Heterodox Economics Newsletter

Issue 284 August 23, 2021 web pdf Heterodox Economics Directory

Once upon a time, a colleague of mine and me submitted a paper to a mainstream journal and it was immediately desk-rejected. The paper was critical of standard theory and featured empirical results supporting our stance, but eventually it was quite standard in terms of methods used. So we decided to try it again and submitted to another mainstream journal of a similar standing – again we received a desk-reject. Actually this happened four times in a row – sometimes editors would simply reject the paper, in other cases they featured a one-page review basically stating that our paper can never get published for reasons we could not fully comprehend.

However, we tried again and submitted to a fifth journal, again with a similar standing as a middle-tier mainstream journal. And after a few months something very surprising happened: We received an email with a warm congratulation by the editors as our paper has been sent out to four different reviewers – and all of those reviewers completely agreed with our draft and requested no changes at all. We were told that such an unconditional acceptance occurs only once every few years and only with very exceptional papers.

Now what does this funny story tell us about the academic publishing process?

First, this story tells a lot about the gate-keeping power of editors (see also here): while in the first four cases editors did not really consult much external expertise, the final outcome could well have been coined by a sympathetic editor, who selected reviewers that shared his basic sympathy for our argument. To be clear: I have no evidence at all that this was indeed the case; still I would deem it a credible hypothesis. Second, my hunch is that established research communities and networks matter – maybe we would have had a better chance at the first four journals, if our prior visibility in the respective field had been greater. And indeed, there are some empirical results out there (e.g. here or here) that confirm this simple intuition that proximity to specific networks and institutions indeed matter for publication outcomes. Third, some of the arbitrariness we face in these processes emerge naturally when journal space becomes very scarce: if rejection rates are high, but the average quality of submissions is acceptable it becomes very hard to make 'objective' decisions, even if all people involved try hard to do so (we have shown this in an ABM some years ago, see here).

Eventually we can be never be sure, which factors, exactly, prove to be decisive. For instance, although our paper did not disclose our heterodox orientation (which typically has a detrimental impact on your publication prospects in mainstream outlets ;-), our critical empirical stance towards established theoretical pillars might have disqualified our paper for some of the editors as also political orientation does matter for your publication outlook (see here).

Taking all this into account I think it's core for young researchers to find a good mental framing for surviving the highly competitive publication process. My main suggestion here is to find the right balance: be ambitious about your target journals, but do not let yourself down by some harsh rejection. Take all the reviews you receive very seriously, but do not hesitate to spell out if a review is somehow misguided or unfair. Try to conform to accepted standards where it is useful for your purposes, but do not drown your creativity in conventions. And finally: try to accept the competitive culture in the aggregate (it cannot be changed in the short run), but try to compensate for the hostility implicit in such highly competitive environments by creating cooperative save spaces in your own working environments. Getting this balance right can help your career and, at the same time, safeguard your sanity in an often difficult working environment.

Hope this helps and all the best,


© public domain

Table of contents

Call for Papers

Journal of Agrarian Change: Special Issue on "The Social Reproduction of Agrarian Change: Feminist Political Economy & Rural Transformations in the Global South"

Edited by Elena Baglioni, Hannah Bargawi, Alessandra Mezzadri, Lyn Ossome and Sara Stevano

The Covid-19 pandemic and its socio-economic consequences have exposed the centrality of social reproduction for the functioning of global capitalism (Mezzadri 2020, Stevano et al, 2021). A set of new and thought-provoking theorisations and scholarly interventions have highlighted the ways in which neoliberalism has restructured the institutions and architecture of care, leading to a crisis of reproduction (Fraser, 2017; Bakker and Gill, 2019), and how social oppression is co-constitutive of, rather than epiphenomenal to, the process of class formation (Federici, 2004; Bannerji, 2005; Bhattacharya, 2017). Notwithstanding their differences in approach and objectives (Winders and Smith, 2019), these theorisations have re-energised earlier feminist debates on the role of the household and the features of gendered and racial oppression under capitalism (e.g. Davis, 1981; Mies, 1982). They are reframing and extending debates on exploitation and value (Mezzadri, 2019; Ferguson, 2019; Cammack, 2020), on processes of racialization (Bhattacharyya, 2018; Glenn, 2010)and on the linkages between social oppression and ecological appropriation (e.g. Moore, 2015), also in a context where social movements against patriarchy, colonialism, racism and environmental destruction have become widespread (e.g. Gago, 2018).

If the lens of social reproduction provides new exciting avenues to reclaim a more inclusive history of capitalism, it also offers an opportunity to review key debates in agrarian change and political economy of development. In particular, whilst a growing set of studies have started grappling with 'decolonising' and decentring social reproduction approaches by focusing on the Global South, informal work, or agrarian systems (e.g. Naidu and Ossome, 2016; Mezzadri, 2017, 2020; Fernandez, 2018; Cousins et al., 2018; Stevano, 2019; Hornby and Cousins, 2019; Baglioni, 2021), and others have highlighted the embeddedness of agrarian labour regimes in 'reproduction zones' (e.g. Pattenden, 2018), more work is needed to systematically place these approaches in conversation with studies analysing the development of capitalism within agrarian settings of the Global South.

In an attempt to contribute to this agenda, this Special Issue deploys a social reproduction lens to engage with theories, debates and empirical studies in the political economy of agrarian change. The political economy of agrarian change has incorporated gendered perspectives, and considered the differential impact of rural transformations on men and women for decades (e.g. Whitehead, 1981; Mackintosh, 1989; Carney and Watts, 1991; Agarwal, 2003; Razavi, 2003; Rao, 2006; Jacobs, 2014; Tsikata, 2016). Building upon these critical insights, the deployment of a social reproduction lens offers a complex theoretical and methodological toolkit that illuminates the ways in which different forms of inequality such as race, ethnicity, caste, class and gender articulate to shape agrarian outcomes. It places at its centre the inter-linkages and dynamics between processes of capitalist production and those involved in the regeneration of life (Katz, 2001; Winders and Smith, 2019). The latter include the reproduction of labour and the environment as they work for, and struggle against, capital. A social reproduction lens emphasises the inherent conflict between forces of production and 'forces of reproduction' (Barca, 2020) as labour in its racialised, gendered forms struggles to build autonomies from capital. In agrarian settings, this perspective may help overcome productivist biases and lead to a more systemic incorporation of feminist perspectives and methods in the study of agrarian change.

At the same time, building on a rich tradition of analyses of capitalist transitions, class differentiation, livelihood and subsistence dynamics within the global South, the political economy of agrarian change has the potential to further highlight global relations of social re/production and enrich the social reproduction gaze beyond its urban and industrial horizon. Critical agrarian political economy traditionally emphasises processes and projects of class making and rural differentiation in the countryside when these are often lost and blurred within essentialist notions of the peasantry, family farming or livelihoods (Bernstein and Byres 2001; O'Laughlin, 2002). It is rooted in a rich tradition of painstaking deconstruction of social relations of production in capitalism and the manifold ways they manifest in agrarian settings inhabited by 'classes of capital' and 'classes of labour' (Bernstein, 2010; Banaji, 2010; Harriss-White, 2014). Indeed, in pursuing this tradition and agenda, the special issue builds on the many contributions of scholars of agrarian change who have, directly and indirectly, spoken significantly about the centrality of reproduction to understanding accumulation and/or class formation (e.g. Benholdt-Thomsen, 1982; Sharma, 1985; Sender and Smith, 1990; Chari, 2004; Moyo and Yeros, 2005; Moyo et al., 2013; Shivji, 2017; Cousins et al, 2018); access to land and processes of proletarianization in the Global South (Ossome and Naidu, 2021 forthcoming); the industrialisation myth and new agrarian questions (e.g. Moyo et al 2013); trans-local processes including labour circulation and the outcomes of rural industrialisation (e.g. Hart, 2002; Lerche and Shah 2020); and the relation between production, reproduction and health outcomes (e.g. O'Laughlin, 2013). Moreover, it also builds on the excellent work of agrarian political economists on the role and centrality of the household and care provisioning in processes of agrarian transformation (e.g. Razavi, 2009).

The special issue aims at analysing the spaces, temporalities and practices of social reproduction in agrarian contexts of the Global South, drawing broad reflections on how a social reproduction lens contributes to framing, understanding and analysis of contemporary agrarian questions. The issue calls for contributions able to:

Given the Special Issue's objective to decenter and decolonise debates on social reproduction and unveil its linkages with debates on agrarian change, the editors welcome a variety of contributions, ranging from original articles to shorter commentaries and position papers based on original research, in order to collect multiple voices and analytical perspectives on the relevance of social reproduction in the context of the political economy of agrarian change. We particularly welcome contributions from scholars from the Global South.

Those interested should submit a 200-word abstract for consideration to Dr Elena Baglioni (corresponding editor) at e.baglioni@qmul.ac.uk. Pllease find the full call here.

Decisions on inclusion in the Special Issue will be communicated by 31st October 2021, and the authors selected will be asked to submit full papers by 30th June 2022. Papers will be finalised based on editors' initial reviews, and the Special Issue will be submitted in full to the Journal of Agrarian Change by 15th December 2022.

Submission Deadline 30 September 2021

Cambridge Journal of Economics: Special Issue on "Celebrating the 120th anniversary of Joan Violet Robinson: Her Lessons for Today"

Guest Editors: Carolina Alves and Jan Toporowski

Internal Editors: Sue Konzelmann and Alan Shipman

2023 marks the fortieth year since the passing of Joan Robinson and her one-hundred-and-twentieth anniversary. This special issue of the Cambridge Journal of Economics aims at presenting a collection of papers that reflect the extraordinary breadth of Robinson’s career and examine what insights these might offer the economics profession and policymakers to address our seemingly most intractable problems of inadequate demand, rising margins with falling competition, and widespread and seemingly intransigent inequality and its consequences. For Robinson, the purpose of our discipline is in understanding the real world to enable all global citizens to enjoy life to the full. It is therefore fitting that we follow her lead and demand that we ask of ourselves whether we have done enough to address her challenges to economic theory.

Since her death in 1983, modern economics has evolved. Despite a whole new look at markups and imperfect competition and lack of competition, the assumption of perfect competition (‘potential’ if not actual) came back and is well established in economic analysis; Marxism has renewed interest in questions of value, the rate of profit, and inequality; and Keynesianism has mutated into New Keynesianism and Post-Keynesianism. With political economy facing unprecedented challenges, the fortieth anniversary of Joan Robinson’s death and the one-hundred-and-twentieth anniversary of her birth in 2023 are excellent occasions to review her work and critical observations on twenty-first-century economics.

