Heterodox Economics Newsletter

Issue 329 June 24, 2024 web pdf Heterodox Economics Directory

Throughout the last weeks we have been continuing our work on updating the Heterodox Economics Directory and added a revised collection of heterodox study programs to the current beta-version of the upcoming 7th edition. As usual, it would be great if you could check whether all heterodox programs you are involved with are covered and adequately described in this revision. We will put additional focus on this updating routine in the next weeks and hope to complete all this by the end of the summer. In this context, a special thanks goes to Niklas Klann, a member of our editorial team and an MA-student of socioeconomics in Duisburg, who showed a heroic effort in the last months to diligently update all aspects of the Directory.

Although somewhat repetitive in some instances, updating the Directory is in general an enjoyable task. However, there are some decisions or cases that reveal the inner tensions and trade-offs related to this editing process. One of our pillars is to be inclusive and, hence, try to represent heterodoxy in its full breadth. At the same time, we have to take into account that heterodox economists contest a dominant mainstream approach in economics, which creates additional difficulties. One such difficulty is that heterodox ideas are often reduced to their political underpinnings or implications, so that some parts of the audience may get the impression that heterodoxy is just a vehicle for certain political interests. Another is that heterodox economists have to contest mainstream economics in a differentiated way to not contribute to a general disillusionment in science. The latter point has become more forceful in recent years seeing a rise in the spread of misinformation in public debate. In sum, there is also a second variable to consider namely how the included journals, associations and the like represent heterodox economics as a credible scientific approach.

In most of these cases decisions are easy, because the large majority of work in heterodox economics is truly undogmatic and scientifically honest. But in some sad instances, I found that journals turned the wrong way with the Journal of Economic Surveys being an example of a journal, that has been kicked out of the Directory for implementing predatory strategies as has also been reported in a past editorial. A similar instance is the American Journal of Sociology and Economics (AJES), that till about a decade ago was edited by Fred Lee and published rather interesting papers, seems to have significantly decreased in terms of scientific quality and editorial care as evidenced by a just recently published paper that can be shortly summarized as climate denial. On this basis, we decided to discontinue coverage of the AJES in both, the Newsletter as well as the Directory.

While in the case of the Journal of Economic Surveys a key reason for exclusion is the undermining of the institutional routines necessary to ensure certain quality standards in scientific outputs, the case of the American Journal of Sociology and Economics is more clear-cut as such 'research' truly misrepresents core shared convictions on scientific rigor and integrity shared across all branches of heterodox thought.

Hope you agree and all the best,


PS: On a related note I wanted to announce that the Newsletter will revert to 'northern hemisphere summer mode' in the next months, which means that new issues will be published every four weeks (instead of the usual three).

© public domain

Table of contents

Call for Papers

4th International Conference on the Economics of Informality (December 2024, Bogota)

December 11th (at U Rosario) and 12th (at Uniandes), Bogota, Colombia

Organizers: Abel Polese, Elio Della Monica, Griet De Lombaerde, Miria Gambardell

Theme: What is informality and what could be? Examples from the Latin American region


Informality is thriving. A simple academic search of the word generates over 100,000 results across several disciplines, including informal economy (Hart 1973), informal housing (Turner 1968), informal land management (Leaf 1992), and informal planning (Roy 2005 cited in Boanada-Fuchs and Fuchs 2018, 414). But this “academic popularity” has also generated some kind of confusion since now “informality” is often used to simply mean “the opposite of formal”. This should come as no surprise since “informality” is an intuitive and moldable idea (Peattie 1987), a “socially embedded” and “performed role” (Müller 2019) that can be adapted to various contexts, research objects, and ideologies. However, these approaches are flown in at least two ways:

First, it does not acknowledge that all human practices are born informal (non-regulated) and some of them become regulated and “formalised” when a state, society or community feels the need to nail them down through formal rules.

Second, it generates a concept that is too flexible to be used in a single situation. Applicability of one same theoretical tool (informality) to virtually any context, makes it challenging to define proper correlations or link social phenomena and power relations together. As a result, different world regions, and disciplines, use “informality” with significantly divergent meanings, which generates even more confusion when debating between scholars or trying to “theorise informality”

The panel (and the book project that will follow) has been conceived with the two-folded goal of:

To do this, we welcome contributions that deal with a variety of forms of informality in the region, from everyday to political informality to urban governance, shadow economies, and precarious labour (and beyond, if you have further ideas, you are welcome to share them). For a starting discussion, you are welcome to refer to the open access article What is informality? (Mapping) “the art of bypassing the state” in Eurasian spaces - and beyond). A table below this call can also be indicative of the kind of informalities we are referring to here.

If interested, please send an abstract and a short biographical statement by the 5 of July to presilient.dn@gmail.com and cc to eliodellamonica8@gmail.com, miria.gambardella@uab.cat, griet@efst.hr

NB the language of the conference is English but if we have enough papers we can also edit a volume in Spanish (and we regularly organise events in Spanish). You can also submit an abstract in Spanish: you are welcome to do so, keeping in mind that for this conference we will prioritise English but for other events Spanish will be welcome.

For further information and application please visit the website.

Deadline: 5 July 2024

1st INSA Conference on "Sortition and Socialism" (online, August 2024)

31 August 2024, 15:00-19:00 UTC | online

Conference Theme: "Sortition and Socialism"

The International Network of Sortition Advocates (INSA) is proud to announce our first conference, ‘Sortition and Socialism’, on Saturday the 31st of August. The aim of the conference is to help develop the theory of sortitional-democratic models of plebeian power and socialism, and build closer connections between theorists of sortition and deliberative democracy and leftwing theoreticians and activists. We invite speakers from both scholarly and activist backgrounds to explore the role of appointment by random selection within struggles for liberation and proposed alternatives to capitalism.

Invited speaker: Camila Vergara (University of Essex)

The deadline for applications is the 7th of July. Talks should be no longer than 25 minutes; there will be a 20-minute Q&A after each talk, and a panel discussion at the end of the day in which all speakers are invited to participate. Applicants should email an abstract of their proposed presentation, along with a short bio, to this mail address.

