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This text provides an easy to understand introduction to complexity economics for non-specialist audiences such as bachelor's students. 2023 Level: beginner Think Complexity Economics is too Complicated? Then this is for you. Dennis Venter, Arpitha Varma Exploring Economics In this radio interview, Philip Mirowski, author of the book "Never Let a Serious Crisis Go to Waste" presents several differences between neoclassical economics and neoliberalism. Apart from a historical outline, Mirowski primarily discusses different perceptions of markets and the role of the state. Mirowski further reflects on the role think tanks ("part of the "neoliberal thought collective") and the entrepreneurial self (the "neoliberal agent") in the spreading and fostering of the neoliberalism. 2015 Level: beginner How Neoliberalism Survived the Financial Meltdown Philip Mirowski The Majority Report with Sam Seder The COVID-19 pandemic has had far-reaching implications across the African continent. This discussion brings to light the role of African think tanks, such as the African Center for Economic Transformation (ACET) in rethinking the continent’s development models, especially, in light of the unprecedented crisis. 2020 Level: beginner Growth with 'DEPTH' should guide economic transformation in Africa   Institute for New Economic Thinking How countries achieve long-term GDP growth is up there with the most important topics in economics. As Nobel Laureate Robert Lucas put it “the consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else.” Ricardo Hausmann et al take a refreshing approach to this question in their Atlas of Economic Complexity. They argue a country’s growth depends on the complexity of its economy: it must have a diverse economy which produces a wide variety of products, including ones that cannot be produced much elsewhere. The Atlas goes into detail on exactly what complexity means, how it fits the data, and what this implies for development. Below I will offer a summary of their arguments, including some cool data visualisations. 2020 Level: beginner GDP Growth: It’s Complicated Cahal Moran Rethinking Economics Winner of the Nobel Prize in Economics

Get ready to change the way you think about economics.

Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans--predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth--and change the way we think about economics, ourselves, and our world. 2016 Level: advanced Misbehaving Richard H. Thaler W.W. Norton By conducting a discourse analysis (SKAD) in the field of academic economics textbooks, this paper aims at reconstructing frames and identity options offered to undergraduate students relating to the questions ‘Why study economics?’ and ‘Who do I become by studying economics?’. The analysis showed three major frames and respective identity offerings, all of which are contextualized theoretically, with prominent reference to the Foucauldian reflection of the science of Political Economy. Surprisingly, none of them encourages the student to think critically, as could have been expected in a pedagogical context. Taken together, economics textbooks appear as a “total structure of actions brought to bear upon possible action” (Foucault), therefore, as a genuine example of Foucauldian power structures. 2019 Level: beginner The power of economic textbooks: A discourse analysis Lukas Bäuerle Institute of Economics and Philosophy Cusanus Hochschule By focusing on the human side as well as the intellectual dimensions of how economists work and think, this collection of interviews with top economists of the 20th century becomes a startling and lively introduction to the modern world of macroeconomics. 2006 Level: advanced Inside the Economist's Mind Paul A. Samuelson, William A. Barnett Wiley Why do we think that sovereign debt must be repaid--even after a major regime change--in order to maintain country creditworthiness? In a fascinating and highly original book, Odette Lienau argues that this conventional wisdom is overly simplistic and in some respects entirely wrong. 2014 Level: beginner Rethinking Sovereign Debt Lienau, Odette Harvard University Press The 2022 FIFA World Cup (including the construction work required for it) provides a clear example of economic activity that has taken place despite the financial costs to the Qatari state being an order of magnitude larger than the financial benefits it will receive. Whilst this is a fairly extreme case in terms of how many different costs and benefits are involved and how unequally they have been spread, many economic decisions are more complicated than mere financial calculations and it is therefore vital for students to be able to think about multiple dimensions involved in economic decisions. 2023 Level: beginner The Economics of a World Cup in Qatar Economy Studies Economy Studies Noneconomists often think that economists' approach to race is almost exclusively one of laissez-faire. Racism, Liberalism, and Economics argues that economists' ideas are more complicated. 2009 Level: advanced Race, Liberalism, And Economics Colander, David; Prasch, Robert E.; Shetz, Falguni A. University of Michigan Press The ecological crisis challenges the ways to understand the links between the environment, society, and the economy. To train students to be able to think critically about the issues associated with the crisis, it is important to take multiple perspectives into account. This lecture by Economy Studies can help students develop a familiarity with the different schools of thought and conceptions that exist within economics. 2022 Level: beginner Perspectives on the Environment - Economy Studies   Economy Studies

"Thought provoking and fresh - this book challenges how we think about economics.”
Gillian Tett, Financial Times

