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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 …
Exploring Economics 2017 Lectures
This course will survey contemporary heterodox approaches to economic research, both from a microeconomic and a macroeconomic perspective. Topics will be treated from a general, critical, and mathematical standpoint.
Heterodox Approaches to Economics
In this book, the author, Intan Suwandi, engages with the question of imperialism through the specific channel of Global Value Chains.
Value Chains
A History of Capitalist Transformation: A Critique of Liberal-Capitalist Reforms highlights how, since the recent financial crises, the expression 'liberal reform' has entered common parlance as an evocative image of austerity and economic malaise, especially for the working classes and a segment of the middle class.
A History of Capitalist Transformation
Wealth inequality between Black and white people in the US barely has changed in the last 150 years. In her book "The Color of Money. Black Banks and the Racial Wealth Gap" Mehrsa Baradaran, analyzes why also Black banks have not successfully changed this and not enabled Black wealth on a broader scale.
The Color of Money
This paper is a product of an online workshop held in Nigeria on the topic Unemployment: Policy Review and Recommendations. It explores the various unemployment policies introduced by the Nigerian Government and analysis how effective they are and suggests some practicable solutions to solving unemployment problems in the country.
The workshop was organized by Rethinking Economics The Uploaders (RETU) as part of the project Solving the Major Economic Problem in Nigeria (SMEPN), an output of the Global Pluralist Economics Training (GPET).
More details here: https://www.retheuploaders.org/programs/SMEPN
Unemployment in Nigeria: Policy Review and Recommendations
How long the COVID-19 crisis will last, and what its immediate economic costs will be, is anyone's guess. But even if the pandemic's economic impact is contained, it may have already set the stage for a debt meltdown long in the making, starting in many of the Asian emerging and developing economies on the front lines of the outbreak.
The COVID-19 Debt Deluge
Aim of this intensive workshop is 1.) to introduce the participants to the macroeconomic workings of the climate crisis as the background of sustainable finance; 2.) to introduce financial assets with ESG (Environmental, Social and Governance) criteria attached to them and their markets and important institutional players; 3.) to provide a critical perspective on the current setup of sustainable finance; 4.) and to work on in-depth case studies illustrating the workings on ESG-finance markets, its emitters and traders as well as their macroeconomic implications.
Sustainable Finance – Hoax or necessity. A global perspective
One of the pluralist theories which has gained prominence following the 2008 financial crisis is Hyman Minsky and his Financial Instability Hypothesis (FIH). Minsky was unique in viewing balance sheets and financial flows as the primary components of capitalist economies, and his focus on the financial system meant he was well-equipped for foresee a crisis much like 2008. Although he died long before 2008 his framework anticipated many of the processes which led to the crash, particularly increased risk-taking and financial innovation which would outstrip the abilities of regulators and central banks to manage the system.
Minsky’s Moments
What is economics? What can - and can't - it explain about the world? Why does it matter?
Economics: The User's Guide
Along with addressing core conceptual issues in defining heterodox economics, we will cover in some detail five heterodox traditions in economics: Marxian Economics, Institutional Economics, Post-Keynesian Economics, Feminist Economics, and Ecologi-cal Economics. In the first class meeting, we discuss the structure and goals of the course, as well as the expectations and requirements from the students. In addition, we will discuss the concept of heterodoxy in economics, along with discussing the concepts and key issues in mainstream and neoclassical economics.
Heterodox Economics
This course focus on the behaviour of individuals from an pluralist economic and an interdisciplinary bevavioural science apprach.
Actors, Behaviours and Decision Processes
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 …
Foundations of complexity economics
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 …
Beyond indifference - An economics for the future
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 …
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 …
Pandemic Paradigm Shift
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 …
Revisiting the Carr-Benkler wager - Is the Internet peer-produced or price incentivized?
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 …
The New Mulit-Purpose Mobility Solution
This lecture acts as an introduction to the Macroeconomics course (ECON 720) at John Jay College. Throughout the lecture, the classical and Keynesian conceptions of macroeconomic relationships are contrasted.
Macroeconomics with J.W. Mason, Lecture 0: Introduction
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.
The economics of legalising cannabis
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.
The Gender Pay Gap: Understanding the Economic and Social Causes and Consequences
Throughout 2022 it has become increasingly difficult for people around the world to meet their basic needs – even those who live in relative affluence in the Global North. This 30-minute classroom exercise takes this common recent experience as a starting point for an exploration of the different economic mechanisms and organisations that can be used to provide for people’s basic needs.
Meeting Basic Needs
Whether a black swan or a scapegoat, Covid-19 is an extraordinary event. Declared by the WHO as a pandemic, Covid-19 has given birth to the concept of the economic “sudden stop.” We need extraordinary measures to contain it.
Triggering a Global Financial Crisis: Covid-19 as the Last Straw
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.
Ecological Economics and Degrowth
In this essay the authors argue for a wider concept of care work that includes community building, civic engagement and environmental activism. On the basis of the case of Cargonomia, a grassroot initiative in Budapest, they show that such a wider concept of care work could allow for different narratives that promote sustainable lifestyles with a milder environmental and social impact on the planet and its communities.
Reimagining the world of (care)work: the case of Cargonomia
How can we establish new institutions and practices in order to use fare-free public transport as a beacon for sustainable mobility and a low-carbon lifestyle? The author of this essay elaborates on how practice theory and institutional economics can help to answer this question.
Towards a practice of fare-free sustainability
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 …
PolyluxMarx - A Capital Workbook in Slides
This syllabus provides an overview of the contents of the course "The Philosophy and Methodology of Economics" at the Duke University
The Philosophy and Methodology of Economics
In order to address discrimination, we must understand and address its fundamental basis of systemic oppression. Stratification economics goes beyond myopic mainstream conceptualisations of discrimination and recognises the historical, institutional, and structural factors that create and maintain socioeconomic disparities and hierarchies. To critically approach the economics of discrimination, this workshop will focus on stratification economics, a systematic and empirically grounded approach to addressing intergroup inequality (Darity, 2005). Focusing on racial discrimination, we will discuss the core elements of stratification economics, critically evaluate its relevance, and apply these understandings to construct case studies and solutions for change. In our discussions, we will consider an array of topics, including intersecting oppressions, reparative justice, and the role of knowledge production in overcoming injustice and creating a better world.
Economics of Discrimination
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.
Carbon Pricing: The Key to Open the Way Toward a Sustainable Recovery and Long-Term Wellbeing
This part is devoted to simulation experiments based on the simulation model developed in part I from the value theoretic reconstruction of the main parts of Marx s critique of Political Economy After introducing the main parameters and the range of their variation Section 1 a singular run as well …
A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model Part II
Is or has economics ever been the imperial social science? Could or should it ever be so? These are the central concerns of this book. It involves a critical reflection on the process of how economics became the way it is, in terms of a narrow and intolerant orthodoxy, that has, nonetheless, increasingly directed its attention to appropriating the subject matter of other social sciences through the process termed "economics imperialism".
From Economics Imperialism to Freakonomics
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