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The MINE website explores the interplay between nature and economy. Focusing on such fundamental concepts as time, thermodynamics, evolution, homo politicus and justice, a new outline of economic activity emerges within nature. The dominant approach of Mainstream Economics, which considers nature as a subsystem of the economy, is thus replaced by a broader and more integrated framework. The visual map and its links between concepts provides an orientation. The visitor can approach the content from their own starting point and follow their own path to discovery. Each concept starts with the historical background and moves on through theory and practice. The research behind MINE began in the 1970s at the University of Heidelberg, Germany, in an interdisciplinary group spearheaded by Professor Malte Faber, including scientists from economics to mathematics, physics and philosophy. The research has contributed to the field of Ecological Economics. MINE is directed at students, scientists and decion-makers. More on http://nature-economy.de/faq/ 2019 Level: beginner MINE - Mapping the interplay between Nature and Economy Prof. Malte Faber et al. MINE This infographic gives a summary of the 2018 Trade Wars. This simple, compiled overview is suitable for those without a strong political or economic background. The infographic explains briefly basic concepts related to trade and provides a short timeline of events. It furthermore checks Trump administration's arguments to launch the the trade war against facts and estimates of how the 2018 trade war can affect the global and North-American economy. 2018 Level: beginner 2018 Trade Wars Infographic Trade Machines Trade Machines 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. 2018 Level: advanced Deliberate Misunderstandings in Economics: What Pluralism Really Means Leonardo Conte Rethinking Economics Economics is dogmatic, monolithic, merely quantitative, highly normative, strongly political, primarily ethical, pseudo-scientific, and manipulative. 2019 Level: beginner Economics is ... Leonardo Conte Rethinking Economics Switzerland 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? 2019 Level: advanced Is Behavioural Economics the New Mainstream? Leonardo Conte Rethinking Economics Switzerland Approaching the law of nature that determines all forms of economy. The bulk of economic theory addresses the economic process by setting out on a catalogue of aspects, seeking the laws in the aspects and hoping to get together a reliable view of the whole. 2019 Level: advanced Economic theory, methodology, and secure foundations Dr. Alec A. Schaerer Exploring Economics In this article, Perry Mehrling, a professor of economics at Barnard College, presents and discusses three theories of banking which are guiding bank regulation. These are credit creation theory, fractional reserve theory and debt intermediation theory. 2016 Level: advanced Central Bank theories of Banking and Money Perry Mehrling www.perrymehrling.com In this essay the author reviews empirical studies in economics that analyze factors behind the rise of nationalist and populist parties in Western countries. He stresses that economic factors (e.g., trade shocks and economic crisis) play a crucial role in the rise of populist parties; however, the discussion of mechanisms driving this trend remains unsatisfying 2019 Level: advanced The Economics of Populism in the Present Felix Kersting Exploring Economics In this essay the authors take a look at how welfare could be provided in a degrowth society. 2019 Level: beginner Bidding farewell to growth: How to provide welfare in a degrowth society Johanna Hopp and Laura Theuer Exploring Economics 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 Ernest Mandel YouTube The main goal of this website is to make Economics less confusing. You can explore what the discipline of Economics is and could be. Learn about basic Economic terms and jargon. 2019 Level: beginner ecnmy.org - What is the Economy?   ecnmy.org 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. 2019 Level: beginner Economic Transition in the Anthropocene Eric Beinhocker University of California 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 John Komlos Duke University’s John Hope Franklin Center In this blog article Steve Keen elaborates on flawed climate change modelling and mainstream economics forecasts. In specific, he stresses the climate change forecasts of the DICE model (“Dynamic Integrated model of Climate and the Economy”) by Nobel Memorial Prize in Economic Sciences winner William Nordhaus. 2019 Level: advanced The Cost of Climate Change Steve Keen Evonomics As opposed to the conventional over-simplified assumption of self-interested individuals, strong evidence points towards the presence of heterogeneous other-regarding preferences in agents. Incorporating social preferences – specifically, trust and reciprocity - and recognizing the non-constancy of these preferences across individuals can help models better represent the reality. 2019 Level: advanced A fresh perspective to economic theory: Social preferences and their impact on gender and policy Sheral Shah Exploring Economics In this post, Rethinking Economics sets out what it means to decolonise economics education and how we can do that. The article first breaks decolonising down into a "mind-set" and a "process", then applies this process to economics education. It finishes with a reading list and some suggested actions to get you started decolonising economics today. 2019 Level: beginner Let's Decolonise Economics Education! Ali Al-Jamri Rethinking Economics What data is used in the economic models of the IPCC? How problematic is it, that tipping points are often ignored? A very interesting presentation by Steve Keen during the OECD Conference "Averting Systemic Collapse". 2019 Level: beginner Averting Systemic Collapse Steve Keen ZOE. Institute for future-fit economies 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. 