INSA is a volunteer organisation aimed at connecting pro-sortition academics, advocates, and activists around the world, to share resources and tactics and advance the theoretical understanding of sortition. As a functionally-defined network, we are multi-partisan, acting as a clearing house for sortition advocates of many different political stripes, conditionally brought together by our common interest in advancing sortition in theory and practice. If you are a supporter of sortition in politics, or interested in learning more about what sortition has to offer, you are invited to join our Discord server here.

Application Deadline: 7 July 2024

Advances in Economics Education: Symposium on "Teaching Undergraduates: Neoclassical Economics, Post-Keynesian Economics or Pluralism?"

Symposium to be published in Advances in Economics Education
Guest Editors: Louis-Philippe Rochon and Sergio Rossi

Since the global financial crisis, the economics profession has faced increasing criticism with respect to both theory and methodology. Calls for reforming or rethinking economics have become quite common, with considerable attention given to the teaching of undergraduate economics. One response to this has been the development of the CORE Econ project on which Advances published a symposium in 2023. But in a recent blog, Rochon and Rossi have gone further, asking whether neoclassical economics should be taught at all. That blog generated considerable discussion regarding the merits of teaching neoclassical economics versus other perspectives.The purpose of this symposium is to open up the debate and invite contributions from all theoretical traditions. Its main objective is to further explore the future curriculum of undergraduate economics, in light of recent crises and other issues, such as gender and green economics. Can the profession continue to ignore alternative theoretical perspectives? Should mainstream economics at least be supplemented with alternative perspectives in our undergraduate programs? Or is there a case for going so far as to downplay or replace mainstream theory with alternative approaches?

Articles of no more than 8,500 words addressing these issues are welcome from any theoretical perspective arguing for or against any of the above positions. All papers will be subject to a strict doubleblind peer-review.
Date of submission of 250-word abstract: August 1, 2024
Decision on selected Abstracts: September 1, 2024
Deadline for submission of papers: June 1, 2025
Decision and referees’ reports returned by September 1, 2025
Final papers due by December 31, 2025
Please send submissions directly to both Louis-Philippe Rochon and Sergio Rossi (lprochon2003@yahoo.com; sergio.rossi@unifr.ch) before the deadline.

Submission Deadline: 1 August 2024

Forum for Social Economics: Special Issue on "the social consequences of the development of Latin America in the 21th century"

The Forum for Social Economics invites the submission of original papers on the social consequences of the development of Latin America in the 21 century.

Despite the fact that Latin American countries possess their own socioeconomic unity and independence, they share a common history and features. They underwent a similar integration into the capitalist system, evolving from colonies of exploration to the periphery of capitalism. The socioeconomic organization of Latin American countries relies on a blend of cultures – originating from indigenous peoples, colonizers, and immigrants – resulting in differences in perspectives on how an economy should function. In recent decades Latin America has experienced fluctuations between vastly different economic and social policies. The process of redemocratization following military dictatorships occurred during the 1980s and 1990s. During this new era of democracy, Latin America witnessed the rise of neoliberal governments, leading to a turbulent political landscape. Governments in the region have swung from right to left-wing, with several Latin American countries recently electing representatives from extremely right-wing parties. The typical explanations for this political turbulence include: (1) the consequences of late industrialization in underdeveloped countries; (2) tensions within the market economy; (3) class conflicts; and (4) lingering authoritarian ideologies within young democracies. This special issue seeks realistic papers that adopt pluralistic approaches, focusing on the evolution of social values in a non-ergodic world and considering the institutional and evolutionary nature of the economy.

We encourage submissions of papers on:

Of course, these suggested subjects must be associated with Latin America in the 21 century.

The guest editors would be happy to answer any queries regarding the suitability of your topic or any other questions. Our emails are: felipe.almeida@ufpr.br and hugo.carcanholo@ufpr.br.

Submission Process

Please follow these three steps for submissions:

  1. Submission of a paper title and an extended abstract (500 words) via e-mail (felipe.almeida@ufpr.br) by June 30 2024.
  2. Submission of the first version of the manuscript by December 15 2024.
  3. Submission of the final paper by February 28 2025.

For author guidelines and the submission process, visit the official website. Please find a link to the special issue here.

Submission Deadline: 30 June 2024

International Journal of Political Economy: Special Issue on "Alternative Proposals for Public Banking"

Since the Great Financial Crisis, a growing amount of attention has been given to alternative financial institutions in light of the failure of the existing ones to provision the capital necessary to meet the investment needs of humanity. Indeed, unlike private banking, the success of public banking is not measured in terms of mere profits, but in terms of political and social results achieved and human needs met. For example, humans need water, but the growing human population and degradation of our hydric resources means that such needs will be left unmet unless we invest in the physical infrastructure necessary to better manage our water. With no space in public budgets, several authors have worked on proposals linking public banking with public water. Yet we can also define as a basic human need the social provisioning of employment and housing opportunities that enrich the individual and community. In several countries, public banks have provided credit to small and medium enterprises that would not have been able to source from the private credit market, and the same is true for housing. Perhaps even more relevant to the history of public banking is the financing of nationally prioritized infrastructure projects.

From a theoretical point of view, reflections and proposals concerning public banks can also be placed within a framework that gives a relevant role to the state and public spending in distributive conflict and aggregate demand stabilization, following post- Keynesian and classical-Keynesian approaches. Indeed, public banks can contribute to the achievement of important general interest objectives, and can help support and guide economic development towards shared goals, from ecological transitions to infrastructure development, and can be an important instrument of social equalization. Moreover, a public banking system is crucial to stem the proliferation of speculative and predatory finance, often the cause or catalyst of economic crises.

Such proposals are certainly welcome in a world in which financial institutions have become more concentrated and homogenous in the capitalist world, and credit to the many productive sectors has become sharply reduced. However, in this call for papers we also wish to focus on lesser-known proposals for public banking. These could revolve around new economic activities for public banks to undertake - for example the many forms that ecological public banks could assume, even borrowing from past ideas such as land banks or post offices being used for banking operations. Likewise, we can also consider new institutional roles and functions for public banks, as well as new connections between public banks and already existing public financial institutions such as central banks, pension funds, wealth funds, etc.

