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In this short talk „On Economics“ Ha-Joon Chang, author of the book „Economics: The User's Guide“, gives a critical wrap-up on the economic discipline – on what is perceived as economics, what are dominant paradigms, the role of numbers and economics in public life. He further elaborates on the importance of heterodox schools of thought. 2014 Level: beginner Ha-Joon Chang on Economics Ha-Joon Chang The RSA In this lecture Ben Fine aims at stimulating interest for and explaining the relevance of Marxist Political Economy. Ben Fine dedicates the first half of his comprehensible lecture to the question on how mainstream economics became the way it is by explaining its key concepts and how those evolved during the past 150 years. While critically reflecting those concept he also emphasizes that mainstream economics does not consider historical processes. This is the point of departure on his presentation of the core terms and crucial categories of Marxist Political Economy: e.g. the production process and class relations (Part 1). Part 2 examines the consequences of the capitalist mode of production and its propensity to crises. Ben Fine illustrates this Marxist analysis with the example of the current crisis and explains current conditions for the accumulation of capital. 2014 Level: beginner Introduction to Marxist Economics (Part 1) Ben Fine Post-Crash Economics Society In this lecture Mirowski claims that a good critique of and alternative to neoclassical economics should focus on microeconomics. In addition, he claims that mainstream economics is not about a specific "human nature", instead the understanding of markets (partially based on Hayek) is of special importance. As an alternative Mirowski proposes institutionalist economics that builds upon how markets work nowadays (e.g. links to computer science). 2015 Level: expert Should Economists be Experts in Markets or in Human Nature? Philip Mirowski Netzwerk Plurale Ökonomik Keen first compares neoclassical approaches to modelling with heterodox ones. Then he discusses in length the required assumptions and the inconsistencies of the aggregate demand and supply model, which is extrapolated from a micro perspective. At the end some dynamic models with feedback mechanisms are shown. 2016 Level: advanced The Mainstream Obsession with Microfoundations and why it is an intellectual dead-end Steve Keen ProfSteveKeen The first keynote speech was given by Sebastian Dullien, current spokesperson of FMM and who is one of the most well-known German economists in applied European economics and a very active contributor to the pluralist debate. Sebastian discusses the strategy of “running with the pack” by using orthodox methods to disseminate pluralist economics and politics. Referring to diverse examples Sebastian addresses the pros and cons of “running with the pack” and proposes alternative approaches to achieve more pluralism in economics. 2016 Level: beginner How to promote alternative macroeconomic ideas: Are there limits to running with the (mainstream) pack? Sebastian Dullien IMK Irene van Staveren, professor of pluralist development economics, presents her pluralist teaching method for the introductory level. Based on her textbook “Economics After the Crisis: An Introduction to Economics from a Pluralist and Global Perspective” she suggests to focus on real-world problems and pari passu apply economic theories such as Social economics, Institutional economics, Post-Keynesian economics as well as Neoclassical economics without wasting time to single out the latter. Besides pointing out advantages of such a pluralist method Irene illustrates her approach based on interesting topics such as growth or feminist economics. 2016 Level: beginner Beyond stimulus versus Austerity: Pluralist capacity building in Macroeconomics Irene van Staveren IMK This video animates part of the talk “On Economics” by Ha-Joon Chang in which he states that economics is not a science for experts but for everyone. Chang further argues why it is important to take into account different perspectives on economics – he identifies at least nine school of thoughts which all have their strengths and weaknesses and presents examples on free trade and well-being. Chang further elaborates on the difficulties of changing the economic status quo. 2016 Level: beginner Economics Is For Everyone! Ha-Joon Chang The RSA A review of: [1] Intermediate Microeconomics, H.R. Varian [2] Mikrooekonomie, R.S. Pindyck, D.L. Rubinfeld [3] Grundzuege der mikrooekonomischen Theorie, J. Schumann, U. Meyer, W. Stroebele 2016 Level: beginner The Dichotomy, Inconsistency, and Peculiar Outmodedness of the "Mainstream" Textbook Wolfram Elsner Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie This talk was given at a local TEDx event, produced independently of the TED Conferences. Economic theory is centuries out of date and that's a disaster for ... 2014 Level: beginner Why it's time for 'Doughnut Economics' Kate Raworth TEDx A concise introduction to Marx's Labour Theory of Value, the three ratios and the falling rate of profit hypothesis. 2009 Level: beginner Marx's Theory of Economic Crisis Cliff Bowman YouTube 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. 2015 Level: beginner A critique to Trickle-down economics Joseph Stiglitz Intelligence Squared 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 Have you ever wondered why it is so difficult to follow through on new year’s resolutions, such as to exercise more or to start saving more money towards retirement? The agent that most traditional economic models are based on would not struggle to keep up these resolutions. These agents are referred to as homo economicus. 