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In spite of the manifold critique about the state of economics in the aftermath of the financial crisis, an even increasing presence of economists and economic experts can be observed in the public sphere during the last years. On the one hand this reflects the still dominant position of economics in the social sciences as well as the sometimes ignorant attitude of economists towards findings of other social sciences. On the other hand this paper shows that the public debate on politico-economic issues among economists is dominated by a specific subgroup of economists, tightly connected to an institutional network of “German neoliberalism”. This group of “public economists” (i) is dominant in public debates even after the financial crisis, (ii) reproduces the formative German economic imaginary of the Social Market Economy in a German neoliberal interpretation and (iii) has a good access to German economic policymaking, rooted in a long history of economic policy advice. 2016 Level: adelantado Still the queens of social sciences? (Post-)Crisis power balances of “public economists” in Germany Stephan Pühringer Institut für Ökonomie und Philosophie Cusanus Hochschule This lecture was held in the context of the a two day conference called Which pluralism for thinking about how to achieve a more sustainable and resilient economy The practices institutions and system logics of today s economy are not suitable for appropriately addressing fundamental human needs The climate crisis … 2021 Level: debutante Caring the Care Sector - Contributions of Feminist Macroeconomics to Economics in the Post-COVID Era Izaskun Zuazu Conference "Which Pluralism?" This book is a collection of Steve Keen's influential papers published over the last fifteen years. The topics covered include methodology, microeconomics, and the monetary approach to macroeconomics that Keen - along with many other non-mainstream economists - has been developing. 2016 Level: adelantado Developing an Economics for the Post-crisis World Steve Keen College Publications This is an introductory lecture to Stock Flow Consistent SFC modelling Antoine Godin presents this family of macroeconomic models which is based on a rigorous accounting framework and guarantees a correct and comprehensive integration of all the flows and the stocks of an economy SFC models focus especially on interactions … 2015 Level: adelantado Post Keynesian Stock-Flow consistent Modelling Antoine Godin IMK This lecture was held in the context of the a two day conference called Which pluralism for thinking about how to achieve a more sustainable and resilient economy The practices institutions and system logics of today s economy are not suitable for appropriately addressing fundamental human needs The climate crisis … 2021 Level: debutante Embracing speculation and liquid identity: The case of the entrepreneur in a post crisis world Wyatt Constantine Conference "Which Pluralism?" This book demonstrates the continuing relevance of economics for understanding the world, through a restatement of the importance of plurality and heterodox ideas for teaching and research. 2017 Level: adelantado Post-Crash Economics Feraboli, Omar; Morelli, Carlo J. (eds.) Palgrave Macmillan In the debate about a sustainable and livable future, the critique of work is an essential perspective. In this contribution, Maja Hoffmann explores the tension between the environmentally harmful effects of work on the one hand and the systematic compulsion of work on the other. 2024 Level: debutante How can post-work (critiques of work) enrich the climate debate? Maja Hoffmann Economists for Future The notion that the demand and supply side are independent is a key feature of textbook undergraduate economics and of modern macroeconomic models. Economic output is thought to be constrained by the productive capabilities of the economy - the ‘supply-side' - through technology, demographics and capital investment. In the short run a boost in demand may increase GDP and employment due to frictions such as sticky wages, but over the long-term successive rises in demand without corresponding improvements on the supply side can only create inflation as the economy reaches capacity. In this post I will explore the alternative idea of demand-led growth, where an increase in demand can translate into long-run supply side gains. This theory is most commonly associated with post-Keynesian economics, though it has been increasingly recognised in the mainstream literature. 2020 Level: debutante It’s Demand All the Way Down Cahal Moran Rethinking Economics In parallel to rising inflation numbers, the concept of profit inflation has clearly risen to prominence in recent years. But what is it exactly? This dossier aims not only to collect the most important publications on profit inflation but also intends to map out the development of the discourse and the different positions within the debate. 2024 Level: adelantado Profit Inflation: Mapping the debate Theresa Walter Exploring Economics In this roundtable conversation, Post-Colonialisms Today members, Omar Ghannam, Kareem Megahed and Tetteh Hormeku-Ajei, look to policies from early post-independence Africa to tackle issues exacerbated by the COVID- 19 pandemic. 