In sum, this call for papers is a call for institutional creativity, to highlight either nascent or existing projects that have garnered little attention, or to propose new forms of banking in the public interest in order to meet the growing financial needs of growing human needs. Finally, contributions on public banking that have a geographical focus, whether centered on a region, country, or even smaller demarcations, are all equally welcome.

Submission guidelines:
Deadline of abstract: September 1, 2024
Abstract Length: 250 words
Submission of final papers: June 1, 2025

Please send your abstract to: Riccardo Zolea or Wesley Marshall

Submission Deadline: 1 September 2024

MACRO-HET Workshop (Siena, October 2024)

16-18 October 2024 | Siena, Italy

We are pleased to announce that the 2024 MACRO-HET Workshop, with the theme "Sustainable Development: Structural Change and the Environment," will take place in Siena, Italy, from October 16 to 18, 2024. The deadline for applications is August 15, 2024.

The submission of papers in the following areas is particularly encouraged:

A variety of methodological approaches is welcome, particularly:

Confirmed Keynote Lectures by Peter Skott, University of Massachusetts Amherst, and Adam Aboobaker, University of Manchester. INET's Young Scholar Initiative (YSI) will sponsor a limited number of travel stipends for graduate student presenters. If you have any questions, please do not hesitate to get in touch: marwil.davila@unisi.it

For more information please visit the official website.

Application Deadline: 15 August 2024

Call for Participants

Modern Money Theory 4th Summer School (Polzan, August 2024)

August 27–29, 2024 | Polzan, Poland,

The third edition of MMT Summer School in Poznań is intended for economics students, PhD students, practitioners and early-career researchers interested in the Modern Monetary Theory. We provide an international learning environment for those interested in deepening their knowledge of the modern money: its origins, the notion of tax-driven money, inflation, modeling MMT’s price theory, and the MMT-based policy proposals, such as Job Guarantee and Green New Deal.

Over three days, participants will have an opportunity of attending lectures, presenting theirbviews and ideas, as well as discussing them with highly competent faculty. They will also take part in the special event that focuses on the political economy of the Eurozone. The participants will also improve their critical thinking and analytical skills by attending lectures on development finance, heterodox microeconomics and de-dollarization debate. The application procedure, topics, events connected to the School and a short description of MMT can be found below.

School’s confirmed speakers:

The Summer School is organized by Edward Lipiński Foundation for Promoting Economic Pluralism in cooperation with Heterodox Publishing House and Samuel Pufendorf Gesellschaft für Politische Ökonomie e.V.

For more information please visit the website (link) or contact the Organizing Team through email: a.skowronska@fundacjalipinskiego.pl

Application deadline: June 20, 2024
Acceptance decision: June 30, 2024

Summer Academy for Pluralist Economics PLUSA 2024 (Berlin, August 2024)

Bridging perspectives, building solutions - Overcome differences for EU climate action!

Our Pluralist Summer Academy will start again this year – but in a different format than you probably know it. We have prepared another exciting program for you: a simulation game on European climate policy! Here you can slip into the roles of various interest groups and work out solutions with the help of (heterodox) schools of thought! That way you will find out more about pluralism in economics and learn about economic and climate policy. Sounds good? You will find more details and can submit your application below. This year’s Summer Academy will again take place in person in Berlin and will be accompanied by interesting side events.

More information on the scenario of the simulation game.

More information on the different roles taking part.

How to apply and preliminary schedule.

We are trying to accommodate as many applicants as possible. The aim is to ensure that there will be lively discussions in each simulation game group. Our application process is designed to help us understand why each applicant wants to participate, why they are interested in a particular role and whether they will actively participate and contribute to the simulation game.

As part of the application process, we will ask you which role you are most interested in – so have a look at the document above in which the roles are described. You can indicate your first and second preference in the application form and we will do our best to assign each participant to their preferred option. Before you sign up, please make sure you are ready to participate for the whole week (25.08-01.09).

You can also find answers to important questions in our FAQ!

We encourage German-speaking and non-German-speaking people from all disciplines to apply if they are willing to spend a week immersed in heterodox economics and climate policy with us. In case you have second thoughts e.g. about language barriers, knowledge gaps or because of mobility impairments or care obligations you might have we invite you to indicate it in your application or contact us.

To apply, simply fill out our form online.

Application Deadline: 30 June 2024

Conference Papers, Reports, and Podcasts

31st Annual Levy Economics Institute Conference

Video recordings from the 31st Annual Levy Economics Institute Conference are now available on YouTube

Follow the link to find the playlist.

The 31st Annual Levy Economics Institute Conference was a one-day, virtual event organized around the topics of Economic Prospects for the US Economy, The Revival of Industrial Policy, Causes and Measurement of Inequality, and Aging and Public Policy: Debunking Myths, Providing Solutions.

Presenters included:
Reda Cherif, International Monetary Fund (IMF); James K. Galbraith, LBJ School of Public Affairs & Levy Economics Institute; Teresa Ghilarducci, The New School for Social Research; Fuad Hasanov, International Monetary Fund (IMF) & Georgetown University; Jan Hatzius, Goldman Sachs; Michelle Holder, John Jay College of Criminal Justice; Ed Lane, Lane Asset Management; Tom Masterson, Levy Economics Institute; Dimitri B. Papadimitriou, Levy Economics Institute; R.C. Whalen, Whalen Global Advisors LLC; L. Randall Wray, Levy Economics Institute; Ajit Zacharias, Levy Economics Institute; and Gennaro Zezza, University of Cassino, Italy & Levy Economics Institute.

Smith and Marx Walk Into a Bar Episode 80

The latest episode of "Smith and Marx Walk into a Bar: A History of Economics Podcast" features an engaging conversation with Till Düppe, Professor of Economics at Université du Québec à Montréal. The discussion covers Düppe's work on lived epistemology, Gérard Debreu, Sidney Weintraub, and various other topics.

