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One of the worlds leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations.
In both economics textbooks and public perceptions central banks are a fact of life. On the wall of my A-level economics classroom there was the Will Rogers quote “there have been three great inventions since the beginning of time: fire, the wheel, and central banking”, summarising how many economists view the institution. There is a widespread belief that there is something different about money which calls for a central authority to manage its operation, a view shared even by staunch free marketeers such as Milton Friedman. This belief is not without justification, since money underpins every transaction in a way that apples do not, but we should always be careful not to take existing institutions for granted and central banking is no exception. In this post I will look at the idea of private or free banking, where banks compete (and cooperate) to issue their own currency.
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 …
Is the Cold War division back with the US EU on the one and China Russia on the other side The article argues that things are more complicated as each of the country compounds has economic and political ties outside of its power bloc It reads the Chinese reactions to …
This course will fundamentally ask whether we can, or even should use the word ‘decolonising’ in our pursuit of a better economics?
This course is an introduction to the economic theories of financial crises It focuses on amplification mechanisms that exacerbate crises such as leverage fire sales bank runs interconnections and complexity It also analyzes the different perspectives on the origins of crises such as mistaken beliefs and moral hazard and discusses …
Galbraith gives an overview of economic history from the 18th century until the end of the 19th century covering issues such as the industrial revolution the enclosure of the Scottish highlands the Irish famine and the colonization of North America Additionally the ideas of economists such as Smith Ricardo Malthus …
How has financialisation changed saving What are its implications on a macro economic level and from a welfare state perspective Craig Berry I PEEL
The vast uncertainty surrounding the possible spread of COVID 19 and the duration of the near economic standstill required to combat it make forecasting little different from guessing Clearly this is a whatever it takes moment for large scale outside the box fiscal and monetary policies Carmen M Reinhart Project …
In this Blog Post on developmenteconomics org Christina C Laskaridis PhD candidate in Economics at SOAS elaborates on the economic fallout of the corona pandemic and especially its impact on the Global South The author focuses in particular on the issue of debt moratoria and debt restructuring and the measures …
Use economic models to learn how prices and markets benefit society in the face of scarcity and then apply those models to analyze policy Jonathan Gruber edX Massachusetts Institute of Technology
Photo by Alina Grubnyak on Unsplash Networks are ubiquitous in our modern society The World Wide Web that links us to and enables information flows with the rest of the world is the most visible example It is however only one of many networks within which we are situated Our …
This collection of videos offers a short introduction to ecological economics and its main differences with respect to environmental economics.
For many social critics "globalization" is a signpost of “late-capitalism” with the rise of multinational corporations, mass consumption and the multidirectional flows of capital, labor, media, communication, ideologies and social movements across national borders. Feminist analyses of globalization and the gendered and sexualized permutations of these phenomena offer a critical stance for theorizing these processes, and for studying their complex articulations across time and space.
Despite the important methodological critiques of the mainstream offered by heterodox economics, the dominant research method taught in heterodox programmes remains econometrics.
In this clear and accessible book, an eminent political scientist offers a jargon-free introduction to the market system for all readers, with or without a background in economics
Diane Perrons and Sigrid Stagl combine feminist and critical environmental economics perspectives to develop a critique of the free market growth model and offer new ideas for a more sustainable gender equitable model of development in the interests of all.
Transition from central planning to a market economy, involving large-scale institutional change and reforms at all levels, is often described as the greatest social science experiment in modern times.
Macroeconomics is fundamental to our understanding of how the world functions today. But too often our understanding is based on orthodox, dogmatic analysis.
A comprehensive account of how government deficits and debt drive inflation
Prof. Yanis Varoufakis talks in this introductory lecture about the future of our economy and the current state of economics with special regard to pluralism in economics.
To prevent the coronavirus shock to demand precipitating a long-lasting depression, government needs to become short-term payer of last resort.
This lecture of the anthropologist David Graeber gives a brief introduction to the thoughts of his 2011 published book Debt: The First 5000 Years.
Have you ever thought about the role of civil society and the evolution of economy in one breath? This one hour long interview of Daron Acemoğlu (MIT) and Martin Wolf (Financial Times) by Rethinking Economy NL gives you much inspiration for it.
Recent events such as the Black Lives Matter protests the the murder of George Floyd in Minneapolis US and the toppling of the statue of Edward Colston in Bristol UK have exposed existing racism colonialism and sexism in our society and in Economics While calls to improve diversity in Economics …
After a brief illustration of sovereign green bonds’ features, this paper describes the market evolution and identifies the main benefits and costs for sovereign issuers. The financial performance of these securities is then analysed.
This website belongs to PolyluxMarx and provides open access material for use while reading Karl Marx Capital For several years now people have been starting to dust off Marx and return to his analysis of society This is mainly due to the social turmoil in global capitalism weaknesses in prevailing …
Blending past and present, this brief history of economics is the perfect book for introducing students to the field.A Brief History of Economics illustrates how the ideas of the great economists not only influenced societies but were themselves shaped by their cultural milieu. Understanding the economists' visions ? lucidly and vividly unveiled by Canterbery ?
This volume is concerned with the different schools within the discipline of economics (theoretical pluralism) and the relationship of economics to other disciplines, such as sociology, political science and philosophy (interdisciplinarity).
For intermediate courses in economics. A Unified View of the Latest Macroeconomic Events Macroeconomics, Blanchard presents a unified, global view of macroeconomics, enabling readers to see the connections between goods, financial markets, and labor markets worldwide.
The second edition of International Political Economy continues to be the perfect short introduction to the fundamental theories and issues of international political economy (IPE).
The recent financial meltdown and the resulting global recession have rekindled debates regarding the nature of contemporary capitalism.
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