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A central question in development economics literature is, “Why do countries stay poor?” The key disagreements are whether the lack of economic growth stems from institutions or from geography (Nunn 2009). From an institutional perspective, hostile tariff regimes and commodity price dependencies form a barrier to a sectoral shift that would otherwise lead to economic development in developing countries (Blink and Dorton 2011) (Stiglitz 2006).[i] 2020 Level: beginner Trade Barriers to Development explored through various lenses Johannes M. Halkenhaeusser Pluralist Economics Fellowship Prof. Robert Wade (London School of Economics, UK) discusses industrial policy, the challenges of economic development for emerging countries like Brazil and... 2013 Level: beginner Prof. Robert Wade discusses industrial policy - Rethinking the State Robert Wade Rethinking the State The authors discuss how identity affects economic outcomes by bringing together psychological and sociological perspectives and economics. For economic outcomes of a single individual, it might be interesting which kind of social groups this individual belongs to. This may influence individual daily decisions and hence economic outcomes. It can, however, not only affect individual economic outcomes but also economic outcomes of organizations, institutions and other groups. This paper describes these influences with respect to gender in the workplace, to the economics of poverty and social exclusion, and to the household division of labour. Level: advanced Economics and Identity George Akerlof, Rachel Kranton The Quarterly Journal of Economics The Lecturer Prof. Francesco Lissoni presents basic concepts of the Economics of Innovation. Firstly, he distinguishes between invention, innovation and diffusion and relates innovation to economic growth. Subsequently, he elucidates learning and network effects. 2012 Level: advanced Economics of Innovation 1/2 Francesco Lissoni Alta Scuola Politecnica Currency hierarchy and policy space: A research agenda for development economics Barbara Fritz 2017 Level: advanced Currency hierarchy and policy space Barbara Fritz FMM Economic sociology is an entire subfield and one could write an series on it, so I’m going to stick to probably the most prominent economic sociologist and the founder of ‘new economic sociology’, Mark Granovetter. 2020 Level: beginner Economic Sociology: the Contributions of Mark Granovetter Cahal Moran Rethinking Economics The webinar covers three different topics that relate to reconciling with the Indigenous people in Australia: financial resilience, childcare/child development and economic participation through business procurement. Despite showing significant strength and resilience in the face of colonial injustices, Australian Indigenous people and their families continue to be affected by past trauma. 2021 Level: beginner How can economics contribute to Indigenous Reconciliation?   Women in Economics Network Australia The World Inequality Lab gathers social scientists committed to helping everyone understand the drivers of inequality worldwide through evidence based research The World Inequality Lab hosts the World Inequality Database the most extensive public database on global inequality dynamics Their main missions are The extension of the World Inequality Database … Level: beginner WORLD INEQUALITY LAB   https://inequalitylab.world/en/ Maria Nikolaidi on how Minsky’s theory has been modelled over past decades and how one can use these models in order to analyse contemporary issues such as financial fragility and financial instability caused by climate change. 2016 Level: advanced Minsky's theory about financial fragility and financial instability Maria Nikolaidi IMK Modern authors have identified a variety of striking economic patterns, most importantly those involving the distribution of incomes and profit rates. In recent times, the econophysics literature has demonstrated that bottom incomes follow an exponential distribution, top incomes follow a Pareto, profit rates display a tent-shaped distribution. This paper is concerned with the theory underlying various explanations of these phenomena. Traditional econophysics relies on energy-conserving “particle collision” models in which simulation is often used to derive a stationary distribution. Those in the Jaynesian tradition rely on entropy maximization, subject to certain constraints, to infer the final distribution. This paper argues that economic phenomena should be derived as results of explicit economic processes. For instance, the entry and exit process motivated by supply decisions of firms underlies the drift-diffusion form of wage, interest and profit rates arbitrage. These processes give rise to stationary distributions that turn out to be also entropy maximizing. In arbitrage approach, entropy maximization is a result. In the Jaynesian approaches, entropy maximization is the means. 