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Participants should be able to distinguish the strictly non-cooperative (methodological individualist) foundations of traditional neoclassical economics as being couched in self-interested individuals, as well as having basic knowledge of an alternative set of theories based on the primacy cooperation and social norms and extending the breadth of economic analysis beyond exchange.
Cooperative Economics
This course is designed to provide students with an understanding of work-related gender issues and to enable students to analyze the issues using the tools of economics.
Women, Men, & Work
The Covid-19 pandemic has laid bare the deep structural rifts in modern capitalist economies. It has exposed and exacerbated the long-lasting systemic inequalities in income, wealth, healthcare, housing, and other aspects of economic success across a variety of dimensions including class, gender, race, regions, and nations. This workshop explores the causes of economic inequality in contemporary capitalist economies and its consequences for the economy and society in the post-pandemic reality, as well as what steps can be taken to alleviate economic inequality in the future. Drawing from a variety of theoretical and interdisciplinary insights, the workshop encourages you to reflect on your personal experiences of inequality and aims to challenge the way in which the issue is typically approached in economics.
Inequality in the Post-pandemic Era
This course attempts to explain the role and the importance of the financial system in the global economy. Rather than separating off the financial world from the rest of the economy, financial equilibrium is studied as an extension of economic equilibrium. The course also gives a picture of the kind of thinking and analysis done by hedge funds.
Financial Theory
Thinking in Systems, is a concise and crucial book offering insight for problem solving on scales ranging from the personal to the global. Edited by the Sustainability Institute's Diana Wright, this essential primer brings systems thinking out of the realm of computers and equations and into the tangible world, showing readers how to develop the systems-thinking skills that thought leaders across the globe consider critical for 21st-century life.
Thinking in Systems
This syllabus provides an overview of the contents of the course "Understanding Economic Models" at the University of Helsinki.
Understanding Economic Models
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
Der Klimawandel dürfte die globalen Migrationsbewegungen in den kommenden Jahren deutlich verstärken – was die Politik gleich an mehreren Fronten unter Handlungsdruck setzt.
Ob Klima-Migration ein Sicherheitsrisiko oder eine Chance darstellt, liegt in den Händen der Politik
Mainstream inflation theories in economics do little to explain the recent acceleration in price increases. The associated economic policy recommendations further increase the misery of low-income groups.
The inflation conundrum
Transition from central planning to a market economy, involving large-scale institutional change and reforms at all levels, is often described as the greatest social science experiment in modern times.
Handbook of the Economics and Political Economy of Transition
This study offers a unique evolutionary economics perspective on energy and innovation policies in the wider context of the transition to sustainable development. The authors include: - an analysis of the environmental policy implications of evolutionary economics - a critical examination of current Dutch environmental and innovation policies and policy documents - systematic evaluation of three specific energy technologies, namely fuel cells, nuclear fusion and photovoltaic cells, within the evolutionary-economic framework.
Evolutionary Economics and Environmental Policy
To explain the pronounced instability of the world economy since the 1970s, the book offers an important and systematic theoretical examination of money and finance.
Political Economy of Money and Finance
In this overview paper, Laura Porak reviews the history of industrial policy in the European Union before the background of a Cultural Political Economy approach.
History of Industrial Policy in the EU
In this text, Fred Heussner takes up the debate on anti-fascist economics, places it in the context of existing developments and identifies potential for further development.
Anti-fascist economics? For sure! But what does that mean?
This introductory text explores the political economy of water by defining the subject and examining its key issues.
The political economy of water
Die Welt verändern, ohne die Macht zu übernehmen – dieser Buchtitel aus dem Jahr 2002 steht emblematisch für ein Verhältnis zur Macht, das in Teilen der Linken lange Zeit vorherrschend war. Der Autor des Buches, John Holloway, war selbst Teil der Weltsozialforen-Bewegung und stellte sich entschieden gegen herkömmliche Vorstellungen linker Gegenmacht, etwa im Sinne des Aufbaus einer linken Massenpartei. Aus derselben Zeit stammt auch das Konzept der «Multitude» aus der Feder von Michael Hardt und Antonio Negri. Es richtete sich gegen den identitären Begriff eines «Volkes», und ebenso gegen eine politische Bezugnahme auf die «Arbeiter*innenklasse». Diesen politischen Subjekten wurde eine Vielfalt widerständiger, global verteilter Praktiken und Gruppierungen entgegengestellt, die sich jedoch nicht vereinheitlichen ließen. Das Verhältnis dieser Multitude zur Erringung von Macht wurde offengelassen.
