326 results

Galbraith first explores the social darwinism of Herbert Spencer and others that served as apology for the highly unequal distribution of wealth in the US at the end of the 19th century and naturalized differences in wealth by appealing to the concept of natural selection of the fittest. Then some instances of the unscrupulous business practices (i.e. robberies) of the American railroad tycoons and other business magnates are recounted. Lastly, Galbraith lines out some of the arguments of Thorstein Veblen, who delegitimized and ridiculed the business and leisure activities of the rich by putting them in the same category as predatory and ritualized practices of primitive or ancient societies.
Level: beginner
The Age of Uncertainty Episode 2 - The Manners and Morals of High Capitalism
Economist and politician Costas Lapavitsas: presents differing theoretical definitions of financialization, namely from Marxist and Post-Keynesian thinkers and compares their approaches. By presenting pattern and features of the economic and financial crisis, he interprets the latter as a crisis of financialization. Lapavitsas emphasizes his arguments by presenting data from the U.S. and Germany on the transformation of business, banks and households.
2015
Level: beginner
The Financialisation of Capitalism
Ha Joon Chang exposes the main ideas of his book Bad Samaritans, namely that historically states have developed and industrialized by making policy interventions related to industry protection, tariffs and subsidies and not by opening their markets to free trade. Chang elaborates on the examples of Japan, the US, Singapore and Germany amongst others to show that an interventionist path to development has been the regularity and not an anomaly. In the end of the lecture, he argues that they idea of a level playing field should be replaced by a trade order that accounts for differences in power and economic capacities of different countries. The last 20 minutes are questions and answers.
2008
Level: beginner
Ha-Joon Chang - Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
What does political economy say about the global sugar production? Take a look at global trade regulations, intercountry inequalities, and the role of marketing.
2015
Level: beginner
Global sugar production - regulations, intercountry inequalities, and marketing
Anwar Shaikh explores alternative economic explanations, emphasizing 'real competition' theory and the role of imperfections in economic patterns.
2017
Level: advanced
Capitalism: Competition, Conflict, Crisis
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
In this short video Peter Reich illustrates seven aspects of the state of the US economy. He provides suggestions on how to to get started to move towards a more fair distribution of wealth.
2019
Level: beginner
Everything You Need to Know About the New Economy
This content submission has two parts: (1) a link to the post by Wolf Richter on deterioration of US subprime credit card debt and loans, driven in part by the overuse of hedonic quality adjustments in the Consumer Price Index (CPI) used by the US Bureau of Labor Statistics, and (2) to introduce Exploring Economics to the website Naked Capitalism, which is an effort to promote critical thinking through the medium of a finance and economics blog and fearless commentary.
2019
Level: expert
What’s Behind the Subprime Consumer Loan Implosion?
Quinn Slobodian a historian of modern Germany and international history analysis of current development in the Mont Pèlerin Society and therefore neo-liberalism. He sees neo-liberalist thinkers less as believers in the self-healing power of markets, but more as ordo-liberal Globalists who wanted to protect the markets from post-war politics and especially mass democracy. Their goal of global capitalism is still strong, however sceptics in the Mont Pèlerin Society are rising, which see international migration as a threat to Globalisation. Therefore, turning neo-liberal policies away from international institutions like the EU back towards the national states as new defenders of the markets as well as international trade and investments. (A development which can be seen in the Friedrich A. von Hayek-Gesellschaft and especially in the "liberal" wing of the German rightwing populist party AfD)
2019
Level: advanced
Neo-liberal Globalism and the Backlash from Within
Mariana Mazzucato explains how we lost sight of what value means and why we need to rethink our current financial systems so capitalism can be steered toward a bold, innovative and sustainable future that works for all of us.
2019
Level: beginner
What is economic value, and who creates it?
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
Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There is however a long tradition of economic analysis which emphasises how growth in a capitalist economy leads to an accumulation of tensions and results in periodic crises. This paper first reviews the work of Karl Marx who was one of the first writers to incorporate an analysis of periodic crisis in his analysis of capitalist accumulation. The paper then considers the approach of various subsequent Marxian writers, most of whom locate periodic cyclical crises within the framework of longer-term phases of capitalist development, the most recent of which is generally seen as having begun in the 1980s. The paper also looks at the analyses of Thorstein Veblen and Wesley Claire Mitchell, two US institutionalist economists who stressed the role of finance and its contribution to generating periodic crises, and the Italian Circuitist writers who stress the problematic challenge of ensuring that bank advances to productive enterprises can successfully be repaid.
2014
Level: advanced
Finance and Crisis: Marxian, Institutionalist and Circuitist approaches
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)
