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Politicians tell us the UK is “borrowing too much” and faces a “debt crisis.” That’s wrong. The government creates the pounds it spends, and what’s called “borrowing” is really just it accepting deposits — or savings — from the public and financial markets.
Why the UK government can't borrow - and we should not pretend it does
The human imprint on the biosphere has become so pronounced in recent years that there has been talk of a new geological era, the 'Anthropocene'.
Towards an Integrated Paradigm in Heterodox Economics
This blog post reviews "Democratizing Finance", an edited volume that analyses and provides policy proposals to ensure that the financial system serves the public good. Mquzama undertakes the task of summarising the main takeaways from each essay in the book as well as an exposition of its shortfalls. While he acknowledges the necessity of the book's reimaging capitalism and the financial system in a way that is practical within the current economic and political structures, he also highlights its failure to look beyond the United States of America.
Book Review: Democratizing Finance
Mainstream textbooks present economics as an objective science free from value judgements; that settles disputes by testing hypotheses; that applies a pre-determined body of principles; and contains policy prescriptions supported by a consensus of professional opinion.
The economics anti-textbook
Since the Middle Ages, literature has portrayed the economic world in poetry, drama, stories and novels. The complexity of human realities highlights crucial aspects of the economy. The nexus linking characters to their economic environment is central in a new genre, the "economic novel", that puts forth economic choices and events to narrate social behavior, individual desires, and even non-economic decisions.
Economics and Literature
In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of uncertainty and shows that uncertainty was originally conceptualized both as an epistemic and an ontological problem.
Uncertainty in Economics
This volume is concerned with the different schools within the discipline of economics (theoretical pluralism) and the relationship of economics to other disciplines, such as sociology, political science and philosophy (interdisciplinarity).
Teaching Pluralism in Economics
Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the dramatic story of this boom and bust, chronicling the forgotten experiences of leading financiers of the age.
Bankers and Bolsheviks
Foundations of Economics breathes life into the discipline by linking key economic concepts with wider debates and issues. By bringing to light delightful mind-teasers, philosophical questions and intriguing politics in mainstream economics, it promises to enliven an otherwise dry course whilst inspiring students to do well.
Foundations of Economics
Le début de notre XXIe siècle se caractérise par trois crises angoissantes pour qui les regarde bien en face: la crise des inégalités, les crises écologiques et la crise démocratique. Si nous entendons y remédier, il nous faut en prendre la mesure. La passion de la croissance nous en empêche.
Sortir de la croissance
This book discloses the economic foundations of European fiscal and monetary policies by introducing readers to an array of alternative approaches in economics. It presents various heterodox theories put forward by classical economists, Marx, Sraffa and Keynes, as a coherent challenge to neoclassical theory.
Heterodox Challenges in Economics
Free, Fair & Alive is a foundational re-thinking of the commons, the self-organized social systems that human beings have used for millennia to meet their needs.
Free, Fair, and Alive
This course will cover recent contributions in economic history that, using geospatial data from anthropological maps, colonial archives and secondary sources, will explore current economic and development challenges by drawing parallels between the past and present.
African History through the lens of Economics
The Anthropology of Development and Globalization is a collection of readings that provides an unprecedented overview of this field that ranges from the field?s classical origins to today?s debates about the ?magic? of the free market.
The Anthropology of Development and Globalization
In this ambitious and impressive new book, journalist Howard French seeks to excavate the long elided central importance of the African continent as the “linchpin of the machine of modernity.” In the story of modernity, he writes, the role of Africa is diminished, trivialized, and erased, and by filling in some gaps in this story, he retells the story of modernity.
Born in Blackness
Since their first emergence in the work of Paul David thirty years ago, the dual issues of Path Dependence and Lock-In have become critically important subjects in the fields of economics, sociology, and business strategy.
Path Dependence and Lock-In
This course offered by the International Monetary Fund (IMF) on edX provides an introduction in the major econometric tools used in standard Macroeconomics.
Macroeconometric Forecasting
This interactive and practice-oriented course updated in 2021 covers the basics of Sustainable Finance including sustainable finance instruments, methodologies and frameworks for integrating sustainability into financial decisions, key global sustainable finance initiatives, and sustainable finance regulations.
