This short video examining the concepts of rents and rent-seeking, and the high cost of orthodox liberal anticorruption policies. 2021 Level: beginner Rent-Seeking, Corruption and Development Jezri Krinsky blobMetropolis Marx Reloaded is a cultural documentary that examines the relevance of German socialist and philosopher Karl Marx s ideas for understanding the global economic and financial crisis of 2008 09 The crisis triggered the deepest global recession in 70 years and prompted the US government to spend more than 1 … 2011 Level: beginner Marx Reloaded Jason Barker YouTube (ARTE) This paper provides a logical framework for complexity economics Complexity economics builds from the proposition that the economy is not necessarily in equilibrium economic agents firms consumers investors constantly change their actions and strategies in response to the outcome they mutually create This further changes the outcome which requires them … 2013 Level: beginner Complexity Economics : A Different Framework for Economic Thought W. Brian Arthur Oxford University Press Mainstream economic narratives notably the concept of comparative advantage trade theory which assumes the equal balance of power between parties are deployed to support the merits of Global Value Chains that the global integration via trade creates mutual gains for both developed and developing countries This narrative is advanced in … 2021 Level: beginner World Development under Monopoly Capitalism Benjamin Selwyn Developing Economics The Nobel laureate Amartya Sen´s text analyzes three main figures in social sciences and the relation between them: the Italian economist Piero Sraffa, the Austrian philosopher Ludwig Wittgenstein, and the Italian politician and philosopher Antonio Gramsci. 2003 Level: advanced Sraffa, Wittgenstein, and Gramsci Amartya Sen Journal of Economic Literature This film looks at the role economic growth has had in bringing about this crisis, and explores alternatives to it, offering a vision of hope for the future and a better life for all within planetary boundaries. 2020 Level: beginner Fairytales of Growth Pierre Smith Khanna Fairy Tales of Growth 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. 2021 Level: beginner Teaching Feminist Economics. Conceptual Notes and Practical Advice for Teaching a Subject in the Making Anna Saave VS Springer This panel is about discussing the international development discipline from a critical perspective, exploring how the current practice entangles with Eurocentric/neo-colonial thoughts and how can we move beyond them. 2018 Level: advanced Decolonise Development: Thoughts and Theories Dr Sian Lazar, Professor Cheryl McEwan, Dr. Hazel Gray Cambridge Society For Economic Pluralism 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 … 2021 Level: advanced "Postcolonialism meets Economics" A Discussion with Prof. Eiman Zein-Elabdin Prof. Eiman Zein-Elabdin and Danish Khan Inequality, Poverty, Power & Social Justice Initiative This archive contains open access copies of most of the written work, including the books of Karl William Kapp (1910-1976) was one of the forefathers of Ecological Economics. Level: advanced K. William Kapp archive Karl William Kapp Kapp Research Center This article demonstrates Schumpeter s propagated approach to monetary analysis in macroeconomics so as to provide for a better understanding of the relation between finance and growth Peter Bofinger Lisa Geißendörfer Thomas Haas Fabian Mayer voxEU 2022 Level: advanced Discovering the 'true' Schumpeter: New insights on the finance and growth nexus Peter Bofinger, Lisa Geißendörfer, Thomas Haas & Fabian Mayer voxEU Sabel and Zeitlin present the persistence of small firms in Europe against the rise of mass production and modern enterprises Their article starts by analysing how mass production can be considered a historical necessity for the classical view as it is a highly specialized structure where man and machine can … 1985 Level: advanced Historical Alternatives to Mass Production: Politics, Markets and Technology in Nineteenth-Century Industrialization Charles Sabel and Jonathan Zeitlin Oxford University Press on behalf of The Past and Present Society In this famous article Michal Kalecki describes the three main reasons that push business leaders to reject the intervention of the government to ensure full employment i dislike of government interference in the problem of employment as such ii dislike of the direction of government spending public investment and subsidizsing … 1943 Level: beginner Political Aspects of Full Employment Michael Kalecki Political Quarterly From the perspective of mainstream theory the effectiveness of monetary policy in bringing down inflation depends on two very important equations the aggregate demand equation and the infamous Phillips Curve Without these it becomes more difficult or rather impossible for central banks to carry out monetary policy and obtain the … 2022 Level: advanced Monetary Policy and the Phillips Curve Louis-Philippe Rochon Monetary Policy Institute The Wealth of Ideas traces the history of economic thought, from its prehistory (the Bible, Classical antiquity) to the present day. 2005 Level: beginner The Wealth of Ideas Alessandro Roncaglia Cambridge University Press As the current economic crisis spreads around the globe questions are being asked about what king of capitalist or post-capitalist economy will follow. There is increasing talk of the need for stringent economic regulation, the need to temper greed and individualism, to make the economy work for human and social development. 