✕
503 results
Modern authors have identified a variety of striking economic patterns, most importantly those involving the distribution of incomes and profit rates. In recent times, the econophysics literature has demonstrated that bottom incomes follow an exponential distribution, top incomes follow a Pareto, profit rates display a tent-shaped distribution. This paper is concerned with the theory underlying various explanations of these phenomena. Traditional econophysics relies on energy-conserving “particle collision” models in which simulation is often used to derive a stationary distribution. Those in the Jaynesian tradition rely on entropy maximization, subject to certain constraints, to infer the final distribution. This paper argues that economic phenomena should be derived as results of explicit economic processes. For instance, the entry and exit process motivated by supply decisions of firms underlies the drift-diffusion form of wage, interest and profit rates arbitrage. These processes give rise to stationary distributions that turn out to be also entropy maximizing. In arbitrage approach, entropy maximization is a result. In the Jaynesian approaches, entropy maximization is the means.
The current Great Recession, the worst crisis that capitalism has faced since the Great Depression, has failed, at least so far, to generate a change in the teaching and practice of Macroeconomics. This seems bizarre as if nothing has happened and the economists are just going about doing business as usual. In light of this, the current paper attempts to address how Macroeconomics ought to be taught to students at the advanced intermediate level, which gives them an overall perspective on the subject.
Teaching and learning ontology and epistemology. Onto-what? Bates & Jenkins explain what is needed to equip students with the ability to critically reflect on learned content and understand meta-discussions in their field.
A remarkable and insightful tribute into the works of late Malawian development economist, Professor Thandika Mkandawire. Must read for anyone looking to broaden their scope of understanding development as it relates to the African continent.
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.
This part is devoted to simulation experiments based on the simulation model developed in part I from the value theoretic reconstruction of the main parts of Marx s critique of Political Economy After introducing the main parameters and the range of their variation Section 1 a singular run as well …
This video explains what a co-operative is, discussing the different types, their history and purposes, before moving on to discuss the current state of the co-operative movement.
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
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.
There was a time when the world still seemed a good and above all simple place for monetary authorities Every few weeks they had to decide whether in view of the latest price developments it would be better to raise the key interest rates by a quarter point or not …
In this short video, John Holmwood problematizes Marxian Economics from a post-colonial perspective.
This film looks at the role economic growth has had in bringing about this crisis, and explores alternatives to it, offering a vision of hope for the future and a better life for all within planetary boundaries.
After completing the module, participants should have gained a basic understanding of the economic school of thought referred to as "Modern Monetary Theory" and should be able to analyze the monetary processes at play in the economy and evaluate fiscal and monetary policy decisions from an MMT-perspective.
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.
The postcolonial critique of Economics is one of the sharpest and most comprehensive indictments of the discipline highlighting the discipline s limited treatment of power and culture and the incompatibility of the discipline s theoretical frameworks and predictions with the contexts of most formerly colonised territories This interview of Prof …
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.
In this article, Tetteh Hormeku-Ajei and Camden Goetz discuss the ongoing impacts of colonialism on Africa’s natural resources.
Course goals Learn about women men and work in the labor market and the household Learn to apply the tools of economic analysis to these topics and deepen understanding of these tools Develop the skills to think critically about gender issues including policy interventions Enhance understanding of how to analyze …
Feminist economics critically analyzes both economic theory and economic life through the lens of gender, and advocates various forms of feminist economic transformation. In this course, we will explore this exciting and self-consciously political and transformative field.
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.
In this piece Alexander Kravchuk gives an overview over the history of dept dependency in Ukraine, highlighting especially the role of international creditors and the negative socio-economic impacts of debt dependency for the Ukrainian economy.
This course is intended to present some of the main ideas underlying the micro aspects of gender economics. The courses will tackle issues as fertility, marriage, women labor force participation, wage gap, gender inequality, violence against women and women empowerment within her household and within the society where she lives.
Asset Management firms control large parts of the global economy Just the three American asset management firms BlackRock Vanguard and State Street manage more than half of the combined value of all shares for companies in the S P 500 Their combined managed assets amount to 22 trillion May 2022 …
Complexity economics and institutional economics are complementary approaches to studying the economy. They can pool their methods and foundational theories to explain the mechanisms that underlie economies.
The workshop deals with the contribution of Plural Economics to the urgently needed change of the economic system towards sustainability and global responsibility.
After completing the module, participants should be able to demarcate and explain different economic approaches to sustainability. They should be able to evaluate the respective concepts based on their contribution to the ecological transformation of the economic system.
This syllabus opens a literary overview of must-read papers in the field of development economics.
This syllabus provides an overview of the contents of the course "The Philosophy and Methodology of Economics" at the Duke University
The World Inequality Lab gathers social scientists committed to helping everyone understand the drivers of inequality worldwide through evidence based research The World Inequality Lab hosts the World Inequality Database the most extensive public database on global inequality dynamics Their main missions are The extension of the World Inequality Database …
Green Growth has been increasingly discussed as a solution to the socio-ecological crisis. But can economic growth be sustainable at all?
Explore the pressing topic of globalisation and how it affects economics, politics and society with this online course.
A free online course at Masters-level will enable you to understand the past, present and future role of money in society.
In a span of around 12 weeks, the course covers a wide range of topics including agent-based modeling, networks, dynamic, chaos, information, fractals, cooperation models and scaling in biology and society. The course acts as a perfect beginner level introduction spanning a wide range of topics in the field of complexity.
Necesitamos cookies. Pincha en “Aceptar” para ayudarnos a hacer de Exploring Economics una mejor plataforma.