For some days, global financial markets are in turmoil. Central banks and governments are dealing with the unfolding crisis on a daily basis with seemingly u... 2020 Level: beginner Replay of the financial crisis of 2008? What is different today, and what to expect? Adam Tooze & Gerhard Schick Finanzwende The book provides an excellent comparative perspective on New Keynesian "New Consensus" economics and Post-Keynesian Economics at a beginner level. It also offers an interactive tool to understand how the economic models work, especially from a heterodox / pluralist perspective. 2022 Level: beginner Introduction to Macroeconomics: Pluralist and Interactive Franz Prante, Alessandro Bramucci, Eckhard Hein, Achim Truger https://eng.mgwk.de This book presents recent thought on market efficiency, using a complex systems approach to move past equilibrium models and quantify the actual efficiency of markets. 2005 Level: advanced Beyond Equilibrium and Efficiency J. Doyne Farmer, John Geanakoplos Oxford University Press 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. 2017 Level: advanced Marx, Capital and the Madness of Economic Reason David Harvey YouTube An overview of the last century economic theories asking what makes a heterodox economist. This lecture focuses on the evolution of the various academic traditions in economics. Lavoie presents his own typology for categorising seminal work within the post-Keynesian tradition while leaving space to acknowledge that categories are not binary, but can be used to help understand the different traditions, and how they have developed over the last decades. 2019 Level: advanced History and fundamentals of Post Keynesian Macroeconomics Marc Lavoie FMM This episode from Odd Lost podcast with financial analyst Zoltan Pozsar features a discussion on the potential long-term financial effects of the Ukraine-Crisis on dollar and the global currency system centered around it. 2022 Level: advanced Zoltan Pozsar on Russia, Gold, and a Turning Point for the U.S. Dollar Zoltan Pozsar, Tracy Alloway, Joe Weisenthal Bloomberg In this article, Rob Hoveman breaks down concepts like historical materialism and materialist analysis that are pivotal to understand Marx. He argues that abstractions are necessary for a concrete analysis of society that in turn should inform political practice. 2018 Level: advanced Marx and historical materialism Rob Hoveman https://www.rs21.org.uk The authors analyse the role and effects of the US dollar as factual global reserve currency. They demonstrate that a flight into the dollar creates adverse effects for the global economy as it represents a tightening of financial conditions. 2021 Level: advanced Dollar dominance and the international adjustment to global risk Georgios Georgiadis, Gernot Müller, Ben Schumann Centre for Economic Policy Research The piece describes some of the effects that Nixon's decision to delink the dollar from gold in the 1970s had for the relationship between the IMF and its member states. A focus is on the negative effects of this change on societies in the Global South. 2021 Level: beginner Nixon’s decision to delink the dollar from gold still hounds the IMF, South Africa and Africa Danny Bradlow The Conversation The article summarizes the effects that the war in Ukraine, the resulting economic sanctions as well as associated financial turbulences have for cryptocurrencies and their role in the global financial system. 2022 Level: beginner Cryptocurrencies and the war in Ukraine Jon Danielsson Centre for Economic Policy Research Framing borders as an instrument of capital accumulation imperial domination and labor control Walia argues that what is often described as a migrant crisis in Western nations is the outcome for the actual crisis of capitalism conquest and climate change This book shows the displacement of workers in the global … 2021 Level: advanced Border and Rule Harsha Walia Haymarket Books This text summarizes the content of the 2018 Nobel Prize winner W. Nordhaus. It is extended by some critical perspectives on this topic. The short dossier gives an overview of the most important texts we have read in the climate economics reading group. 2018 Level: beginner Climate Economics and the DICE Model William D. Nordhaus and Paul Romer Exploring Economics Within the heterodox field one of the most active topics is related to the theory of economic growth and distribution This is a textbook for advance undergraduate and graduate students Throughout its 18 chapters Classical Neoclassical and post Keynesian models are developed Each chapter contains study problems and suggested readings … 2019 Level: expert Growth and Distribution Duncan K. Foley, Thomas R. Michl, Daniele Tavani Harvard University Press This is an immensely important book for any student of social theory interested in understanding the colonial roots of a lot of contemporary thinking From a post colonial perspective Gurminder Bhambra and John Holmwood unpack how the emergence of modern society in the context of European colonialism and empire impacted … 2021 Level: advanced Colonialism and Modern Social Theory Gurminder K. Bhambra, John Holmwood John Wiley & Sons Free, Fair & Alive is a foundational re-thinking of the commons, the self-organized social systems that human beings have used for millennia to meet their needs. 2019 Level: advanced Free, Fair, and Alive David Bollier, Silke Helfrich New Society Publishers This is an important contribution both to advancing theoretical and empirical understandings of African monetary sovereignty and to putting problems and possibilities relating to African monetary sovereignty on the political agenda This is of utmost importance given that these issues have largely not received much attention in contemporary discussions of … 2021 Level: advanced Economic and Monetary Sovereignty in 21st Century Africa Maha Ben Gadha, Fadhel Kaboub, Kai Koddenbrock, Ines Mahmoud, Ndongo Samba Sylla Pluto Press In this book, Carlota Perez develops her Neo-Schumpeterian concept of "techno-economic paradigms" which captures the patterns underlying the role of technological revolutions in economic development since the Industrial revolution. 