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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. 2020 Level: beginner Could Working Time Reduction Policies Save People and the Planet? Patrick Léon Gross, Laura Wedemeyer, Caroline Schenck, and Bettina Chlond Exploring Economics 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. 2019 Level: beginner Beginner’s Guide to Neoliberalism New Economics Foundation New Economics Foundation 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: advanced Financialization and the crises of capitalism Petra Dühnhaupt Institute for International Political Economy Berlin 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. 2016 Level: advanced Agent-based models: understanding the economy from the bottom up Arthur Turrell Bank of England Modern authors have identified a variety of striking economic patterns, most importantly those involving the distribution of incomes and profit rates. In recent times, the econophysics literature has demonstrated that bottom incomes follow an exponential distribution, top incomes follow a Pareto, profit rates display a tent-shaped distribution. This paper is concerned with the theory underlying various explanations of these phenomena. Traditional econophysics relies on energy-conserving “particle collision” models in which simulation is often used to derive a stationary distribution. Those in the Jaynesian tradition rely on entropy maximization, subject to certain constraints, to infer the final distribution. This paper argues that economic phenomena should be derived as results of explicit economic processes. For instance, the entry and exit process motivated by supply decisions of firms underlies the drift-diffusion form of wage, interest and profit rates arbitrage. These processes give rise to stationary distributions that turn out to be also entropy maximizing. In arbitrage approach, entropy maximization is a result. In the Jaynesian approaches, entropy maximization is the means. 2019 Level: advanced The Econ in Econophysics Anwar Shaikh New School for Social Research, Department of Economics The current Great Recession, the worst crisis that capitalism has faced since the Great Depression, has failed, at least so far, to generate a change in the teaching and practice of Macroeconomics. This seems bizarre as if nothing has happened and the economists are just going about doing business as usual. In light of this, the current paper attempts to address how Macroeconomics ought to be taught to students at the advanced intermediate level, which gives them an overall perspective on the subject. Level: beginner Plurality in Teaching Macroeconomics Rohit Azad New School for Social Research, Department of Economics This paper surveys the development of the concept of socialism from the French Revolution to the socialist calculation debate. Karl Marx’s politics of revolutionary socialism led by an empowered proletariat nurtured by capital accumulation envisions socialism as a “top-down” system resting on political institutions, despite Marx’s keen appreciation of the long-period analysis of the organization of social production in the classical political economists. Collectivist thinking in the work of Enrico Barone and Wilfredo Pareto paved the way for the discussion of socialism purely in terms of the allocation of resources. The Soviet experiment abandoned the mixed economy model of the New Economic Policy for a political-bureaucratic administration of production only loosely connected to theoretical concepts of socialism. The socialist calculation debate reductively recast the problem of socialism as a problem of allocation of resources, leading to general equilibrium theory. Friedrich Hayek responded to the socialist calculation debate by shifting the ground of discussion from class relations to information revelation 2017 Level: beginner Socialist alternatives to capitalism I: Marx to Hayek Duncan Foley New School for Social Research, Department of Economics South Africa’s taxi industry was established by black people in the 1930s and has faced numerous challenges, including those posed by decades of apartheid laws. Covid-19 has highlighted contemporary challenges facing the industry and has also raised questions about how it can keep ‘driving forward’. This podcast explores questions such as what changes need to be made, and who can be the ‘drivers’ of such change. 2021 Level: advanced Driving Forward Social and Solidarity Economy: The Case of South Africa's Taxi Industry Maria Fustic, Georgia Pagiavla, Paloma Chuquín Alarcón, Jing-Syuan Wong, Georgia Pagiavla, Paloma Chuquín Alarcón, Jing-Syuan Wong Exploring Economics The world is regularly shaken by crises some are bigger others are smaller in scope Local turmoil military conflicts commodity scarcity bank runs health threats the history of mankind can be written as a history of crises Three major global crises occurred in the last fifty years alone the oil … 2021 Level: beginner Understanding Crises - What to take from here for better policy advice in the future? Dr. Carolina Alves, Prof. Dr. Ishac Diwan Exploring Economics Public lectures on some Traditional Economic Solutions to poverty in Nigeria, specifically the Igbo Apprentice System, Yoruba Ajo Thrift Savings, and Hausa Integral Communalism. 