For this Special Issue of the Cambridge Journal of Economics we invite scholars to discuss how Robinson’s writings have influenced economics and can continue to advance it in the 21st Century. The Special Issue is not merely interested in the history of Robinson’s thought but in interpreting, applying, and advancing her economic and methodological ideas. We are particularly interested in assessing the impact of her publications and work in three broad areas:

How to submit

Submissions should be made using the journal’s online submission system. There is the opportunity, during the submission process, to indicate that your manuscript is a candidate for the planned special issue entitled ‘Celebrating the 120th anniversary of Joan Violet Robinson’. Please ensure that this is signaled so that your manuscript can be tagged as a special issue submission. Authors are also advised to include a note indicating this in a covering letter – this can be uploaded during the submission process.

All papers submitted will be considered using the CJE’s usual preliminary assessment and peer review process. Please refer to the Journal’s information for authors.

For further information, please email the Guest Editors: Carolina Alves (cca30@cam.ac.uk) and Jan Toporowski (jt29@soas.ac.uk).

Submission Deadline: March/April 2022

Conference & Special Issue: Sustainable finance and digitalization (online, November 2021)

30 November 2021 | online

Digitalization and sustainability are the keys to the future of finance. Sustainable finance is gaining momentum around the globe, and digital technologies have a key role to play in this transformation of the financial sector. We are calling for research papers to be presented from diverse disciplines, in an effort to promote a more holistic perception and integrated research approach to understanding sustainable finance, digital finance, and regulation. Both empirical and theoretical papers are welcome.

Thanks to digital finance, a large amount of data is available more quickly and at a lower cost. Digital finance also increases overall transparency for market participants and access to information related to sustainable investments. Fintech, artificial intelligence, blockchain, and the internet of things create opportunities for more efficient integration of environmental and social criteria into finance and investment decisions. The digital transformation of the financial sector may also promote greater inclusion and innovation, thereby increasing opportunities for individuals and businesses to participate in the financial value chain and unlocking new business models. These new trends raise a number of novel, challenging questions and topics for finance that can be addressed at the conference and in the special issue (non-exhaustive list), including:

This conference is co-sponsored by the DIW Berlin and the Quarterly Journal of Economic Research, which has also accepted to dedicate an issue to the conference.

Submissions of abstracts

These should be maximum of 400 words long, plus bibliographical references (if appropriate) and plus short biographies about author(s). The abstract should be sent to Mechthild Schrooten (mechthild.schrooten@hs-bremen.de), Armin Varmaz (armin.varmaz@hs-bremen.de) and Dorothea Schäfer (dschaefer@diw.de) by August 31st, 2021. Authors will be informed of their participation by September 14th, 2021.

Submission of papers

All authors of accepted abstracts will be asked to submit a full paper for the Quarterly Journal of Economic Research 4-2021 (DIW Vierteljahrsheft). Submitted papers should not have been previously published nor be currently under consideration for publication elsewhere. The paper should be written in English and sent to Mechthild Schrooten (mechthild.schrooten@hs-bremen.de), Armin Varmaz (armin.varmaz@hs-bremen.de) and Dorothea Schäfer (dschaefer@diw.de) by November, 30th, 2020 for the peer-review process.

Submission Deadline: 31 August 2021 (abstracts) / 30 November 2021 (papers)

EAEPE 6th Research Area Workshop: Economics of knowledge creation and utilization in regions (Volos, October 2021)

1-2 October 2021 | Volos, Greece

The European Association for Evolutionary Political Economy (EAEPE) workshop series provides since 2015 a platform for constructive, open, and interdisciplinary scientific discourse. The aim of our workshop is to contribute the latest scientific findings at the intersection of knowledge, networks, and regions to the contemporary debate. To accomplish this, we bring together researchers from different disciplines and paradigms to discuss current advances on the role of networks in knowledge creation and utilization in a regional context in an amicable and constructive atmosphere. Contributions by young scholars are highly welcome.

The 6th RA [X] ‘Networks’ Workshop will focus on the ‘Economics of knowledge creation and utilization in regions’ is a joint initiative of the EAEPE Research Area [X] ‘Knowledge, Networks and Regions’ (Muhamed Kudic and Claudius Gräbner) and the Research Area [D] ‘Innovation and Technological Change’ (Andreas Pyka and Ben Vermeulen) and will be realized in cooperation with the University of Thessaly (Department of Economics and Research Institute for Entrepreneurship and Innovation, Yeoryios Stamboulis).

Knowledge and innovation are considered to be among the main drivers of economic prosperity. As for today, the relevance of the accumulation of knowledge both for growth and development on the national and regional level, as well as for the business success on the firm level has been documented by numerous empirical investigations from distinct economic paradigms. At the same time, differentials in the accumulation of knowledge might be essential to explain the large and persistent economic disparities at the national and regional level both within and across nation-states, in Europe as well as overseas. These disparities have motived a wide range of innovation policies. However, the success of such policies is by no means guaranteed, and the economic development patterns among countries over the past decades have been considerably uneven. In other words, we are still confronted with numerous open questions when it comes to understanding how knowledge relates to regional development, what is the role of institutions and system failures or how regional policy interventions can be used to foster egalitarian development.

In summary, this year’s workshop on the “Economics of knowledge creation and utilization in regions” welcomes contribution addressing the following issues:

The sessions will be organized around presentations by the participants (20 minutes). All participants are expected to give a short co-presentation to another presentation at the workshop (5 minutes). We also leave room for paper-specific questions as well as general discussions (5 minutes).

Conceptual, as well as empirical contributions within the thematic scope described above, are welcomed. Please submit extended abstracts (500-750 words, PDF or Word) online to: rax-workshop@protonmail.com by August 26. Registration for the event and payment of the workshop fee closes on September 5.For the full details of the CFP please refer to the webpage.

Submission deadline: 26 August 2021

Extended Deadline: 7th SVOC: The changing repertoire of state intervention to promote development in an unfolding new world order (hybrid, November 2021)

29-30 November 2021 | Budapest / online

We have extended the call for papers for the 7th The Role of State in Varieties of Capitalism (SVOC) conference, titled The Changing Repertoire of State Intervention to Promote Development in an Unfolding New World Order. It will most likely be held in hybrid format, partially from Budapest, partially online. Abstracts (max. 300 words) are expected until 15 September 2021 via the easychair system.

Following the global financial and economic crisis of 2008–9 and, more recently, due to the COVID-19 pandemic, one can observe different types of active state interventions and growing state involvement to revive economic growth and development throughout the world compared to the pre-crisis period. Correspondingly, governments must act under new constraints posed (or intensified) by new challenges, which require the reconsideration of the repertoire of developmentalist policies and state interventions. This has led to a renewed interest in the analysis of the role of the state in economic growth and development in general and to a renaissance of comparative capitalism research in particular, with a special focus on the post-crisis varieties of capitalism. Furthermore, this change in the role of the state and governments has important consequences for the state of democracy and democratization in less developed countries.

Though the following list of topics is by no means exhaustive, we encourage prospective participants to submit their empirical or theory-oriented papers in one of the following categories:

Interested may find more information and access to the submission link on the conference webpage.

Submission Deadline: 15 September 2021

Journal of Economics and Statistics / Jahrbücher für Nationalökonomie und Statistik: Special Issue on "Gender Economics"

Guest Editors: Luise Görges, Leuphana University Lüneburg (luise.goerges@leuphana.de), Miriam Beblo, Universität Hamburg (miriam.beblo@uni-hamburg.de) and Doris Weichselbaumer, Johannes Kepler University Linz (doris.weichselbaumer @jku.at)

After more than a century of catching-up, women’s economic outcomes still lag behind those of men. Women are less represented than men in labour and financial markets, and spend more time in non-market activities such as unpaid care and domestic work. They work in different jobs and lower hierarchy levels compared to men, earn lower wages, accumulate less savings, wealth, and pension claims. Over the past decades, economists’ have become increasingly interested in gender inequality. Apart from carefully documenting differences between genders, they have studied their causes and consequences, e.g. the role of culture and social norms, (institutional) constraints, discrimination and gender differences in preferences in cementing inequalities and the potential for policy measures to reduce them. The goal of this special issue is to advance the state of the art in the field with original contributions, including theoretical, empirical or meta analyses.

We welcome theoretical and empirical contributions that shed light on gender inequalities, their causes or consequences. We are particularly interested in submissions that focus on one of the following aspects:

All papers will be refereed by one guest editor and two anonymous referees. They should be submitted in English to https://mc.manuscriptcentral.com/jbnst as Original Article indicating that it is submitted for the Special Issue: Gender Economics. If you are in doubt whether your paper might fit into the special issue, please contact the guest editors.

Submission Deadline: 15 March 2022

Journal of Labor and Society: Special Issue on "Imperialism and Resistance in Middle East and North Africa"

A decade after the epochal revolutions of 2011, the Middle East and North Africa is subject to an extraordinary condensation of the old and new aspects of imperialism. For instance, the 'settler-colonialism' of Israel and the pertinent effects of the 'classical' occupations of Afghanistan and Iraq endure in tandem with new forms of external and regional military interventions. At the same time, decades of forced structural adjustment and the imposition of some of the most comprehensive sanctions regimes are juxtaposed with China's growing economic role in the region.

What is more, this constellation seems to have facilitated the rise of regional powers with a more assertive economic, political and military embedment in the region.
This unique condensation of the moments of 'break' and 'continuity' presents itself in all the contours of the current conjuncture ranging from the immediacy of revolutionary horizons and counter-revolutionary setbacks to shifting uneasy alliances and the unparalleled militarization of the region. Such 'interregnum' urgently calls for critical interventions in understanding the specificity of the 'imperialism of our times' through 'concrete analysis of concrete situations'.

In this respect, Journal of Labour and Society is pleased to announce the call for papers for a special issue journal publication on the theme of Imperialism and Resistance in Middle East and North Africa (MENA).

Possible contributions include but are not limited to the following themes

Submission Instructions

To be considered for this special, please submit a paper proposal, including an abstract of approximately 350 words, a title, your full name, contact information and institutional affiliation by Monday, October 4 at 9:00am EST to nakhaei@yorku.ca. The authors of the selected abstracts will be notified on October 11th, 2021, and invited to submit their papers ranging between 5000 to 7500 words inclusive of the abstract, references, endnotes words by Tuesday February 1st, 2022."

