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The postcolonial critique of Economics is one of the sharpest and most comprehensive indictments of the discipline highlighting the discipline s limited treatment of power and culture and the incompatibility of the discipline s theoretical frameworks and predictions with the contexts of most formerly colonised territories This interview of Prof …
"Postcolonialism meets Economics" A Discussion with Prof. Eiman Zein-Elabdin
Mainstream economic theory has been increasingly questioned following the recent global financial crisis. Marc Lavoie shows how post-Keynesian theory can function as a coherent substitute by focusing on realistic assumptions and integrating the financial and real sides of the economy.
Post-Keynesian Economics
What is economics? What can - and can't - it explain about the world? Why does it matter?
Economics: The User's Guide
In its first edition, this book helped to define the emerging field of ecological economics. This new edition surveys the field today. It incorporates all of the latest research findings and grounds economic inquiry in a more robust understanding of human needs and behavior.
Ecological Economics - Principles and Applications
This book explores frontier work at the intersection of experimental and environmental economics, with cutting edge research provided by premier scholars in the field.The book begins by focusing on improving benefit-cost analysis, which remains the hallmark of public policy decision-making around the globe.
Using Experimental Methods in Environmental and Resource Economics
In the book 'Decolonizing Economics: An Introduction' Dutt, Alves, Kesar, and Kvangraven uncover the deeply Eurocentric foundations that shape how economists study the world today.
Decolonizing Economics
Despite the important methodological critiques of the mainstream offered by heterodox economics, the dominant research method taught in heterodox programmes remains econometrics.
Handbook of Research Methods and Applications in Heterodox Economics
Contributors attempt to reconcile two major strands of thinking in economic methodology: the rhetoric of economics as advocated by Deirdre McCloskey, and the sociological approach.
Pluralism in Economics
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
This lecture is based on the “Introducing the Economy” chapter from the Economy Studies book, which introduces the first building block in their framework for transforming the economics education. The aim is to give students a feel and
understanding of the economy as part of a bigger whole. Thus, it is aimed to introduce to students before getting into the economics curriculum with theory and models.
Introducing the Economy
First published in 1983. A collection of papers directed at those outside the field of Economics, to open up discussions around the scientific worth of Economics.
Why Economics is not yet a Science
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
Peter Boettke, Professor of Economics and Philosophy at George Mason University, talks about the history and the main methodological and epistemological tenets of the Austrian school. He argues that good economics is the mainline tradition of "squaring rational choice with the invisible hand theorem through institutional analysis".
The Austrian Tradition in Economics
In this short video 'Raghuram Rajan’s Dosa Economics Explained', the famous theory of Dr. Raghuram Rajan, ex-governor of Reserve Bank of India (RBI), Dosa Economics, has been explained using a very simple example of Dosa ( a delicacy of India). Here, Dr. Raghuram Rajan tries to explain that low interest rate and low inflation is much better than high interest rate and high inflation.
Raghuram Rajan’s Dosa Economics Explained
This Perspective argues that ergodicity — a foundational concept in equilibrium statistical physics — is wrongly assumed in much of the quantitative economics literature. By evaluating the extent to which dynamical problems can be replaced by probabilistic ones, many economics puzzles become resolvable in a natural and empirically testable fashion.
The ergodicity problem in economics
This brief responds to the criticism that mainstream economics is currently facing due to its heavy reliance on models and narrow range of quantitative research techniques. It takes a broader view, identifying issues that are also relevant for heterodox and pluralist approaches to economics.
Rethinking Economics
Economics: A New Introduction provides a fresh introduction to real economics. Highlighting the complex and changing nature of economic activity, this wide-ranging text employs a pragmatic mix of old and new methods to examine the role of values and theoretical beliefs in economic life and in economists understanding of it.
Economics
"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."
An Introduction to Political Economy and Economics
Helps students succeed in the principles of economics course. This title offers trademark colloquial approach that focuses on modern economics, institutions, history, and modeling, and is organized around learning objectives to make it easier for students to understand the material and for instructors to build assignments within Connect Plus.
Economics
This article outlines the fundamental challenges of democratically planned economies and categorises proposed models into six groups, each of which approaches planning and coordination at different levels of authority and between myriad economic units in a particular way, taking into account efficiency as well as democratic principles and environmental and social sustainability. Through a classification system based on decision-making authority and mediation mechanisms, the article provides a framework for understanding and comparing these models. By examining their different approaches, it offers insights into the complexities and potential paths of democratically planned economies in the 21st century.
Rethinking Democratic Economic Planning: An Overview
The first day of the workshop is intended to initiate students to the foundational concepts of ecological economics. Ecological economics is an ecological critique of economics, applying the energetics of life to the study of the economy. It also investigates the social distribution of environmental costs and benefits. It does so by deconstructing concepts that are taken for granted like “nature” or “the economy”, excavating their ideological origins.
Political ecology, degrowth, and the Green New Deal
Winner of the Nobel Prize in Economics
Get ready to change the way you think about economics.
Get ready to change the way you think about economics.
Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans--predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth--and change the way we think about economics, ourselves, and our world.
Misbehaving
This collection of essays, a supplement to History of Political Economy, brings together prominent scholars from economics, sociology, literature, and history to examine the role of biography and autobiography in the history of economics. The first of its kind, this volume looks at the relevance of first-person accounts to narrative histories of economics.
Economists' Lives
In this lecture, Beatrice Cherrier explains why it is worth to research the history of JEL codes. The changing relationship between theory and application and the rise and death of new economic topics in the XXth century through the successive revisions of the classification system economists use to publish, recruit and navigate their discipline.
Understanding the transformation of Economics through the history of JEL codes
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.
The Feminist Economics of Covid-19
Richard Thaler gives a lecture in the 2018 Nora and Edward Ryerson Lecture at the University of Chicago. In the lecture he discusses his Nobel Prize winning research.
Richard Thaler on Behavioral Economics: Past, Present, and Future
Is our system capable of energy transition and climate protection? How plural is economic policy in practice and who makes the big decisions? What kind of change do we want?
Energy and Climate Economics - Where do we come from and where do we have to go?
This course will survey contemporary heterodox approaches to economic research, both from a microeconomic and a macroeconomic perspective. Topics will be treated from a general, critical, and mathematical standpoint.
Heterodox Approaches to Economics
By the end of this course, students should understand the basic economic theories of the gender division of labor in the home and at the workplace, and theories of gender differences in compensation and workforce segregation.
Economics of Gender (Woman in the U.S: Economy)
How do we transform societal structures and pave the way to economic democracy?
Solidarity Economics
This book is a collection of Steve Keen's influential papers published over the last fifteen years. The topics covered include methodology, microeconomics, and the monetary approach to macroeconomics that Keen - along with many other non-mainstream economists - has been developing.
Developing an Economics for the Post-crisis World
This thoroughly revised and updated second edition provides a comprehensive guide to Post Keynesian methodology, theory and policy prescriptions. The Companion reflects the challenges posed by the global financial crisis that began in 2008 and by the consolidation of the New Neoclassical Synthesis in macroeconomic theory.
The Elgar Companion to Post Keynesian Economics
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