1338 results
In this lecture, Konstantinos Katsikopoulos presents the concept of bounded rationality and contrasts two - as he calls it - cultures of research and analysis within Behavioral Economics: an "idealistic" and a "pragmatic" approach. Thereby, Katsikopoulos discusses amongst others their different assumptions on decision making (utility optimization vs. achievement of a satisfactory outcome), the psychological process as well as the epistemic aim and implications on policy recommendations (nudging vs. education).
Bounded Rationality: The Two Cultures
What is innovation, what drives innovation and the process that differentiates firms? What is competition and what kind of dynamics lie behind the differences between firms and their innovative activities? Mariana Mazzucato elaborates on those questions from an evolutionary economics' and Schumpeterian perspective. The slides of her lecture are not visible, hence some visualizations can't be followed.
Economics of Innovation
Deforestation is estimated to be responsible for about 12-29% of global greenhouse gas emissions. This essay will explore ecological economics as an alternative lens through which to approach forest conservation and the acceleration of climate change.
Ecological Economics: A Solution to Deforestation?
As seen with the United Nations significant promotion of the Sustainable Development Goals (SDGs) in the past few years, the issue of global development is of growing concern to many international organizations. As humanity continues to become more interconnected through globalization, the inequalities and injustices experienced by inhabitants of impacted countries becomes increasingly clear. While this issue can be observed in the papers of different types (e.g., different schools of thought) of economists throughout the world, the work of behavioral and complexity economists offer a unique, collaborative perspective on how to frame decisions for individuals in a way that can positively reverberate throughout society and throughout time.
Behavioural vs Complexity Economics: Approaches to Development
This article, looks at the complex interaction between an urban economy and the vegetation within that urban area. In summary, numerous studies have found a positive link between increased vegetation and social as well as personal health. It makes a case for increasing urban vegetation as a way to benefit local economies.
Urban Arbonomics | The Complex Nature of Urban Vegetation
Keen first compares neoclassical approaches to modelling with heterodox ones. Then he discusses in length the required assumptions and the inconsistencies of the aggregate demand and supply model, which is extrapolated from a micro perspective. At the end some dynamic models with feedback mechanisms are shown.
The Mainstream Obsession with Microfoundations and why it is an intellectual dead-end
This multimedia dossier is part of the series „Understanding Finance“ by Finance Watch and explores the following questions: What is bank capital and how is it regulated? It further presents controversies on the size of bank capital in the aftermath of the financial crisis and on how bank capital affects economic activity.
Bank capital – what is it and how is it regulated?
This multimedia dossier is part of the series „Understanding Finance“ by Finance Watch and presents a description and critical review of financial markets and their functions. It furthermore discusses recent developments, as high frequency trading.
What kind of financial markets do we need?
This multimedia dossier is part of the series „Understanding Finance“ by Finance Watch. The dossier focuses on universal banks – banks that pursue commercial and investment banking and points out several problems of those megabanks, especially in the context of the financial crisis (too big to fail).
Splitting megabanks?
The Heterodox Economics Directory provides a broad variety of links to heterodox journals, books, conferences, study programs, teaching materials and blogs. Some categories are subdivided by schools of thoughts - it's a valuable source for heterodox material on the internet.
Heterodox Economics Directory
The page "Positive Money" gathers text and short videos which explain how money is created by banks by giving loans. It furthermore presents the consequences of this process on housing prices, inequality and the environment and its role in the financial crisis. The dossier is provided by the campaign "Positive Money" which aims at a democratic control over money creation. Besides texts by the campaign, the page makes available links to journal and conference articles on the topic. The page focuses on the banking system of the UK.
Positive Money
MERCOSUR (Mercado Común del Sur or Common Southern Market) was the first formalized attempt to integrate South American countries economically and politically.
How can MERCOSUR move forward?
Approaching the law of nature that determines all forms of economy. The bulk of economic theory addresses the economic process by setting out on a catalogue of aspects, seeking the laws in the aspects and hoping to get together a reliable view of the whole.
