Die internationale makrofinanzielle Architektur erlitt im März 2020 einen Schock: Nachdem globale Lieferketten geschlossen wurden, froren Offshore Geldmärkte ein. Die wichtigen Zentralbanken reagierten schnell und beliehen sich gegenseitig mit Währung. 2020 Level: leicht Zentralbankkooperation funktioniert – für manche Mathis Richtmann Dezernat Zukunft The effects of the 2020 pandemic on the Latin-American region: a thorough before-after analysis. 2020 Level: leicht COVID-19 and Economic Development in Latin America SOAS Open Economics Forum, SOAS Economics Department, Tobias Franz SOAS University of London In diesem Text aus der Reihe "Exploring Economics - Foundations" werden die Grundlagen der Internationalen Politischen Ökonomie als interdisziplinäre wissenschaftliche Strömung dargestellt. 2020 Level: mittel Internationale Politische Ökonomie Hans-Jürgen Bieling Exploring Economics Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There is however a long tradition of economic analysis which emphasises how growth in a capitalist economy leads to an accumulation of tensions and results in periodic crises. This paper first reviews the work of Karl Marx who was one of the first writers to incorporate an analysis of periodic crisis in his analysis of capitalist accumulation. The paper then considers the approach of various subsequent Marxian writers, most of whom locate periodic cyclical crises within the framework of longer-term phases of capitalist development, the most recent of which is generally seen as having begun in the 1980s. The paper also looks at the analyses of Thorstein Veblen and Wesley Claire Mitchell, two US institutionalist economists who stressed the role of finance and its contribution to generating periodic crises, and the Italian Circuitist writers who stress the problematic challenge of ensuring that bank advances to productive enterprises can successfully be repaid. 2014 Level: mittel Finance and Crisis: Marxian, Institutionalist and Circuitist approaches Georgios Argitis, Trevor Evans, Jo Michell, Jan Toporowski Institute for International Political Economy Berlin Since the 1980s, the financial sector and its role have increased significantly. This development is often referred to as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of finance manifests a new era in the history of capitalism. The present article first provides some general discussion on the term financialization and presents some stylized facts which highlight the rise of finance. Then, it proceeds by briefly reviewing the main arguments in the Marxian framework that proposedly lead to crisis. Next, two schools of thought in the Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the contradictions imposed by financialization that disrupt the growth process and also stress the fragilities imposed by the new growth regime. The two approaches introduced here are the Social Structure of Accumulation Theory and Monthly Review School. The subsequent part proceeds with the Post-Keynesian theory, first introducing potential destabilizing factors before discussing financialization and the finance-led growth regime. The last section provides a comparative summary. While the basic narrative in all approaches considered here is quite similar, major differences stem from the relationship between neoliberalism and financialization and, moreover, from the question of whether financialization can be considered cause or effect. 2016 Level: mittel Financialization and the crises of capitalism Petra Dühnhaupt Institute for International Political Economy Berlin This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes intrinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the European economic crisis, which to some extent already reflects the structural theoretical framework presented in chapter three. Regarding the theoretical framework Michael Heinrich's interpretation of 'the' Marxian monetary theory of value will be presented. Heinrich identifies connections between production and realization, between profit and interest rate as well as between industrial and fictitious capital, which represent contradictory tendencies for which capitalism does not have simple balancing processes. In the context of a discussion of 'structural logical aspects' of Marx's Critique of the Political Economy, explanatory deficits of Heinrich's approach are analyzed. In the following, it is argued that Fred Moseley's view of these 'structural logical aspects' allows empirical 'applications' of Marxian monetary theories of value. It is concluded that a Marxian monetary theory of value, with the characteristics of expansive capital accumulation and its limitations, facilitates a structural analysis of the European economic crisis from 2007 onwards. In this line of argument, expansive production patterns are expressed, among other things, in global restructuring processes, while consumption limitations are mitigated by expansive financial markets and shifts in ex-port destinations. 2019 Level: schwer The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation Sascha Gander Institute for International Political Economy Berlin This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article aims to clarify how the prevailing institutional structure and its changes had contributed to or had countervailed the spread of financialization and how it had shaped the specific German variant of financialization. For this end, it combines the rich literature on Germany's institutional structure with the more macroeconomic oriented literature on financializaton. With the combination of those different perspectives the article sheds light on the reasons for the spread of financialization and the specific forms it has taken in Germany. 