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Issue 78: March 3 , 2009


From the Editor

In the past couple of weeks, European academics and particularly European heterodox economists have addressed the question of state actions in reforming the nature of academic research and how quality research is identified and measured. First there is the statement from French academics—La défense des revues de sciences humaines et socials”. The statement says that the French Ministry of Research and Education would like to reform the higher education system in order to (1) classify scientific reviews according criteria defined by AERES and ERIH; (2) to use of this classification to rate the publications of the faculty of French universities and to give a grade to each faculty solely based on where they publish; (3) to classify faculty members as "good" or "bad" researcher in function of the grade and the number of publications; and (4) to use of this grade to assign more or less time to research per faculty. Faculty with a low grade would be considered poor researcher and would be allocated more teaching and administrative tasks and less research time. The statement goes on to say that this is not good because peer evaluation of research is better than cold administrative evaluation and that the quality and relevance of research is already accounted for by the editorial committee of reviews--if it is published it means that it is of quality, thus there is no need to add additional criteria. Finally the statement argues against the publish-or-perish mentality that the previous reform would institute. Quality is better than quantity and it may take a long time to write something worth publishing. (summary translation provided by Éric Tymoigne).

Secondly, Enrico Bellino, Pierangelo Garegnani, Giorgio Lunghini, Sergio Parrinello,Luigi Pasinetti, Pierluigi Porta, Piero Tani, and Gianni Vaggi have written an open letter on the issue of the valuation of research in economics in Italy: “Lettera aperta sulla valutazione della ricerca nelle discipline economiche” (see attachment for the letter in Italian and for an English and German translation; and the web site of the letter is ). Finally, I received the following e-mail from an Italian colleague:

…in my university a new system of research evaluation is going to be approved. There is the risk that heterodox reviews will probably be undervalued. I remember that some time ago you mailed an e-mail about a sort of ranking of heterodox review and publications. Do you have any idea of that? Do you know if it is possible to find somewhere a sort of ranking among heterodox publications? The idea is to fight to insert some heterodox reviews in Group A and in Group B.

Each of these statements clearly raised, in their own way, the question of how heterodox economics in general and specifically our European colleagues should address the issue of assessing research in a non-pluralist mainstream environment. As noted in the previous Newsletter, Wolfram Elsner and I are planning a Workshop on this topic to take place at the University of Bremen, Germany, in June—particulars of the Workshop are given below. We are also planning propose a session for the Research Network Macroeconomics and Macroeconomic Policies (FMM) conference which takes place in Berlin on 30 – 31 October 2009, and a session for the EAEPE Conference which takes place in Amsterdam, The Netherlands on 6-8 November 2009. If you are interested in participating in the Workshop and in one or both of the proposed conference sessions, contact Wolfram ( ) or myself ( ).

Fred Lee

In this issue:
  Call for Papers
  - Assessing Heterodox Economics in a European Context – A Workshop
- International Journal of Pluralism and Economics Education
- EAEPE Conference 2009
- Association for Evolutionary Economics (AFEE)
- The Research Network Macroeconomics and Macroeconomic Policies
- Political Economy, Financialization and Discourse Theory
- Special Issue of Deleuze Studies on “Deleuze and Marx”
- International Conference of Political Economy: Adam Smith Today
- EAEPE Symposium 2009
- 6th Euroframe Conference on Economic Policy Issues in the European Union
- The Centre of Full Employment and Equity (CofFEE) Conference
- Workshop on Markets, Governance and Human Development
- The Global Food Crisis
  Conferences, Seminars and Lectures
- Nancy Fraser at the Institute of Contemporary Arts
- The CICSE Lectures on Growth and Development
- ISET's European Interdisciplinary Spring 2009 Seminar Series
- After the Crash
- Power to the People?
- STOREP Workshop
- Left Forum Conference
- The Political Economy of Central Banking
- Public Debate
- Cooperation and Development Network (CDN)
Job Postings for Heterodox Economists
  - The Women of Color Resource Center (WCRC)
- Living Standards/Labor Economist
  Heterodox Conference Papers and Reports and Articles
  - Sweetening the Pot: Implicit Subsidies to Corn Sweeteners and the U.S. Obesity Epidemic
- Resources, Rules and International Political Economy: The Politics of Development in the WTO
- Obama’s Job Creation Promise: A Modest Proposal to Guarantee That He Meets and Exceeds Expectations
- After the Bust: The Outlook for Macroeconomics and Macroeconomic Policy
- Postwar Trends in Economic Well-Being in the United States, 1959–2004
- Macroeconomic Imbalances in the United States and Their Impact on the International Financial System
- Financial Stability: The Significance and Distinctiveness of Islamic Banking in Malaysia
- Long-Term Trends in the Levy Institute Measure of Economic Well-Being (LIMEW), United States, 1959–2004
Heterodox Journals and Newsletters
  - Challenge
- Feminist Economics
- International Review of Applied Economics
  Heterodox Books and Book Series
  - Money and Macrodynamics: Alfred Eichner and Post Keynesian Economics
- A History of Heterodox Economics: Challenging the Mainstream in the Twentieth Century
- Ontology and Economics
- "Equilibrium in Economics - Scope and Limits" Edited by Valeria Mosini
- Economics Versus Human Rights
- The Keynesian Multiplier
  Heterodox Book Reviews
  - Future Directions for Heterodox Economics
  Queries from Heterodox Economists
  - Ian Fletcher
  For Your Information
- 2009 Monthly Review Press
- Appel international à tous les universitaires
- Herbert Hoover Copycat
- Professors' Freedoms Under Assault in the Courts
- Why Economists Are Part of the Problem
- Spontaneous Order

Call for Papers

Assessing Heterodox Economics in a European Context – A Workshop

You are invited to submit a paper for a Workshop on

Assessing Economic Research in a European Context: the future of Heterodox economics and its research in a non-pluralist mainstream environment

26-27 June 2009, University of Bremen, Germany

Click here for detailed information.