2009 Level: advanced The Social Economy Ash Amin Zed Books 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. 2013 Level: advanced The Elgar Companion to Marxist Economics Ben Fine, Alfredo Saad-Filho, Marco Boffo E. Elgar The human imprint on the biosphere has become so pronounced in recent years that there has been talk of a new geological era, the 'Anthropocene'. 2012 Level: advanced Towards an Integrated Paradigm in Heterodox Economics Julien-Francois Gerber, Rolf Steppacher Palgrave Macmillan UK Challenging the Mainstream in the Twentieth Century Economics is a contested academic discipline between neoclassical economics and a collection of alternative approaches such as Marxism radical economics Institutional economics Post Keynesian economics and others that can collectively be called heterodox economics Because of the dominance of neoclassical economics the existence … 2011 Level: advanced A History of Heterodox Economics Frederic S. Lee Routledge This collection of previously published and new papers is a major intervention in the on-going debate about the nature and future of economics. Instead of the present deductivist-formalist orientation of mainstream economics, Lars Syll advocates for the adoption of a more pluralist approach to economics, arguing for more realism and relevance with less insistence on mathematical modeling. 2016 Level: advanced On the Use and Misuse of Theories and Models in Mainstream Economics Lars Palsson Syll College Publications

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 That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. 2017 Level: beginner Doughnut Economics Kate Raworth Chelsea Green Publishing Since the beginning of the twenty-first century, there has been an unprecedented move towards 'rethinking economics' due to the damages generated by the global financial crisis that burst in 2007-2008. Almost a decade after this crisis, policy is still unable to provide all citizens greater wellbeing or at least an encouraging economic future. 2017 Level: advanced A Modern Guide to Rethinking Economics Louis-Philippe Rochon, Sergio Rossi Edward Elgar Publishing Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. 2018 Level: advanced Capitalism Anwar Shaikh Oxford University Press This lively introduction to heterodox economics provides a balanced critique of the standard introductory macroeconomic curriculum. In clear and accessible prose, it explains many of the key principles that underlie a variety of alternative theoretical perspectives (including institutionalist economics, radical economics, Post Keynesian economics, feminist economics, ecological economics, Marxist economics, social economics, and socioeconomics). 2015 Level: beginner Reintroducing Macroeconomics Cohn, Steve Routledge This book argues that mainstream economics, with its present methodological approach, is limited in its ability to analyze and develop adequate public policy to deal with environmental problems and sustainable development. Each chapter provides major insights into many of today’s environmental problems such as global warming and sustainable growth. 2009 Level: advanced Post Keynesian and Ecological Economics Richard P. F. Holt, Steven Pressman, Clive L. Spash Edward Elgar Publishing Post-Keynesian and heterodox economics challenge the mainstream economics theories that dominate the teaching at universities and government economic policies. And it was these latter theories that helped to cause the great depression the United States and the rest of the world is in. 2012 Level: advanced In Defense of Post-Keynesian and Heterodox Economics Lee, Frederic S.; Lavoie, Marc Routledge This book represents a new foundation for the study of microeconomics, viewed from a broad perspective that takes into account new developments at the intersections with psychology, political science, the natural sciences and philosophy. 2014 Level: beginner Microeconomics. A fresh start Dorman, Peter Springer VS Microeconomics: A Critical Companion offers students a clear and concise exposition of mainstream microeconomics from a heterodox perspective. 2016 Level: beginner Microeconomics - A Critical Companion Ben Fine Pluto Press Macroeconomics is fundamental to our understanding of how the world functions today. But too often our understanding is based on orthodox, dogmatic analysis. 2016 Level: beginner Macroeconomics - A Critical Companion Ben Fine Pluto Press This fresh and unique textbook provides students and general readers with an introduction to economics from a new and much needed perspective, characterised by its uniquely pluralist, sustainable, progressive and global approach. Unlike traditional textbooks, Introducing a New Economics contains the key concepts of pluralism, sustainability and justice. It provides students with the central questions covered by economics including resources, work, employment, poverty, inequality, power, capital, markets, money, debt and value. 2015 Level: beginner Introducing a New Economics Jack Reardon, Maria Alejandra Caporale Madi, and Molly Scott Cato Pluto Press When Santa Fe Institute Scientists first started working on economics more than thirty years ago, many of their insights, approaches, and tools were considered beyond heterodox. These once-disparaged approaches included network economics, agents of limited rationality, and institutional evolution—all topics that are now increasingly considered mainstream. 2020 Level: expert Complexity Economics W. Brian Arthur, Eric Beinhocker, and Allison Stanger Santa Fe Institue Press