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1204 results
Steve Keen provides an alternative view on Macroeconomics before and after the crisis and outlines different macroeconomic fallacies.
Advanced Political Economy Lectures
In this article, the Harvard Business Review recognizes the arguments of the Degrowth vision and gives examples of businesses that have thrived following its precepts. The authors suggest three strategies that firms should put into action to be at the forefront of this movement. The article also gives a brief overview of what the degrowth is about and its main criticisms.
Why "De-Growth" Shouldn't Scare Businesses
Mark Carney explains how we have come to esteem financial value over human value and how we have gone from market economies to market societies, how economic theory foundation affect the society as a whole, how we understand our world today and ultimately how this affects our lives.
How We Get What We Value
The historian Nicholas Mulder talks about the Western sanctions against Russia in the context of the Ukraine Crisis. He explains that the current sanctions are unprecedented in terms of size, speed and scope, expected consequences as well as potential drawbacks and problems.
Can Sanctions Stop Russia?
The blog post by Marc Lavoie contrasts what he perceives as the two main interpretations of the current inflationary tendencies (the 'excessive demand inflation' story and the 'profit inflation' story) and contrasts them with a third interpretation. This interpretation acknowledes rising profits but argues in favor of a different mechanism that centers on changes in the relative composition of costs.
Some controversies in the causes of the post-pandemic inflation
In this first episode of the anti-recommendation podcast "If books could kill"-Podcast, the hosts Michael Hobbes and Peter Shamshiri point out some of the countless flaws of "Freakonomics", critising its shallowness, oversimplification and leaning towards a conservative reading of some large societal issues.
Freakonomics
Alvin Roth and Lloyd Shapely won the Nobel Memorial Prize in Economic Sciences for their work on market design back in 2012, but it is a field that is still underrepresented in economics education. All markets have rules, and how these rules are set influence how the market functions.
The economics of legalising cannabis
So, what does racism have to do with our 21st century economic system? How can we understand institutions who uphold racism while claiming to value diversity and inclusion? And what does it mean to truly be anti-racist?
New Economics Podcast: Why antiracism means anticapitalism
This book provides a blueprint for those interested in teaching from a pluralist perspective, regardless of ideology. It provides educators, policy makers and students with helpful suggestions for implementing pluralism into pedagogy, by offering detailed suggestions and guidelines for incorporating pluralist approaches tailored to specific individual courses.
The Handbook of Pluralist Economics Education
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
In the last half century, economics has taken over from anthropology the role of drawing the powerful conceptual worldviews that organize knowledge and inform policy in both domestic and international contexts. Until now however, the colonial roots of economic theory have remained relatively unstudied. This book changes that.
Postcolonialism Meets Economics
In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the "great transformation" of the Industrial Revolution.
The Great Transformation
The 2007-2010 economic crisis has profoundly shaken the foundations of mainstream financial economics. The apparent falsification of core concepts such as risk diversification, informational efficiency and valuation efficiency by an unexpected course of events has revealed the need to redefine the objectives and direction of research today.
After the Crisis
This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how institutions create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.
Monetary Economics
This article makes a necessary connection between economics as an academic discipline and recent events surrounding sexual harassment in the workplace. To get justice, targets must show measurable harm: economists can help.
$MeToo: The Economic Cost of Sexual Harassment
Anwar Shaikh explores alternative economic explanations, emphasizing 'real competition' theory and the role of imperfections in economic patterns.
Capitalism: Competition, Conflict, Crisis
In this short video behavioural economist, Dan Aerily talks about how our cognitive illusions will trick us into believing something that is otherwise deemed irrational by the homo economicus. It raises and probes into some very interesting questions that defy the neoclassical rational behaviour.
Are we in control of our decisions?
Prof. Robert Guttmann looks at the current transformation of the international world order through the lenses of global money and finance.
Multipolar Capitalism
Prof. Yanis Varoufakis talks in this introductory lecture about the future of our economy and the current state of economics with special regard to pluralism in economics.
Introduction to Pluralism in Economics - From an Economics-without-Capitalism to Markets-without-Capitalism
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 Perspective argues that ergodicity — a foundational concept in equilibrium statistical physics — is wrongly assumed in much of the quantitative economics literature. By evaluating the extent to which dynamical problems can be replaced by probabilistic ones, many economics puzzles become resolvable in a natural and empirically testable fashion.
The ergodicity problem in economics
This paper surveys the development of the concept of socialism from the French Revolution to the socialist calculation debate. Karl Marx’s politics of revolutionary socialism led by an empowered proletariat nurtured by capital accumulation envisions socialism as a “top-down” system resting on political institutions, despite Marx’s keen appreciation of the long-period analysis of the organization of social production in the classical political economists. Collectivist thinking in the work of Enrico Barone and Wilfredo Pareto paved the way for the discussion of socialism purely in terms of the allocation of resources. The Soviet experiment abandoned the mixed economy model of the New Economic Policy for a political-bureaucratic administration of production only loosely connected to theoretical concepts of socialism. The socialist calculation debate reductively recast the problem of socialism as a problem of allocation of resources, leading to general equilibrium theory. Friedrich Hayek responded to the socialist calculation debate by shifting the ground of discussion from class relations to information revelation
Socialist alternatives to capitalism I: Marx to Hayek
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Time to Ditch the NAIRU
Public lectures on some Traditional Economic Solutions to poverty in Nigeria, specifically the Igbo Apprentice System, Yoruba Ajo Thrift Savings, and Hausa Integral Communalism.
Traditional Wealth Creation Schemes in Nigeria
In this article, Tetteh Hormeku-Ajei and Camden Goetz discuss the ongoing impacts of colonialism on Africa’s natural resources.
A History of Resource Plunder
Jo Michell discusses some key implications of climate change regarding the standard policy prescriptions of Post-Keynesian economics, particularly relating to the possible necessity of consumption constraints and the presence of recurrent inflation.
Macroeconomic Policy Coordination: A New Approach for the End of Abundance
The new online platform ‚DIY Macroeconomic Model Simulation‘ provides an open-source code repository and online script for macroeconomic model simulation. It follows a “do-it-yourself” (DIY) approach, empowering users to numerically simulate key macroeconomic models on their own using the programming language R.
DIY Macroeconomic Model Simulation Platform
The productive work of widely distributed academic research has contributed substantially, over the postwar period, to important advances in our understanding. It has also offered a clearer recognition of many unresolved problems. Never theless, the progress achieved over the last decades, ex hibited by the systematic application of "theory" to actual issues and observable problems, could not overcome a per vasive sense of dissatisfaction.
Economics Social Institutions
This book tells the story of the search for disequilibrium micro-foundations for macroeconomic theory, from the disequilibrium theories of Patinkin, Clower and Leijonhufvud to recent dynamic stochastic general equilibrium models with imperfect competition.
Transforming Modern Macroeconomics
This book makes the case that economies are complex systems and in response to this, develops a unique dynamic nonequilibrium process analysis of macroeconomics.
Shaking the Invisible Hand
When you notice inequality in your everyday life do you ever wonder where it comes from and what keeps it going This sociology course introduces you to core concepts of class gender and racial inequality and an approach to studying complex forms of inequality called intersectionality Featuring interviews with top …
Global Inequality
In this interview Mariana Mazzucato talks about economic actions governments need to take facing the Corona-crisis. Using the example of Britain, she argues that governmental bailouts need to be bound to commitment to sustainability.
Mariana Mazzucato on New Economic Approaches
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