2019 Level: advanced The Econ in Econophysics Anwar Shaikh New School for Social Research, Department of Economics Jason Smith takes a stab at blind faith in the efficiency of the price mechanism to provide market information. To do so, he calls upon Information Theory and Generative Adversarial Networks to argue the price mechanism is faulty and skewed towards supply. 2017 Level: beginner Hayek Meets Information Theory. And Fails Jason Smith Evonomics This book highlights the political economy of wealth and income inequality in Latin America. The author segments his analysis to separately evaluate the economic, social, and political costs of inequality building on country case studies. It draws well-contextualized lessons from the Latin American experience that is important to consider for other regional contexts, especially for social policies of nations within the 'Middle Income Trap'. 2020 Level: beginner The Costs of Inequality in Latin America Diego Sánchez-Ancochea Bloomsbury Academic Is inflation just a number game or does it hold deeper societal implications? Join Isabella Weber (@UMass.Amherst) as she challenges traditional economic stances on inflation and delves into the social dimensions of pricing. Discover how context shapes our reactions to price hikes and why understanding this can be a game-changer. 2023 Level: beginner Sellers Inflation Isabella Weber New Economic Thinking Isabella M Weber and Evan Wasner challange the dominant view of inflation that it is macroeconomic in origin and must always be tackled with macroeconomic tightening In contrast they argue that inflation is predominantly a sellers inflation that derives from microeconomic origins namely the ability of firms with market power … 2023 Level: expert Sellers’ Inflation, Profits and Conflict: Why can Large Firms Hike Prices in an Emergency? Isabella M. Weber, Evan Wasner UMass Amherst In the second video of the series Investigating International Finance, an alternative view on capital controls is given contrasting with the paradigm of classical trade theory which suggests that the removal of trade and capital barriers is associated with higher market efficiency. After explaining the conceptual mechanisms underlying capital controls, examples are introduced where countries actually apply capital controls and how these controls have been associated with a lesser exposure to international financial crises spillovers. 2011 Level: beginner Tax Havens - Investigating International Finance   New Economics Foundation In the second video of the series Investigating International Finance, an alternative view on capital controls is given contrasting with the paradigm of classical trade theory suggesting that the removal of trade and capital barriers is associated with higher market efficiency. After explaining the conceptual mechanisms underlying capital controls, examples are introduced where countries actually apply capital controls and how these controls have been associated with a lesser exposure to international financial crises spillovers. 2012 Level: beginner Capital controls - Investigating International Finance, Episode 2   New Economics Foundation This infographic gives a summary of the 2018 Trade Wars. This simple, compiled overview is suitable for those without a strong political or economic background. The infographic explains briefly basic concepts related to trade and provides a short timeline of events. It furthermore checks Trump administration's arguments to launch the the trade war against facts and estimates of how the 2018 trade war can affect the global and North-American economy. 2018 Level: beginner 2018 Trade Wars Infographic Trade Machines Trade Machines Industrial policy has been a central part of policy prescription by many heterodox schools arguably since mercantilism, but the theories behind it and types of policy advocated for have evolved over time. Recently some neoclassical economists have shown renewed interest in it, but is this mainstream acceptance a step back or a step forward from earlier heterodox ideas? 2021 Level: beginner Industrial policy Jezri Krinsky blobMetropolis When you notice inequality in your everyday life do you ever wonder where it comes from and what keeps it going This sociology course introduces you to core concepts of class gender and racial inequality and an approach to studying complex forms of inequality called intersectionality Featuring interviews with top … Level: beginner Global Inequality Smitha Radhakrishnan Wellesley College Derek Neal writes that economists must analyze public education policy in the same way they analyze other procurement problems. He shows how standard tools from economics research speak directly to issues in education. For mastering the models and tools that economists of education should use in their work, there is no better resource available.