2020 Level: debutante Lessons from Africa’s past to cope with COVID-19 Omar Ghannam, Kareem Megahed, Tetteh Hormeku-Ajei Post-Colonialisms Today: postcolonialisms.regionsrefocus.org If there’s one method economists have neglected the most, it’s qualitative research. Whereas economists favour mathematical models and statistics, qualitative research seeks to understand the world through intensive investigation of particular circumstances, which usually entails interviewing people directly about their experiences. While this may sound simple to quantitative types the style, purpose, context, and interpretation of an interview can vary widely. Because of this variety, I have written a longer post than usual on this topic rather than doing it a disservice. Having said that, examples of qualitative research in economics are sadly scant enough that it doesn’t warrant multiple posts. In this post I will introduce qualitative research in general with nods to several applications including the study of firm behaviour, race, Austrian economics, and health economics. More than usual I will utilise block quotes, which I feel is in the spirit of the topic. 2020 Level: debutante Qualitative Methods in Economics: "You Can Observe a Lot Just by Watching" Cahal Moran Rethinking Economics Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam explain how early post-independence Egypt sought economic independence via industrialization. 2020 Level: adelantado Achievements of Egypt’s Industrialization Project Kareem Megahed, Omar Ghannam, Heba Khalil Post-Colonialisms Today: postcolonialisms.regionsrefocus.org Based on a paper by Jason Hickel and Giorgos Kallis Decoupling refers to the separation of economic value creation material extraction and pollution. Ecological limits pose a challenge to growth-led development and the low historical and predicted rate of decoupling suggests that long-term sustainable growth-led development is impossible. 2021 Level: debutante Degrowth and Environmental Justice: Decoupling Jezri Krinsky blobMetropolis 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: debutante Beyond stimulus versus Austerity: Pluralist capacity building in Macroeconomics Irene van Staveren IMK Since the 1980s, the financial sector and its role have increased significantly. This development is often referred to as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of finance manifests a new era in the history of capitalism. The present article first provides some general discussion on the term financialization and presents some stylized facts which highlight the rise of finance. Then, it proceeds by briefly reviewing the main arguments in the Marxian framework that proposedly lead to crisis. Next, two schools of thought in the Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the contradictions imposed by financialization that disrupt the growth process and also stress the fragilities imposed by the new growth regime. The two approaches introduced here are the Social Structure of Accumulation Theory and Monthly Review School. The subsequent part proceeds with the Post-Keynesian theory, first introducing potential destabilizing factors before discussing financialization and the finance-led growth regime. The last section provides a comparative summary. While the basic narrative in all approaches considered here is quite similar, major differences stem from the relationship between neoliberalism and financialization and, moreover, from the question of whether financialization can be considered cause or effect. 2016 Level: adelantado Financialization and the crises of capitalism Petra Dühnhaupt Institute for International Political Economy Berlin As the current economic crisis spreads around the globe questions are being asked about what king of capitalist or post-capitalist economy will follow. There is increasing talk of the need for stringent economic regulation, the need to temper greed and individualism, to make the economy work for human and social development. 2009 Level: adelantado The Social Economy Ash Amin Zed Books The Austrian tradition in economic thought had a profound influence on the development of post-war economics including neoclassical orthodoxy, game theory, public choice, behavioral economics, experimental economics and complexity economics. 2008 Level: adelantado Explorations in Austrian Economics Roger Koppl Emerald Group Publishing How do people make decisions? There is a class of models in psychology which seek to answer this question but have received scant attention in economics despite some clear empirical successes. In a previous post I discussed one of these, Decision by Sampling, and this post will look at another: the so-called Fast and Frugal heuristics pioneered by the German psychologist Gerd Gigerenzer. Here the individual seeks out sufficient information to make a reasonable decision. They are ‘fast’ because they do not require massive computational effort to make a decision so can be done in seconds, and they are ‘frugal’ because they use as little information as possible to make the decision effectively. 2020 Level: debutante Bounded Rationality: the Case of ‘Fast and Frugal’ Heuristics Cahal Moran Rethinking Economics The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians, Kaldorians, Institutionalists) and also in some strands of neo-Marxian economics, particularly in the monopoly capitalism and underconsumptionist school In this contribution, we will therefore outline the foundations of the principle of effective demand and its relationship with the respective notion of a capitalist or a monetary production economy in the works of Marx, Kalecki and Keynes. Then we will deal with heterodox short-run macroeconomics and it will provide a simple short-run model which is built on the principle of effective demand, as well as on distribution conflict between different social groups (or classes): rentiers, managers and workers. Finally, we will move to the long run and we will review the integration of the principle of effective demand into heterodox/post-Keynesian approaches towards distribution and growth. 