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An essay of the writing workshop on contemporary issues in the field of Nigerian economics: In Nigeria, it appears that there is nothing in the constitution, which excludes the participation of women in politics. Yet, when it comes to actual practice, there is extensive discrimination. The under-representation of women in political participation gained root due to the patriarchal practice inherent in our society, much of which were obvious from pre-colonial era till date. Level: beginner Women Participation – Women Contribution to Economics and Politics Mary Otunba Exploring Economics Fabian Georgi analyses how migration and borders are connected to capitalism. 2024 Level: beginner Recruiting skilled labour, while closing borders? The connection between migration, border regimes and capitalism Fabian Georgi Exploring Economics Firms are the primary places where economic activity takes place in modern capitalist economies: they are where most stuff is produced; where many of us spend 40 hours a week; and where big decisions are made about how to allocate resources. Establishing how they work is hugely important because it helps us to understand patterns of production and consumption, including how firms will react to changes in economic conditions and policy. And a well-established literature – led by post-Keynesians and institutionalists – holds that the best way to determine how firms work is to…wait for it...ask firms how they work. This a clearly sensible proposition that is contested in economics for some reason, but we’ll ignore the controversy here and just explore the theory that springs from this approach. 2020 Level: beginner The ‘How Firms Work’ Approach to How Firms Work Cahal Moran Rethinking Economics This course provides future change makers in public and private sectors with a comprehensive overview on the structures and actors that shape markets. 2019 Level: beginner The Governance of Markets in Challenging Times: From Classic Authors to New Approaches Lukas Graf Hertie School of Governance The Philosophy of Economics Foundational Text provides a systematic and well-structured overview over the field of philosophy of economics. 2023 Level: beginner Philosophy of Economics Milena Dehn, Ella Needler and Jessica Palka Exploring Economics 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 Deforestation is estimated to be responsible for about 12-29% of global greenhouse gas emissions. This essay will explore ecological economics as an alternative lens through which to approach forest conservation and the acceleration of climate change. 2018 Level: beginner Ecological Economics: A Solution to Deforestation? Maike Pfeiffer Pluralist Economics Fellowship The notion that the demand and supply side are independent is a key feature of textbook undergraduate economics and of modern macroeconomic models. Economic output is thought to be constrained by the productive capabilities of the economy - the ‘supply-side' - through technology, demographics and capital investment. In the short run a boost in demand may increase GDP and employment due to frictions such as sticky wages, but over the long-term successive rises in demand without corresponding improvements on the supply side can only create inflation as the economy reaches capacity. In this post I will explore the alternative idea of demand-led growth, where an increase in demand can translate into long-run supply side gains. This theory is most commonly associated with post-Keynesian economics, though it has been increasingly recognised in the mainstream literature. 2020 Level: beginner It’s Demand All the Way Down Cahal Moran Rethinking Economics Michael Kalecki famously remarked “I have found out what economics is; it is the science of confusing stocks with flows”. Stock-Flow Consistent (SFC) models were developed precisely to address this kind of confusion. The basic intuition of SFC models is that the economy is built up as a set of intersecting balance sheets, where transactions between entities are called flows and the value of the assets/liabilities they hold are called stocks. Wages are a flow; bank deposits are a stock, and confusing the two directly is a category error. In this edition of the pluralist showcase I will first describe the logic of SFC models – which is worth exploring in depth – before discussing empirical calibration and applications of the models. Warning that there is a little more maths in this post than usual (i.e. some), but you should be able to skip those parts and still easily get the picture. 2020 Level: beginner Stock Flow Consistent Macroeconomics Cahal Moran Rethinking Economics After completing the workshop in Post Keynesian Economics participants should be able to describe the main differences and similarities between PKE and other schools of thought. 2021 Level: beginner Post Keynesian Economics Valeria Jimenez Summer Academy for Pluralist 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. 