corporations, mass consumption and the multidirectional flows of capital, labor, media, communication, ideologies and social movements across national borders. Feminist analyses of globalization and the gendered and sexualized permutations of these phenomena offer a critical stance for theorizing these processes, and for studying their complex articulations across time and space.
The goal of the course is to deepen students’ understanding of the Latin American development experience by viewing it through a gender lens.
In this class we will explore how globalization shapes and is shaped by gender norms with a particular focus on questions related to ‘work,’ mobility and well-being.
What are the debates, feminist and otherwise, surrounding the phenomena of globalization? How does a gendered lens complicate our understandings of neoliberal globalization? How are particular labor regimes integral to global restructuring, and how are these gendered? What are the implications of global restructuring for bodies, identities, relations, and movements?
This graduate-level course examines issues related to women’s paid and unpaid work during a time of rapid integration of world markets. Students will analyze the role of government policy, unions, corporate responsibility, and social movements in raising women's wages, promoting equal opportunity, fighting discrimination in the workplace, and improving working conditions.
Aim: to work out jointly with students a systematic perception of how the gender factor can impact on economic and demographic development. This course is pioneering: it is the first time that such a course has been introduced into the curriculum of a Russian higher educational institution with a focus on economics.
Getting to the policy discussion table is one of the objectives pursued by feminist scholars and advocates. However, some participants in this process have remarked that “you cannot get to the policy discussion table until you have proven that you can crunch the numbers.”
To what extent does gender affect people's patterns of labor force participation, educational preparation for work, occupations, hours of work (paid and unpaid) and earnings?
Education policy seeks to ensure equality in access, equality within the classroom and in teaching- learning processes, and equality in outcomes. This course encourages students to assess and evaluate the extent to which these objectives are met in practice and the ways in which educational outcomes are shaped by, as well as alter, gendered social norms.
This lecture course, which will be taught in English, will deal with gender issues in developing countries. After providing an overview of the gender differences in various aspects of welfare and economic life, the course will then tackle a number of specific issues.
This course is an introduction to Development Economics and is concerned with how economists have sought to explain how the process of economic growth occurs, and how – or whether – that delivers improved well-being of people.
By the end of this course, students should understand the basic economic theories of the gender division of labor in the home and at the workplace, and theories of gender differences in compensation and workforce segregation.
This course is intended to present some of the main ideas underlying the micro aspects of gender economics. The courses will tackle issues as fertility, marriage, women labor force participation, wage gap, gender inequality, violence against women and women empowerment within her household and within the society where she lives.
This course introduces students to the relevance of gender relations in economics as a discipline and in economic processes and outcomes.
In this course we will critically analyze both economic theory and economic life through the lens of gender. Topics covered include: a critical examination of gender patterns and trends in the household, labor market, and the firm; issues concerning gender inequalities in the economy.
This course is designed to provide students with an understanding of work-related gender issues and to enable students to analyze the issues using the tools of economics.
Sabel and Zeitlin present the persistence of small firms in Europe, against the rise of mass production and modern enterprises. Their article starts by analysing how mass production can be considered a historical necessity for the classical view, as it is a highly specialized structure, where man and machine can …
Posted on Social Media 20.06.2022
Cédric Durand locates the Russian War on Ukraine in relation to Russian Economic Development and Political Economy after the collapse of the soviet union.
In this piece Alexander Kravchuk gives an overview over the history of dept dependency in Ukraine, highlighting especially the role of international creditors and the negative socio-economic impacts of debt dependency for the Ukrainian economy.
The historian Nicholas Mulder talks about the Western sanctions against Russia in the context of the Ukraine Crisis. He explains that the current sanctions are unprecedented in terms of size, speed and scope, expected consequences as well as potential drawbacks and problems.
In this roundtable conversation, Post-Colonialisms Today members, Omar Ghannam, Kareem Megahed and Tetteh Hormeku-Ajei, look to policies from early post-independence Africa to tackle issues exacerbated by the COVID- 19 pandemic.
Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, provides insight on the history of primary commodity export dependence in Africa, and relates it to the difficulties African governments are facing finding necessary resources to tackle the COVID-19 pandemic.
Post-Colonialisms Today researcher Chafik Ben Rouine looks to Tunisia’s post-independence central banking method to provide insight on what progressive monetary policy can look like.
Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam discuss the importance of industrial policy during the pandemic to improve domestic capacity for manufacturing essential goods.
Jihen Chandoul, a member of the Post-Colonialisms Today Working Group, discusses the impact of import-dependency on African food supply chains since the onset of the COVID-19 pandemic.
Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, discusses the role of the state in Africa during the COVID-19 pandemic.