For more details and to listen to the episode, visit Episode Eighty.

Job Postings

Kings College London, UK

Job title: Lectureship in international development with a focus on politics

The Department of International Development, King’s College London, is a young, innovative and contemporary department, with a focus on uneven development and global capitalism within the regional contexts of Latin America, East Asia, SE Asia, South Asia, the Middle east and Africa. We explore structural transformation in countries and how that leads to uneven development, with attention to processes and policies. Our distinctive global structural understanding of local level processes lends itself to a multi-scalar approach that challenges and expands disciplinary boundaries. The mission of the department is to explore the sources of success as well as understand the major development challenges these countries continue to face. We also have a strong focus on social and economic justice and understanding how change for the better happens, both now and for the future. The successful candidate will join an interdisciplinary team currently working in a wide range of areas including political economy, inequality and poverty, gender rights, climate change and natural resources, international trade, migration, and social. gender and racial justice.

About the Role

We are seeking a candidate who has an outstanding early career profile of publications and grant capture, with an excellent record of teaching and administration. You will design, develop and deliver learning and teaching material in international development and politics with expertise in authoritarianism, populism, democracy, human rights, political communication, transitional justice, combined with a regional research focus. You will be expected to ensure the efficient and effective delivery of teaching programmes in accordance with the University’s strategy, policy and procedures, contribute to activities which influence leading edge practice and undertake research activity.

This post will be responsible to the Head of the Department of International Development. This is a full-time role, and you will be offered an indefinite contract

About You

To be successful in this role, we are looking for candidates to have the following skills and experience:

Essential criteria

  1. PhD qualified in Politics or a closely related field, with a preference for candidates specialising in political theory or comparative politics
  2. Evidence through publications of an ability to produce work in their specialist field at an international standard.
  3. Demonstrable ability to design and deliver face-to-face teaching effectively at undergraduate and/or postgraduate level
  4. Demonstrable commitment to and/or experience of working and teaching in a multi-disciplinary environment
  5. Demonstrable commitment to equality, diversity and inclusion, alongside interpersonal skills to develop and maintain good working relationships
  6. Expertise in one or more of the following topics: authoritarianism, populism, democracy, human rights, political communication, transitional justice, combined with a regional research focus.

Desirable criteria

  1. Demonstrable ability to design and deliver online teaching at postgraduate level.
  2. Evidence of engagement with appropriate research and policy communities.
  3. Evidence of acquiring competitive research grants, or evidence of potential to attract research funding.

Downloading a copy of our Job Description

Full details of the role and the skills, knowledge and experience required can be found in the Job Description document, provided at the bottom of the next page after you click “Apply Now”. This document will provide information of what criteria will be assessed at each stage of the recruitment process.

Further Information

We pride ourselves on being inclusive and welcoming. We embrace diversity and want everyone to feel that they belong and are connected to others in our community.

We are committed to working with our staff and unions on these and other issues, to continue to support our people and to develop a diverse and inclusive culture at King's. We ask all candidates to submit a copy of their CV, and a supporting statement, detailing how they meet the essential criteria listed in the advert. Please do not submit any other materials as these will not be considered. If we receive a strong field of candidates, we may use the desirable criteria to choose our final shortlist, so please include your evidence against these where possible.

To find out how our managers will review your application, please take a look at our ‘How we Recruit’We are able to offer sponsorship for candidates who do not currently possess the right to work in the UK.

For further information and application please visit the website.

Application Deadline: 23 June 2024 (open until filled)

Uppsala University, Sweden

job title: 3 year Browaldh Post-doc fellowship

The Department of Economic History at Uppsala University (Sweden) is offering a three-year Browaldh Post-doc fellowship (with the possibility of a three-year extension) in Financial History. The deadline for applications is 15 August. You can find the full call on our homepage under vacancies here.

The Department will appoint a post-doc to a full-time research position for three consecutive years, with the possibility of renewal for a further three years. The appointed postdoc will be free to formulate research in financial history. The position may be combined with a small teaching load. The appointed postdoc should preferably start work in January 2025, but this starting date can be negotiated within reasonable limits.

The position is financed by a personal stipend, the Browaldh stipend, provided by Handelsbanken/Jan Wallanders och Tom Hedelius stiftelse and Tore Browaldhs stiftelse, which covers living expenses, expenses for conferences, literature, etc., as well as funds for personal insurance. For general insurance for residents, see the Swedish social and health care system: Move to Sweden - Försäkringskassan (forsakringskassan.se)

The appointee is expected to have the Department of Economic History as his/her base, but it will be possible to work as a guest researcher in other academic environments during the post-doctoral period. Stays longer than six months must be negotiated with the donor, Jan Wallanders och Tom Hedelius stiftelse and Tore Browaldhs stiftelse. The position is not a formal appointment in the department and is therefore not subject to the Swedish Employment Protection Act. It is also not automatically part of the academic career system at Uppsala University. However, it is possible to extend the fellowship for another three years after a new application has been submitted by the department.

The Department of Economic History at Uppsala University is an active research and teaching department with a full graduate programme. Uppsala is Sweden's fourth most populous city and home to the oldest university in the Nordic countries, located 40 minutes from Stockholm city centre and 20 minutes from Stockholm Arlanda International Airport. The Department is home to a vibrant research environment with a wide range of topics, and our research also has a long tradition of focusing on different aspects of financial history such as international economic relations, global political economy, capital flows and international monetary systems, international trade, the impact of tariffs, wars, bilateralism/multilateralism, exchange rate arrangements, monetary policy, etc.

Recruitment procedure

Candidates must have obtained a PhD in a field relevant to the position no earlier than 1 January 2019. Special circumstances (documented parental leave, sick leave, etc.) will be taken into account. The deadline for applications is 15 August 2024.

Recruitment will take place in two steps:

The first step is to express interest in the position by sending a short CV (maximum five pages) and a PhD certificate by e-mail to the Research Director, Professor Anders Ögren, at anders.ogren@ekhist.uu.se.

This mail should be sent no later than 15 August 2024.

