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In "The Money Problem, "Morgan Ricks argues for a reform of the American monetary system. Taking up foundational questions of monetary policy, he asks: how would we construct a monetary system if we were starting from scratch? What are the characteristics of a monetary instrument? 2016 Level: advanced The Money Problem Morgan Ricks University of Chicago Press The workshop deals with the contribution of Plural Economics to the urgently  needed change of the economic system towards sustainability and global  responsibility.  After completing the module, participants should be able to demarcate and  explain different economic approaches to sustainability. They should be able to  evaluate the respective concepts based on their contribution to the ecological  transformation of the economic system. 2022 Level: beginner Pluralist Economics for a Sustainable Economic Future Sarah Lange Summer Academy 2022 for Pluralist Economics This blog post reviews "Democratizing Finance", an edited volume that analyses and provides policy proposals to ensure that the financial system serves the public good. Mquzama undertakes the task of summarising the main takeaways from each essay in the book as well as an exposition of its shortfalls. While he acknowledges the necessity of the book's reimaging capitalism and the financial system in a way that is practical within the current economic and political structures, he also highlights its failure to look beyond the United States of America. 2022 Level: beginner Book Review: Democratizing Finance Fred Block, Robert Hockett Verso Books This article outlines the fundamental challenges of democratically planned economies and categorises proposed models into six groups, each of which approaches planning and coordination at different levels of authority and between myriad economic units in a particular way, taking into account efficiency as well as democratic principles and environmental and social sustainability. Through a classification system based on decision-making authority and mediation mechanisms, the article provides a framework for understanding and comparing these models. By examining their different approaches, it offers insights into the complexities and potential paths of democratically planned economies in the 21st century. 2024 Level: beginner Rethinking Democratic Economic Planning: An Overview Jakob Heyer Exploring Economics With the onset of an economic crisis that has been universally acknowledged since the end of March, two main questions arise: To what extent is the corona pandemic the starting point (or even the cause) of this crisis? And secondly: can the aid programmes that have been adopted prevent a deep and prolonged recession? 2020 Level: beginner Economic crisis only because of the Corona pandemic? Jakob Schäfer Exploring Economics The world has seen the emergence of a rather different system of international lender of last resort organized as a network of central bank liquidity swap lines largely limited to the core countries of the Global North In this system central banks swap their own currency for dollars which they … 2021 Level: expert “Where’s My Swap Line?”: A Money View of International Lender of Last Resort Perry Mehrling Boston University Global Development Policy Center Steve Keen analyses how mainstream economics fails when confronted with the covid-19-pandemic. Mainstream economics has propagated the dismantling of the state and the globalization of production - both of which make the crisis now so devastating. More fundamentally, mainstream economics deals with market systems, when what is needed to limit the virus’s spread is a command system. 2020 Level: beginner The Coronavirus and the End of Economics Steve Keen Exploring Economics Whether a black swan or a scapegoat, Covid-19 is an extraordinary event. Declared by the WHO as a pandemic, Covid-19 has given birth to the concept of the economic “sudden stop.” We need extraordinary measures to contain it. 2020 Level: beginner Triggering a Global Financial Crisis: Covid-19 as the Last Straw T Sabri Öncu Counterpunch, Prime Modern Monetary Theory (MMT) is a school of monetary and macroeconomic thought that focuses on the analysis of the monetary and credit system, and in particular on the question of credit creation by the state. 2020 Level: beginner Modern Monetary Theory Nathalie Freitag Exploring Economics 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 Is our system capable of energy transition and climate protection? How plural is economic policy in practice and who makes the big decisions? What kind of change do we want? 2021 Level: beginner Energy and Climate Economics - Where do we come from and where do we have to go? Claudia Kemfert YouTube (MÖVE) 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. 2020 Level: beginner Whither Central Banks? Cahal Moran Rethinking Economics Rethinking Regulation of International Finance encapsulates the most important aspects of the development and operation of the international financial system. This book questions the fundamental basis of the existing international financial architecture (soft law) and explores the need for a compliance-based model based on legitimacy of regulations and accountability of the regulatory bodies in international financial stability. 2018 Level: advanced Rethinking Regulation of International Finance Uzma Ashraf Barton Kluwer Law International Complexity economics focuses on interactions and interdependencies between individuals and structures in economic systems. Those are systems of organised complexity. High importance is given to the analysis of networks. Complexity Economics     The general idea of a Job Guarantee (JG) is that the government offers employment to everybody ready, willing and able to work for a living wage in the last instance as an Employer of Last Resort. The concept tackles societal needs that are not satisfied by market forces and the systemic characteristic of unemployment in capitalist societies. Being a central part of the Modern Monetary Theory (MMT), attention for the JG concept rose in recent years. 2020 Level: beginner The Job Guarantee Jannik Landwehr Exploring Economics In his 2010 published book “The Enigma of Capital and the Crises of Capitalism” multi-talented US geographer, anthropologist and Marxist economist David Harvey aims to analyse the capitalist system that has shaped western society and the globalized world of today. 2011 Level: advanced The Enigma of Capital David Harvey Profile Books Social and Solidarity Economy (SSE) and Feminist Economics make a conjoint statement: The way we see the economic system has nothing to do with human beings nor those who have been surviving outside the market. 2015 Level: beginner Decolonial Feminist Economics: A Necessary View for Strengthening Social and Popular Economy Viewpoint Magazine Medium "First published more than a decade ago, Globalizing Capital has remained an indispensable part of economic literature. This classic book emphasizes the importance of the international monetary system for understanding the international economy. The second edition, published in October 2008, has consistently appeared on syllabuses since its release 2019 Level: advanced Globalizing Capital Barry Eichengreen Princeton University Press Post-Keynesians focus on the analysis of capitalist economies, perceived as highly productive, but unstable and conflictive systems. Economic activity is determined by effective demand, which is typically insufficient to generate full employment and full utilisation of capacity. Post-Keynesian Economics     This text provides an easy to understand introduction to complexity economics for non-specialist audiences such as bachelor's students. 2023 Level: beginner Think Complexity Economics is too Complicated? Then this is for you. Dennis Venter, Arpitha Varma Exploring 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. Level: beginner The Role of Fiscal Policy in Climate Change Mitigation Via Environmental Management and Sustenance in Nigeria Ayuba Yahaya Karatu Exploring Economics Exploring Economics Dossier on the economic fallout of the COVID-19 pandemic and the structural crisis of globalization. COVID-19 encounters a structural crisis of globalization and the economic system that drives it, with an uncertain outcome. We asked economists worldwide to share with us their analysis of current events, long-term perspectives and political responses. The dossier will be continuously expanded. 2020 Level: beginner The Next Great Recession? Exploring Economics Dossier   Exploring Economics As the world's energy system faces a period of unprecedented change, a global struggle over who controls the sector--and for what purposes--is intensifying. The question of "green capitalism" is now unavoidable, for capitalist planners and anti-capitalist struggles alike. 2010 Level: advanced Sparking a Worldwide Energy Revolution Kolya Abramsky AK Press 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 Ecologcial economics conceptualizes our society as embedded within the environment and our economic system as embedded within society and the environment. 2021 Level: beginner Is ecological economics for rebels? Accounting for natural resources Dr. Anke Schaffartzik Exploring Economics Public lectures on some Traditional Economic Solutions to poverty in Nigeria, specifically the Igbo Apprentice System, Yoruba Ajo Thrift Savings, and Hausa Integral Communalism. 2021 Level: expert Traditional Wealth Creation Schemes in Nigeria Dr Sam Amadi, Dr Oyewale Ayodele, Barr Sam Hart Rethinking Economics The Uploaders (RETU)