Submission Deadline: 4 October 2021

Phenomenal World: Call for book chapter contributions on the Future of Trade Unionism

Phenomenal World, a publication of political economy, social history, and economic theory, is soliciting articles for its next book on contemporary trade union strategies around the world. The edited volume seeks to examine the challenges that trade unions face in different sociopolitical contexts, as well as possibilities for their revival. Single case and comparative studies are welcome.

If interested in contributing, please feel free to email Maya Adereth at m.adereth@lse.ac.uk.

SASE-RISE 2021 Conference: Climate Change, Social Inequality, and Health Crisis in Ibero-America Countries (online, December 2021)

1-3 December 2021 | online

SASE is proud to (virtually) host its 5th regional conference, Climate Change, Social Inequality, and Health Crisis in Ibero-American Countries. SASE-RISE (Regional Ibero-American Socio-Economics) is an initiative of President-Elect Santos Ruesga and Network M co-organizer Julimar da Silva Bichara. The languages of the conference are Spanish, Portuguese, and to a limited extent English.

The Covid-19 pandemic has marked the future of humanity, exacerbating social problems in Latin America and abroad, and making it increasingly difficult to achieve general well-being in a context of greater contamination that aggravates the situation. Current generations face a singular health challenge that has had widespread effects on the various activities and living conditions of the population—a new fact that has not only deepened old problems but revealed new ones as well.

In general, the prospects for economic reactivation both at the world level and in the Ibero-American continent as a whole depend, in the first instance, on the success of the dissemination of scientific advances to immunize the population. Following that, prospects depend on the implementation of economic and social policies that pursue more economically, socially, and environmentally sustainable development for the region.

To submit, either log into your SASE account or create an account at sase.org and log in; next, visit the 5th SASE-RISE event page and click the green "Submissions" button just below the conference dates.

Submission Deadline: 30 September 2021

Workshop & Special Issue: Urban Space, Commodification and Ethics

Edited by Yusuf Yüksekdağ (Istanbul Bilgi University) and Bilge Serin (University of Glasgow)

“A commodity appears at first sight an extremely obvious, trivial thing. But its analysis brings out that it is a very strange thing” (Marx, 1990, XVIII)

Under capitalist production relations, among other ‘things’, urban space per se has extensively been commodified while also becoming a medium for expanding commodification. Within contemporary urbanization processes, commodification practices variegate from enclosure of commons and public land and privatization of public space and social services, to financialization of real estate and housing. This expansion of commodification in urban space has become visible in many cities, many districts going slower or faster, fully or partially, through processes of gentrification as “the transformation of a working-class or vacant area of the central city into middle-class residential or commercial use” (Lees, Slater and Wyly 2008) in different capacities. From below, local residents mightdemand for improving urban space and built environment that is assumed to develop the districts, make the space more accessible, and increase job opportunities. From above, the state and the real estate industry attempt to impose the canonical triad of the political geography of development, ‘civilized’ behaviour and rule of law in transforming the urban space. Urban regeneration might engender commodification of a variety of public spaces surrounding the target of gentrified locations. On the face value, some individuals might seem free to access the privatised public spaces. However, profit-based management and securitization exclude substantial access of the many, in particular of marginalized groups. In addition, the emerging smart governance might exacerbate these inequalities, given its market-driven rationale, through mechanisms such as symbolic profiling and digital exclusion.

In between neo-liberal urban regeneration and an alternative demand from below for more inclusive production of urban space, certain resistive mechanisms also appear in various forms of commoning practices from social service provision via mutual aid to squatting.

Ethical Perspectives on Urban Space and Commodification

Commodification, as the primitive driving force of capital accumulation, is destined to expand by turning things into market commodities. While the practice per se long remained normalised and unchallenged under capitalist production relations, its expansion to controversial areas of (everyday) life is another story. This expansion results in the creation of ‘contested commodities’ (Radin, 1996). When commodification as a practice and a process enters the contested territory such as living things, its ethical implications are more visible and imminent than, perhaps, privatisation of the grid, water infrastructure or even social services.

Regardless, services and goods pertinent to urban space and the degree of commodification they endure have been a locus of contestation. More attention is required with regards to problematizing commodification and urban space and articulating ethically relevant interests questioning the commodification in this territory. Unlike the urban transformation and gentrification in 1990s, there is now a premise and justificatory rationale of security andhealthy socialization through which urban locus is built upon - while the cities are overrun ith increasing population and building densities. There is also a growing concern about commodification-smart city nexus among scholars, but this has not been reflected in the ethical literature that rather targets implications of datafication on privacy and surveillance. We argue that there is a recent growing interest in the practices like gentrification or privatisation of public space in reference to the economic factors behind these practices, their role in dispossessedness, and their impact on individuals’ right to shelter –those practices deepening the commodification in urban space should be questioned to their very core regarding ethical implications as well.

These should not be investigated only in economic terms nor should housing be confined to a matter of shelter. This is not a bandwagon approach but rather to highlight the commodifying logic of the recent urban transformation that leads to deal with the end-result of intensified commodification in urban spaces rather than discussing the very wrong of conceiving them as a commodity before they are labelled as one.We propose three questionsto explore the commodification in/of urban space: How to conceptualize it? What
are the examples of its practices and processes? What are its ethical implications?

Exploring these warrants a conceptual and empirical discussion on different processes and practices of commodification targeting the urban spaces, and decommodification in urban space together with their ethical implications and approaches. We invite conceptual, empirical and ethical studies engaging the commodification in/of urban space and its
ethical implications, broadly defined. These may be around the themes and the questions below, but not limited to:

Format of the Publication

This call is for a Special Issue on Urban Space, Commodification and Ethics. We aim to hold an online workshop on the 29th of October 2021 (subject to change) in order to facilitate discussion among the authors. The workshop will be a medium for the authors to debate their argument with each other as well as making themselves familiar with other papers through the paper presentations. The target journal will also be decided during the workshop. After the workshop, the authors will have 3-4 months to finalise the papers (deadline: 28th of February 2022).

Please send the abstracts around 400 words to yusuf.yuksekdag@bilgi.edu.tr and Bilge.Serin@glasgow.ac.uk. The abstract should clearly state the aim, methodology and position/theoretical approach of the research. Notification of abstract selection results: 24th of September 2021.

Submission Deadline: 15 September 2021

Call for Participants

4th Annual London Workshop on Institutional Studies (online, Sept. 2021)

21-22 September 2021 | online

On behalf of the Friday Association for Institutional Studies (a collective including members of the Birkbeck Centre for Political Economy and Institutional Studies (CPEIS), the Centre for Comparative Studies of Emerging Economies (CCSEE) at the School of Slavonic and East European Studies (SSEES UCL) and the Institute for International Management at Loughborough University London), we are delighted to announce the program for the 4th annual London workshop on institutional studies.

Workshop Theme: "Crisis and Persistence: Dynamics of institutional changes at the interface between formal and informal institutions"

As the COVID sanitary emergency continues to unfold, and despite the glimmer of hope afforded by the vaccine roll-out in some parts of the world, we are reminded of the key role crises often play in institutional change. Indeed, they constitute opportunity windows for change and sometimes moments of critical junctures and structural breaks in the development of economic institutions. However, some – even major – emergencies do not seem to have the expected disruptive effect on institutional arrangements, with institutional features showing remarkable resilience in the face of major upheaval. One stream of scholarship focuses on “punctured equilibrium” models (Baumgartner and Jones 1993), “grammar of institutions” (Crawford and Ostrom 1995) or “critical junctures” (Acemoglu and Robinson, 2012), that is to say on events or conditions generating big and radical institutional changes. Another stream of research has pointed out the importance of more subtle processes of institutional change, proposing theoretical tools that capture incremental, but still transformative processes of change.

Against this general backdrop, one important understudied aspect is the role of informal institutions and their interplay with formal institutions in processes of institutional change. Crises are often associated with disruption of the formal institutional order, while little attention is paid to the role of informal institutions. Informal institutions are sometimes seen as ‘second best’ (Rodrik 2008) compared to more formal institutional arrangement. However, in crisis situations when the formal institutional order breaks down or is severely challenged, informal institutions may prove crucial for economic activity to persist by providing resilience. Conversely, whether or not a crisis will provide an opportunity for formal institutional change may also depend on whether informal institutions supporting the status quo remain unchallenged or are equally shaken by the crisis. More generally, informal institutions have been conceptualised as shaping the implementation of formal institutions, making them a more fundamental driver of institutional change.

Overall, we thus contend that crises provide opportunities to further our understanding of the interplay between formal and informal institutions. Better understanding the interplay between formal and informal institutions in times of crises holds important lessons for both theory and policy making. In certain circumstances, socially desirable change does not happen although recurring crises may show the limitations of the existing system. Conversely, more research is needed on what makes institutions resilient to crises even when change appears desirable. Both issues require a better understanding of the interplay between formal and informal institutions.

We have an exciting program with 2 paper sessions on institutional change and persistence under pressure, and a keynote from Prof Alena Ledeneva (SSEES, UCL) entitled “Informal Institutions: Paradigm Shifts and Matters of Ambivalence”.

You can find the full program and the links to register to attend the sessions at the official website.

7th International Conference on The Shadow Economy, Tax Behaviour and Institutions (online, Sept 2021)

23 September - 26 September 2021 | online

The 7th International Conference on “The Shadow Economy, Tax Behaviour and Institutions” aims at bringing together researchers studying the shadow economy, tax systems, and tax compliance, and questions related to the evolution, operation, and design of formal and informal institutions, social and cultural norms and customs, and psychological aspects of tax behaviour. The "Shadow 2021" conference will be held virtually and will provide a great opportunity for scholars across disciplines to explore and discuss recent research developments in these fields.

Keynote Speakers:

The registration for the Shadow 2021 conference is now open as follows:

For related inquiries, please contact Professor Catalina Granda-Carvajal at catalina.granda@udea.edu.co

Registration Deadline: 1 September 2021 (accepted papers) / 9 September 2021 (attendees)

Foundational renewal: Transforming reliance systems in the wake of COVID-19 (online, September 2021)

7-9 September 2021 | online

COVID-19 has severely impacted economies around the globe and exposed the fragility of our foundational reliance systems. While the pandemic has demonstrated the limitations of healthcare systems, the lockdowns have placed a heavy strain on various other foundational sectors, including care, education, and food provision. At the same time, the introduction of economic recovery plans and the disruption of global supply chains have reignited efforts to oppose austerity and re-localize value creation. The new challenges arising from this conjuncture only add to the pre-existing crises of nature and neoliberal capitalism, manifested by climate emergency, worsening inequalities, and a lack of social governance. To confront these challenges with a social and ecological transition, the foundational economy requires a substantial renewal driven by new ways of thinking and collaborative action.

