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It is perhaps fitting that the seriousness of the coronavirus threat hit most of the Western world around the Ides of March, the traditional day of reckoning of outstanding debts in Ancient Rome. After all, problems and imbalances have accumulated in the Western capitalist system over four decades, ostensibly since it took the neoliberal road out of the 1970s crisis and kept going along it, heedless of the crises and problems it led to.
The Unexpected Reckoning: Coronavirus and Capitalism
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.
Stock Flow Consistent Macroeconomics
In the history of the social sciences, few individuals have exerted as much influence as has Jeremy Bentham. His attempt to become “the Newton of morals” has left a marked impression upon the methodology and form of analysis that social sciences like economics and political science have chosen as modus operandi.
Bentham’s Two Sovereign Masters - Examining Bentham’s Influence on the Social Sciences
The chapter by the Centre for Economy Studies introduces interdisciplinary economic subdisciplines and their importance for economics education.
Interdisciplinary Economics
When you notice inequality in your everyday life do you ever wonder where it comes from and what keeps it going This sociology course introduces you to core concepts of class gender and racial inequality and an approach to studying complex forms of inequality called intersectionality Featuring interviews with top …
Global Inequality
This article explores the production function, the prevailing view of capital that underpins it, and the main alternative perspective. By exploring these perspectives, the authors aim to provide students with a foundational understanding of the controversies surrounding the treatment of capital in production, a topic expressly excluded from mainstream textbooks.
Why We Should Think Twice About Production Functions
This presentation looks at the basic idea of Marxism, specifically the conflict between the different classes in society.
A Brief Introduction to Marxism
UBC's Henry Siu, a professor at the Vancouver School of Economics, speaks about innovation in economics, technological progress and what it means for the fut...
Understanding technological change
In this podcast, Professor Darrick Hamilton critically discusses how current neoliberal economic models uphold a systemically racially unjust structure of economies.
EQUALS: Racism, Rebellions and the Economy
This video explains what the term 'Feminist Economics' describes and goes into detail on how feminist economists use methodology differently, why they advocate for diversity in research and how to look into preconditions for the functioning of our economies. It, additionally, highlights the link between feminist economics and the study of climate change.
What is Feminist Economics & what does it have to do with studying the climate crisis?
The workshop introduces into the field of critical political economy and tries to identify the role of finacial markets in capitalism, the reason for financial crises and the relevance of Marx in regard to these topics.
Marxian Political Economy
This course focus on the behaviour of individuals from an pluralist economic and an interdisciplinary bevavioural science apprach.
Actors, Behaviours and Decision Processes
Completing the Economics of Discrimination module, the students should have acquired knowledge and understanding of the existing similarities and differences of the definition and analysis of discrimination across economic theory and cultural theory.
Economics of discrimination
This course has dual purposes, to introduce students to the various stages of research and to provide an introduction to feminist perspectives on the politics of producing knowledge. Each student will learn how to be an interdisciplinary researcher while coming to understand the opportunities that feminism presents as a way of seeing, knowing, and representing the world.
Critical Feminist Investigations
To what extent does gender affect people's patterns of labor force participation, educational preparation for work, occupations, hours of work (paid and unpaid) and earnings?
Sex-Segregated Labor Markets
What are the debates, feminist and otherwise, surrounding the phenomena of globalization? How does a gendered lens complicate our understandings of neoliberal globalization? How are particular labor regimes integral to global restructuring, and how are these gendered? What are the implications of global restructuring for bodies, identities, relations, and movements?
The Gender and Labor of Globalization
The goal of the course is to deepen students’ understanding of the Latin American development experience by viewing it through a gender lens.
Gender in Latin American Development
For many social critics "globalization" is a signpost of “late-capitalism” with the rise of multinational corporations, mass consumption and the multidirectional flows of capital, labor, media, communication, ideologies and social movements across national borders. Feminist analyses of globalization and the gendered and sexualized permutations of these phenomena offer a critical stance for theorizing these processes, and for studying their complex articulations across time and space.
Feminist Inroads in Epistemology, Method, and Theory
In this teaching pack, we look at the acquisition of Twitter by Elon Musk. In particular, we focus on what it means to take a company private and how the deal was financed.
Musk buys Twitter
The gender pay gap is a pressing issue that affects individuals and society as a whole, so it is important for economics students to understand it. Despite recent progress, women still earn less than men for the same jobs, leading to economic inequalities and reduced efficiency (see, for example, the recent report released by Moody’s). Understanding the causes and consequences of the gender pay gap is critical in developing policies that promote fairness and equality.
The Gender Pay Gap: Understanding the Economic and Social Causes and Consequences
This syllabus provides an overview of the contents of the course "The Philosophy and Methodology of Economics" at the Duke University
The Philosophy and Methodology of Economics
Croatia adopted the euro as its currency on 1 January 2023, becoming the 20th member state of the eurozone. In this teaching pack, students learn what it entails to join the eurozone and discuss what its effects might be. In this way, the case helps students connect theoretical insights about monetary unions with real world knowledge and economic developments in the news.
Croatia adopts the euro – Economy Studies
In this teaching pack, we look at the acquisition of Twitter by Elon Musk. In particular, we focus on what it means to take a company private and how the deal was financed.
Musk buys Twitter
The goal of this teaching pack by Economy Studies is to make students familiar with different visions for how the economy could be organised and enable them to critically reflect on such ideas. As future economic experts, it is important that they become aware of prominent proposals for reorganising the economy and practise how to deal with them.
(Some) Visions for the economy - Economy Studies
This lecture by Economy Studies lays out the foundations and current state of the ecological crisis, its main drivers and who is responsible for this. It is crucial for students to develop a deeper understanding of the problem they are likely to encounter in their future careers, before getting into various economic policies or solutions to this pressing issue.
Economic Introduction to the Ecological Crisis - Economy Studies
There are three things one can do on this website - 1. Learn 2. Help Teach 3. Sign up for the MOOC.
Econometrics Academy
Planetary Mine rethinks the politics and territoriality of resource extraction, especially as the mining industry becomes reorganized in the form of logistical networks, and East Asian economies emerge as the new pivot of the capitalist world-system.
Planetary Mine
This edited volume presents a collection of articles that engage with various concepts from Marx’s Capital and Marxian theory in general, from a ‘Southern’ perspective. The book engages with four specific themes: “Reception of Capital in the East; Value, Commodity, Surplus Value and Capitalism; Population and Rent in Capital; and Issues Beyond Capital”.
‘Capital’ in the East
The book explores the imperialist tendency inherent in global capitalism by using a rigorous political economy framework.
The Wealth of (some) Nations
The book critically engages with various Marxian perspectives on the dynamics on development and social progress It specifically engages with some key words in Marxian theory including Marx s early work on capitalist development and his later works on underdeveloped Russia Lenin s thesis on imperialism as a hurdle for …
Rethinking Development
From Marketisation to Armed Conflict Since 1991 nominally independent Ukraine has been in turmoil with the Orange Revolution and the Maidan protests marking its most critical moments Now its borders are threatened and the civil unrest and armed conflict continue to destabilise the country In order to understand these dramatic …
Ukraine and the Empire of Capital
A previously unpublished collection of Rodney's essays on Marxism, spanning his engagement with of Black Power, Ujamaa Villages, and the everyday people who put an end to a colonial era
Decolonial Marxism
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