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Jo Michell discusses some key implications of climate change regarding the standard policy prescriptions of Post-Keynesian economics, particularly relating to the possible necessity of consumption constraints and the presence of recurrent inflation.
Macroeconomic Policy Coordination: A New Approach for the End of Abundance
The dominant view of inflation holds that it is macroeconomic in origin and must always be tackled with macroeconomic tightening. In contrast, we argue that the US COVID-19 inflation is predominantly a sellers’ inflation that derives from microeconomic origins, namely the ability of firms with market power to hike prices.
Sellers’ Inflation, Profits and Conflict: Why can Large Firms Hike Prices in an Emergency?
The blog post by Marc Lavoie contrasts what he perceives as the two main interpretations of the current inflationary tendencies (the 'excessive demand inflation' story and the 'profit inflation' story) and contrasts them with a third interpretation. This interpretation acknowledes rising profits but argues in favor of a different mechanism that centers on changes in the relative composition of costs.
Some controversies in the causes of the post-pandemic inflation
In this episode of the podcast "Hear this idea", Dr. Carolina Alves delves into the political debate surrounding Heterodox Economics and elaborates on D-Econ's mission to promote greater inclusivity in the field of Economics concerning gender, race, and representation from the Global South.
Carolina Alves on Heterodox Economics, Diversity in Academia, and the Global South
Alvin Roth and Lloyd Shapely won the Nobel Memorial Prize in Economic Sciences for their work on market design back in 2012, but it is a field that is still underrepresented in economics education. All markets have rules, and how these rules are set influence how the market functions.
The economics of legalising cannabis
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 new online platform ‚DIY Macroeconomic Model Simulation‘ provides an open-source code repository and online script for macroeconomic model simulation. It follows a “do-it-yourself” (DIY) approach, empowering users to numerically simulate key macroeconomic models on their own using the programming language R.
DIY Macroeconomic Model Simulation Platform
This guide contains a collection of recommended YouTube channels and YouTube videos in the fields of economics, business and economic policy.
EconTube: The ultimate guide to pluralist economics channels on YouTube
In recent years issues surrounding tax evasion and avoidance have gotten more attention in public debates and policy making around the world. It poses key questions about how we want to (re)organise our economies, what the rules of the game are, and who benefits from them. Any good economist today should have a basic understanding of this issue as it has implications for public finance and inequality, but market competition and macroeconomic statistics.
An introduction into (not) taxing wealth and profits – Economy Studies
Teaching economics students about climate reparations enriches their educational experience by providing real-world relevance, promoting critical thinking, fostering interdisciplinary learning, and equipping them with valuable skills for both academic and practical applications. It also encourages ethical awareness, global perspective, and civic engagement, aligning with the broader goals of education in preparing students to address complex global challenges.
Policy Debate: Climate Reparations - Economy Studies
Political-economic systems define the ways in which the production and distribution of goods and services are organised that shape people’s lives. We live in capitalism, but what does that mean? This essential lecture by Economy Studies helps students develop an understanding of it on the basis of the book Capitalism by Geoffrey Ingham.
Capitalism - Economy Studies
The Centre for Economy Studies works on improving and modernising economics education to ensure that students will be better prepared for their future careers and the societal challenges we face today and in the coming decades. The Essential Lectures are teaching packs designed for 90-minute sessions that can be added to existing courses.
Economy Studies Essential Lectures
This article is the first of a series that offers a new paradigm for economics, the “multilevel paradigm,” using generalized Darwinism as its theoretical framework. Generalized Darwinism refers to all processes that combine the ingredients of variation, selection, and replication – not just genetic evolution – making it relevant to the cultural evolution of economic systems that are embedded in political, social, and environmental systems.
Rethinking the Theoretical Foundation of Economics I: The Multilevel Paradigm
In Scene on Radio Season 7, Capitalism, host and producer John Biewen and co-host Ellen McGirt outline the history of capitalism, from its emergence in Europe 500 years ago up to the present. And they explore alternatives, from reforms of capitalism as we know it to more radical transformations.