International Journal of Pluralism and Economics Education

The objectives of IJPEE are:

to provide a forum for the exchange of ideas thereby fostering communication within the growing pluralist community; to advance the techniques and concepts of pluralist economics by providing practical suggestions to incorporate pluralism into the classroom;
to offer teachers and educators interested in pluralism an outlet for their research; and
to change the emphasis of economic education by making pluralism a central feature.

The subject matter will cover all branches of economics, with the objective of enhancing economic education in order to solve today’s pressing economic and ecological problems. Suitable topics include, but are not limited to:

Defining pluralism
What is pluralism and how can we incorporate it into the classroom
The rhetoric of pluralism: communicating within and across disciplines
Teaching the theory of the firm from a pluralist perspective
Teaching pluralism in developing countries
What can pluralists learn from Adam Smith and other classical economists?
Incorporating pluralism into online courses
Using pluralism to construct a framework for solving global problems
Are there limits to extending pluralism?
Pluralism and the individual
Pluralism as a central component of honours courses
Pluralism at the community college
Encouraging pluralism at the high school level
Necessary mathematics for pluralism
Reaching out to other social sciences
Teaching ecology from a pluralist perspective
Understanding the financial crisis from a pluralist perspective
Pluralism and system dynamics

You may send one copy in the form of an MS Word file attached to an e-mail to:

Jack Reardon, Editor IJPEE
Hamline University
Department of Management and Economics
School of Business
1536 Hewitt Avenue MS-A1740
St. Paul, MN 55104 USA

EAEPE Conference 2009

Institutional Solutions for Economic Recovery 
The world economy has reached a state of crisis and economists are called to the test. As governments in the western world have been completely taken by surprise by the credit crunch, the call upon economists for their knowledge and policy advice has been stronger than ever before. Economists have responded in political circles and in the media with standard answers to extraordinary circumstances.
One of the most challenging themes for institutional economists and social scientists is to explain the economic situation of today and to offer solutions for economic recovery. In the 20th century institutional economists have been at the forefront in describing and explaining business cycles and growth. In the 21st century the present generations will need to revisit some of this legacy and confront this with newer observations. For the time being many questions abound:
What changes in the institutional environment, the institutional arrangements, and in the norms and customs of people will lead to economic growth? What is the role of investments in knowledge, innovations, and entrepreneurship in creating these institutional improvements? Which improvements in the financial institutions can contribute to an economic recovery? What has been the impact of an increasing European integration and globalization on the severity of the crisis? What is the role of an international cooperation in the economic recovery?
The 2009 Conference of EAEPE in Amsterdam will address, in a broad sense, such questions and will contribute to the debate on economic recovery, through a multidisciplinary, institutional and evolutionary perspective.
Keywords: economic recovery, institutional change, globalization

Submission of abstracts:
Upload a 600-700 word abstract through the EAEPE website by May 1, 2009.
The abstract should clearly mention:
- title of the paper
- name of the author(s) and full address of the corresponding author (postal address, phone, fax and email)
- the aim of the study and methodology
- (expected) results and/or conclusion
- up to 5 keywords.
The submitted abstracts will be refereed by the scientific committee.
Important deadlines:
Deadline for abstract submission: May 1, 2009
Notification for abstract acceptance: May 30, 2009
Deadline for paper submission: September 20, 2009
In order to be included in the final program, the paper has to be submitted before the above stated date and at least one of the authors has to be registered, has paid the conference fee and be a paid EAEPE member. Please note that you have to be an EAEPE member in order to attend the conference. 

Association for Evolutionary Economics (AFEE)

Annual Meeting, Atlanta, Georgia, USA, January 3-5, 2010
Neoliberalism, Markets, and Freedom

AFEE invites proposals for individual papers and complete panels on the theme of Neoliberalism, Markets, and Freedom. Since the rise of Ronald Reagan and Margaret Thatcher, the world has undergone a “natural” experiment concerning the proposition that free markets are necessary, maybe even sufficient, for individual freedom. The theme of the 2010 annual meetings will be to reassess this proposition. All proposals reflecting the tradition and analytical perspective of the Association for Evolutionary Economics will be given serious consideration, but some preference will be given to proposals that address the following questions:

1. Historically, institutional economists have rejected the conventional discourse that contrasts “regulated” with “deregulated” markets. By contrast, John Commons and others have long argued that all markets are regulated. What has been right or wrong with our management of markets (including financial markets) over the past thirty years? How might things be improved?

2. “Conventional wisdom,” despite the recent financial crisis, still largely accepts the long-standing contention of professors Milton Friedman and Friedrich von Hayek that free markets are essential to freedom. Do “free markets” promote “life, liberty and the pursuit of happiness”? Additionally, what are the concrete historical and policy implications of the proposition that free markets are the most reliable way to end or at least mitigate the ugly legacies of discrimination?

