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This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how institutions create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.
2012
Level: advanced
Monetary Economics
The current international financial system has created a huge gap between the wealthy and the rest. Grounded and straightforward in his approach, Brahm calls for a turn away from economic systems dangerously steeped in ideology and stymied by politics, outlining a new global consensus based on pragmatism, common sense, and grass-roots realities.
2014
Level: advanced
Fusion Economics
Designed to give second-year undergraduates an intuitive understanding of basic mathematical techniques, and when and why they are applicable. Building on the traditional framework of calculus, the notion of a concave function is used to link the new algebraic methods with the more familiar graphical approachoand to introduce the modern use of duality in economic analysis.
1984
Level: advanced
Mathematics for Modern Economics
The human imprint on the biosphere has become so pronounced in recent years that there has been talk of a new geological era, the 'Anthropocene'.
2012
Level: advanced
Towards an Integrated Paradigm in Heterodox Economics
Transition from central planning to a market economy, involving large-scale institutional change and reforms at all levels, is often described as the greatest social science experiment in modern times.
2013
Level: advanced
Handbook of the Economics and Political Economy of Transition
This book presents a methodological framework for the analysis of intercultural issues frequently misinterpreted by existing theories. It uses a challenge-and-response theory of cultural development to examine the relationship between different natural disasters and threats and the developments of ancient civilizations.
2012
Level: beginner
Introduction to Intercultural Economics
Readers of economic and political theory as well as students of economic planning will appreciate this classic, now available for the first time in English. Written eighty years ago, when Sorel became disillusioned with the official socialism of the German and French Marxist parties, this new translation presents Sorel's analysis of the rise and fall of the two great modern ideologies: socialism and liberal capitalism.
2017
Level: advanced
Social Foundations of Contemporary Economics
"Energy issues have always been important in international relations, but in recent years may have become even more important than in the past due to the widespread awareness of existing limits to energy sources and negative climate impacts. The course discusses global trends in energy consumption and production, various available scenarios for potential developments in the coming decades, the availability of oil reserves and the evolution of the oil industry. It then discusses natural gas and highlights the differences between oil and gas. It will also discuss renewable energy sources, nuclear energy and EU energy policy. The course aims at providing students whose main interest is in international relations a background on energy resources, technology and economic realities to allow them to correctly interpret the political impact of current developments. It also aims at providing students, who already have a technical background in energy science or engineering, with the broad global view of energy issues that will allow them to better understand the social, economic and political impact of their technical knowledge."
Level: beginner
Politics and Economics of International Energy
Has neoliberalism destroyed gender equality Advocate author and broadcaster Beatrix Campbell examines the emergence of a new model of patriarchy and proposes solutions Beatrix Campbell iai
Level: beginner
End of Equality
Neoliberalism is dead. Again. After the election of Trump and the victory of Brexit in 2016, many diagnosed the demise of the ideology of Margaret Thatcher, Ronald Reagan, Augusto Pinochet, and the WTO. Yet the philosophy of the free market and the strong state has an uncanny capacity to survive and even thrive in crisis.
2020
Level: advanced
Nine Lives of Neoliberalism
In the first intellectual history of neoliberal globalism, Quinn Slobodian follows neoliberal thinkers from the Habsburg Empire’s fall to the creation of the World Trade Organization to show that neoliberalism emerged less to shrink government and abolish regulations than to deploy them globally to protect capitalism.
2020
Level: beginner
Globalists
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.
2018
Level: beginner
The CFA Franc Zones: Neocolonialism and Dependency
Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore proposes to revise the insights of Minsky's financial instability hypothesis, combining it with the Keynesian theory of the monetary circuit to answer many questions in modern economy.
2020
Level: advanced
Fighting Neoliberalism with Keynes & Minsky?
This is the first intermediate microeconomics textbook to offer both a theoretical and real-world grounding in the subject. Relying on simple algebraic equations, and developed over years of classroom testing, it covers factually oriented models in addition to the neoclassical paradigm, and goes beyond theoretical analysis to consider practical realities.
1999
Level: advanced
Intermediate Microeconomics
In this radio interview, Andrew Sayer first outlines some features of neoliberalism and policies that are associated with it. Then a difference between wealth creation via investment and wealth extraction by means of lending money to those deprived of it or by acquiring property such as real estate or financial assets on the secondary market as absentee owner is established. In this context reference is made to J.A. Hobson's concept of "improperty." Finally, there are some words on the power dynamics associated with capitalism and its relation to climate change.
2015
Level: beginner
Why We Can’t Afford the Rich
Keen first compares neoclassical approaches to modelling with heterodox ones. Then he discusses in length the required assumptions and the inconsistencies of the aggregate demand and supply model, which is extrapolated from a micro perspective. At the end some dynamic models with feedback mechanisms are shown.
