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The workshop deals with the contribution of Plural Economics to the urgently needed change of the economic system towards sustainability and global responsibility.
After completing the module, participants should be able to demarcate and explain different economic approaches to sustainability. They should be able to evaluate the respective concepts based on their contribution to the ecological transformation of the economic system.
Gender Development and Globalization is the leading primer on global feminist economics and development. Gender is a development issue because social considerations are not easily incorporated into institutions such as policies, regulations, markets and organizations. This process is often referred to as the mainstreaming of gender in development institutions.
Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There is however a long tradition of economic analysis which emphasises how growth in a capitalist economy leads to an accumulation of tensions and results in periodic crises. This paper first reviews the work of Karl Marx who was one of the first writers to incorporate an analysis of periodic crisis in his analysis of capitalist accumulation. The paper then considers the approach of various subsequent Marxian writers, most of whom locate periodic cyclical crises within the framework of longer-term phases of capitalist development, the most recent of which is generally seen as having begun in the 1980s. The paper also looks at the analyses of Thorstein Veblen and Wesley Claire Mitchell, two US institutionalist economists who stressed the role of finance and its contribution to generating periodic crises, and the Italian Circuitist writers who stress the problematic challenge of ensuring that bank advances to productive enterprises can successfully be repaid.
In order to address discrimination, we must understand and address its fundamental basis of systemic oppression. Stratification economics goes beyond myopic mainstream conceptualisations of discrimination and recognises the historical, institutional, and structural factors that create and maintain socioeconomic disparities and hierarchies. To critically approach the economics of discrimination, this workshop will focus on stratification economics, a systematic and empirically grounded approach to addressing intergroup inequality (Darity, 2005). Focusing on racial discrimination, we will discuss the core elements of stratification economics, critically evaluate its relevance, and apply these understandings to construct case studies and solutions for change. In our discussions, we will consider an array of topics, including intersecting oppressions, reparative justice, and the role of knowledge production in overcoming injustice and creating a better world.
This graduate-level course examines issues related to women’s paid and unpaid work during a time of rapid integration of world markets. Students will analyze the role of government policy, unions, corporate responsibility, and social movements in raising women's wages, promoting equal opportunity, fighting discrimination in the workplace, and improving working conditions.
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.
In this essay, Professor Robert Pollin explores the short falls of the degrowth perspective in handling the impending environmental collapse as well as elaborates on the efficacies of a green new deal.
By conducting a discourse analysis (SKAD) in the field of academic economics textbooks, this paper aims at reconstructing frames and identity options offered to undergraduate students relating to the questions ‘Why study economics?’ and ‘Who do I become by studying economics?’. The analysis showed three major frames and respective identity offerings, all of which are contextualized theoretically, with prominent reference to the Foucauldian reflection of the science of Political Economy. Surprisingly, none of them encourages the student to think critically, as could have been expected in a pedagogical context. Taken together, economics textbooks appear as a “total structure of actions brought to bear upon possible action” (Foucault), therefore, as a genuine example of Foucauldian power structures.
"Despite the rediscovery of the inequality topic by economists as well as other social scientists in recent times, relatively little is known about how economic inequality is mediated to the wider public of ordinary citizens and workers. That is precisely where this book steps in: It draws on a cross-national empirical study to examine how mainstream news media discuss, respond to, and engage with such important and politically sensitive issues and trends.
Tony Lawson has become a major figure of intellectual controversy on the back of juxtaposing two relatively simple and seemingly innocuous ideas. He has argued firstly that success in science depends on finding and using methods, including modes of reasoning, appropriate to the nature of the phenomena being studied, and also that there are important differences between the nature of the objects of study of natural sciences and those of social science.
Founded in 1968, The Union for Radical Political Economics (URPE) is an interdisciplinary membership organization of academics and of activists. Its mission is to promote the study, development and application of radical political economic analysis to social problems. Concretely, this involves a continuing critique of both the capitalist system, and of all forms of exploitation and oppression. URPE’s mission also includes, coming out of this critique, helping to construct a progressive social policy, and a human-centered radical alternative to capitalism.
