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This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is born on the balance sheets of the central bank or commercial bank.
2017
Level: beginner
Modern Monetary Theory and European Macroeconomics
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.
2021
Level: advanced
Driving Forward Social and Solidarity Economy: The Case of South Africa's Taxi Industry
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.
2013
Level: beginner
Caliban and the Witch
In this article, Gareth Dale analyzes and compares the main characteristics and differences of two visions that are currently emerging to tackle Climate Change: the Green New Deal and Degrowth. Which are the consequences from the environmental, economic and political point of view? And what are the underlying doctrines?
2019
Level: expert
Degrowth and the Green New Deal

Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the dramatic story of this boom and bust, chronicling the forgotten experiences of leading financiers of the age.

2018
Level: advanced
Bankers and Bolsheviks
Thirty-years of economic transformation has turned China into one of the major players in the global capitalist economy. However, its economic growth has generated rising problems in inequality, alienation, and sustainability with the agrarian crises of the 1990s giving rise to real social outcry to the extent that they became the object of central government policy reformulations.
2015
Level: advanced
Social Economy in China and the World
From religious leaders to heads of state, everyone is talking about economic inequality. What form can such inequality take in different countries? What impact does it have on society? And why should it matter to you?
Level: beginner
Challenging Wealth and Income Inequality
A free online course at Masters-level will enable you to understand the past, present and future role of money in society.
Level: advanced
Money and Society
The objective of this MOOC is to develop an understanding of the problems related to water management. Firstly, this course will define a resource and, more specifically, the resource of water. It will look at how water is used and the activities associated with it as well as any potential conflicts. The course will look at water management in detail through the analysis of the different types of rights and obligations associated with, for example, the development of a multi-sectorial regulation system or a watershed management approach.
Level: advanced
Water Resource Management and Policy
This book analyzes the transition of chocolate from an exotic curiosity to an Atlantic commodity. It shows how local, inter-regional, and Atlantic markets interacted with one another and with imperial political economies. It explains how these interactions, intertwined with the resilience of local artisanal production, promoted the partial democratization of chocolate consumption as well as economic growth.
2020
Level: advanced
Empire, Political Economy, and the Diffusion of Chocolate in the Atlantic World
These notes aim to clarify some basic features and implications of gross capital flows In the context of the 2007 08 Global Financial Crisis and the 2010 12 Eurozone Crisis trade imbalances and capital flows received a lot of attention from academics policymakers and the media However there is still …
2020
Level: advanced
Gross capital flows and the balance-of-payments: a balance sheet perspective
Latin America and Europe can both learn from their respective experiences on crisis response and the distributive and democratic implications at national and regional level Democratic and distributive aspects of crisis response monetary financial economic policies and institutional reforms are key but have not been adequately addressed in the literature …
2020
Level: advanced
Financial Crisis Management and Democracy
Since 2007, central banks of industrialized countries have counteracted financial instability, recession, and deflationary risks with unprecedented monetary policy operations. While generally regarded as successful, these measures also led to an exceptional increase in the size of central bank balance sheets. The book first introduces the subject by explaining monetary policy operations in normal times, including the key instruments (open market operations, standing facilities, reserve requirements, and the collateral framework).
2014
Level: advanced
Monetary Policy Operations and the Financial System
The documentary recounts the history of the first World War and gives a biography of Lenin. The concept of imperialism is briefly explored and it is concluded that by the end of world war one the old certainties and old ruling alliances between aristocracy and traditional capitalists were broken up.
1977
Level: beginner
The Age of Uncertainty Episode 5 Lenin and The Great Ungluing
In this prescient book, expert contributors from academic and policymaking circles explore dollarization in both theoretical and practical terms.
2025
Level: beginner
Central Banking, Monetary Policy and the Political Economy of Dollarization
The Nobel laureate Amartya Sen´s text analyzes three main figures in social sciences and the relation between them: the Italian economist Piero Sraffa, the Austrian philosopher Ludwig Wittgenstein, and the Italian politician and philosopher Antonio Gramsci.
