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The bestselling classic that examines the history of economic thought from Adam Smith to Karl Marx—“all the economic lore most general readers conceivably could want to know, served up with a flourish” (The New York Times). The Worldly Philosophers not only enables us to see more deeply into our history but helps us better understand our own times. In this seventh edition, Robert L. Heilbroner provides a new theme that connects thinkers as diverse as Adam Smith and Karl Marx.
1999
Level: beginner
The Worldly Philosophers
In this article, Rob Hoveman breaks down concepts like historical materialism and materialist analysis that are pivotal to understand Marx. He argues that abstractions are necessary for a concrete analysis of society that in turn should inform political practice.
2018
Level: advanced
Marx and historical materialism
The authors analyse the role and effects of the US dollar as factual global reserve currency. They demonstrate that a flight into the dollar creates adverse effects for the global economy as it represents a tightening of financial conditions.
2021
Level: advanced
Dollar dominance and the international adjustment to global risk
The piece describes some of the effects that Nixon's decision to delink the dollar from gold in the 1970s had for the relationship between the IMF and its member states. A focus is on the negative effects of this change on societies in the Global South.
2021
Level: beginner
Nixon’s decision to delink the dollar from gold still hounds the IMF, South Africa and Africa
This is a hands on four chapter course to learn how to better understand and act when faced with complex situations By the end of the course students will be able to take a story from the news describe what makes the situation complex and identify opportunities for effective action …
Level: beginner
Thinking Complexity
This lecture of the anthropologist David Graeber gives a brief introduction to the thoughts of his 2011 published book Debt: The First 5000 Years.
2012
Level: beginner
Debt: The First 5,000 Years
This panel was part of the conference "Next Generation Gentral Banking - Climate Change, Inequality, Financial Instability" 03. - 05.02.2021.
2021
Level: advanced
NextGen Central Banking: Central Banking Beyond Inflation
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 …
2021
Level: beginner
Understanding Crises - What to take from here for better policy advice in the future?
In this lecture, Sanjay Reddy reviews the work of János Kornai, especially his critique of the socialist system, which is rooted in his understanding of the eminently political character of socialism.
2020
Level: beginner
János Kornai's Critique of the Socialist System
The Elgar Companion to Feminist Economics is the first comprehensive reference work introducing readers to the field of feminist economics. It includes 99 entries by 88 authors.
1999
Level: advanced
The Elgar Companion to Feminist Economics
A Heterodox Approach to Economic Analysis This important new book introduces students to the fundamental ideas of heterodox economics presented in a clear and accessible way by top heterodox scholars It offers not only a critique of the dominant approach to economics but also a positive and constructive alternative Students …
2016
Level: advanced
An Introduction to Macroeconomics
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 …
Level: beginner
Behavioral Investing
Galbraith gives an overview of economic history from the 18th century until the end of the 19th century covering issues such as the industrial revolution the enclosure of the Scottish highlands the Irish famine and the colonization of North America Additionally the ideas of economists such as Smith Ricardo Malthus …
Level: beginner
The Age of Uncertainty Episode 1 - The Prophets and Promise of Classical Capitalism
Ernest Mandel, a heterodox Marxist economist, shows here how a political economist can analyse systems such as the Soviet Union.
1968
Level: advanced
The Nature and Economy of the Soviet Union
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
The effects of the 2020 pandemic on the Latin-American region: a thorough before-after analysis.
2020
Level: beginner
COVID-19 and Economic Development in Latin America
The background for the present elaboration is twofold firstly the ongoing debate about whether the Marxian theory of value has been damaged or even destroyed by the alleged impossibility of solving the transformation problem and secondly the fact that almost all of the later economic manuscripts of Marx are now …
2020
Level: advanced
A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model
This part is devoted to simulation experiments based on the simulation model developed in part I from the value theoretic reconstruction of the main parts of Marx s critique of Political Economy After introducing the main parameters and the range of their variation Section 1 a singular run as well …
2020
Level: advanced
A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model Part II
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 …
2021
Level: beginner
On climate, jobs and financial stability: Towards a new mandate for central banks?
In this short video, John Holmwood problematizes Marxian Economics from a post-colonial perspective.
2021
Level: advanced
Marx: Colonialism, Class and Capitalism
This lecture was held in the context of the a two day conference called Which pluralism for thinking about how to achieve a more sustainable and resilient economy The practices institutions and system logics of today s economy are not suitable for appropriately addressing fundamental human needs The climate crisis …
2021
Level: beginner
Real Economic Analysis - A Theoretical and Empirical Alternative to Economic Orthodoxy
This lecture was held in the context of the a two day conference called Which pluralism for thinking about how to achieve a more sustainable and resilient economy The practices institutions and system logics of today s economy are not suitable for appropriately addressing fundamental human needs The climate crisis …
2021
Level: beginner
Decolonizing Structuralsim - Integrating Dependency and Postcoloniality
Post-Colonialisms Today researcher Chafik Ben Rouine looks to Tunisia’s post-independence central banking method to provide insight on what progressive monetary policy can look like.
2020
Level: beginner
Monetary Policy for Development, During and Beyond Crisis
To celebrate the forthcoming book A brief history of Economic Thought From the Mercantilists to the Post Keynesians edited by Louis Philippe Rochon and Hassan Bougrine Edward Elgar Louis Philippe Rochon sat down with celebrated author and scholar Sergio Rossi to discuss his contribution Milton Friedman and the Monetarist School …
2022
Level: beginner
A Video-Chat with Sergio Rossi: Milton Friedman and the Monetarist School
Photo by timJ on Unsplash Do you wish to know how to analyze and solve business and economic questions with data analysis tools Then Econometrics by Erasmus University Rotterdam is the right course for you as you learn how to translate data into models to make forecasts and to support …
Level: advanced
Econometrics: Methods and Applications
Is inflation just a number game or does it hold deeper societal implications? Join Isabella Weber (@UMass.Amherst) as she challenges traditional economic stances on inflation and delves into the social dimensions of pricing. Discover how context shapes our reactions to price hikes and why understanding this can be a game-changer.
2023
Level: beginner
Sellers Inflation
This dossier gives an overview of the functions and the nature of money. The concept of Islamic finance is briefly explored, too.
2015
Level: beginner
The Nature of Money
A concise introduction to Marx's Labour Theory of Value, the three ratios and the falling rate of profit hypothesis.
2009
Level: beginner
Marx's Theory of Economic Crisis
Donald Trump won in 2016 largely because enough voters in three states, all in the Rustbelt, which had voted for Barack Obama in both 2008 and 2012, switched their electoral votes from Democratic to Republican.
2019
Level: beginner
The Rise of Trumpism
David Harvey illustrates the five most common narratives on why the financial and economic crisis took place – from human frailty to policy failure.
2010
Level: beginner
RSA ANIMATE: Crises of Capitalism
In this video, Rajan Raghuram highlights ‘A hereditary Meritocracy’. He identifies the “limitations” with the current economic systems of democracy and markets.
2019
Level: beginner
A Hereditary Meritocracy
In this tenth lecture in INET’s “How and How Not to Do Economics,” Robert Skidelsky argues that there are two main reasons why economists should study history.
2019
Level: beginner
Economic History

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