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441 results
Economist and 2020 Balzan Prize winner for Environmental Challenges: Responses from the Social Sciences and Humanities, Joan Martínez Alier, speaks on the importance of ecological economics and its timeliness around the 2007/2008 global financial crisis. He speaks on the importance of building the field of ecological economics “from the ground up” through praxis.
Ecological Economics
This is a recording of an introductory course held at the 4th International Degrowth Conference for Ecological Sustainability and Social Equity in Leipzig in 2014. Federico Demaria from the French-Spanish organisation Research and Degrowth gives an introduction to degrowth. The presentation is based on the introduction to the book “Degrowth. A vocabulary for a new era.” and discusses definitions of degrowth, degrowth literature, debates, history and further research to be done.
Introductory Course: "Degrowth: What?!"
Does Karl Polanyi's work “The Great Transformation” serve to analyse the current multiple crisis and social movements? Nancy Fraser revises Polanyi's concept of a double movement to capture social forces in the aftermath of the economic crisis of the 1930s – on the one side marketization and on the other hand social protection. Fraser proposes to talk about a triple movement and to account for emancipatory struggles. In the lecture, she discusses interactions as well as conflicts between those three forces, in particular conflicting aims of social protection. The lecture presents the content of her paper “A TRIPLE MOVEMENT? Parsing the Politics of Crisis after Polanyi“ in the New Left Review (2013).
Crisis of Capitalism, Crisis of Governance: Re-reading Karl Polanyi in the 21st Century
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
The Political Economy of Inequalities
‘We cannot afford their peace & We cannot bear their wars’:
Value, Exploitation, Profitability Crises & ‘Rectification’
Political Economy based on Marx
Usually, Critical Theory and Economics are, for better or worse, no longer seen to be in a continuum. This article by Lukas Meisner serves as an introduction to Critical Theory for all (heterodox) economists, who want to understand and explain what they can, otherwise, just state and describe.
Critical Theory for Heterodox Economists: Questioning the Premises of Supply and Demand
The foundational economy is a concept which describes the infrastructure of everyday life, encompassing all essential services like utilities or healthcare that people require for wellbeing. This contribution provides an overview of foundational thinking.
The foundational economy: Focusing on what matters
This historic timeline presents economic events, economic thinkers and schools of thought from the 18th century until the 2007/2008 financial and economic crisis with short texts on the respective event or perspective.
Economics: An Illustrated Timeline
The lectures were given by Steve Keen at the Exploring Economics Summer Academy 2017 in the workshop on Post Keynesian Economics The first lectures start with the role of money in a monetary economy and explain the macroeconomic significance of admitting the reality that banks create money The lectures continue …
Exploring Economics 2017 Lectures
At the 2013 Climate, Mind, & Behavior Symposium, Rebecca Adamson of First Peoples Worldwide illustrates alternative economic systems modeled after indigenous worldviews and the power they have in pushing us towards a more sustainable existence.
Rebecca Adamson: Enoughness - Restoring Balance to the Economy
An Introduction to the Political Theory of John Maynard Keynes. John Maynard Keynes was arguably the greatest economist of the 20th century. He discovered the idea that governments should stimulate demand during economic downturns.
An Introduction to the Political Theory of John Maynard Keynes
Teaching the public about lobbying and its effects on financial institutions that help run the economy in which we all live and use.
Is lobbying bad for the economy?
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 …
Thinking Complexity
In 18th century Europe figures such as Adam Smith, David Ricardo, Friedrich List and Jean Baptiste Colbert developed theories regarding international trade, which either embraced free trade seeing it as a positive sum game or recommended more cautious and strategic approaches to trade seeing it as a potential danger and a rivalry and often as a zero-sum game. What about today?
Free trade in economic theories
Caring activities are one central element of feminist economists' analysis – also since in particular unremunerated work is a blind spot in mainstream economics and most other economic paradigms. Those focus on the market sphere: activities are considered as productive and as real labour if they are remunerated and market-intermediated. Goods and services are considered as labour if they create a value which can be traded on the market. Feminist Economics remarks that this perspective creates certain dichotomies and consequent devaluations: unproductive – productive; private – public; unpaid – remunerated OR paid less – well paid; female – male; soft work – hard work; caring – rationality.
Reproductive Labour and Care
This lecture by Prof. Dr. Eckhard Hein is part of the Introductory Lectures on Heterodox Economics at the 20th FMM Conference in 2016. It gives a good overview about where Post-Keynesian Economics can be located and what it is all about.
Introduction to Post-Keynesian Economics
During his life, Keynes was credited with, amongst other things, with helping to save capitalism from the Great Depression, funding the war against the Nazis and building post-war decades of growth and rising prosperity. And when the global crisis struck in 2008, it was his ideas that the world's leaders turned to help avoid another depression.
