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In this video, the most famed biographer of John Maynard Keynes, Robert Skidelsky, explores the foundations of Keynesian economics 2010 Level: beginner Keynesian Economics - It's All About Spending Robert Skidelsky EconStories In this Ted Talk, Mariana Mazzucato argues against the juxtaposition of the state and entrepreneurial activities. By presenting examples of her research on the relation between innovation and (inclusive) growth, she shows how many innovations were led by states' initiatives. Mazzucato confronts the liberal narrative of the a state that merely provides the frame for the market. 2013 Level: beginner Government - investor, risk-taker, innovator Mariana Mazzucato Ted Talks This paper investigates how the concept of public purpose is used in Modern Monetary Theory (MMT). As a common denominator among political scientists, the idea of public purpose is that economic actions should aim at benefiting the majority of the society. However, the concept is to be considered as an ideal of a vague nature, which is highly dependent on societal context and, hence, subject to change over time. MMT stresses that government spending plans should be designed to pursue a certain socio-economic mandate and not to meet any particular financial outcome. The concept of public purpose is heavily used in this theoretical body of thought and often referred to in the context of policy proposals as the ideas of universal job guarantee and banking reform proposals show. MMT scholars use the concept as a pragmatic benchmark against which policies can be assessed. With regards to the definition of public propose, MMT scholars agree that it is dependent on the social-cultural context. Nevertheless, MMT scholars view universal access to material means of survival as universally applicable and in that sense as the lowest possible common denominator. 2020 Level: advanced Modern Monetary Theory and the public purpose Dirk H. Ehnts, Maurice Höfgen Institute for International Political Economy Berlin Are there any limits to government spending? In times of war, particularly? And what about the aftermath of such special times when treasuries seemingly feel unshackled from any rules? And are those times really any special? That is what this paper is about. 2019 Level: advanced Modern Money and the War Treasury Sam Levey Global Institute for Sustainable Prosperity The Great Recession 2.0 is unfolding before our very eyes. It is still in its early phase. But dynamics have been set in motion that are not easily stopped, or even slowed. If the virus effect were resolved by early summer—as some politicians wishfully believe—the economic dynamics set in motion would still continue. The US and global economies have been seriously ‘wounded’ and will not recover easily or soon. Those who believe it will be a ‘V-shape’ recovery are deluding themselves. Economists among them should know better but are among the most confused. They only need to look at historical parallels to convince themselves otherwise. 2020 Level: beginner Origins & Emergence of the 2020 Great Recession in the US Economy Dr. Jack Rasmus Exploring Economics Due to the economic crisis of 2008/2009, households faced drastic decreases in their incomes, the availability of jobs. Additionally, the structure of the labour market changed, while austerity measures and public spending cuts left households with less support and safeguards provided by the state. How have these developments affected the burden of unpaid labour and what influence did this have on gender relations? 2017 Level: beginner The effect of austerity on unpaid work and gender relations in Europe Lotte Maaßen Exploring Economics Our public services are in dire need of investment. But in the middle of a debate over competing spending plans, isn’t it also time to ask what we want our public services to actually do for us? That’s the view of group of economists and campaigners who are pushing for something called ‘Universal Basic Services’ – a radical expansion of high-quality public services for all to areas like transport, childcare and social care. 2019 Level: beginner Universal Basic Services Ayeisha Thomas-Smith, Anna Coote and Laurie Macfarlane New Economics Foundation What influence do changes in tax policy or state decisions on expenditure have on economic growth? For decades, this question has been controversially debated. 