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Florian Kern replies to Zoltan Pozsar's analysis about the effects of the war in Ukraine on the global financial order and refutes the latter's prognosis of the demise of the US dollar as the world's reserve currency
2022
Level: advanced
Why the war in Ukraine does not jeopardise the dollar's reserve currency status
The Commentary explains the circular value chain and innovation potential along it. Focusing on Israel, examples on how cross-industry collaboration can help supporting a successful positioning in a (Digital) Circular Economy are presented.
2022
Level: beginner
Innovation Potential for a Circular Economy "Made in Israel"
Heterodox Macroeconomics offers a detailed understanding of the foundations of the recent global financial crisis
2009
Level: advanced
Heterodox Macroeconomics
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.
2015
Level: beginner
Women, Men, & Work
The concept of financialisation has undergone a similar career as ‘globalisation’, ‘neoliberalism’ or even ‘capitalism’, in the course of which it changed from the explanandum to the explanans; the process of financialisation is taken for granted, while the concrete historical and empirical causal conditions of its realisation and perpetuation are being moved into the background.
2023
Level: expert
A holistic theory of financialisation
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.
2019
Level: beginner
Economics for People
Understanding international trade is central to economics and is currently a hot political issue. It’s an area where popular perceptions of mainstream economics are low, since they have historically missed some important downsides of trade agreements, especially the hollowing out of former manufacturing hubs in the Western world. et economists have for long time had a theory of trade with an impressive amount of scientific clout behind it: the gravity trade model.
2020
Level: beginner
A Theory of Enormous Gravity
The goal of the class is to acquire familiarity with recently-published research in alternative macroeconomics with a focus on the distribution of income and wealth, cyclical growth models, and technical change.
2021
Level: beginner
Theory Seminar Macro-Distribution
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 …
2022
Level: beginner
What is Human Rights Economics?
This course offered by the International Monetary Fund (IMF) on edX provides an introduction in the major econometric tools used in standard Macroeconomics.
Level: advanced
Macroeconometric Forecasting
The Elgar Companion to Neo-Schumpeterian Economics surveys the achievements of the most visible scholars in this area. The contributions to the Companion give both a brief survey on the various fields of neo-Schumpeterian economics as well as insights into recent research at the scientific frontiers.
2007
Level: advanced
Elgar Companion to Neo-Schumpeterian Economics
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.
2020
Level: advanced
Bentham’s Two Sovereign Masters - Examining Bentham’s Influence on the Social Sciences
Usually, Critical Theory and Economics are, for better or worse, no longer seen to be in a continuum. This article by Lukas Meisner serves as an introduction to Critical Theory for all (heterodox) economists, who want to understand and explain what they can, otherwise, just state and describe.
2024
Level: beginner
Critical Theory for Heterodox Economists: Questioning the Premises of Supply and Demand
How do people make decisions? There is a class of models in psychology which seek to answer this question but have received scant attention in economics despite some clear empirical successes. In a previous post I discussed one of these, Decision by Sampling, and this post will look at another: the so-called Fast and Frugal heuristics pioneered by the German psychologist Gerd Gigerenzer. Here the individual seeks out sufficient information to make a reasonable decision. They are ‘fast’ because they do not require massive computational effort to make a decision so can be done in seconds, and they are ‘frugal’ because they use as little information as possible to make the decision effectively.
2020
Level: beginner
Bounded Rationality: the Case of ‘Fast and Frugal’ Heuristics
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.
2020
Level: beginner
Systemic racism, reparations and tax justice
This essay analyses how the role of central banks changed since the global financial crisis, and how this directional change was accelerated by the outbreak of Covid-19.
2021
Level: advanced
Revolution without revolutionaries: interrogating the return of monetary financing
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 …
2021
Level: beginner
Foundations of complexity economics
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.
2022
Level: beginner
Contributions from Post-Colonialisms Today
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.
2015
Level: beginner
Gender and Globalization
The authors show how consumers, business, the Federal Reserve, and government take into account what's going on around them to make critical decisions like buying new products, building new factories, changing interest rates, or setting budget goals. The book provides a clear roadmap to understanding the whole story behind the global economy.
2014
Level: advanced
Big Picture Economics
The Elgar Companion to Feminist Economics is the first comprehensive reference work introducing readers to the field of feminist economics. It includes 99 entries by 88 authors.
1999
Level: advanced
The Elgar Companion to Feminist Economics
Are there distinct European traditions in economics? Is modern economics homogenous and American? The volume includes case studies of the UK, Sweden, the Netherlands, Belgium, Germany, France, Italy, Portugal, Spain and Greece.
2005
Level: advanced
The Development of Economics in Western Europe Since 1945
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
This lively introduction to heterodox economics provides a balanced critique of the standard introductory macroeconomic curriculum. In clear and accessible prose, it explains many of the key principles that underlie a variety of alternative theoretical perspectives (including institutionalist economics, radical economics, Post Keynesian economics, feminist economics, ecological economics, Marxist economics, social economics, and socioeconomics).
2015
Level: beginner
Reintroducing Macroeconomics
The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies.
2018
Level: advanced
The Microeconomics of Complex Economies
Winner of the Nobel Prize in Economics

Get ready to change the way you think about economics.

Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans--predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth--and change the way we think about economics, ourselves, and our world.

2016
Level: advanced
Misbehaving
Dr. Katherine Trebeck explains some reasons why we should believe the future of the economy should be a wellbeing economy.
2020
Level: beginner
Why the Future Economy has to be a Wellbeing Economy
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.
Level: advanced
Gender and Microeconomics
Economics has become a monolithic science, variously described as formalistic and autistic with neoclassical orthodoxy reigning supreme. So argue Dimitris Milonakis and Ben Fine in this new major work of critical recollection.
2009
Level: advanced
From Political Economy to Economics
In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money.
2020
Level: beginner
China's Gilded Age
Philosophy of Economics: A Contemporary Introduction is the first systematic textbook in the philosophy of economics introduces to the epistemological, metaphysical and ethical problems that arise in economics, and presents detailed discussions of the solutions that have been offered.
2013
Level: advanced
Philosophy of Economics
How did Britain's economy become a bastion of inequality? In this landmark book, the author of The New Enclosure provides a forensic examination and sweeping critique of early-twenty-first-century capitalism. Brett Christophers styles this as 'rentier capitalism', in which ownership of key types of scarce assets--such as land, intellectual property, natural resources, or digital platforms--is all-important and dominated by a few unfathomably wealthy companies and individuals: rentiers.
2020
Level: beginner
Rentier Capitalism

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