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Teaching the public about lobbying and its effects on financial institutions that help run the economy in which we all live and use. 2013 Level: beginner Is lobbying bad for the economy? Marriane Bertrand; Luigi Zingales Chicago Booth Review This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article aims to clarify how the prevailing institutional structure and its changes had contributed to or had countervailed the spread of financialization and how it had shaped the specific German variant of financialization. For this end, it combines the rich literature on Germany's institutional structure with the more macroeconomic oriented literature on financializaton. With the combination of those different perspectives the article sheds light on the reasons for the spread of financialization and the specific forms it has taken in Germany. 2019 Level: beginner Financialization made in Germany: A review Daniel Detzer Institute for International Political Economy Berlin Institutional economics focuses on the role of social institutions in terms of laws or contracts, but also those of social norms and patterns of human behaviour that are connected to the social organisation of production, distribution and consumption in the economy. Institutionalist Economics     Marxian Political Economy focuses on the exploitation of labour by capital. The economy is not conceived as consisting of neutral transactions for exchange and cooperation, but instead as having developed historically out of asymmetric distributions of power, ideology and social conflicts. Marxian Political Economy     This panel was part of the conference "Next Generation Gentral Banking - Climate Change, Inequality, Financial Instability" 03. - 05.02.2021. 2021 Level: advanced NextGen Central Banking: Central Banking Beyond Inflation Finanzwende e.V. & Heinrich-Böll-Stiftung, Benjamin Braun, Michal Horváth Transformative Responses, Heinrich-Böll-Foundation & Finanzwende The recent financial meltdown and the resulting global recession have rekindled debates regarding the nature of contemporary capitalism. 2013 Level: advanced A Political Economy of Contemporary Capitalism and its Crisis Sotiropoulos, Dimitris P.; Milios, John; Lapatsioras, Spyros Routledge 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 The global financial crisis (GFC) led to increasing distrust in economic research and the economics profession, in the process of which the current state of economics and economic education in particular were heavily criticized. Against this background we conducted a study with undergraduate students of economics in order to capture their view of economic education. 2018 Level: beginner What economics education is missing: The real world Stephan Pühringer, Lukas Bäuerle Institute of Economics and Philosophy Cusanus Hochschule Central banking is anything but clear-cut. As this webinar with Benjamin Braun demonstrates, the standard view of central banks as independent public entities that govern financial markets and "print" money is at least partially misleading. 2020 Level: beginner Central banking, Finance and Power Benjamin Braun crashcourseeconomics.org Central banks have once again proven to be the first line of defense in crisis-ridden times. With their far reaching actions they prevented the world from experiencing a collapse of financial markets on top of the severe health and economic crisis caused by Covid-19. 2021 Level: advanced NextGen Central Banking: Central Banking and Climate change - A new era of monetary financing? Finanzwende e.V. & Heinrich-Böll-Stiftung, Sylvie Goulard, Daniela Gabor, Frank van Lerven Transformative Responses, Heinrich-Böll-Foundation & Finanzwende The objective of the course is to explore the main strengths and weaknesses of orthodox and heterodox paradigms within development economics. 2019 Level: beginner Issues in Development Economics Hannah Bargawi SOAS University of London What’s inflation? Why is it relevant? And is there an agreed theory about its roots and causes, or is it a contentious concept? That’s what this text is all about: We define what inflation actually means before we delve into the theoretical debate with an interdisciplinary and pluralist approach: What gives rise to it, what factors might influence it, and, consequently, what might be done about it? 2021 Level: beginner Inflation in economic theory Alexander Barta, Jorim Gerrard, Jakob Steffen & Frieder Zaspel Exploring Economics 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 Recording of the Workshop “The collateral supply effect on central banking”, 04.02.2021, part of the "Next Generation Central Banking - Climate Change, Inequality, Financial Instability" conference by the Heinrich-Böll-Stiftung 2021 Level: advanced NextGen Central Banking: The collateral supply effect on central banking Finanzwende e.V. & Heinrich-Böll-Stiftung, Carolyn Sissoko, UWE Bristol; Steffen Murau, Boston University; Michael Peters, Finanzwende Transformative Responses, Heinrich-Böll-Foundation & Finanzwende Heterodox Macroeconomics offers a detailed understanding of the foundations of the recent global financial crisis 2009 Level: advanced Heterodox Macroeconomics Jonathan P. Goldstein, Michael G. Hillard Routledge

In the graveyard of economic ideology, dead ideas still stalk the land.