Economic theory, methodology, and secure foundations
À l'occasion de la parution de la première grande synthèse en français sur l'école post-keynésienne, entretien de Mediapart avec Virginie Monvoisin, professeure à la Grenoble École de Management, qui a coordonné l'ouvrage, et Dany Lang, maître de conférence à Paris 13 qui y a participé.
L'école post-keynésienne, une alternative à découvrir
The podcast exposes the concept and principles of co-operatives and the three main types of co-operatives: the consumer, credit and farmers buying and selling co-operatives. Furthermore, the history of the co-operative movement is presented. The authors draw the line from co-operatives to "degrowth" by arguing that these organisations discourage profit maximisation due to their ownership structure, their social purpose and their primacy of people over capital. The value of the members' co-operative share does not increase with the growth of a co-operative and it can not be used for speculation. Finally, the authors give examples for current co-operatives which empower (local) communities fostering social justice and environmentalism.
Co-operatives
The documentary proceeds along the lines of Karl Marx' biography, inquiring into his workings as a journalist, social scientist, revolutionary and historian and his travels through Europe. In chronological order historical events, such as the 1848 revolution or the Paris Commune as well as concepts such as dialectics, the labour theory of value or the reform-revolution debate are revisited. The documentary is narrated by John Kenneth Galbraith and by an actor, who plays Marx and recites quotes from his writings.
The Age of Uncertainty Episode 3 Karl Marx The Massive Dissent
The dossier first discusses the impact of colonialism on introducing foreign plants and thus disrupting ecosystems. Subsequently the case of the knotweed, a plant introduced from Japan to the UK and now considered a threat to biodiversity is explored. The complex economy built around the plant consisting of regulations, pesticides, experts, and landowners is then explored.
Knotweed – I-PEEL.org
John K. Galbraith recounts episodes in the history of money such as the creation of the bank of Amsterdam, John Law's fraudulent Bank Royal, the inception of the Bank of England and of the Federal Reserve to illustrate concepts such as money creation by commercial banks, the bank rate, open market operations or the money supply in general. The emotions, myths and struggles surrounding money are addressed and explained in a clear and consistent manner.
The Age of Uncertainty Episode 6 The Rise and Fall of Money
Le grand œuvre de l’économiste américain Hyman Minsky Stabilizing an unstable economy, sorti en 1986, vient d’être publié en français par l’Institut Veblen et Les petits matins.
Maîtriser l'instabilité financière : les leçons d'Hyman Minsky
Le monde doit faire face à trois crises majeures : environnementale, inégalitaire et financière. Face aux limites de la macroéconomie classique négligeant largement ces trois enjeux pourtant cruciaux, l'Institut Veblen nous propose ici les bases d'une réflexion sur le renouveau des modèles macroéconomiques qui ne doivent plus ignorer les questions climatique, sociale et d'instabilité financière.
Pour une macroéconomie écologique
A central question in development economics literature is, “Why do countries stay poor?” The key disagreements are whether the lack of economic growth stems from institutions or from geography (Nunn 2009). From an institutional perspective, hostile tariff regimes and commodity price dependencies form a barrier to a sectoral shift that would otherwise lead to economic development in developing countries (Blink and Dorton 2011) (Stiglitz 2006).[i]
Trade Barriers to Development explored through various lenses
John K. Galbraith tells the economic history of a couple of economies (mostly UK, US and to a lesser extent Germany) from the end of the first world war until the Bretton Woods conference. He also provides a biography of John M. Keynes and outlines some central ideas of Keynes such as the possibility of an underemployment equilibrium. Galbraith complements the historical remarks by the biographical experiences he made in economic management (and in engaging with Keynes) serving as deputy head of the Office for Price administration during the second world war.
