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This chapter by the Centre for Economy Studies explores how courses on the history of economic thought and methods could look if they were pluralist and interdisciplinary. 2021 Level: beginner Rethinking the History of Economic Thought & Methods Sam de Muijnck and Joris Tieleman Economy Studies The novel coronavirus (Covid-19) is rapidly spreading around the world. The real economy is simultaneously hit by a supply shock and a demand shock by the spread of coronavirus. Such a twin shock is a rare phenomenon in recent economic history. 2020 Level: beginner How to Manage the Economic Fallout of the Coronavirus Kavaljit Singh Madhyam In this essay, the author takes a critical perspective on the pursuit of growth as the solution for providing for environmental sustainability and economic stability in the countries of Central and Eastern Europe. Drawing from the framework of dependency theory and presenting brief insights into European core-periphery relations the author then argues for the implementation of an alternative strategy to development that is built around the concept of self-reliance. 2018 Level: advanced Dependency in Central and Eastern Europe - Self-reliance and the need to move beyond economic growth Simon Schoening Exploring Economics Croatia adopted the euro as its currency on 1 January 2023, becoming the 20th member state of the eurozone. In this teaching pack, students learn what it entails to join the eurozone and discuss what its effects might be. In this way, the case helps students connect theoretical insights about monetary unions with real world knowledge and economic developments in the news. 2023 Level: beginner Croatia adopts the euro – Economy Studies Economy Studies Economy Studies "Bank Underground" is the staff blog of the Bank of England, founded to publish the views and insights of the people working for one of the world's oldest central banks. The blog covers a wide range of macroeconomic topics, mostly linked to the effects of monetary policy, of course, but not all the time. It provides timely, relevant analysis of contemporary challenges in economic policy and is thus often a perfect primer. Level: advanced Bank Underground Various staff of the 'Old Lady in Threadneedle Street' Bank of England staff blog The Lecturer Prof. Francesco Lissoni presents basic concepts of the Economics of Innovation. Firstly, he distinguishes between invention, innovation and diffusion and relates innovation to economic growth. Subsequently, he elucidates learning and network effects. 2012 Level: advanced Economics of Innovation 1/2 Francesco Lissoni Alta Scuola Politecnica In order to describe the global structure of the monetary and financial system and its effects on the global economy, most economics textbooks rely on unappropriated theories that provide nothing but outdated descriptions. In this talk, key speakers in economics, economic history and banking try to make this complex system a little more understandable by relying on real-world insights. 2016 Level: advanced Global Money: Past, Present, Future Perry Mehrling, Adam Tooze, Patricia Mosser, Phil Prince and Katharina Pistor (moderator) Columbia Global Thought What influence do changes in tax policy or state decisions on expenditure have on economic growth? For decades, this question has been controversially debated. 2020 Level: advanced What is the fiscal multiplier and why is it so controversial? Sebastian Gerchert Exploring Economics This article applies insights from behavioral economics to consider how the general public may make decisions around whether or not to receive a future COVID-19 vaccine in a context of frequent side effects and preexisting mistrust. Three common cognitive biases shown to influence human decision-making under a behavioral economics framework are considered confirmation bias, negativity bias, and optimism bias. 2021 Level: advanced A behavioral economics perspective on the COVID-19 vaccine amid public mistrust. SALESKA, Jessica Londeree and CHOI, Kristen R. Society of Behavioral Medicine 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 The workshop deals with the contribution of Plural Economics to the urgently  needed change of the economic system towards sustainability and global  responsibility.  After completing the module, participants should be able to demarcate and  explain different economic approaches to sustainability. They should be able to  evaluate the respective concepts based on their contribution to the ecological  transformation of the economic system. 2022 Level: beginner Pluralist Economics for a Sustainable Economic Future Sarah Lange Summer Academy 2022 for Pluralist Economics John Maurice Clark’s article “The Changing Basis of Economic Responsibility,“ published in the Journal of Political Economy, is the topical starting point for all scholars interested in economic responsibility and responsible economic action. 2017 Level: advanced Economic Responsibility Michaela Haase Springer A systematic comparison of the three major economic theories, showing how they differ and why these differences matter in shaping economic theory and practice.

Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. 2012 Level: advanced Contending Economic Theories Richard D. Wolff, Stephen A. Resnick MIT Press This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes intrinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the European economic crisis, which to some extent already reflects the structural theoretical framework presented in chapter three. Regarding the theoretical framework Michael Heinrich's interpretation of 'the' Marxian monetary theory of value will be presented. Heinrich identifies connections between production and realization, between profit and interest rate as well as between industrial and fictitious capital, which represent contradictory tendencies for which capitalism does not have simple balancing processes. In the context of a discussion of 'structural logical aspects' of Marx's Critique of the Political Economy, explanatory deficits of Heinrich's approach are analyzed. In the following, it is argued that Fred Moseley's view of these 'structural logical aspects' allows empirical 'applications' of Marxian monetary theories of value. It is concluded that a Marxian monetary theory of value, with the characteristics of expansive capital accumulation and its limitations, facilitates a structural analysis of the European economic crisis from 2007 onwards. In this line of argument, expansive production patterns are expressed, among other things, in global restructuring processes, while consumption limitations are mitigated by expansive financial markets and shifts in ex-port destinations. 2019 Level: expert The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation Sascha Gander Institute for International Political Economy Berlin Approaching the law of nature that determines all forms of economy. The bulk of economic theory addresses the economic process by setting out on a catalogue of aspects, seeking the laws in the aspects and hoping to get together a reliable view of the whole. 2019 Level: advanced Economic theory, methodology, and secure foundations Dr. Alec A. Schaerer Exploring Economics 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 By conducting a discourse analysis (SKAD) in the field of academic economics textbooks, this paper aims at reconstructing frames and identity options offered to undergraduate students relating to the questions ‘Why study economics?’ and ‘Who do I become by studying economics?’. The analysis showed three major frames and respective identity offerings, all of which are contextualized theoretically, with prominent reference to the Foucauldian reflection of the science of Political Economy. Surprisingly, none of them encourages the student to think critically, as could have been expected in a pedagogical context. Taken together, economics textbooks appear as a “total structure of actions brought to bear upon possible action” (Foucault), therefore, as a genuine example of Foucauldian power structures. 2019 Level: beginner The power of economic textbooks: A discourse analysis Lukas Bäuerle Institute of Economics and Philosophy Cusanus Hochschule Economic theory must distinguish between publicly owned and privately owned property if it is to account for the effect of institutions on the behavior of individuals. Careful study of the theories of Marxists and the real-world experience in the Soviet economy offer important lessons and insight for economic modeling and the ongoing development of theory. In this course, Marxist/Leninist theory and Soviet reality will be studied with an open mind, and with the goal of taking lessons from the case study. To what extent was the Soviet economy an accurate expression of Marxist theory? If Marxism were tried somewhere else would the results be the same? 2014 Level: advanced Economic History of the Soviet Union Guinevere Liberty Nell University of Warwick In this interview, the political activist, author and lecturer Dr. Vandana Shiva explains the linkage between ecology, feminism and economics along the lines of current effects and implications of the Corona-Crisis in India and around the world. 2020 Level: beginner Ecology, feminism and economics in times of Covid-19 pandemic Dr. Vandana Shiva Cusanus Hochschule für Gesellschaftsgestaltung In the fifth part of the Economics of COVID-19 Webinar by SOAS, Jo Michell sketches out the effects of the COVID-19 pandemic on the wider macroeconomy and warns against a resurgence of austerity politics. 