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Beyond Neoclassical Economics is a remarkable new introduction to the main heterodox schools of economic thought which examines their main concepts and their critiques of mainstream theory.
Beyond Neoclassical Economics
After completing the module, participants should be able to understand the economic consequences of gender inequality. They should be able to explain the contradictions between capital and care, analyze the labor market with a gender perspective and develop the ability to describe phenomena such as public policies taking into account "gender" as a category of analysis.
Feminist Economics
p>Twenty-first-century economists will have to understand and improve a post-Cold War world in which no single economic theory or system holds the key to human betterment. Heterodox economists have much to contribute to this effort, as a wave of pluralism spawns new lines of research and new dialogues among non-mainstream economists.
Future Directions for Heterodox Economics
How exactly are persisting social inequalities and the operations of modern finance connected? Adam Tooze provides a detailed answer to a still relevant problem by focusing on the Great Financial Crisis and the role of the finance industry in the USA.
Crashed: How a Decade of Financial Crises Changed the World
"Stabilise, liberalise and privatise" has, since the debt crisis of the early 1980s, been the mantra chanted at developing countries by international financial institutions, donor countries and newspaper columnists with quasi-religious conviction.
The Resistible Rise of Market Fundamentalism
Leigh Phillips and Michal Rozworski examine the apparent contradiction between the demise of real-existing socialism and the rise of large corporations engaging in planning every day, making a strong argument that these planning efforts should be transformed to now fulfil the needs of the people.
The People's Republic of Walmart
In this teaching pack, we look at the acquisition of Twitter by Elon Musk. In particular, we focus on what it means to take a company private and how the deal was financed.
Musk buys Twitter
Marx’s theory of the falling rate of profit is not only empirically borne out, but the theory he proposed seems to describe accurately how that happens. Furthermore, the whole process is useful for understanding the history of contemporary capitalism.
On the Rate of Profit
In this ambitious and impressive new book, journalist Howard French seeks to excavate the long elided central importance of the African continent as the “linchpin of the machine of modernity.” In the story of modernity, he writes, the role of Africa is diminished, trivialized, and erased, and by filling in some gaps in this story, he retells the story of modernity.
Born in Blackness
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 …
Is prosperous degrowth feasible?
A comprehensive account of how government deficits and debt drive inflation
The Fiscal Theory of the Price Level
In the interview, Robert Skidelsky discusses the emergence of political influence of a certain school of economic thought and how the success of an economic theory depends on the power relations in the society. He introduces the historical example of Keynesian economics and its replacement by liberal economic theory and policy in the aftermath of the Great Depression, and transfers this historical case to the dominant paradigm of austerity policies in the Europe as response to rising public debts caused by the Financial Crisis. He contrasts austerity policies with a Keynesian approach. Furthermore, he relates the targets of policy to the underlying power structures, for example when not the reduction of unemployment but the protection of financial capital is politically addressed.
Economics and Political Power during the Crisis
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.
Economics: An Illustrated Timeline
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.
Happiness Economics. Does the Easterlin paradox stand?
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 Econ in Econophysics
Microeconomics in Context lays out the principles of microeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Macroeconomics in Context, the book is uniquely attuned to economic realities. The "in Context" books offer affordability, accessible presentation, and engaging coverage of current policy issues from economic inequality and global climate change to taxes.
Microeconomics in Context
Economic development is a process of continuous technological innovation and structural transformation. Development thinking is inherently tied to the quest for sustainable growth strategies. This book provides a neoclassical approach for studying the determinants of economic structure and its transformation and draws new insights for development policy.
New Structural Economics
Inequality is an issue we all face every day, from income disparities to gender discrimination. In this first lecture in the Institute for New Economic Think...
Inequality 101 with Branko Milanovic & Arjun Jayadev
Public lectures on some Traditional Economic Solutions to poverty in Nigeria, specifically the Igbo Apprentice System, Yoruba Ajo Thrift Savings, and Hausa Integral Communalism.
Traditional Wealth Creation Schemes in Nigeria
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.
Reclaiming Africa’s Early Post-Independence History
This article is the first of a series that offers a new paradigm for economics, the “multilevel paradigm,” using generalized Darwinism as its theoretical framework. Generalized Darwinism refers to all processes that combine the ingredients of variation, selection, and replication – not just genetic evolution – making it relevant to the cultural evolution of economic systems that are embedded in political, social, and environmental systems.
Rethinking the Theoretical Foundation of Economics I: The Multilevel Paradigm
Best-selling books such as Freakonomics and The Undercover Economist have paved the way for the flourishing economics-made-fun genre. While books like these present economics as a strong and explanatory science, the ongoing economic crisis has exposed the shortcomings of economics to the general public.
Economics Made Fun
That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does.
Doughnut Economics
Finance at the Threshold offers a unique perspective from an English economic and monetary historian. In it the author asks: Why did the banks stop lending to one another, and why now? Was it merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits?
Finance at the Threshold
This classic text offers a broader intellectual foundation than traditional principles textbooks. It introduces students to both traditional economic views and their progressive critique.
Economics
The book is a collection of 51 texts by different scholars and activists, who each adds a dimension/perspective to the topics of degrowth and societal transformation. A societal transformation towards a degrowth society is dependent on a lot of ideas coming together and creating change from various starting points within a society. Therefore, the authors are quite diverse and their contributions vary from being philosophical, natural science based, economic, sociological and so forth. Some are specfiically focused on a concept and others are a more broad critique of e.g., capitalism or growth.
Degrowth
The textbook 'Principles of Complexity Economics' by Michael Roos serves as an introduction to the rising field of complexity economics, providing a comprehensive and systematic overview of the concepts and methods of complexity economics and their applications to economic issues.
Principles of Complexity Economics
The Invisible Hand offers a radical departure from the conventional wisdom of economists and economic historians, by showing that "factor markets" and the economies dominated by them - the market economies - are not modern, but have existed at various times in the past.
The Invisible Hand?
This article investigates the set up of the CFA franc zones, its ties to French neocolonialism and its ability to further breed dependency in the former colonies.
The CFA Franc Zones: Neocolonialism and Dependency
Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.
Economics for People
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.
Decoupling debunked: Evidence and arguments against green growth as a sole strategy for sustainability
Human Rights Economics strives for an economic system that is just for people and respectful of the planet that promotes social and economic justice that integrates a plurality of views and traditions and that is human rights consistent in both its processes and outcomes It posits that economics is blind …
What is Human Rights Economics?
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