2003 Level: advanced Technological Revolutions and Financial Capital Carlota Perez Edward Elgar This edited volume explores how dependency theories can be adapted and applied to understand limits and possibilities for development in Latin America and Europe It explores core periphery relations across different sets of countries specific mechanisms of dependency as well as the role of race and gender in dependency analysis … 2021 Level: advanced Dependent Capitalisms in Contemporary Latin America and Europe Aldo Madariaga, Stefano Palestini Springer Nature Latin America and Europe can both learn from their respective experiences on crisis response and the distributive and democratic implications at national and regional level Democratic and distributive aspects of crisis response monetary financial economic policies and institutional reforms are key but have not been adequately addressed in the literature … 2020 Level: advanced Financial Crisis Management and Democracy Bettina De Souza Guilherme, Christian Ghymers, Stephany Griffith-Jones, Andrea Ribeiro Hoffmann Springer Nature These notes aim to clarify some basic features and implications of gross capital flows In the context of the 2007 08 Global Financial Crisis and the 2010 12 Eurozone Crisis trade imbalances and capital flows received a lot of attention from academics policymakers and the media However there is still … 2020 Level: advanced Gross capital flows and the balance-of-payments: a balance sheet perspective Karsten Kohler Post Keynesian Economics Society Working Paper Series This lecture is all about the challenge to include heterodox approaches into macroeconomics. After giving an overview of recent approaches to that problem Professor Michael Roos presents the theoretical framework of Complexity Economics as a means to combine behavioral aspects with macroeconomics. 2016 Level: advanced Behavioural and Complexity Macroeconomics Michael Roos IMK Sabel and Zeitlin present the persistence of small firms in Europe against the rise of mass production and modern enterprises Their article starts by analysing how mass production can be considered a historical necessity for the classical view as it is a highly specialized structure where man and machine can … 1985 Level: advanced Historical Alternatives to Mass Production: Politics, Markets and Technology in Nineteenth-Century Industrialization Charles Sabel and Jonathan Zeitlin Oxford University Press on behalf of The Past and Present Society From Marketisation to Armed Conflict Since 1991 nominally independent Ukraine has been in turmoil with the Orange Revolution and the Maidan protests marking its most critical moments Now its borders are threatened and the civil unrest and armed conflict continue to destabilise the country In order to understand these dramatic … 2018 Level: advanced Ukraine and the Empire of Capital Yuliya Yurchenko Pluto Press Rethinking Economics NL explores every month together with a new host the field of economics from a different perspective. 2021 Level: beginner Epistemic Humility and Rethinking Economics Julika Frome, Merve Burnazoglu Rethinking Economics NL Despite the important methodological critiques of the mainstream offered by heterodox economics, the dominant research method taught in heterodox programmes remains econometrics. 2016 Level: advanced Handbook of Research Methods and Applications in Heterodox Economics Frederic S. Lee, Bruce Cronin Edward Elgar Publishing Forecasting is required in many situations. Stocking an inventory may require forecasts of demand months in advance. 2018 Level: advanced Forecasting: principles and practice Rob J Hyndman and George Athanasopoulos OTexts From the theoretical literature, the authors provide seven reasons to be sceptical about the occurrence of sufficient decoupling in the future. In addition to the extensive summary of the recent literature, 'decoupling debunked' provides a great introduction into the decoupling hypothesis. 2019 Level: beginner Decoupling debunked: Evidence and arguments against green growth as a sole strategy for sustainability Timothée Parrique, Jonathan Barth, François Briens, Christian Kerschner, Alejo Kraus-Polk, Anna Kuokkanen, Joachim H. Spangenberg European Environmental Bureau In this new book Smith returns to Solow s classic productivity paradox which essentially states that we can see automation everywhere like the spheres of leisure sociality and politics but not in the productivity statistics He examines why labor saving automation in the service age in the Global North has … 2020 Level: advanced Smart Machines and Service Work Jason E. Smith Reaktion Books In this lecture, Branko Milanovic gives an overview of the concept of inequality as conceptualized within the classical school of thought. 2020 Level: beginner Income Inequality in Quesnay, Smith, Ricardo and Marx (Part 1: Quesnay, Smith) Branko Milanovic Youtube A detailed introduction into dependency theory that rethinks its relevance to modern development challenges. 2020 Level: beginner Dependency Theory and Uneven Development Ingrid Kvangraven Crash Course Economics The British historian, Adam Tooze, highlights how the climate crisis is not just an environmental or ecological problem but also a political economy challenge. 2021 Level: beginner Climate, carbon and class Adam Tooze Chartbook Substack Newsletter 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 … 2021 Level: beginner Embracing speculation and liquid identity: The case of the entrepreneur in a post crisis world Wyatt Constantine Conference "Which Pluralism?"