This conference by the Wales Institute of Social and Economic Research and Data (WISERD) will contribute to this renewal through the dialogue between researchers and practitioners. With the importance of the foundational economy already established it focuses on exploring how it can be rebuilt, enhanced, and sustained in response to the new and old challenges magnified by the pandemic. The aim is to both reflect on fundamental questions, such as how the foundational economy can contribute to a good life for everyone (and how we should study this) and discuss the achievements and challenges of concrete projects, such as place-based social experiments, governance measures, and civil society movements. Invited speakers and discussants will share their scientific insights and practical experiences from across the foundational economy and outline a range of alternative and innovative practices – from Wales, the UK, and abroad – that may point towards a more just and sustainable future.

The conference involves three days of panel sessions, each day revolving around a central theme:

To attend this event please register here.

Global Labour University Free Online Course: "Regulating Global Supply Chains to Empower Workers"

from 1 September 2021 | online

A free online course discussing key policy proposals for regulating global supply chains along six main areas:

Course methodology: This is a multi-disciplinary course drawing on the fields of social, political and economic sciences. It combines high-quality lectures with carefully selected reading materials and zoom workshops with top experts from academia and the labour sector.

You can also get a Certificate: You may obtain either a Certificate of Participation or a Certificate of Accomplishment upon completing this course. The requirements for each certificate as well as scholarship possibilities are detailed in Chapter 1 of the course.

Don’t wait, click below to enroll and take another step in learning how to regulate global supply chains to empower workers: Enroll Now

Historical Materialism East Asia 2021: Recentering East Asia (online, August 2021)

21-22 & 28-29 August 2021 | online

Over the last quarter-century, East Asia has moved to the centre of global capitalism. In the past, understanding of East Asian capitalism(s) has drawn on theoretical concepts such as developmental state, embedded autonomy, Asian labour system, state capitalism and others. Are such concepts still applicable and relevant? What other new theoretical approaches should we consider in analysing East Asian capitalism(s)? Moreover, how do we understand the multiplicity of crises in the region: labour, reproductive, ecological, social, political and economic? How have labour and social movements responded to these crises, and what are the alternatives? What theoretical and historical lessons and legacies can we reevaluate and engage from East Asia's own past?

The Historical Materialism conference in East Asia in 2021 promotes theoretical and empirical assessments of labour and capital mobilities in East Asia in recent decades and their practical implications for workers and the labour movement. Through the conference, we also hope to strengthen ties and engagements among researchers and organisers of labour movements from across East Asia. In this year's conference, we will engage in the theoretical, historical and contemporary debates on:

This conference is co-organized by the Centre of Social Innovations Studies at the Chinese University of Hong Kong and the Department of Social Development at Pingtung University in Taiwan, and co-sponsored by the Sogang Global Korea Initiative at Sogang University in South Korea. For more details or for registration please visit the official conference webpage. For inquiries, you may contact the organizing committee at hmeastasia2021@gmail.com.

International Finance and World Trade: On the Way to a Democratic and Social-Ecological Transformation? (online, Sept 2021)

28-29.09.2021 | online

Conference Theme: "International Finance and World Trade: On the Way to a Democratic and Social-Ecological Transformation?"

The conference "International Finance and World Trade: On the Way to a Democratic and Social-Ecological Transformation?", hosted by the University of Vienna, will take place online on 28-29 September 2021. Besides various thought-provoking paper and journal sessions, Prof. Supriya Singh will be a keynote speaker on "Money as a Medium of Care and Abuse in International Finance and COVID-19", while Prof. Ulrich Brand will talk on "Beyond Corona and the imperial mode of living: Approaches to a social-ecological transformation". The conference closes with a political debate on Global (Green) New Deal concepts.

Registration for Participants is now open. Please find the registration page and further information on the official website.

Registration Deadline: 21 September 2021

Job Postings

Delft University of Technology, Netherlands

Job title: Assistant Professor (tenure track) / Associate Professor inEconomics of Technology and Innovation (ETI)

The research of the ETI section covers a broad spectrum ranging from investigating the economics of innovation processes in organizations to technology development in socio-technical systems, as well as empirical analysis on innovation performances at the macro-level. These research themes are funded through e.g. the Dutch Research Council (NWO), the European Framework Programs such as H2020 as well as private and public funders. The section also participates with the Leiden-Delft-Erasmus Centre for Frugal Innovations aimed at technology and innovation development in low- and middle-income economies. The teaching activities of ETI are in the bachelor program and the three master programs of the TPM faculty as well as in other engineering programs at Delft University of Technology. The section ETI is part of the Department of Values, Technology and Innovation (VTI) at the Faculty of Technology, Policy and Management (TPM) at TU Delft.

The ETI section offers positions for economists at the level of assistant professor (Tenure Track) and/or associate professor. The successful candidates are expected to perform academic research and contribute to a research team in economics applied to technological systems and infrastructures such as energy, health, water management, artificial intelligence, and/or robotization. The section ETI is methodologically open and welcomes applications from candidates with diverse theoretical economic perspectives, e.g. though not exclusively institutional economics and/or international economics. The successful candidate will also be involved in the teaching activities of the ETI section.


The candidate should have:

Application process

Please submit your application online no later than October 3rd, 2021. You can only apply via the application button on the job posting page; applications sent to one of the mentioned email addresses will not be processed. To apply, please submit the following:

Interviews with selected candidates will take place in October - November 2021 either off-line or online.

For more information about this position, please contact Dr. C.P. van Beers (c.p.vanbeers@tudelft.nl) or Dr. A.F Correlje (a.f.correlje@tudelft.nl).

Application Deadline: 3 October 2021

Radboud University, Netherlands

Job title: PhD Candidate: Safeguarding Trust in Climate Change Mitigation Projects in Ghana

Transnational climate change mitigation projects (TCCMPs) form part of the wider Sustainable Development Goals (SDGs) agenda, span across multiple levels of governance (international, national, regional, local), and involve a broad range of actors with different worldviews and sometimes contradictory interests. The resulting tensions are aggravated by highly unequal power relationships. In terms of environmental justice, climate mitigation projects often lead to asymmetric (economic, social, cultural, and environmental) outcomes and are moreover accused of neglecting local values and norms. To remedy these problems, internationally agreed safeguard protocols have been adopted for the governance of TCCMPs. As of yet, however, little is known about whether these safeguards contribute to environmental distributive justice.

In this PhD project called 'Safeguarding Trust? The Transnational Governance of Climate Change Mitigation Projects in Ghana' you will investigate whether TCCMP safeguards foster mutual trust and thereby facilitate the recognition of local values, ensure equal co-determination rights, and contribute to an equitable distribution of benefits and burdens. You will analyze local TCCMP projects in their multi-level governance setting, including local, sub-national, national, and international levels. The empirical focus will be on Ghana as a case study country that not only has become a major target country for TCCMPs but also aspires to abandon foreign aid as part of its sustainable development strategy. You will conduct multi-sited fieldwork combining ethnographic research and participatory observation at international organizations and in the donor country.

In addition to research, you will teach courses at the Geography, Planning and Environment (GPE) department and the Political Science department.


Offer details

How to apply

Please address your application to Ingrid Visseren-Hamakers and submit it, using the application button on the posting webpage, no later than 17 September 2021, 23:59 Amsterdam Time Zone. Your application should include the following attachments:

The first round of interviews will take place on 1 and 8 October 2021 in the afternoon. The second round of interviews will take place on 15 October 2021 in the afternoon.

For more information about this vacancy, please contact Ingrid Visseren-Hamakers, Chair of Environmental Governance and Politics at ingrid.visseren@ru.nl.

Application Deadline: 17 September 2021 - 23:59 CET

The Open University, UK

Job title: PhD Studentship on The Dynamics and Effects of Chinese Infrastructure Investment in Europe

We are delighted to invite applications for a PhD Studentship funded by the REDEFINE research project (European Research Council & Horizon 2020) and the Open University’s Faculty of Arts and Social Sciences. This research project, based in the Faculty of Arts and Social Sciences, seeks to examine the impacts of China’s growing role in European infrastructure investment and what this means for both Europe’s place in the world and understandings of global development.

Project Scope Summary

The 2013-16 period saw China investing heavily across Europe and it is likely to remain an important source of finance especially as a new EU-China Investment Agreement was signed in December 2020. While China views Europe as fertile ground for infrastructure investment, many European firms and governments are ill-equipped to deal with these political and economic changes. The REDEFINE project seeks to understand what is driving these investment projects, how these projects are put together, and what impacts they are having at a range of scales. REDEFINE examines the role that China is now playing in Europe, by looking at Chinese investments in critical infrastructure in four countries – UK, Germany, Hungary and Greece. It is an innovative inter-disciplinary project which cuts across geography, politics, planning, urban studies, economics, sociology, anthropology, and development studies.

REDEFINE is structured around 3 broad themes and we welcome PhD projects that address one or more of these themes in innovative and original ways. The themes are:

Theme 1: Driving - Understanding the motives for China’s move westwards & Europe’s infrastructure needs China has increased investment and trade with resource-producing countries, but Chinese firms are also seeking technology, know-how and experience of international business. REDEFINE aims to better understand the range of Chinese firms operating in Europe, assess their business models, and track China’s changing policy environment that shapes their internationalisation.

Theme 2: Gathering - Understanding the multi-scaled modalities of infrastructure projects China’s involvement in Europe will include both state-sponsored investment vehicles and corporations and private sources of investment that tend to be less regulated. REDEFINE focuses on the nature and experience of the emergent partnerships between Chinese and European firms, as well as the engagement of Chinese investors with national state agencies at local, regional and national levels.

Theme 3 - Understanding the outcomes of & reactions to Chinese investment As recent EU policy has acknowledged, regulation of Chinese investments is critical given a range of concerns around financial probity, security, intellectual property and standards. Linked to analyzing regulation are other outcomes so REDEFINE aims to assess a range of issues including economic localisation, regulation, political resistance, and broader changes in identity.

REDEFINE will take a disaggregated approach to unpack project-by-project effects. Through comparative case studies in the UK, Germany, Greece and Hungary (see further details) REDEFINE will produce fine-grained analysis to address these 3 themes By better understanding how investment deals operate, REDEFINE will connect Chinese and European government and corporate actors in order to influence their strategies and practices.

