As opposed to the conventional over-simplified assumption of self-interested individuals, strong evidence points towards the presence of heterogeneous other-regarding preferences in agents. Incorporating social preferences – specifically, trust and reciprocity - and recognizing the non-constancy of these preferences across individuals can help models better represent the reality. 2019 Level: adelantado A fresh perspective to economic theory: Social preferences and their impact on gender and policy Sheral Shah Exploring Economics An essay of the writing workshop on contemporary issues in the field of Nigerian economics: The adverse effect of climate change is overwhelming, not just in Nigeria but globally. Global warming is the result of hostile human activities that have impacted the environment negatively. This is the principal variable the government should tackle through practical innovations such as the acceptable implementation of Adaptation Policies and also through the adequate implementation of environmental tax. These will enhance pro-environmental behaviour which is fit for socio-political and economic activities for sustainability. Level: debutante The Role of Fiscal Policy in Climate Change Mitigation Via Environmental Management and Sustenance in Nigeria Ayuba Yahaya Karatu Exploring Economics An essay of the writing workshop on contemporary issues in the field of Nigerian economics: In Nigeria, it appears that there is nothing in the constitution, which excludes the participation of women in politics. Yet, when it comes to actual practice, there is extensive discrimination. The under-representation of women in political participation gained root due to the patriarchal practice inherent in our society, much of which were obvious from pre-colonial era till date. Level: debutante Women Participation – Women Contribution to Economics and Politics Mary Otunba Exploring Economics A central question in development economics literature is, “Why do countries stay poor?” The key disagreements are whether the lack of economic growth stems from institutions or from geography (Nunn 2009). From an institutional perspective, hostile tariff regimes and commodity price dependencies form a barrier to a sectoral shift that would otherwise lead to economic development in developing countries (Blink and Dorton 2011) (Stiglitz 2006).[i] 2020 Level: debutante Trade Barriers to Development explored through various lenses Johannes M. Halkenhaeusser Pluralist Economics Fellowship Whether a black swan or a scapegoat, Covid-19 is an extraordinary event. Declared by the WHO as a pandemic, Covid-19 has given birth to the concept of the economic “sudden stop.” We need extraordinary measures to contain it. 2020 Level: debutante Triggering a Global Financial Crisis: Covid-19 as the Last Straw T Sabri Öncu Counterpunch, Prime Environmental catastrophe looms large over politics: from the young person’s climate march to Alexandria Ocasio-Cortez’s Green New Deal, increasing amounts of political space are devoted to the issue. Central to this debate is the question of whether economic growth inevitably leads to environmental issues such as depleted finite resources and increased waste, disruption of natural cycles and ecosystems, and of course climate change. Growth is the focal point of the de-growth and zero-growth movements who charge that despite efficiency gains, increased GDP always results in increased use of energy and emissions. On the other side of the debate, advocates of continued growth (largely mainstream economists) believe that technological progress and policies can ‘decouple’ growth from emissions. 2020 Level: debutante To Grow or Not to Grow? Cahal Moran Rethinking Economics The most successful multialternative theories of decision making assume that people consider individual aspects of a choice and proceed via a process of elimination. Amos Tversky was one of the pioneers of this field, but modern decision theorists – most notably Neil Stewart – have moved things forward. At the current stage the theories are able to explain a number of strictly ‘irrational’ but reasonable quirks of human decision making, including various heuristics and biases. Not only this, but eye movements of participants strongly imply that the decision-making process depicted in the theories is an accurate one. 2020 Level: debutante The Quirks of Human Decisions, Explained Cahal Moran Rethinking Economics 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 Mainstream inflation theories in economics do little to explain the recent acceleration in price increases. The associated economic policy recommendations further increase the misery of low-income groups. 