Capitalism is dissolving boundaries - not only in the sense of ever-expanding global trade flows, but also in the concrete everyday working lives of individuals. What implications does this have for our understanding of freedom, work and borders? Level: beginner Capitalism & Boundaries   Netzwerk Plurale Ökonomik e.V. Ever wondered why some countries are rich and others poor Or why some people believe hard work results in upward mobility and others don t To answer these questions you need to see the world sociologically In this introductory sociology course we will explore the concerns of an interconnected global … Level: beginner Global Sociology Smitha Radhakrishnan Wellesley College What possibilities exist for a fairer world Can one person truly make a difference In this social sciences course we sample the possibilities and limits of social change in an interconnected inequitable global landscape This course features in depth examinations of the rise of garment work for Bangladeshi women a … Level: beginner Global Social Change Smitha Radhakrishnan Wellesley College Shadow banking became one of the main features of modern market based financial capitalism and financial globalisation. Daniel Gabor locates this development in a Super-Cycle framework and sketches out opportunities to launch a new cycle that is green and just through financial regulation and publicly organised sustainable finance. 2019 Level: advanced Shadow banking and financial market regulation FFM Conference 2019, Daniela Gabor Hans-Böckler-Stiftung Can pluralism in economics be useful to tackle the fight against climate change? How can a diversity in methods and ideas allow for a better understanding of the issue of the climate crisis? What solutions do different schools of thought offer to overcome the most pressing challenge of the 21st Century? Our Rethinker Henrika Meyer will give you some answers and give you a glimpse of the solutions pluralism offers to tackle the fight against climate change. 2020 Level: beginner Climate Economics Henrika Meyer Rethinking Economics Can pluralism in economics be useful to tackle the fight against climate change? How can diversity in methods and ideas allow for a better understanding of the issue of the climate crisis? What solutions do different schools of thought offer to overcome the most pressing challenge of the 21st Century? Our Rethinker Henrika Meyer will give you some answers and give you a glimpse of the solutions pluralism offers to tackle the fight against climate change. 2020 Level: beginner Clips on Climate: Complexity Economics Henrika Meyer Rethinking Economics "Bank Underground" is the staff blog of the Bank of England, founded to publish the views and insights of the people working for one of the world's oldest central banks. The blog covers a wide range of macroeconomic topics, mostly linked to the effects of monetary policy, of course, but not all the time. It provides timely, relevant analysis of contemporary challenges in economic policy and is thus often a perfect primer. Level: advanced Bank Underground Various staff of the 'Old Lady in Threadneedle Street' Bank of England staff blog 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 … Level: beginner Financial Crises Alp Simsek Massachusetts Institute of Technology David Harvey is a Distinguished Professor of Anthropology Geography at the Graduate Center of the City University of New York CUNY the Director of Research at the Center for Place Culture and Politics and the author of numerous books He has been teaching Karl Marx s Capital for nearly 50 … Level: advanced Reading Marx’s Capital David Harvey City University of New York Der Klimawandel dürfte die globalen Migrationsbewegungen in den kommenden Jahren deutlich verstärken – was die Politik gleich an mehreren Fronten unter Handlungsdruck setzt. Level: beginner Ob Klima-Migration ein Sicherheitsrisiko oder eine Chance darstellt, liegt in den Händen der Politik Barbora Sedova Economists for Future Since the 1980s, the financial sector and its role have increased significantly. This development is often referred to as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of finance manifests a new era in the history of capitalism. The present article first provides some general discussion on the term financialization and presents some stylized facts which highlight the rise of finance. Then, it proceeds by briefly reviewing the main arguments in the Marxian framework that proposedly lead to crisis. Next, two schools of thought in the Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the contradictions imposed by financialization that disrupt the growth process and also stress the fragilities imposed by the new growth regime. The two approaches introduced here are the Social Structure of Accumulation Theory and Monthly Review School. The subsequent part proceeds with the Post-Keynesian theory, first introducing potential destabilizing factors before discussing financialization and the finance-led growth regime. The last section provides a comparative summary. While the basic narrative in all approaches considered here is quite similar, major differences stem from the relationship between neoliberalism and financialization and, moreover, from the question of whether financialization can be considered cause or effect. 