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Phänomenologie ist eine philosophische Methode – eigentlich: Nicht-Methode -, in der man den Blick vom untersuchten Gegenstand (hier das Geld) umkehrt auf die Denkformen, in denen er gedacht wird. Der Kerngedanke einer Phänomenologie des Geldes lautet: Geld ist eine Denkform und nur darin eine soziale Wirklichkeit.
Phänomenologie des Geldes
This video explains what the term 'Feminist Economics' describes and goes into detail on how feminist economists use methodology differently, why they advocate for diversity in research and how to look into preconditions for the functioning of our economies. It, additionally, highlights the link between feminist economics and the study of climate change.
What is Feminist Economics & what does it have to do with studying the climate crisis?
This paper investigates how the concept of public purpose is used in Modern Monetary Theory (MMT). As a common denominator among political scientists, the idea of public purpose is that economic actions should aim at benefiting the majority of the society. However, the concept is to be considered as an ideal of a vague nature, which is highly dependent on societal context and, hence, subject to change over time. MMT stresses that government spending plans should be designed to pursue a certain socio-economic mandate and not to meet any particular financial outcome. The concept of public purpose is heavily used in this theoretical body of thought and often referred to in the context of policy proposals as the ideas of universal job guarantee and banking reform proposals show. MMT scholars use the concept as a pragmatic benchmark against which policies can be assessed. With regards to the definition of public propose, MMT scholars agree that it is dependent on the social-cultural context. Nevertheless, MMT scholars view universal access to material means of survival as universally applicable and in that sense as the lowest possible common denominator.
Modern Monetary Theory and the public purpose
We collect selected high quality working papers from the leading international universities and research institutes in the field of plural and heterodox economics. The working papers in our selection present economic schools of thought and debates in a first-class way and give an insight into the latest research.
Exploring Economics Working Paper Selection
This lecture of the anthropologist David Graeber gives a brief introduction to the thoughts of his 2011 published book Debt: The First 5000 Years.
Debt: The First 5,000 Years
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.
The principle of effective demand: Marx, Kalecki, Keynes and beyond
Podcast series with six 12-minute parts introducing the the values and ideas behind our neoliberal economic system: where it came from, how it spread, and how we could do things differently.
Beginner’s Guide to Neoliberalism
Professor Joseph Aldy from Harvard Kennedy School gives us some insights about how economics can set the balance between policymakers, scientists, employers and citizens.
Can Economics save the Environment?
In this podcast, Laura Basu focuses on how capitalist markets and nation-states perpetuate structural racism.
Is capitalism racist?
The COVID-19 pandemic has had far-reaching implications across the African continent. This discussion brings to light the role of African think tanks, such as the African Center for Economic Transformation (ACET) in rethinking the continent’s development models, especially, in light of the unprecedented crisis.
Growth with 'DEPTH' should guide economic transformation in Africa
The documentary features a talk of the US-American writer and economic theorist Jeremy Rifkin summarising the main points of his 2011 book "The Third Industrial Revolution."
The Third Industrial Revolution: A Radical New Sharing Economy
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.
Modern Money and the War Treasury
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.
Financialization made in Germany: A review
Adam Smith mag der Urvater ökonomischen Denkens sein. Aber ist er nicht längst veraltet, seine Ideen überholt? Wie aktuell seine Grundgedanken noch immer sind und wie oft sie in der modernen wirtschaftspolitischen Debatte zu finden sind, zeigt dieser Podcast.
Adam Smith und die freie Marktwirtschaft
This study aims to provide insights on how the Social and Solidarity Economy (SSE) is contributing to the future of work.
The Contribution of the Social and Solidarity Economy and Social Finance to the Future of Work
Die Statistik war in ihren Anfängen „Staatszustandswissenschaft“, Fürsten erfassten darin in der Kammer ihr jeweiliges Territorium. Durch die Bevölkerungswissenschaft wandelte sie sich schrittweise zu einer formal-mathematischen Theorie. Parallel dazu setzte sich die Geldökonomie immer mehr als herrschende Form durch und transformierte auch die Vorstellung von den handelnden Subjekten. Durch das Prinzip, nur jeweils Durchschnitte zu erfassen, wurde vor allem in der schottischen Tradition des Liberalismus aus der Ökonomik als „moral science“ eine naturalistische Theorie autonomer Marktprozesse. Die Selbstwahrnehmung der Wirtschaft in Statistik und Ökonomik dient – ungeachtet ihrer vermeintlich neutralen, äußerlichen und formal-mathematischen Struktur – vorwiegend den Interessen einer herrschenden Elite.
