1343 results
In this video University of Warwick Economist Robert Akerlof provides an introduction to a new type of behavioral economics He explains how this type is being driven by a desire to understand how people are shaped by social interactions and what the economic consequences of this are He begins the …
Behavioral Economics: The Next Generation
In this text, Fred Heussner takes up the debate on anti-fascist economics, places it in the context of existing developments and identifies potential for further development.
Anti-fascist economics? For sure! But what does that mean?
The course will teach students to analyze the goals, implementation, and outcomes of economic policy.
Advanced Economic Policy
As seen with the United Nations significant promotion of the Sustainable Development Goals (SDGs) in the past few years, the issue of global development is of growing concern to many international organizations. As humanity continues to become more interconnected through globalization, the inequalities and injustices experienced by inhabitants of impacted countries becomes increasingly clear. While this issue can be observed in the papers of different types (e.g., different schools of thought) of economists throughout the world, the work of behavioral and complexity economists offer a unique, collaborative perspective on how to frame decisions for individuals in a way that can positively reverberate throughout society and throughout time.
Behavioural vs Complexity Economics: Approaches to Development
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.
Pluralist Economics for a Sustainable Economic Future
Based on a critique on econometric and DSGE models (in particular in the context of the financial crisis), Doyne Farmer presents his current research programme that aims at building an agent-based model of the financial and economic crisis. It models heterogeneous agents and from there simulates the economy, firstly for the housing market. The interview gives a short insight in the research programme.
Macroeconomics From the Bottom Up
Sheila Dow discusses the concept of radical uncertainty and the failure of neoclassical economics to integrate it into its analysis. As to the implications for financial regulation that arise from the presence of radical uncertainty she argues for institutional overhaul, where the banks see themselves as a licensed partner of the central bank and where rules, values, and conventions would be subject to a cultural shift. Also, Sheila Dow advocates for a renewed focus on retail banking.
The Economics of Uncertainty
First the global mean is calculated from a matrix of three sets each containing three observations. Then the sum of squares is calculated. Lastly, the concept of degree of freedom is explained.
ANOVA 1: Calculating SST (total sum of squares)
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?
Free trade in economic theories
This is an introductory level core course in macroeconomics for those expecting to take further courses in economics. It provides a theoretical and applied approach of introductory macroeconomics, with an international perspective and applications to account for the growing importance of the global economy and the rising openness of economies.
Introduction to Macroeconomics
At the 2013 Climate, Mind, & Behavior Symposium, Rebecca Adamson of First Peoples Worldwide illustrates alternative economic systems modeled after indigenous worldviews and the power they have in pushing us towards a more sustainable existence.
Rebecca Adamson: Enoughness - Restoring Balance to the Economy
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.
A fresh perspective to economic theory: Social preferences and their impact on gender and policy
What are the implications of the politics of "behavioural change"? Alexander Feldmann took a closer look for you on nudging and framing and if this is a legitimate instrument being used by the state to make us behave better in terms of our carbon footprint.
Politics as supermarket? Or how current policy design changes the relationship between the state and its citizens
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.
Agents, agents everywhere
Marx Reloaded is a cultural documentary that examines the relevance of German socialist and philosopher Karl Marx s ideas for understanding the global economic and financial crisis of 2008 09 The crisis triggered the deepest global recession in 70 years and prompted the US government to spend more than 1 …
Marx Reloaded
On this episode of the Hayek Program Podcast, Professor Roger Koppl talks with Hayek Program Research Fellow Solomon Stein about his research on experts, evolution, and the dynamics of epistemics, his career, and in what future direction(s) he thinks Austrian economics will go.
Austrian Epistemics
This syllabus provides an overview of the contents of the course "Understanding Economic Models" at the University of Helsinki.
Understanding Economic Models
What causes a recession? Told by economic historian John S. Gordon and visualized by a dancing performance, this short film focuses on emotions that are linked to recessions and recovery: fear and confidence.
Recession
The text presents a short perspective of International Political Economy, which "have often sought to complement discussions of governance with a healthy dose of critique", on resistance against e.g. economic inequality or economic and political power.
Resistance
In this book, the author critically examines a number of socialist proposals that have been put forward since the end of the Cold War. It is shown that although these proposals have many merits, their inability effectively to incorporate the benefits of information technology into their models has limited their ability to solve the problem of socialist construction. The final section of the book proposes an entirely new model of socialist development, based on a "needs profile" that makes it possible to convert the needs of large numbers of people into data that can be used as a guide for resource allocation. This analysis makes it possible to rethink and carefully specify the conditions necessary for the abolition of capital and consequently the requirements for socialist revolution and, ultimately, communist society.
Information Technology and Socialist Construction
In March 2020, the Reserve Bank Board introduced a target for the yield on the three-year Australian Government bond which was discontinued in November 2021. This review examines the experience with the yield target and draws lessons from this experience.
The pitfalls of yield curve control
So, what does racism have to do with our 21st century economic system? How can we understand institutions who uphold racism while claiming to value diversity and inclusion? And what does it mean to truly be anti-racist?
New Economics Podcast: Why antiracism means anticapitalism
In this video, the most famed biographer of John Maynard Keynes, Robert Skidelsky, explores the foundations of Keynesian economics
Keynesian Economics - It's All About Spending
"his course introduces the complex, but critical, concepts of sustainability and resilience and examines your impact on our environment."
Sustainability, Resilience, and Society
What are the challenges and opportunities for achieving decent work in global supply chains How do transnational corporations and their global supply chains operate How can they be more effectively governed Mark Anner Esther Busser Michael Fichter Tandiwe Gross Frank Hoffer Jenny Holdcroft Praveen Jha Maité Llanos Adam Lee Victor …
Decent Work in Global Supply Chains
Tom Palley provides a very clear and insightful description of the post-Keynesian school of economics by tracing back its connections to the different historical schools of thought.
Post-Keynesian Economics through the Lens of History of Thought - Introductory lectures on heterodox economics
This book provides a far-reaching overview of the development of radical ecology and heterodox economics on the issues of sustainability.
Conceptualising an Alternative Political Economy of Sustainability
Au début des années 2020, le consensus de la Silicon Valley se délite. Inégalités folles, stagnation de la productivité, instabilité endémique... la nouvelle économie n’est pas advenue. Les algorithmes sont omniprésents, mais ce n’est pas pour autant que le capitalisme s’est civilisé. Au contraire. La thèse de ce livre est qu’avec la digitalisation du monde se produit une grande régression. Retour des monopoles, dépendance des sujets aux plateformes, brouillage de la distinction entre l’économique et le politique
Techno-féodalisme
The course will teach students to analyze the goals, implementation, and outcomes of economic policy.
Advanced Economic Policy 2
What made the false assumption that saving the economy at all cost during a pandemic so popular? This paper discusses different pathways through the COVID-19 pandemic at national and international level, and their consequences on the health of citizens and their economies.
How not to save the economy? The interplay of economics and health during the COVID-19 pandemic
"Learn why cities are key in resolving global urbanization and sustainability challenges and how you can engineer tomorrow’s cities today."
Sustainable Urban Development
Sebastian Dullien plädiert für eine grundlegende Neuausrichtung der Wirtschaftspolitik angesichts der aktuellen Zeitenwende, die von Klimakrise, sozialer Ungleichheit und geopolitischen Umbrüchen geprägt ist.
Wirtschaftspolitik für die Zeitenwende
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