This archive contains open access copies of most of the written work, including the books of Karl William Kapp (1910-1976) was one of the forefathers of Ecological Economics.
The premise of this workshop is that we, as knowledge producers - especially within westernized universities (Grosfoguel, 2013), are significantly implicated in neoliberal imaginaries that are often in service of hierarchical, binary, competitive and linear narratives of growth as civilizational progress.
In this webinar, Dr. Grieve Chelwa, Dr. Cecilia Lanata Briones and Professor Jayati Ghosh discuss what is meant by “Decolonising Economics”.
Mainstream economic narratives — notably the concept of comparative advantage trade theory which assumes the equal balance of power between parties — are deployed to support the merits of Global Value Chains that the global integration via trade creates mutual gains for both developed and developing countries. This narrative is …
Nancy Fraser starts out by introducing the multidmiensional cirises of the 21st century. Three dimensions are especially alarming to her: the ecological, the financial and social aspects of the crisis. Fraser then revives the ideas of Karl Polanyi, which he first presented in his 1944 book "The great transformation". She …
This is the second part of the seminar, "A Hard Currency of Politics?". The discussion centers on the "The Currency of Politics" by Stefan Eich and is hosted by the journal European Law Open. Stefan Eich's presentation of his argument starts at minute 7:53. The discussion centers on the historic …
The author discusses the various dimensions of the recent hike in inflation in the context of the United States and policy dilemmas around high inflation, GDP decline and unemployment.
In March 2020, the Reserve Bank Board introduced a target for the yield on the three-year Australian Government bond which was discontinued in November 2021. This review examines the experience with the yield target and draws lessons from this experience.
To celebrate the forthcoming book, "A brief history of Economic Thought: From the Mercantilists to the Post-Keynesians", edited by Louis-Philippe Rochon and Hassan Bougrine (Edward Elgar), Louis-Philippe Rochon sat down with celebrated author and scholar Sergio Rossi to discuss his contribution "Milton Friedman and the Monetarist School".
Why did inflation lift of in 2022? Are there differences between the US and the Eurozone and if so, what are they?
posted on social media 22.06.2022
This article demonstrates Schumpeter's propagated approach to monetary analysis in macroeconomics so as to provide for a better understanding of the relation between finance and growth.
Asset Management firms control large parts of the global economy. Just the three American asset management firms - BlackRock, Vanguard and State Street - manage more than half of the combined value of all shares for companies in the S&P 500. Their combined managed assets amount to $22 trillion (May …
Lecture on the paper "The Economic Limits of Bitcoin and Anonymous, Decentralized Trust on the Blockchain"
Western sanctions on Russia after its invasion of Ukraine quickly led the Ruble to lose more than 45 percent of its value. But these days, the Russian currency is back to its pre-war value. Cameron and Adam explain the turnaround and discuss what it means for the war.
This note, by Theresa Neef, Panayiotis Nicolaides, Lucas Chancel, Thomas Piketty, and Gabriel Zucman, provides data on wealth inequality in Russia and advocates for a European Asset Registry.
In this short essay, Jayati Ghosh gives an overview over the multiple ways in which the economic "fall-out" of the War in Ukraine is hitting economies and societies in the developing world.
The article reviews the effects that the War in Ukraine will have for the global economy.
The article by the European Council of Foreign Relations argues that Europe's economic actions in response to the Russian invasion into Urkaine have been decisive, different from the EU's external image, but that this response should yet be better institutionalized. The author Hackenbroich proposes an Anti-Coercion Instrument on the EU …
In this piece Alexander Kravchuk gives an overview over the history of dept dependency in Ukraine, highlighting especially the role of international creditors and the negative socio-economic impacts of debt dependency for the Ukrainian economy.
"Alexander Kravchuk is an economist and editor at Commons: Journal for Social Criticims, who has previously written about IMF conditions on loans to Ukraine. Jacobin’s David Broder asked him about the country’s economic situation and why debt cancellation is important if Ukrainians are to be able to shape their future." (quote from the interview)
Is our system capable of energy transition and climate protection? How plural is economic policy in practice and who makes the big decisions? What kind of change do we want?
This article considers the strengths of agent-based modelling and the ways that it can be used to help central banks understand the economy. These models provide a complement to more traditional economic modelling which has been criticised in the wake of the Great Recession.
A stock-flow-fund ecological macroeconomic model
As part of the 2019/2020 Exploring Economics Experience, one of our supporters Prof. Steve Keen gave a presentation to our editorial team. Read more
What data is used in the economic models of the IPCC? How problematic is it, that tipping points are often ignored? A very interesting presentation by Steve Keen during the OECD Conference "Averting Systemic Collapse".
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.
Antoine Godin gives a bright, illustrated, introduction to agent-based, stock-flow-consistent modeling, with a clear focus on the agent-based aspect.