-- 2018 Level: beginner Information, Incentives, and Education Policy Derek A. Neal Harvard University Press The blog post by Marc Lavoie contrasts what he perceives as the two main interpretations of the current inflationary tendencies (the 'excessive demand inflation' story and the 'profit inflation' story) and contrasts them with a third interpretation. This interpretation acknowledes rising profits but argues in favor of a different mechanism that centers on changes in the relative composition of costs. 2023 Level: advanced Some controversies in the causes of the post-pandemic inflation Marc Lavoie Monetary Policy Institute Blog In this short video 'Raghuram Rajan’s Dosa Economics Explained', the famous theory of Dr. Raghuram Rajan, ex-governor of Reserve Bank of India (RBI), Dosa Economics, has been explained using a very simple example of Dosa ( a delicacy of India). Here, Dr. Raghuram Rajan tries to explain that low interest rate and low inflation is much better than high interest rate and high inflation. 2018 Level: beginner Raghuram Rajan’s Dosa Economics Explained Raghuram Rajan scroll.in Could the Brazilian measures of income support carried out during 2020 be considered one way towards UBI? This questions is broadly addressed in the video. 2020 Level: beginner Brazil and Basic Income & Covid Lena Lavinas and Leandro Ferreira Basic Income Earth Network BIEN How did the coronavirus almost bring down the Global Financial System? What effects does monetary policy have on inequality? What role do Central Banks have in the social-ecological transformation? How could Central Banks tackle climate change? What is Central Bank Digital Currency? 2021 Level: advanced Next Generation Central Banking Finanzwende e.V. & Heinrich-Böll-Stiftung, various Transformative Responses, Heinrich-Böll-Foundation & Finanzwende This panel was part of the conference "Next Generation Gentral Banking - Climate Change, Inequality, Financial Instability" 03. - 05.02.2021. 2021 Level: advanced NextGen Central Banking: How the coronavirus almost brought down the global financial system Finanzwende e.V. & Heinrich-Böll-Stiftung, Adam Tooze, Annette Vissing-Jørgensen, Sven Giegold, Martin Hellwig Transformative Responses, Heinrich-Böll-Foundation & Finanzwende This panel was part of the conference "Next Generation Gentral Banking - Climate Change, Inequality, Financial Instability" 03. - 05.02.2021. 2021 Level: advanced NextGen Central Banking: Central Banking Beyond Inflation Finanzwende e.V. & Heinrich-Böll-Stiftung, Benjamin Braun, Michal Horváth Transformative Responses, Heinrich-Böll-Foundation & Finanzwende This article provides a contextual framework for understanding the gendered dimensions of the COVID-19 pandemic and its health, social, and economic outcomes. The pandemic has generated massive losses in lives, impacted people’s health, disrupted markets and livelihoods, and created profound reverberations in the home. In 112 countries that reported sex-disaggregated data on COVID-19 cases, men showed an overall higher infection rate than women, and an even higher mortality rate. However, women’s relatively high representation in sectors hardest hit by lockdown orders has translated into larger declines in employment for women than men in numerous countries. Evidence also indicates that stay-at-home orders have increased unpaid care workloads, which have fallen disproportionately to women. Further, domestic violence has increased in frequency and severity across countries. The article concludes that policy response strategies to the crisis by women leaders have contributed to more favorable outcomes compared to outcomes in countries led by men. 2021 Level: advanced Feminist Economic Perspectives on the COVID-19 Pandemic Naila Kabeer, Shahra Razavi & Yana van der Meulen Rodgers Taylor & Francis Group Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam explain how early post-independence Egypt sought economic independence via industrialization. 2020 Level: advanced Achievements of Egypt’s Industrialization Project Kareem Megahed, Omar Ghannam, Heba Khalil Post-Colonialisms Today: postcolonialisms.regionsrefocus.org In this article, Jihen Chandoul discusses the importance of food sovereignty in Africa, reflecting on the continent’s early post independence movements for self sufficiency. 2021 Level: beginner Food and the Struggle for Africa’s Sovereignty Jihen Chandoul Post-Colonialisms Today: postcolonialisms.regionsrefocus.org This note, by Theresa Neef, Panayiotis Nicolaides, Lucas Chancel, Thomas Piketty, and Gabriel Zucman, provides data on wealth inequality in Russia and advocates for a European Asset Registry. 2022 Level: beginner Effective sanctions against oligarchs and the role of a European Asset Registry Theresa Neef, Panayiotis Nicolaides, Lucas Chancel, Thomas Piketty, Gabriel Zucman EU Tax Observatory / World Inequality lab Adam Smith's concept of the invisible hand and its subsequent perception in economics is illustrated in this short video. 2015 Level: beginner The invisible hand   BBC Radio What is universal basic income? This video gives a first, short introduction. 2016 Level: beginner What is Universal Basic Income? Anthony Painter The RSA

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