The general idea of a Job Guarantee (JG) is that the government offers employment to everybody ready, willing and able to work for a living wage in the last instance as an Employer of Last Resort. The concept tackles societal needs that are not satisfied by market forces and the systemic characteristic of unemployment in capitalist societies. Being a central part of the Modern Monetary Theory (MMT), attention for the JG concept rose in recent years.

For a long time, price controls were considered taboo, as neoliberal economic theory assumes that prices are supposedly formed freely by supply and demand. But especially in times of crisis, the state must intervene and cap prices to protect wage earners from excessive burdens. However, the how matters.

The article addresses the current debate on democratic economic planning and the question of how and by which instruments a post-capitalist planning system, embedded in a broader agenda of macroeconomic transformation, can be developed.

This introductory text explores the political economy of water by defining the subject and examining its key issues.

Prof. Yanis Varoufakis talks in this introductory lecture about the future of our economy and the current state of economics with special regard to pluralism in economics.

This talk is an exploration of a feminist centred world, where women's labour, women's energy, women's contributions to the economy are not a side event but the main event.

L'auteur interroge la compatibilité entre le système capitaliste avec les limites et frontières écologiques.

Economists like to base their theories on individual decision making. Individuals, the idea goes, have their own interests and preferences, and if we don’t include these in our theory we can’t be sure how people will react to changes in their economic circumstances and policy. While there may be social influences, in an important sense the buck stops with individuals. Understanding how individuals process information to come to decisions about their health, wealth and happiness is crucial. You can count me as someone who thinks that on the whole, this is quite a sensible view.

The world is regularly shaken by crises some are bigger others are smaller in scope Local turmoil military conflicts commodity scarcity bank runs health threats the history of mankind can be written as a history of crises Three major global crises occurred in the last fifty years alone the oil …

Mainstream economic narratives notably the concept of comparative advantage trade theory which assumes the equal balance of power between parties are deployed to support the merits of Global Value Chains that the global integration via trade creates mutual gains for both developed and developing countries This narrative is advanced in …

This course will survey contemporary heterodox approaches to economic research, both from a microeconomic and a macroeconomic perspective. Topics will be treated from a general, critical, and mathematical standpoint.

After completing the module, participants should be able to understand the economic consequences of gender inequality. They should be able to explain the contradictions between capital and care, analyze the labor market with a gender perspective and develop the ability to describe phenomena such as public policies taking into account "gender" as a category of analysis.

The article summarizes the effects that the war in Ukraine, the resulting economic sanctions as well as associated financial turbulences have for cryptocurrencies and their role in the global financial system.

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.

This is a good introduction to Austrian Economics for laypeople. It slowly develops the school's core principles from the thinking of its founders, all the way to key thinkers to integrate both macro and microeconomics into one coherent whole.

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.

In this video, Clara Mattei investigates the function of austerity in relation the stabilization of capitalism as a form of social order build around private property, wage labor and class relations. In order to develop this argument, she situates austerity in the history of World War 1 and its revolutionary aftermath. Zooming in on the politicization of the economy and the associated threat to class society that emerged in the period, she highlights how austerity was a „tool of reaction“ that was successful in curtailing demands for economic democracy and a society free from class oppression.

A free online course at Masters-level will enable you to understand the past, present and future role of money in society.

The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a 'pluralistic' heterodox perspective.

Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics.

This book is about history of monetary economic thought. From the 18th century with Hume and Smith to the early 20th, the author explains the different schools of thought regarding the monetary theories and policies and specially the central banking theory.

Taking as its starting point the interdependence of the economy and the natural environment, this book provides a comprehensive introduction to the emerging field of ecological economics.

The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies.

"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.

Challenging the Mainstream in the Twentieth Century Economics is a contested academic discipline between neoclassical economics and a collection of alternative approaches such as Marxism radical economics Institutional economics Post Keynesian economics and others that can collectively be called heterodox economics Because of the dominance of neoclassical economics the existence …

Since the beginning of the twenty-first century, there has been an unprecedented move towards 'rethinking economics' due to the damages generated by the global financial crisis that burst in 2007-2008. Almost a decade after this crisis, policy is still unable to provide all citizens greater wellbeing or at least an encouraging economic future.

