Foreign exploitation of economic crises in the developing world has been a central claim of neoliberal critics. This important and recurring international theme is the subject of closer scrutiny in this new collection, where contributors offer competing interpretations of the interaction between international and domestic forces after crises. 2008 Level: avancé Power and Politics after Financial Crises Robertson, Justin Palgrave Macmillan This course attempts to explain the role and the importance of the financial system in the global economy. Rather than separating off the financial world from the rest of the economy, financial equilibrium is studied as an extension of economic equilibrium. The course also gives a picture of the kind of thinking and analysis done by hedge funds. 2009 Level: débutant Financial Theory John Geanakoplos Yale University Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam explain how early post-independence Egypt sought economic independence via industrialization. 2020 Level: avancé Achievements of Egypt’s Industrialization Project Kareem Megahed, Omar Ghannam, Heba Khalil Post-Colonialisms Today: postcolonialisms.regionsrefocus.org In this interview Ilya Matveev discusses the social, political, economic, and ideological foundations of the Russian regime, to provide additional context about Russia’s geopolitical goals. 2022 Level: débutant The Putin Regime Is Straining Under Its Own Contradictions Interview with Ilya Matveev by Rafael Khachaturian Jacobin Magazine Mainstream economics was founded on many strong assumptions. Institutions and politics were treated as irrelevant, government as exogenous, social norms as epiphenomena. As an initial gambit this was fine. But as the horizons of economic inquiry have broadened, these assumptions have becomehindrances rather than aids. 2003 Level: avancé Prelude to Political Economy Kaushik Basu Oxford University Press This book is a welcome consolidation and extension of the recent expanding debates on happiness and economics. Happiness and economics, as a new field for research, is now of pivotal interest particularly to welfare economists and psychologists. This Handbook provides an unprecedented forum for discussion of the economic issues relating to happiness. 2007 Level: avancé Handbook on the Economics of Happiness Luigino Bruni, Pier Luigi Porta Edward Elgar Designed to give second-year undergraduates an intuitive understanding of basic mathematical techniques, and when and why they are applicable. Building on the traditional framework of calculus, the notion of a concave function is used to link the new algebraic methods with the more familiar graphical approachoand to introduce the modern use of duality in economic analysis. 1984 Level: avancé Mathematics for Modern Economics Chris Birchenhall, Paul Grout P. Allan In this searing and insightful critique, Adrienne Buller examines the fatal biases that have shaped the response of our governing institutions to climate and environmental breakdown, and asks: are the 'solutions' being proposed really solutions? Tracing the intricate connections between financial power, economic injustice and ecological crisis, she exposes the myopic economism and market-centric thinking presently undermining a future where all life can flourish. 2022 Level: débutant The Value of a Whale Adrienne Buller Manchester University Press Traditionally, economists have attributed consistency and rational calculation to the action of ‘economic man’. In a powerful challenge to orthodox thinking, Geoffrey Hodgson maintains that social institutions play a central and essential role in molding preferences and guiding action: institutions are regarded as enabling action rather than merely providing constraints. 1991 Level: avancé Economics and Institutions Geoffrey M. Hodgson Wiley Why are income inequalities so large and why do they continue to increase in so many countries? What role can minimum wages play in reducing social and economic inequalities? What is a good system of wage bargaining? What constitutes a fair wage? Level: débutant Fair Wage Strategies in a Global Economy Hansjörg Herr, Maité Llanos, Gilad Isaacs, Susan Hayter, Patrick Belser, Mary Bellman, Luis Campos, Frank Hoffer Global Labour University 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. 2022 Level: débutant Capitalism - Economy Studies   Economy Studies This is a revolutionary and powerfully argued feminist analysis of modern economics, revealing how woman's housework, caring of the young, sick and the old is automatically excluded from value in economic theory. An example of this pervasive and powerful process is the United Nations System of National Accounts which is used for wars and determining the balance of payments and loan requirements. 