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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. 2020 Level: beginner Lessons From Economic Partnership Agreements to the Post- Cotonou Framework Yao Graham Post-Colonialisms Today: postcolonialisms.regionsrefocus.org Understanding the financial crisis from four very different economic theories: Social Economics, Institutional Economics, Post Keynesian economics. Level: beginner Economics from a pluralist perspective Prof. Dr. Irene van Staveren, Prof. Dr. Rob van Tulder, Maria Dafnomili (PhD researcher) Erasmus University Rotterdam The blog post by Marc Lavoie contrasts what he perceives as the two main interpretations of the current inflationary tendencies (the 'excessive demand inflation' story and the 'profit inflation' story) and contrasts them with a third interpretation. This interpretation acknowledes rising profits but argues in favor of a different mechanism that centers on changes in the relative composition of costs. 2023 Level: advanced Some controversies in the causes of the post-pandemic inflation Marc Lavoie Monetary Policy Institute Blog Pluriverse: A Post-Development Dictionary contains over one hundred essays on transformative initiatives and alternatives to the currently dominant processes of globalized development, including its structural roots in modernity, capitalism, state domination, and masculinist values. 2019 Level: beginner Pluriverse: A Post-Development Dictionary Ashish Kothari, Ariel Salleh, Arturo Escobar, Alberto Acosta, Federico Demaria Tulika Books and Authorsupfront This book demonstrates the continuing relevance of economics for understanding the world, through a restatement of the importance of plurality and heterodox ideas for teaching and research. 2017 Level: advanced Post-Crash Economics Feraboli, Omar; Morelli, Carlo J. (eds.) Palgrave Macmillan This video provides a brief introduction to post-keynesian economics and how the school of thought would tackle climate change. 2020 Level: beginner Clips on Climate: Postkeynesian Economics Henrika Meyer Rethinking Economics This book is a collection of Steve Keen's influential papers published over the last fifteen years. The topics covered include methodology, microeconomics, and the monetary approach to macroeconomics that Keen - along with many other non-mainstream economists - has been developing. 2016 Level: advanced Developing an Economics for the Post-crisis World Steve Keen College Publications This lecture was held in the context of the a two day conference called Which pluralism for thinking about how to achieve a more sustainable and resilient economy The practices institutions and system logics of today s economy are not suitable for appropriately addressing fundamental human needs The climate crisis … 2021 Level: beginner Caring the Care Sector - Contributions of Feminist Macroeconomics to Economics in the Post-COVID Era Izaskun Zuazu Conference "Which Pluralism?" Jo Michell discusses some key implications of climate change regarding the standard policy prescriptions of Post-Keynesian economics, particularly relating to the possible necessity of consumption constraints and the presence of recurrent inflation. 2022 Level: beginner Macroeconomic Policy Coordination: A New Approach for the End of Abundance Jo Michell Hans-Böckler-Stiftung In spite of the manifold critique about the state of economics in the aftermath of the financial crisis, an even increasing presence of economists and economic experts can be observed in the public sphere during the last years. On the one hand this reflects the still dominant position of economics in the social sciences as well as the sometimes ignorant attitude of economists towards findings of other social sciences. On the other hand this paper shows that the public debate on politico-economic issues among economists is dominated by a specific subgroup of economists, tightly connected to an institutional network of “German neoliberalism”. This group of “public economists” (i) is dominant in public debates even after the financial crisis, (ii) reproduces the formative German economic imaginary of the Social Market Economy in a German neoliberal interpretation and (iii) has a good access to German economic policymaking, rooted in a long history of economic policy advice. 2016 Level: advanced Still the queens of social sciences? (Post-)Crisis power balances of “public economists” in Germany Stephan Pühringer Institut für Ökonomie und Philosophie Cusanus Hochschule From the Dissolution of the Soviet Union to the Conflict in Ukraine The breakup of the Soviet Union led to the creation of new states and territorial conflicts of different levels of intensity Scrutinising the post Soviet period this volume offers explanations for both the frequency and the intensity of … 2021 Level: advanced Crises in the Post-Soviet Space Felix Jaitner, Tina Olteanu, Tobias Spöri (ed.) Taylor & Francis Limited If there’s one method economists have neglected the most, it’s qualitative research. Whereas economists favour mathematical models and statistics, qualitative research seeks to understand