Along with addressing core conceptual issues in defining heterodox economics, we will cover in some detail five heterodox traditions in economics: Marxian Economics, Institutional Economics, Post-Keynesian Economics, Feminist Economics, and Ecologi-cal Economics. In the first class meeting, we discuss the structure and goals of the course, as well as the expectations and requirements from the students. In addition, we will discuss the concept of heterodoxy in economics, along with discussing the concepts and key issues in mainstream and neoclassical economics.
2020
Level: advanced
Heterodox Economics
This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article aims to clarify how the prevailing institutional structure and its changes had contributed to or had countervailed the spread of financialization and how it had shaped the specific German variant of financialization. For this end, it combines the rich literature on Germany's institutional structure with the more macroeconomic oriented literature on financializaton. With the combination of those different perspectives the article sheds light on the reasons for the spread of financialization and the specific forms it has taken in Germany.
2019
Level: beginner
Financialization made in Germany: A review
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
2019
Level: advanced
Marx's approach to economics: a claim for subjective praxis
This part is devoted to simulation experiments based on the simulation model developed in part I from the value theoretic reconstruction of the main parts of Marx s critique of Political Economy After introducing the main parameters and the range of their variation Section 1 a singular run as well …
2020
Level: advanced
A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model Part II
This course focus on the behaviour of individuals from an pluralist economic and an interdisciplinary bevavioural science apprach.
2020
Level: advanced
Actors, Behaviours and Decision Processes
The infographic focuses on women's hidden work that goes unrewarded due to the patriarchal setup and how it can be economically analysed. The article on which the infographic is based is written in an Indian context, although the phenomenon isn't confined to a single nation alone.
2013
Level: beginner
Capitalism + Patriarchy = Women's Hidden Work
This film looks at the role economic growth has had in bringing about this crisis, and explores alternatives to it, offering a vision of hope for the future and a better life for all within planetary boundaries.
2020
Level: beginner
Fairytales of Growth
Is degrowth bad economics To properly answer this question it is essential to understand what economic growth really is The term growth is often associated with an increase in wealth a term loosely defined but according to the degrowth movement economic growth is a narrower concept only describing an increase …
2022
Level: beginner
Is prosperous degrowth feasible?
After completing the module, participants should be able to analyse the concepts of degrowth, ecological unequal exchange, Green New Deal, and embeddedness by applying theories situated within the fields of academic research of Ecological Economics and Political Ecology.
2021
Level: beginner
Political ecology, Degrowth and the Green New Deal
This panel is about discussing the international development discipline from a critical perspective, exploring how the current practice entangles with Eurocentric/neo-colonial thoughts and how can we move beyond them.
2018
Level: advanced
Decolonise Development: Thoughts and Theories
Drawing on Gramsci s Marxist Political Economy Mike Davis situates the War in Ukraine within the general condition of a crisis of capitalist hegemony The key argument is that the pathological and violent situation that we are finding ourselves in today is an expression of the inability of both global …
2022
Level: beginner
Thanatos Triumphant
What determines the status of women in different communities? What role is played by women’s labor (inside and outside of the home)? By cultural norms regarding sexuality and reproduction? By racial/ethnic identity? By religious traditions? After some brief theoretical grounding, this course will address these questions by examining the economic, political, social, and cultural histories of women in the various racial/ethnic groups that make up the US today.
2017
Level: beginner
Political Economy of Women
In this lecture, Sanjay Reddy reviews the work of János Kornai, especially his critique of the socialist system, which is rooted in his understanding of the eminently political character of socialism.
2020
Level: beginner
János Kornai's Critique of the Socialist System
Money is the fantasy that makes the world go round. Where did it come from and what is its future? From the Bank of England to Bitcoin and the Bristol Pound, LSE sociologist Nigel Dodd explores.
Level: beginner
The future of money
The first day of the workshop is intended to initiate students to the foundational concepts of ecological economics. Ecological economics is an ecological critique of economics, applying the energetics of life to the study of the economy. It also investigates the social distribution of environmental costs and benefits. It does so by deconstructing concepts that are taken for granted like “nature” or “the economy”, excavating their ideological origins.
2022
Level: beginner
Political ecology, degrowth, and the Green New Deal
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
Anwar Shaikh seeks in his lectures for alternative explanations for empirically observed macro and microeconomic patterns of economic fluctuations, price volatility, and economic development.
Level: advanced
Capitalism: Competition, Conflict, Crisis
This syllabus provides an overview of the content of the Philosophy of Economics course at the University of Wisconsin-Madison.
2015
Level: beginner
Philosophy of 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.
2022
Level: beginner
Introducing the Economy

Donate

This project is brought to you by the Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.).  It is committed to diversity and independence and is dependent on donations from people like you. Regular or one-off donations would be greatly appreciated.

 

Donate