3. How have neoliberal economic policies helped or hindered the achievement of widely accepted social goals such as sustained and sustainable growth, economic stability, reduced poverty, or a fairer distribution of income? What changes or modifications in the structure or scope of markets might improve results?

The deadline for submission of proposals for papers and sessions is April 10, 2009. Submissions via e-mail are strongly encouraged. When sending your email, clearly identify it as an AFEE paper or panel submission in the subject line. If receipt of your paper or panel proposal has not been acknowledged within two weeks of submission, please contact the Program Chair. Authors will be informed whether their proposals have been accepted by May 19, 2009.

Proposals for panels may contain up to five papers, and must include relevant details of all papers to be presented (see below). Constraints imposed by the Allied Social Science Association severely limit the number of sessions allocated to AFEE. AFEE and the Program Chair each deeply regret that it will be necessary to turn down a number of proposals.

Presentations should be no more than eighteen minutes in length so as to leave time for discussion. To be considered for publication in the June 2010 Journal of Economic Issues, the text of your paper cannot exceed 2,850 words, plus up to four pages total of references, tables and figures. The deadline for submission for the June JEI is December 11, 2009. JEI submission details will be provided to authors whose proposals are accepted for the conference. All criteria for the submission of papers, including deadlines, will be strictly enforced by the editor.

At least one of the authors of any paper must be a member of AFEE. Contact  for membership information.

Proposals for papers or panels must be submitted to the Program Chair by April 10, 2009. The following information must be submitted for each paper:

a) Name(s) of author(s)
b) Professional affiliation(s)
c) Email address of corresponding author
d) Mailing address of corresponding author
e) Title of proposed paper
f) Abstract of no more than 250 words
g) Your willingness to serve as a discussant or session chair (specify field)

Program Chair: Robert E. Prasch
Department of Economics
Warner Science Hall
Middlebury College
Middlebury, VT. 05753
Phone: 802-443-3419

The Research Network Macroeconomics and Macroeconomic Policies

The Research Network Macroeconomics and Macroeconomic Policies (FMM) organises its 13th conference on
‘The World Economy in Crisis – The Return of Keynesianism?’
30 – 31 October 2009, in Berlin.
The submission of papers in the following areas is encouraged:
- Global imbalances and the current crisis
- Financial crisis, real crisis and the risks of depression and deflation
- Paradigm shift in macroeconomics – the return of Keynesianism?
- Economic policy reactions and the future relationship between the market and the state
- Regulation of the financial sector from a Keynesian perspective
- Perspectives for a Keynesian New Deal

For the open part of the conference the submission of papers on the general subject of the Research Network is encouraged as well. We also ask for the submission of papers for graduate student sessions, on the specific subject of this conference or on the general subject of the Research Network.
Conference language is English. Selected papers will be published after the conference.
The deadline for paper proposals is 30 June 2009. Please send an abstract (one page) to Susanne Stöger ( ). Decisions will be made by mid-August. Accepted papers should be sent in by 15 October to be posted on the conference web page.
Please forward this call for papers to your mailing lists.
Organising Committee of the conference:
Sebastian Dullien ( ), Eckhard Hein ( ), Peter Spahn ( ), Achim Truger ( ), and Till van Treeck ( )
Coordinating Committee of the Research Network:
Sebastian Dullien (FHTW Berlin), Trevor Evans (Berlin School of Economics), Jochen Hartwig (KOF/ETH Zürich), Eckhard Hein (IMK, Düsseldorf), Hansjörg Herr (Berlin School of Economics), Torsten Niechoj (IMK, Düsseldorf), Jan Priewe (FHTW Berlin), Peter Spahn (University of Hohenheim), Engelbert Stockhammer (WU Wien), Claus Thomasberger (FHTW Berlin), Achim Truger (IMK, Düsseldorf), and Till van Treeck (IMK, Düsseldorf)
More on the Research Network:

Political Economy, Financialization and Discourse Theory

Cardiff Business School is organising a small conference of about 40 participants on:
“Political Economy, Financialization and Discourse Theory”

Conference to be held at Cardiff University 28-29 May 2009, from noon on the 28th to mid- afternoon on the 29th.

The current financial crisis has called into question broader contemporary developments in the financial and economic sphere. These include an explosion in derivatives trading, use of off-shore financial centres, and the `financializing' extension of financial products and financial calculations into new spheres of economic activity. Now the financial meltdown has arguably dislocated the project of neo-liberalism.

How, then, is the contemporary phase of capitalist development and associated crisis of financialization to be conceptualized? What relevance might various forms of discourse theory have for analysing aspects of this crisis? This workshop is intended to address the following questions:

- What is the contribution of discursive/poststructuralist analysis to the interrogation of central elements of the financial crisis?

- How do other traditions and forms of analysis serve to highlight the shortcomings and/or correct the limitations of discursive/poststructuralist analysis?

These questions are pertinent as discursive/poststructuralist analysis has become increasingly influential in recent years, yet studies of practices central to the development and reproduction of the contemporary economic and financial order are exceptional (e.g. de Goede, 2003; Stäheli, 2007). This omission leaves discursive/poststructuralist analysis vulnerable to the criticism that it fails to adequately account for the so-called materialist dimensions of social and economic reality (Laffey, 2004). Are such criticisms justified? What discourse theoretic resources might be mobilised to neutralise or address such critiques?

