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1090 results
Why are income inequalities so large and why do they continue to increase in so many countries? What role can minimum wages play in reducing social and economic inequalities? What is a good system of wage bargaining? What constitutes a fair wage?
Fair Wage Strategies in a Global Economy
This course will focus on the emergence and evolution of industrial societies around the world We will begin by comparing the legacies of industry in ancient and early modern Europe and Asia and examining the agricultural and commercial advances that laid the groundwork for the Industrial Revolution of the 18th …
Global Perspectives on Industrialization
From religious leaders to heads of state, everyone is talking about economic inequality. What form can such inequality take in different countries? What impact does it have on society? And why should it matter to you?
Challenging Wealth and Income Inequality
Extractivism is a development model based on exploiting and exporting raw materials. It is fundamental to reproducing entire societies, mainly in the Global South, while generating manifold dilemmas. This text situates extractivism within the broader landscape of global economic asymmetries, emphasizing the role of rents—excess revenues generated from resource extraction due to international price differentials—as a central analytical lens.
The Political Economy of Extractivism
"This eleven-week course offers a pluralist introduction to political economy and economics. We will examine nine (9) competing schools of thought, each of which offer an original and distinctive illumination of economic and social reality. The course offers a level of learning that would at least match that which is offered by a University. However, you do not need to be connected to a university or to have studied political economy or economics previously to enrol in this particular subject."
An Introduction to Political Economy and Economics
The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a 'pluralistic' heterodox perspective.
Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics.
The Routledge Handbook of Heterodox Economics
Islamic finance's phenomenal growth owes to the Shariah compliant nature of its financial instruments. Shariah forbids the charging of interest (Riba) and instead promulgates risk-sharing and trade-based modes of financing. The Islamic financial industry has been subject to both critique and admiration. Critics argue that Islamic instruments (bearing debt-based structures) differ from their conventional counterparts only in legal lexicon and not in economic impact.
Rethinking Islamic Finance
Geographical economics starts from the observation that economic activity is clearly not randomly distributed across space. This revised and updated introduction to geographical economics uses the modern tools of economic theory to explain the who, why and where of the location of economic activity. The text provides an integrated, first-principles introduction to geographical economics for advanced undergraduate students and first-year graduate students, and has been thoroughly revised and updated to reflect important developments in the field, including new chapters on alternative core models and policy implications.
The New Introduction to Geographical Economics
This is the first intermediate microeconomics textbook to offer both a theoretical and real-world grounding in the subject. Relying on simple algebraic equations, and developed over years of classroom testing, it covers factually oriented models in addition to the neoclassical paradigm, and goes beyond theoretical analysis to consider practical realities.
Intermediate Microeconomics
How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development.
Kicking Away the Ladder
In its first edition, this book helped to define the emerging field of ecological economics. This new edition surveys the field today. It incorporates all of the latest research findings and grounds economic inquiry in a more robust understanding of human needs and behavior.
Ecological Economics - Principles and Applications
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
The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet none of these play a major role in standard macroeconomic models. What is needed is a theory in which these aspects are central.
Complex Economics
The Elgar Companion to Feminist Economics is the first comprehensive reference work introducing readers to the field of feminist economics. It includes 99 entries by 88 authors.
The Elgar Companion to Feminist Economics
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
Foundational economy is the most important concept you have never heard of. The foundational encompasses material utilities like water, gas and electricity and providential services like education, health and care. Taken together, these services matter economically and politically because they are the collectively consumed infrastructure of everyday life, the basis of civilization and should be citizen rights.
Foundational Economy
Written by the Nobel Prize winners in Economics Robert Shiller and George Akerlof, this book shows how deception and manipulation play a big role in the economic behavior of individuals, as well as showing how the assumption of "perfect information" is far away from the truth. Through both quantitative data and stories of how to reduce this noxious phenomenon, the authors paint a pretty different picture of how markets really works in a hyper-communicative scenario like nowadays.
Phishing for Phools
‘We cannot afford their peace & We cannot bear their wars’:
Value, Exploitation, Profitability Crises & ‘Rectification’
Political Economy based on Marx
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
How can we establish new institutions and practices in order to use fare-free public transport as a beacon for sustainable mobility and a low-carbon lifestyle? The author of this essay elaborates on how practice theory and institutional economics can help to answer this question.
Towards a practice of fare-free sustainability
Participants should be able to distinguish the strictly non-cooperative (methodological individualist) foundations of traditional neoclassical economics as being couched in self-interested individuals, as well as having basic knowledge of an alternative set of theories based on the primacy cooperation and social norms and extending the breadth of economic analysis beyond exchange.