In the second step, applicants will receive a link to a Box account, where they should upload the following application documents in digitalised form (preferably pdf)

  1. PhD certificates and other relevant degrees or appointments.
  3. Research plan (maximum 5 pages)
  4. List of publications
  5. Doctoral thesis (and any information on it as a thesis report/reviews, if available)
  6. Maximum of five publications (other than the thesis)
  7. Two to four references with contact details
  8. Possible teaching experience (to be confirmed by the relevant director of studies)

This material should be uploaded no later than 1 September 2024.

After the deadline, the Recruitment Committee will select a short list of candidates based primarily on their potential as international researchers. The assessment of the candidates will focus on the productivity, quality and scope of firstly their research merits, secondly their research plan, thirdly teaching experience and other academic merits. Candidates will be invited for interviews in October. The final decision will be taken in mid-November.

Any questions can be addressed to the Director of research professor Anders Ögren at anders.ogren@ekhist.uu.se or the Head of department Kristina Lilja at kristina.lilja@ekhist.uu.se. To unsubscribe from this group and stop receiving emails from it, send an email to NEWS+unsubscribe@eh.net.

Application Deadline: 15 August 2024


Development Macroeconomics Bulletin 4 (1)

Paula Margarita Andrea Cares Bustamante, Luiz Paulo Fontes de Rezende: Editorial da Edição Especial da Revista de Economia e Políticas Públicas

Julia Juárez, Juan Carlos Moreno-Brid: Kaleckian insights on structural heterogeneity

Adalmir Marquetti, Alessandro Donadio Miebach, Henrique Morrone, Samuel Volkweis Leite: A note on the profit rate-exchange rate nexus in Brazil: 2000-2023

Marcos A. L. de Campos, José Luis Oreiro, Kalinka Martins da Silva: The impact of trade liberalisation and exchange rate undervaluation on exports, imports, and trade balance of Latin American countries (1970-2019)

Beata Wozniak-Jechorek: Examining the European transition: central eastern European countries two decades post-EU accession

Carlos A. Carrasco, Blanca B. Del-Toro-Rodriguez, Camila Jimenez-Jaime, Melanny Hernandez-Garcia, Paola M. Obregon-de-la-Garza: Economic structure, export specialization and greenhouse gas emissions in Latin America

Mateus Ramalho Ribeiro Da Fonseca: Impacts of the covid-19 pandemic on the economic conjuncture of latin american countries

Chiara Grazini, Giulio Guarini, José Luis Oreiro: Integrating environmental sustainability into macroeconomic frameworks: The Eco-Keynesian cross

Joaquín Waldman, Lucas Ordoñez: A libertarian stabilization program and its consequences

Cambridge Journal of Regions, Economy and Society 17 (2)

Stefania Fiorentino, Amy K Glasmeier, Linda Lobao, Ron Martin, Peter Tyler: ‘Left behind places’: What can be done about them?

Pedro Fierro, Ignacio Aravena-Gonzalez, Patricio Aroca, Francisco Rowe: Geographies of discontent: measuring and understanding the feeling of abandonment in the Chilean region of Valparaiso (2019–2021)

Carolin Ioramashvili, Maryann Feldman, Frederick Guy, Simona Iammarin: Gathering round Big Tech: How the market for acquisitions concentrates the digital sector

Anna Butzin, Franz Flögel: High-tech development for “left behind” places: lessons-learnt from the Ruhr cybersecurity ecosystem

Marc Doussard: Building distributive populism: basic income and political alternatives to ethno-nationalism

Andrés Rodríguez-Pose, Federico Bartalucci: The green transition and its potential territorial discontents

Kira Gartzou-Katsouyanni: Obstacles to local cooperation in fragmented, left-behind economies: an integrated framework

Junxi Qian, Yuan Zeng, Xueqiong Tang, Xiaohui Hu: Empowering left-behind places in Southwest China: participation in coffee value chains as place-based development

Grete Gansauer, Julia H Haggerty, Kristin K Smith, Mark N Haggerty, Kelli F Roemer: Can infrastructure help ‘left behind’ places ‘catch up?’ Theorizing the role of built infrastructure in regional development

Lisa R Pruitt: Mustering the political will to help left-behind places in a polarized USA

Lewis Dijkstra: What do we owe a place? How the debate about left-behind places is challenging how we distribute public funding and the problems it should address

Ann M Eisenberg: What does it mean to be ‘left behind?’

History of Political Economy 56 (3)

Juan Carvajalino, Thomas Michael Mueller: Local Entanglements in the History of Mathematical Economics

Gianluca Damiani: Setting the Stage for Disciplinary Transformations: Riker, McKenzie, and the Case of the University of Rochester

Matheus Assaf: Applying Pure Mathematics: IMPA and the Entanglements of Mathematical Economics in Brazil

Yann Giraud: Visualization or Mathematization? The London School of Economics and “Diagrammatic Economics” in the 1930s

Ivan Boldyrev: The Frame for the Not-Yet Existent: How American, European, and Soviet Scholars Jointly Shaped Modern Mathematical Economics

Erwin Dekker: Staatswissenschaften and the Mathematical Policy Science of Jan Tinbergen

Roger E. Backhouse: MIT and the Origins of the Modern Theory of Asset Pricing

Paul Erickson: Bielefeld Game Theory and Indiana Institutional Analysis: Elinor Ostrom and Theories of Common-Pool Resources

Juan Carvajalino, Thomas Michael Mueller: Hotelling and Wilson on Statistical Inference: Local Attitudes and Universal Dreams

International Review of Applied Economics 38 (3)


Jonathan Michie: Assessing the impact of the COVID-19 pandemic

Research Article

Ivonne Acevedo, Francesca Castellani, María José Cota, Giulia Lotti & Miguel Székely: Higher inequality in Latin America: a collateral effect of the pandemic

Mario Nosvelli: Adaptive learning in containment measures: evaluation of policy interventions during the 2020 waves of Covid-19 in Italy

Opoku Adabor: COVID-19 policy responses and subjective well-being

Erica Smith: Rescue and recovery: The COVID and post-COVID responses of apprenticeship systems