The aim of this workshop is therefore to explore and assess the insights into the political economy of financialization – its confident expansion and possible exhaustion - from a range of perspectives (e.g. structuralist, critical realist and poststructuralist), paying particular attention to the contribution of forms of discourse theory to its analysis (Glynos and Howarth, 2007). More specifically, it is hoped to stimulate and advance consideration of the potential of discursive analysis for reconstructing the entrenched but increasingly contested materialist/idealist dichotomy.

The broad intent of the conference is to bring together people with an interest in assessing and critiquing the contribution that discourse theory can make to the analysis of political economy and, more specifically, to processes of financialization and the current financial crisis. We are particularly interested in contributions that address the relevance of discourse theory and analysis that are either directly informed by, or engage critically with, poststructuralist thinking.

Professor Marieke de Goede (University of Amsterdam) will give the opening plenary lecture.

Positive responses to an initial call for papers have so far been received from Glyn Daly, Melissa Fisher, Paul DuGay, Nick Hildyard, Paul Langley, Anastasia Nesvetailova, Michael Pryke, Christoph Scherrer, Ewen Speed, Urs Staeheli, Nigel Thrift, Colin Wight, and Karel Williams.

The fee for the workshop is £75. There is a reduced fee of £50 for PhD students. This includes lunches, teas and coffees.

Papers are invited that provide some illumination of the issues and questions outlined above. Please submit an abstract of 300-500 words before February 28th 2009 to Angela Cox – email  Places are strictly limited and, if necessary, a waiting list will be created. 

Special Issue of Deleuze Studies on “Deleuze and Marx”

Writings on Deleuze and Guattari’s twin volumes, Capitalism and Schizophrenia, have often focused on questions about desire, body without organs, the schizophrenic etc. There have been a few notable exceptions that have attempted to articulate and expound upon the numerous political problems that Deleuze and Guattari attempt to resolve through analyses of concepts such as de-/re-territorialization, coding and re-coding etc, however a specter is haunting Deleuze and Guattari that has yet to be explained, articulated and debated; the specter of Karl Marx. This volume attempts to analyze the relationship between Deleuze (and Guattari) and Marx and their respective works. This volume is an intervention into the fields of Deleuze Studies, Marxist and Marxian philosophy and political economy, and critiques of capitalism through an examination of the relationship between Deleuze and Marx. This volume will be of interest to people interested in Deleuze Studies who are interested in questions of politics and critiques of capitalism, Marxist theory and philosophy and people interested in political economy.

Themes that will be covered in this volume include (but are not limited to):

1) hegemony and theories of imperialism
2) the role of philosophy in changing the world,
3) theories of surplus
4) tensions between the virtual and the potential
5) ideology and noology
6) modes of production
7) the nature of anti-capitalist politics in Deleuze’s work.

Please limit the length of papers to no more than 10 000 words. The deadline for submission of papers is March 30, 2009.

Please include your name, e-mail address, and phone number. Papers should be e-mailed to  All papers will undergo a double-blind review.

International Conference of Political Economy: Adam Smith Today

in Kocaeli - Çanakkale,Turkey from 01. October 2009 to 04. October 2009
Deadline for paper submissions: 15. June 2009

We start our first annual international political economy conference with a conference on Adam Smith. We start our conference series with Smith because he is regarded as the founder modern political economy. With his classical work An Inquiry into the Nature and causes of the Wealth of Nations he established an internationally recognized major discipline in 18th century. Today there is hardly any university throughout the world, which does not have an economy department. However, there is also a particular reason why we start the series of our conferences with Smith. His other classical work The Theory of Moral Sentiments was published 250 years ago. With our first conference we aim to commemorate also the 250th anniversary of the publication of this classical work in ethical theory. The Theory of Moral Sentiments is Smith's first work. It served along with his various Essays on Philosophical Subjects the philosophical foundation of his later works as his Lectures on Jurisprudence clearly shows.

We start our series of annual international political economy conferences with a conference on Adam Smith. We start with Smith because he is regarded as the founder of modern political economy. With his classical work An Inquiry into the Nature and Causes of the Wealth of Nations he established an internationally recognized major discipline in 18th century. Today, there is hardly any university throughout the world, which does not have an economy department.

One other reason for starting with Smith is the 250th anniversary of the publication of his classical work The Theory of Moral Sentiments (1759). The anniversary is being celebrated with various events throughout the world. The Theory of Moral Sentiments is Smith's first work which, along with his Essays on Philosophical Subjects, served as the philosophical foundation for his later works.
The conference aims to explore various aspects of Smith's work, in particular the relationship between his two major works and what these works mean for our time. Papers to be presented at the conference may relate to following areas:
- The impact of his two works, An Inquiry into the Nature and Causes of the Wealth of Nations and The Theory of Moral Sentiments on today’s local and global economic issues;
- Intellectual sources, context and legacy of Adam Smith;
- The typology of ethics in The Theory of Moral Sentiments;
- Adam Smith's philosophical work and political economy;
- Adam Smith and international relations;
- Adam Smith and his relation with other classical political economists;
- The relevance of The Wealth of Nations for contemporary issues;
- The foundation of a lasting economy based on the philosophy of Adam Smith, ethical and political issues;
- Global financial crisis and challenges to political economy in terms of the philosophy of Adam Smith, its relevance for global economy and developing countries.
These are some of the topics we would like to explore relevant to Adam Smith. Topics related to any aspects of Smith’s works, relationship between them, their meaning for our time, their significance for the following philosophers and political economists and other topics within the context of political economy should enrich the conference and expand the given framework for discussion. The language of the conference will be both Turkish and English.