1990 Level: avancé If Women Counted Marilyn Waring HarperSanFrancisco Capitalism cannot fulfil the promises of the French revolution: Liberty, Equality, Fraternity. Why? Richard Wollf elaborates on Marx's analysis of the distribution and organisation of surplus in society and his conclusion that there is something inherently wrong in capitalist class structure that still causes economic crisis in our modern times. Change requires changing the organisation of the production. This goes far beyond a discussion of 'more-state' vs. 'less-state'. 2011 Level: débutant Intro To Marxian Economics Richard D Wolff Youtube In this interview, Daron Acemoğlu provides a definition of institutions as rules that govern how individuals interact and speaks about social, political and economic institutions. He furthermore presents his view on bad or good institutions and the importance of the latter. The video is part of a larger interview, where he elaborates his perspective on differing prosperities of states and the relation between growth and democracy. 2009 Level: débutant Institutional Economics - Rethinking the Wealth of Nations Daron Acemoğlu Fondazione Eni Enrico Mattei This short video by the Khan Academy presents a classic introduction to economic teaching. Starting with the quote by Adam Smith in "The Wealth of Nations" on the invisible hand, it shows how economics deals with the question of the allocation of scarce resources and shortly presents different questions addressed by microeconomics and macroeconomics. It further makes reference to questions of simplification in mathematical models. 2012 Level: débutant Introduction to economics | Supply, demand, and market equilibrium | Microeconomics   Khan Academy David Harvey illustrates the five most common narratives on why the financial and economic crisis took place – from human frailty to policy failure. 2010 Level: débutant RSA ANIMATE: Crises of Capitalism David Harvey; Abi Stephenson RSA ANIMATE How do we get our dinner? And who cooked Adam Smith's dinner? Starting with Smith's answer on the origin of a dinner, Katrine Marçal problematizes and illustrates how unpaid labour was and is still being ignored by economic theory and how the homo economics represents characteristics perceived as male. 2015 Level: débutant How Economics Forgot about Women Katrine Marçal TEDx Talks Based on a critique on econometric and DSGE models (in particular in the context of the financial crisis), Doyne Farmer presents his current research programme that aims at building an agent-based model of the financial and economic crisis. It models heterogeneous agents and from there simulates the economy, firstly for the housing market. The interview gives a short insight in the research programme. 2011 Level: débutant Macroeconomics From the Bottom Up Doyne Farmer INET Does Karl Polanyi's work “The Great Transformation” serve to analyse the current multiple crisis and social movements? Nancy Fraser revises Polanyi's concept of a double movement to capture social forces in the aftermath of the economic crisis of the 1930s – on the one side marketization and on the other hand social protection. Fraser proposes to talk about a triple movement and to account for emancipatory struggles. In the lecture, she discusses interactions as well as conflicts between those three forces, in particular conflicting aims of social protection. The lecture presents the content of her paper “A TRIPLE MOVEMENT? Parsing the Politics of Crisis after Polanyi“ in the New Left Review (2013). 2011 Level: avancé Crisis of Capitalism, Crisis of Governance: Re-reading Karl Polanyi in the 21st Century Nancy Fraser The University of Warwick Economist and politician Costas Lapavitsas: presents differing theoretical definitions of financialization, namely from Marxist and Post-Keynesian thinkers and compares their approaches. By presenting pattern and features of the economic and financial crisis, he interprets the latter as a crisis of financialization. Lapavitsas emphasizes his arguments by presenting data from the U.S. and Germany on the transformation of business, banks and households. 2015 Level: débutant The Financialisation of Capitalism Costas Lapavitsas Netzwerk Plurale Ökonomik This multimedia dossier is part of the series „Understanding Finance“ by Finance Watch and explores the following questions: What is bank capital and how is it regulated? It further presents controversies on the size of bank capital in the aftermath of the financial crisis and on how bank capital affects economic activity. 2016 Level: débutant Bank capital – what is it and how is it regulated?   