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Sabel and Zeitlin present the persistence of small firms in Europe against the rise of mass production and modern enterprises Their article starts by analysing how mass production can be considered a historical necessity for the classical view as it is a highly specialized structure where man and machine can …
To celebrate the forthcoming book A brief history of Economic Thought From the Mercantilists to the Post Keynesians edited by Louis Philippe Rochon and Hassan Bougrine Edward Elgar Louis Philippe Rochon sat down with celebrated author and scholar Sergio Rossi to discuss his contribution Milton Friedman and the Monetarist School …
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 …
Understanding the financial crisis from four very different economic theories: Social Economics, Institutional Economics, Post Keynesian economics.
In Trouble in Paradise, Slavoj Žižek, one of our most famous, most combative philosophers, explains how by drawing on the ideas of communism, we can find a way out of the crisis of capitalism.
Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions.
What is James Tobin's main contribution? What is Arrow's impossibility theorem? Which economists have made the most significant contribution to rational expectations? These and countless other questions are resolved in this eloquently written unique book by Mark Blaug, one of the most prominent historians of economic thought.
This book presents recent thought on market efficiency, using a complex systems approach to move past equilibrium models and quantify the actual efficiency of markets.
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'.
In this clear and accessible book, an eminent political scientist offers a jargon-free introduction to the market system for all readers, with or without a background in economics
This invaluable volume brings together seminal articles with a significant behavioural content on various areas in macroeconomics.
The economics of worker cooperatives is a branch of economic inquiry with a long and esteemed pedigree, dating at least from the work of John Stuart Mill in the mid-nineteenth century.
Macroeconomics is fundamental to our understanding of how the world functions today. But too often our understanding is based on orthodox, dogmatic analysis.
In this lecture, Sanjay Reddy reviews the work of János Kornai, especially his critique of the socialist system, which is rooted in his understanding of the eminently political character of socialism.
Mohsen Javdani and Ha-Joon Changonline examine the effect of ideological bias among economists through a randomised controlled experiment involving 2,425 economists in 19 countries. The analysis provides clear evidence for the existence of ideological bias as well as of authority bias among economists.
This multimedia dossier is part of the series „Understanding Finance“ by Finance Watch and presents a description and critical review of financial markets and their functions. It furthermore discusses recent developments, as high frequency trading.
In this lecture, Branko Milanovic gives an overview of the concept of inequality as conceptualized within the classical school of thought.
Antoine Godin gives a bright, illustrated, introduction to agent-based, stock-flow-consistent modeling, with a clear focus on the agent-based aspect.
The deceleration of world trade since 2011 has been widely discussed How much is due to a reversal of international production fragmentation And how much is due to decreasing demand for trade intensive goods The authors present a consistent framework that quantifies their relative importance A central concept in the …
Popularized by movies such as A Beautiful Mind game theory is the mathematical modeling of strategic interaction among rational and irrational agents Over four weeks of lectures this advanced course considers how to design interactions between agents in order to achieve good social outcomes Three main topics are covered social …
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