2020 Level: advanced What is the fiscal multiplier and why is it so controversial? Sebastian Gerchert Exploring Economics One method of economic modelling that has become increasingly popular in academia, government and the private sector is Agent Based Models, or ABM. These simulate the actions and interactions of thousands or even millions of people to try to understand the economy – for this reason ABM was once described to me as being “like Sim City without the graphics”. One advantage of ABM is that it is flexible, since you can choose how many agents there are (an agent just means some kind of 'economic decision maker' like a firm, consumer, worker or government); how they behave (do they use complicated or simple rules to make decisions?); as well as the environment they act in, then just run the simulation and see what happens as they interact over time. 2020 Level: beginner Agents, agents everywhere Cahal Moran Rethinking 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 This essay focuses on the sources of government revenue within the Middle East and North African (MENA) region and proposes the implementation of a regional tax reset through increased taxation and tax reforms, deregulation in the private sector and economic diversification to reduce macroeconomic volatilities caused by the hydrocarbon industry. 2018 Level: beginner Taxation in the MENA region Sanchita Shekar Pluralist Economics Fellowship 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 A comprehensive account of how government deficits and debt drive inflation 2023 Level: advanced The Fiscal Theory of the Price Level John Cochrane Princeton University Press This article explores if power dynamics in the household can be changed, and if so, how. In this context the focus is laid on government childcare policy and its various channels of possible influence. Level: beginner How can childcare policy affect intra-household power dynamics? Francesca Sanders and Nina Schubert Exploring Economics This paper is a product of an online workshop held in Nigeria on the topic Unemployment: Policy Review and Recommendations. It explores the various unemployment policies introduced by the Nigerian Government and analysis how effective they are and suggests some practicable solutions to solving unemployment problems in the country. The workshop was organized by Rethinking Economics The Uploaders (RETU) as part of the project Solving the Major Economic Problem in Nigeria (SMEPN), an output of the Global Pluralist Economics Training (GPET). More details here: https://www.retheuploaders.org/programs/SMEPN 2021 Level: beginner Unemployment in Nigeria: Policy Review and Recommendations Abdulkhalid Anda Salihu Rethinking Economics The Uploaders (RETU) The authors show how consumers, business, the Federal Reserve, and government take into account what's going on around them to make critical decisions like buying new products, building new factories, changing interest rates, or setting budget goals. The book provides a clear roadmap to understanding the whole story behind the global economy. 2014 Level: advanced Big Picture Economics Joel Naroff, Ron Scherer John Wiley & Sons What’s inflation? Why is it relevant? And is there an agreed theory about its roots and causes, or is it a contentious concept? That’s what this text is all about: We define what inflation actually means before we delve into the theoretical debate with an interdisciplinary and pluralist approach: What gives rise to it, what factors might influence it, and, consequently, what might be done about it? 2021 Level: beginner Inflation in economic theory Alexander Barta, Jorim Gerrard, Jakob Steffen & Frieder Zaspel Exploring Economics Want to learn more about behavioural economics and its application to public policy? Take this free course from the Behavioural Economics Team of the Australian Government. Level: beginner Behavioural insights for public policy Behavioural Economics Team of the Australian Government None Paul Collier describes the four important topics that he thinks would help the "bottom billion" in the long-run: aid, trade, security and governments. In this short video, Collier explains why he considers government support important. 2013 Level: beginner The "bottom billion" Paul Collier TED Talks A multimedia dossier outlining the various dimensions of credit and indebtedness for various actors such as individuals and governments. Special emphasis is put on the reflections of normative and power laden discourse sorrounding the issue of borrowing and on false analogies placed between household and government debt. 2017 Level: beginner Borrowing – I-PEEL.org Chris Clarke I-PEEL Dani Rodrik, Professor of International Political Economy at Harvard's Kennedy School of Government, is teaching in this online session about the global rules under which the modern (free trade-focused) type of globalization operates and why, under such institutions, international community fails to deal with the climate change and pandemics. 