In both economics textbooks and public perceptions central banks are a fact of life. On the wall of my A-level economics classroom there was the Will Rogers quote “there have been three great inventions since the beginning of time: fire, the wheel, and central banking”, summarising how many economists view the institution. There is a widespread belief that there is something different about money which calls for a central authority to manage its operation, a view shared even by staunch free marketeers such as Milton Friedman. This belief is not without justification, since money underpins every transaction in a way that apples do not, but we should always be careful not to take existing institutions for granted and central banking is no exception. In this post I will look at the idea of private or free banking, where banks compete (and cooperate) to issue their own currency. 2020 Level: leicht Whither Central Banks? Cahal Moran Rethinking Economics This innovative book offers targeted strategies for effectively and efficiently teaching economics at both undergraduate and postgraduate levels. It provides professors and other teachers of economics various techniques to engage and retain the interest of students, and challenges them to apply both knowledge and methodological tools to a range of economic problems. 2014 Level: mittel New Developments in Economic Education Franklin Graves Mixon, Richard J. Cebula Edward Elgar "A serious reconsideration of the 'economics of science' is long overdue," say Philip Mirowski and Esther-Mirjam Sent in the introduction to Science Bought and Sold. Indeed, it is only recently that one could speak of a field of economics of science at all. 2002 Level: mittel Science Bought and Sold Philip Mirowski, Esther-Mirjam Sent University of Chicago Press Diese Vorlesung beschäftigt sich mit grundlegenden Elementen sozialphilosophischen Denkens mit besonderem Fokus auf Schnittmenge zwischen Sozialphilosophie und politischer Ökonomie. Im Zentrum steht die Vermittlung von Kenntnissen über die zentralen Fragestellungen, die historische Genese, sowie wesentliche, prägende Beiträge der Sozialphilosophie und Politischen Ökonomie. 2019 Level: leicht Sozialphilosophie und Geschichte der Ökonomie Jakob Kapeller Universtät Duisburg-Essen The leading edges of economic thinking in the early 21st century are marked by a nascent pluralism - a positive valuing of difference and complexity - regarding the nature and evolution of human behaviour and economic organization. Economic Pluralism brings these pluralist sensibilities to the fore. 2009 Level: mittel Economic Pluralism Robert F. Garnett, Erik K. Olsen, Martha A. Starr Routledge This paper is a product of an online workshop held in Nigeria on the topic Unemployment: Policy Review and Recommendations. It explores the various unemployment policies introduced by the Nigerian Government and analysis how effective they are and suggests some practicable solutions to solving unemployment problems in the country. The workshop was organized by Rethinking Economics The Uploaders (RETU) as part of the project Solving the Major Economic Problem in Nigeria (SMEPN), an output of the Global Pluralist Economics Training (GPET). More details here: https://www.retheuploaders.org/programs/SMEPN 2021 Level: leicht Unemployment in Nigeria: Policy Review and Recommendations Abdulkhalid Anda Salihu Rethinking Economics The Uploaders (RETU) One of the most authoritative authors on the intellectual heritage of John Maynard Keynes, Robert Skidelsky draws a sketch of the great man's economic thinking both accessible and insightful. 2010 Level: leicht Keynes: A Very Short Introduction Robert Skidelsky Oxford University Press In this talk, Virgil Henry Storr, a Research Associate Professor of Economics in the Department of Economics at George Mason University, talks about his research into to post-disaster recovery and the role that social entrepreneurship plays in rebuilding the communities and social networks that get disrupted, or entirely eliminated. 2017 Level: leicht Community revival in the wake of disaster: Lessons in local entrepreneurship Virgil Storr YouTube The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians, Kaldorians, Institutionalists) and also in some strands of neo-Marxian economics, particularly in the monopoly capitalism and underconsumptionist school In this contribution, we will therefore outline the foundations of the principle of effective demand and its relationship with the respective notion of a capitalist or a monetary production economy in the works of Marx, Kalecki and Keynes. Then we will deal with heterodox short-run macroeconomics and it will provide a simple short-run model which is built on the principle of effective demand, as well as on distribution conflict between different social groups (or classes): rentiers, managers and workers. Finally, we will move to the long run and we will review the integration of the principle of effective demand into heterodox/post-Keynesian approaches towards distribution and growth. 