2003
Level: advanced
Sraffa, Wittgenstein, and Gramsci
A direct and fundamentally optimistic indictment of the short-sightedness and intellectual arrogance that has characterized much of urban planning in this century, The Death and Life of Great American Cities has, since its first publication in 1961, become the standard against which all endeavors in that field are measured.
1992
Level: advanced
The Death and Life of Great American Cities
This informative book discusses the evolution of monetary policy, particularly since the subprime crisis.
2025
Level: beginner
Central Banking and Monetary Policy Implementation
Mark Blyth criticises the political inability to solve the persistent economic crisis in Europe against the background of a deflationary environment. Ideological blockades and impotent institutions are the mutually reinforcing causes of European stagnation. The deeper roots lie in the structural change of the economic system since the 1980s, when neoliberalism emerged as hegemonic ideology. This ideology prepared the ground for austerity and resulting deflationary pressures and a strategy of all seeking to export their way out of trouble. Worryingly this is breeding populist and nationalist resentments in Europe.
2015
Level: beginner
Policies to avert stagnation: The Crisis and the Future(s) of the Euro
This short video visualizes the destabilizing effects financial markets can have on food prices, based on a paper by Jayati Ghosh. It introduces and explains the idea of future contracts and how those are used to speculate with basic food stuffs. After establishing the concepts, the video sketches out how the increase in those practices resulted in a substantial rise and later collapse of food prices around 2008 with severe consequences for many developing countries and their people.
2021
Level: beginner
Food and Finance
Value and Crisis brings together selected essays written by Alfredo Saad-Filho, one of the most prominent Marxist political economists writing today. Divided into two parts, "Essays on the Theory of Value" and "Essays on Contemporary Capitalism," this book examines the labour theory of value from a rich and innovative perspective from which fresh insights are derived.
2020
Level: advanced
Value and Crisis
This panel is about discussing the international development discipline from a critical perspective, exploring how the current practice entangles with Eurocentric/neo-colonial thoughts and how can we move beyond them.
2018
Level: advanced
Decolonise Development: Thoughts and Theories
What is “equitable growth” and how do we measure it? A better understanding of equitable growth—and how to measure it—can improve our understanding, inform decisions and lead to better outcomes for all.
2017
Level: beginner
Why current definitions of family income are misleading, and why this matters for measures of inequality
Edited by two of the foremost academics in the field, the volumes comprise insightful and original contributions from scholars across the world. The encyclopaedic breadth and scope of the original entries will make these reference books an invaluable source of knowledge for all serious students and scholars of the history of economic thought.
2016
Level: beginner
Handbook on the History of Economic Analysis, Volume 1: Great Economists since Petty and Boisguilbert
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.
1993
Level: expert
Use-Value, Exchange Value, and the Demise of Marx's Value Theory of Labor
This course is part of the SDG initiative addressing the UN Sustainable Development Goals, specifically for the following SDGs [1, 8, 10 and 16].
Level: beginner
Political Economy of Institutions and Development
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.
2023
Level: beginner
Grid is Good: The Case for Public Ownership of Transmission and Distribution
The Anthropology of Development and Globalization is a collection of readings that provides an unprecedented overview of this field that ranges from the field?s classical origins to today?s debates about the ?magic? of the free market.
2005
Level: advanced
The Anthropology of Development and Globalization
Mariana Mazzucato explains how we lost sight of what value means and why we need to rethink our current financial systems so capitalism can be steered toward a bold, innovative and sustainable future that works for all of us.
2019
Level: beginner
What is economic value, and who creates it?
Politicians tell us the UK is “borrowing too much” and faces a “debt crisis.” That’s wrong. The government creates the pounds it spends, and what’s called “borrowing” is really just it accepting deposits — or savings — from the public and financial markets.
2025
Level: beginner
Why the UK government can't borrow - and we should not pretend it does
This timely book answers the question of whether central banks should specifically target the stability of financial systems and if so, what kind of policies should be adopted to prevent or mitigate financial instability.
2025
Level: beginner
Central Banking, Monetary Policy and Financial In/Stability
To explain the pronounced instability of the world economy since the 1970s, the book offers an important and systematic theoretical examination of money and finance.
1999
Level: advanced
Political Economy of Money and Finance

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