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Economics need to change - now more than ever! With Exploring Economics, we strengthen alternative economic approaches and counter mainstream economics with a critical and pluralistic vision of economic education. We also provide background analyses on current economic debates to strengthen a critical economic discourse.
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This lively introduction to heterodox economics provides a balanced critique of the standard introductory macroeconomic curriculum. In clear and accessible prose, it explains many of the key principles that underlie a variety of alternative theoretical perspectives (including institutionalist economics, radical economics, Post Keynesian economics, feminist economics, ecological economics, Marxist economics, social economics, and socioeconomics).
Reintroducing Macroeconomics
In this post, Rethinking Economics sets out what it means to decolonise economics education and how we can do that. The article first breaks decolonising down into a "mind-set" and a "process", then applies this process to economics education. It finishes with a reading list and some suggested actions to get you started decolonising economics today.
Let's Decolonise Economics Education!
The Handbook on the Economics of Conflict conveys how economics can contribute to the understanding of conflict in its various dimensions embracing world wars, regional conflicts, terrorism and the role of peacekeeping in conflict prevention. The economics of conflict is a relatively new branch of the discipline of economics.
Handbook on the Economics of Conflict
Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Reclaiming the university: Transforming economics as a discipline
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
The Political Economy of Inequalities
In this short talk „On Economics“ Ha-Joon Chang, author of the book „Economics: The User's Guide“, gives a critical wrap-up on the economic discipline – on what is perceived as economics, what are dominant paradigms, the role of numbers and economics in public life. He further elaborates on the importance of heterodox schools of thought.
Ha-Joon Chang on Economics
The goal of this brief report is to put in one place some of the works that have come out of the movement to reform economics education. True to their training, the student movement for pluralism in economics education has been marked by an impressive amount of research: both on economics education itself and on more topical subjects within economics.
Mapping Pluralist Research - An overview of research within the student movement for pluralism in economics
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"
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
Is or has economics ever been the imperial social science? Could or should it ever be so? These are the central concerns of this book. It involves a critical reflection on the process of how economics became the way it is, in terms of a narrow and intolerant orthodoxy, that has, nonetheless, increasingly directed its attention to appropriating the subject matter of other social sciences through the process termed "economics imperialism".
From Economics Imperialism to Freakonomics
Ecological economics explores new ways of thinking about how we manage our lives and our planet to achieve a sustainable, equitable, and prosperous future. Ecological economics extends and integrates the study and management of both "nature's household" and "humankind's household"—An Introduction to Ecological Economics, Second Edition, the first update and expansion of this classic text in 15 years, describes new approaches to achieving a sustainable and desirable human presence on Earth.
An Introduction to Ecological Economics, Second Edition
Until the end of the early 1970s, from a history of economic thought perspective, the mainstream in economics was pluralist, but once neoclassical economics became totally dominant it claimed the mainstream as its own. Since then, alternative views and schools of economics increasingly became minorities in the discipline and were considered 'heterodox'.
Reclaiming Pluralism in Economics
Best-selling books such as Freakonomics and The Undercover Economist have paved the way for the flourishing economics-made-fun genre. While books like these present economics as a strong and explanatory science, the ongoing economic crisis has exposed the shortcomings of economics to the general public.
Economics Made Fun
This book is an authoritative and accessible guide to the pluralist movement threatening to revolutionise mainstream economics. Leading figures in the field explain why pluralism is a required virtue in economics, how it came to be blocked and what it means for the way we think about, research and teach economics.
Pluralist Economics
Alvin Roth and Lloyd Shapely won the Nobel Memorial Prize in Economic Sciences for their work on market design back in 2012, but it is a field that is still underrepresented in economics education. All markets have rules, and how these rules are set influence how the market functions.
The economics of legalising cannabis
This lecture course, which will be taught in English, will deal with gender issues in developing countries. After providing an overview of the gender differences in various aspects of welfare and economic life, the course will then tackle a number of specific issues.
Gender and Development
Philosophy of Economics: A Contemporary Introduction is the first systematic textbook in the philosophy of economics introduces to the epistemological, metaphysical and ethical problems that arise in economics, and presents detailed discussions of the solutions that have been offered.
