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Based on Modern Money Theory (MMT), Stephanie Kelton compares the cryptocurrency to the fiat money system (or simply what we have today). 2017 Level: beginner Cryptocurrency and Fiat Money Stephanie Kelton YouTube The MINE website explores the interplay between nature and economy. Focusing on such fundamental concepts as time, thermodynamics, evolution, homo politicus and justice, a new outline of economic activity emerges within nature. The dominant approach of Mainstream Economics, which considers nature as a subsystem of the economy, is thus replaced by a broader and more integrated framework. The visual map and its links between concepts provides an orientation. The visitor can approach the content from their own starting point and follow their own path to discovery. Each concept starts with the historical background and moves on through theory and practice. The research behind MINE began in the 1970s at the University of Heidelberg, Germany, in an interdisciplinary group spearheaded by Professor Malte Faber, including scientists from economics to mathematics, physics and philosophy. The research has contributed to the field of Ecological Economics. MINE is directed at students, scientists and decion-makers. More on http://nature-economy.de/faq/ 2019 Level: beginner MINE - Mapping the interplay between Nature and Economy Prof. Malte Faber et al. MINE 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 There are three things one can do in this website - 1. Learn 2. Help Teach 3. Sign up MOOC. This is a semester-long graduate course in Econometrics. This course is intended for graduate students in economics-related fields and more generally in social sciences. The course includes an overview of the models and theory and applications using Stata, R, or SAS programs. This econometrics class covers about 15 of the most commonly used econometric models in economics, such as linear regression, panel data models, probit and logit models, limited dependent variable models, count data models, time series models, and many more. 2013 Level: beginner Econometrics Academy - Common Econometric Models & Statistical Software Ani Katchova Econometrics Academy James Robinson gives in this talk a short introduction into the theory and ideas of his popular book "Why Nations Fail" which was published together with D. Acemoglu in 2012. With many real-life examples he gives a lively description on the fundamentals for economic success from an institutionalist view. According to Robinson, the nature of institutions is a crucial factor for economic success. Whether institutions are inclusive (such as in prosperous economies) or extractive (poor economies) stems from the nation's political process and the distribution of political power. 2014 Level: beginner Why Nations Fail James Robinson TEDx Talks In her short contribution, the author questions how the value of goods and services is shaped in current neoclassical teaching. She criticizes the principle of pricing based on marginal income. She discusses what can be called wealth generating, what kind of wealth we need and points out a lack of a value theory. 2018 Level: advanced Takers and Makers: Who are the Real Value Creators? Mariana Mazzucato Evonomics Banner and Pastor debunk granted assumptions of the neoclassical theory, such as self-interested human behavior, the necessity of inequality and growth, to pull the threads between the new possible foundations of our society, "prosperity, security and community". 2020 Level: beginner Solidarity Economics—for the Coronavirus Crisis and Beyond Chris Benner, Manuel Pastor The American Prospect This journal article by Radhika Desai, Professor at the Department of Political Studies, and Director of the Geopolitical Economy Research Group at the University of Manitoba, Winnipeg, Canada, was originally published in 2010 and republished in an revised format in 2020. The article is a comprehensive treatment of Marx's theory of crisis, focusing on the role of consumption demand in capitalism and in the emergence of crises. 2020 Level: expert Consumption demand in Marx, his crisis theories and in the current crisis Radhika Desai Research in Political Economy 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 This paper surveys the development of the concept of socialism from the French Revolution to the socialist calculation debate. Karl Marx’s politics of revolutionary socialism led by an empowered proletariat nurtured by capital accumulation envisions socialism as a “top-down” system resting on political institutions, despite Marx’s keen appreciation of the long-period analysis of the organization of social production in the classical political economists. Collectivist thinking in the work of Enrico Barone and Wilfredo Pareto paved the way for the discussion of socialism purely in terms of the allocation of resources. The Soviet experiment abandoned the mixed economy model of the New Economic Policy for a political-bureaucratic administration of production only loosely connected to theoretical concepts of socialism. The socialist calculation debate reductively recast the problem of socialism as a problem of allocation of resources, leading to general equilibrium theory. Friedrich Hayek responded to the socialist calculation debate by shifting the ground of discussion from class relations to information revelation 2017 Level: beginner Socialist alternatives to capitalism I: Marx to Hayek Duncan Foley New School for Social Research, Department of Economics Mark Carney explains how we have come to esteem financial value over human value and how we have gone from market economies to market societies, how economic theory foundation affect the society as a whole, how we understand our world today and ultimately how this affects our lives. 2020 Level: beginner How We Get What We Value Mark Carney BBC In this course we will critically analyze both economic theory and economic life through the lens of gender. Topics covered include: a critical examination of gender patterns and trends in the household, labor market, and the firm; issues concerning gender inequalities in the economy. 2014 Level: beginner Gender and the Economy Şemsa Özar Boğaziçi University After completing the module, participants should have knowledge and understanding about the theory of Critical Political Economy and its basic methods. They should be able to apply central concepts to analyse critical questions regarding the embeddedness of economic relations within broader social, political and ecological relations. 2021 Level: beginner Marxist Political Economy Anna Weber Summer Academy for Pluralist Economics The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. 2018 Level: advanced The Microeconomics of Complex Economies Wolfram Elsner, Torsten Heinrich, Henning Schwardt Elsevier Science

In the graveyard of economic ideology, dead ideas still stalk the land.