2015 Level: mittel The principle of effective demand: Marx, Kalecki, Keynes and beyond Eckhard Hein Institute for International Political Economy Berlin In spite of the manifold critique about the state of economics in the aftermath of the financial crisis, an even increasing presence of economists and economic experts can be observed in the public sphere during the last years. On the one hand this reflects the still dominant position of economics in the social sciences as well as the sometimes ignorant attitude of economists towards findings of other social sciences. On the other hand this paper shows that the public debate on politico-economic issues among economists is dominated by a specific subgroup of economists, tightly connected to an institutional network of “German neoliberalism”. This group of “public economists” (i) is dominant in public debates even after the financial crisis, (ii) reproduces the formative German economic imaginary of the Social Market Economy in a German neoliberal interpretation and (iii) has a good access to German economic policymaking, rooted in a long history of economic policy advice. 2016 Level: mittel Still the queens of social sciences? (Post-)Crisis power balances of “public economists” in Germany Stephan Pühringer Institut für Ökonomie und Philosophie Cusanus Hochschule Want to learn more about behavioural economics and its application to public policy? Take this free course from the Behavioural Economics Team of the Australian Government. Level: leicht Behavioural insights for public policy Behavioural Economics Team of the Australian Government None Gender, Development, and Globalization is the leading primer on global feminist economics and development. Lourdes Benería, a pioneer in the field of feminist economics, is joined in this second edition by Gunseli Berik and Maria Floro to update the text to reflect the major theoretical, empirical, and methodological contributions and global developments in the last decade. 2015 Level: mittel Gender, Development, and Globalization Lourdes Benería, Günseli Berik, Maria Floro Routledge This book investigates the continuing resonances of Atlantic slavery in the cultures and politics of human reproduction that characterize contemporary biocapitalism. 2019 Level: leicht The Afterlife of Reproductive Slavery Alys Eve Weinbaum Duke University Press This archive contains open access copies of most of the written work, including the books of Karl William Kapp (1910-1976) was one of the forefathers of Ecological Economics. Level: mittel K. William Kapp archive Karl William Kapp Kapp Research Center This is an introductory course into economics that navigates the intellectual history of political economy in a self-contained and non-technical manner. The course centres on the classical concept of political economy by emphasizing the moral and ethical problems that markets solve or may not solve. 2016 Level: leicht Capitalism & Political Economy Dr. Michael Munger Duke University The book provides an excellent comparative perspective on New Keynesian "New Consensus" economics and Post-Keynesian Economics at a beginner level. It also offers an interactive tool to understand how the economic models work, especially from a heterodox / pluralist perspective. 2022 Level: leicht Introduction to Macroeconomics: Pluralist and Interactive Franz Prante, Alessandro Bramucci, Eckhard Hein, Achim Truger https://eng.mgwk.de "Leveraged" provides an authoritative guide to the new economics of our crisis-filled century with a focus on financial crises and financial economics. 2022 Level: schwer Leveraged Moritz Schularick University of Chicago Press UBC's Henry Siu, a professor at the Vancouver School of Economics, speaks about innovation in economics, technological progress and what it means for the fut... 2018 Level: leicht Understanding technological change Henry Siu UBC at Vancouver School of Economics In this short talk 'Measuring the Danger of Segregation' Trevon Logan, Professor of Economics at The Ohio State University, explores the impacts of structural racism on economics and health. 2020 Level: mittel Measuring the Danger of Segregation Trevon Logan Institute for New Economic Thinking Steven G. Medema is a Research Professor at Duke University. His research focuses on the History of Economic Thought, having published extensively on the issue of social costs of production (conceptualized as externalities in neoclassical economics). In this recorded seminar, he exposes his working paper on the history of the concept of externalities in economic literature, starting from Pigou’s “The Economics of Welfare” (1920), where Pigou makes the case for governmental intervention in the market where there is a divergence between private and social costs or benefits of a productive activity. T 2017 Level: mittel 'Exceptional and Unimportant'? The Rise, Fall, and Rebirth of Externalities in Economic Analysis Steven G. Medema Ceteris Never Paribus: The History of Economic Thought Podcast Colanders Microeconomics 11e is specifically designed to help today’s students succeed in the principles of economics course and grasp economics concepts they can apply in their daily lives 2019 Level: mittel Microeconomics David C. Colander McGraw-Hill Education Colanders Macroeconomics 11e is specifically designed to help today’s students succeed in the principles of economics course and grasp economics concepts they can apply in their daily lives. 