How to apply

Completed application forms, together with a research proposal and a covering letter should be sent to FASS-PhD-Applications@open.ac.uk

Application Deadline: 21 September 2021 - 17:00 GMT


Call for Submissions: ISRF 2022 Essay Prize in Economics

The Independent Social Research Foundation (ISRF) and the Cambridge Journal of Economics (CJE) intend to award a prize of EUR 7,000 for the best essay on the theme, ‘What contribution can heterodox economics make to addressing the climate emergency?’ Authors are free to choose their topic and title within this wider theme.

Essays are invited which explore the potential contribution of any aspect(s) of heterodox economics, broadly construed, to addressing the climate emergency. Possible sub-topics include:

Essays could discuss theoretical issues in general terms, or focus on specific problems or practical strategies.

The essay will be judged on its originality and independence of thought, its scholarly quality, its potential to challenge received ideas, and the success with which it matches the criteria of the ISRF and the CJE. The successful essay will be intellectually radical, orthogonal to existing debates, and articulate a strong internal critique across the fields of economic research. Its challenge to received ideas will have the potential to provoke a re-thinking of the topic.

The winning essay will be selected from submissions received within the submission window commencing 1st September 2021, closing at midnight on 30th September 2021. The result will be notified to applicants by email by the end of July 2022 and will then be announced by posting on the websites of the ISRF and of the CJE. Submissions should be made – within the submission window only – online at: http://mc.manuscriptcentral.com/cje

The full statement of the ISRF’s criteria and goals may be viewed here. For inquiries, call +44 (0) 20 7262 0196 or email essayprize2022@isrf.org

Submission period: 1 September 2021 - 30 September 2021

Winner Announcement: History of Economics Society Distinguished Fellow Award

The History of Economics Society is very happy to announce the final award for the year -- that of the Distinguished Fellow. The society's distinguished fellow award recognizes a member who has contributed to a lifetime of study. This year's fellow is Cristina Marcuzzo. Dr. Marcuzzo is a full professor of Political Economy at the University of Rome, La Sapienza and a Fellow of the Italian Academy of Lincei. She has worked on many diverse topics in the history of economic thought, including classical monetary theory, the Cambridge School of Economics, Keynesian economics. She has published more than 100 journal articles and books and has authored or edited another 20 volumes of work. She has served on many, many HES committees over the years. Countless young scholars have benefitted from her sound advice, warmth, and encouragement. Previous fellows can be found on the website.

Winner Announcement: Elinor Ostrom Prize

The annual Elinor Ostrom Prize competition is awarded to the best paper published in the Journal of Institutional Economics in the preceding year. The prize of £1000 is financed by Millennium Economics Ltd, the owner of the journal. The 2021 Elinor Ostrom Prize was announced on 7 August 2021, on the occasion of the birthday of the late Elinor Ostrom.

The joint winners of the 2021 Elinor Ostrom Prize are:

The jury for the 2021 Elinor Ostrom Prize competition comprised: Richard Adelstein, Elodie Bertrand, Daniel Cole, Christopher Coyne, David Dequech, Brett Frischmann, Sophia du Plessis, Thráinn Eggertsson, Roger Koppl, Michael McGinnis, Sheilagh Ogilvie, Edella Schlager, Mary Shirley and Irene van Staveren.

Previous winners of the Elinor Ostrom Prize can be found on the website.

Winner Announcement: History of Economics Society Joseph Dorfman Best Dissertation Prize

The History of Economics Society kicked off this year's awards with the Joseph Dorfman Best Dissertation Prize awarded to Dr. Agnès Le Tollec for her “Finding a New Home (Economics): Toward a Science of the Rational Family, 1924-1981.”. This deeply researched and clearly written thesis traces the history of the economics of the family in the United States, from its roots in home economics during the early years of the 20th century down to the emergence of the “new home economics” in the work of Gary Becker and others from the 1960s onward. Working with the sources and methods of intellectual as well as institutional history, and drawing on a wealth of archival materials, the thesis develops a number of significant themes concerning the relationship between home economics and “mainstream economics,” gender and the economics profession, the growing importance of understanding consumer behavior within 20th-century economics, and the relationship between economics and 20th-century consumer activism. Especially in this pandemic year, as the vital economic significance of the home was brought into sharp relief, the topic and themes of the thesis are timely and significant. Previous prize winners can be found on the website.

Winner Announcement: History of Economics Society Joseph Spengler Best Book Prize

After careful consideration of many excellent books, the Spengler committee decided that two contributions deserved this year’s award. The winners of the Spengler Best Book Prize 2021 are equally original and sophisticated studies in the history of calculation. Both books go beyond the insight that seemingly neutral quantitative knowledge involves politics. Looking at calculation as practice and culture, they brilliantly engage with the intimate and manifold entanglements of calculative techniques, economic ideas, moral precepts, social ideals, and political values.

Calculated Values: Finance, Politics, and the Quantitative Age by William Deringer deals with the increasing importance of calculations within and through political dispute in Britain after the “Glorious Revolution” of 1688. Exceptionally well written, the book demonstrates that it was precisely because numbers were morally laden, highly personal, and frankly partisan, that calculation became an authoritative form of public reasoning. In the pamphlets, polemic articles, and personal notes of early modern British calculators, numerical facts and figures appeared as a creative and rhetorically compelling way of navigating politics. Deringer provides a fresh reading of a variety of debates, including one about public accounting for government oversight, the “Equivalent” (a one-time-payment to Scotland to offset the costs of union), England’s balance of trade with France, the politics of public debt, and the South Sea Bubble. This series of case studies not only tracks the various types of calculative styles from the construction of lotteries to financial techniques and arrangements aiming at the regulation of international trade. It also emphasizes the role of a variety of calculative personalities, including lesser-known figures (civil servants, accountants, mathematicians, politicians, bankers). As Calculated Values formidably moves between intellectual, economic, political, and cultural history, it calls for a revival of a more heterogenous and straightforward politics of numbers.

Calculation and Morality: The Costs of Slavery and the Value of Emancipation in the French Antilles by Caroline Oudin-Bastide and Philippe Steiner offers a precise and vibrant account of the role of economic calculations in the French debates over colonial slavery and abolition from the 1770s through the emancipation decree of 1848. Focusing on the debates’ changing form of argument, the book shows how calculations turned into critical social objects, which had both political and cultural effects (for instance, shifting the meanings of morality and liberty). Abolitionists brought infant calculative reasoning to bear on what had been a purely moral debate and thereby grounded it in economic logics. Oudin-Bastide and Steiner convincingly lay out how calculation was thought to enhance morality, rather than being an entirely different way of reasoning. At the same time, quantitative methods reformulated complex epistemic questions and provided a guide to political action—nota bene—for both abolitionist calculators and supporters of slavery. This trenchant study examines well-known economic thinkers, especially those belonging to the French legacy of enlightened political economy (namely Du Pont de Nemours, Turgot, Condorcet, Sismondi, Say, and Tocqueville) as well as more obscure abolitionists and apologists of slavery. Calculation and Morality provides a supreme source for understanding the close connections between numbers, economic thought, and moral philosophy in a proto-global debate in the Age of Revolutions.

Both books stand out for their deep and serious engagement with a vast variety of historical sources, and for their skillful methodological approaches inspired by the history of science and science and technology studies. Historians of economics interested in the intricacies of numbers as moral and political tools ought to read these studies, which will inspire deeper engagement with the politics of quantitative knowledge. Previous winners can be found on the HES website.

Winner Announcement: Society for the Advancement of Socio-Economics: Alice Amsden Book Award

The Society for the Advancement of Socio-Economics awards annually the Alice Amsden Book Award for the best book that breaks new ground in the study of economic behavior and/or its policy implications with regard to societal, institutional, historical, philosophical, psychological, and ethical factors. The 2021 award, announced on 4 July 2021, during the annual SASE conference, goes to historian Amy Offner for her book Sorting Out the Mixed Economy: The Rise and Fall of Welfare and Developmental States in the Americas (Princeton University Press, 2019). The committee also awarded an Honorable Mention to political scientist Aldo Madariaga for his book Neoliberal Resilience: Lessons in Democracy and Development from Latin America and Eastern Europe (Princeton University Press, 2020).


International Journal of Pluralism and Economics Education 11 (4)

Robert Scott Gassler: The global economy: a framework for teachers of microeconomics

Feler Bose: Using Kollywood movies to teach economic development

Junaid B. Jahangir: Teaching ECON 101 - pairing the Mankiw and Komlos texts

Wayne Geerling; G. Dirk Mateer; Mitch Addler: Crazy rich game theory

Ana Costa; Gonçalo Marçal; Manuel Couret Branco: Modes of standardisation for postgraduate teaching in economics in a semi-peripheral country: the case of Portugal

Daniel Diaz Vidal: Macroeconomic podcasts: teaching the internet generation

Capitalism Nature Socialism 32 (2)

Tanya Singh, Pritam Singh & Meena Dhanda: Resisting a “Digital Green Revolution”: Agri-logistics, India’s New Farm Laws and the Regional Politics of Protest

Arran Gare: After Neoliberalism: From Eco-Marxism to Ecological Civilization, Part 1

Peter Somerville: Revisiting Connections between Capital and Nature II: The Case of Climate Change

Piotr Żuk & Paweł Żuk: Between Private Property, Authoritarian State and Democracy: Clearing Trees in Cities and Destroying the Białowieża Forest in Poland

Alexander M. Stoner: Critical Reflections on America’s Green New Deal: Capital, Labor, and the Dynamics of Contemporary Social Change

Andrea Genovese & Mario Pansera: The Circular Economy at a Crossroads: Technocratic Eco-Modernism or Convivial Technology for Social Revolution?

