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1207 results
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
The Canadian author and journalist Richard Swift takes the listener on a journey to different degrowth projects. During the visits concepts of the degrowth movement are explained and practical examples are highlighted. In the elaborate programme different actors of the international degrowth movement get to speak (e.g. Joan Martinez Alier, Federico Demaria).
The Degrowth Paradigm
What is money and how does it work? The short film reveals common misunderstandings of where money comes from, explains how money is created by banks and presents consequences of money as credit. The video is part of the campaign positive money, promoting the democratic control over money creation.
What is money?
First some definitions regarding econometrics, regressions, types of data and independent and dependent variables are given. Then the basic function of a simple regression analysis is explained. Lastly, there is discussion of the meaning of the error term.
Econometrics // Lecture 1: Introduction
In this Ted Talk, Mariana Mazzucato argues against the juxtaposition of the state and entrepreneurial activities. By presenting examples of her research on the relation between innovation and (inclusive) growth, she shows how many innovations were led by states' initiatives. Mazzucato confronts the liberal narrative of the a state that merely provides the frame for the market.
Government - investor, risk-taker, innovator
In the keynote speech, Sigrid Stagl argues why it is necessary to include socio-ecological aspects in macoreconomic models. The talk focuses on the ecological necessities, mentioning limits to growth, resource extraction and planetary boundaries. At the end, Stagl shortly presents several current macroeconomic initiatives and models that move towards a a socio-ecological macroeconomics.
Towards a socio-ecological macroeconomics
Paul Mason presents the main arguments of his book PostCapitalism. First, he argues that capitalism runs out of its capability to adapt to crises and second states that information technology challenges the capitalist system. In a nutshell, he argues that a society which fully exploits information technologies can't include concepts such as intellectual property, free market or private ownership. This has far-reaching consequences for the organisation of wages and work. The talk stops at minute 37.30.
The Future of Capitalism
This multimedia dossier is part of the series „Understanding Finance“ by Finance Watch. The dossier focuses on universal banks – banks that pursue commercial and investment banking and points out several problems of those megabanks, especially in the context of the financial crisis (too big to fail).
Splitting megabanks?
With this calculator you can assess the ecological backpack of your lifestyle. The ecological backpack visualizes the weight of all natural raw materials that are needed for our private consumption behavior. This includes all products and their production, use, and disposal.
My Ecological Backpack
In this short talk, Nicole Pepperell discusses Albert Hirschman's book "Rival Views of Market Society and Other Recent Essays". Among others, he discusses different conceptions of the characteristics and dynamics of capitalist societies.
Nicole Pepperell on Albert Hirschman - Rival Interpretations of Market Society
James Robinson gives in this talk a short introduction into the theory and ideas of his popular book "Why Nations Fail" which was published together with D. Acemoglu in 2012. With many real-life examples he gives a lively description on the fundamentals for economic success from an institutionalist view. According to Robinson, the nature of institutions is a crucial factor for economic success. Whether institutions are inclusive (such as in prosperous economies) or extractive (poor economies) stems from the nation's political process and the distribution of political power.
Why Nations Fail
The world is coping with a global disaster, as the new Coronavirus takes a toll on many lost lives and a severe impact on economic activity. To provide a long-run perspective, this column documents the international response to a variety of disasters since 1790. Based on a new comprehensive database on loans extended by governments and central banks, official (sovereign-to-sovereign) international lending is much larger than generally known. Official lending spikes in times of global turmoil, such as wars, financial crises or natural disasters. Indeed, in these periods, official capital flows have repeatedly surpassed total private capital flows in the past two centuries. Wars, in particular, were accompanied by large surges in the volume of official cross-border lending.
Coping with disasters: Lessons from two centuries of international response
"Bank Underground" is the staff blog of the Bank of England, founded to publish the views and insights of the people working for one of the world's oldest central banks. The blog covers a wide range of macroeconomic topics, mostly linked to the effects of monetary policy, of course, but not all the time. It provides timely, relevant analysis of contemporary challenges in economic policy and is thus often a perfect primer.