2019 Level: leicht Macroeconomics 11ed. Colander, David C. McGraw-Hill Higher Education Technical change, defined as the manufacture and modification of tools, is generally thought to have played an important role in the evolution of intelligent life on earth, comparable to that of language. In this volume, first published in 1983, Jon Elster approaches the study of technical change from an epistemological perspective. 1983 Level: mittel Explaining Technical Change Jon Elster CUP Archive In this talk, Eric Beinhocker outlines his ideas of how to ensure a just and sustainable future for Humanity: This includes his interesting Russian Doll approach to unpacking 20th-century economics and proposals of new theories to underpin a new economic system. 2019 Level: leicht Economic Transition in the Anthropocene Eric Beinhocker University of California The main goal of this website is to make Economics less confusing. You can explore what the discipline of Economics is and could be. Learn about basic Economic terms and jargon. 2019 Level: leicht ecnmy.org - What is the Economy?   ecnmy.org Renowned scholars elaborate a critique on neoclassical economics and how it was unable to predict and even favoured the financial crisis. They refer to DSGE models, equilibrium theory and rational agents – a brief insight in the critique on neoclassic economics. 2012 Level: leicht Financial Instability Mini-Documentary Joseph Stiglitz, Gillian Tett, David Tuckett, Stephen Kinsella, John Kay, David Weinstein, Steve Keen and Dirk Bezemer INET In order to describe the global structure of the monetary and financial system and its effects on the global economy, most economics textbooks rely on unappropriated theories that provide nothing but outdated descriptions. In this talk, key speakers in economics, economic history and banking try to make this complex system a little more understandable by relying on real-world insights. 2016 Level: mittel Global Money: Past, Present, Future Perry Mehrling, Adam Tooze, Patricia Mosser, Phil Prince and Katharina Pistor (moderator) Columbia Global Thought As tax day approached, St. Francis College Economics Professors launched their first Economics Week with three days of guest speakers and student research. Randall Wray explains some basic principles of Modern Monetary Theory. 2018 Level: leicht Modern Money Theory for Beginners Randall Wray St. Francis College There are three things one can do in this website - 1. Learn 2. Help Teach 3. Sign up MOOC. This is a semester-long graduate course in Econometrics. This course is intended for graduate students in economics-related fields and more generally in social sciences. The course includes an overview of the models and theory and applications using Stata, R, or SAS programs. This econometrics class covers about 15 of the most commonly used econometric models in economics, such as linear regression, panel data models, probit and logit models, limited dependent variable models, count data models, time series models, and many more. 2013 Level: leicht Econometrics Academy - Common Econometric Models & Statistical Software Ani Katchova Econometrics Academy New Tools of Economic Dynamics gives an introduction and overview of recently developed methods and tools, most of them developed outside economics, to deal with the qualitative analysis of economic dynamics. It reports the results of a three-year research project by a European and Latin American network on the intersection of economics with mathematical, statistical, and computational methods and techniques. 2005 Level: mittel New Tools of Economic Dynamics Jacek Leskow Springer Science & Business Media The world has changed dramatically in recent years and so has the field of economics, but many introductory economics textbooks have remained stuck in the past. This book provides a new beginning for the study of macroeconomics, fundamentally international in its approach and emphasizing current debates and research trends. 2014 Level: mittel Macroeconomics Dorman, Peter Springer-Verlag This content submission has two parts: (1) a link to the post by Wolf Richter on deterioration of US subprime credit card debt and loans, driven in part by the overuse of hedonic quality adjustments in the Consumer Price Index (CPI) used by the US Bureau of Labor Statistics, and (2) to introduce Exploring Economics to the website Naked Capitalism, which is an effort to promote critical thinking through the medium of a finance and economics blog and fearless commentary. 2019 Level: schwer What’s Behind the Subprime Consumer Loan Implosion? Wolf Richter www.nakedcapitalism.com