Finance Watch Founded in 1968, The Union for Radical Political Economics (URPE) is an interdisciplinary membership organization of academics and of activists. Its mission is to promote the study, development and application of radical political economic analysis to social problems. Concretely, this involves a continuing critique of both the capitalist system, and of all forms of exploitation and oppression. URPE’s mission also includes, coming out of this critique, helping to construct a progressive social policy, and a human-centered radical alternative to capitalism. Level: débutant Union for Radical Political Economics   Union for Radical Political Economics First historical instances of colonialism such as the crusades are revisited. Then a lengthy account of the colonial experience of the Spanish Kingdom in South America and of the British Empire in India is given. The Indian case is illustrated with large amounts of archival materials from a colonial administrator. There the workings of the colonial bureaucracy and law and its (positive) achievements as well as the ignorance and arrogance of the external rulers are demonstrated. After narrating the Indian independence to some depth some recent colonial wars (Algeria, Vietnam, Congo, Angola) are briefly examined. In the end, the impact of colonialism on current, i.e. 1970s, (economic) international relations is discussed. The general tenor is that colonialism is a dysfunctional system. Still, agency is mostly placed with the empire rather than with the ruled. 1977 Level: débutant The Age of Uncertainty Episode 4 The Colonial Idea John Kenneth Galbraith BBC, CBC, KCET and OECA Özlem Onaran analyses the current problems of secular stagnation from a global perspective. At the core of global economic problems is insufficient demand caused by falling wage shares, because most individual countries, and the world as a whole are “wage-led”. Hence a strategy for global growth is to aim at increasing wages and thus the wage share, and the abandonment of policies focusing purely on national competitiveness. Financialization has broken the link between corporate profitability and investment. Reregulation of finance and higher public investment is required in order to crowd in private investment, in this way, reversing the declining trend of potential output growth. 2015 Level: avancé Current Problems of Secular Stagnation from a Global Perspective Özlem Onaran IMK Irene van Staveren, professor of pluralist development economics, presents her pluralist teaching method for the introductory level. Based on her textbook “Economics After the Crisis: An Introduction to Economics from a Pluralist and Global Perspective” she suggests to focus on real-world problems and pari passu apply economic theories such as Social economics, Institutional economics, Post-Keynesian economics as well as Neoclassical economics without wasting time to single out the latter. Besides pointing out advantages of such a pluralist method Irene illustrates her approach based on interesting topics such as growth or feminist economics. 2016 Level: débutant Beyond stimulus versus Austerity: Pluralist capacity building in Macroeconomics Irene van Staveren IMK How did economic growth become paramount as the public policy objective? Peter Victor discusses the role of growth within institutions, asks if it is possible to imagine a degrowth economy and discusses the role of grass-root movements. 2012 Level: débutant Ecological Economics Peter Victor Extraenvironmentalist The Lecturer Prof. Francesco Lissoni presents basic concepts of the Economics of Innovation. Firstly, he distinguishes between invention, innovation and diffusion and relates innovation to economic growth. Subsequently, he elucidates learning and network effects. 2012 Level: avancé Economics of Innovation 1/2 Francesco Lissoni Alta Scuola Politecnica At the 2013 Climate, Mind, & Behavior Symposium, Rebecca Adamson of First Peoples Worldwide illustrates alternative economic systems modeled after indigenous worldviews and the power they have in pushing us towards a more sustainable existence. 2013 Level: débutant Rebecca Adamson: Enoughness - Restoring Balance to the Economy Rebecca Adamson YouTube Prof. Robert Wade (London School of Economics, UK) discusses industrial policy, the challenges of economic development for emerging countries like Brazil and... 2013 Level: débutant Prof. Robert Wade discusses industrial policy - Rethinking the State Robert Wade Rethinking the State 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/ 2019 Level: débutant MINE - Mapping the interplay between Nature and Economy Prof. Malte Faber et al. MINE This infographic gives a summary of the 2018 Trade Wars. This simple, compiled overview is suitable for those without a strong political or economic background. The infographic explains briefly basic concepts related to trade and provides a short timeline of events. It furthermore checks Trump administration's arguments to launch the the trade war against facts and estimates of how the 2018 trade war can affect the global and North-American economy. 2018 Level: débutant 2018 Trade Wars Infographic Trade Machines Trade Machines Since Daniel Kahneman won the Nobel Memorial Price in Economic Sciences in 2002, a new branch of economics gained academic and popular interest. That is, the so-called area of behavioural economics. However, some scholars claim that this new area of economics is not changing much of the mainstream paradigm. Why? 2019 Level: avancé Is Behavioural Economics the New Mainstream? Leonardo Conte Rethinking Economics Switzerland