Masters Of Money | John Maynard Keynes
Robert Costanza briefly present various methods of environmental valuation, and talks about the changes in the global value of ecosystem services. He then introduces the major ecosystem services, and how different methods of valuation affect the preferred policies to address environmental issues.
Robert Costanza: Ecosystem Service Valuation
The article is a formal response to the debate between the economists Diane Coyle and Howard Reed, whose articles were published online by Prospect magazine in 2018. Then, it was taken by Rethinking Economics as representative for the vision of the global network which advocates for changing economics curricula. In fact, it clearly solves some issues within the debate around pluralism by explaining its common misunderstandings among academics and its true - often mislead - meaning.
Deliberate Misunderstandings in Economics: What Pluralism Really Means
Since Daniel Kahneman won the Nobel Memorial Price in Economic Sciences in 2002, a new branch of economics gained academic and popular interest. That is, the so-called area of behavioural economics. However, some scholars claim that this new area of economics is not changing much of the mainstream paradigm. Why?
Is Behavioural Economics the New Mainstream?
This essay focuses on the sources of government revenue within the Middle East and North African (MENA) region and proposes the implementation of a regional tax reset through increased taxation and tax reforms, deregulation in the private sector and economic diversification to reduce macroeconomic volatilities caused by the hydrocarbon industry.
Taxation in the MENA region
What are the implications of the politics of "behavioural change"? Alexander Feldmann took a closer look for you on nudging and framing and if this is a legitimate instrument being used by the state to make us behave better in terms of our carbon footprint.
Politics as supermarket? Or how current policy design changes the relationship between the state and its citizens
An essay of the writing workshop on contemporary issues in the field of Nigerian economics: The adverse effect of climate change is overwhelming, not just in Nigeria but globally. Global warming is the result of hostile human activities that have impacted the environment negatively. This is the principal variable the government should tackle through practical innovations such as the acceptable implementation of Adaptation Policies and also through the adequate implementation of environmental tax. These will enhance pro-environmental behaviour which is fit for socio-political and economic activities for sustainability.
The Role of Fiscal Policy in Climate Change Mitigation Via Environmental Management and Sustenance in Nigeria
In this talk, Eric Beinhocker outlines his ideas of how to ensure a just and sustainable future for Humanity: This includes his interesting Russian Doll approach to unpacking 20th-century economics and proposals of new theories to underpin a new economic system.
Economic Transition in the Anthropocene
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.
The Rise of Trumpism
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 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
This journal article by Radhika Desai, Professor at the Department of Political Studies, and Director of the Geopolitical Economy Research Group at the University of Manitoba, Winnipeg, Canada, was originally published in 2010 and republished in an revised format in 2020. The article is a comprehensive treatment of Marx's theory of crisis, focusing on the role of consumption demand in capitalism and in the emergence of crises.
Consumption demand in Marx, his crisis theories and in the current crisis
An essay of the writing workshop on contemporary issues in the field of Nigerian economics: In Nigeria, it appears that there is nothing in the constitution, which excludes the participation of women in politics. Yet, when it comes to actual practice, there is extensive discrimination. The under-representation of women in political participation gained root due to the patriarchal practice inherent in our society, much of which were obvious from pre-colonial era till date.
Women Participation – Women Contribution to Economics and Politics
Here we look at the effect of the 2008 Climate Change Act passed in Parliament in the United Kingdom as an effort to curb emissions in all sectors. The Act aside from setting goals to become a low-carbon economy sets up an independent committee on Climate Change to ensure the implementation of policies to comply with the ultimate goal of 80% reduction in total emissions in 2050. I make use of the Synthetic Control Method (SCM) to create a comparative case study in which the creation of a synthetic UK serves as a counterfactual where the treatment never occurred (Cunningham, 2018).
Synthetic Control Method for Estimating the Effect of the Climate Change Act of 2008 in Britain
The effects of the 2020 pandemic on the Latin-American region: a thorough before-after analysis.
COVID-19 and Economic Development in Latin America
Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There is however a long tradition of economic analysis which emphasises how growth in a capitalist economy leads to an accumulation of tensions and results in periodic crises. This paper first reviews the work of Karl Marx who was one of the first writers to incorporate an analysis of periodic crisis in his analysis of capitalist accumulation. The paper then considers the approach of various subsequent Marxian writers, most of whom locate periodic cyclical crises within the framework of longer-term phases of capitalist development, the most recent of which is generally seen as having begun in the 1980s. The paper also looks at the analyses of Thorstein Veblen and Wesley Claire Mitchell, two US institutionalist economists who stressed the role of finance and its contribution to generating periodic crises, and the Italian Circuitist writers who stress the problematic challenge of ensuring that bank advances to productive enterprises can successfully be repaid.
Finance and Crisis: Marxian, Institutionalist and Circuitist approaches
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