2021 Level: expert Traditional Wealth Creation Schemes in Nigeria Dr Sam Amadi, Dr Oyewale Ayodele, Barr Sam Hart Rethinking Economics The Uploaders (RETU) In this course we will critically analyze both economic theory and economic life through the lens of gender. Topics covered include: a critical examination of gender patterns and trends in the household, labor market, and the firm; issues concerning gender inequalities in the economy. 2014 Level: beginner Gender and the Economy Şemsa Özar Boğaziçi University What determines the status of women in different communities? What role is played by women’s labor (inside and outside of the home)? By cultural norms regarding sexuality and reproduction? By racial/ethnic identity? By religious traditions? After some brief theoretical grounding, this course will address these questions by examining the economic, political, social, and cultural histories of women in the various racial/ethnic groups that make up the US today. 2017 Level: beginner Political Economy of Women Kimberly Christensen Sarah Lawrence College This lecture course, which will be taught in English, will deal with gender issues in developing countries. After providing an overview of the gender differences in various aspects of welfare and economic life, the course will then tackle a number of specific issues. Level: advanced Gender and Development Stephan Klasen and Teaching Assistants Bumi Camara and Merle Kreibaum Department of Economics University of Göttingen Aim of this intensive workshop is 1.) to introduce the participants to the macroeconomic workings of the climate crisis as the background of sustainable finance; 2.) to introduce financial assets with ESG (Environmental, Social and Governance) criteria attached to them and their markets and important institutional players; 3.) to provide a critical perspective on the current setup of sustainable finance; 4.) and to work on in-depth case studies illustrating the workings on ESG-finance markets, its emitters and traders as well as their macroeconomic implications. 2022 Level: beginner Sustainable Finance – Hoax or necessity. A global perspective Anne Löscher Summer Academy 2022 for Pluralist Economics This invaluable volume brings together seminal articles with a significant behavioural content on various areas in macroeconomics. 2012 Level: advanced Behavioural Macroeconomics Ian Martin McDonald Edward Elgar By focusing on the human side as well as the intellectual dimensions of how economists work and think, this collection of interviews with top economists of the 20th century becomes a startling and lively introduction to the modern world of macroeconomics. 2006 Level: advanced Inside the Economist's Mind Paul A. Samuelson, William A. Barnett Wiley With a focus on Chile, Pinochet’s Economic Accomplices: An Unequal Country byForce uses theoretical arguments and empirical studies to argue that focusing onthe behavior of economic actors of the dictatorship is crucial to achieve basic objectivesin terms of justice, memory, reparation, and non-repetition measures. 2021 Level: advanced Pinochet's Economic Accomplices Juan Pablo Bohoslavsky; Karinna Fernández Neira; Sebastián Smart Rowman & Littlefield This edited volume explores how dependency theories can be adapted and applied to understand limits and possibilities for development in Latin America and Europe It explores core periphery relations across different sets of countries specific mechanisms of dependency as well as the role of race and gender in dependency analysis … 2021 Level: advanced Dependent Capitalisms in Contemporary Latin America and Europe Aldo Madariaga, Stefano Palestini Springer Nature Surviving the Future is a story drawn from the fertile ground of the late David Fleming's extraordinary 'Lean Logic: A Dictionary for the Future and How to Survive It'. That hardback consists of four hundred and four interlinked dictionary entries, inviting readers to choose their own path through its radical vision. Recognizing that Lean Logic's sheer size and unusual structure can be daunting, Fleming's long-time collaborator Shaun Chamberlin has selected and edited one of these potential narratives to create Surviving the Future. The content, rare insights, and uniquely enjoyable writing style remain Fleming's, but are presented here at a more accessible paperback-length and in conventional read-it-front-to-back format 2016 Level: beginner Surviving the Future David Fleming Chelsea Green Publishing The leading edges of economic thinking in the early 21st century are marked by a nascent pluralism - a positive valuing of difference and complexity - regarding the nature and evolution of human behaviour and economic organization. Economic Pluralism brings these pluralist sensibilities to the fore. 2009 Level: advanced Economic Pluralism Robert F. Garnett, Erik K. Olsen, Martha A. Starr Routledge

