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924 results
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.
Bounded Rationality: the Case of ‘Fast and Frugal’ Heuristics
Turning the ideas of #DoughnutEconomics into action.
Doughnut Economics Action Lab
International Economics, 15e continues to combine rigorous economic analysis with attention to the issues of economic policy that are alive and important today in this field.
International Economics
Technical change, defined as the manufacture and modification of tools, is generally thought to have played an important role in the evolution of intelligent life on earth, comparable to that of language. In this volume, first published in 1983, Jon Elster approaches the study of technical change from an epistemological perspective.
Explaining Technical Change
The rise of capitalism to global dominance is still largely associated – by both laypeople and Marxist historians – with the industrial capitalism that made its decisive breakthrough in 18th century Britain.
A Brief History of Commercial Capitalism
This is a hands on four chapter course to learn how to better understand and act when faced with complex situations By the end of the course students will be able to take a story from the news describe what makes the situation complex and identify opportunities for effective action …
Thinking Complexity
How do Airbnb and short-term rentals affect housing and communities? Locating the origins and success of Airbnb in the conditions wrought by the 2008 financial crisis, the authors bring together a diverse body of literature and construct case studies of cities in the US, Australia and Germany to examine the struggles of local authorities to protect their housing and neighborhoods from the increasing professionalization and commercialization of Airbnb.
Airbnb, Short-term Rentals and the Future of Housing
More-is-better ideals such as these have long shaped our vision of rationality. Yet humans and other animals typically rely on simple heuristics to solve adaptive problems, focusing on one or a few important cues and ignoring the rest, and shortcutting computation rather than striving for as much as possible.
Ecological Rationality
What does GDP measure? How was it constructed and how did it become so important? What are alternatives? A historical introduction into the critique of GDP as measure of economic welfare.
Dirk Philipsen on GDP
What is universal basic income? This video gives a first, short introduction.
What is Universal Basic Income?
The Price of Slavery analyzes Marx's critique of capitalist slavery and its implications for the Caribbean thought of Toussaint Louverture, Henry Christophe, C. L. R. James, Aimé Césaire, Jacques Stephen Alexis, and Suzanne Césaire. Nick Nesbitt assesses the limitations of the literature on capitalism and slavery since Eric Williams in light of Marx's key concept of the social forms of labor, wealth, and value.
The Price of Slavery
This self-paced free course by Perry Merhling guides you to his "Money View" approach that integrates the fields of economics and finance. The course can easily be understood by people interested people without technical economic knowledge or training as it is primarily a tool for analysis.
Economics of Money and Banking
Macroeconomics is fundamental to our understanding of how the world functions today. But too often our understanding is based on orthodox, dogmatic analysis.
Macroeconomics - A Critical Companion
"his course introduces the complex, but critical, concepts of sustainability and resilience and examines your impact on our environment."
Sustainability, Resilience, and Society
This book investigates the continuing resonances of Atlantic slavery in the cultures and politics of human reproduction that characterize contemporary biocapitalism.
The Afterlife of Reproductive Slavery
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.
An Introduction to Max Weber’s The Protestant Ethic - A Macat Sociology Analysis
Thomas Piketty's Capital in the 21st century is presented and the central argument that capital returns have historically exceeded growth rates, thus exacerbating inequality is illustrated.
An Introduction to Thomas Piketty's Capital in the 21st Century- A Macat Economics Analysis
In this video, the most famed biographer of John Maynard Keynes, Robert Skidelsky, explores the foundations of Keynesian economics
Keynesian Economics - It's All About Spending
This video provides a brief introduction to post-keynesian economics and how the school of thought would tackle climate change.
Clips on Climate: Postkeynesian Economics
In this video University of Warwick Economist Robert Akerlof provides an introduction to a new type of behavioral economics He explains how this type is being driven by a desire to understand how people are shaped by social interactions and what the economic consequences of this are He begins the …
Behavioral Economics: The Next Generation
In this video Manuela Mosca talks briefly about the role of women in economics from the perspective of history of economic thought She then introduces the book A History of Feminist and Gender Economics written by Giandomenica Becchio Manuela Mosca The European Society for History of Economic Thought
Manuela Mosca on Giandomenica Becchio, A History of Feminist and Gender Economics
Balance of payments stability is of paramount importance for developing countries, both to secure the value of their domestic currencies as well as reliable foreign currency inflows. But how is that stability ensured and how important is the growth of exports for stability?
Thirlwalls Law Introduction
Ever wondered why some countries are rich and others poor Or why some people believe hard work results in upward mobility and others don t To answer these questions you need to see the world sociologically In this introductory sociology course we will explore the concerns of an interconnected global …
Global Sociology
This course is an introduction to the economic theories of financial crises It focuses on amplification mechanisms that exacerbate crises such as leverage fire sales bank runs interconnections and complexity It also analyzes the different perspectives on the origins of crises such as mistaken beliefs and moral hazard and discusses …
Financial Crises
Learn the basics of microeconomics including supply and demand of commodities and how equilibrium in the market affects price Joon Koo Lee edX Seoul National University
Introduction to Economics - Part 1: Microeconomics
This course offered by the International Monetary Fund (IMF) on edX provides an introduction in the major econometric tools used in standard Macroeconomics.
Macroeconometric Forecasting
Antoine Godin gives a bright, illustrated, introduction to agent-based, stock-flow-consistent modeling, with a clear focus on the agent-based aspect.
Introduction to Agent-Based Stock-Flow Consistent Modelling
This book introduces 40 critical pointers for those who wish to see the theory in a broader, more realistic context. The material is suitable for introductory and intermediate courses and can be included selectively by students for additional reading or in lectures or tutorials as discussion points. "Students of mainstream economics need a guide like this to help them understand the underlying assumptions, limitations and inbuilt biases of what they are studying. It helps them open their eyes to a broader view of how real economies work."
40 Critical Pointers for Students of Economics
Forecasting is required in many situations. Stocking an inventory may require forecasts of demand months in advance.
Forecasting: principles and practice
"Ecological economics is an exciting interdisciplinary field of study that combines insights from the natural sciences, economics, philosophy and other fields to develop innovative approaches to environmental problems.
Ecological Economics - A Introduction
This animated video explains gender responsive budgeting and how it is used to mainstream gender in governance planning and budgeting. The video has been pro...
What is Gender Responsive Budgeting
Robert Costanza briefly present various methods of environmental valuation, and talks about the changes in the global value of ecosystem services. He then introduces the major ecosystem services, and how different methods of valuation affect the preferred policies to address environmental issues.
Robert Costanza: Ecosystem Service Valuation
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