2017 Level: beginner Who cares? A convergence of feminist economics and degrowth Jannis Eicker, Katharina Keil Exploring Economics The Covid-19 pandemic has laid bare the deep structural rifts in modern capitalist economies. It has exposed and exacerbated the long-lasting systemic inequalities in income, wealth, healthcare, housing, and other aspects of economic success across a variety of dimensions including class, gender, race, regions, and nations. This workshop explores the causes of economic inequality in contemporary capitalist economies and its consequences for the economy and society in the post-pandemic reality, as well as what steps can be taken to alleviate economic inequality in the future. Drawing from a variety of theoretical and interdisciplinary insights, the workshop encourages you to reflect on your personal experiences of inequality and aims to challenge the way in which the issue is typically approached in economics. 2022 Level: beginner Inequality in the Post-pandemic Era Hanna Szymborska Summer Academy 2022 for Pluralist Economics An essay of the writing workshop on contemporary issues in the field of Nigerian economics: Labour and all the dynamics, such as laws, mobility, gender participation, regulation etc., that are associated with it cements the need for this paper which seeks to objectively review, analyse, and if deemed necessary, give plausible recommendations. Level: beginner Labour market: Applicable Labour Market Models and Gender Issues Asadu C. Emmanuel Exploring Economics This article outlines the fundamental challenges of democratically planned economies and categorises proposed models into six groups, each of which approaches planning and coordination at different levels of authority and between myriad economic units in a particular way, taking into account efficiency as well as democratic principles and environmental and social sustainability. Through a classification system based on decision-making authority and mediation mechanisms, the article provides a framework for understanding and comparing these models. By examining their different approaches, it offers insights into the complexities and potential paths of democratically planned economies in the 21st century. 2024 Level: beginner Rethinking Democratic Economic Planning: An Overview Jakob Heyer Exploring Economics Here we look at the effect of the 2008 Climate Change Act passed in Parliament in the United Kingdom as an effort to curb emissions in all sectors. The Act aside from setting goals to become a low-carbon economy sets up an independent committee on Climate Change to ensure the implementation of policies to comply with the ultimate goal of 80% reduction in total emissions in 2050. I make use of the Synthetic Control Method (SCM) to create a comparative case study in which the creation of a synthetic UK serves as a counterfactual where the treatment never occurred (Cunningham, 2018). 2020 Level: beginner Synthetic Control Method for Estimating the Effect of the Climate Change Act of 2008 in Britain Aaron Morales Shildrick Pluralist Economics Fellowship This paper starts with an evaluation of three common arguments against pluralism in economics: (1) the claim that economics is already pluralist, (2) the argument that if there was the need for greater plurality, it would emerge on its own, and (3) the assertion that pluralism means ‘anything goes’ and is thus unscientific. Pluralist responses to all three arguments are summarized. The third argument is identified to relate to a greater challenge for pluralism: an epistemological trade-off between diversity and consensus that suggests moving from a discussion about ‘pros’ and ‘cons’ towards a discussion about the adequate degree of plurality. We instantiate the trade-off by showing how it originates from two main challenges: the need to derive adequate quality criteria for a pluralist economics, and the necessity to propose strategies that ensure the communication across different research programs. The paper concludes with some strategies to meet these challenges. 2017 Level: beginner Pluralism in economics: its critiques and their lessons Claudius Gräbner, Birte Strunk Journal of Economic Methodology Introduction Economics is by necessity a multi paradigmatic science Several theoretical structures exist side by side and each theory can never be more than a partial theory Rothschild 1999 Likening scientific work to the self coordinating invisible hand of the market Michael Polanyi cautioned strongly against centralized attempts to steer … 2021 Level: beginner Making Many Maps: Why We Need an Interested Pluralism in Economics and How to Get There Patrick Leon Gross Patrick Léon Gross The chapter by the Centre for Economy Studies introduces interdisciplinary economic subdisciplines and their importance for economics education. 