2019 Level: leicht Financialization made in Germany: A review Daniel Detzer Institute for International Political Economy Berlin Central banking is anything but clear-cut. As this webinar with Benjamin Braun demonstrates, the standard view of central banks as independent public entities that govern financial markets and "print" money is at least partially misleading. 2020 Level: leicht Central banking, Finance and Power Benjamin Braun crashcourseeconomics.org This report presents the results of the “Financial Mechanisms for Innovative Social and Solidarity Economy Ecosystems” project, designed to foster a better understanding of the different ways in which financial resources can be made available and accessed to support the growth of social and solidarity economy (SSE) organizations and their ecosystems. The project is supported by the Ministry of Labour, Employment and Social and Solidarity Economy of the Government of the Grand Duchy of Luxembourg. 2019 Level: mittel Financial Mechanisms for Innovative Social and Solidarity Economy Ecosystems Samuel Barco Serrano / Riccardo Bodini / Michael Roy / Gianluca Salvatori International Labour Organization Recording of the Workshop “The collateral supply effect on central banking”, 04.02.2021, part of the "Next Generation Central Banking - Climate Change, Inequality, Financial Instability" conference by the Heinrich-Böll-Stiftung 2021 Level: mittel NextGen Central Banking: The collateral supply effect on central banking Finanzwende e.V. & Heinrich-Böll-Stiftung, Carolyn Sissoko, UWE Bristol; Steffen Murau, Boston University; Michael Peters, Finanzwende Transformative Responses, Heinrich-Böll-Foundation & Finanzwende Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore proposes to revise the insights of Minsky's financial instability hypothesis, combining it with the Keynesian theory of the monetary circuit to answer many questions in modern economy. 2020 Level: mittel Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore New Economic Thinking The last 15 years have seen extensive research into ecosystem service valuation (ESV), spurred by the Millenium Ecosystem Assessment in 2005 (Baveye, Baveye & Gowdy, 2016). Ecosystem services are defined as “the benefits people obtain from ecosystems” (Millenium Ecosystem Assessment, p.V). For example, ecosystems provide the service of sequestering carbon which helps regulate the climate. Valuation means giving ecosystems or their services a monetary price, for example researchers have estimated that the carbon sequestration services of the Mediterranean Sea is between 100 and 1500 million euros per year. The idea of ESV was a response to the overuse of natural resources and degradation of ecosystems, allegedly due to their undervaluation and exclusion from the monetary economy. ESV can be used (1) for policy decision-making, for example allocating funding to a reforestation project (2) for setting payments to people who increase ecosystem services, for example a farmer increasing the organic carbon content of their soil, and (3) for determining fees for people who degrade ecosystem services, for example a company that causes deforestation. 2021 Level: leicht A Pluralist Perspective on Ecosystem Service Valuation Introduction Maya Exploring Economics Der Beitrag befasst sich mit der Schaffung finanztheoretischer Rahmenbedingungen hinsichtlich einer sozial-ökologischen Transformation der heutigen Wirtschaftsweise durch gezielt-effiziente Anpassung der Geschäftstätigkeit des globalen Bankensektors unter Betrachtung der resultierenden Folgewirkungen zwecks hinreichender Zielerfüllung im Sinne des Pariser Abkommens. Wie erfüllen und finanzieren wir die Ziele des Pariser Abkommen / Climate Agreement (Social Development Goals (SDG) & Environmental Social Governance (ESG)) in nur noch 30 Jahren? Eine mögliche Antwort. 2021 Level: mittel Die Bedeutung des Pariser Klimaabkommen für den Bankensektor Andreas Bender Exploring Economics The course will teach students to analyze the goals, implementation, and outcomes of economic policy. 2018 Level: mittel Advanced Economic Policy 2 Alyssa Schneebaum Vienna University of Economics and Business The workshop introduces into the field of critical political economy and tries to identify the role of finacial markets in capitalism, the reason for financial crises and the relevance of Marx in regard to these topics. 2018 Level: leicht Marxian Political Economy Jannis Eicker and Anil Shah 2. Summer Academy for Pluralist Economics This module examines current socio-political issues through the lens of pluralism, that is pluralism of theory, pluralism of method and interdisciplinary pluralism 2020 Level: leicht Pluralist Economic Analysis Sophia Kuehnlenz Manchester Metropolitan University In diesem Podcast beantwortet Aaron Sahr unter anderem folgende Frage: Woher stammt das Geld zur Rettung unserer kapitalistischen Wirtschaft in einer Finanzkrise? 