Die Selbstwahrnehmung der Wirtschaft: Entstehung und Wandel von Statistik und Ökonomik als Theorie für Eliten
Ride hailing home sharing meal delivery and other forms of digitally powered task sharing are creating jobs and growth in Europe and significant policy challenges What should be the responsibilities of these new platforms how should workers be classified and how can insurers and others provide services to this new …
Europe’s Collaborative Economy
A detailed introduction into dependency theory that rethinks its relevance to modern development challenges.
Dependency Theory and Uneven Development
This article considers the strengths of agent-based modelling and the ways that it can be used to help central banks understand the economy. These models provide a complement to more traditional economic modelling which has been criticised in the wake of the Great Recession.
Agent-based models: understanding the economy from the bottom up
This paper posts a heretical question: Is economics a science after all? The answer to this question impinges on the methodology, hypotheses and results of economic research.
Is economics a science?
Dr. Katherine Trebeck explains some reasons why we should believe the future of the economy should be a wellbeing economy.
Why the Future Economy has to be a Wellbeing Economy
This Perspective argues that ergodicity — a foundational concept in equilibrium statistical physics — is wrongly assumed in much of the quantitative economics literature. By evaluating the extent to which dynamical problems can be replaced by probabilistic ones, many economics puzzles become resolvable in a natural and empirically testable fashion.
The ergodicity problem in economics
Aufbauend auf neueren und älteren Forschungsergebnissen zum Einfluss von ÖkonomInnen auf politische Entscheidungsprozesse und mediale wirtschaftspolitische Debatten wird in diesem Beitrag ein eklatantes polit-ökonomisches Machtungleichgewicht unter einflussreichen ökonomischen ExpertInnen aufgezeigt: Es kann vor allem in Deutschland eine starke Dominanz von neo- bzw. ordoliberalen Interessenskoalitionen bzw. –netzwerken gegenüber alternativen, keynesianischen oder gewerkschaftsnahen Netzwerken konstatiert werden, wohingegen in Österreich durch eine noch stärkere Bedeutung korporatistischer Strukturen dieses Ungleichgewicht zumindest schwächer ausgeprägt ist.
Ökonomische Expertise und politökonomische Machtstrukturen
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.
Central banking, Finance and Power
“Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses1.” This is how Lionel Robbins came to define economics in the early 1930s and there is a good chance that many of you heard a variant of this definition in your first Economics 101 lecture.
What is “Economics”?
Teaching and learning ontology and epistemology. Onto-what? Bates & Jenkins explain what is needed to equip students with the ability to critically reflect on learned content and understand meta-discussions in their field.
Teaching and Learning Ontology and Epistemology in Political Science
This blogpost discusses the bias the Economics discipline has towards Africa. It points out how important conferences on issues regarding Africa take place in Western countries at the expense of those based in Africa.
Economics has an Africa Problem
Eine Paneldiskussion der Online-Konferenz "Next Generation Central Banking", die im Rahmen des Projekts "Transformative Responses" von Finanzwende und in Kooperation mit der Heinrich-Böll Stiftung organisiert wurde.
NextGen Central Banking: Die Rolle der Zentralbanken in der sozial-ökologischen Transformation
A remarkable and insightful tribute into the works of late Malawian development economist, Professor Thandika Mkandawire. Must read for anyone looking to broaden their scope of understanding development as it relates to the African continent.
Thandika Mkandawire - A Giant of African Economic Development
Central banks have once again proven to be the first line of defense in crisis-ridden times. With their far reaching actions they prevented the world from experiencing a collapse of financial markets on top of the severe health and economic crisis caused by Covid-19.
NextGen Central Banking: Central Banking and Climate change - A new era of monetary financing?
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.
Fighting Neoliberalism with Keynes & Minsky?
The Money View Symposium was hosted by YSI on 5-7 February, 2021. The Symposium showcased the work of scholars and practitioners that make use of the so-called Money View, ranging from economists to lawyers, politicians and social scientists at large. The symposium aims to illuminate the main tenets of the Money View and to demonstrate its juxtaposition to the mainstream.
Money View Symposium 2021
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