Traditionally, economists have attributed consistency and rational calculation to the action of ‘economic man’. In a powerful challenge to orthodox thinking, Geoffrey Hodgson maintains that social institutions play a central and essential role in molding preferences and guiding action: institutions are regarded as enabling action rather than merely providing constraints. 1991 Level: advanced Economics and Institutions Geoffrey M. Hodgson Wiley Some economic events are so major and unsettling that they “change everything.” Such is the case with the financial crisis that started in the summer of 2007 and is still a drag on the world economy. Yet enough time has now elapsed for economists to consider questions that run deeper than the usual focus on the immediate causes and consequences of the crisis. 2013 Level: advanced Rethinking the Financial Crisis Alan S. Blinder, Andrew W. Loh, Robert M. Solow Russell Sage Foundation Is our knowledge of the world essentially rational What does it mean to be burdened with the gift of rationality Philosopher Corine Besson considers the nature of humanity s defining trait Corine Besson iai University of Sussex Level: beginner Knowledge and Rationality Corine Besson University of Sussex In this course you'll learn about the tools used by scientists to understand complex systems. The topics you'll learn about include dynamics, chaos, fractals, information theory, self-organization, agent-based modeling, and networks. Level: advanced Introduction to Complexity Melanie Mitchel, Santiago Guisasola Santa Fe Institute Game theory is the standard quantitative tool for analyzing the interactions of multiple decision makers. Its applications extend to economics, biology, engineering and even cyber security. Level: advanced Game Theory I - Static Games Justin Grana Santa Fe Institute Today it feels like everybody is talking about the problems and crises of our times: the climate and resource crisis, Greece's permanent socio-political crisis or the degrading exploitative practices of the textile industry. 2019 Level: beginner At the expense of others? Kopp, Becker, Decker, Eicker, Engelmann, Ia Eradze, Forster, Haller, Heuwieser, Hoffmann, Castelos, Podstawa, Shah, Siemons, Wenzel, Wolfinger I.L.A. Kollektiv Imperialism is not only about military force and political pressure applied by developed capitalist countries on less developed ones for economic gain It also has an everyday dimension Countless acts of production and consumption the current SUV boom being a prominent example draw on exploitation of resources and labour from … 2021 Level: beginner The Imperial Mode of Living Ulrich Brand, Markus Wissen Verso Books How do Airbnb and short-term rentals affect housing and communities? Locating the origins and success of Airbnb in the conditions wrought by the 2008 financial crisis, the authors bring together a diverse body of literature and construct case studies of cities in the US, Australia and Germany to examine the struggles of local authorities to protect their housing and neighborhoods from the increasing professionalization and commercialization of Airbnb. 2020 Level: beginner Airbnb, Short-term Rentals and the Future of Housing Lily M. Hoffman, Barbara Schmitter Heisler Taylor & Francis Group This course covers recent advances in behavioral economics by reviewing some of the assumptions made in mainstream economic models, and by discussing how human behavior systematically departs from these assumptions. 2020 Level: advanced Psychology and Economics Prof. Frank Schilbach Massachusetts Institute of Technology Source image UMassEconomics Youtbe channel Stephen Resnick UMassEconomics University of Massachusetts Amherst Level: beginner Marxian Economics Lectures Stephen Resnick University of Massachusetts Amherst "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. 1990 Level: advanced The New Classical Macroeconomics Kevin D. Hoover B. Blackwell This course teaches basic concepts relevant in political economy. Topics include the contractual nature of the state, public versus private goods, property rights and economic externalities, the logic of collective action and social choice theory. It also refers to the fundamentals of political philosophy, bringing two ideas of liberty into the picture. The relevance and limitations of the economic approach to the study of law and politics are then discussed. Level: advanced State, Law and the Economy Prof. Y.C. Richard Wong n.a. In this video, Clara Mattei investigates the function of austerity in relation the stabilization of capitalism as a form of social order build around private property, wage labor and class relations. In order to develop this argument, she situates austerity in the history of World War 1 and its revolutionary aftermath. Zooming in on the politicization of the economy and the associated threat to class society that emerged in the period, she highlights how austerity was a „tool of reaction“ that was successful in curtailing demands for economic democracy and a society free from class oppression. 2022 Level: beginner The Capital Order - How Economists Invented Austerity & Paved the Way to Fascism Clara Mattei Institute for New Economic Thinking The paper gives a comprehensive overview of challenges facing energy transmission and distribution networks in the UK in the wake of the green transition and makes the case for public ownership. 2023 Level: beginner Grid is Good: The Case for Public Ownership of Transmission and Distribution Common Wealth Common Wealth The first book to bring together the key writings and speeches of civil rights activist Sadie Tanner Mossell Alexander--the first Black American economist In 1921, Sadie Tanner Mossell Alexander became the first Black American to gain a Ph.D. degree in economics. Unable to find employment as an economist because of discrimination, Alexander became a lawyer so that she could press for equal rights for African Americans. 