2016
Level: advanced
The Mainstream Obsession with Microfoundations and why it is an intellectual dead-end
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
In her short contribution, the author questions how the value of goods and services is shaped in current neoclassical teaching. She criticizes the principle of pricing based on marginal income. She discusses what can be called wealth generating, what kind of wealth we need and points out a lack of a value theory.
2018
Level: advanced
Takers and Makers: Who are the Real Value Creators?
In this podcast, Professor Darrick Hamilton critically discusses how current neoliberal economic models uphold a systemically racially unjust structure of economies.
2020
Level: beginner
EQUALS: Racism, Rebellions and the Economy
Industrial policy has been a central part of policy prescription by many heterodox schools arguably since mercantilism, but the theories behind it and types of policy advocated for have evolved over time. Recently some neoclassical economists have shown renewed interest in it, but is this mainstream acceptance a step back or a step forward from earlier heterodox ideas?
2021
Level: beginner
Industrial policy
In this article, Tetteh Hormeku-Ajei and Camden Goetz discuss the ongoing impacts of colonialism on Africa’s natural resources.
2021
Level: beginner
A History of Resource Plunder
Within the heterodox field one of the most active topics is related to the theory of economic growth and distribution This is a textbook for advance undergraduate and graduate students Throughout its 18 chapters Classical Neoclassical and post Keynesian models are developed Each chapter contains study problems and suggested readings …
2019
Level: expert
Growth and Distribution
This is an important contribution both to advancing theoretical and empirical understandings of African monetary sovereignty and to putting problems and possibilities relating to African monetary sovereignty on the political agenda This is of utmost importance given that these issues have largely not received much attention in contemporary discussions of …
2021
Level: advanced
Economic and Monetary Sovereignty in 21st Century Africa
In Colonial Debts Rocío Zambrana develops the concept of neoliberal coloniality in light of Puerto Rico's debt crisis. Drawing on decolonial thought and praxis, Zambrana shows how debt functions as an apparatus of predation that transforms how neoliberalism operates.
2021
Level: advanced
Colonial Debts
Foreign exploitation of economic crises in the developing world has been a central claim of neoliberal critics. This important and recurring international theme is the subject of closer scrutiny in this new collection, where contributors offer competing interpretations of the interaction between international and domestic forces after crises.
2008
Level: advanced
Power and Politics after Financial Crises
Der Kurs richtet sich an Interessierte, die einen Überblick über gängige Modellierungsansätze in der Makroökonomik erhalten wollen. Dabei habe ich versucht, Ansätze aus unterschiedlichen Paradigmen zu berücksichtigen, notwendigerweise auf Kosten einer gewissen Tiefe bei den einzelnen Modellierungsframeworks. Der Kurs setzt ein gewisses mathematisches Grundverständnis voraus, sollte aber für fortgeschrittene Bachelor-Studierende der Ökonomik und Master-Studierende von interdisziplinären Studienprogrammen gut geeignet sein. Die Themenauswahl ist natürlich notwendigerweise selektiv. Der erste, größere Abschnitt diskutiert Modelle für wirtschaftlichen Wandel in der langen Frist (Wachstumsmodelle). Der zweite, kürzere Abschnitte behandelt dann Modelle, welche versuchen eine langfristige mit einer kurzfristigen Perspektive zu verbinden.
2021
Level: advanced
Makroökonomische Modelle - Ein multiparadigmatischer Überblick
Feminist economist Nancy Folbre presents a historical analysis of the interrelated development of Patriarchy and Capitalism. She describes the role of women in the reproduction of labour, their “specialization” in care and their changing involvement in the labour market. Folbre argues that capitalism weakens patriarchy but at the same time relies on unpaid caring activities.
2010
Level: beginner
Women's Work and the Limits of Capitalism
Antoine Godin gives a bright, illustrated, introduction to agent-based, stock-flow-consistent modeling, with a clear focus on the agent-based aspect.
2016
Level: advanced
Introduction to Agent-Based Stock-Flow Consistent Modelling
Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, discusses the role of the state in Africa during the COVID-19 pandemic.
2020
Level: beginner
The Central Role of the State in Responding to COVID-19
Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, provides insight on the history of primary commodity export dependence in Africa, and relates it to the difficulties African governments are facing finding necessary resources to tackle the COVID-19 pandemic.
2020
Level: beginner
Tracing Primary Commodity Export Dependence
Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam explain how early post-independence Egypt sought economic independence via industrialization.
2020
Level: advanced
Achievements of Egypt’s Industrialization Project
In this article, Jihen Chandoul discusses the importance of food sovereignty in Africa, reflecting on the continent’s early post independence movements for self sufficiency.
2021
Level: beginner
Food and the Struggle for Africa’s Sovereignty

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