Introduction to Sustainable Finance
Economic theory must distinguish between publicly owned and privately owned property if it is to account for the effect of institutions on the behavior of individuals. Careful study of the theories of Marxists and the real-world experience in the Soviet economy offer important lessons and insight for economic modeling and the ongoing development of theory. In this course, Marxist/Leninist theory and Soviet reality will be studied with an open mind, and with the goal of taking lessons from the case study. To what extent was the Soviet economy an accurate expression of Marxist theory? If Marxism were tried somewhere else would the results be the same?
Economic History of the Soviet Union
The Routledge Handbook of Feminist Economics presents a comprehensive overview of the contributions of feminist economics to the discipline of economics and beyond. Each chapter situates the topic within the history of the field, reflects upon current debates, and looks forward to identify cutting-edge research. Consistent with feminist economics' goal of strong objectivity, this Handbook compiles contributions from different traditions in feminist economics (including but not limited to Marxian political economy, institutionalist economics, ecological economics and neoclassical economics) and from different disciplines (such as economics, philosophy and political science). The Handbook delineates the social provisioning methodology and highlights its insights for the development of feminist economics. The contributors are a diverse mix of established and rising scholars of feminist economics from around the globe who skilfully frame the current state and future direction of feminist economic scholarship. This carefully crafted volume will be an essential resource for researchers and instructors of feminist economics.
The Routledge Handbook of Feminist Economics
The book critically engages with various Marxian perspectives on the dynamics on development and social progress It specifically engages with some key words in Marxian theory including Marx s early work on capitalist development and his later works on underdeveloped Russia Lenin s thesis on imperialism as a hurdle for …
Rethinking Development
This brief but comprehensive account of the Post Keynesian approach to economic theory and policy is ideal for advanced undergraduate and postgraduate students in economics, public policy and other social sciences. Clear, non-technical and with a strong policy focus, it will also appeal to all of those who are dissatisfied with mainstream economics and wish to explore the alternatives.
Advanced Introduction to Post Keynesian Economics
In reviewing this book in The Economic Journal, S.G. Checkland said that it should be read as a vigorous attempt to relate economics to general thinking and as a challenge to those who are practitioners or elaborators of narrowly prescribed techniques.
Evolutionary Economics
Dans La théorie du Donut, Kate Raworth revisite les principaux outils et principes économiques en mettant le facteur humain et la préoccupation environnementale au cœur de sa réflexion.
La théorie du donut
In this book, Kalyan Sanyal reviews the traditional notion of capitalism and propounds an original theory of capitalist development in the post-colonial context. In order to substantiate his theory, concepts such as primitive accumulation, governmentality and post-colonial capitalist formation are discussed in detail.
Rethinking Capitalist Development
Within the heterodox field one of the most active topics is related to the theory of economic growth and distribution This is a textbook for advance undergraduate and graduate students Throughout its 18 chapters Classical Neoclassical and post Keynesian models are developed Each chapter contains study problems and suggested readings …
Growth and Distribution
Photo by Anne Nygård on Unsplash In this course you will learn all of the major principles of microeconomics normally taught in a quarter or semester course to college undergraduates or MBA students Perhaps more importantly you will also learn how to apply these principles to a wide variety of …
The Power of Microeconomics: Economic Principles in the Real World
Learn the basics of microeconomics including supply and demand of commodities and how equilibrium in the market affects price Joon Koo Lee edX Seoul National University
Introduction to Economics - Part 1: Microeconomics
How can we get people to save more money eat healthy foods engage in healthy behaviors and make better choices in general There has been a lot written about the fact that human beings do not process information and make decisions in an optimal fashion This course builds on much …
Behavioral Economics in Action
Has neoliberalism destroyed gender equality Advocate author and broadcaster Beatrix Campbell examines the emergence of a new model of patriarchy and proposes solutions Beatrix Campbell iai
End of Equality
David Harvey is a Distinguished Professor of Anthropology Geography at the Graduate Center of the City University of New York CUNY the Director of Research at the Center for Place Culture and Politics and the author of numerous books He has been teaching Karl Marx s Capital for nearly 50 …
Reading Marx’s Capital
What does decolonising economics mean? Eurocentrism continues to shape the discipline of economics, leading to inaccurate theories that frame Europe’s development as a universal model.
Decolonising economics: An illustration of the informal economy
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