2020 Level: advanced Will Coronavirus Mean the End of Austerity? The Macroeconomics of the COVID-19 Crisis SOAS Open Economics Forum, SOAS Economics Department, Jo Michell SOAS University of London In this keynote lecture during the conference „The Spectre of Stagnation? Europe in the World Economy“, Till van Treek presents research on how changes in income distribution lead to macroeconomic instability and crisis, focusing on currents accounts. Treek presents the relative income hypothesis in contrast to other mainstream and Post-Keynesian explanations. The relative income hypothesis proposes that aggregate demand increases and savings decrease with rising personal income inequality due to upward looking status comparison – but effects depend on the quantile where income inequality increases. Treek points to the importance of accounting for both income and functional income distribution and underlines his arguments with data comparing different pattern in Germany and the U.S. 2015 Level: expert Macroeconomics of inequality & instability - Inequality, imbalances and the crisis Till van Treeck IMK How did the coronavirus almost bring down the Global Financial System? What effects does monetary policy have on inequality? What role do Central Banks have in the social-ecological transformation? How could Central Banks tackle climate change? What is Central Bank Digital Currency? 2021 Level: advanced Next Generation Central Banking Finanzwende e.V. & Heinrich-Böll-Stiftung, various Transformative Responses, Heinrich-Böll-Foundation & Finanzwende This short video visualizes the destabilizing effects financial markets can have on food prices, based on a paper by Jayati Ghosh. It introduces and explains the idea of future contracts and how those are used to speculate with basic food stuffs. After establishing the concepts, the video sketches out how the increase in those practices resulted in a substantial rise and later collapse of food prices around 2008 with severe consequences for many developing countries and their people. 2021 Level: beginner Food and Finance Jezri Krinsky blobMetropolis Understanding the American stock market boom and bust of the 1920s is vital for formulating policies to combat the potentially deleterious effects of busts on the economy. 2014 Level: advanced The Great Crash of 1929 A. Kabiri Springer In the debate about a sustainable and livable future, the critique of work is an essential perspective. In this contribution, Maja Hoffmann explores the tension between the environmentally harmful effects of work on the one hand and the systematic compulsion of work on the other. 2024 Level: beginner How can post-work (critiques of work) enrich the climate debate? Maja Hoffmann Economists for Future Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2020 Level: advanced Impact of FDI on economic growth: The role of country income levels and institutional strength Tamar Baiashvili, Luca Gattini European Investment Bank This is an overview of (possibly transformative) proposals to address the economic consequences of the corona crisis 2020 Level: beginner Overview of proposals to combat the economic consequences of the Corona crisis Hannes Böhm, Anne Löscher & Jorim Gerrard Exploring Economics This syllabus provides an overview of the contents of the course "Understanding Economic Models" at the University of Helsinki. 2018 Level: beginner Understanding Economic Models N. Emrah Aydinonat, Michiru Nagatsu University of Helsinki The course will teach students to analyze the goals, implementation, and outcomes of economic policy. 2019 Level: advanced Advanced Economic Policy Alyssa Schneebaum Vienna University of Economics and Business

The 2007-2008 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory, this book contributes to the rebuilding of the discipline.

2019 Level: advanced Alternative Approaches to Economic Theory Víctor A. Beker Routledge As opposed to the conventional over-simplified assumption of self-interested individuals, strong evidence points towards the presence of heterogeneous other-regarding preferences in agents. Incorporating social preferences – specifically, trust and reciprocity - and recognizing the non-constancy of these preferences across individuals can help models better represent the reality. 2019 Level: advanced A fresh perspective to economic theory: Social preferences and their impact on gender and policy Sheral Shah Exploring Economics Steven G. Medema is a Research Professor at Duke University. His research focuses on the History of Economic Thought, having published extensively on the issue of social costs of production (conceptualized as externalities in neoclassical economics). In this recorded seminar, he exposes his working paper on the history of the concept of externalities in economic literature, starting from Pigou’s “The Economics of Welfare” (1920), where Pigou makes the case for governmental intervention in the market where there is a divergence between private and social costs or benefits of a productive activity. T 2017 Level: advanced 'Exceptional and Unimportant'? The Rise, Fall, and Rebirth of Externalities in Economic Analysis Steven G. Medema Ceteris Never Paribus: The History of Economic Thought Podcast

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