The Age of Uncertainty Episode 7 The Mandarin Revolution
Mark Blyth criticises the political inability to solve the persistent economic crisis in Europe against the background of a deflationary environment. Ideological blockades and impotent institutions are the mutually reinforcing causes of European stagnation. The deeper roots lie in the structural change of the economic system since the 1980s, when neoliberalism emerged as hegemonic ideology. This ideology prepared the ground for austerity and resulting deflationary pressures and a strategy of all seeking to export their way out of trouble. Worryingly this is breeding populist and nationalist resentments in Europe.
Policies to avert stagnation: The Crisis and the Future(s) of the Euro
Irene van Staveren, professor of pluralist development economics, presents her pluralist teaching method for the introductory level. Based on her textbook “Economics After the Crisis: An Introduction to Economics from a Pluralist and Global Perspective” she suggests to focus on real-world problems and pari passu apply economic theories such as Social economics, Institutional economics, Post-Keynesian economics as well as Neoclassical economics without wasting time to single out the latter. Besides pointing out advantages of such a pluralist method Irene illustrates her approach based on interesting topics such as growth or feminist economics.
Beyond stimulus versus Austerity: Pluralist capacity building in Macroeconomics
In the inspiring interview on Economics of Care, Nancy Foblre takes a closer look to the consequences of the marketization of caring activities on those activities and on the societal organization of care. Folbre elaborates on how to value care and how this shifts the perspectives on living standards. She points to the fact, that caring activities are undervalued both in the market sphere and within the family and thereby questions the division between those spheres. Lastly, Folbre answers the question how to reteach Economics when accounting for caring activities.
The Economics of Care
In this episode of the Planet Money podcast the Caribbean island of Barbuda is used as an example to explore the notion of property rights Until the island was struck by Hurricane Irma in November 2017 the island belonged to all Barbudans First there is a brief historic background given …
"The Island No One Owns" - Property Rights in Barbuda
Conférence de Gaël Plumecocq (INRA) sur l'économie écologique, ses fondements, auteurs et projets. Il est l'auteur d'une introduction à cette école de pensée aux éditions La Découverte.
L'économie écologique en débats
This video animates part of the talk “On Economics” by Ha-Joon Chang in which he states that economics is not a science for experts but for everyone. Chang further argues why it is important to take into account different perspectives on economics – he identifies at least nine school of thoughts which all have their strengths and weaknesses and presents examples on free trade and well-being. Chang further elaborates on the difficulties of changing the economic status quo.
Economics Is For Everyone!
In this radio program, the anthropologist David Graeber, explores the history of debt in (currently) 12 episodes. The program is based on his book Debt: The First 5000 Years. First, Graeber asks the questions of how debt and money are characterized, which meaning and roles they had in different historic episodes and how they were interrelated. In the most recent episodes, Graeber elaborates on how debt shaped society. He argues that debt had a different moral status in different times of history, one session analyses the current financial and economic crisis and the role of credit in this historical context.
Promises, Promises: A history of debt
The Sufficiency Policy Map is an online tool for initiatives, political actors, organisations and individuals. It provides recommendations, strategies and communication tools for realizing projects and policy around the topic sufficiency. Sufficiency projects have the aim to reduce one's own ecological footprint.
Sufficiency Politics Map
Gilles Carbonnier, Professor of Development Economics and Director of Studies at The Graduate Institute Geneva, explains the emerging field of Humanitarian Economics. It analyses how economics can help to better grasp and respond to humanitarian crises, and why capturing market dynamics - including the humanitarian market itself, or in relation to e.g. kidnapping and detention in war - has become critical.
The Birth of Humanitarian Economics
The novel coronavirus (Covid-19) is rapidly spreading around the world. The real economy is simultaneously hit by a supply shock and a demand shock by the spread of coronavirus. Such a twin shock is a rare phenomenon in recent economic history.
How to Manage the Economic Fallout of the Coronavirus
Nous utilisons des cookies sur notre site Web. Cliquez sur Accepter pour nous aider à améliorer constamment Exploring Economics !