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Aim of this intensive workshop is to understand macroeconomic workings of climate change as as the background of sustainable finance; to analyse financial assets with ESG (Environmental, Social and Governance) criteria attached to them and their markets and important institutional players; to develop a critical perspective on the current setup of sustainable finance; and to synthesise this knowledge by applying it on in-depth case studies.
Sustainable Finance
Taking as its starting point the interdependence of the economy and the natural environment, this book provides a comprehensive introduction to the emerging field of ecological economics.
Ecological Economics
Reflecting his own concerns about the contribution economics could make to the betterment of society, Eli Ginzberg published this study of Smith's humanitarian views on commerce, industrialism, and labor. Written for his doctoral degree at Columbia University, and originally published as The House of Adam Smith, the book is divided into two parts.
Adam Smith and the Founding of Market Economics
"Specialise!" is the advice often given by career advisers, school teachers and the like. David Epstein takes the opposite position: In an ever more specialised, highly complex world, it pays to have good old-fashioned broad common knowledge in as many areas as you take interest in, both in terms of intellectual curiosity and professional success. To have a decent grasp of various aspects of life means to be able to discern the links between them, thus developing a better understanding of how our world works and what drives events as they unfold.
Range
The article compares market fundamentalism and right-wing populism on the basis of its core patterns of thinking and reasoning. Based on an analysis of important texts in both fields we find many similarities of these two concepts in their "inner images". Thus, we develop a scheme of the similar dual social worlds of right-wing-populism and market fundamentalism and offer some recent examples of market fundamentalism and right-wing populism mutually reinforcing each other or serving as a gateway for each other. We then apply our scheme for the analysis of the recent political developments and its ideological roots in the US under Donald Trump.
Right-wing populism and market-fundamentalism: Two mutually reinforcing threats to democracy in the 21st century
This Companion takes stock of the trajectory, achievements, shortcomings and prospects of Marxist political economy. It reflects the contributors' shared commitment to bringing the methods, theories and concepts of Marx himself to bear across a wide range of topics and perspectives, and it provides a testimony to the continuing purpose and vitality of Marxist political economy.
The Elgar Companion to Marxist Economics
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
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
In this lecture Ben Fine aims at stimulating interest for and explaining the relevance of Marxist Political Economy. Ben Fine dedicates the first half of his comprehensible lecture to the question on how mainstream economics became the way it is by explaining its key concepts and how those evolved during the past 150 years. While critically reflecting those concept he also emphasizes that mainstream economics does not consider historical processes. This is the point of departure on his presentation of the core terms and crucial categories of Marxist Political Economy: e.g. the production process and class relations (Part 1). Part 2 examines the consequences of the capitalist mode of production and its propensity to crises. Ben Fine illustrates this Marxist analysis with the example of the current crisis and explains current conditions for the accumulation of capital.
Introduction to Marxist Economics (Part 2)
In this lecture Ben Fine aims at stimulating interest for and explaining the relevance of Marxist Political Economy. Ben Fine dedicates the first half of his comprehensible lecture to the question on how mainstream economics became the way it is by explaining its key concepts and how those evolved during the past 150 years. While critically reflecting those concept he also emphasizes that mainstream economics does not consider historical processes. This is the point of departure on his presentation of the core terms and crucial categories of Marxist Political Economy: e.g. the production process and class relations (Part 1). Part 2 examines the consequences of the capitalist mode of production and its propensity to crises. Ben Fine illustrates this Marxist analysis with the example of the current crisis and explains current conditions for the accumulation of capital.
Introduction to Marxist Economics (Part 1)
In this lecture Mirowski claims that a good critique of and alternative to neoclassical economics should focus on microeconomics. In addition, he claims that mainstream economics is not about a specific "human nature", instead the understanding of markets (partially based on Hayek) is of special importance. As an alternative Mirowski proposes institutionalist economics that builds upon how markets work nowadays (e.g. links to computer science).
Should Economists be Experts in Markets or in Human Nature?
The first keynote speech was given by Sebastian Dullien, current spokesperson of FMM and who is one of the most well-known German economists in applied European economics and a very active contributor to the pluralist debate. Sebastian discusses the strategy of “running with the pack” by using orthodox methods to disseminate pluralist economics and politics. Referring to diverse examples Sebastian addresses the pros and cons of “running with the pack” and proposes alternative approaches to achieve more pluralism in economics.
How to promote alternative macroeconomic ideas: Are there limits to running with the (mainstream) pack?
The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians, Kaldorians, Institutionalists) and also in some strands of neo-Marxian economics, particularly in the monopoly capitalism and underconsumptionist school In this contribution, we will therefore outline the foundations of the principle of effective demand and its relationship with the respective notion of a capitalist or a monetary production economy in the works of Marx, Kalecki and Keynes. Then we will deal with heterodox short-run macroeconomics and it will provide a simple short-run model which is built on the principle of effective demand, as well as on distribution conflict between different social groups (or classes): rentiers, managers and workers. Finally, we will move to the long run and we will review the integration of the principle of effective demand into heterodox/post-Keynesian approaches towards distribution and growth.
