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1008 results
Marxist scholar David Harvey explains key concepts of capital from Marx. Applying Marx's analysis of capital to today's world, showing both the longevity and relevance of Marx's Capital, 150 years after its publication.
Marx, Capital and the Madness of Economic Reason
Global Value Chains (GVCs) started to play an increasing and key role in the global economy from the 1990s on. The market mechanism in GVCs supports industrialisation in the Global South and under certain conditions product and process upgrading. But GVCs do not lead to the catching-up of countries in the sense of them approaching real GDP per capita levels comparable with developed countries. These arguments are supported by a critical interpretation of the traditional trade theory, the New Trade Theory and specific approaches to explain GVCs, especially different governance structures and power relationships. Several case studies support these arguments. For catching-up, countries need comprehensive horizontal and vertical industrial policy and policies for social coherence. The small number of countries which managed to catch up did this in different variations.
Global Value Chains in economic development
This paper provides a logical framework for complexity economics Complexity economics builds from the proposition that the economy is not necessarily in equilibrium economic agents firms consumers investors constantly change their actions and strategies in response to the outcome they mutually create This further changes the outcome which requires them …
Complexity Economics : A Different Framework for Economic Thought
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 …
The socio-economic world is non-ergodic
The article by the European Council of Foreign Relations argues that Europe s economic actions in response to the Russian invasion into Urkaine have been decisive different from the EU s external image but that this response should yet be better institutionalized The author Hackenbroich proposes an Anti Coercion Instrument …
The EU’s geo-economic revolution
It is fiercely debated when exactly the growth set off and what the drivers of Indian growth were. Scott Alexander summarises some of the recent literature on this question, demonstrating that not only the liberalisation policies of the 90s might be the driver of the take-off, but potentially public investments, political developments or cultural shifts.
Indian Economic Reform: Much More Than You Wanted To Know
This course provides an overview of the fundamentals of the economic Methodology.
Economic Methodology
A concise introduction to Marx's Labour Theory of Value, the three ratios and the falling rate of profit hypothesis.
Marx's Theory of Economic Crisis
Poster of the different schools of thought made by Sergio A. Berumen. From the Greeks to late 20th and beginning of the 21th century.
General Guide To Schools Of Economic Thought
Departing from an analysis of women's employment and changing gender regimes in the pre crisis period, Jill Rubery illustrates how the crisis affects men's and women's employment differently. Afterwards, she discusses the crisis' impact on gender relations. Based on empirical findings, she shows how men were more affected by the recession and women more by austerity and presents possible explanations. Those are furthermore linked to women's employment decisions and prevalent gender regimes. In particular, Rubery discusses cut backs in public spendings on care, flexibilization and the role of conservative gender ideologies.
Economic crisis and austerity: challenges to gender equality
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.
Economic History
The effects of the 2020 pandemic on the Latin-American region: a thorough before-after analysis.
COVID-19 and Economic Development in Latin America
A remarkable and insightful tribute into the works of late Malawian development economist, Professor Thandika Mkandawire. Must read for anyone looking to broaden their scope of understanding development as it relates to the African continent.
Thandika Mkandawire - A Giant of African Economic Development
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 …
A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model Part II
Sustainable Development has become dominant in policy debates in the last two decades. Standard models in neoclassical economics as taught in undergraduate classes fail to capture the complex relationships between the economy and the environment.
Using Academic Travel to Teach Sustainable Economic Development
The present working paper is dedicated to fill a void in the degrowth literature related to the aspect of planning to achieve post-growth models of societies. The authors propose a new framework that focuses on non-market forms of planning and propose multi-level planning institutions to mediate the local level with society-wide and global institutions.
Planning beyond growth. The case for economic democracy within limits
Photo by Anne Nygård on Unsplash In this course you will learn all of the major principles of microeconomics normally taught in a quarter or semester course to college undergraduates or MBA students Perhaps more importantly you will also learn how to apply these principles to a wide variety of …
The Power of Microeconomics: Economic Principles in the Real World
Devine begins with an analysis of the theory and practice of capitalist planning, central planning and 'market socialism'. He argues that, while market socialism is currently favoured by many economists who reject both capitalism and the command planning of the Soviet model, it cannot fulfil the promises held out for it.
