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Paul Collier describes the four important topics that he thinks would help the "bottom billion" in the long-run: aid, trade, security and governments. In this short video, Collier explains why he considers government support important.
The "bottom billion"
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.
Gender and Microeconomics
This book provides important insights into agrarian history and the economic and cultural meanings associated with land.
The Cultural Economy of Land
Ever wondered how a rap battle between John Maynard Keynes and F.A. Hayek would sound like?
Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!
This text provides an easy to understand introduction to complexity economics for non-specialist audiences such as bachelor's students.
Think Complexity Economics is too Complicated? Then this is for you.
Complexity economics focuses on interactions and interdependencies between individuals and structures in economic systems. Those are systems of organised complexity. High importance is given to the analysis of networks.
Complexity 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.
The Quirks of Human Decisions, Explained
In this keynote lecture during the conference „The Spectre of Stagnation? Europe in the World Economy“, Till van Treek presents research on how changes in income distribution lead to macroeconomic instability and crisis, focusing on currents accounts. Treek presents the relative income hypothesis in contrast to other mainstream and Post-Keynesian explanations. The relative income hypothesis proposes that aggregate demand increases and savings decrease with rising personal income inequality due to upward looking status comparison – but effects depend on the quantile where income inequality increases. Treek points to the importance of accounting for both income and functional income distribution and underlines his arguments with data comparing different pattern in Germany and the U.S.
Macroeconomics of inequality & instability - Inequality, imbalances and the crisis
Dans cette contribution, nous examinons la relation sociale à l’énergie au sein du régime d’accumulation fordiste et du capitalisme financiarisé et mondialisé qui s’est mis en place depuis les années 1970. L’objectif est d’identifier des ruptures dans les modalités d’usage de l’énergie qui accompagnent les transformations observées dans d’autres domaines. Pour cela, nous procédons à une analyse empirique et comparatiste de l’utilisation de l’énergie dans les principales économies à haut revenu (Allemagne, États-Unis, France, Japon et Royaume-Uni) entre 1950 et 2010. Le fordisme se caractérise par une utilisation extensive de l’énergie et une utilisation intensive du travail. Les forts gains de productivité de ce dernier sont alimentés notamment par une augmentation rapide de la quantité d’énergie incorporée au processus de production. À partir de 1970, le ralentissement de la croissance de la quantité d’énergie coïncide avec le ralentissement de la productivité du travail et contribue à l’érosion du compromis social fordiste. L’émergence du néolibéralisme se traduit par une restauration de la part du capital dans le partage de la valeur ajoutée et s’accompagne, d’une part, d’une utilisation de plus en plus intensive de l’énergie, la productivité de celle-ci se mettant à augmenter fortement dans les principaux pays à haut revenu ; d’autre part, par la délocalisation de l’utilisation de l’énergie.
La transformation de la relation sociale à l’énergie du fordisme au capitalisme néolibéral
The objective of the course is to explore the main strengths and weaknesses of orthodox and heterodox paradigms within development economics.
Issues in Development Economics
The module is designed to first present some of the main schools of thought from a historical and methodological perspective. Each week we explore and critically assess the main tenants of each school of thought. In the second part of the module we link history of economic thought and methodology to a specific and contemporary economic question. The second part allows you to engage with current economic issues with an awareness of methodology and methodological differences and with some knowledge of the history of economics.
History of Economic Thought
L’économie politique marxiste se focalise sur l‘exploitation du travail par le capital. Elle ne voit pas l'économie comme un ensemble de transactions neutres à des fins d’échange et de coopération, mais au contraire comme un développement historique conflictuel résultant de luttes sociales, d’une certaine idéologie et d’une distribution asymétrique du pouvoir.
Économie politique marxiste
Health Economics traditionally involves two distinct strands. One focuses on the application of core neoclassical economic theories of the firm, the consumer and the market to health-seeking behaviour and other health issues. It suggests a role for government intervention only in the case of specific market failures (for example externalities, asymmetric information, moral hazard, and public goods) that distort market outcomes. The second strand is evaluation techniques, used to assess the cost effectiveness of competing health interventions.
Health Economics
In this episode of Jacobin radio, James K. Galbraith elaborates on the economic policies for the corona crisis, and Aaron Benanav on the crisis of unemployment. James K Galbraith also discusses why the economy as currently organized has been unable to deal with the challenges of the pandemic.
Jacobin Radio: economic policies for the corona crisis
A detailed introduction into dependency theory that rethinks its relevance to modern development challenges.
Dependency Theory and Uneven Development
In this lecture, Konstantinos Katsikopoulos presents the concept of bounded rationality and contrasts two - as he calls it - cultures of research and analysis within Behavioral Economics: an "idealistic" and a "pragmatic" approach. Thereby, Katsikopoulos discusses amongst others their different assumptions on decision making (utility optimization vs. achievement of a satisfactory outcome), the psychological process as well as the epistemic aim and implications on policy recommendations (nudging vs. education).
Bounded Rationality: The Two Cultures
Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees.
Trade Wars Are Class Wars
Ingrid Harvold Kvangraven digs into the Eurocentric nature of economics and the role dependency theory could play in decolonizing it.