2016 Level: advanced Financialization and the crises of capitalism Petra Dühnhaupt Institute for International Political Economy Berlin The COVID-19 pandemic has had far-reaching implications across the African continent. This discussion brings to light the role of African think tanks, such as the African Center for Economic Transformation (ACET) in rethinking the continent’s development models, especially, in light of the unprecedented crisis. 2020 Level: beginner Growth with 'DEPTH' should guide economic transformation in Africa   Institute for New Economic Thinking Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2019 Level: advanced Karl Marx: An early post-Keynesian? Eckhart Hein Institute for International Political Economy Berlin Mainstream inflation theories in economics do little to explain the recent acceleration in price increases. The associated economic policy recommendations further increase the misery of low-income groups. 2023 Level: beginner The inflation conundrum Thomas Sablowski Exploring Economics This paper presents an overview of different models which explain financial crises, with the aim of understanding economic developments during and possibly after the Great Recession. In the first part approaches based on efficient markets and rational expectations hypotheses are analyzed, which however do not give any explanation for the occurrence of financial crises and thus cannot suggest any remedies for the present situation. A broad range of theoretical approaches analyzing financial crises from a medium term perspective is then discussed. Within this group we focused on the insights of Marx, Schumpeter, Wicksell, Hayek, Fisher, Keynes, Minsky, and Kindleberger. Subsequently the contributions of the Regulation School, the approach of Social Structures of Accumulation and Post-Keynesian approach, which focus on long-term developments and regime shifts in capitalist development, are presented. International approaches to finance and financial crises are integrated into the analyses. We address the issue of relevance of all these theories for the present crisis and draw some policy implications. The paper has the aim to find out to which extent the different approaches are able to explain the Great Recession, what visions they develop about future development of capitalism and to which extent these different approaches can be synthesized. 2015 Level: advanced Theories of finance and financial crisis: Lessons for the Great Recession Nina Dodig, Hansjörg Herr Institute for International Political Economy Berlin In this one-on-one interview, co-host Gerardo Serra talks with Felwine Sarr, author of Afrotopia (2016) and professor of economics at Gaston Berger University in Senegal. Topics include the relevance (or lack thereof) of development economics to conditions in African economies, the significance of African philosophy for thinking about the economic problems of the continent, and the status of the field of history of economic thought in Africa. 2018 Level: beginner Smith and Marx Walk into a Bar - A History of Economics Podcast Gerardo Serra, Felwine Sarr History of Economics Society What are the challenges and opportunities for achieving decent work in global supply chains How do transnational corporations and their global supply chains operate How can they be more effectively governed Mark Anner Esther Busser Michael Fichter Tandiwe Gross Frank Hoffer Jenny Holdcroft Praveen Jha Maité Llanos Adam Lee Victor … Level: beginner Decent Work in Global Supply Chains Mark Anner, Esther Busser, Michael Fichter, Tandiwe Gross, Frank Hoffer, Jenny Holdcroft, Praveen Jha, Maité Llanos, Adam Lee, Victor Hugo Ricco, Christoph Scherrer Iversity First published in 1983. A collection of papers directed at those outside the field of Economics, to open up discussions around the scientific worth of Economics. 2020 Level: advanced Why Economics is not yet a Science Eichner, Alfred S. Routledge Turning the ideas of #DoughnutEconomics into action. Level: beginner Doughnut Economics Action Lab   Doughnut Economics Action Lab Is our knowledge of the world essentially rational What does it mean to be burdened with the gift of rationality Philosopher Corine Besson considers the nature of humanity s defining trait Corine Besson iai University of Sussex Level: beginner Knowledge and Rationality Corine Besson University of Sussex This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes intrinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the European economic crisis, which to some extent already reflects the structural theoretical framework presented in chapter three. Regarding the theoretical framework Michael Heinrich's interpretation of 'the' Marxian monetary theory of value will be presented. Heinrich identifies connections between production and