2018 Level: beginner Homo Economicus: Why are new year’s resolutions so difficult to maintain and economic models so bad at predicting our behaviour? Antonia T. Schröder Pluralist Economics Fellowship 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 The article is a formal response to the debate between the economists Diane Coyle and Howard Reed, whose articles were published online by Prospect magazine in 2018. Then, it was taken by Rethinking Economics as representative for the vision of the global network which advocates for changing economics curricula. In fact, it clearly solves some issues within the debate around pluralism by explaining its common misunderstandings among academics and its true - often mislead - meaning. 2018 Level: advanced Deliberate Misunderstandings in Economics: What Pluralism Really Means Leonardo Conte Rethinking Economics Economics is dogmatic, monolithic, merely quantitative, highly normative, strongly political, primarily ethical, pseudo-scientific, and manipulative. 2019 Level: beginner Economics is ... Leonardo Conte Rethinking Economics Switzerland Since Daniel Kahneman won the Nobel Memorial Price in Economic Sciences in 2002, a new branch of economics gained academic and popular interest. That is, the so-called area of behavioural economics. However, some scholars claim that this new area of economics is not changing much of the mainstream paradigm. Why? 2019 Level: advanced Is Behavioural Economics the New Mainstream? Leonardo Conte Rethinking Economics Switzerland Approaching the law of nature that determines all forms of economy. The bulk of economic theory addresses the economic process by setting out on a catalogue of aspects, seeking the laws in the aspects and hoping to get together a reliable view of the whole. 2019 Level: advanced Economic theory, methodology, and secure foundations Dr. Alec A. Schaerer Exploring Economics In this talk, Eric Beinhocker outlines his ideas of how to ensure a just and sustainable future for Humanity: This includes his interesting Russian Doll approach to unpacking 20th-century economics and proposals of new theories to underpin a new economic system. 2019 Level: beginner Economic Transition in the Anthropocene Eric Beinhocker University of California Donald Trump won in 2016 largely because enough voters in three states, all in the Rustbelt, which had voted for Barack Obama in both 2008 and 2012, switched their electoral votes from Democratic to Republican. 2019 Level: beginner The Rise of Trumpism John Komlos Duke University’s John Hope Franklin Center In this blog article Steve Keen elaborates on flawed climate change modelling and mainstream economics forecasts. In specific, he stresses the climate change forecasts of the DICE model (“Dynamic Integrated model of Climate and the Economy”) by Nobel Memorial Prize in Economic Sciences winner William Nordhaus. 2019 Level: advanced The Cost of Climate Change Steve Keen Evonomics In this talk Robert Skidelsky analyses how sociology did and could enrich economic analyses, but also how critical sociological insights have been colonised by mainstream economics. 2019 Level: beginner How Can Sociology Help Economics? Robert Skidelsky Institute for New Economic Thinking In this short Video Silke Helfrich discusses the basics of commons. It’s an introduction into the essence of commons from a perspective stemming from outside the economic discipline that focuses on social practice. Her perception challenges the economic mainstream’s perception of common goods and goes beyond a purely materialistic conceptualisation of commons. 2014 Level: beginner The Basics of Commons Silke Helfrich Leuphana Digital School This content submission has two parts: (1) a link to the post by Wolf Richter on deterioration of US subprime credit card debt and loans, driven in part by the overuse of hedonic quality adjustments in the Consumer Price Index (CPI) used by the US Bureau of Labor Statistics, and (2) to introduce Exploring Economics to the website Naked Capitalism, which is an effort to promote critical thinking through the medium of a finance and economics blog and fearless commentary. 2019 Level: expert What’s Behind the Subprime Consumer Loan Implosion? Wolf Richter www.nakedcapitalism.com In this video, Rajan Raghuram highlights ‘A hereditary Meritocracy’. He identifies the “limitations” with the current economic systems of democracy and markets. 2019 Level: beginner A Hereditary Meritocracy Raghuram Rajan New Economic Thinking Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem. 2019 Level: beginner Economics for People Ha-Joon Chang Institute for New Economic Thinking In this podcast, Amy Goodman and Juan González explore together with Joseph Stiglitz, a Nobel Prize-winning economist, inequality and the state of the U.S. economy. Topics they touch upon are capitalism, taxation, powerlessness of citizens and Joseph Stiglitz's book entitled People, Power, and Profits: Progressive Capitalism for an Age of Discontent. 2019 Level: beginner Capitalism Hasn’t Been Working for Most People for the Last 40 Years - Podcast with Joseph Stiglitz   https://www.democracynow.org As part of the 2019/2020 Exploring Economics Experience, one of our supporters Prof. Steve Keen gave a presentation to our editorial team. Read more 2020 Level: expert The foundations of monetary macroeconomics - Steve Keen | Exploring Economics Global Lecture Steve Keen Exploring Economics 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 Prof. Yanis Varoufakis talks in this introductory lecture about the future of our economy and the current state of economics with special regard to pluralism in economics. 2020 Level: beginner Introduction to Pluralism in Economics - From an Economics-without-Capitalism to Markets-without-Capitalism Yanis Varouvakis Universität Tübingen, Rethinking Economics 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 Forum in the Boston Review deals with the role of economics in modern policymaking and presents a wide set of perspectives on the topic. The opening text by Suresh Naidu, Dani Rodrik and Gabriel Zucman aims to answer a range of common criticisms against the modern, neoclassical science of economics and its influence on public discussions. 2019 Level: beginner Economics After Neoliberalism Suresh Naidu, Dani Rodrik, Gabriel Zucman Boston Review

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