2020 Level: beginner Pandemics, Climate Change, and Global Economics: Where Did We Go Wrong in Globalization? Dani Rodrik Harvard Kennedy School Health Economics traditionally involves two distinct strands. One focuses on the application of core  neoclassical economic theories of the firm, the consumer and the market to health-seeking behaviour  and other health issues. It suggests a role for government intervention only in the case of specific  market failures (for example externalities, asymmetric information, moral hazard, and public goods)  that distort market outcomes. The second strand is evaluation techniques, used to assess the cost effectiveness of competing health interventions. 2022 Level: beginner Health Economics Julia Ngozi Chukwuma Summer Academy 2022 for Pluralist Economics This graduate-level course examines issues related to women’s paid and unpaid work during a time of rapid integration of world markets. Students will analyze the role of government policy, unions, corporate responsibility, and social movements in raising women's wages, promoting equal opportunity, fighting discrimination in the workplace, and improving working conditions. Level: advanced Women and Work Yana Rodgers Rutgers University - School of Management and Labor Relations In March 2020, the Reserve Bank Board introduced a target for the yield on the three-year Australian Government bond which was discontinued in November 2021. This review examines the experience with the yield target and draws lessons from this experience. 2022 Level: expert The pitfalls of yield curve control Reserve Bank of Australia Reserve Bank of Australia Mainstream economics was founded on many strong assumptions. Institutions and politics were treated as irrelevant, government as exogenous, social norms as epiphenomena. As an initial gambit this was fine. But as the horizons of economic inquiry have broadened, these assumptions have becomehindrances rather than aids. 2003 Level: advanced Prelude to Political Economy Kaushik Basu Oxford University Press Post-Keynesian and heterodox economics challenge the mainstream economics theories that dominate the teaching at universities and government economic policies. And it was these latter theories that helped to cause the great depression the United States and the rest of the world is in. 2012 Level: advanced In Defense of Post-Keynesian and Heterodox Economics Lee, Frederic S.; Lavoie, Marc Routledge Thirty-years of economic transformation has turned China into one of the major players in the global capitalist economy. However, its economic growth has generated rising problems in inequality, alienation, and sustainability with the agrarian crises of the 1990s giving rise to real social outcry to the extent that they became the object of central government policy reformulations. 2015 Level: advanced Social Economy in China and the World Ngai Pun, Ben Hok-bun Ku, Hairong Yan, Anita Koo Taylor & Francis Ltd This course is an introduction to macroeconomics with a specific focus on the euro area. The theoretical part provides a critical presentation of the two key macroeconomic models: the (neo)classical approach and the Keynesian approach. This allows a comparative analysis of important macroeconomic topics: - unemployment - inflation - government debt and Modern Monetary Theory - banks and financial crises. The policy-oriented part discusses the monetary policy of the ECB and the specific challenges for fiscal policy in the euro area. The course also presents other euro area specific topics: Optimum currency area, euro crises, Next Generation EU and Green New Deal. 2018 Level: beginner European Macroeconomics Prof. Peter Bofinger University of Würzburg Professor David Harvey presents a complete visual representation of the flow of capital in all its forms. Similar to the Water Cycle diagrams, Harvey models the economics of production, consumption, human reproduction, labor, private business, and government redistribution. 2017 Level: advanced Visualizing Capital David Harvey School of Geography and the Environment In this refreshingly revisionist history, Erik Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment, rather than through free trade. 2007 Level: advanced How Rich Countries Got Rich ... and Why Poor Countries Stay Poor Erik Reinert PublicAffairs Environmental cost-benefit analysis was developed by economists in the belief that monetary valuation of the environmental repercussions of economic activity is essential if the "environment " stands any chance of being included in government and business decisions. 2006 Level: advanced Alternatives for Environmental Valuation Michael Getzner, Clive Spash, Sigrid Stagl Routledge In the first intellectual history of neoliberal globalism, Quinn Slobodian follows neoliberal thinkers from the Habsburg Empire’s fall to the creation of the World Trade Organization to show that neoliberalism emerged less to shrink government and abolish regulations than to deploy them globally to protect capitalism. 2020 Level: beginner Globalists Quinn Slobodian Harvard University Press

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