This book represents a new foundation for the study of microeconomics, viewed from a broad perspective that takes into account new developments at the intersections with psychology, political science, the natural sciences and philosophy.

Economics is a broad and diverse discipline, but most economics textbooks only cover one way of thinking about the economy. This book provides an accessible introduction to nine different approaches to economics: from feminist to ecological and Marxist to behavioural.

The idea of a Green New Deal was launched into popular consciousness by US Congressperson Alexandria Ocasio-Cortez in 2018. Evocative of the far-reaching ambitions of its namesake, it has become a watchword in the current era of global climate crisis. But its new ubiquity brings ambiguity: what - and for whom - is the Green New Deal?

Pluriverse: A Post-Development Dictionary contains over one hundred essays on transformative initiatives and alternatives to the currently dominant processes of globalized development, including its structural roots in modernity, capitalism, state domination, and masculinist values.

Introduces four of the most influential economists you'll never read in a modern economics class - Marx, Veblen, Keynes, and Galbraith.

Le PIB fait l’objet de critiques régulières. En avril dernier, le Parlement a voté, sur la proposition de la députée Eva Sas (EELV), une loi prévoyant que des indicateurs alternatifs au PIB guident les politiques publiques. Mais le choix de ces indicateurs alternatifs soulève un certain nombre de questions. Par Géraldine Thiry (Université de Louvain, Forum pour d’autres indicateurs de richesse) et Adeline Guéret (étudiante à l’ENSAE, stagiaire à l’Institut Veblen). Le gouvernement français publie cette année, parallèlement au dépôt du projet de loi de finances, un rapport présentant " l’évolution, sur les années passées, de nouveaux indicateurs de richesse, tels que les indicateurs d’inégalités, de qualité de vie et de développement durable." Cette publication fait suite à l’adoption définitive au Parlement, en avril 2015, de la proposition de loi visant à prendre en compte de nouveaux indicateurs de richesse dans la définition de politiques publiques. L’article unique de cette loi prévoit "une évaluation qualitative ou quantitative de l’impact des principales réformes engagées l’année précédente et envisagées pour l’année suivante, notamment dans le cadre des lois de finances, au regard de ces indicateurs et de l’évolution du produit intérieur brut." Cette loi marque constitue donc une première étape dans la remise en cause de la centralité du PIB (produit intérieur brut), comme indicateur central du progrès de notre société. Comme l’explique la vice-présidente de la Commission des Finances de l’Assemblée nationale, la députée de l’Essonne, Eva SAS, à l’origine de cette loi, il est nécessaire de " renouveler la pensée économique " parce que nous sommes entrés " dans une période post-croissance qui nous impose de commencer à réfléchir autrement " (…) " Il faut remettre du long-terme dans les politiques publiques et prendre en compte ce qu’on lègue aux générations futures « . En consacrant son rapport annuel 2015 à la question des nouveaux indicateurs, l’Idies s’inscrit pleinement dans le cadre des missions qu’elle s’est donné depuis son origine : agir pour que soient réunies les conditions nécessaires pour que tous les citoyens puissent accéder à une information économique et sociale de qualité. Le choix des indicateurs rendant compte de l’état de notre économie et de notre société a une dimension technique. Mais il est surtout profondément politique. Il ne peut donc être laissé aux seuls experts et doit au contraire être placée au coeur de la délibération démocratique. C’est toute l’ambition de ce rapport que d’y contribuer.

In this podcast, Nalia Kabeer talks about her work, criticising the way in which Randomized Control Trials (RCTs) is adopted as a sole form of impact assessment. At the beginning of the talk, she briefly describes The Ultra Poor Project (the context of her study), RCTs and its critiques (such as lack of acknowledgement of human agency, heterogeneity, and social context); also, the problem that most RCTs practitioners do not allow for qualitative research conducted in an integrated way as it might cause their studies “being contaminated.”