Are humans at their core seekers of their own pleasure or cooperative members of society? Paradoxically, they are both. Pleasure-seeking can take place only within the context of what works within a defined community, and central to any community are the evolved codes and principles guiding appropriate behavior, or morality. 2013 Level: advanced From Pleasure Machines to Moral Communities Geoffrey M. Hodgson University of Chicago Press The bestselling classic that examines the history of economic thought from Adam Smith to Karl Marx—“all the economic lore most general readers conceivably could want to know, served up with a flourish” (The New York Times). The Worldly Philosophers not only enables us to see more deeply into our history but helps us better understand our own times. In this seventh edition, Robert L. Heilbroner provides a new theme that connects thinkers as diverse as Adam Smith and Karl Marx. 1999 Level: beginner The Worldly Philosophers Robert L. Heilbroner Touchstone Representing everyone An Analysis of the Representation of Migrant Women by official Labour Organizations in Germany Author Tess Herrmann Review Deborah Sielert This is an essay of the writing workshop Gender and the Economy Perspektives of Feminist Economics published on 17 May 2017 updated on 16 August 2017 Why we … 2017 Level: beginner Representing everyone – Migrant Women's Representation by Labour Organizations in Germany Tess Herrmann Exploring Economics Due to the IMF’s focus on gender budgeting, this essay will mainly examine its gender budgeting recommendations as an example of its general inclination towards gender issues and its conception of gender equality. What does the IMF’s focus on gender equality really mean from a critical feminist perspective? What are its main objectives? What does it seek to change and to maintain? What concept or idea of women does it follow and what are the underlying theoretical foundations? 2017 Level: beginner The Gender strategy of the IMF: The way to go towards gender equality or a mere instrumentalisation of feminism? Lisa Weinhold and Carolin Brodtmann Exploring Economics In this essay the author elaborates on the EU's perspective on the fast growing sector of the platform economy. 2019 Level: beginner Sharing is Caring? On the EU- Narrative on Platform Economy Laura Porak Exploring Economics It is perhaps fitting that the seriousness of the coronavirus threat hit most of the Western world around the Ides of March, the traditional day of reckoning of outstanding debts in Ancient Rome. After all, problems and imbalances have accumulated in the Western capitalist system over four decades, ostensibly since it took the neoliberal road out of the 1970s crisis and kept going along it, heedless of the crises and problems it led to. 2020 Level: beginner The Unexpected Reckoning: Coronavirus and Capitalism Radhika Desai Canadian Dimesion Whether a black swan or a scapegoat, Covid-19 is an extraordinary event. Declared by the WHO as a pandemic, Covid-19 has given birth to the concept of the economic “sudden stop.” We need extraordinary measures to contain it. 2020 Level: beginner Triggering a Global Financial Crisis: Covid-19 as the Last Straw T Sabri Öncu Counterpunch, Prime An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution 2020 Level: advanced The Fourth Industrial Revolution: Economic Impact and Possible Disruptions Emmanuel Obijole Exploring Economics An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution 2020 Level: advanced The Role of Women in the Fourth Industrial Revolution Damilola Phebean Owasanoye Exploring Economics An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution 2020 Level: advanced The Role of Women in the Fourth Industrial Revolution Peter Ogundairo Exploring Economics Mariana Mazzucato explains how we lost sight of what value means and why we need to rethink our current financial systems so capitalism can be steered toward a bold, innovative and sustainable future that works for all of us. 2019 Level: beginner What is economic value, and who creates it? Mariana Mazzucato TedTalks 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: advanced Finance and Crisis: Marxian, Institutionalist and Circuitist approaches Georgios Argitis, Trevor Evans, Jo Michell, Jan Toporowski Institute for International Political Economy Berlin

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