The papers presented at the Conference will be published in English and Turkish in Adam Smith Review and Turkish Journal of Political Economy: "Ekonomi Politik". Session suggestions and abstracts could send to with writer(s)’ cv by 15th of June 2009.

Further information at:

EAEPE Symposium 2009

Please notice that the dead-line for abstracts for the EAEPE Symposium 2009 “Knowledge, firm behavior and strategic management” to be held in Lappeenranta University of Technology, Finland (22-23th of May) is 15th of March. Please find more information here:

6th Euroframe Conference on Economic Policy Issues in the European Union

Causes and consequences of the current financial crisis:
what lessons for European Union countries?
Friday, 12 June 2009, London
The EUROFRAME group of research institutes (CASE, CPB, DIW, ESRI, ETLA, IfW, NIESR,OFCE, PROMETEIA, WIFO) will hold its sixth annual Conference on Economic Policy Issues in the European Union in London on 12 June 2009. The aim of the conference is to provide an economic forum for debate on economic policy issues relevant in the European context.
The Conference will focus on causes and consequences of the current financial crisis with a view to draw lessons for EU countries. Contributions should address issues related to: Causes of the current financial crisis (search for high profitability, growth based on indebtedness and capital gains, functioning of global finance: banks’ behaviour, derivative products, financial bubbles, failure of financial mathematics; failures in the national and international regulatoryframeworks); Financial crises and the real economy, analysing consequences and solutions to the problems they have caused (evidence for the links between financial crises and consumption behaviour; links between banks, equity markets and firms in financial crises; what can we learn from previous advanced economy financial crises); The development of the current crisis and policy answers (vicious circles in banking, financial and equity markets, failures and successes ofgovernment measures to restore the functioning of the financial and banking systems). Towards a new Financial System? (Less finance or finance without bubbles?, World growth without imbalances?, New banking and financial regulations?, A new European regulatory framework? A new global financial architecture? A new functioning of financial markets?).
Submission Procedure
Abstracts should be submitted by e-mail before 13 March to Abstracts (2 pages) should mention: title of communication, name(s) of the author(s), affiliation, corresponding author’s e-mail address, postal address, telephone number.
Corresponding authors will be informed of the decision of the scientific committee by mid-April.
Full papers should be received by e-mail by 25 May.
Scientific Committee
Karl Aiginger (WIFO), Ray Barrell (NIESR), Michiel Bijlsma (CPB), Marek Dabrowski (CASE),
Christian Dreger (DIW), Klaus-Jürgen Gern (IfW), Markku Kotilainen (ETLA), Paolo Onofri
(PROMETEIA), Iulia Siedschlag (ESRI), Henri Sterdyniak (OFCE), Catherine Mathieu (OFCE,
Scientific Secretary)
Local Organising Committee (NIESR, London)
Ray Barrell, Dawn Holland, Simon Kirby; Phil Davis (NIESR and Brunel Univ)
Contacts - Abstract and paper submissions
Ray Barrell:
Catherine Mathieu: , tel.: +33 (0) 1 44 18 54 37

The Centre of Full Employment and Equity (CofFEE) Conference

This year will be the first for some time that official unemployment rates will rise. The overall predictions are that there could be around a million people unemployed in Australia by year's end. The underemployment rate will also rise.

The Centre of Full Employment and Equity (CofFEE) will be holding its' annual conference 3rd - 4th December 2009. This will be the 11th Path to Full Employment Conference / 16th National Conference on Unemployment. The conference will be held at the University of Newcastle, Australia.

At present, around 10 per cent of the available labour force is unable to get enough work. If this downturn approaches the depth of the 1991 recession, this figure will jump to 20 per cent or more. A strong employment-centric federal response is needed to avoid an escalation in joblessness. This year's conference will be particularly important in sharing ideas from the best researchers in the area about how we can avoid major labour market devastation.

This years' theme will be: Labour underutilisation - unemployment and underemployment

Papers are particularly welcome in the following research and policy areas:
- What are the origins of the global financial crisis? Is the Australian government's response adequate? How could it be improved?
- Any research on unemployment - its dimensions, causes, cures
- The increasing problem of underemployment and marginal workers.
- Why has work become more precarious? Is it a problem? What are the solutions?
- What is full employment? How is it defined and measured? How close are we to achieving full employment? What are the challenges that remain?
- How can the new Federal Government's social inclusion agenda be designed and implemented?
- Employment guarantees - why are several countries now turning to Job Guarantee-type policies to combat poverty and unemployment? What are the lessons for Australia?
- Why do disparities in regional labour markets persist? What is the extent of the problem and its solutions? Spatial patterns of work and housing.
- Long term, youth, disabled and indigenous unemployment.

Contributions can be made to both the Refereed (peer reviewed) or Non - Refereed streams. Refereed papers will be included in a printed volume of conference proceedings (which will constitute a refereed conference paper under Australian government rules).

Abstracts in both the refereed (peer reviewed) or Non - Refereed streams - Monday 13th July 2009 5pm.
Draft Refereed Papers - Monday, September 28, 2009 Final Refereed Papers and registration payment - October 31, 2009.
NB: Refereeing will take place between September 28, 2009 and October 19, 2009.
You will have 2 weeks to address the referees' comments and make any necessary changes.
Non - Refereed Papers and registration payment - Monday, November 2, 2009.
Those interested are asked to visit our website  for detailed paper submission guidelines as well as paper deadlines.
Please submit your abstract to the CofFEE office:
Details relating to Key Note Speakers and registration will follow in coming months.