2021 Level: advanced Democracy, Race, and Justice Sadie T. M. Alexander Yale University Press The new online platform ‚DIY Macroeconomic Model Simulation‘ provides an open-source code repository and online script for macroeconomic model simulation. It follows a “do-it-yourself” (DIY) approach, empowering users to numerically simulate key macroeconomic models on their own using the programming language R. 2023 Level: advanced DIY Macroeconomic Model Simulation Platform Karsten Kohler and Franz Prante DIY Macroeconomic Model Simulation The policy briefing provides a data-rich overview over the budgets planned for public services in the UK and their connection to inflation expectations. It highlights the fact that inflation might lead to "invisible" cuts to public sector budgets. 2023 Level: beginner Austerity by stealth Dominic Caddick, Alfie Stirling New Economics Foundation This episode of the Future Histories Podcast featuring Moira Weigel sets the development of digital capitalism and the right-ward shift in politics and society in relation to one another. It provides a masterful combination of ideology critique and polit-economic analysis grounded in comprehensive knowledge of the digital economy. 2020 Level: advanced Moira Weigel on Palantir, Tech-Nationalism & Aggression in the Life-World Moira Weigel, Jan Groos Future Histories Podcast The concern of this book is how to model time series statistically and there is emphasized the practical, applied aspects of statistical time series modeling. The author aims to provide methods that may be used to understand and analyze time series that accur in the “real world” that researchers face. 2019 Level: advanced Applied Time Series Analysis Terence Mills Elsevier What is economics? What can - and can't - it explain about the world? Why does it matter? 2015 Level: beginner Economics: The User's Guide Ha-Joon Chang Bloomsbury USA Anwar Shaikh seeks in his lectures for alternative explanations for empirically observed macro and microeconomic patterns of economic fluctuations, price volatility, and economic development. Level: advanced Capitalism: Competition, Conflict, Crisis Anwar Shaikh The New School Financial Evolution at the Speed of Thought A new evolutionary explanation of markets and investor behaviorHalf of all Americans have money in the stock market yet economists can t agree on whether investors and markets are rational and efficient as modern financial theory assumes or irrational and inefficient as behavioral … 2017 Level: advanced Adaptive Markets Andrew W. Lo Princeton University Press In this overview paper, Laura Porak reviews the history of industrial policy in the European Union before the background of a Cultural Political Economy approach. 2023 Level: beginner History of Industrial Policy in the EU Laura Porak Exploring Economics The term "de-risking" can be seen as one element of a strategy aimed at discursively reframing the trade policy confrontation with China. This confrontation has mainly been driven by the US in recent years and received initially cautious, but later growing support from the EU. 2023 Level: beginner De-risking, de-coupling, de-globalization? Samuel Decker Exploring Economics Since 2007, central banks of industrialized countries have counteracted financial instability, recession, and deflationary risks with unprecedented monetary policy operations. While generally regarded as successful, these measures also led to an exceptional increase in the size of central bank balance sheets. The book first introduces the subject by explaining monetary policy operations in normal times, including the key instruments (open market operations, standing facilities, reserve requirements, and the collateral framework). 2014 Level: advanced Monetary Policy Operations and the Financial System Ulrich Bindseil Oxford University Press Potts (economics, University of Queensland) proposes evolutionary microeconomics as a synthesis of the collective schools of heterodox economic thought with complex systems theory and graph theory. 2000 Level: advanced The New Evolutionary Microeconomics Jason Potts Edward Elgar This blog post reviews "Democratizing Finance", an edited volume that analyses and provides policy proposals to ensure that the financial system serves the public good. Mquzama undertakes the task of summarising the main takeaways from each essay in the book as well as an exposition of its shortfalls. While he acknowledges the necessity of the book's reimaging capitalism and the financial system in a way that is practical within the current economic and political structures, he also highlights its failure to look beyond the United States of America. 2022 Level: beginner Book Review: Democratizing Finance Fred Block, Robert Hockett Verso Books Big challenges lie ahead for our society: increased automation of work, and the threat of catastrophic climate change. But so, too, are the huge possibilities presented by new technology and better ways of organising our economy in the wake of neoliberalism's failure. 2018 Level: advanced Economics for the Many John McDonnell Verso Books Is inflation just a number game or does it hold deeper societal implications? Join Isabella Weber (@UMass.Amherst) as she challenges traditional economic stances on inflation and delves into the social dimensions of pricing. Discover how context shapes our reactions to price hikes and why understanding this can be a game-changer. 2023 Level: beginner Sellers Inflation Isabella Weber New Economic Thinking This guide contains a collection of recommended YouTube channels and YouTube videos in the fields of economics, business and economic policy. 2024 Level: beginner EconTube: The ultimate guide to pluralist economics channels on YouTube Frederick Heussner, Theresa Walter Exploring Economics So, what does racism have to do with our 21st century economic system? How can we understand institutions who uphold racism while claiming to value diversity and inclusion? And what does it mean to truly be anti-racist? 2023 Level: beginner New Economics Podcast: Why antiracism means anticapitalism Ayeisha Thomas-Smith, Arun Kundnani New Economics Foundation This lecture offers a general and introductory overview of the theory of racial capitalism, focusing on the origins of racial capitalism and some of the debates it has generated. 2021 Level: beginner Introduction to Racial Capitalism Alana Lentin n.a.