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1211 results
Sabel and Zeitlin present the persistence of small firms in Europe against the rise of mass production and modern enterprises Their article starts by analysing how mass production can be considered a historical necessity for the classical view as it is a highly specialized structure where man and machine can …
Historical Alternatives to Mass Production: Politics, Markets and Technology in Nineteenth-Century Industrialization
In this podcast, Laura Basu focuses on how capitalist markets and nation-states perpetuate structural racism.
Is capitalism racist?
Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam discuss the importance of industrial policy during the pandemic to improve domestic capacity for manufacturing essential goods.
Egypt's Past Industrialization Project: Lessons for the COVID-19 Crisis
Information and skills required to make more sustainable choices every day.
Sustainability in Everyday Life
We live in a world that is increasingly difficult to understand. It is not just changing: it is metamorphosing. Change implies that some things change but other things remain the same capitalism changes, but some aspects of capitalism remain as they always were. Metamorphosis implies a much more radical transformation in which the old certainties of modern society are falling away and something quite new is emerging.
The Metamorphosis of the World
An honest discussion of free trade and how nations can sensibly chart a path forward in today’s global economy.
Straight Talk on Trade
Despite the important methodological critiques of the mainstream offered by heterodox economics, the dominant research method taught in heterodox programmes remains econometrics.
Handbook of Research Methods and Applications in Heterodox Economics
Ecologcial economics conceptualizes our society as embedded within the environment and our economic system as embedded within society and the environment.
Is ecological economics for rebels? Accounting for natural resources
Maurizio Lazzarato’s War and Money explores the connections between capitalist expansion, international economic conflict, and war, via an analysis of the imperialism of the American dollar.
War and Money
In this refreshingly revisionist history, Erik Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment, rather than through free trade.
How Rich Countries Got Rich ... and Why Poor Countries Stay Poor
Those who control the world’s commanding economic heights, buttressed by the theories of mainstream economists, presume that capitalism is a self-contained and self-generating system.
Capital and Imperialism
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
What causes a recession? Told by economic historian John S. Gordon and visualized by a dancing performance, this short film focuses on emotions that are linked to recessions and recovery: fear and confidence.
Recession
The guides provide links to texts by Marx and Engels and present possible questions to discuss in study groups. The texts include Capial Volumes I – III, Economic & Philosophical Manuscripts or “Value, Price and Profit”.
Selected Marx-Engels Study Guides
Draw me the economy gives a short introduction in the measurement of the Gross Domestic Product and Purchasing Power Parity and comments on what needs to be taken into consideration when comparing countries and mentions some shortcomings of GDP as criterion of wealth.
What is gross domestic product?
How was money actually invented? Where does it come from? In this first episode of a video lecture, Dirk Bezemer from the University of Groningen presents the origins of money and how it's related to debt. It's a basic historical review and you can get an idea of how money is created and how banks work. The following episodes aim at giving an overview of the last debt crisis.
DEBT episode 1: Debt, a great invention
The sum of squares and degree of freedom calculation from the previous videos are put into a ratio to calculate the F Value, on whose basis the null hypothesis is confirmed or rejected. If variance is higher between samples than within the null hypothesis is more likely to be rejected. The results of a numerical example are interpreted more abstractly and then tested with regards to a confidence interval and the corresponding F table.
ANOVA 3: Hypothesis test with F-statistic
Based on a critique on econometric and DSGE models (in particular in the context of the financial crisis), Doyne Farmer presents his current research programme that aims at building an agent-based model of the financial and economic crisis. It models heterogeneous agents and from there simulates the economy, firstly for the housing market. The interview gives a short insight in the research programme.
Macroeconomics From the Bottom Up
Silvia Federici illustrates the potential of the concept of the commons as way of resistance and reorganization of the society in times of social injustice and ecological crisis. Amongst others, she outlines the role of women in the commons movement.
Federici explains why she regards the theory of the tragedy of the commons as unfounded and why she considers Marx's concept of primitive accumulation as still appropriate to describe current events of deprivation, such as land grabbing.
The Struggle for the Commons
First some terminology is explained. Then the interpretations of the coefficients and constants of the function are discussed. Afterwards the zero conditional mean assumption regarding the residual is problematized. Lastly, a graphical representation of a regression line is given and the least sum of squared errors is introduced and the equation for the coefficient of the linear function as well as for the intercept is given.