The lectures were given by Steve Keen at the Exploring Economics Summer Academy 2017 in the workshop on Post-Keynesian Economics. The first lectures start with the role of money in a monetary economy and explain the macroeconomic significance of admitting the reality that banks create money. The lectures continue with …
This is an introductory lecture to Stock-Flow Consistent (SFC) modelling. Antoine Godin presents this family of macroeconomic models, which is based on a rigorous accounting framework and guarantees a correct and comprehensive integration of all the flows and the stocks of an economy. SFC models focus especially on interactions between …
Keen first compares neoclassical approaches to modelling with heterodox ones. Then he discusses in length the required assumptions and the inconsistencies of the aggregate demand and supply model, which is extrapolated from a micro perspective. At the end some dynamic models with feedback mechanisms are shown.
Steve Keen discusses DSGE modeling and microfoundations by asking the question if it is ideologically possible to derive macroeconomics from microeconomics.
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.
posted on social media 22.06.2022
Lecture on the paper "The Economic Limits of Bitcoin and Anonymous, Decentralized Trust on the Blockchain"
In this interview, Gerd Gigerenzer place bounded rationality into the context of a larger development in thinking about what rationality is. He touches on unbounded rationality which remains overrepresented and popular in neoclassical economics, he explains different interpretations of bounded rationality and concludes with an ecological interpretation of rationality. He …
The usual background and distinctions between complexity and neoclassical economics are presented. Neoclassical economics deals with perfectly rational representative agents -this creates states of equilibrium. On the other hand, complexity economics relaxes these assumptions to deal with responsive agents in an uncertain dynamic environment -this creates states of disequilibrium. More …
The webinar covers three different topics that relate to reconciling with the Indigenous people in Australia: financial resilience, childcare/child development and economic participation through business procurement. Despite showing significant strength and resilience in the face of colonial injustices, Australian Indigenous people and their families continue to be affected by past trauma.
Dr Murieann Quigley (Senior Lecturer in Biomedical Ethics and Law, University of Bristol) discusses the ethics of nudging and whether it matters that third parties construct the context in which you make your decisions.
Richard Thaler gives a lecture in the 2018 Nora and Edward Ryerson Lecture at the University of Chicago. In the lecture he discusses his Nobel Prize winning research.
New challenges require new approaches. Is economics part of the problem or part of the solution? Probably both.
This course focus on the behaviour of individuals from an pluralist economic and an interdisciplinary bevavioural science apprach.
Rethinking Economics NL explores every month together with a new host the field of economics from a different perspective.
This course introduces students to political economy and the history of economic thought. We will cover the core ideas in various schools of economic thought, positioning them in the historical and institutional context in which they were developed. In particular, we will cover some economic ideas from the ancient world and the middle ages; the enlightenment; the emergence of and main ideas in classical political economy (Adam Smith, David Ricardo, Thomas Malthus, and others); Marx, Mill, and Keynes; European versus American economic thought through history; the rise of mathematical economics; economic theories around state-managed economies versus socialism; Austrian economics; behavioral economics; and the future of economics.
This Perspective argues that ergodicity — a foundational concept in equilibrium statistical physics — is wrongly assumed in much of the quantitative economics literature. By evaluating the extent to which dynamical problems can be replaced by probabilistic ones, many economics puzzles become resolvable in a natural and empirically testable fashion.
Poster of the different schools of thought made by Sergio A. Berumen. From the Greeks to late 20th and beginning of the 21th century.
Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
If there’s one method economists have neglected the most, it’s qualitative research. Whereas economists favour mathematical models and statistics, qualitative research seeks to understand the world through intensive investigation of particular circumstances, which usually entails interviewing people directly about their experiences. While this may sound simple to quantitative types the style, purpose, context, and interpretation of an interview can vary widely. Because of this variety, I have written a longer post than usual on this topic rather than doing it a disservice. Having said that, examples of qualitative research in economics are sadly scant enough that it doesn’t warrant multiple posts. In this post I will introduce qualitative research in general with nods to several applications including the study of firm behaviour, race, Austrian economics, and health economics. More than usual I will utilise block quotes, which I feel is in the spirit of the topic.
How does high school affect our values in life? Professor Rober Akerlof provides an explanation and discusses recent developments in Behavioral Economics in this video.
Scheduled: 08.07.2021
This is the second part of the seminar, "A Hard Currency of Politics?". The discussion centers on the "The Currency of Politics" by Stefan Eich and is hosted by the journal European Law Open. Stefan Eich's presentation of his argument starts at minute 7:53. The discussion centers on the historic …
What motivates big businesses to reject full employment policies? Michal Kalecki adressed this question in 1943 by analysing the political ideology that govern the private sector.