Abdellatif Chatri & Najia Tahir: Temporary wage subsidies and post-COVID re-employment in Morocco: a regression discontinuity approach

Review Article

Jonathan Michie: Learning the lessons from the Covid-19 pandemic

Journal of Economic Issues 58 (2)

Susan K. Schroeder: The 2024 Veblen-Commons Award Recipient: Charles J. Whalen

Charles J. Whalen: Telling It Like It Is: Reflections of a Maverick Economist

Gary Dymski: “Contingency, Irony, and Solidarity” in the Era of Polycrisis: Institutionalist Economics beyond the t/T Duality

Danielle Guizzo: Ceremonial Economics: A Social-Institutional Analysis of Universities, Disciplines, and Academic Positioning

Alicia Girón: China Railway Construction Corporation (CRCC) and African Development

Larry Wigger: Supply Chain Economics: A Fresh Lens for Holistic Analysis

Robert Loube: Regulating Roof-Top Solar Generation: Defending Sustainable Projects from Utility Proposals

John P. Watkins: The Evolving Attitudes of Institutional Economists: From Growth to Degrowth

Luwei Zhao: Rethinking Instinct Theory from a Darwinian Perspective

Antoon Spithoven: Acemoglu’s Scientific Palette and Disruptive Technologies

Anna Kurysheva, Andrei Vernikov: A Veblenian View of Russian Folklore: Instrumental or Ceremonial Habits of Thought?

Andréa Almawi, Faruk Ülgen: Alternative Financing for a Sustainable Energy Transition: An Institutionalist Perspective

Anna Klimina: Silencing the Sirens: The Odyssey of Post-Keynesian Institutionalism in Revitalizing Capital Formation in Ukraine’s Post-War Economy

Rodrigo Constantino Jeronimo: Ride-Hailing Platforms in Brazil: Regulatory Challenges in Times of Crisis

Brian Chi-ang Lin: The 2030 Agenda for Sustainable Development and Institutional Change

Masato Miyazaki: Why do Institutions Change? Case Studies of Changes in the Local Government Finance System in Japan

Carlos Aguiar de Medeiros, Nicholas M. Trebat: From Complementarity to Rivalry: The Political Economy of United States-China Relations

Paolo Ramazzotti: Economic Policy—An Open-Systems Perspective: Institutions, Constraints, and Utopia

Kosta Josifidis, Novica Supic: Artificial Intelligence and the Productivity-Pay Gap in the USA: Industrial Insights and the Revival of Heterodox Ideas

Felipe Almeida: The Role of Vested Interests in the Evolution of the Notion of “Just World”

David Cayla: An Agenda for a Democratic Economy

Ricardo C. S. Siu: Role of China in the Transition of Globalization: Fostering or Preventing a More Just and Stable World?

Thomas A. Kemp: Weak Sauce: Authenticity, Selling Out, and the Skateboard Industry: A Study in Community Resiliency

Liudmila Malyshava, B. Oak McCoy: Towards Equality: An Evolutionary Policy Analysis of Social Security on Gender Inequality

Robert Haywood Scott: The Evolution of Redlining in the United States Housing Market

Ely Melchior Fair: The Evolution of Urban Rent Theory: Class and Distribution

Nadia von Jacobi, Alex Nicholls: Institutionalizing Inequality: Field Conditions, Institutional Belonging, and the Distribution of Identities

Luke Petach, J. Patrick Raines: The House Always Wins: Gambling as a Veblenian Social Practice

Avraham I. Baranes: Financialized Labor and the Fissured Workplace: An Institutionalist Understanding of Distribution Under Money Manager Capitalism

Sarah Klammer, Eric Scorsone: The Social Nature of Property: An Analysis Using Hohfeldian Jural Relations

Faruk Ülgen: Greening Finance? What Institutional Options for a Sustainable Transition?

Gregorio Vidal, Wesley C. Marshall: Technology, Money, and Work: The Ecological Nexus

Tanweer Akram, Khawaja Mamun: Interest Rate Dynamics: An Overview of Mainstream and Keynesian Empirical Studies

Takashi Satoh: A New Formulation of Interest-Bearing Capital and Debt: A Marxian Perspective on the Circuit of Capital

Tatiana Massaroli de Melo: Organizational Routines, Complexity and Emerging Properties

Journal of the History of Economic Thought 46 (2)

Steven G. Medema: Identifying a “Chicago School” of Economics: On the Origins, Diffusion, and Evolving Meanings of a Famous Name Brand

George S. Tavlas: The Long and Unfinished Road to Friedman and Meiselman’s “The Relative Stability of Monetary Velocity and the Investment Multiplier”

Samuel Demeulemeester:Investigating the “Debt–Money–Prices” Triangle: Irving Fisher’s Theoretical Journey toward the 100% Money Proposal

Lucy Brillant: The Origins of Yield Curve Theory: Irving Fisher and John Maynard Keynes

André Roncaglia de Carvalho: The Development of the Sawtooth Wages Model of Inflation

Stefan Kolev:When Liberty Presupposes Order: F. A. Hayek’s Contextual Ordoliberalism

Metroeconomica 75 (3)

Hideo Sato: An input trade model with Keynesian unemployment: Bridging a gap between trade theory and international Input–Output analysis

Arthur Jacobs: The Pasinetti theorem in a task‐based model of automation

Di Wu, Leonard F. S. Wang, Jie Ma: Corporate profit tax, managerial delegation and multinational firm's transfer pricing

Önder Nomaler, Danilo Spinola, Bart Verspagen: Demand‐led industrialisation policy in a dual‐sector small open economy

Naoki Yoshihara, Se Ho Kwak: Sraffian indeterminacy of steady‐state equilibria in the Walrasian general equilibrium framework

Review of Agrarian Studies 13 (2)

Arindam Das, Yoshifumi Usami: Downturn in Wages in Rural India

B. Satheesha: Changing Rural Labour Markets in India: Evidence from a Village in Southern Karnataka

Editor: Tribute to M. S. Swaminathan (1925-2023)