The recent financial crisis laid bare many of the assumptions behind market liberalism—the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. 2012 Level: beginner Zombie Economics John Quiggin Princeton University Press

"Thought provoking and fresh - this book challenges how we think about economics.”
Gillian Tett, Financial Times

For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/

Western capitalism is in crisis. 2016 Level: advanced Rethinking Capitalism Michael Jacobs, Mariana Mazzucato Wiley Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing by Costas Lapavitsas puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. 2014 Level: advanced Profiting Without Producing Costas Lapavitsas Verso Books 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 Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore proposes to revise the insights of Minsky's financial instability hypothesis, combining it with the Keynesian theory of the monetary circuit to answer many questions in modern economy. 2020 Level: advanced Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore New Economic Thinking This thoroughly revised and updated second edition provides a comprehensive guide to Post Keynesian methodology, theory and policy prescriptions. The Companion reflects the challenges posed by the global financial crisis that began in 2008 and by the consolidation of the New Neoclassical Synthesis in macroeconomic theory. 2012 Level: advanced The Elgar Companion to Post Keynesian Economics J. E. King Edward Elgar Florian Kern replies to Zoltan Pozsar's analysis about the effects of the war in Ukraine on the global financial order and refutes the latter's prognosis of the demise of the US dollar as the world's reserve currency 2022 Level: advanced Why the war in Ukraine does not jeopardise the dollar's reserve currency status Florian M. Kern Dezernat Zukunft Heterodox Macroeconomics offers a detailed understanding of the foundations of the recent global financial crisis. 2009 Level: advanced Heterodox Macroeconomics Goldstein, Jonathan P.; Hillard, Michael G Routledge It has become a contentious term in- and outside of economic policy: austerity. Allegedly the culprit behind the shortfalls of governments' reaction to the Great Financial Crisis, the policy makes for a spirited debate. 2015 Level: beginner Austerity Mark Blyth Oxford University Press The Economics and Geopolitics of Russia Selling Yuan and Gold Reserves It is important for students to understand the workings of international and public finance and that the goal of governments and politicians is not always economic efficiency when making financial decisions. Normative goals other than efficiency can motivate economic decisions. A good economist is able to recognise, clearly name and take into account the values and goals behind economic behaviour, when making sense of the world. 2023 Level: beginner Russia sells foreign reserves   Economy Studies As a response to ongoing economic, social and environmental crises, many private actors have enlarged their definition of 'value' to include environmental and social elements. Such practices, however, appear incompatible with the current epistemological structure of academic financial discourse. 2016 Level: advanced Finance Reconsidered Bernard Paranque, Roland Perez Emerald Group Publishing 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 The historical situation of low interest rates after the Fed's response to the 2001 crisis alongside with huge foreign money inflow to the US are presented as the historical context in which subprime lending and financial instruments like CDOs and CDS evolved. Then those instruments as well as the concept of leverage are explained briefly. 2009 Level: beginner The Crisis of Credit Visualized   Films for Action In the second video of the series Investigating International Finance, an alternative view on capital controls is given contrasting with the paradigm of classical trade theory which suggests that the removal of trade and capital barriers is associated with higher market efficiency. After explaining the conceptual mechanisms underlying capital controls, examples are introduced where countries actually apply capital controls and how these controls have been associated with a lesser exposure to international financial crises spillovers. 2011 Level: beginner Tax Havens - Investigating International Finance   New Economics Foundation Economist and 2020 Balzan Prize winner for Environmental Challenges: Responses from the Social Sciences and Humanities, Joan Martínez Alier, speaks on the importance of ecological economics and its timeliness around the 2007/2008 global financial crisis. He speaks on the importance of building the field of ecological economics “from the ground up” through praxis. 2012 Level: beginner Ecological Economics Joan Martinez Alier Extraenvironmentalist In the second video of the series Investigating International Finance, an alternative view on capital controls is given contrasting with the paradigm of classical trade theory suggesting that the removal of trade and capital barriers is associated with higher market efficiency. After explaining the conceptual mechanisms underlying capital controls, examples are introduced where countries actually apply capital controls and how these controls have been associated with a lesser exposure to international financial crises spillovers. 2012 Level: beginner Capital controls - Investigating International Finance, Episode 2   New Economics Foundation David Harvey illustrates the five most common narratives on why the financial and economic crisis took place – from human frailty to policy failure. 2010 Level: beginner RSA ANIMATE: Crises of Capitalism David Harvey; Abi Stephenson RSA ANIMATE

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