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ECONOMICS
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This dossier gives an overview of the functions and the nature of money. The concept of Islamic finance is briefly explored, too. 2015 Level: beginner The Nature of Money Lena Rethel I-PEEL Özlem Onaran analyses the current problems of secular stagnation from a global perspective. At the core of global economic problems is insufficient demand caused by falling wage shares, because most individual countries, and the world as a whole are “wage-led”. Hence a strategy for global growth is to aim at increasing wages and thus the wage share, and the abandonment of policies focusing purely on national competitiveness. Financialization has broken the link between corporate profitability and investment. Reregulation of finance and higher public investment is required in order to crowd in private investment, in this way, reversing the declining trend of potential output growth. 2015 Level: advanced Current Problems of Secular Stagnation from a Global Perspective Özlem Onaran IMK This short video visualizes the destabilizing effects financial markets can have on food prices, based on a paper by Jayati Ghosh. It introduces and explains the idea of future contracts and how those are used to speculate with basic food stuffs. After establishing the concepts, the video sketches out how the increase in those practices resulted in a substantial rise and later collapse of food prices around 2008 with severe consequences for many developing countries and their people. 2021 Level: beginner Food and Finance Jezri Krinsky blobMetropolis The book’s central theme is to develop a new theory of speculative capital related to other forms of capital, the world market, and the state. Unlike most marxist and heterodox theories, the book distinguishes credit and fictitious capital from speculative capital to show its hegemony today in the capital markets. 2022 Level: advanced Financial Capital in the 21st Century Achim Szepanski Springer Nature

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