2023 Level: debutante The inflation conundrum Thomas Sablowski Exploring Economics The term "de-risking" can be seen as one element of a strategy aimed at discursively reframing the trade policy confrontation with China. This confrontation has mainly been driven by the US in recent years and received initially cautious, but later growing support from the EU. 2023 Level: debutante De-risking, de-coupling, de-globalization? Samuel Decker Exploring Economics El foco de atención de la investigación que se lleva a cabo en la tradición de las escuelas austriacas reside en investigar la coordinación económica entre los individuos. Escuela Austriaca     In 18th century Europe figures such as Adam Smith, David Ricardo, Friedrich List and Jean Baptiste Colbert developed theories regarding international trade, which either embraced free trade seeing it as a positive sum game or recommended more cautious and strategic approaches to trade seeing it as a potential danger and a rivalry and often as a zero-sum game. What about today? 2016 Level: debutante Free trade in economic theories Exploring Economics Exploring Economics In this article, Perry Mehrling, a professor of economics at Barnard College, presents and discusses three theories of banking which are guiding bank regulation. These are credit creation theory, fractional reserve theory and debt intermediation theory. 2016 Level: adelantado Central Bank theories of Banking and Money Perry Mehrling www.perrymehrling.com 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: debutante The Rise of Trumpism John Komlos Duke University’s John Hope Franklin Center A stock-flow-fund ecological macroeconomic model 2020 Level: perito DEFINE - A stock-flow-fund ecological macroeconomic model Yannis Dafermos, Giorgos Galanis & Maria Nikolaidi DEFINE 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: debutante Economics After Neoliberalism Suresh Naidu, Dani Rodrik, Gabriel Zucman Boston Review In this series of webinars, several researchers face different topics related to Degrowth. Money, health, Green New Deal, Anarchism, and many more. 2020 Level: debutante Degrowth Talks Various UK Degrowth Summer School This paper investigates how the concept of public purpose is used in Modern Monetary Theory (MMT). As a common denominator among political scientists, the idea of public purpose is that economic actions should aim at benefiting the majority of the society. However, the concept is to be considered as an ideal of a vague nature, which is highly dependent on societal context and, hence, subject to change over time. MMT stresses that government spending plans should be designed to pursue a certain socio-economic mandate and not to meet any particular financial outcome. The concept of public purpose is heavily used in this theoretical body of thought and often referred to in the context of policy proposals as the ideas of universal job guarantee and banking reform proposals show. MMT scholars use the concept as a pragmatic benchmark against which policies can be assessed. With regards to the definition of public propose, MMT scholars agree that it is dependent on the social-cultural context. Nevertheless, MMT scholars view universal access to material means of survival as universally applicable and in that sense as the lowest possible common denominator. 2020 Level: adelantado Modern Monetary Theory and the public purpose Dirk H. Ehnts, Maurice Höfgen Institute for International Political Economy Berlin 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 … 2020 Level: adelantado A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model Part II Frank Beckenbach Review of Evolutionary Political Economy 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 … 2021 Level: debutante On climate, jobs and financial stability: Towards a new mandate for central banks? Isabel Schnabel, Adam Tooze & Moritz Schularick Forum New Economy 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 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 A Methodology of Pluralist Economics Florian Rommel Conference "Which Pluralism?" The goal of the class is to acquire familiarity with recently-published research in alternative macroeconomics with a focus on the distribution of income and wealth, cyclical growth models, and technical change. 2021 Level: debutante Theory Seminar Macro-Distribution Daniele Tavani Exploring Economics 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 Exploring Ergodicity Economics Mark Kirstein Conference "Which Pluralism?" 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 The socio-economic world is non-ergodic Lucio Biggiero Conference "Which Pluralism?" 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 Real Economic Analysis - A Theoretical and Empirical Alternative to Economic Orthodoxy Anwar Shaikh Conference "Which Pluralism?" 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 Decolonization of Methodology of Economics Bediz Ölmez Conference "Which Pluralism?" 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 Decolonizing Structuralsim - Integrating Dependency and Postcoloniality Joao Pedro Braga Conference "Which Pluralism?" 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 Transformative Finance Christian Fahrbach Conference "Which Pluralism?" 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 Mainstream Theory of Finance Nikos Stravelakis Conference "Which Pluralism?" 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 Putting Jurisprudence Back into Economics David Ellerman Conference "Which Pluralism?" 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 Thought on teaching intereconomicscultural communication Elsa Egerer Conference "Which Pluralism?"