In the graveyard of economic ideology, dead ideas still stalk the land.

The recent financial crisis laid bare many of the assumptions behind market liberalism—the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. 2012 Level: beginner Zombie Economics John Quiggin Princeton University Press The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery. 2017 Level: advanced Fictitious Capital Cedric Durand Verso Those who control the world’s commanding economic heights, buttressed by the theories of mainstream economists, presume that capitalism is a self-contained and self-generating system. 2021 Level: beginner Capital and Imperialism Utsa Patnaik, Prabhat Patnaik NYU Press Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. 2011 Level: advanced Modern Political Economics Yanis Varoufakis, Joseph Halevi, Nicholas Theocarakis Routledge Paul Mason presents the main arguments of his book PostCapitalism. First, he argues that capitalism runs out of its capability to adapt to crises and second states that information technology challenges the capitalist system. In a nutshell, he argues that a society which fully exploits information technologies can't include concepts such as intellectual property, free market or private ownership. This has far-reaching consequences for the organisation of wages and work. The talk stops at minute 37.30. 2015 Level: beginner The Future of Capitalism Paul Mason The RSA Founded in 1968, The Union for Radical Political Economics (URPE) is an interdisciplinary membership organization of academics and of activists. Its mission is to promote the study, development and application of radical political economic analysis to social problems. Concretely, this involves a continuing critique of both the capitalist system, and of all forms of exploitation and oppression. URPE’s mission also includes, coming out of this critique, helping to construct a progressive social policy, and a human-centered radical alternative to capitalism. Level: beginner Union for Radical Political Economics   Union for Radical Political Economics

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