2019 Level: beginner Politics as supermarket? Or how current policy design changes the relationship between the state and its citizens Alexander Feldmann Exploring Economics A rethinking of the way to fight global poverty and winners of the Swedish Bank Prize for Economics. 2019 Level: advanced Social Experiments to Alleviate Poverty Abhijit Banerjee, Esther Duflo, and Michael Kremer Exploring Economics In this short video 'Raghuram Rajan’s Dosa Economics Explained', the famous theory of Dr. Raghuram Rajan, ex-governor of Reserve Bank of India (RBI), Dosa Economics, has been explained using a very simple example of Dosa ( a delicacy of India). Here, Dr. Raghuram Rajan tries to explain that low interest rate and low inflation is much better than high interest rate and high inflation. 2018 Level: beginner Raghuram Rajan’s Dosa Economics Explained Raghuram Rajan scroll.in Professor Jennifer Clapp explains the dynamics of financialization of land and agricultural commodities in Subsaharan Africa. She points to the historical roots of accelerated land speculation and their connection to financial institutions, both generating and reinforcing the process of financialization of African land. Besides talking about roots and dynamics of speculation with land on financial markets, she puts the perspective of scholarly investigation onto the investor's side in discussing guidelines of responsible investment and regulation in the front instead of focussing on the receiving countries. 2013 Level: beginner Land and Financialization: Role of International Financial Actors in Land Deals in Africa Jennifer Clapp The North-South Institute In this short video Peter Reich illustrates seven aspects of the state of the US economy. He provides suggestions on how to to get started to move towards a more fair distribution of wealth. 2019 Level: beginner Everything You Need to Know About the New Economy Robert B. Reich https://robertreich.org In this article, Gareth Dale analyzes and compares the main characteristics and differences of two visions that are currently emerging to tackle Climate Change: the Green New Deal and Degrowth. Which are the consequences from the environmental, economic and political point of view? And what are the underlying doctrines? 2019 Level: expert Degrowth and the Green New Deal Gareth Dale The Ecologist Ever wondered how a rap battle between John Maynard Keynes and F.A. Hayek would sound like? 2010 Level: beginner Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle! Emergent Order Emergent Order Prof. Robert Guttmann looks at the current transformation of the international world order through the lenses of global money and finance. 2019 Level: advanced Multipolar Capitalism Robert Guttmann Instituto de Economia da Unicamp In this blog article, Dirk Brockmann illustrates how strong heterogeneities, cluster-like structures and high variability in node connectivities can naturally emerge in growing networks. 2019 Level: expert Complexity Explorables Dirk Brockmann https://www.complexity-explorables.org This panel discusses the role of mathematics and history in economics. Lord Robert Skidelsky and Dr. Ha-Joon Chang advocate for a more prominent role of history and a less prominent role of mathematics within economics. Prof. Steve Pisckhe and Prof. Francesco Caselli defend the dominant role of mathematics within economics. Each of the speakers gives a 10-15 minutes talk advocating his position, before the panel is opened up for Q&A. The discussion is moderated by Prof. James Foreman-Peck. 2015 Level: beginner Too much Maths, too little History: The problem of Economics Lord Robert Skidelsky, Dr. Ha-Joon Chang, Prof. Steve Pisckhe and Prof. Francesco Caselli LSE Economic History Departement Andrew McAfee about the history of human progress and the modern uncoupling of our prosperity from resource consumption. They discuss the pitfalls and hidden virtues of capitalism, technological progress, environmental policy, the future of the developing world, and other topics. 2019 Level: beginner The Great Uncoupling A Conversation with Andrew McAfee Sam Harris, Sam Harris and Andrew McAfee samharris.org In this talk Robert Skidelsky analyses how sociology did and could enrich economic analyses, but also how critical sociological insights have been colonised by mainstream economics. 2019 Level: beginner How Can Sociology Help Economics? Robert Skidelsky Institute for New Economic Thinking In this short Video Silke Helfrich discusses the basics of commons. It’s an introduction into the essence of commons from a perspective stemming from outside the economic discipline that focuses on social practice. Her perception challenges the economic mainstream’s perception of common goods and goes beyond a purely materialistic conceptualisation of commons. 2014 Level: beginner The Basics of Commons Silke Helfrich Leuphana Digital School This Blog Post describes the U.S. federal reserve money system from the perspective of the Modern Monetary Theory (MMT). Therefore it presents a theory of money creation, gives simple examples how this influences the economy and the historical process of why the monetary system of the US has developed this way. 2019 Level: beginner An Introduction in the Federal Reserve Money system J.D. ALT NewEconomicsPerspectives.org This content submission has two parts: (1) a link to the post by Wolf Richter on deterioration of US subprime credit card debt and loans, driven in part by the overuse of hedonic quality adjustments in the Consumer Price Index (CPI) used by the US Bureau of Labor Statistics, and (2) to introduce Exploring Economics to the website Naked Capitalism, which is an effort to promote critical thinking through the medium of a finance and economics blog and fearless commentary. 2019 Level: expert What’s Behind the Subprime Consumer Loan Implosion? Wolf Richter www.nakedcapitalism.com

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