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1138 results
The main goal of this website is to provide freely accessible resources on heterodox economics and examples of how it can be applied in Uganda’s context—and by extension, sub-Saharan Africa and the global South in general.
Open Economics Uganda (OEU)
This paper presents an inquiry into the observed results when governments have implemented one or other type of (opposed) economic policy prescribed in economics to reverse the consequences of a global economic crisis.
Fiscal austerity vs. expansionary fiscal policy: on the results of these opposed economic policies applied to fight recessions
How do we transform societal structures and pave the way to economic democracy?
Solidarity Economics
Aaron Benanav argues that despite the hype, generative AI is unlikely to spark a revolutionary transformation of the economy.
Is the AI Bubble About to Burst?
This essay argues that our dominant economic narrative—rooted in private property, competition, growth for growth’s sake, and the assumption that self-interest drives progress—has led humanity and the planet into an existential crisis.
Economics for the People
In the first installment of a major two-part essay, Aaron Benanav develops a framework for democratic economic planning as an alternative to capitalist markets. He critiques the "single-criterion" logic of capitalism—efficiency and profit—and proposes a multi-criteria economy centered on social and ecological well-being.
Beyond Capitalism I
In the concluding part of his essay, Aaron Benanav transitions from theoretical principles to the institutional design of a post-capitalist society. He introduces the concept of a "Socialist Investment Council" as a decentralized, democratic alternative to the market’s blind allocation of resources.
Beyond Capitalism II
An introductory course on Game Theory
Game Theory
The world is still feeling reverberations from the financial crisis of 2008 foreseen by neither politicians nor economists The history of capitalism has been punctuated by major crises exposing the fragility of our entire economic system How has capitalism despite these ruptures managed to each time resurface more resilient and …
The Global Financial Crisis
The course approaches migration as a constant phenomenon in human history and examines its main supporting theories It illustrates theories about people s individual decisions to migrate and also the factors of migration as a structural feature of our societies It explains the role social networks and institutions play in …
Why Do People Migrate? Part 2: Theories
Identify the historical and cultural systems driving globalization and changing societies around the world.
Age of Globalization
This course will focus on the emergence and evolution of industrial societies around the world We will begin by comparing the legacies of industry in ancient and early modern Europe and Asia and examining the agricultural and commercial advances that laid the groundwork for the Industrial Revolution of the 18th …
Global Perspectives on Industrialization
This statistics and data analysis course will introduce you to the essential notions of probability and statistics We will cover techniques in modern data analysis estimation regression and econometrics prediction experimental design randomized control trials and A B testing machine learning and data visualization We will illustrate these concepts with …
Data Analysis for Social Scientists
Money is the fantasy that makes the world go round. Where did it come from and what is its future? From the Bank of England to Bitcoin and the Bristol Pound, LSE sociologist Nigel Dodd explores.
The future of money
Understanding the financial crisis from four very different economic theories: Social Economics, Institutional Economics, Post Keynesian economics.
Economics from a pluralist perspective
In a span of around 12 weeks, the course covers a wide range of topics including agent-based modeling, networks, dynamic, chaos, information, fractals, cooperation models and scaling in biology and society. The course acts as a perfect beginner level introduction spanning a wide range of topics in the field of complexity.
Introduction to Complexity
This lecture offers a general and introductory overview of the theory of racial capitalism, focusing on the origins of racial capitalism and some of the debates it has generated.
Introduction to Racial Capitalism
Why is money more valuable than the paper on which it is printed Monetarists link the value of money to its supply and demand believing the latter depends on the total value of the commodities it circulates According to Prabhat Patnaik this logic is flawed In his view in any …
The Value of Money
The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a 'pluralistic' heterodox perspective.
Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics.
The Routledge Handbook of Heterodox Economics
Though apparently siblings from the same family, New Keynesianism and Post-Keynesianism are completely different schools of economic thought. As to why and in what regard exactly, that is what this book is all about. While the former is the official label of the current mainstream in economic research and teaching (rather than neoclassic economics, which would be more apt a term), the latter tries to preserve the original thinking of John Maynard Keynes, but also additional ideas and concepts of all those building on his work.
Introduction to Post-Keynesian Economics
This book is about history of monetary economic thought. From the 18th century with Hume and Smith to the early 20th, the author explains the different schools of thought regarding the monetary theories and policies and specially the central banking theory.
Monetary Theory and Policy from Hume and Smith to Wicksell
Mainstream economics was founded on many strong assumptions. Institutions and politics were treated as irrelevant, government as exogenous, social norms as epiphenomena. As an initial gambit this was fine. But as the horizons of economic inquiry have broadened, these assumptions have becomehindrances rather than aids.
Prelude to Political Economy
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
Islamic finance's phenomenal growth owes to the Shariah compliant nature of its financial instruments. Shariah forbids the charging of interest (Riba) and instead promulgates risk-sharing and trade-based modes of financing. The Islamic financial industry has been subject to both critique and admiration. Critics argue that Islamic instruments (bearing debt-based structures) differ from their conventional counterparts only in legal lexicon and not in economic impact.
Rethinking Islamic Finance
This brief responds to the criticism that mainstream economics is currently facing due to its heavy reliance on models and narrow range of quantitative research techniques. It takes a broader view, identifying issues that are also relevant for heterodox and pluralist approaches to economics.
Rethinking Economics
Some economic events are so major and unsettling that they “change everything.” Such is the case with the financial crisis that started in the summer of 2007 and is still a drag on the world economy. Yet enough time has now elapsed for economists to consider questions that run deeper than the usual focus on the immediate causes and consequences of the crisis.
Rethinking the Financial Crisis
The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser.
The Oxford Handbook of Austrian Economics
The current global financial system may not withstand the next global financial crisis. In order to promote the resilience and stability of our global financial system against future shocks and crises, a fundamental reconceptualisation of financial regulation is necessary. This reconceptualisation must begin with a deep understanding of how today's financial markets, regulatory initiatives and laws operate and interact at the global level.
Reconceptualising Global Finance and its Regulation
'Impressive... provides a very good compendium of what are usually classified as "heterodox" development economics... an excellent volume.' Journal of International Development This important new collection tackles the failure of neoliberal reform to generate longterm growth and reduce poverty in many developing and transition economies.
Rethinking Development Economics
Taking as its starting point the interdependence of the economy and the natural environment, this book provides a comprehensive introduction to the emerging field of ecological economics.
Ecological Economics
The world of economics is changing. Years of turmoil in the global economy mean that nothing will ever be quite the same again. This is the starting point and theme of this radically revised Economist books classic.
The Economist: Economics 4th edition
This book arose from our conviction that the NNS-DSGE approach to the analysis of aggregate market outcomes is fundamentally flawed. The practice of overcoming the SMD result by recurring to a fictitious RA leads to insurmountable methodological problems and lies at the root of DSGE models’ failure to satisfactorily explain real world features.
Macroeconomics from the Bottom-up
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