The principle of effective demand: Marx, Kalecki, Keynes and beyond
In this webinar, Dr. Grieve Chelwa, Dr. Cecilia Lanata Briones and Professor Jayati Ghosh discuss what is meant by “Decolonising Economics”.
What Do We Mean By "Decolonising Economics"
Teaching feminist economics is a relatively new didactical project posing questions of content and methodology for instructors. The article proposes three possible topics with regard to the changing nature of the emergent research field: introducing feminist economics as a mode of questioning, showing its historicity and spectrum, and asking the question of a unifying paradigm.
Teaching Feminist Economics. Conceptual Notes and Practical Advice for Teaching a Subject in the Making
This live recording of the 3rd Season’s final episode is a plenary roundtable discussion at the 10th International Degrowth and 15th European Society for Ecological Economics Conference in Pontevedra with ecological economists Brototi Roy, Joshua Farley and Giorgos Kallis.
Degrowth – Ecological Economics – Post-development: Brothers or acquaintances?
Through contributions from leading authors, Issues in Heterodox Economics provides a critical analysis of the methodology of mainstream economics.
Issues In Heterodox Economics
Author of a dozen books in economics and history, she was formerly known as Donald. Her experience in changing gender is reflected in the new edition, but the message remains the same: economics needs to get serious about its rhetoric, and back to science.
The Rhetoric of Economics
The main goal of this website is to provide freely accessible resources on heterodox economics and examples of how it can be applied in Uganda’s context—and by extension, sub-Saharan Africa and the global South in general.
Open Economics Uganda (OEU)
Want to learn more about behavioural economics and its application to public policy? Take this free course from the Behavioural Economics Team of the Australian Government.
Behavioural insights for public policy
To explain the pronounced instability of the world economy since the 1970s, the book offers an important and systematic theoretical examination of money and finance.
Political Economy of Money and Finance
Microeconomics: A Critical Companion offers students a clear and concise exposition of mainstream microeconomics from a heterodox perspective.
Microeconomics - A Critical Companion
This paper offers an in-depth elaboration of Steven Fazzari's journey in academia within the context of the United States of America.
Interview of Steven Fazzari by Eckhard Hein and Gennaro Zezza
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
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?
"The New Classical Macroeconomics "gives an accessible, rigorous, critical account of the central doctrines of the new classical economics, without unnecessarily difficult mathematics. It focuses on four central issues: the foundation of monetary theory; monetary and fiscal policy; labour supply and business cycles; and the attack on econometric models.
The New Classical Macroeconomics
This Micro-Masters program on Circular Economy looks at the concept and its application from different angles, covering a very wide variety of topics (From Fossil Fuels to Biomass: A Chemistry Perspective; Circular Economy: An Interdisciplinary Approach; Economics and Policies in a Biobased Economy).
It offers a well-rounded, multidisciplinary perspective, using sciences and humanities together for a deeper understanding of the topic. A great start for newbies with Circular Economy!
The access to the course is for free, but you can also apply for full-time on-campus graduate-level programs, be it Wageninged or other universities.
Economics and Policies for a Circular Bio-Economy
In the inspiring interview on Economics of Care, Nancy Foblre takes a closer look to the consequences of the marketization of caring activities on those activities and on the societal organization of care. Folbre elaborates on how to value care and how this shifts the perspectives on living standards. She points to the fact, that caring activities are undervalued both in the market sphere and within the family and thereby questions the division between those spheres. Lastly, Folbre answers the question how to reteach Economics when accounting for caring activities.
The Economics of Care
The lectures were given by Steve Keen at the Exploring Economics Summer Academy 2017 in the workshop on Post Keynesian Economics The first lectures start with the role of money in a monetary economy and explain the macroeconomic significance of admitting the reality that banks create money The lectures continue …
Exploring Economics 2017 Lectures
Peter Boettke, Professor of Economics and Philosophy at George Mason University, talks about the history and the main methodological and epistemological tenets of the Austrian school. He argues that good economics is the mainline tradition of "squaring rational choice with the invisible hand theorem through institutional analysis".
The Austrian Tradition in Economics
In this short video 'Raghuram Rajan’s Dosa Economics Explained', the famous theory of Dr. Raghuram Rajan, ex-governor of Reserve Bank of India (RBI), Dosa Economics, has been explained using a very simple example of Dosa ( a delicacy of India). Here, Dr. Raghuram Rajan tries to explain that low interest rate and low inflation is much better than high interest rate and high inflation.
Raghuram Rajan’s Dosa Economics Explained
The postcolonial critique of Economics is one of the sharpest and most comprehensive indictments of the discipline highlighting the discipline s limited treatment of power and culture and the incompatibility of the discipline s theoretical frameworks and predictions with the contexts of most formerly colonised territories This interview of Prof …
"Postcolonialism meets Economics" A Discussion with Prof. Eiman Zein-Elabdin
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