Scene on Radio - Capitalism
In the concluding part of his essay, Aaron Benanav transitions from theoretical principles to the institutional design of a post-capitalist society. He introduces the concept of a "Socialist Investment Council" as a decentralized, democratic alternative to the market’s blind allocation of resources.
Beyond Capitalism II
Identify the historical and cultural systems driving globalization and changing societies around the world.
Age of Globalization
Money is the fantasy that makes the world go round. Where did it come from and what is its future? From the Bank of England to Bitcoin and the Bristol Pound, LSE sociologist Nigel Dodd explores.
The future of money
Understanding the financial crisis from four very different economic theories: Social Economics, Institutional Economics, Post Keynesian economics.
Economics from a pluralist perspective
Beyond Neoclassical Economics is a remarkable new introduction to the main heterodox schools of economic thought which examines their main concepts and their critiques of mainstream theory.
Beyond Neoclassical Economics
"Thought provoking and fresh - this book challenges how we think about economics.”
Gillian Tett, Financial Times
For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/
Western capitalism is in crisis.
Rethinking Capitalism
New Tools of Economic Dynamics gives an introduction and overview of recently developed methods and tools, most of them developed outside economics, to deal with the qualitative analysis of economic dynamics. It reports the results of a three-year research project by a European and Latin American network on the intersection of economics with mathematical, statistical, and computational methods and techniques.
New Tools of Economic Dynamics
Economics has become a monolithic science, variously described as formalistic and autistic with neoclassical orthodoxy reigning supreme. So argue Dimitris Milonakis and Ben Fine in this new major work of critical recollection.
From Political Economy to Economics
This Encyclopedia is a very first fully refereed A-Z compendium of the main principles, concepts, problems, institutions, schools and policies associated with political economy. Part 1 of a 2-volume set comprises entries from A-K.
Encyclopedia of Political Economy: A-K
The Elgar Companion to Feminist Economics is the first comprehensive reference work introducing readers to the field of feminist economics. It includes 99 entries by 88 authors.
The Elgar Companion to Feminist Economics
Research on consumption from an environmental perspective has exploded since the late 1990s. This important new volume cuts across disciplines to present the latest research in the field. The book is divided into three parts, the first of which addresses the problems of consumption both as a concept and as an economic and social force with high environmental impact.
The Ecological Economics of Consumption
A Heterodox Approach to Economic Analysis This important new book introduces students to the fundamental ideas of heterodox economics presented in a clear and accessible way by top heterodox scholars It offers not only a critique of the dominant approach to economics but also a positive and constructive alternative Students …
An Introduction to Macroeconomics
An honest discussion of free trade and how nations can sensibly chart a path forward in today’s global economy.
Straight Talk on Trade
This book is a collection of articles on topics and individuals within the history of heterodox economic thought, approached from a heterodox perspective. The principal topics are the nature and scope of economics as an intellectual venture.
Essays in the History of Heterodox Political Economy
Christopher Hayes examines the causes and consequences of the uprisings, from the city’s history of racial segregation in education, housing, and employment to the ways in which the police both neglected and exploited Black neighborhoods.
The Harlem Uprising
écologie et accumulation du capital La 4ème de couverture indique Livre manifeste du courant de l écologie monde Le Capitalisme dans la toile de la vie se propose de dépasser les insuffisances réciproques des pensées écologistes et marxistes pour ouvrir la voie à une nouvelle synthèse critique et dialectique qui …
Le capitalisme dans la toile de la vie
L’économie institutionnelle se focalise sur le rôle des institutions sociales en termes légaux ou contractuels, mais aussi en termes de normes sociales et de schèmes du comportement humain, et analyse les liens de ces institutions avec l’organisation sociale de la production, de la distribution et de la consommation dans l’économie.
Économie institutionnelle
In "The Money Problem, "Morgan Ricks argues for a reform of the American monetary system. Taking up foundational questions of monetary policy, he asks: how would we construct a monetary system if we were starting from scratch? What are the characteristics of a monetary instrument?
The Money Problem
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