Himanshu Pathak: The National Agricultural Research, Education, and Extension System

C. Rangarajan: An Eminent Scientist and a Great Humanist

R. Ramakumar: An Integrated Vision for Kuttanad

R. V. Bhavani : The National Commission on Farmers, 17 Years On

Harish Damodaran: The Village that Seeded Swaminathan’s Green Revolution

Venkatesh Athreya: A Life Dedicated to the Pursuit of Science and Elimination of Hunger

Bruce Alberts: How M. S. Swaminathan Improved International Science at the U. S. National Academy of Sciences

K. C. Bansal: Biodiversity Conservation

T. Jayaraman: Pioneering Perspectives on Global Warming and Agriculture

Kenneth M. Quinn: The Final Member of the Extraordinary Triumvirate of Plant Scientists Who Changed the World

Rajeev K. Varshney: Contributions to Plant Genetics, Agricultural Innovation, and Food Security

A. K. Singh et al: Founder of the Rice Breeding Programme at the Indian Agricultural Research Institute

Wenbang Tang, Yeyun Xin: The Historic Relationship Between M. S. Swaminathan and Yuan Longping

Glenn Denning: The Post-Conflict Reconstruction of Cambodia's Rice Economy

Bui Ba Bon: The Founder of Vietnam-India Collaboration in Agriculture

Gurdev S. Khush: My Memories of Professor M. S. Swaminathan

Jauhar Ali: Piloting International Rice Research

Thelma Paris: Gender Concerns in Rice Agriculture

Virendra Pal Singh: M. S. Swaminathan at IRRI

Books and Book Series

Beyond Racial Capitalism: Co-operatives in the African Diaspora

Edited by Caroline Shenaz Hossein, Sharon D. Wright Austin, and Kevin Edmonds | 2024, Oxford University Press

Knowledge-making in the field of alternative economies has limited the inclusion of Black and racialized people's experience. In Beyond Racial Capitalism the goal is close that gap in development through a detailed analysis of cases in about a dozen countries where Black people live and turn to co-operatives to manage systemic exclusion. Most cases focus on how people use group methodology for social finance. However, financing is not the sole objective for many of the Black people who engage in collective business forms; it is about the collective and the making of a Black social economy.

Systemic racism and anti-Black exclusion create an environment where pooling resources, in kind and money, becomes a way to cope and to resist an oppressive system. This book examines co-operatives in the context of racial capitalism-a concept of political scientist Cedric J. Robinson's that has meaning for the African diaspora who must navigate, often secretly and in groups, the landmines in business and society. Understanding business exclusion in the various cases enables appreciation of the civic contributions carried out by excluded racial minorities. These social innovations by Black people living outside of Africa who build co-operative economies go largely unnoticed. If they are noted, they are demoted to an “informal” activity and rationalized as having limited potential to bring about social change. The sheer determination of Black diaspora people to organize and build co-operatives that are explicitly anti-racist and rooted in mutual aid and the collective is an important lesson in making business ethical and inclusive.

Please find a link to the book here.

Foundations of social ecological economics: The fight for revolutionary change in economic thought

By Clive L Spash | Manchester University Press, 2024

This book explores radical dissent from orthodox mainstream economics, and sets out a theoretically grounded vision for the emerging paradigm of social ecological economics. At the heart of this paradigmatic shift lies an acknowledgement of the inextricable embeddedness of economies in biophysical reality and social structure. The struggle for this transformative vision unfolds through a critical examination of mainstream environmental thought, followed by a nuanced evaluation of contributions from Marxists, socialists, critical institutionalists, feminists and Post-Keynesians grappling with the urgent environmental crisis.

Synthesising insights from these diverse and heterodox schools, the book navigates the philosophical underpinnings of science, embracing a critical realist approach that challenges not only mainstream economic thought but also eclectic pluralism, relativism and strong constructionism. The question of what constitutes revolutionary science is explored in light of works by Kuhn, Schumpeter and Neurath, emphasising the pivotal role of values and ideology in works from Marx to Gramsci.

Building on these radical and philosophical foundations, the book articulates a preanalytic vision of social ecological economics, dismantling entrenched notions of growth and efficiency in favour of a framework centered on social provisioning and needs embedded in ethics. In a thought-provoking conclusion, the book applies its analytical lens to the multiple crises of modernity within industrialised capital-accumulating economies. An agenda for social ecological transformation toward diverse alternative economies emerges, providing a compelling call to action in the face of contemporary challenges.

Please find a link to the book here.

Handbook of African Economic Development

Edited by Pádraig Carmody and James T. Murphy | Edward Elgar Publishing, 2024

The Handbook of African Economic Development explores the diverse nature of economic advancement in Africa, spanning from pre-colonial times to the present day. Expansive in scope, it offers both orthodox and heterodox perspectives on the subject, and what it means for the continent.

Please find a link to the book here.

If We Burn: The Mass Protest Decade and the Missing Revolution

by Vincent Bevins | PublicAffairs, 2023

From 2010 to 2020, more people participated in protests than at any other point in human history. Yet we are not living in more just and democratic societies as a result. IF WE BURNis a stirring work of history built around a single, vital question: How did so many mass protests lead to the opposite of what they asked for? From the so-called Arab Spring to Gezi Park in Turkey, from Ukraine’s Euromaidan to student rebellions in Chile and Hong Kong, acclaimed journalist Vincent Bevins provides a blow-by-blow account of street movements and their consequences, recounted in gripping detail. He draws on four years of research and hundreds of interviews conducted around the world, as well as his own strange experiences in Brazil, where a progressive-led protest explosion led to an extreme-right government that torched the Amazon. Careful investigation reveals that conventional wisdom on revolutionary change is gravely misguided. In this groundbreaking study of an extraordinary chain of events, protesters and major actors look back on successes and defeats, offering urgent lessons for the future.

Please find a link to the book here.