Mitch Jeserich interviews Professor Richard D. Wolff, a professor of economics at the New School University, who presents an explanatory theory of how inflation occurs in an economy.
This analysis is presented through the lens of Marxian political economy (explicitly) and institutional economics (implicitly through corporate structure).
Check out this new content in our discover section!
posted 08.06.2022
Sabel and Zeitlin present the persistence of small firms in Europe, against the rise of mass production and modern enterprises. Their article starts by analysing how mass production can be considered a historical necessity for the classical view, as it is a highly specialized structure, where man and machine can …
Posted on Social Media 20.06.2022
This website belongs to PolyluxMarx and provides open-access material for use while reading Karl Marx' Capital. For several years now, people have been starting to dust off Marx and return to his analysis of society. This is mainly due to the social turmoil in global capitalism, weaknesses in prevailing explanations …
"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, …
Drawing on Gramsci's Marxist Political Economy, Mike Davis situates the War in Ukraine within the general condition of a crisis of capitalist hegemony. The key argument is that the pathological and violent situation that we are finding ourselves in today is an expression of the inability of both global ruling …
In this interview Ilya Matveev discusses the social, political, economic, and ideological foundations of the Russian regime, to provide additional context about Russia’s geopolitical goals.
Cédric Durand locates the Russian War on Ukraine in relation to Russian Economic Development and Political Economy after the collapse of the soviet union.
In this piece Alexander Kravchuk gives an overview over the history of dept dependency in Ukraine, highlighting especially the role of international creditors and the negative socio-economic impacts of debt dependency for the Ukrainian economy.
"Alexander Kravchuk is an economist and editor at Commons: Journal for Social Criticims, who has previously written about IMF conditions on loans to Ukraine. Jacobin’s David Broder asked him about the country’s economic situation and why debt cancellation is important if Ukrainians are to be able to shape their future." (quote from the interview)
Yao Graham, coordinator of Third World Network- Africa, reflects on lessons learned from past Economic Partnership Agreements (EPAs), specifically as they relate to the Post-Cotonou Agreement.
Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, discusses the role of the state in Africa during the COVID-19 pandemic.
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.
The British historian, Adam Tooze, highlights how the climate crisis is not just an environmental or ecological problem but also a political economy challenge.
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
The New Mulit-Purpose Mobility Solution: All-in-on socially responsible ride-share and delivery app This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
Caring the Care Sector - Contributions of Feminist Macroeconomics to Economics in the Post-COVID Era
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This lecture was held in the context of the a two-day conference called "Which pluralism" for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires …
This section includes selected content from Post-Colonialisms Today - a research and advocacy project recovering insights from the immediate post-independence period in Africa, and mobilizing them through a feminist lens to address contemporary challenges. You will find additional content at postcolonialisms.regionsrefocus.org.
In this article, Jihen Chandoul discusses the importance of food sovereignty in Africa, reflecting on the continent’s early post independence movements for self sufficiency.
In this article, Tetteh Hormeku-Ajei and Camden Goetz discuss the ongoing impacts of colonialism on Africa’s natural resources.
In this roundtable conversation, Post-Colonialisms Today members, Omar Ghannam, Kareem Megahed and Tetteh Hormeku-Ajei, look to policies from early post-independence Africa to tackle issues exacerbated by the COVID- 19 pandemic.
This article introduces the series, “Reclaiming Africa’s Early Post- Independence History,'' from Post-Colonialisms Today. It explores the policies and thinking of African governments in the early post-independence period, and the lessons for today’s struggles for political and economic agency on the continent.
Kareem Megahed, Omar Ghannam and Heba Khalil, from Post-Colonialisms Today, provide insights on the early post-independence industrialization project in Egypt, in which the state played a central coordinating role.
Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam explain how early post-independence Egypt sought economic independence via industrialization.
Yao Graham, coordinator of Third World Network- Africa, reflects on lessons learned from past Economic Partnership Agreements (EPAs), specifically as they relate to the Post-Cotonou Agreement.
Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, provides insight on the history of primary commodity export dependence in Africa, and relates it to the difficulties African governments are facing finding necessary resources to tackle the COVID-19 pandemic.
Post-Colonialisms Today researcher Chafik Ben Rouine looks to Tunisia’s post-independence central banking method to provide insight on what progressive monetary policy can look like.
Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam discuss the importance of industrial policy during the pandemic to improve domestic capacity for manufacturing essential goods.
Jihen Chandoul, a member of the Post-Colonialisms Today Working Group, discusses the impact of import-dependency on African food supply chains since the onset of the COVID-19 pandemic.
Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, discusses the role of the state in Africa during the COVID-19 pandemic.