Cooperative Economics
First historical instances of colonialism such as the crusades are revisited. Then a lengthy account of the colonial experience of the Spanish Kingdom in South America and of the British Empire in India is given. The Indian case is illustrated with large amounts of archival materials from a colonial administrator. There the workings of the colonial bureaucracy and law and its (positive) achievements as well as the ignorance and arrogance of the external rulers are demonstrated. After narrating the Indian independence to some depth some recent colonial wars (Algeria, Vietnam, Congo, Angola) are briefly examined. In the end, the impact of colonialism on current, i.e. 1970s, (economic) international relations is discussed. The general tenor is that colonialism is a dysfunctional system. Still, agency is mostly placed with the empire rather than with the ruled.
The Age of Uncertainty Episode 4 The Colonial Idea
The notion that the demand and supply side are independent is a key feature of textbook undergraduate economics and of modern macroeconomic models. Economic output is thought to be constrained by the productive capabilities of the economy - the ‘supply-side' - through technology, demographics and capital investment. In the short run a boost in demand may increase GDP and employment due to frictions such as sticky wages, but over the long-term successive rises in demand without corresponding improvements on the supply side can only create inflation as the economy reaches capacity. In this post I will explore the alternative idea of demand-led growth, where an increase in demand can translate into long-run supply side gains. This theory is most commonly associated with post-Keynesian economics, though it has been increasingly recognised in the mainstream literature.
It’s Demand All the Way Down
Michael Kalecki famously remarked “I have found out what economics is; it is the science of confusing stocks with flows”. Stock-Flow Consistent (SFC) models were developed precisely to address this kind of confusion. The basic intuition of SFC models is that the economy is built up as a set of intersecting balance sheets, where transactions between entities are called flows and the value of the assets/liabilities they hold are called stocks. Wages are a flow; bank deposits are a stock, and confusing the two directly is a category error. In this edition of the pluralist showcase I will first describe the logic of SFC models – which is worth exploring in depth – before discussing empirical calibration and applications of the models. Warning that there is a little more maths in this post than usual (i.e. some), but you should be able to skip those parts and still easily get the picture.
Stock Flow Consistent Macroeconomics
Feminist economics is a key component of the movement for pluralism in economics and one that has, to some extent, been acknowledged by the mainstream of the profession. It seeks to highlight issues which affect women because (it claims) they have not traditionally been recognised in a field dominated by men. On top of this, it seeks to carve out a space for women in the discipline, both for intrinsic reasons of fairness and diversity and because it means that women’s issues are more likely to be highlighted going forward.
Why Feminist Economics is Necessary
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
If there’s one method economists have neglected the most, it’s qualitative research. Whereas economists favour mathematical models and statistics, qualitative research seeks to understand the world through intensive investigation of particular circumstances, which usually entails interviewing people directly about their experiences. While this may sound simple to quantitative types the style, purpose, context, and interpretation of an interview can vary widely. Because of this variety, I have written a longer post than usual on this topic rather than doing it a disservice. Having said that, examples of qualitative research in economics are sadly scant enough that it doesn’t warrant multiple posts. In this post I will introduce qualitative research in general with nods to several applications including the study of firm behaviour, race, Austrian economics, and health economics. More than usual I will utilise block quotes, which I feel is in the spirit of the topic.
Qualitative Methods in Economics: "You Can Observe a Lot Just by Watching"
An examination of women's changing economic roles. Includes an analysis of labour force participation, wage inequality, gender differences in education, intra-household distribution of resources, economics of reproduction, and how technological change affects women.
Women and the Economy
Information and skills required to make more sustainable choices every day.
Sustainability in Everyday Life
Neoclassical economics focuses on the allocation of scarce resources. Economic analysis is mainly concerned with determining the efficient allocation of resources in order to increase welfare.
Neoclassical Economics
This introductory text explores the political economy of water by defining the subject and examining its key issues.
The political economy of water
Der Kurs richtet sich an Interessierte, die einen Überblick über gängige Modellierungsansätze in der Makroökonomik erhalten wollen. Dabei habe ich versucht, Ansätze aus unterschiedlichen Paradigmen zu berücksichtigen, notwendigerweise auf Kosten einer gewissen Tiefe bei den einzelnen Modellierungsframeworks. Der Kurs setzt ein gewisses mathematisches Grundverständnis voraus, sollte aber für fortgeschrittene Bachelor-Studierende der Ökonomik und Master-Studierende von interdisziplinären Studienprogrammen gut geeignet sein. Die Themenauswahl ist natürlich notwendigerweise selektiv. Der erste, größere Abschnitt diskutiert Modelle für wirtschaftlichen Wandel in der langen Frist (Wachstumsmodelle). Der zweite, kürzere Abschnitte behandelt dann Modelle, welche versuchen eine langfristige mit einer kurzfristigen Perspektive zu verbinden.
Makroökonomische Modelle - Ein multiparadigmatischer Überblick
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