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.
The total sum of squares and the total degrees of freedoms are disaggregated by calculating in sample variance and "between" sample variance and their respective degrees of freedoms. It is demonstrated numerically that both these measures add up to the total sum of squares and the total degrees of freedom.
The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery.
The objective of the course is to explore the main strengths and weaknesses of orthodox and heterodox paradigms within development economics.
This book is about history of monetary economic thought. From the 18th century with Hume and Smith to the early 20th, the author explains the different schools of thought regarding the monetary theories and policies and specially the central banking theory.
Teaching and learning ontology and epistemology. Onto-what? Bates & Jenkins explain what is needed to equip students with the ability to critically reflect on learned content and understand meta-discussions in their field.
Austrian economics focuses on the economic coordination of individuals in a market economy. Austrian economics emphasises individualism, subjectivism, laissez-faire politics, uncertainty and the role of the entrepreneur, amongst others.
This workshop offers an introduction to Degrowth and Ecological Economics. It starts by surveying the socio-ecological crisis and its pseudo-solutions, and then moves to Ecological Macroeconomics as a relatively recent field of scholarship within Ecological Economics.
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.
How should we discuss welfare when understanding the role of growth and the viability of Growth-led development? One option is to look at subjective happiness. This provides an anti-materialistic view which may superficially appear more compatible with significant reductions in consumption in order to remain within safe ecological limits.
This book highlights the political economy of wealth and income inequality in Latin America. The author segments his analysis to separately evaluate the economic, social, and political costs of inequality building on country case studies. It draws well-contextualized lessons from the Latin American experience that is important to consider for other regional contexts, especially for social policies of nations within the 'Middle Income Trap'.
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.
Is or has economics ever been the imperial social science? Could or should it ever be so? These are the central concerns of this book. It involves a critical reflection on the process of how economics became the way it is, in terms of a narrow and intolerant orthodoxy, that has, nonetheless, increasingly directed its attention to appropriating the subject matter of other social sciences through the process termed "economics imperialism".
This video by the Khan Academy presents the difference between monetary policy and fiscal policy and how they affect aggregate demand. The video especially elaborates on the basic explanation on how expansionary monetary policy increases aggregate demand via the market for money and the AD-AS model.
The book is a collection of 51 texts by different scholars and activists, who each adds a dimension/perspective to the topics of degrowth and societal transformation. A societal transformation towards a degrowth society is dependent on a lot of ideas coming together and creating change from various starting points within a society. Therefore, the authors are quite diverse and their contributions vary from being philosophical, natural science based, economic, sociological and so forth. Some are specfiically focused on a concept and others are a more broad critique of e.g., capitalism or growth.
"This eleven-week course offers a pluralist introduction to political economy and economics. We will examine nine (9) competing schools of thought, each of which offer an original and distinctive illumination of economic and social reality. The course offers a level of learning that would at least match that which is offered by a University. However, you do not need to be connected to a university or to have studied political economy or economics previously to enrol in this particular subject."
This course will expose students to some of the key debates that link digital transformations to economic, social, and political inequalities. Students will be familiarised with a variety of theoretical movements in development studies and internet studies: exploring thinking that frames the internet as a leveller that can bridge divides vs. exploring the internet as an infrastructure that amplifies existing inequalities.
Understanding gender inequality is possible only when looking at the intersections between race and class inequalities. The health crisis is no different: Stevano takes a feminist and social reproductive perspective, from unpaid household work to social infrastructure and services.
Why did inflation lift of in 2022? Are there differences between the US and the Eurozone and if so, what are they?
Free, Fair & Alive is a foundational re-thinking of the commons, the self-organized social systems that human beings have used for millennia to meet their needs.
In this essay, the principle of capital accumulation, as well as the idea of homo economicus as the basis of the growth model, are located and analyzed from a feminist perspective. The sufficiency approach is presented as an alternative to these two economic logics.
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