Bank Underground
"Alexander Kravchuk is an economist and editor at Commons: Journal for Social Criticims, who has previously written about IMF conditions on loans to Ukraine. Jacobin’s David Broder asked him about the country’s economic situation and why debt cancellation is important if Ukrainians are to be able to shape their future." (quote from the interview)
To Help Ukraine, Cancel Its Foreign Debt
This course introduces the main topics in Econometrics by using R statistical software. The relation of themes is comprehensive and includes the basic notions such as linear regression, multiple regression, causal inference, regression discontinuity and instrumental variable. In total, the course covers thirteen chapters that are common in any undergraduate econometrics course.
Introduction to Econometrics with R
This course provides an introduction to the ILO’s Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy (MNE Declaration). The course uses real cases related to labour and employment issues as examples of how the MNE Declaration is used in practice or as guidance.
ILO - An introduction to the MNE Declaration
"Could a cooperative market economy, in which firms are owned and controlled by their workers, be a viable and efficient alternative to capitalism?"
Economic Democracy: The Cooperative Alternative
This is a new online course at bachelor level. It presents an introduction into macroeconomics with a specific focus on the euro area. The theoretical part provides a critical presentation of the two key macroeconomic models: the (neo)classical approach and the Keynesian approach. This allows a comparative analysis of important macroeconomic topics:
unemployment
inflation
government debt and Modern Monetary Theory
banks and financial crises.
The policy-oriented part discusses the monetary policy of the ECB and the specific challenges for fiscal policy in the euro area. The course also presents other euro area specific topics: Optimum currency area, euro crises, Next Generation EU and Green New Deal.
European Macroeconomics
Eco-modernisation’s promise that technological fixes will provide us with the efficiency we need to decouple environmental burdens from economic growth suggests that business-as-usual can continue. Today’s guest Timothée Parrique is the best to explain why this is not happening and why relying solely on technological solutions is like betting on green zero in roulette.
Why will technology not save our souls?
This presentation looks at the basic idea of Marxism, specifically the conflict between the different classes in society.
A Brief Introduction to Marxism
Inequality is an issue we all face every day, from income disparities to gender discrimination. In this first lecture in the Institute for New Economic Think...
Inequality 101 with Branko Milanovic & Arjun Jayadev
This multimedia dossier explores the production chain of smartphones. In particular due to the violation of workers' rights and low payments, the author Benjamin Selwyn calls those production structures global poverty chains. In this context, he points to the importance of workers' struggles.
Production Chain of Smartphones
In this interview, Elizabeth Currid-Halkett presents her view on how "the leisure class has been replaced by a new elite, and how their consumer habits affect us all".
A Theory of the Aspirational Class
In this episode of Jacobin radio, James K. Galbraith elaborates on the economic policies for the corona crisis, and Aaron Benanav on the crisis of unemployment. James K Galbraith also discusses why the economy as currently organized has been unable to deal with the challenges of the pandemic.
Jacobin Radio: economic policies for the corona crisis
The likely global impacts of the economic fallout from the Coronavirus and how we might be better prepared than the 2008 economic crisis to put forward progressive solutions.
The coming global recession: building an internationalist response
As part of a larger series on Just Transitions, the author describes how the current corona crisis comes with new economic policy responses which would have been considered unthinkable only a year ago. Arguing that with the current high levels of confidence in politicians and scientific advice, combined with the realisation that the market has not been able to solve this problem on its own, we are now in a unique position to implement a radically different solution than was politically possible previously.
A Social-Green Deal, with just transition—the European answer to the coronavirus crisis
Industrial policy has been a central part of policy prescription by many heterodox schools arguably since mercantilism, but the theories behind it and types of policy advocated for have evolved over time. Recently some neoclassical economists have shown renewed interest in it, but is this mainstream acceptance a step back or a step forward from earlier heterodox ideas?
Industrial policy
Capitalism + Patriarchy = Women's Hidden Work
Kareem Megahed, Omar Ghannam and Heba Khalil, from Post-Colonialisms Today, provide insights on the early post-independence industrialization project in Egypt, in which the state played a central coordinating role.
Lessons for Today from Egypt’s Post-Independence Industrialization
Cédric Durand locates the Russian War on Ukraine in relation to Russian Economic Development and Political Economy after the collapse of the soviet union.
Cold Peace
In this short essay, Jayati Ghosh gives an overview over the multiple ways in which the economic "fall-out" of the War in Ukraine is hitting economies and societies in the developing world.
Putin’s War Is Damaging the Developing World
A short film that questions the current state of the economy with thought-provoking sequences and takes a look into the past how the present understanding of the economy came to be.
Economy is care
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