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418 results
This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is born on the balance sheets of the central bank or commercial bank.
Modern Monetary Theory and European Macroeconomics
Principles of Macroeconomics by Howard J. Sherman and Michael A. Meeropol differs from other texts in that this book stresses far more the inherent instability of the macro-economy.
Principles of Macroeconomics
For intermediate courses in economics. A Unified View of the Latest Macroeconomic Events Macroeconomics, Blanchard presents a unified, global view of macroeconomics, enabling readers to see the connections between goods, financial markets, and labor markets worldwide.
Macroeconomics
What made the false assumption that saving the economy at all cost during a pandemic so popular? This paper discusses different pathways through the COVID-19 pandemic at national and international level, and their consequences on the health of citizens and their economies.
How not to save the economy? The interplay of economics and health during the COVID-19 pandemic
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?
Inflation in economic theory
Quinn Slobodian a historian of modern Germany and international history analysis of current development in the Mont Pèlerin Society and therefore neo-liberalism. He sees neo-liberalist thinkers less as believers in the self-healing power of markets, but more as ordo-liberal Globalists who wanted to protect the markets from post-war politics and especially mass democracy. Their goal of global capitalism is still strong, however sceptics in the Mont Pèlerin Society are rising, which see international migration as a threat to Globalisation. Therefore, turning neo-liberal policies away from international institutions like the EU back towards the national states as new defenders of the markets as well as international trade and investments.
(A development which can be seen in the Friedrich A. von Hayek-Gesellschaft and especially in the "liberal" wing of the German rightwing populist party AfD)
Neo-liberal Globalism and the Backlash from Within
Currency hierarchy and policy space: A research agenda for development economics Barbara Fritz
Currency hierarchy and policy space
What is economics? What can - and can't - it explain about the world? Why does it matter?
Economics: The User's Guide
Qu'est-ce qui explique la crise d'un modèle comme les Trente Glorieuses ? Quel type de capitalisme est en train de se mettre en place aujourd'hui ? Comment nos systèmes économiques évoluent-ils ? Combinant histoire, économie et politique, ce manuel de Robert Boyer introduit à la théorie de la régulation.
Économie politique des capitalismes
In analyzing the global competition between Chinese and Indian tea, Andrew B. Liu challenges past economic histories premised on the technical “divergence” between the West and the Rest, arguing instead that seemingly traditional technologies and practices were central to modern capital accumulation across Asia.
Tea War
Dans son dernier livre Les capitalismes à l épreuve de la pandémie 2020 Robert Boyer tente d analyser l histoire en temps réel les capitalismes face au covid19 Que nous apprend l épidémie de covid19 de nos régimes socio économiques Quelles mesures les différents pays ont ils mises en place …
Les capitalismes à l'épreuve de la pandémie
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?
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 …
Marx Reloaded
The notion that the demand and supply side are independent is a key feature of textbook undergraduate economics and of modern macroeconomic models. Economic output is thought to be constrained by the productive capabilities of the economy - the ‘supply-side' - through technology, demographics and capital investment. In the short run a boost in demand may increase GDP and employment due to frictions such as sticky wages, but over the long-term successive rises in demand without corresponding improvements on the supply side can only create inflation as the economy reaches capacity. In this post I will explore the alternative idea of demand-led growth, where an increase in demand can translate into long-run supply side gains. This theory is most commonly associated with post-Keynesian economics, though it has been increasingly recognised in the mainstream literature.
It’s Demand All the Way Down
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.
Austrian Economics
Post-Keynesians focus on the analysis of capitalist economies, perceived as highly productive, but unstable and conflictive systems. Economic activity is determined by effective demand, which is typically insufficient to generate full employment and full utilisation of capacity.
Post-Keynesian Economics
The concept of financialisation has undergone a similar career as ‘globalisation’, ‘neoliberalism’ or even ‘capitalism’, in the course of which it changed from the explanandum to the explanans; the process of financialisation is taken for granted, while the concrete historical and empirical causal conditions of its realisation and perpetuation are being moved into the background.
A holistic theory of financialisation
The Currency of Politics explains why only through greater awareness of the historical limits of monetary politics can we begin to articulate more democratic conceptions of money.
The Currency of Politics
This module examines current socio-political issues through the lens of pluralism, that is pluralism of theory, pluralism of method and interdisciplinary pluralism
Pluralist Economic Analysis
The module is designed to first present some of the main schools of thought from a historical and methodological perspective. Each week we explore and critically assess the main tenants of each school of thought. In the second part of the module we link history of economic thought and methodology to a specific and contemporary economic question. The second part allows you to engage with current economic issues with an awareness of methodology and methodological differences and with some knowledge of the history of economics.
History of Economic Thought
In this essay the author outlines the basis for embracing a post-work agenda, rooted in an emancipatory potential from the domination of waged work, which could help answer both feminist and ecological concerns with work.
Towards a post-work future: a necessary agenda to reconcile feminist & ecological concerns with work
‘We cannot afford their peace & We cannot bear their wars’:
Value, Exploitation, Profitability Crises & ‘Rectification’
Political Economy based on Marx
This chapter by the Centre for Economy Studies explores how courses on the history of economic thought and methods could look if they were pluralist and interdisciplinary.
Rethinking the History of Economic Thought & Methods
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
Why the war in Ukraine does not jeopardise the dollar's reserve currency status
As the world's energy system faces a period of unprecedented change, a global struggle over who controls the sector--and for what purposes--is intensifying. The question of "green capitalism" is now unavoidable, for capitalist planners and anti-capitalist struggles alike.
Sparking a Worldwide Energy Revolution
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.
Enough! The Sufficiency Approach and the Limits of Economic Growth
This course provides future change makers in public and private sectors with a comprehensive overview on the structures and actors that shape markets.
The Governance of Markets in Challenging Times: From Classic Authors to New Approaches
Introduction Economics is by necessity a multi paradigmatic science Several theoretical structures exist side by side and each theory can never be more than a partial theory Rothschild 1999 Likening scientific work to the self coordinating invisible hand of the market Michael Polanyi cautioned strongly against centralized attempts to steer …
Making Many Maps: Why We Need an Interested Pluralism in Economics and How to Get There
Framing borders as an instrument of capital accumulation imperial domination and labor control Walia argues that what is often described as a migrant crisis in Western nations is the outcome for the actual crisis of capitalism conquest and climate change This book shows the displacement of workers in the global …
Border and Rule
This panel was part of the conference "Next Generation Gentral Banking - Climate Change, Inequality, Financial Instability" 03. - 05.02.2021.
NextGen Central Banking: How the coronavirus almost brought down the global financial system
This panel was part of the conference "Next Generation Gentral Banking - Climate Change, Inequality, Financial Instability" 03. - 05.02.2021.
NextGen Central Banking: Central Banking Beyond Inflation
The world is regularly shaken by crises some are bigger others are smaller in scope Local turmoil military conflicts commodity scarcity bank runs health threats the history of mankind can be written as a history of crises Three major global crises occurred in the last fifty years alone the oil …
Understanding Crises - What to take from here for better policy advice in the future?
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