realization, between profit and interest rate as well as between industrial and fictitious capital, which represent contradictory tendencies for which capitalism does not have simple balancing processes. In the context of a discussion of 'structural logical aspects' of Marx's Critique of the Political Economy, explanatory deficits of Heinrich's approach are analyzed. In the following, it is argued that Fred Moseley's view of these 'structural logical aspects' allows empirical 'applications' of Marxian monetary theories of value. It is concluded that a Marxian monetary theory of value, with the characteristics of expansive capital accumulation and its limitations, facilitates a structural analysis of the European economic crisis from 2007 onwards. In this line of argument, expansive production patterns are expressed, among other things, in global restructuring processes, while consumption limitations are mitigated by expansive financial markets and shifts in ex-port destinations. 2019 Level: expert The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation Sascha Gander Institute for International Political Economy Berlin Dr. Katherine Trebeck explains some reasons why we should believe the future of the economy should be a wellbeing economy. 2020 Level: beginner Why the Future Economy has to be a Wellbeing Economy Katherine Trebeck TEDx Talks Source image UMassEconomics Youtbe channel Stephen Resnick UMassEconomics University of Massachusetts Amherst Level: beginner Marxian Economics Lectures Stephen Resnick University of Massachusetts Amherst Marxian Political Economy focuses on the exploitation of labour by capital. The economy is not conceived as consisting of neutral transactions for exchange and cooperation, but instead as having developed historically out of asymmetric distributions of power, ideology and social conflicts. Marxian Political Economy     This brief note explores the possibility of working towards an enlarged self-definition of economics through economists’ study and appreciation of economic sociology. Common ground between economic sociology and heterodox economics is explored, and some of Richard Sennett’s ideas are used as prompts to raise some pertinent and hopefully interesting questions about economics. In particular, the note revisits the question of whether there is a possibility of changing our understanding of what kind of social scientific work falls within the domain of economics proper once we start critically engaging with work conventionally considered to be outside of that domain. In part, the note is intended to offer undergraduate students in economics – and possibly even those further down the road in their education – food for thought about what constitutes economics. 2016 Level: advanced On the Possibility of an Enlarged Self-Definition of Economics Daniyal Khan New School for Social Research, Department of Economics This report presents the results of the “Financial Mechanisms for Innovative Social and Solidarity Economy Ecosystems” project, designed to foster a better understanding of the different ways in which financial resources can be made available and accessed to support the growth of social and solidarity economy (SSE) organizations and their ecosystems. The project is supported by the Ministry of Labour, Employment and Social and Solidarity Economy of the Government of the Grand Duchy of Luxembourg. 2019 Level: advanced Financial Mechanisms for Innovative Social and Solidarity Economy Ecosystems Samuel Barco Serrano / Riccardo Bodini / Michael Roy / Gianluca Salvatori International Labour Organization The resource map contains links to a collection of resources related to the circular economy, which include videos, presentations, graphics, business case studies and articles. Many of the resources were created by the Ellen MacArthur Foundation, others are given credit where due. Level: beginner Circular economy resources map   Ellen MacArthur Foundation In this overview paper, Laura Porak reviews the history of industrial policy in the European Union before the background of a Cultural Political Economy approach. 2023 Level: beginner History of Industrial Policy in the EU Laura Porak Exploring Economics Feminist economics focuses on the interdependencies of gender relations and the economy. Care work and the partly non-market mediated reproduction sphere are particularly emphasised by feminist economics. Feminist Economics     Evolutionary economics focuses on economic change. Hence processes of change such as growth, innovation, structural and technological change, as well as economic development in general are analysed. Evolutionary economics often gives emphasis to populations and (sub-)systems. Evolutionary Economics     Institutional economics focuses on the role of social institutions in terms of laws or contracts, but also those of social norms and patterns of human behaviour that are connected to the social organisation of production, distribution and consumption in the economy. Institutionalist Economics     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