2020 Level: leicht Future Histories: Aaron Sahr zu monetärer Souveränität und Modern Monetary Theory Jan Groos, Aaron Sahr www.futurehistories.today This short video visualizes the destabilizing effects financial markets can have on food prices, based on a paper by Jayati Ghosh. It introduces and explains the idea of future contracts and how those are used to speculate with basic food stuffs. After establishing the concepts, the video sketches out how the increase in those practices resulted in a substantial rise and later collapse of food prices around 2008 with severe consequences for many developing countries and their people. 2021 Level: leicht Food and Finance Jezri Krinsky blobMetropolis 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. 2019 Level: mittel Crashed: How a Decade of Financial Crises Changed the World Adam Tooze Paris School of Economics ‎Von Schattenbanken, Geldschöpfung und Zentralbankkapitalismus. 2021 Level: leicht ‎Future Histories: Joscha Wullweber zu Zentralbankkapitalismus Jan Groos, Joscha Wullweber www.futurehistories.today Wie beeinflusst die Zentralbank Vermögenswerte? Wo fließt Zentralbankgeld hin und warum kann es nicht direkt in Finanz- oder Immobilienmärkte fließen? 2021 Level: mittel Wie sich die Geldpolitik auf Vermögenspreise auswirkt Florian Kern Dezernat Zukunft Marx Reloaded is a cultural documentary that examines the relevance of German socialist and philosopher Karl Marx s ideas for understanding the global economic and financial crisis of 2008 09 The crisis triggered the deepest global recession in 70 years and prompted the US government to spend more than 1 … 2011 Level: leicht Marx Reloaded Jason Barker YouTube (ARTE) Marx Reloaded ist eine Kulturdokumentation die den Ideen des deutschen Sozialisten und Philosophen Karl Marx nachgeht und ihre Relevanz für das Verständnis der globalen Wirtschafts und Finanzkrise von 2008 2009 untersucht Diese Krise löste die tiefste weltweite Rezession seit 70 Jahren aus und veranlasste die US amerikanische Regierung mehr als … 2011 Level: leicht Marx Reloaded – Zerstört sich der Kapitalismus selbst? Jason Barker YouTube (ARTE) Dies ist eine Kooperationsveranstaltung zwischen Heinrich-Böll-Stiftung, Finanzwende Recherche und der Universität Witten-Herdecke. Mit: - Joscha Wullweber, Heisenberg-Professor für Politische Ökonomie, Transformation und Nachhaltigkeit an der Universität Witten-Herdecke - Rainer Voss, Ex-Investmentbanker und Finanzwende-Fellow - Ulrike Roy, Abteilungsleiterin, Deutsche Bundesbank Begrüßung und Moderation: Jörg Haas, Referent Internationale Politik, Heinrich-Böll-Stiftung 2021 Level: leicht Buchvorstellung: Zentralbankkapitalismus Joscha Wullweber Heinrich-Böll-Stiftung In this article, Jihen Chandoul discusses the importance of food sovereignty in Africa, reflecting on the continent’s early post independence movements for self sufficiency. 2021 Level: leicht Food and the Struggle for Africa’s Sovereignty Jihen Chandoul Post-Colonialisms Today: postcolonialisms.regionsrefocus.org In den letzten Jahrzehnten ist es wiederholt zu Crashs und Stagnation auf den Finanzmärkten gekommen. Wiederkehrende Finanzkrisen sind ein Indiz dafür, dass Finanzmärkte latent instabil sind. Zentralbank und Staat (Regierung) mussten intervenieren, um die Finanzmärkte in einer Krise zu stabilisieren. 2022 Level: leicht Stabile und nachhaltige Finanzmärkte Christian Fahrbach Leuphana Universität Lüneburg Diese Publikation der Rosa Luxemburg Stiftung erläutert grundlegende Zusammenhänge der Staatsfinanzierung und -verschuldung sowie der Zentralbankpolitik und räumt dabei euch mit Mythen der Mainstream-Ökonomik auf. 2021 Level: mittel Kredit der Macht Stephan Kaufmann, Ingo Stützle Rosa Luxemburg Stiftung Asset Management firms control large parts of the global economy Just the three American asset management firms BlackRock Vanguard and State Street manage more than half of the combined value of all shares for companies in the S P 500 Their combined managed assets amount to 22 trillion May 2022 … 2022 Level: mittel Asset Manager Capitalism Mark Blyth Watson Institute for International and Public Affairs Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. 2020 Level: mittel Trade Wars Are Class Wars Matthew C. Klein & Michael Pettis Yale University Press Ziel dieser kritischen Einführung in die Volkswirtschaft ist es auf knappem Raum unterschiedliche Sichtweisen auf wirtschaftliche Zusammenhänge darzulegen und damit die Basis für ein differenziertes Verständnis von Ökonomie und wirtschaftspolitischen Debatten zu liefern In Zeiten einer integrierten Weltwirtschaft rascher Veränderungen und internationaler Krisen liegt es nahe Wirtschaft in ihrer internationalen … 2012 Level: mittel Ökonomie der internationalen Entwicklung Johannes Jäger, Elisabeth Springler Mandelbaum-Verlag Erstmals werden in einem deutschsprachigen Werk zentrale Theorien sowie theoretische Konzepte der Internationalen Politischen Ökonomie vorgestellt. Der Band gibt einen fundierten Überblick über verschiedene theoretische Perspektiven mit ihren jeweiligen Stärken und Schwächen und verortet diese in der internationalen Diskussion. 2013 Level: leicht Theorien der Internationalen Politischen Ökonomie Joschua Wullweber, Maria Behrens, Antonia Graf Springer VS Das Buch "Ökonomie des Alltaglebens" stößt die Debatte darüber an, wie die europäischen Gesellschaften die Bereitstellung von essentiellen Gütern und Dienstleistungen unserers alltäglichen Lebens wie der Strom- oder der Gesundheitsversorgung organisieren sollten. 2019 Level: mittel Die Ökonomie des Alltagslebens Joulie Froud, Michael Moran, Angelo Salento, Sukhdev Johal, Karel Williams Suhrkamp Verlag AG