Philosophy of Economics
This essay suggests to bring together two aspects of economic thought which so far have developed largely separately: degrowth and feminist economics. In this strive, the concept of care work and its role in feminist economics will be introduced and the downsides of the commodification of care work will be discussed. Subsequently, contributions to the discussion on the (re)valuation of care work will be taken into account.
Who cares? A convergence of feminist economics and degrowth
Who are the 86 laureates of the economics “Nobel prize”, and what are their scientific contributions? This course will present the major concepts, theories, and results in modern economics, through an overview of the work of a selection of economics “Nobel prize” as well as Leontief prize laureates.
Economics by its Nobel prizes
This book provides a comprehensive description of this intriguing new area of feminist economics. It includes discussion of what constitutes feminist economics and how feminist economics is different from other approaches
Advanced Introduction to Feminist Economics
What do modern academic economists do? What currently is mainstream economics? What is neoclassical economics? And how about heterodox economics? How do the central concerns of modern economists, whatever their associations or allegiances, relate to those traditionally taken up in the discipline?
Essays on the Nature and State of Modern Economics
This collection of previously published and new papers is a major intervention in the on-going debate about the nature and future of economics. Instead of the present deductivist-formalist orientation of mainstream economics, Lars Syll advocates for the adoption of a more pluralist approach to economics, arguing for more realism and relevance with less insistence on mathematical modeling.
On the Use and Misuse of Theories and Models in Mainstream Economics
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
Understanding the financial crisis from four very different economic theories: Social Economics, Institutional Economics, Post Keynesian economics.
Economics from a pluralist perspective
Making sense of economists and their world in a persuasive and entertaining style, Arjo Klamer, shows that economics is as much about how people interact as it is about the models, the mathematics, the econometrics, the theories and the ideas that come from the enormous aggregate of economics literature. Knowing and understanding economics requires both bookwork and mingling with other economists.
Speaking of Economics
Ecological economics addresses one of the fundamental flaws in conventional economics--its failure to consider biophysical and social reality in its analyses and equations. Ecological Economics: Principles and Applications is an introductory-level textbook that offers a pedagogically complete examination of this dynamic new field.
Ecological Economics - A Workbook for Problem-Based Learning
This fresh and unique textbook provides students and general readers with an introduction to economics from a new and much needed perspective, characterised by its uniquely pluralist, sustainable, progressive and global approach.
Unlike traditional textbooks, Introducing a New Economics contains the key concepts of pluralism, sustainability and justice. It provides students with the central questions covered by economics including resources, work, employment, poverty, inequality, power, capital, markets, money, debt and value.
Introducing a New Economics
This lecture is based on the “Introducing the Economy” chapter from the Economy Studies book, which introduces the first building block in their framework for transforming the economics education. The aim is to give students a feel and
understanding of the economy as part of a bigger whole. Thus, it is aimed to introduce to students before getting into the economics curriculum with theory and models.
Introducing the Economy
Since Daniel Kahneman won the Nobel Memorial Price in Economic Sciences in 2002, a new branch of economics gained academic and popular interest. That is, the so-called area of behavioural economics. However, some scholars claim that this new area of economics is not changing much of the mainstream paradigm. Why?
Is Behavioural Economics the New Mainstream?
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 video animates part of the talk “On Economics” by Ha-Joon Chang in which he states that economics is not a science for experts but for everyone. Chang further argues why it is important to take into account different perspectives on economics – he identifies at least nine school of thoughts which all have their strengths and weaknesses and presents examples on free trade and well-being. Chang further elaborates on the difficulties of changing the economic status quo.
Economics Is For Everyone!
Gilles Carbonnier, Professor of Development Economics and Director of Studies at The Graduate Institute Geneva, explains the emerging field of Humanitarian Economics. It analyses how economics can help to better grasp and respond to humanitarian crises, and why capturing market dynamics - including the humanitarian market itself, or in relation to e.g. kidnapping and detention in war - has become critical.
The Birth of Humanitarian Economics
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