Workshop on Markets, Governance and Human Development

Jointly organised by: Development Studies Association (Environmental Resources and Sustainable Development Study Group, and Development Ethics Study Group)
and Robinson College, University of Cambridge
6-7 July 2009. Venue: Robinson College, Cambridge
Keynote speakers:
- Professor Marc Fleurbaey, CERSES, Universit Paris Descartes
- Professor Tim Jackson, University of Surrey
- Professor Alan Kirman, GREQAM, EHESS, IUF, France
- Professor John O.Neill, University of Manchester

Workshop aims:
In the current economic crisis, an important question to revisit concerns when and to what extent markets are appropriate mechanisms to deliver goods and services to consumers, satisfy their desires and also contribute to human and economic development. For some economists, it is of no doubt that a freemarket economy has overwhelmingly positive aspects and offers a wide set of opportunities to many people. However, for the critics of the free-market economy, it is often the poorest sections of the community that suffer most. Others argue that state intervention in such situations usually means that the taxpayer as well as the more prudent average saver will have to pay for the failures of rich speculators. Have we come to the end of "liberal market economy"? Can markets 'correct' themselves? Are we expecting markets to deliver services for which they are not the most appropriate institutions? Are we witnessing a period of a particular market failure, or is it a "system failure"? Do we need 'deeper' and more active governance of international and national financial systems to prevent further events like this to happen? If so, how can we achieve this?
It is clear that discussion of such questions cannot be confined to examinations within boundaries of a single discipline. A broader dialogue drawing from insights and viewpoints from different disciplines is required. Such discussion should include views on the ways markets work, the channels through which they can and do contribute to advancing human development through creation of opportunities and widening the range of functionings and capabilities.There is a need to re-examine issues related to the values and psychological mindframes underpinning markets and the power structures they produce. As Amartya Sen (2008) mentions in passing in the Martin Luther King Lecture:
There is no such thing as "the" market solution, for the market is exactly as good as the company it keeps. It is extremely important to recognise that the market economy can yield very different results, depending on governing conditions, such as the distribution of resources and opportunities to develop skill and to secure fair bases of entry into market transactions, which in turn depend on the support of public distribution of education and health care, better functioning of trade agreements, reform of patent laws and environmental regulations, the operation of credit facilities, among many other influencing factors. All these influences are open to reform and change.

Against, this background, this workshop aims to examine two sets of issues:
a. Markets and human development: Issues under this theme include, for example: what evidence is there to suggest that markets can deliver pro-poor growth and sustainable human development; how compatible are values such as "market-rationality" and human development; are markets "only" delivering efficiency at the cost of equity; are markets the main reason for current global environmental changes; should there be institutions that temper the role of markets; are there tradeoffs between developing market and social institutions (as for example, suggested by Marglin, 2006), do markets give "by nature" more power to entrepreneurs and traders than to other market participants?
b. Governance and human development: Issues under this theme include: how much governance do we need for human development; why are some societies better than other similar ones in developing institutions; what is the role of accountability in relation to agency and well-being freedoms - is accountability a prerequisite or an outcome of improved human development; can governance effectively counterbalance power relations that were established through the market, does governance work with the market or (does it need to work) against the market?
We welcome papers that explore these issues theoretically and/or empirically from within the disciplines of economics and other social sciences and philosophy. Some selected papers will be proposed for publication in special issues of international refereed journals.
Registration fee will apply to cover college accommodation and catering. Further details will be sent if paper is accepted.
Submission: Please submit extended abstracts/proposals of 1,000 - 1,500 words by 25th March 2009. Please do not hesitate to contact us if you need any clarifications. Abstracts should be sent to:
Dr P.B. Anand
University of Bradford

Dr Des Gasper
Institute of Social Studies, The Hague

Dr Miriam Teschl
Robinson College, Cambridge

The Global Food Crisis

Zacatecas, Mexico
August 13-15, 2009

The Critical Development Studies (CDS) network announces an international conference.
Inviting participation and submission of a paper on any conference subtheme

Deadline for submission: March 15, 2009.
Actual papers due June 15, 2009.

Please send proposals, with a title and brief abstract, to:
(Subject: Global Food Crisis)

Click here for detailed information.


Conferences, Seminars and Lectures

Nancy Fraser at the Institute of Contemporary Arts

Monday 09 March at 7.00 pm

To commemorate her recently published Adding Insult to Injury, as well as Scales of Justice, Nancy Fraser will speak at the ICA on 09 March, in conversation with Anne Phillips, Professor of Political and Gender Theory at LSE, and a contributor to Adding Insult to Injury. Fraser examines the changes in leftist accounts of injustice since the collapse of Communism and the rise of identity politics. These accounts have strayed from a traditional focus on economic harms such as poverty, exploitation, and inequality; attention has turned increasingly towards cultural issues such as cultural imperialism, ‘misrecognition’, and disrespect. This development raises serious questions; how can the Left do justice to the legitimate claims of multiculturalism without abandoning its commitment to economic equality? How can it broaden the understanding of an injustice that adds (cultural) insult to (economic) injury?