The recent financial crisis laid bare many of the assumptions behind market liberalism—the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. 2012 Level: beginner Zombie Economics John Quiggin Princeton University Press Modern mission theory is guided largely by the three self paradigm that suggests indigenous churches can only be healthy if they are self-governing, self-propagating, and self-supporting. Consequently, Western missionaries, their churches, and their agencies have been increasingly indisposed to giving generously. We must rethink the interplay of dollars dependency and what it means to do the right thing with our money as we pursue twenty-first century missions. 2007 Level: advanced To Give Or Not to Give John Rowell InterVarsity Press The age of the contemplative economist-scholar—at home equally in classical languages, economic history, the history of ideas, and mathematical theory—has passed. The history of economics as a subdiscipline has lost touch with the mainstream study of economics. InThe Future of the History of Economics, internationally known scholars from ten countries provide a comparative assessment of the subdiscipline. 2002 Level: advanced The Future of the History of Economics Eliot Roy Weintraub Duke University Press This book presents a methodological framework for the analysis of intercultural issues frequently misinterpreted by existing theories. It uses a challenge-and-response theory of cultural development to examine the relationship between different natural disasters and threats and the developments of ancient civilizations. 2012 Level: beginner Introduction to Intercultural Economics Guo, Rongxing Springer This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. 2016 Level: advanced A History of Macroeconomics from Keynes to Lucas and Beyond Vroey, Michel de Cambridge University Press Readers of economic and political theory as well as students of economic planning will appreciate this classic, now available for the first time in English. Written eighty years ago, when Sorel became disillusioned with the official socialism of the German and French Marxist parties, this new translation presents Sorel's analysis of the rise and fall of the two great modern ideologies: socialism and liberal capitalism. 2017 Level: advanced Social Foundations of Contemporary Economics Georges Sorel Routledge In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the "great transformation" of the Industrial Revolution. 2001 Level: advanced The Great Transformation Karl Polanyi Beacon Press At the time of his death in 1950, Joseph Schumpeter was working on his monumantal History of Economic Analysis. Unprecedented in scope, the book was to provide a complete history of economic theory from Ancient Greece to the end of the Second World War. A major contribution to the history of ideas as well as to economics, History of Economic Analysis rapidly gained a reputation as a unique and classic work. 1994 Level: advanced History of Economic Analysis Joseph Alois Schumpeter Routledge In the last half century, economics has taken over from anthropology the role of drawing the powerful conceptual worldviews that organize knowledge and inform policy in both domestic and international contexts. Until now however, the colonial roots of economic theory have remained relatively unstudied. This book changes that. 2004 Level: advanced Postcolonialism Meets Economics S. Charusheela, Eiman O. Zein-Elabdin Psychology Press Devine begins with an analysis of the theory and practice of capitalist planning, central planning and 'market socialism'. He argues that, while market socialism is currently favoured by many economists who reject both capitalism and the command planning of the Soviet model, it cannot fulfil the promises held out for it. 2022 Level: advanced Democracy And Economic Planning Pat Devine Taylor & Francis Limited In the course Sociology and Socialism, students engage with classical theories of socialism as well as their applications in a variety of historical and international contexts. Staunchly interdisciplinary, the course utilizes expertise in philosophy, history, economics, sociology, anthropology and political theory. 2020 Level: beginner Socialism and Sociology Collaborative attempt by Andrew Arato and other Faculty members of the New School for Social Research New School for Social Research This lecture offers a general and introductory overview of the theory of racial capitalism, focusing on the origins of racial capitalism and some of the debates it has generated. 2021 Level: beginner Introduction to Racial Capitalism Alana Lentin n.a. The productive work of widely distributed academic research has contributed substantially, over the postwar period, to important advances in our understanding. It has also offered a clearer recognition of many unresolved problems. Never theless, the progress achieved over the last decades, ex hibited by the systematic application of "theory" to actual issues and observable problems, could not overcome a per vasive sense of dissatisfaction. 2012 Level: advanced Economics Social Institutions K. Brunner Springer Science & Business Media 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. 2009 Level: advanced The New Introduction to Geographical Economics Steven Brakman, Harry Garretsen, Charles van Marrewijk Cambridge University Press Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. 2012 Level: advanced Why Nations Fail Daron Acemoglu, James A. Robinson Crown 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   Economy Studies This is a revolutionary and powerfully argued feminist analysis of modern economics, revealing how woman's housework, caring of the young, sick and the old is automatically excluded from value in economic theory. An example of this pervasive and powerful process is the United Nations System of National Accounts which is used for wars and determining the balance of payments and loan requirements. 1990 Level: advanced If Women Counted Marilyn Waring HarperSanFrancisco The Learning Economy and the Economics of Hope' brings together the most important contributions by an expert on policies, management and economics of innovation and knowledge. It offers original insights in processes of innovation and learning and it draws implications for economic theory and public policy. It introduces the reader to important concepts such as innovation systems and the learning economy. 2016 Level: advanced The Learning Economy and the Economics of Hope Bengt-Åke Lundvall Anthem Press

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