Magdalena Hoły-Łuczaj: Postnatural-Environmental Ethics of Artifacts as a Challenge to Capitalism

Md Mujib Ullah: Equilibrium

Constitutional Political Economy 32 (3)

Editorial: Monika Nalepa, Emilia Justyna Powell: Fragile democracies and constitutional crises: a laboratory for studying the role of constitutional constraints

Monika Nalepa: Transitional justice and authoritarian backsliding

İpek Çınar: Riding the democracy train: incumbent-led paths to autocracy

Zachary Elkins: Term-limit evasions and the non-compliance cycle

Milena Ang, Yuna Blajer de la Garza: Vulnerability, due process, and reform in modern Mexico

Emilia Justyna Powell, Steven Christian McDowell, Robert O’Brien, Julia Oksasoglu: Islam-based legal language and state governance: democracy, strength of the judiciary and human rights

Feminist Economics 27 (3)

Cheryl R. Doss: Diffusion and Dilution: The Power and Perils of Integrating Feminist Perspectives Into Household Economics

Caroline Shenaz Hossein: Racialized People, Women, and Social Enterprises: Politicized Economic Solidarity in Toronto

William Waller & Mary V. Wrenn: Feminist Institutionalism and Neoliberalism

Leanne Roncolato & Cairynne Koh: Underground Employment: Analyzing the Job Quality of New York City Subway Dancers

Carlos Gradín: Occupational Gender Segregation in Post-Apartheid South Africa

Aniruddha Mitra & James T. Bang: Gender Disparities in Post-Conflict Societies: A Cross-National Analysis

Maria Laura Di Tommaso, Anna Maccagnan & Silvia Mendolia: Going Beyond Test Scores: The Gender Gap in Italian Children’s Mathematical Capability

Punarjit Roychowdhury & Gaurav Dhamija: The Causal Impact of Women’s Age at Marriage on Domestic Violence in India

Forum for Social Economics 50 (3)

Forthcoming Special Issue on China’S Socio-Economic, Political, and Cultural Evolution: Challenges for Enterprises, Households, Social Institutions, and Policies

Zhi Wang & Lefteris Giovanis: China Special Issue A Introduction: Economic Growth, Social Policy, and Technological Development

Research Article

Nikolaos Karagiannis, Moula Cherikh & Wolfram Elsner: Growth and Development of China: A Developmental State ‘With Chinese Characteristics’

Franklin Obeng-Odoom: Afro-Chinese Labour Migration

Shuanping Dai & Wolfram Elsner: Shrinking Trust in Growing China: A Trade-Off Between Fast Growth, Change and Institutionalized Cooperation?

Elias Jabbour & L. F. de Paula: Socialization of Investment and Institutional Changes in China: A Heterodoxy Approach

Lorenzo Compagnucci, Dominique Lepore & Francesca Spigarelli: Exploring the Foreign Exposure of Chinese Science Parks in a Triple Helix Model

Alicia Girón: Obituary Eugenia Correa

History of Economics Review 79 (1)

Daniel Kuehn: Australian Federalism in James Buchanan’s Early Work on Fiscal Equity

Franck Jovanovic and Philippe Le Gall: Mathematical Analogies: An Engine for Understanding the Transfers between Economics and Physics

Alexander Tobon: Erik Lindahl’s Pricing Problem in a Two-Period Model

Ramesh Chandra: Allyn Young and the Theory of Index Numbers

John Pullen: Malthus across Nations: The Reception of Thomas Robert Malthus in Europe, America and Japan (Edited by Gilbert Faccarello, Masashi Izumo, Hiromi Morishita, Cheltenham, UK, Northampton, MA, Edward Elgar, 2020, 480 pp., ISBN 1788977564)

J. E. King: F.A. Hayek: Economics, Political Economy and Social Philosophy (by Peter J. Boettke, London, Palgrave Macmillan, 2018, ISBN 978-1-137-41159-4 (hardback), 978-1-137-41160-0 (eBook))

Nathan Saunders: Classical Economic Theory and the Modern Economy (By Steven Kates, Edward Elgar Publishing Ltd, UK, 2020, ISBN-13:978-1786433565 (cased))

Courvisanos Jerry: Pluralistic Economics and Its History (edited by Ajit Sinha and Alex M. Thomas, London and New York, Routledge, 2019, ISBN 978-1-138-09003-3 (hbk))

Gianfranco Tusset: Manual of Political Economy: A Critical and Variorum Edition (By Vilfredo Pareto, edited by Aldo Montesano, Alberto Zanni, Luigino Bruni, John S. Chipman, and Michael McLure, Oxford, Oxford University Press, 2014, ISBN 978-0-19-960795-2)

Industrial and Corporate Change 30 (2): Special Issue on "Macroeconomics and Development"

Giovanni Dosi; Joseph E Stiglitz: Introduction to the first annual special issue on Macro Economics and Development

Francisco Louçã; Alexandre Abreu; Gonçalo Pessa Costa: Disarray at the headquarters: Economists and Central bankers tested by the subprime and the COVID recessions

Joseph E Stiglitz; Martin M Guzman: Economic fluctuations and pseudo-wealth

David Aikman; Mirta Galesic; Gerd Gigerenzer; Sujit Kapadia; Konstantinos Katsikopoulos: Taking uncertainty seriously: simplicity versus complexity in financial regulation

Daniel Heymann; Paulo Pascuini: On the (In)consistency of RE modeling

Katarina Juselius: Disequilibrium macroeconometrics

Giovanni Dosi; Richard B Freeman; Marcelo C Pereira ; Andrea Roventini; Maria Enrica Virgillito: The impact of deunionization on the growth and dispersion of productivity and pay

Guilherme Klein Martins; Peter Skott: Sources of inflation and the effects of balanced budgets and inflation targeting in developing economies

Davide Furceri; Prakash Loungani; Jonathan D Ostry; Pietro Pizzuto: The rise in inequality after pandemics: can fiscal support play a mitigating role?

Valerie Cerra; Antonio Fatas; Sweta C Saxena: Fighting the scarring effects of COVID-19

Joseph E Stiglitz; Martin M Guzman: The pandemic economic crisis, precautionary behavior, and mobility constraints: an application of the dynamic disequilibrium model with randomness

International Journal of Political Economy 50 (2)

Mini-Symposium on the Relevance of Dynamic Stochastic General Equilibrium (DSGE) Modeling in Macroeconomics

Orsola Costantini: Guest Editor’s Note

Servaas Storm: Cordon of Conformity: Why DSGE Models Are Not the Future of Macroeconomics

David Colander: Does Macroeconomics Have a DSGE Future?

Drucilla K. Barker: A Feminist Economist Joins the Conversation

Jeronim Capaldo: Comfort of Conformity

Servaas Storm: A Rejoinder

General Articles

Lance Taylor & Nelson H. Barbosa-Filho: Inflation? It’s Import Prices and the Labor Share!

Elissa Braunstein, Stephanie Seguino & Levi Altringer: Estimating the Role of Social Reproduction in Economic Growth

Kerem Kiper: Industrial Pricing in Turkish Manufacturing During the Early 2000s: A Post-Keynesian Approach

Journal of Economic Methodology 28 (3)

Marion Gaspard & Thomas M. Mueller: Building comparison spaces: Harold Hotelling and mathematics for economics

Nikola Frollová, Marek Vranka & Petr Houdek: A qualitative study of perception of a dishonesty experiment

Walter Veit: Model diversity and the embarrassment of riches

Dawid Megger: Determinism, free will, and the Austrian School of Economics

Teemu Lari: When does complementarity support pluralism about schools of economic thought?

Journal of Evolutionary Economics 31 (3)

Francisco Louçã: As time went by - why is the long wave so long?

John Foster: The US consumption function: a new perspective

Cristiano Antonelli and Christophe Feder: Schumpeterian loops in international trade: the evidence of the oecd countries

Witold Kwasnicki: The role of diversity and tolerance in economic development

Alexander Jordan and Marco Guerzoni: “Cursed is the ground because of you”: The impact of culture, religion, and ethnicity on the adoption of fertilisers in rural Ethiopia

Nirosha Wellalage and Sujani Thrikawala: Does bribery sand or grease the wheels of firm level innovation: evidence from Latin American countries

Marco Grazzi, Nanditha Mathew, and Daniele Moschella: Making one’s own way: jumping ahead in the capability space and exporting among Indian firms

Kerstin Hötte: Skill transferability and the stability of transition pathways- A learning-based explanation for patterns of diffusion

Daniel C. Opolot and Théophile T. Azomahou: Strategic diffusion in networks through contagion

Hernán Darío Toro-Zapata, Carlos Andrés Trujillo-Salazar, Fabio Dercole, and Gerard Olivar-Tost: Coffee Berry Borer (Hypothenemus hampei) and its role in the evolutionary diversification of the coffee market

Naoise McDonagh: The evolution of bank bailout policy: two centuries of variation, selection and retention

Oeconomia 11 (2)

Robert W. Dimand: Léon Walras, Irving Fisher and the Cowles Approach to General Equilibrium Analysis

Nathanaël Colin-Jaeger: Reconstructing Liberalism: Hayek, Lippmann and the Making of Neoliberalism

Maxime Desmarais-Tremblay: Walras, Musgrave et l’hétérogénéité entre les biens publics et les biens privés

Rethinking Marxism 33 (3)


Kenan Erçel: Conversation with David F. Ruccio on His Blog

John Infranca: The Subordination of Private Property and David Ruccio’s Occasional Links & Commentary

Dwight B. Billings: A Stranger in a Strange Land: David Ruccio’s Occasional Links & Commentary

Bruce Roberts: Anticap: An Appreciation

Sean Mallin: An Anticapitalist Archive

Richard Wolff: David Ruccio: An Appreciation


Anthony Pahnke: The Revolutionary Potential of Food Sovereignty: Applying Lenin’s Insights on Dialectics, the State, and Political Action

Brian Bartell: The Political Ecology of James and Grace Lee Boggs

Jeff Noonan: The Temporal and Material Dimension of Creative Work: Against “Automatic Society”

Review of Austrian Economics 34 (3)

Stefanie Haeffele and Yuliya Yatsyshina: Governance for living better together: A special issue on public administration and self-governance

Anne Hobson and Eileen Norcross: A call for institutional analysis: practicing polycentric political economy in policy research

Jennifer Huddleston: Judicial engagement in classical Liberal public governance: a response and extension to Aligica, Boettke, and Tarko

Jerry Ellig: Coproduction of regulations under the administrative procedure act: How close is the US to a classical Liberal regulatory system?

Gerald Gaus: Democratic citizenship as problem solving: Aligica’s public entrepreneurship, citizenship and self-governance

James Johnson: Remarks on Paul Dragos Aligica’s Public entrepreneurship, citizenship and self-governance

Jennifer Brick Murtazashvili: What can we learn about theories of self-governance by studying its most extreme cases?

