Knotweed – I-PEEL.org

First historical instances of colonialism such as the crusades are revisited. Then a lengthy account of the colonial experience of the Spanish Kingdom in South America and of the British Empire in India is given. The Indian case is illustrated with large amounts of archival materials from a colonial administrator. There the workings of the colonial bureaucracy and law and its (positive) achievements as well as the ignorance and arrogance of the external rulers are demonstrated. After narrating the Indian independence to some depth some recent colonial wars (Algeria, Vietnam, Congo, Angola) are briefly examined. In the end, the impact of colonialism on current, i.e. 1970s, (economic) international relations is discussed. The general tenor is that colonialism is a dysfunctional system. Still, agency is mostly placed with the empire rather than with the ruled.

The usual background and distinctions between complexity and neoclassical economics are presented. Neoclassical economics deals with perfectly rational representative agents -this creates states of equilibrium. On the other hand, complexity economics relaxes these assumptions to deal with responsive agents in an uncertain dynamic environment -this creates states of disequilibrium. More …

In this overview paper, Laura Porak reviews the history of industrial policy in the European Union before the background of a Cultural Political Economy approach.

Mitch Jeserich interviews Professor Richard D. Wolff, a professor of economics at the New School University, who presents an explanatory theory of how inflation occurs in an economy. This analysis is presented through the lens of Marxian political economy (explicitly) and institutional economics (implicitly through corporate structure). Check out this new content in our discover section! posted 08.06.2022