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1208 results
First some properties about the Sum of squared residuals and the linear regression function are restated. In particular three properties that an ideal fitted regression line must fulfill are discussed. Then, the R squared is defined using the measures of the Sum of squared residuals, the total sum of squares and the sum of explained squares.
Econometrics // Lecture 3: OLS and Goodness-Of-Fit (R-Squared)
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.
The Mainstream Obsession with Microfoundations and why it is an intellectual dead-end
Even if men were perceived as the main protagonists of the Greek crisis, the crisis had a deep impact on disadvantaged groups, in particular migrant women working as domestic labourers. The debate presents the particular impact on migrant women of the downturn and furthermore discusses how migrant struggles and other emancipatory movements impacted the politics of crisis. The first minutes of the video are in German, but the moderator switches to English.
Invisible women? Crisis, gender and migration in Greece 2015
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.
Takers and Makers: Who are the Real Value Creators?
Dani Rodrik, Professor of International Political Economy at Harvard's Kennedy School of Government, is teaching in this online session about the global rules under which the modern (free trade-focused) type of globalization operates and why, under such institutions, international community fails to deal with the climate change and pandemics.
Pandemics, Climate Change, and Global Economics: Where Did We Go Wrong in Globalization?
In this podcast 'How Economic Theory and Policy Reinforce Racism' William Spriggs, the AFL-CIO’s chief economist, discusses the inadequacies of the pandemic economic rescue package and the influence of mainstream economic theory. He further explores how mainstream economic theory continues to fail everyone, especially Black communities, by disregarding history.
How Economic Theory and Policy Reinforce Racism
Snow removal, ambulance transport, and school performance -the film aims at illustrating the principles of gender mainstreaming through concrete examples.
Sustainable Gender Equality - a film about gender mainstreaming in practice
The podcast explores the psychosocial implications of poverty in the society. Keetie Roelen investigates how the emotion of shame and policy-making are intertwined.
The Psychosocial Side of Poverty
Ricardo Hausmann says the new industrial policy is an information revelation process about the state of possibilities, the nature of the obstacles and figuring out whether you can sort out the obstacles so that these new activities can take over.
Industrial Policy: Love it or Hate it?
In this talk Robert Skidelsky analyses how sociology did and could enrich economic analyses, but also how critical sociological insights have been colonised by mainstream economics.
How Can Sociology Help Economics?
Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.
Economics for People
In this series of webinars, several researchers face different topics related to Degrowth. Money, health, Green New Deal, Anarchism, and many more.
Degrowth Talks
This collection of videos offers a short introduction to ecological economics and its main differences with respect to environmental economics.
Short lectures on ecological economics
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.
Tracing Primary Commodity Export Dependence
In this teaching pack, we look at the acquisition of Twitter by Elon Musk. In particular, we focus on what it means to take a company private and how the deal was financed.
Musk buys Twitter
In this teaching pack, we look at the acquisition of Twitter by Elon Musk. In particular, we focus on what it means to take a company private and how the deal was financed.
Musk buys Twitter
The keynote argues that traditional macroeconomic models relying on perfectly rational representative agents (e.g., DSGE models) are fundamentally flawed, as they ignore human limitations, behavioral diversity, and aggregation complexities.
Towards Pluralism in Macroeconomics?
John Maurice Clark’s article “The Changing Basis of Economic Responsibility,“ published in the Journal of Political Economy, is the topical starting point for all scholars interested in economic responsibility and responsible economic action.
Economic Responsibility
Understanding the American stock market boom and bust of the 1920s is vital for formulating policies to combat the potentially deleterious effects of busts on the economy.
The Great Crash of 1929
The Austrian tradition in economic thought had a profound influence on the development of post-war economics including neoclassical orthodoxy, game theory, public choice, behavioral economics, experimental economics and complexity economics.
Explorations in Austrian Economics
Principles of Macroeconomics by Howard J. Sherman and Michael A. Meeropol differs from other texts in that this book stresses far more the inherent instability of the macro-economy.
Principles of Macroeconomics
For intermediate courses in economics. A Unified View of the Latest Macroeconomic Events Macroeconomics, Blanchard presents a unified, global view of macroeconomics, enabling readers to see the connections between goods, financial markets, and labor markets worldwide.
Macroeconomics
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
Regression Analysis: A Constructive Critique identifies a wide variety of problems with regression analysis as it is commonly used and then provides a number of ways in which practice could be improved.
Regression Analysis
The U.S. economy today is confronted with the prospect of extended stagnation. This book explores why. Thomas I. Palley argues that the Great Recession and destruction of shared prosperity is due to flawed economic policy over the past thirty years.
From Financial Crisis to Stagnation
According to Karl Marx, work should satisfy people and encourage creativity. But the capitalist production, the separation of labour and the exploitation of workers alienates them from their products.
Karl Marx on Alienation
Critique of neoclassical economics is presented and contrasted with the more realistic assumptions made by an complex adaptive systems and evolutionary approach.
Complexity Science: 11 Complexity Economics
A multimedia dossier outlining the relevance and the history of the shipping container for global trade and supply chains.
Container – I-PEEL.org
"Learn why cities are key in resolving global urbanization and sustainability challenges and how you can engineer tomorrow’s cities today."
Sustainable Urban Development
Philosopher and political economist John Stuart Mill laid several foundations for liberal thinking, amongst others with the harm principle: everyone should be given the individual freedom - and not be hindered by e.g. state intervention - to act as s/he wants as long as no other person is harmed by this action. A short insight in his book On Liberty.
The Harm Principle: How to live your life the way you want to
The historical situation of low interest rates after the Fed's response to the 2001 crisis alongside with huge foreign money inflow to the US are presented as the historical context in which subprime lending and financial instruments like CDOs and CDS evolved. Then those instruments as well as the concept of leverage are explained briefly.
The Crisis of Credit Visualized
What is the working class under present circumstances and in particular in urban lives? David Harvey explains how the concept of the working class is still suitable for the current organization of work – even if working conditions changed, now being more service-oriented and diffused. Harvey further discusses how this diffused working class can organize via urban neighbourhoods.
The Revolutionary Class Today
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