Tickets available from:

Nancy Fraser Debates her Critics

By Nancy Fraser
Edited by Kevin Olson

“For more than a decade, Nancy Fraser’s thought has helped to reframe the agenda of critical theory. Today, when egalitarian hopes flicker and shine against the background of pervasive repression, Adding Insult to Injury provides a singular stimulation.” Etienne Balibar
Adding Insult to Injury tracks the debate sparked by Nancy Fraser's controversial effort to combine redistribution, recognition, and representation in a new understanding of social justice. The volume showcases Fraser's critical exchanges with leading thinkers, including Judith Butler, Richard Rorty, Iris Marion Young, Anne Phillips, and Rainer Forst. The result is a wide-ranging and at times contentious exploration of varied approaches to rebuilding the Left.

NANCY FRASER is Loeb Professor of Philosophy and Politics at the New School for Social Research and holder of a Chaire Blaise Pascal at the École des Hautes Études en Sciences Sociales in Paris. Her books include Redistribution or Recognition: A Political-Philosophical Exchange (with Axel Honneth), Justice Interruptus: Critical Reflections on the “Postsocialist” Condition, and Unruly Practices: Power, Discourse and Gender in Contemporary Social Theory.

ISBN 9781859842232 / £16.99 / $29.95 / Paperback / 360 pages / Published November 2008

Adding Insult to Injury is available from all good bookshops and at:



The CICSE Lectures on Growth and Development

Inequality and the Process of Development
by Oded Galor (Brown University)

8-10 June 2009
University of Naples "Parthenope", Villa Doria d'Angri, via Petrarca n. 80
Naples, Italy

The CICSE ( ) announces that the second "CICSE Lectures on Growth and Development", in collaboration with the Department of Economics, University "Parthenope" of Naples, will be delivered by Prof. Oded Galor, Herbert H. Goldberger Professor of Economics, Brown University, Providence, RI, USA

The CICSE Lectures are planned to provide invited scholars with the opportunity to recollect and reorganize their ideas, to present them in a more general format, to provide proofs of special cases or some empirical studies that in short presentations like that of an article of a journal cannot be exhaustively treated, and to provide deeper analyses of some points. Once delivered a set of Lectures are collected in a book published by Cambridge University Press in the "CICSE Lectures on Growth and Development" Series. The first set of Lectures were delivered by Stephen J. Turnovsky on "Capital Accumulation and Economic Growth in a Small Open Economy" and the book is currently in press.

The three Lectures by Professor Galor are on " Inequality and the Process of Development". More precisely they are on

Lecture 1 (June 8, afternoon): From the Classical and Neoclassical Approach to The Modern Perspective
Lecture 2 (June 9, morning): A Unified Approach
Lecture 3 (June 10, morning): Inequality and Growth Promoting Human Capital Policies

All interested scholars are free to attend the CICSE Lectures at Villa Doria d'Angri, via Petrarca 80
Naples, Italy, but they need to be registered within May 20, 2009. Registration is possible through the page
where further information on the Lectures are found.
The afternoon of the 9th will be devoted to a Poster Session with the Oded Galor's participation. The deadline for delivering a poster is March 31, 2009. The application requires registration within March 31 and an abstract sent to

ISET's European Interdisciplinary Spring 2009 Seminar Series

'New Europe: Security, Politics and Cultural Change'launches on Monday 2 March 6-7.30 pm with a talk on:

New Europe, new crisis: Perspectives on financial instability and economic cooperation/ Laszlo Andor: European Bank for Reconstruction and Development

The new member states of the European Union have produced very dynamic economic growth in the last 6-8 years. However, they have been badly affected by the current financial crisis, and they are not expected to return to their robust development after the end of the crisis, whenever that may come. The current crisis, therefore, highlights the surviving asymmetries in Europe, and also the fact that the institutional arrangements of the EU (and particularly the Economic and Monetary Union within that) cannot handle these imbalances. In a way, most of the new member states find themselves facing a position other EU members were in before 1992: being part of the single market, exposed to the free flow of capital but managing their macroeconomies with their own national currencies. The manifestation of economic weakness and financial fragility in the Eastern half of the EU is another test of European cohesion. New forms of economic integration among the new member states would be needed to strengthen their economic fundamentals, and new policies within the EU framework would be needed to create more financial stability within the region. More sustainable development in East-Central Europe and the Balkans could also contribute to deeper and wider cooperation between the EU and the Commonwealth of Independent States.

László Andor is associate professor at Corvinus University of Budapest (BCE, Department of Economic Policy) and at King Sigismund College (ZSKF). Currently he is a member of the board of directors at the European Bank for Reconstruction and Development in London.

Future Seminars:

Security socialization? The national security concepts of the Central and Eastern European states after NATO and EU enlargement
9 March, Felix Ciuta, School of Slavonic and Eastern European Studies, UCL

The European imperative: Rescuing the Balkans
16 March, David Chandler, University of Westminster

European culture in transition: The possibility space of transnationalism
23 March, Kevin Robins, Goldsmiths College and Istanbul Bilgi University

Russia's conception of a new European security order 30 March, Marko Bojcun, London Metropolitan University

I look forward to seeing you there - please feel free to pass this on to anyone interested.

6:00 - 7:30 p.m in The Old Staff Café, London Metropolitan University, Tower Building, 166-220 Holloway Road - ALL WELCOME - refreshments provided

Institute for the Study of European Transformations (ISET) London Metropolitan University 166-220 Holloway Road London N7 8DB 

After the Crash

A series of lectures and seminars dedicated to an enquiry into the nature and causes of the de-wealthing of nations, as precipitated by the 2008 financial meltdown.