Democracy And Economic Planning
Founded in 1968, The Union for Radical Political Economics (URPE) is an interdisciplinary membership organization of academics and of activists. Its mission is to promote the study, development and application of radical political economic analysis to social problems. Concretely, this involves a continuing critique of both the capitalist system, and of all forms of exploitation and oppression. URPE’s mission also includes, coming out of this critique, helping to construct a progressive social policy, and a human-centered radical alternative to capitalism.
Union for Radical Political Economics
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
Smith contends that there is no possible solution to our global ecological crisis within the framework of any conceivable capitalism. The only alternative to market-driven planetary collapse is to transition to a largely planned, mostly publicly-owned economy based on production for need, on democratic governance and rough socio-economic equality, and on contraction and convergence between the global North and South.
Green Capitalism
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
This open access book presents an alternative to capitalism and state socialism through the modelling of a post-market and post-state utopia based on an upscaling of the commons, feminist political economy and democratic and council-based planning approaches.
Make Capitalism History
This paper starts with an evaluation of three common arguments against pluralism in economics: (1) the claim that economics is already pluralist, (2) the argument that if there was the need for greater plurality, it would emerge on its own, and (3) the assertion that pluralism means ‘anything goes’ and is thus unscientific. Pluralist responses to all three arguments are summarized. The third argument is identified to relate to a greater challenge for pluralism: an epistemological trade-off between diversity and consensus that suggests moving from a discussion about ‘pros’ and ‘cons’ towards a discussion about the adequate degree of plurality. We instantiate the trade-off by showing how it originates from two main challenges: the need to derive adequate quality criteria for a pluralist economics, and the necessity to propose strategies that ensure the communication across different research programs. The paper concludes with some strategies to meet these challenges.
Pluralism in economics: its critiques and their lessons
In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands of post-Keynesian economics, their commonalities and developments since the 1930s will be outlined. This will provide the grounds for touching upon three important areas of development and progress of post-Keynesian macroeconomics since the mid-1990s: first, the integration of distribution issues and distributional conflict into short- and long-run macroeconomics, both in theoretical and in empirical/applied works; second, the integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical circumstances, like the process of financialisation; and third, the development of full-blown macroeconomic models, providing alternatives to the mainstream 'New Consensus Model' (NCM), and allowing to derive a full macroeconomic policy mix as a more convincing alternative to the one implied and proposed by the mainstream NCM, which has desperately failed in the face of the recent crises.
Post-Keynesian macroeconomics since the mid-1990s: Main developments
Steve Keen provides an alternative view on Macroeconomics before and after the crisis and outlines different macroeconomic fallacies.
Advanced Political Economy Lectures
In the second video of the series Investigating International Finance, an alternative view on capital controls is given contrasting with the paradigm of classical trade theory which suggests that the removal of trade and capital barriers is associated with higher market efficiency. After explaining the conceptual mechanisms underlying capital controls, examples are introduced where countries actually apply capital controls and how these controls have been associated with a lesser exposure to international financial crises spillovers.
Tax Havens - Investigating International Finance
In the second video of the series Investigating International Finance, an alternative view on capital controls is given contrasting with the paradigm of classical trade theory suggesting that the removal of trade and capital barriers is associated with higher market efficiency. After explaining the conceptual mechanisms underlying capital controls, examples are introduced where countries actually apply capital controls and how these controls have been associated with a lesser exposure to international financial crises spillovers.
Capital controls - Investigating International Finance, Episode 2
This text provides an overview of feminist perspectives on various kinds of work and reproductive labour. The authors start at the intersection of Marxism and Feminism. They, then, give a historical background on the United States feminist movement. They, finally, provide alternative perspectives on work and reproductive labor that are not based on Marxist Feminist theory.
Feminist Perspectives on Class and Work
Richard Werner touches on a number of topics in this Odd Lots Podcast episode. As one of the pioneers when it comes to money and credit creation, he gives interesting insights into his early research on this topic. He then explains what he calls the “Quantity Theory of Credit” and is an alternative to the "Quantity Theory of Money".
Japanification, Quantitative Easing, money creation and Re-Igniting the U.S. Economy
This text provides an easy to understand introduction to complexity economics for non-specialist audiences such as bachelor's students.
Think Complexity Economics is too Complicated? Then this is for you.
Behavioural economics deals with observing behaviour and economic decision making behaviour.
Behavioral Economics
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