Dependency Theory & the Decolonization of Economics
Introduction Economics is by necessity a multi paradigmatic science Several theoretical structures exist side by side and each theory can never be more than a partial theory Rothschild 1999 Likening scientific work to the self coordinating invisible hand of the market Michael Polanyi cautioned strongly against centralized attempts to steer …
Making Many Maps: Why We Need an Interested Pluralism in Economics and How to Get There
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.
Economics of discrimination
L’école autrichienne se focalise sur la coordination économique des individus dans une économie de marché. Elle met l’accent, entre autres choses, sur l’individualisme, le subjectivisme, la politique de laissez-faire, l’incertitude et le rôle de l’entrepreneur.
Économie autrichienne
What is money and how is it used? After answering these questions, Dirk Bezemer analyses how finance can be dysfunctional for the real economy.
When is Finance Bloated and Dysfunctional?
This course will fundamentally ask whether we can, or even should use the word ‘decolonising’ in our pursuit of a better economics?
Decolonising Economics?
How countries achieve long-term GDP growth is up there with the most important topics in economics. As Nobel Laureate Robert Lucas put it “the consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else.” Ricardo Hausmann et al take a refreshing approach to this question in their Atlas of Economic Complexity. They argue a country’s growth depends on the complexity of its economy: it must have a diverse economy which produces a wide variety of products, including ones that cannot be produced much elsewhere. The Atlas goes into detail on exactly what complexity means, how it fits the data, and what this implies for development. Below I will offer a summary of their arguments, including some cool data visualisations.
GDP Growth: It’s Complicated
More-is-better ideals such as these have long shaped our vision of rationality. Yet humans and other animals typically rely on simple heuristics to solve adaptive problems, focusing on one or a few important cues and ignoring the rest, and shortcutting computation rather than striving for as much as possible.
Ecological Rationality
In this article, the Harvard Business Review recognizes the arguments of the Degrowth vision and gives examples of businesses that have thrived following its precepts. The authors suggest three strategies that firms should put into action to be at the forefront of this movement. The article also gives a brief overview of what the degrowth is about and its main criticisms.
Why "De-Growth" Shouldn't Scare Businesses
This lecture offers a general and introductory overview of the theory of racial capitalism, focusing on the origins of racial capitalism and some of the debates it has generated.
Introduction to Racial Capitalism
Die Welt verändern, ohne die Macht zu übernehmen – dieser Buchtitel aus dem Jahr 2002 steht emblematisch für ein Verhältnis zur Macht, das in Teilen der Linken lange Zeit vorherrschend war. Der Autor des Buches, John Holloway, war selbst Teil der Weltsozialforen-Bewegung und stellte sich entschieden gegen herkömmliche Vorstellungen linker Gegenmacht, etwa im Sinne des Aufbaus einer linken Massenpartei. Aus derselben Zeit stammt auch das Konzept der «Multitude» aus der Feder von Michael Hardt und Antonio Negri. Es richtete sich gegen den identitären Begriff eines «Volkes», und ebenso gegen eine politische Bezugnahme auf die «Arbeiter*innenklasse». Diesen politischen Subjekten wurde eine Vielfalt widerständiger, global verteilter Praktiken und Gruppierungen entgegengestellt, die sich jedoch nicht vereinheitlichen ließen. Das Verhältnis dieser Multitude zur Erringung von Macht wurde offengelassen.
Die Macht übernehmen und die Welt verändern?
Ce livre part du constat que faire du nouveau de la facon ancienne ne fonctionne plus Il est donc urgent de repenser le modèle des entreprises en prenant compte la valeur immatérielle des entreprises Michel de Kemmeter auteur nous propose une grille de lecture pour évaluer la valeur immatérielle des …
Le nouveau jeu économique
The author identifies three principal economic phenomena, which are explained: long run productivity growth as the central driver of increasing economic activity, short-term and long-term debt cycles. The latter two are explained to some detailed with reference to money creation, central banking and long term crisis tendencies. With regards to the long run debt cycle, which leads into deleveraging and recession, some policy measures which can smoothen the crisis are discussed.
How The Economic Machine Works
This is the first intermediate microeconomics textbook to offer both a theoretical and real-world grounding in the subject. Relying on simple algebraic equations, and developed over years of classroom testing, it covers factually oriented models in addition to the neoclassical paradigm, and goes beyond theoretical analysis to consider practical realities.
Intermediate Microeconomics
The MINE website explores the interplay between nature and economy. Focusing on such fundamental concepts as time, thermodynamics, evolution, homo politicus and justice, a new outline of economic activity emerges within nature. The dominant approach of Mainstream Economics, which considers nature as a subsystem of the economy, is thus replaced by a broader and more integrated framework. The visual map and its links between concepts provides an orientation. The visitor can approach the content from their own starting point and follow their own path to discovery. Each concept starts with the historical background and moves on through theory and practice.
The research behind MINE began in the 1970s at the University of Heidelberg, Germany, in an interdisciplinary group spearheaded by Professor Malte Faber, including scientists from economics to mathematics, physics and philosophy. The research has contributed to the field of Ecological Economics.
MINE is directed at students, scientists and decion-makers. More on http://nature-economy.de/faq/
MINE - Mapping the interplay between Nature and Economy
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