Leonid Hurwicz: Intelligent Designer: How War and the Great Depression Inspired a Nobel Economist (Jews of Poland)

by Michael Hurwicz | Academic Studies Press, 2023

While still in his early 20s, and under Hitler's shadow, Leonid “Leo” Hurwicz (1917-2008) left his home in Warsaw, Poland, seeking safety and a degree at the London School of Economics. The following years, while challenging and potentially life-threatening, contained the seeds of a lifelong intellectual adventure. Leo's story is personal (born a refugee, precarious war years for himself and his Polish-Jewish family, a new life in America), global (revolutions, wars, depressions), ideological (socialism, capitalism, economic planning, free markets) and professional (a sixty-year career as a professor of economics leading ultimately to a Nobel Prize). This book tells his story.

Please find a link to the book here.

Making Sense of Chaos: A Better Economics for a Better World

by J. Doyne Farmer | 2024, Allen Lane

We live in an age of increasing complexity, where accelerating technology and global interconnection hold more promise – and more peril – than any other time in human history. As well as financial crises, issues around climate change, automation, growing inequality and polarization are all rooted in the economy, yet standard economic predictions fail us.

Many books have been written about Doyne Farmer and his pioneering work in chaos and complexity theory. Making Sense of Chaos is the first in his own words, presenting a manifesto for doing economics better. In a tale of science and ideas, Farmer fuses his profound knowledge with stories from his life to explain how to harness a scientific revolution to address the economic conundrums facing society.

Using big data and ever more powerful computers, we can for the first time apply complex systems science to economic activity, building realistic models of the global economy. The resulting simulations and the emergent behaviour we observe form the cornerstone of complexity economics. This new science, Farmer shows, will allow us to test ideas and make significantly better economic predictions – and, ultimately, create a better world.

Please find a link to the book here.

Politicising Commodification: European Governance and Labour Politics from the Financial Crisis to the Covid Emergency

by Roland Erne, Sabina Stan, Darragh Golden, Imre Szabó, Vincenzo Maccarrone | Cambridge University Press, 2024

This book examines the new economic governance (NEG) regime that the EU adopted after 2008. Its novel research design captures the supranational formulation of NEG prescriptions and their uneven deployment across countries (Germany, Italy, Ireland, Romania), policy areas (employment relations, public services), and sectors (transport, water, healthcare). NEG led to a much more vertical mode of EU integration, and its commodification agenda unleashed a plethora of union and social-movement protests, including transnationally. The book presents findings that are crucial for the prospects of European democracy, as labour politics is essential in framing the struggles about the direction of NEG along a commodification–decommodification axis rather than a national–EU axis. To shed light on corresponding processes at EU level, it upscales insights on the historical role that labour movements have played in the development of democracy and welfare states. This title is also available as Open Access on Cambridge Core.

Please find a link to the book here, you can download it for free.

The Automatic Fetish: The Law of Value in Marx's Capital

by Beverley Best | Verso Books, 2024

Why the neglected third volume of Capital holds the key to Marx's theory of value

The Automatic Fetish traces Marx’s analysis of capital, step by step, through the material compiled posthumously as the third volume of Capital. Identifying the critique of value as the central through line of the entire work, Beverley Best elaborates a theory of movement through which the capital machine generates social forms of appearance as the inversion of its inner operating mechanisms. Neither a return to basics nor a new-fangled reconstruction, The Automatic Fetish eschews novelty to show once again that Marx rewards careful study.

Please find a link to the book here.

The Banker Ladies: Vanguards of Solidarity Economics and Community-Based Banks

By Caroline Shenaz Hossein | University of Toronto Press, 2024

All over the world, Black and racialized women engage in the solidarity economy through what is known as mutual aid financing. Formally referred to as rotating savings and credit associations (ROSCAs), these institutions are purposefully informal to support the women’s livelihoods and social needs, and they act to reject tiered forms of neo-liberal development. The Banker Ladies – a term coined by women in the Black diaspora – are individuals that voluntarily organize ROSCAs for self-sufficiency and are intentional in their politicized economic co-operation to counter business exclusion.

Caroline Shenaz Hossein reveals how Black women redefine the banking co-operative sector to be inclusive of informal institutions that are democratic and focused on group consensus, and which build an activist form of economic co-operation that is intent on making social profitability the norm. The book examines the ways in which diasporic Black women, who organize mutual aid, receive little to no attention.

Unapologetically biased towards a group of women who have been purposely sidelined and put down for what they do, The Banker Ladies highlights how, in order to educate oneself about their contributions to politics and economics, it is imperative to listen to the voices of hundreds of Black women in charge of financial services for their communities.

Please find a link to the book here.

The States of the Earth: An Ecological and Racial History of Secularization

by Mohamed Amer Meziane |Verso Books, 2024

While industrial states competed to colonize Asia and Africa in the nineteenth century, conversion to Christianity was replaced by a civilizing mission. This new secular impetus strode hand in hand with racial capitalism in the age of empires: a terrestrial paradise was to be achieved through accumulation and the ravaging of nature.

Far from a defence of religion, The States of the Earth argues that phenomena such as evangelism and political Islam are best understood as products of empire and secularization. In a world where material technology was considered divine, religious and secular forces both tried to achieve Heaven on Earth by destroying Earth itself.

Please find a link to the book here.

Work: The Last 1,000 Years

by Andrea Komlosy | translated by Loren Balhorn and Jacob Watson | 2024, Verso Books

Tracing the complexity and contradictory nature of work throughout history

Andrea Komlosy argues in this important intervention that, when we examine it closely, work changes its meanings according to different historical and regional contexts. Globalizing labour history from the thirteenth to the twenty-first centuries, she sheds light on the complex coexistence of multiple forms of labour (paid/unpaid, free/ unfree, with various forms of legal regulation and social protection and so on) on the local and the world levels. Combining this global approach with a gender perspective opens our eyes to the varieties of work and labour and their combination in households and commodity chains across the planet—processes that enable capital accumulation not only by extracting surplus value from wage-labour, but also through other forms of value transfer, realized by tapping into households’ subsistence production, informal occupation and makeshift employment. As the debate about work and its supposed disappearance intensifies, Komlosy’s book provides a crucial shift in the angle of vision.

Please find a link to the book here.