Paul Dragos Aligica: John E. King, the Alternative Austrian Economics: A Brief History. Northampton, MA: Edward Elgar, 2019. USD 120 (Cloth)

Giuseppe Eusepi: Richard M. Salsman, The Political Economy of Public Debt: Three Centuries of Theory and Evidence. Cheltenham, UK, Northampton, MA: Edward Elgar, 2017. USD 140.00 (hardcover)

M. Scott King: Stephen Davies, the Wealth Explosion: The Nature and Origins of Modernity. Brighton: Edward Everett Root, 2019. GBP 65.00 (Cloth)

Review of Behavioral Economics 8 (2)

Vladimir V. Maltsev: "Martyrdom and Rebellious Collective Action"

Saileshsingh Gunessee, Tom Lane and Shangjue Xie: "Social Preferences in a Chinese Cultural Context"

Vinh Pham: "Cash, Funeral Benefits or Nothing at All: How to Incentivize Family Consent for Organ Donation"

Ruth Tacneng and Klarizze Anne Puzon: "Gender Priming in Solidarity Games: The Philippine Context"

Review of Black Political Economy 48 (3)

Jamein P. Cunningham: The Language of the Unheard: Legal Services and the 1960s Race Riots

Scott Alan Carson: Weight as a Measure for the Net Nutritional Transition From Bound to Free Labor: A Difference-in-Decompositions Approach

Talknice Saungweme and Nicholas M. Odhiambo: Public Debt Service in South Africa and Its Impact on Economic Growth: An Empirical Test

Dervis Kirikkaleli, Melike Torun, and James Karmoh Sowah: The Effect of Domestic Risks and Arab Spring on Economic Risk in Northern African Countries: Findings From the First- and Second-Generation Panel Approaches

Dr. Crystal R. Hudson, Dr. Marlissa Phillips, Dr. Tonya Smalls, and Dr. John Young: Investment Behavior: Factors that Impact African American Women’s Investment Behavior

Review of International Political Economy 28 (4)

Special Issue: European political economy of finance and financialization

Waltraud Schelkle & Dorothee Bohle: European political economy of finance and financialization

Iain Hardie & Helen Thompson: Taking Europe seriously: European financialization and US monetary power

Benjamin Braun, Arie Krampf & Steffen Murau: Financial globalization as positive integration: monetary technocrats and the Eurodollar market in the 1970s

Michael Schwan, Christine Trampusch & Florian Fastenrath: Financialization of, not by the State. Exploring Changes in the Management of Public Debt and Assets across Europe

Alison Johnston, Gregory W. Fuller & Aidan Regan: It takes two to tango: mortgage markets, labor markets and rising household debt in Europe

Cornel Ban & Dorothee Bohle: Definancialization, financial repression and policy continuity in East-Central Europe

Scott James, Stefano Pagliari & Kevin L. Young: The internationalization of European financial networks: a quantitative text analysis of EU consultation responses

Deborah Mabbett: Reckless prudence: financialization in UK pension scheme governance after the crisis

Original Articles

Lorena Lombardozzi: Unpacking state-led upgrading: empirical evidence from Uzbek horticulture value chain governance

Maximilian Mayer & Xin Zhang: Theorizing China-world integration: sociospatial reconfigurations and the modern silk roads

Ho-fung Hung: The periphery in the making of globalization: the China Lobby and the Reversal of Clinton’s China Trade Policy, 1993–1994

Jeremy Green & Julian Gruin: RMB transnationalization and the infrastructural power of international financial centres

Jesse Liss: Globalization as ideology: China’s effects on organizational advocacy and relations among US trade policy stakeholder groups

Pedagogical Intervention

Ryan M. Katz-Rosene, Christopher Kelly-Bisson & Matthew Paterson: Teaching students to think ecologically about the global political economy, and vice versa

Review of Political Economy 33 (4)

Matías Vernengo: The Consolidation of Dollar Hegemony After the Collapse of Bretton Woods: Bringing Power Back in

Barry Eichengreen: Bretton Woods After 50

Robert W. Dimand: Keynes, Knight, and Fundamental Uncertainty: A Double Centenary 1921–202

Rod O’Donnell: Keynes's Treatise on Probability: The First Century

Theo Santini Antunes and Ricardo Azevedo Araujo: A Structural Economic Dynamics Approach to ‘Stagnationist’ Unbalanced Growth

Mauro Boianovsky: Reacting to Samuelson: Early Development Economics and the Factor-Price Equalization Theorem

Marco Missaglia: Understanding Dollarisation: A Keynesian/Kaleckian Perspective

Stefano Di Bucchianico: Negative Interest Rate Policy to Fight Secular Stagnation: Unfeasible, Ineffective, Irrelevant, or Inadequate

Gregorio Vidal: Recession, Financial Instability, Social Inequality and the Health Crisis

Erik Bengtsson and Engelbert Stockhammer: Wages, Income Distribution and Economic Growth: Long-Run Perspectives in Scandinavia, 1900–2010

Andrew B. Trigg: Reconstructing Marx’s Theory of Credit and Payment Crises under Simple Circulation

Valerio Filoso, Carlo Panico, Erasmo Papagni, Francesco Purificato, and Marta Vázquez Suárez: Timing Does Matter: Institutional Flaws and the European Debt Crisis

Review of Radical Political Economics 53 (3)

Guilherme Klein Martins and Fernando Rugitsky: The Long Expansion and the Profit Squeeze: Output and Profit Cycles in Brazil (1996–2016)

Antonio Freitas: The Rate of Surplus Value in Brazil, 1996–2016

Damián Kennedy and Nicolás Aguila: From Individual Wage to Household’s Labor Income: Consequences of Women’s Labor Force Incorporation in Argentina, 1974–2018

Gönenç Uysal: Turkey’s Sub-imperialism in Sub-Saharan Africa

Clever Madimutsa, Royd Malisase, Evans Daka, and Moses Chewe: Public Sector Reform and the Introduction of Neoliberal Capitalism in African Socialist States: The Case of Zambia

Javier Bilbao-Ubillos: The Crisis of the European Social Model in the Adverse Environment of Globalization

Junshang Liang: The Falling Rate of Profit under Constant Rate of Exploitation: A Generalization

Fred Moseley: A Marxian Reply to Hahnel: The Relative Explanatory Power of Marx’s Theory and Sraffa’s Theory

Robin Eric Hahnel: Response to Moseley

Tiago Camarinha Lopes: Comrades Do Not Always Agree: How to Promote Cooperation between the Followers of Marx and Sraffa?

Revue de la Regulation 30 (1)

“The multi-faced shareholding state”

Hadrien Coutant, Antoine Ducastel and Scott Viallet-Thévenin: Concilier le profit et l’intérêt général : l’État actionnaire dans les dynamiques historiques du capitalisme

Isabelle Chambost and Béatrice Touchelay: Quand l’État devient banquier

Hélène Bénistand: Lutte contre l’inflation : enjeux de la fixation des salaires à Électricité de France

Raphaël Frétigny: Ce que peut la finance publique : la Caisse des dépôts actionnaire dans l’immobilier depuis la Seconde Guerre mondiale

Edoardo Ferlazzo: Dexia, ou la faillite d’une régulation du crédit local par le marché

Océane Ronal: Les pratiques publiques de capital-investissement en faveur du développement

Laure-Anne Parpaleix, Kevin Levillain and Blanche Segrestin: Accompagner sans financer : une nouvelle doctrine d’investissement de l’État au capital des ETI

Hadrien Coutant and Scott Viallet-Thévenin: The state as an eager shareholder

Fabrice Colomb: L’« État-actionnaire » et le plasma

Mohamed Oubenal and Abdellatif Zeroual: État actionnaire et capitalisme de connivence au Maroc : le cas de la Caisse de dépôt et de gestion (CDG)

Socio-Economic Review 19 (2)

Coping with Financialization and Everyday Insecurities

Sebastian Kohl: Too much mortgage debt? The effect of housing financialization on housing supply and residential capital formation

Quentin Ravelli: Debt struggles: How financial markets gave birth to a working-class movement

Galit Ailon: 'Life is about risk management’: lay finance and the generalization of risk thinking to nonfinancial domains

Explorations in Comparative Capitalism

Lukas Haffert; Daniel Mertens: Between distribution and allocation: growth models, sectoral coalitions and the politics of taxation revisited

Selin Dilli: The diversity of labor market institutions and entrepreneurship

Erez Maggor: Sources of state discipline: lessons from Israel’s developmental state, 1948–1973

Cristiano Antonelli; Christophe Feder: A long-term comparative analysis of the direction and congruence of technological change

Neoliberalist Ideas and Economic Policy

Bernhard Reinsberg; Alexander Kentikelenis; Thomas Stubbs: Creating crony capitalism: neoliberal globalization and the fueling of corruption

Thomas Angeletti: How economics frames political debates: macroeconomic forecasting in the French planning commissions

Ronen Mandelkern: Neoliberal ideas of government and the political empowerment of economists in advanced nation-states: the case of Israel

Inequality and Labor Market Reform

Adam Storer; Adam Reich: ‘Losing My Raise’: minimum wage increases, status loss and job satisfaction among low-wage employees

Joan Miró: In the name of competitiveness: a discursive institutionalist analysis of the EU’s approach to labour market structural reform, 2007–2016

Malte Luebker: Can the structure of inequality explain fiscal redistribution? Revisiting the social affinity hypothesis

Economic Change in Latin America

Editor's Choice: Sara Romanò; Davide Barrera: The impact of market-oriented reforms on inequality in transitional countries: new evidence from Cuba

Bruno Bonizzi; Jennifer Churchill; Diego Guevara: Variegated financialization and pension fund asset demand: the case of Colombia and Perú

State of the Art

Johanna Mair; Nikolas Rathert: Alternative organizing with social purpose: revisiting institutional analysis of market-based activity

real-world economics review 96

Jamie Morgan: The future: Thanks for the memories

Richard Parker: Of Copernican revolutions – and the suddenly-marginal marginal mind at the dawn of the Anthropocene

Richard B. Norgaard: Post-economics: Reconnecting reality and morality to escape the Econocene

James K. Galbraith: What is economics? A policy discipline for the real world

Lukas Bäuerle: Beyond indifference: An economics for the future

William E. Rees: Growth through contraction: Conceiving an eco-economy

Jayati Ghosh: Interrogating the holy grail of productivity growth

Richard C. Koo: Changing role of neoliberalism across the stages of economic development

Neva Goodwin: Consumerism and the denial of values in economics

Max Koch, Jayeon Lindellee and Johanna Alkan Olsson: Beyond the growth imperative and neoliberal doxa

Katharine N. Farrell: Writing forward Georgescu-Roegen's critique of Marx

John Komlos: Humanistic economics, a new paradigm for the 21 century

Clive L. Spash & Adrien O.T. Guisan: A future social-ecological economics

Andri W. Stahel: Oikonomics: towards a new paradigm in economics

Edward Fullbrook: Economics 999

Books and Book Series

Financialization of the Economy, Business, and Household Inequality in the United States: A Historical–Institutional Balance-Sheet Approach

by Kurt Mettenheim, Olivier Butzbach | 2022, Routledge

This volume on the political and social economy of financialization in the US focuses on the unexpected consequences of the rise of finance for the American macroeconomy, the financialization of household inequality, and the hollowing out of nonfinancial business enterprises. A historical-institutional balance-sheet approach to long term trends and recent changes reveals serious anomalies and provisos for critical, heterodox, and mainstream economic theories and provides new perspectives on debates about political economic change in advanced economies since the 2007-2008 financial crisis.