the world through intensive investigation of particular circumstances, which usually entails interviewing people directly about their experiences. While this may sound simple to quantitative types the style, purpose, context, and interpretation of an interview can vary widely. Because of this variety, I have written a longer post than usual on this topic rather than doing it a disservice. Having said that, examples of qualitative research in economics are sadly scant enough that it doesn’t warrant multiple posts. In this post I will introduce qualitative research in general with nods to several applications including the study of firm behaviour, race, Austrian economics, and health economics. More than usual I will utilise block quotes, which I feel is in the spirit of the topic. 2020 Level: beginner Qualitative Methods in Economics: "You Can Observe a Lot Just by Watching" Cahal Moran Rethinking Economics This paper presents an overview of different models which explain financial crises, with the aim of understanding economic developments during and possibly after the Great Recession. In the first part approaches based on efficient markets and rational expectations hypotheses are analyzed, which however do not give any explanation for the occurrence of financial crises and thus cannot suggest any remedies for the present situation. A broad range of theoretical approaches analyzing financial crises from a medium term perspective is then discussed. Within this group we focused on the insights of Marx, Schumpeter, Wicksell, Hayek, Fisher, Keynes, Minsky, and Kindleberger. Subsequently the contributions of the Regulation School, the approach of Social Structures of Accumulation and Post-Keynesian approach, which focus on long-term developments and regime shifts in capitalist development, are presented. International approaches to finance and financial crises are integrated into the analyses. We address the issue of relevance of all these theories for the present crisis and draw some policy implications. The paper has the aim to find out to which extent the different approaches are able to explain the Great Recession, what visions they develop about future development of capitalism and to which extent these different approaches can be synthesized. 2015 Level: advanced Theories of finance and financial crisis: Lessons for the Great Recession Nina Dodig, Hansjörg Herr Institute for International Political Economy Berlin 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 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 Economist and politician Costas Lapavitsas: presents differing theoretical definitions of financialization, namely from Marxist and Post-Keynesian thinkers and compares their approaches. By presenting pattern and features of the economic and financial crisis, he interprets the latter as a crisis of financialization. Lapavitsas emphasizes his arguments by presenting data from the U.S. and Germany on the transformation of business, banks and households. 2015 Level: beginner The Financialisation of Capitalism Costas Lapavitsas Netzwerk Plurale Ökonomik The outbreak of COVID-19 has substantially accelerated the digitalization of the economy. Yet, this unprecedented growth of digital technology brought novel challenges to the labour market. Rise in income inequalities and precarious working conditions or polarization of jobs. In this essay, we try to assess what tools to use to counter these trends. 2021 Level: beginner Post-pandemic future of work - How does digitization impact labour? Neha Chauhan, Miguel Corredera, Krystian Lukasik, Filipa Reis Exploring Economics This lecture was held in the context of the a two day conference called Which pluralism for thinking about how to achieve a more sustainable and resilient economy The practices institutions and system logics of today s economy are not suitable for appropriately addressing fundamental human needs The climate crisis … 2021 Level: beginner Embracing speculation and liquid identity: The case of the entrepreneur in a post crisis world Wyatt Constantine Conference "Which Pluralism?" 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 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 book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. 2016 Level: advanced A History of Macroeconomics from Keynes to Lucas and Beyond Vroey, Michel de Cambridge University Press The Routledge Handbook of Feminist Economics presents a comprehensive overview of the contributions of feminist economics to the discipline of economics and beyond. Each chapter situates the topic within the history of the field, reflects upon current debates, and looks forward to identify cutting-edge research. Consistent with feminist economics' goal of strong objectivity, this Handbook compiles contributions from different traditions in feminist economics (including but not limited to Marxian political economy, institutionalist economics, ecological economics and neoclassical economics) and from different disciplines (such as economics, philosophy and political science). The Handbook delineates the social provisioning methodology and highlights its insights for the development of feminist economics. The contributors are a diverse mix of established and rising scholars of feminist economics from around the globe who skilfully frame the current state and future direction of feminist economic scholarship. This carefully crafted volume will be an essential resource for researchers and instructors of feminist economics. 