For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/

Western capitalism is in crisis. 2016 Level: advanced Rethinking Capitalism Michael Jacobs, Mariana Mazzucato Wiley This book is an authoritative and accessible guide to the pluralist movement threatening to revolutionise mainstream economics. Leading figures in the field explain why pluralism is a required virtue in economics, how it came to be blocked and what it means for the way we think about, research and teach economics. 2013 Level: advanced Pluralist Economics Edward Fullbrook Zed Books Ltd. In this TED Talk, the behavioral economist Dan Ariely explain how changing our environment could change our behavior and how this connects with how we think about economics, through simple but powerful examples. 2019 Level: beginner How to change your behavior for the better Dan Ariely TED Inequality is an issue we all face every day, from income disparities to gender discrimination. In this first lecture in the Institute for New Economic Think... 2020 Level: beginner Inequality 101 with Branko Milanovic & Arjun Jayadev Branko Milanovic & Arjun Jayadev Institute for New Economic Thinking From the two premises that (1) economies are complex systems and (2) the accumulation of knowledge about reality is desirable, I derive the conclusion that pluralism with regard to economic research programs is a more viable position to hold than monism. To substantiate this claim an epistemological framework of how scholars study their objects of inquiry and relate their models to reality is discussed. Furthermore, it is argued that given the current institutions of our scientific system, economics self-organizes towards a state of scientific unity. Since such a state is epistemologically inferior to a state of plurality, critical intervention is desirable. 2017 Level: advanced The Complexity of Economies and Pluralism in Economics Claudius Gräbner Johannes Kepler University Linz (ICAE) and University of Duisburg-Essen (IfSO), Journal of Contextual Economics Complexity economics focuses on interactions and interdependencies between individuals and structures in economic systems. Those are systems of organised complexity. High importance is given to the analysis of networks. Complexity Economics     Austrian economics focuses on the economic coordination of individuals in a market economy. Austrian economics emphasises individualism, subjectivism, laissez-faire politics, uncertainty and the role of the entrepreneur, amongst others. Austrian Economics     The global financial crisis (GFC) led to increasing distrust in economic research and the economics profession, in the process of which the current state of economics and economic education in particular were heavily criticized. Against this background we conducted a study with undergraduate students of economics in order to capture their view of economic education. 2018 Level: beginner What economics education is missing: The real world Stephan Pühringer, Lukas Bäuerle Institute of Economics and Philosophy Cusanus Hochschule 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 How can we establish new institutions and practices in order to use fare-free public transport as a beacon for sustainable mobility and a low-carbon lifestyle? The author of this essay elaborates on how practice theory and institutional economics can help to answer this question. 2018 Level: advanced Towards a practice of fare-free sustainability Roxana Erath Exploring Economics A historical glimpse of how economists of the 19th century debated the usefulness of mathematics to economics 2020 Level: beginner Mathematical Economics in the 19th Century Nicolà Bezzola Exploring Economics Health Economics traditionally involves two distinct strands. One focuses on the application of core  neoclassical economic theories of the firm, the consumer and the market to health-seeking behaviour  and other health issues. It suggests a role for government intervention only in the case of specific  market failures (for example externalities, asymmetric information, moral hazard, and public goods)  that distort market outcomes. The second strand is evaluation techniques, used to assess the cost effectiveness of competing health interventions. 2022 Level: beginner Health Economics Julia Ngozi Chukwuma Summer Academy 2022 for Pluralist Economics Capitalism is dissolving boundaries - not only in the sense of ever-expanding global trade flows, but also in the concrete everyday working lives of individuals. What implications does this have for our understanding of freedom, work and borders? Level: beginner Capitalism & Boundaries   Netzwerk Plurale Ökonomik e.V. The current global financial system may not withstand the next global financial crisis. In order to promote the resilience and stability of our global financial system against future shocks and crises, a fundamental reconceptualisation of financial regulation is necessary. This reconceptualisation must begin with a deep understanding of how today's financial markets, regulatory initiatives and laws operate and interact at the global level. 2016 Level: advanced Reconceptualising Global Finance and its Regulation Ross P. Buckley, Emilios Avgouleas, Douglas W. Arner Cambridge University Press Feminist economics focuses on the interdependencies of gender relations and the economy. Care work and the partly non-market mediated reproduction sphere are particularly emphasised by feminist economics. Feminist Economics     Behavioural economics deals with observing behaviour and economic decision making behaviour. Behavioral Economics     One method of economic modelling that has become increasingly popular in academia, government and the private sector is Agent Based Models, or ABM. These simulate the actions and interactions of thousands or even millions of people to try to understand the economy – for this reason ABM was once described to me as being “like Sim City without the graphics”. One advantage of ABM is that it is flexible, since you can choose how many agents there are (an agent just means some kind of 'economic decision maker' like a firm, consumer, worker or government); how they behave (do they use complicated or simple rules to make decisions?); as well as the environment they act in, then just run the simulation and see what happens as they interact over time. 2020 Level: beginner Agents, agents everywhere Cahal Moran Rethinking 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 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 This chapter by the Centre of Economy Studies provides a map through the complex jungle of economic theories. It provides key insights and ideas for thirteen core topics in economics, organised by selecting the most relevant theoretical approaches per topic and contrasting them with each other. 2021 Level: beginner Pragmatic Pluralism Sam de Muijnck and Joris Tieleman Economy Studies What’s inflation? Why is it relevant? And is there an agreed theory about its roots and causes, or is it a contentious concept? That’s what this text is all about: We define what inflation actually means before we delve into the theoretical debate with an interdisciplinary and pluralist approach: What gives rise to it, what factors might influence it, and, consequently, what might be done about it? 2021 Level: beginner Inflation in economic theory Alexander Barta, Jorim Gerrard, Jakob Steffen & Frieder Zaspel Exploring Economics

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