Die Macht übernehmen und die Welt verändern?
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.
Doughnut Economics
This lecture offers a general and introductory overview of the theory of racial capitalism, focusing on the origins of racial capitalism and some of the debates it has generated.
Introduction to Racial Capitalism
The Invisible Hand offers a radical departure from the conventional wisdom of economists and economic historians, by showing that "factor markets" and the economies dominated by them - the market economies - are not modern, but have existed at various times in the past.
The Invisible Hand?
Extractivism is a development model based on exploiting and exporting raw materials. It is fundamental to reproducing entire societies, mainly in the Global South, while generating manifold dilemmas. This text situates extractivism within the broader landscape of global economic asymmetries, emphasizing the role of rents—excess revenues generated from resource extraction due to international price differentials—as a central analytical lens.
The Political Economy of Extractivism
This course offered by the International Monetary Fund (IMF) on edX provides an introduction in the major econometric tools used in standard Macroeconomics.
Macroeconometric Forecasting
Diane Perrons and Sigrid Stagl combine feminist and critical environmental economics perspectives to develop a critique of the free market growth model and offer new ideas for a more sustainable gender equitable model of development in the interests of all.
A Feminist Political Economy for an Inclusive and Sustainable Society
A comprehensive account of how government deficits and debt drive inflation
The Fiscal Theory of the Price Level
For a long time, price controls were considered taboo, as neoliberal economic theory assumes that prices are supposedly formed freely by supply and demand. But especially in times of crisis, the state must intervene and cap prices to protect wage earners from excessive burdens. However, the how matters.
Price Controls Against Inflation
Maria Kader provides an overview of the ECB's crisis policies in recent years. She outlines the measures taken, their effects, and their shortcomings.
The European Central Bank in a State of Crisis: Policies, Effects and Downsides
This book offers the first systematic analysis of economic thought concerning war.
War in Economic Theories over Time
Economic theory must distinguish between publicly owned and privately owned property if it is to account for the effect of institutions on the behavior of individuals. Careful study of the theories of Marxists and the real-world experience in the Soviet economy offer important lessons and insight for economic modeling and the ongoing development of theory. In this course, Marxist/Leninist theory and Soviet reality will be studied with an open mind, and with the goal of taking lessons from the case study. To what extent was the Soviet economy an accurate expression of Marxist theory? If Marxism were tried somewhere else would the results be the same?
Economic History of the Soviet Union
Readers of economic and political theory as well as students of economic planning will appreciate this classic, now available for the first time in English. Written eighty years ago, when Sorel became disillusioned with the official socialism of the German and French Marxist parties, this new translation presents Sorel's analysis of the rise and fall of the two great modern ideologies: socialism and liberal capitalism.
Social Foundations of Contemporary Economics
The global economic and political order is undergoing rapid and profound transformation. We are witnessing a far-reaching "organic" crisis of the global economic world order, which may have started with the financial crisis of 2007/2008 but now enters a new, much more dynamic phase.
Towards a New Economics of Collapse and Construction
Die Volkswirtschafts-Studierenden von heute sind die Entscheidungsträger*innen und Berater*innen von morgen. Und genau diese Studierenden äußern, wie auch andere, schon länger Kritik an der ökonomischen Lehre.
Bereitet die Volkswirtschaftslehre auf das 21. Jahrhundert vor?
What does decolonising economics mean? Eurocentrism continues to shape the discipline of economics, leading to inaccurate theories that frame Europe’s development as a universal model.
Decolonising economics: An illustration of the informal economy
The book is offered, in the first instance, to students who are beginners in economics, but some parts of it may be of wider interest.
The three topics, Economic Doctrines, Analysis and Modern Problems, might be the subject of concurrent courses or they may be studied consecutively.
An Introduction to Modern Economics
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