What does GDP measure? How was it constructed and how did it become so important? What are alternatives? A historical introduction into the critique of GDP as measure of economic welfare.
John K. Galbraith recounts episodes in the history of money such as the creation of the bank of Amsterdam, John Law's fraudulent Bank Royal, the inception of the Bank of England and of the Federal Reserve to illustrate concepts such as money creation by commercial banks, the bank rate, open market operations or the money supply in general. The emotions, myths and struggles surrounding money are addressed and explained in a clear and consistent manner.
In this keynote speech, Roger Backhouse gives a historical overview of theories on secular stagnation: how it evolved from a description of the economic situation, especially in the U.S. of the 1930s to an analytical tool and then lost importance until its current revival. Backhouse touches upon the contributions of J. A. Hobson, Alvin Hansen, Evsey Domar and Paul Samuelson.
Das kurze Video zeigt eine einfach Erklärung von Konjunkturzyklen, wobei es den Kreislauf zwischen Produktion, Arbeit, Investitionen und Preise sowie die Rollen von Haushalten, Unternehmen und Staat erläutert. Dabei präsentiert das Video auch das magische Viereck wirtschaftspolitischer Zielsetzungen.
In der Kolumne Jenseits von Angebot & Nachfrage nehmen Autor*innen aus dem Netzwerk Plurale Ökonomik die fachlichen Scheuklappen der Lehrbuchökonomie ab und werfen einen pluralökonomischen Blick auf gesellschaftspolitische Fragestellungen.
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This project is brought to you by the Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.). It is committed to diversity and independence and is dependent on donations from people like you. Regular or one-off donations would be greatly appreciated.