2015 Level: adelantado The principle of effective demand: Marx, Kalecki, Keynes and beyond Eckhard Hein Institute for International Political Economy Berlin This open access book presents an alternative to capitalism and state socialism through the modelling of a post-market and post-state utopia based on an upscaling of the commons, feminist political economy and democratic and council-based planning approaches. 2022 Level: debutante Make Capitalism History Simon Sutterlütti, Stefan Meretz Springer International Publishing Although sometimes used as synonyms, economic growth and economic development refer to different processes. While economic growth refers to an increase in real national income and output (i.e., GDP growth rate), economic development refers to an improvement in the quality of life and living standards (i.e., life expectancy). 2018 Level: debutante Could gender equality help the economy? Ximena Perez Pluralist Economics Fellowship This course will expose students to some of the key debates that link digital transformations to economic, social, and political inequalities. Students will be familiarised with a variety of theoretical movements in development studies and internet studies: exploring thinking that frames the internet as a leveller that can bridge divides vs. exploring the internet as an infrastructure that amplifies existing inequalities. 2022 Level: perito Digital Capitalism and its Inequalities Prof. Mark Graham https://www.oii.ox.ac.uk/study/courses/digital-capitalism-and-its-inequalities-2/ Evolutionary economics focuses on economic change. Hence processes of change such as growth, innovation, structural and technological change, as well as economic development in general are analysed. Evolutionary economics often gives emphasis to populations and (sub-)systems. Evolutionary Economics     Focusing on Kenya’s path-breaking mobile money project M-Pesa, this book examines and critiques the narratives and institutions of digital financial inclusion as a development strategy for gender equality, arguing for a politics of redistribution to guide future digital financial inclusion projects. 2020 Level: adelantado The Exclusionary Politics of Digital Financial Inclusion Serena Natile Routledge Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam discuss the importance of industrial policy during the pandemic to improve domestic capacity for manufacturing essential goods. 2020 Level: debutante Egypt's Past Industrialization Project: Lessons for the COVID-19 Crisis Kareem Megahed and Omar Ghannam Post-Colonialisms Today: postcolonialisms.regionsrefocus.org The Philosophy of Economics Foundational Text provides a systematic and well-structured overview over the field of philosophy of economics. 2023 Level: debutante Philosophy of Economics Milena Dehn, Ella Needler and Jessica Palka Exploring Economics 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: debutante Inflation in economic theory Alexander Barta, Jorim Gerrard, Jakob Steffen & Frieder Zaspel Exploring Economics Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, provides insight on the history of primary commodity export dependence in Africa, and relates it to the difficulties African governments are facing finding necessary resources to tackle the COVID-19 pandemic. 2020 Level: debutante Tracing Primary Commodity Export Dependence Tetteh Hormeku- Ajei Post-Colonialisms Today: postcolonialisms.regionsrefocus.org Along with addressing core conceptual issues in defining heterodox economics, we will cover in some detail five heterodox traditions in economics: Marxian Economics, Institutional Economics, Post-Keynesian Economics, Feminist Economics, and Ecologi-cal Economics. In the first class meeting, we discuss the structure and goals of the course, as well as the expectations and requirements from the students. In addition, we will discuss the concept of heterodoxy in economics, along with discussing the concepts and key issues in mainstream and neoclassical economics. 2020 Level: adelantado Heterodox Economics Alyssia Schneebaum Exploring Economics Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, discusses the role of the state in Africa during the COVID-19 pandemic. 2020 Level: debutante The Central Role of the State in Responding to COVID-19 Tetteh Hormeku-Ajei Post-Colonialisms Today: postcolonialisms.regionsrefocus.org In this article, Jihen Chandoul discusses the importance of food sovereignty in Africa, reflecting on the continent’s early post independence movements for self sufficiency. 2021 Level: debutante Food and the Struggle for Africa’s Sovereignty Jihen Chandoul Post-Colonialisms Today: postcolonialisms.regionsrefocus.org Rethinking Regulation of International Finance encapsulates the most important aspects of the development and operation of the international financial system. This book questions the fundamental basis of the existing international financial architecture (soft law) and explores the need for a compliance-based model based on legitimacy of regulations and accountability of the regulatory bodies in international financial stability. 2018 Level: adelantado Rethinking Regulation of International Finance Uzma Ashraf Barton Kluwer Law International

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