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Economics need to change - now more than ever! With Exploring Economics, we strengthen alternative economic approaches and counter mainstream economics with a critical and pluralistic vision of economic education. We also provide background analyses on current economic debates to strengthen a critical economic discourse.
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The main goal of this website is to make Economics less confusing. You can explore what the discipline of Economics is and could be. Learn about basic Economic terms and jargon.
ecnmy.org - What is the Economy?
In this short video Peter Reich illustrates seven aspects of the state of the US economy. He provides suggestions on how to to get started to move towards a more fair distribution of wealth.
Everything You Need to Know About the New Economy
Planet Money and The Indicator aim to explain current economic events in an easy, fun and accessible manner.
Planet Money
Prof. Yanis Varoufakis talks in this introductory lecture about the future of our economy and the current state of economics with special regard to pluralism in economics.
Introduction to Pluralism in Economics - From an Economics-without-Capitalism to Markets-without-Capitalism
To prevent the coronavirus shock to demand precipitating a long-lasting depression, government needs to become short-term payer of last resort.
Introducing the Payer of Last Resort
In this podcast, Professor Darrick Hamilton critically discusses how current neoliberal economic models uphold a systemically racially unjust structure of economies.
EQUALS: Racism, Rebellions and the Economy
Could working less make people and the planet better off? Find out in this dossier by exploring the landscape of working time reduction policies and their potential for reimagining, restructuring, and redistributing time as a political resource in the 21st century economy.
Could Working Time Reduction Policies Save People and the Planet?
How long the COVID-19 crisis will last, and what its immediate economic costs will be, is anyone's guess. But even if the pandemic's economic impact is contained, it may have already set the stage for a debt meltdown long in the making, starting in many of the Asian emerging and developing economies on the front lines of the outbreak.
The COVID-19 Debt Deluge
Can pluralism in economics be useful to tackle the fight against climate change? How can diversity in methods and ideas allow for a better understanding of the issue of the climate crisis?
Clips on Climate: Behavioral Economics
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
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
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
Pluralism includes mainstream economics. Our campaign for pluralism, including this series, have generally focused on ideas outside the mainstream on the basis that it gets plenty of attention already so we want to spend our time exposing people to alternatives. Nevertheless, mainstream ideas deserve some attention. On top of this, a curious feature of modern economics education is that some of the best ideas from mainstream economics are not even taught to undergraduates! During this series I will explore such ideas, starting today with the market construction technique known as ‘matching’.
It's a match!
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
Have you ever thought about the role of civil society and the evolution of economy in one breath? This one hour long interview of Daron Acemoğlu (MIT) and Martin Wolf (Financial Times) by Rethinking Economy NL gives you much inspiration for it.
Socioeconomics of Disruptive Tech
A pithy, stimulating debate between three great economists on the heterogeneous character of economic thought
The Future of Heterodox Economics
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.
Crashed: How a Decade of Financial Crises Changed the World
This course introduces students to political economy and the history of economic thought. We will cover the core ideas in various schools of economic thought, positioning them in the historical and institutional context in which they were developed. In particular, we will cover some economic ideas from the ancient world and the middle ages; the enlightenment; the emergence of and main ideas in classical political economy (Adam Smith, David Ricardo, Thomas Malthus, and others); Marx, Mill, and Keynes; European versus American economic thought through history; the rise of mathematical economics; economic theories around state-managed economies versus socialism; Austrian economics; behavioral economics; and the future of economics.
Political Economy and the History of Economic Thought
Many economists refer to economic growth as a cake that is supposed to grow for the benefit of all.
Social Limits to Growth
Dr Murieann Quigley (Senior Lecturer in Biomedical Ethics and Law, University of Bristol) discusses the ethics of nudging and whether it matters that third parties construct the context in which you make your decisions.
The Ethics of Nudging
Recent events such as the Black Lives Matter protests the the murder of George Floyd in Minneapolis US and the toppling of the statue of Edward Colston in Bristol UK have exposed existing racism colonialism and sexism in our society and in Economics While calls to improve diversity in Economics …
Decolonising Economics in Practice
The need for the movement Black Lives Matter and the tragic events that preceded it are the clear manifestation of the problem of discrimination today, which we all intuitively perceive as a poignant socio-economic question of our times.
Economics of Discrimination - A CBD Perspective
This course will survey contemporary heterodox approaches to economic research, both from a microeconomic and a macroeconomic perspective. Topics will be treated from a general, critical, and mathematical standpoint.
Heterodox Approaches to Economics
After a brief illustration of sovereign green bonds’ features, this paper describes the market evolution and identifies the main benefits and costs for sovereign issuers. The financial performance of these securities is then analysed.
Green Bonds: the Sovereign Issuers’ Perspective
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 …
Foundations of complexity economics
Nancy Fraser starts out by introducing the multidmiensional cirises of the 21st century Three dimensions are especially alarming to her the ecological the financial and social aspects of the crisis Fraser then revives the ideas of Karl Polanyi which he first presented in his 1944 book The great transformation She …
Can societies be commodities all the way down?
Is degrowth bad economics To properly answer this question it is essential to understand what economic growth really is The term growth is often associated with an increase in wealth a term loosely defined but according to the degrowth movement economic growth is a narrower concept only describing an increase …
Is prosperous degrowth feasible?
Tetteh Hormeku-Ajei, member of the Post-Colonialisms Today Working Group, provides insight on the history of primary commodity export dependence in Africa, and relates it to the difficulties African governments are facing finding necessary resources to tackle the COVID-19 pandemic.
Tracing Primary Commodity Export Dependence
Yao Graham, coordinator of Third World Network- Africa, reflects on lessons learned from past Economic Partnership Agreements (EPAs), specifically as they relate to the Post-Cotonou Agreement.
Lessons From Economic Partnership Agreements to the Post- Cotonou Framework
Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam explain how early post-independence Egypt sought economic independence via industrialization.
Achievements of Egypt’s Industrialization Project
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.
Food and the Struggle for Africa’s Sovereignty
Sporting events can be seen as controlled, real-world, miniature laboratory environments, approaching the idea of “holding other things equal” when exploring the implications of decisions, incentives, and constraints in a competitive setting (Goff and Tollison 1990, Torgler 2009). Thus, a growing number of studies have used sports data to study decision-making questions that have guided behavioral economics literature.
Sport as a Behavioral Economics Lab
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