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1138 results
Steve Keen discusses DSGE modeling and microfoundations by asking the question if it is ideologically possible to derive macroeconomics from microeconomics.
This multimedia dossier explores the production chain of smartphones. In particular due to the violation of workers' rights and low payments, the author Benjamin Selwyn calls those production structures global poverty chains. In this context, he points to the importance of workers' struggles.
Steve Horwitz, professor of economics at St. Lawrence University, gives a concise account of Austrian approach and talks about how it relates to the various current public policy issues.
This lecture by Prof. Dr. Eckhard Hein is part of the Introductory Lectures on Heterodox Economics at the 20th FMM Conference in 2016. It gives a good overview about where Post-Keynesian Economics can be located and what it is all about.
Trickle Down Economics - an old topic, but still present in our lives. The idea consists of deregulation of the economy and of lower tax for the top in order to increase the "size of the pie" so everybody would have a bigger piece, even with a smaller share.
Prof. Robert Wade (London School of Economics, UK) discusses industrial policy, the challenges of economic development for emerging countries like Brazil and...
In this episode of Jacobin radio, James K. Galbraith elaborates on the economic policies for the corona crisis, and Aaron Benanav on the crisis of unemployment. James K Galbraith also discusses why the economy as currently organized has been unable to deal with the challenges of the pandemic.
The likely global impacts of the economic fallout from the Coronavirus and how we might be better prepared than the 2008 economic crisis to put forward progressive solutions.
In the fifth part of the Economics of COVID-19 Webinar by SOAS, Jo Michell sketches out the effects of the COVID-19 pandemic on the wider macroeconomy and warns against a resurgence of austerity politics.
Hamilton argues that economics lacks the political economy context in order to understand racism, and demonstrates how racism is embedded in the political economy of America.
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?
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.
Sustainable Development has become dominant in policy debates in the last two decades. Standard models in neoclassical economics as taught in undergraduate classes fail to capture the complex relationships between the economy and the environment.
Kareem Megahed, Omar Ghannam and Heba Khalil, from Post-Colonialisms Today, provide insights on the early post-independence industrialization project in Egypt, in which the state played a central coordinating role.
Cédric Durand locates the Russian War on Ukraine in relation to Russian Economic Development and Political Economy after the collapse of the soviet union.
In this short essay, Jayati Ghosh gives an overview over the multiple ways in which the economic "fall-out" of the War in Ukraine is hitting economies and societies in the developing world.
A short film that questions the current state of the economy with thought-provoking sequences and takes a look into the past how the present understanding of the economy came to be.
Throughout 2022 it has become increasingly difficult for people around the world to meet their basic needs – even those who live in relative affluence in the Global North. This 30-minute classroom exercise takes this common recent experience as a starting point for an exploration of the different economic mechanisms and organisations that can be used to provide for people’s basic needs.
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.
Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing by Costas Lapavitsas puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households.
This lecture of the anthropologist David Graeber gives a brief introduction to the thoughts of his 2011 published book Debt: The First 5000 Years.
The Elgar Companion to Feminist Economics is the first comprehensive reference work introducing readers to the field of feminist economics. It includes 99 entries by 88 authors.
Adam Smith's concept of the invisible hand and its subsequent perception in economics is illustrated in this short video.
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.
What does it mean that gender is performative? In this short video, Judith Butler illustrates that gender is a culturally formed norm that is permanently produced and reproduced.
Thomas Piketty's Capital in the 21st century is presented and the central argument that capital returns have historically exceeded growth rates, thus exacerbating inequality is illustrated.
Dirk Bezemer exemplary presents pattern of the U.S. economy before the 2007 economic crisis and explains how due to those pattern the crisis could have been, unless not precisely predicted, yet anticipated.
What does GDP measure? How was it constructed and how did it become so important? What are alternatives? A historical introduction into the critique of GDP as measure of economic welfare.
The text presents a short perspective of International Political Economy, which "have often sought to complement discussions of governance with a healthy dose of critique", on resistance against e.g. economic inequality or economic and political power.
Multimedia dossier on unpaid labor (featuring the UK statistics office unpaid work calculator), migrant care labor and feminist political economy more generally.
Tom Palley provides a very clear and insightful description of the post-Keynesian school of economics by tracing back its connections to the different historical schools of thought.
Economics is dogmatic, monolithic, merely quantitative, highly normative, strongly political, primarily ethical, pseudo-scientific, and manipulative.
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