This book marks a significant contribution to the literature on financialization and studies in social economics, household economics, the changing structure and management of nonfinancial business enterprises, and American political economy.

Please find a link to the book here.

Hegemony and Class Struggle: Trotsky, Gramsci and Marxism

by Juan Dal Maso | 2021, Palgrave Macmillan

Palgrave Macmillan has recently published the English translation of Del Maso's masterpiece on the similarities and key differences between Trotsky's and Gramsci's Marxist philosophies. The first and second chapters deal with a still under-investigated aspect of Trotsky’s thought, i.e. his reflections on the issue of hegemony. The third chapter focuses on Gramsci’s critique of Trotsky in his Prison Notebooks, analyzing Gramsci’s knowledge of Trotsky’s positions as well as the scope and limits of Gramsci’s critique. The fourth chapter consists of a critical rereading of Perry Anderson's essay Antinomies of Antonio Gramsci, originally published in 1976 and republished in 2017, and an analysis of the book Gramsci and Trotsky in the Shadow of Stalinism by Emanuele Saccarelli. The result is an investigation that offers new insight into both Trotsky’s and Gramsci’s thoughts while proposing a new point of view from which to interpret revolutionary theory and strategy in the contemporary scenario. One of the main topics addressed throughout the three essays is the specific position of the problem of hegemony in a theory of permanent revolution, demonstrating that Trotsky had a particular understanding of the question of hegemony and that Gramsci, in turn, introduced a concept of hegemony that is closely associated with an idea of permanent revolution, such that the dynamics of the relationship between democratic struggles and socialist struggles presented in both theories are very similar.

You may find a link to the book here.

Keynes on Uncertainty and Tragic Happiness: Complexity and Expectations

by Anna Carabelli | 2021, Palgrave Macmillan

This book examines the philosophy and methodology of Keynes, highlighting its novelty and how it presented a new form of economic reasoning. Exploring Keynes’s use of non-demonstrative logic, based on probability, commonalities are found in his economics, ethics, aesthetics, and international relations. Insights are provided into his reasoning and his approach to uncertainty, rationality, measurability of complex magnitudes, moral and rational dilemmas, and irreducible conflicts.

This book investigates methodological continuity within Keynes’s work, in particular in relation to uncertainty, complexity, incommensurability, happiness and openness. It will be relevant to students and researchers interested in Keynes, probability, ambiguity, ethics and the history of economic thought.

Please find a link to the book here.

Political Economy of Financialization in the United States: A Historical–Institutional Balance-Sheet Approach

by Kurt Mettenheim | 2021, Routledge

Combining balance sheet analysis with historical institutional analysis, this book traces the evolution of social sector financial balance sheets in the US from 1960 to 2018.

This innovative historical-institutional approach, ranging from the micro level of households to the macro level of the federal government, reveals that the displacement of households by banks has been a long-term process. This gradual compounding of financialization is at odds with widely accepted views about financialization, contemporary banking theory, financial intermediation theory, and post-Keynesian and endogenous money approaches. The book returns to time-tested traditional principles of banking and taps unexpected affinities about market failures in transaction cost economics, financial intermediation theory, and core ideas in classic modern political and social economy about economic moralities and social reactions of self-defense against unfettered markets. This book provides an alternative explanation for the rise of finance and new ways to think about averting financialization and its devastating consequences. This book marks a significant contribution to the literature on financialization, social economics, banking, and the American political economy.

Please find a link to the book here.

Putting Jurisprudence Back Into Economics: What is Really Wrong With Today's Neoclassical Theory

by David Ellerman | Springer, 2021

This book presents an integrated jurisprudential critique of neoclassical microeconomic theory. It explains what is ‘really wrong’ with the theory both descriptively, as well as normatively. The criticism presented is based on questions of jurisprudence, and on neoclassical theory’s sins of omission and commission concerning the underlying system of property and contract. On the positive side - while the presentation is almost entirely non-mathematical - the book contains the first mathematical treatment of the fundamental theorem about property and contract in jurisprudence that underlies a market economy.

The book follows the tradition of John Stuart Mill as the last major political economist who considered the study of property rights as an integral part of economic theory. The conceptual criticisms presented in this book focus on the descriptive and normative misconceptions about property and contracts that are deeply embedded ideology in neoclassical economics, not to mention in the broader society. The book recognizes that the idealized microeconomic theory is not descriptive of reality and focuses its criticism on conceptual mistakes in the theory, which are even clearer due to the idealized nature of the theory.

Therefore, the book is a must-read for scholars, researchers, and students interested in a better understanding of jurisprudence in economics, neoclassical microeconomic theory, and political economy in general.

Please find a link to the book here.

Stitching the 24-Hour City. Life, Labor, and the Problem of Speed in Seoul

by Seo Young Park | 2021, Cornell University Press

Stitching the 24-Hour City reveals the intense speed of garment production and everyday life in Dongdaemun, a lively market in Seoul, South Korea. Once the site of uprisings against oppressive working conditions in the 1970s and 1980s, Dongdaemun has now become iconic for its creative economy, nightlife, fast-fashion factories, and shopping plazas. Seo Young Park follows the work of people who witnessed and experienced the rapidly changing marketplace from the inside. Through this approach, Park examines the meanings and politics of work in one of the world’s most vibrant and dynamic global urban marketplaces.

Park brings readers into close contact with the garment designers, workers, and traders who sustain the extraordinary speed of fast-fashion production and circulation, as well as the labor activists who challenge it. Attending to their narratives and practices of work, Park argues that speed, rather than being a singular drive of acceleration, is an entanglement of uneven paces of life, labor, the market, and the city itself.

Stitching the 24-Hour City exposes the under-studied experiences with Dongdaemun fast fashion, peeling back layers of temporal politics of labor and urban space to record the human source of the speed that characterizes the never-ending movement of the 24-hour city.

Please find a link to the book here.

Heterodox Graduate Programs, Scholarships and Grants

Parthenope University of Naples PhD Scholarship

The PhD programme in Economics, Management & Accounting (Parthenope University of Naples) awards a 3-year scholarship for a doctoral project on "policies for the transition towards sustainable finance and climate goals" using agent-based models. The scholarship is funded by the Université Franco-Italienne (Vinci Programme). The doctoral project will be carried out in co-tutelle with Université Côte d'Azur.

All applicants must submit their Ph.D. application form, only using the format attached to the present call (Annex A). The applications, duly filled, must be addressed and delivered to: Rettore dell’Università degli Studi di Napoli "Parthenope" Via Acton, 38 – 80133 Napoli – UFFICIO PROTOCOLLO. The applications can also be sent to the following address by PEC mail concorsi@pec.uniparthenope.it .

Deadline for applications: 27 August 2021. Courses will start on 1 November 2021.

Application deadline: 27 August 2021

Radcliffe Fellowship

The Harvard University’s Radcliffe Institute is now accepting applications for the Radcliffe Fellowship for the 2022–2023 year.

In summary, Radcliffe fellows are exceptional scientists, writers, scholars, public intellectuals, and artists whose work makes a difference in their professional fields and in the larger world. This fellowship is an opportunity to step away from usual routines and dive deeply into a project. Applicants may apply as individuals or in a group working on the same project. Interdisciplinary exchange is a hallmark of the program, and they welcome proposals that take advantage of our uniquely diverse intellectual community by engaging with concepts and ideas that cross disciplinary boundaries.

A full description of the fellowship program can be found here.

Application Deadline: 9 September 2021


WEA Commentaries 11 (2)

Mitja Stefancic: EU taxation capabilities and the way forward towards institutional progress in Europe: an interview with Jakob Kapeller

Extract from R B Norgaard article: Beyond Economism

Lars Syll: Economics — a severe case of misplaced idolatry of ‘rigour’

Ana Luíza Matos de Oliveira and Magali N. Alloatti: Austerity and gender in Brazil: insights from the international literature

Peter Söderbaum: Each paradigm in economics is a scientific and ideological paradigm

Mitja Stefancic: Review of J. Maesse et al. (forthcoming) “Power and Influence of Economists: Contributions to the Social Studies of Economics”


D-Econ Blog Launch

Our friends over at Diversifying and Decolonizing Economics (D-Econ) have just launched their new blog platform. The D-Econ blog series is a collective initiative to bring together contributions from academics and activists who share the vision of decolonisation and diversification of economics. The blog seeks to facilitate conversations that explore and emphasize how varied axes of power relations, such as gender, class, race, caste, colonialism, religion, and sexuality among others, affect participation in the academy, limit knowledge production, and contribute to its colonisation. Through this engagement, it seeks to enrich the economic study of society with a plurality of perspectives and methods rooted in objective realities of marginalised and oppressed communities.

The D-Econ editorial team is composed of:

The editors are happy to receive contributions in the form of articles, opinions, and rich media content (photographic, and audio and video material). Original contributions of up to 1500-2000 words and short commentaries and book reviews up to 1000 words are welcome.

Entries can be addressed to members of the editorial team at blog@d-econ.org.

For Your Information

D-Econ Database: A new database of heterodox economists

We are excited to announce a new project from the D-Econ family, the D-Econ Database. Diversifying and Decolonising Economics (D-Econ) is launching the D-Econ Database to tackle exclusions in terms of both identity and approach. It is a database of non-mainstream scholars that are underrepresented in terms of gender, ethnicity, and/or location. The aim of the database is to increase the visibility and opportunities of these scholars by addressing some of the most common excuses for the lack of diversity in the economics profession: lack of knowledge of non-white, non-male, or non-Western scholars in the field.

The database already has over 100 entries and new scholars are being added every day. You can browse it here. Please note that it is still under construction and you can help make it complete by adding yourself to the database or recommending someone for the database. You can visit our FAQ page to see how we maintain this database.