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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.
Die ökonomische Theorie hat mit Moral wenig oder gar nichts zu tun. In den gängigen Lehrbüchern der Mikroökonomie findet sich in den Stichwortverzeichnissen kein Eintrag zu Moral oder Ethik. Die Studierenden lernen über die Wirtschaft nachzudenken, aber sie lernen dabei nicht, systematisch über ethische Fragen zu reflektieren. Nach der neoklassischen Lehre, wie sie in den Lehrbüchern präsentiert wird, weist wirtschaftliches Handeln nicht grundsätzlich moralische Aspekte auf.
Die Wirtschaftswissenschaft steht heute im neoklassischen Paradigma, sie kann aber viel mehr als die meisten wissen. Im Laufe der Wirtschaftsgeschichte musste sich die ökonomische Theorie immer wieder neuen Herausforderungen stellen, neue Fragestellungen beantworten, ihre Zielsetzung und Wertkataloge hinterfragen und anpassen.
This course is designed to provide students with an understanding of work-related gender issues and to enable students to analyze the issues using the tools of economics.
This syllabus provides an overview of the contents of the course "Understanding Economic Models" at the University of Helsinki.
Eine erfolgreiche Wirtschaftstransformation hängt von einer Veränderung der ökonomischen Praktiken der Akteure ab. Die „Spirale transformativen Lernens“ identifiziert, welche Fähigkeiten dafür entscheidend sind.
Die Notwendigkeit von Suffizienz als komplementärer Rahmen für Effizienz- und Konsistenzstrategien wird zunehmend anerkannt – die Rolle von Unternehmen in diesem Prozess jedoch meistens ausgeblendet.
Die alten kapitalistischen Zentren, aber auch die großen Schwellenländer befinden sich inmitten eines epochalen Umbruchs. Politikansätze, die das Problem der Klimaungerechtigkeit ignorieren, werden heftige Widerstände gegen die sozial-ökologische Transformation auslösen. Ein Beitrag von Klaus Dörre.
Lineares Wirtschaften ist trotz alternativer Vorschläge fest etabliert. Dabei wäre eine effektive Umsetzung der Kreislaufwirtschaft nötig, um den Fußabdruck menschlichen Konsums deutlich zu verringern. Ein Beitrag von Patricia Urban.
Der Fokus der feministische Ökonomik liegt auf dem wechselseitigen Zusammenhang von Geschlechterverhältnissen und Ökonomie. Sie rückt insbesondere Care und die teils nicht marktvermittelte Reproduktionssphäre in das Blickfeld.
Economist and 2020 Balzan Prize winner for Environmental Challenges: Responses from the Social Sciences and Humanities, Joan Martínez Alier, speaks on the importance of ecological economics and its timeliness around the 2007/2008 global financial crisis. He speaks on the importance of building the field of ecological economics “from the ground up” through praxis.
Maria Nikolaidi on how Minsky’s theory has been modelled over past decades and how one can use these models in order to analyse contemporary issues such as financial fragility and financial instability caused by climate change.
This talk was given at a local TEDx event, produced independently of the TED Conferences. Economic theory is centuries out of date and that's a disaster for ...
What is “equitable growth” and how do we measure it? A better understanding of equitable growth—and how to measure it—can improve our understanding, inform decisions and lead to better outcomes for all.
How does fiscal policy work and which dimensions have to be considered? In this short text, you can learn about the difficulty of juggling different dimensions and which optimal rules exist at the micro and macro level.
Planet Money and The Indicator aim to explain current economic events in an easy, fun and accessible manner.
To prevent the coronavirus shock to demand precipitating a long-lasting depression, government needs to become short-term payer of last resort.
This is an online panel and discussion on the ongoing and potential gendered impacts of COVID-19 organized by the International Association of Feminist Economics (IAFFE).
Banner and Pastor debunk granted assumptions of the neoclassical theory, such as self-interested human behavior, the necessity of inequality and growth, to pull the threads between the new possible foundations of our society, "prosperity, security and community".
In this podcast, Laura Basu focuses on how capitalist markets and nation-states perpetuate structural racism.
Are there any limits to government spending? In times of war, particularly? And what about the aftermath of such special times when treasuries seemingly feel unshackled from any rules? And are those times really any special? That is what this paper is about.
This text summarizes the content of the 2018 Nobel Prize winner W. Nordhaus. It is extended by some critical perspectives on this topic. The short dossier gives an overview of the most important texts we have read in the climate economics reading group.
Rethinking Economics NL explores every month together with a new host the field of economics from a different perspective.
Industrial policy has been a central part of policy prescription by many heterodox schools arguably since mercantilism, but the theories behind it and types of policy advocated for have evolved over time. Recently some neoclassical economists have shown renewed interest in it, but is this mainstream acceptance a step back or a step forward from earlier heterodox ideas?
How exactly are persisting social inequalities and the operations of modern finance connected? Adam Tooze provides a detailed answer to a still relevant problem by focusing on the Great Financial Crisis and the role of the finance industry in the USA.
This collection of videos offers a short introduction to ecological economics and its main differences with respect to environmental economics.
Looking for a pithy introduction into John Maynard Keynes's economic thinking? This BBC radio programme may be it.
Is our system capable of energy transition and climate protection? How plural is economic policy in practice and who makes the big decisions? What kind of change do we want?
Many economists refer to economic growth as a cake that is supposed to grow for the benefit of all.
Ecologcial economics conceptualizes our society as embedded within the environment and our economic system as embedded within society and the environment.
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 …
In this short video, John Holmwood problematizes Marxian Economics from a post-colonial perspective.
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