2021 Level: beginner Interdisciplinary Economics Sam de Muijnck and Joris Tieleman Economy Studies Marx Reloaded is a cultural documentary that examines the relevance of German socialist and philosopher Karl Marx s ideas for understanding the global economic and financial crisis of 2008 09 The crisis triggered the deepest global recession in 70 years and prompted the US government to spend more than 1 … 2011 Level: beginner Marx Reloaded Jason Barker YouTube (ARTE) 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. Level: advanced Gender and Development Stephan Klasen and Teaching Assistants Bumi Camara and Merle Kreibaum Department of Economics University of Göttingen The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery. 2017 Level: advanced Fictitious Capital Cedric Durand Verso One hundred years ago the idea of 'the economy' didn't exist. Now, improving the economy has come to be seen as perhaps the most important task facing modern societies. Politics and policymaking are conducted in the language of economics and economic logic shapes how political issues are thought about and addressed. 2017 Level: advanced The Econocracy Joe Earle, Cahal Moran, Zach Ward-Perkins Manchester University Press Racism and discrimination have choked economic opportunity for African Americans at nearly every turn. In From Here to Equality, William Darity Jr. and A. Kirsten Mullen confront these injustices head-on and make the most comprehensive case to date for economic reparations for U.S. descendants of slavery. 2020 Level: advanced From Here to Equality William A. Darity Jr., A. Kirsten Mullen The University of North Carolina Press 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 Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2013 Level: expert Horizontalists, verticalists, and structuralists: The theory of endogenous money reassessed Thomas I. Palley IMK - Institut für Makroökonomie und Konjunkturforschung, Hans-Böckler-Stiftung There was a time when the world still seemed a good and above all simple place for monetary authorities Every few weeks they had to decide whether in view of the latest price developments it would be better to raise the key interest rates by a quarter point or not … 2021 Level: beginner On climate, jobs and financial stability: Towards a new mandate for central banks? Isabel Schnabel, Adam Tooze & Moritz Schularick Forum New Economy Florian Kern replies to Zoltan Pozsar's analysis about the effects of the war in Ukraine on the global financial order and refutes the latter's prognosis of the demise of the US dollar as the world's reserve currency 2022 Level: advanced Why the war in Ukraine does not jeopardise the dollar's reserve currency status Florian M. Kern Dezernat Zukunft This is the second part of the seminar A Hard Currency of Politics The discussion centers on the The Currency of Politics by Stefan Eich and is hosted by the journal European Law Open Stefan Eich s presentation of his argument starts at minute 7 53 The discussion centers on … 2022 Level: beginner European Law Open discussion of "The Currency of Politics" by Stefan Eich Stefan Eich Cambridge University Press Jo Michell discusses some key implications of climate change regarding the standard policy prescriptions of Post-Keynesian economics, particularly relating to the possible necessity of consumption constraints and the presence of recurrent inflation. 2022 Level: beginner Macroeconomic Policy Coordination: A New Approach for the End of Abundance Jo Michell Hans-Böckler-Stiftung This self-paced free course by Perry Merhling guides you to his "Money View" approach that integrates the fields of economics and finance. The course can easily be understood by people interested people without technical economic knowledge or training as it is primarily a tool for analysis. Level: beginner Economics of Money and Banking Perry Mehrling Columbia University This brief but comprehensive account of the Post Keynesian approach to economic theory and policy is ideal for advanced undergraduate and postgraduate students in economics, public policy and other social sciences. Clear, non-technical and with a strong policy focus, it will also appeal to all of those who are dissatisfied with mainstream economics and wish to explore the alternatives. 2015 Level: advanced Advanced Introduction to Post Keynesian Economics John Edward King Edward Elgar Publishing This essay draws on several analyses on the gender impact of the recession and of austerity policies, in which authors acknowledge a threat to women’s labour market integration and a potential backlash to traditional gender labour structures. We contribute to that literature by asking whether recession and austerity convey a gender effect on educational attainment. Our aim in this essay is to portray the likely effects of austerity measures on gender equality with a focus on women’s participation in tertiary education and to hypothesize the implications of these scenarios for labour market effects, to be tested in future empirical research. 2017 Level: beginner The impact of Austerity on Gender in Tertiary Education: A Theoretical Analysis Zeynep M. Nettekoven and Izaskun Zuazu Exploring Economics

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