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1014 results
In this book, Kalyan Sanyal reviews the traditional notion of capitalism and propounds an original theory of capitalist development in the post-colonial context. In order to substantiate his theory, concepts such as primitive accumulation, governmentality and post-colonial capitalist formation are discussed in detail.
Rethinking Capitalist Development
This collection of previously published and new papers is a major intervention in the on-going debate about the nature and future of economics. Instead of the present deductivist-formalist orientation of mainstream economics, Lars Syll advocates for the adoption of a more pluralist approach to economics, arguing for more realism and relevance with less insistence on mathematical modeling.
On the Use and Misuse of Theories and Models in Mainstream Economics
The second edition of International Political Economy continues to be the perfect short introduction to the fundamental theories and issues of international political economy (IPE).
International Political Economy
Through this course you will learn how individuals and firms make financial decisions and how those decisions might deviate from those predicted by traditional financial or economic theory We will explore the nature of these biases and their origins using insights from psychology neurosciences and experimental economics on how the …
Behavioral Investing
The relationship between race and capitalism is one of the most enduring and controversial historical debates. The concept of racial capitalism offers a way out of this impasse.
Histories of Racial Capitalism
The Currency of Politics explains why only through greater awareness of the historical limits of monetary politics can we begin to articulate more democratic conceptions of money.
The Currency of Politics
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
Why the war in Ukraine does not jeopardise the dollar's reserve currency status
The world is regularly shaken by crises some are bigger others are smaller in scope Local turmoil military conflicts commodity scarcity bank runs health threats the history of mankind can be written as a history of crises Three major global crises occurred in the last fifty years alone the oil …
Understanding Crises - What to take from here for better policy advice in the future?
In this article, Hannah Ritchie presents the data we need to understand the scale of their contribution, and which countries are most reliant on Ukraine for their food supplies.
How could the war in Ukraine impact global food supplies?
Rethinking Regulation of International Finance encapsulates the most important aspects of the development and operation of the international financial system. This book questions the fundamental basis of the existing international financial architecture (soft law) and explores the need for a compliance-based model based on legitimacy of regulations and accountability of the regulatory bodies in international financial stability.
Rethinking Regulation of International Finance
Neoclassical Economics imposed itself over the past decades as the core of mainstream economics, largely influencing academia and policy making.
Clips on Climate: Neoclassical Economics
This content submission has two parts: (1) a link to the post by Wolf Richter on deterioration of US subprime credit card debt and loans, driven in part by the overuse of hedonic quality adjustments in the Consumer Price Index (CPI) used by the US Bureau of Labor Statistics, and (2) to introduce Exploring Economics to the website Naked Capitalism, which is an effort to promote critical thinking through the medium of a finance and economics blog and fearless commentary.
What’s Behind the Subprime Consumer Loan Implosion?
These notes aim to clarify some basic features and implications of gross capital flows In the context of the 2007 08 Global Financial Crisis and the 2010 12 Eurozone Crisis trade imbalances and capital flows received a lot of attention from academics policymakers and the media However there is still …
Gross capital flows and the balance-of-payments: a balance sheet perspective
Teaching the public about lobbying and its effects on financial institutions that help run the economy in which we all live and use.
Is lobbying bad for the economy?
Prof. Robert Guttmann looks at the current transformation of the international world order through the lenses of global money and finance.
Multipolar Capitalism
Nancy Fraser starts out by introducing the multidmiensional cirises of the 21st century Three dimensions are especially alarming to her the ecological the financial and social aspects of the crisis Fraser then revives the ideas of Karl Polanyi which he first presented in his 1944 book The great transformation She …
Can societies be commodities all the way down?
In this book, Blakely tells us a story of the class nature of capitalism, in which she centers the role of the financial sector and its rapid growth.
Stolen
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Marx's approach to economics: a claim for subjective praxis
Dani Rodrik reflects in this book on important questions about how economics works and what might be wrong with it. He points out flaws and weakness of the discipline, but also argues that certain criticisms which have brought forward against are without merit. His central point is that there is not just one economic model, but a variety of them and it is important to apply judgment when selecting the most suitable one for a particular situation.
Economics Rules
What do modern academic economists do? What currently is mainstream economics? What is neoclassical economics? And how about heterodox economics? How do the central concerns of modern economists, whatever their associations or allegiances, relate to those traditionally taken up in the discipline?
Essays on the Nature and State of Modern Economics
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
As part of the 2019/2020 Exploring Economics Experience, one of our supporters Prof. Steve Keen gave a presentation to our editorial team. Read more
The foundations of monetary macroeconomics - Steve Keen | Exploring Economics Global Lecture
More than a century after Hartley Withers's "The Meaning of Money" and 80 years after Keynes's "Treatise on Money", the fundamentals of how banks create money still needs explaining and this book meets that need with clear exposition and expert marshalling of the relevant facts.
Where Does Money Come From?
The world has changed dramatically in recent years and so has the field of economics, but many introductory economics textbooks have remained stuck in the past. This book provides a new beginning for the study of macroeconomics, fundamentally international in its approach and emphasizing current debates and research trends.
Macroeconomics
Since 2007, central banks of industrialized countries have counteracted financial instability, recession, and deflationary risks with unprecedented monetary policy operations. While generally regarded as successful, these measures also led to an exceptional increase in the size of central bank balance sheets. The book first introduces the subject by explaining monetary policy operations in normal times, including the key instruments (open market operations, standing facilities, reserve requirements, and the collateral framework).
Monetary Policy Operations and the Financial System
Financial Evolution at the Speed of Thought A new evolutionary explanation of markets and investor behaviorHalf of all Americans have money in the stock market yet economists can t agree on whether investors and markets are rational and efficient as modern financial theory assumes or irrational and inefficient as behavioral …
Adaptive Markets
There was a time when the world still seemed a good and above all simple place for monetary authorities Every few weeks they had to decide whether in view of the latest price developments it would be better to raise the key interest rates by a quarter point or not …
On climate, jobs and financial stability: Towards a new mandate for central banks?
This timely book answers the question of whether central banks should specifically target the stability of financial systems and if so, what kind of policies should be adopted to prevent or mitigate financial instability.
Central Banking, Monetary Policy and Financial In/Stability
Richard Werner touches on a number of topics in this Odd Lots Podcast episode. As one of the pioneers when it comes to money and credit creation, he gives interesting insights into his early research on this topic. He then explains what he calls the “Quantity Theory of Credit” and is an alternative to the "Quantity Theory of Money".
Japanification, Quantitative Easing, money creation and Re-Igniting the U.S. Economy
Drawing on Gramsci s Marxist Political Economy Mike Davis situates the War in Ukraine within the general condition of a crisis of capitalist hegemony The key argument is that the pathological and violent situation that we are finding ourselves in today is an expression of the inability of both global …
Thanatos Triumphant
This report to the DEFRA summarizes the main approaches, opportunities and difficulties that come with individual carbon trading.
A Rough Guide To Individual Carbon Trading
Finance. Climate. Food. Work. How are the crises of the twenty-first century connected?In "Capitalism in the Web of Life", Jason W. Moore argues that the sources of today's global turbulence have a common cause: capitalism as a way of organizing nature, including human nature.
Capitalism in the Web of Life
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