Econometrics // Lecture 2: "Simple Linear Regression" (SLR)
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.
Why We Can’t Afford the Rich
The author identifies three principal economic phenomena, which are explained: long run productivity growth as the central driver of increasing economic activity, short-term and long-term debt cycles. The latter two are explained to some detailed with reference to money creation, central banking and long term crisis tendencies. With regards to the long run debt cycle, which leads into deleveraging and recession, some policy measures which can smoothen the crisis are discussed.
How The Economic Machine Works
Does Karl Polanyi's work “The Great Transformation” serve to analyse the current multiple crisis and social movements? Nancy Fraser revises Polanyi's concept of a double movement to capture social forces in the aftermath of the economic crisis of the 1930s – on the one side marketization and on the other hand social protection. Fraser proposes to talk about a triple movement and to account for emancipatory struggles. In the lecture, she discusses interactions as well as conflicts between those three forces, in particular conflicting aims of social protection. The lecture presents the content of her paper “A TRIPLE MOVEMENT? Parsing the Politics of Crisis after Polanyi“ in the New Left Review (2013).
Crisis of Capitalism, Crisis of Governance: Re-reading Karl Polanyi in the 21st Century
This multimedia dossier is part of the series „Understanding Finance“ by Finance Watch and presents a description and critical review of financial markets and their functions. It furthermore discusses recent developments, as high frequency trading.
What kind of financial markets do we need?
The dossier first discusses the impact of colonialism on introducing foreign plants and thus disrupting ecosystems. Subsequently the case of the knotweed, a plant introduced from Japan to the UK and now considered a threat to biodiversity is explored. The complex economy built around the plant consisting of regulations, pesticides, experts, and landowners is then explored.
Knotweed – I-PEEL.org
The dossier explores the nature of care work and the gendered constructions and dichotomies that are associated with it. Drawing from feminist analysis the double burden, the undervaluation of feminised labour, the commodification of affective labour and the remittance economy are inquired into. Moreover, it is discussed how welfare regimes rely on the different organization of care work.
Care – I-PEEL.org
During his life, Keynes was credited with, amongst other things, with helping to save capitalism from the Great Depression, funding the war against the Nazis and building post-war decades of growth and rising prosperity. And when the global crisis struck in 2008, it was his ideas that the world's leaders turned to help avoid another depression.
Masters Of Money | John Maynard Keynes
This infographic gives a summary of the 2018 Trade Wars. This simple, compiled overview is suitable for those without a strong political or economic background.
The infographic explains briefly basic concepts related to trade and provides a short timeline of events. It furthermore checks Trump administration's arguments to launch the the trade war against facts and estimates of how the 2018 trade war can affect the global and North-American economy.
2018 Trade Wars Infographic
John Christensen from the Tax Justice Network addresses the Modern Monetary Theory idea that governments don't need tax revenues if they want to spend money. Doing so, he sums up the main points made by MMT proponents and their critics, and shows how MMT can be reconciled with another progressive economic narrative: "Modern Tax Theory". While MMT made valuable contributions to the policy debate on fiscal policy, it misrepresents the importance of taxation as a political matter and as a way to generate public revenues. This is where MMT steps in.
The Magic Money Tree: From Modern Monetary Theory to Modern Tax Theory
This episode of the Future Histories Podcast featuring Moira Weigel sets the development of digital capitalism and the right-ward shift in politics and society in relation to one another. It provides a masterful combination of ideology critique and polit-economic analysis grounded in comprehensive knowledge of the digital economy.
Moira Weigel on Palantir, Tech-Nationalism & Aggression in the Life-World
This course provides an introduction into the basic concepts of mainstream macroeconomics, including supply and demand in a competitive market, to all the usual introductory macroeconomic topics, and also to both international trade and the Foreign Exchange Market.
AP® Macroeconomics
In this 5 weeks online course, the Global Change Institute from the University of Queensland explains different types of climate change policies, the economic theory at their basis and the possible output. Starting from the fundamentals of carbon and climate change policies, and how they have been applied worldwide, the course aims to teach fundamental skills to move towards a low carbon economy.
MOOC: Essential tools for the low carbon economy
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