2023 Level: beginner The Routledge Handbook of Feminist Economics Günseli Berik, Ebru Kongar (Editors) Routledge How do people make decisions? There is a class of models in psychology which seek to answer this question but have received scant attention in economics despite some clear empirical successes. In a previous post I discussed one of these, Decision by Sampling, and this post will look at another: the so-called Fast and Frugal heuristics pioneered by the German psychologist Gerd Gigerenzer. Here the individual seeks out sufficient information to make a reasonable decision. They are ‘fast’ because they do not require massive computational effort to make a decision so can be done in seconds, and they are ‘frugal’ because they use as little information as possible to make the decision effectively. 2020 Level: beginner Bounded Rationality: the Case of ‘Fast and Frugal’ Heuristics Cahal Moran Rethinking Economics In this roundtable conversation, Post-Colonialisms Today members, Omar Ghannam, Kareem Megahed and Tetteh Hormeku-Ajei, look to policies from early post-independence Africa to tackle issues exacerbated by the COVID- 19 pandemic. 2020 Level: beginner Lessons from Africa’s past to cope with COVID-19 Omar Ghannam, Kareem Megahed, Tetteh Hormeku-Ajei Post-Colonialisms Today: postcolonialisms.regionsrefocus.org This lecture acts as an introduction to the Macroeconomics course (ECON 720) at John Jay College. Throughout the lecture, the classical and Keynesian conceptions of macroeconomic relationships are contrasted. 2021 Level: beginner Macroeconomics with J.W. Mason, Lecture 0: Introduction J.W. Mason The Economics Department of John Jay College of the City University of New York (CUNY) Post-Colonialisms Today researcher Chafik Ben Rouine looks to Tunisia’s post-independence central banking method to provide insight on what progressive monetary policy can look like. 2020 Level: beginner Monetary Policy for Development, During and Beyond Crisis Chafik Ben Rouine Post-Colonialisms Today: postcolonialisms.regionsrefocus.org Post-Colonialisms Today researchers Kareem Megahed and Omar Ghannam explain how early post-independence Egypt sought economic independence via industrialization. 2020 Level: advanced Achievements of Egypt’s Industrialization Project Kareem Megahed, Omar Ghannam, Heba Khalil Post-Colonialisms Today: postcolonialisms.regionsrefocus.org In this book, Kalyan Sanyal reviews the traditional notion of capitalism and propounds an original theory of capitalist development in the post-colonial context. In order to substantiate his theory, concepts such as primitive accumulation, governmentality and post-colonial capitalist formation are discussed in detail. 2013 Level: beginner Rethinking Capitalist Development Kalyan Sanyal Routledge The Austrian tradition in economic thought had a profound influence on the development of post-war economics including neoclassical orthodoxy, game theory, public choice, behavioral economics, experimental economics and complexity economics. 2008 Level: advanced Explorations in Austrian Economics Roger Koppl Emerald Group Publishing In this post, Rethinking Economics sets out what it means to decolonise economics education and how we can do that. The article first breaks decolonising down into a "mind-set" and a "process", then applies this process to economics education. It finishes with a reading list and some suggested actions to get you started decolonising economics today. 2019 Level: beginner Let's Decolonise Economics Education! Ali Al-Jamri Rethinking Economics This open access book presents an alternative to capitalism and state socialism through the modelling of a post-market and post-state utopia based on an upscaling of the commons, feminist political economy and democratic and council-based planning approaches. 2022 Level: beginner Make Capitalism History Simon Sutterlütti, Stefan Meretz Springer International Publishing This course is an introduction to macroeconomics with a specific focus on the euro area. The theoretical part provides a critical presentation of the two key macroeconomic models: the (neo)classical approach and the Keynesian approach. This allows a comparative analysis of important macroeconomic topics: - unemployment - inflation - government debt and Modern Monetary Theory - banks and financial crises. The policy-oriented part discusses the monetary policy of the ECB and the specific challenges for fiscal policy in the euro area. The course also presents other euro area specific topics: Optimum currency area, euro crises, Next Generation EU and Green New Deal. 2018 Level: beginner European Macroeconomics Prof. Peter Bofinger University of Würzburg

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