UADPhilEcon (the University of Athens doctoral program in economics) is organising a series of public lectures to be held during the next five months on the big issue of the day: the financial meltdown and the global recession it triggered. We would be thrilled if you could attend at least some of these lectures. They promise to throw much valuable light on developments the world over.

The series is inaugurated by Gary Dymski (University of California, Sacramento) on Monday 16/2 to Friday 20/2 DAILY, at 17.00.

All lectures will take place at UADPhilEcon's 6th floor Seminar Room, 14 Evripidou Street.For more information, please write to  or call +30-210-3689849.

Click here for detailed lecture program and other information.

Power to the People?

... masses, proletariat, workers, soviets, nation, community, subalterns, multitude, commons...

Radical Philosophy Conference, Central London, 9 May 2009

£25/£10 unwaged

Registration and further details:

Cheques payable to `Radical Philosophy Ltd' should be sent to: Radical Philosophy Conference, Peter Osborne, CRMEP, Middlesex University, Trent Park Campus, Bramley Rd, London N14 4YZ

Plenary (chair: Peter Osborne, RP)
`They, the People'
Gayatri Spivak (Columbia University, NY)

The General Will (chair: Peter Hallward, RP)
'The General Will on the Street'
David Andress (Portsmouth)

'How Do the People Make Themselves Heard?'
Sophie Wahnich (CNRS, Paris)

Urban Collectivities (chair: David Cunningham, RP)
'Urban Intersections and the Politics of Anticipation'
AbdouMaliq Simone (Goldsmiths)

`Urbanism and the Post-Political'
Erik Swyngedouw (Manchester)

Population & Biopolitics (chair: Stuart Elden, Durham)
'Biopolitics, Diasporas and (Neo)Liberal Political Economy'
Couze Venn (Nottingham Trent)

'Feminist Strategies Revisited - Sexopolitics, Multitude and Biopolitics'
Encarnacion Gutierrez Rodriguez (Manchester)

Class, Commons & Multitude (chair: Esther Leslie, RP)
'Crisis, Tragedies and the Commons'
Massimo De Angelis (UEL)

`Power to the people!' was once a revolutionary slogan, but reference to government by the people and for the people soon became an empty cliché of the post-revolutionary status quo. The people has become a notoriously ambiguous and contested term, for which numerous alternatives have been proposed: the proletariat, the workers, the masses, the soviets, the nation, the community, the multitude, the commons... And now? How might we assess the different conceptions of political change embodied in these often conflicting ideas? What is the political and philosophical significance of `the people' today?

£25/£10 unwaged

Registration and further details:

Cheques payable to `Radical Philosophy Ltd' should be sent to:Radical Philosophy Conference, Peter Osborne, CRMEP, Middlesex University, Trent Park Campus, Bramley Rd, London N14 4YZ

STOREP Workshop

“Valutazione della ricerca e reclutamento universitario” 
Lunedì 6 aprile 2009
h 11.00 - 17.00

Università del Piemonte Orientale,
Facoltà di Giurisprudenza
Palazzo Borsalino,
via Cavour 84, Alessandria
Organizzato da
Associazione Italiana per la Storia dell’Economia Politica
in collaborazione con
Facoltà di Giurisprudenza
Dipartimento di Scienze Giuridiche ed Economiche
Dipartimento di Politiche Pubbliche e Scelte Collettive
Università del Piemonte Orientale

Left Forum Conference

We are pleased to invite you to the upcoming Left Forum conference, April 17-19 at Pace University in New York City (across the street from City Hall, next to the Brooklyn Bridge entrance).
This is the Left Forum's first year at Pace, and so far it has been the most collaborative conference we have organized; we have benefited from the active engagement of Pace students, faculty, and staff, as well as the input and support from the surrounding community. With wide-ranging contributions from artists, community organizers, and scholars from around the world, and more scheduled panels and speakers than ever before, the 2009 Left Forum appears poised to contribute to the type of critical dialogues needed at this historical moment. While there is no doubt that the times call for nothing less, we are humbled at the extent of the involvement of people and Left communities from around the region, country and the world.
A few of the more than 150 confirmed panels include:
- On the Brink of Depression: Turning Point in World Capitalism?

Nationalization of the Auto Industry
- Childhood, Capitalism and Resistance
- Crisis Politics: What Way Forward for Obama?
- Afghanistan & the Global Peace Movement
- Women, Incarceration and Resistance
- Religion & Empire: A Christian-Marxist Dialogue
- Black Workers and the Current Economic Crisis
- China's Labor Movement: Global Dimensions
- Debating Long Term Strategies for "the Left"
- Left Psychology Explores US Personal Life
- Illustrating Resistance: Art & Activism
- The End of the Sexuality & Culture Wars?
- Street Children of Tegucigalpa & Wash. Politics
- The Debate Over Green Capitalism
- Health Care Reform: Building Left Unity Is Critical
- Progressive Program for Financial Reconstruction
- New School Occupation, New Political Moment?
- Systematic Destruction of Poor Black & Latino Families in NYC
- State Capitalism - a new, New Deal?
- Gay Marriage: Should the Left Care?
- Hip Hop and the Left
- Gaza - Jews & Arabs Speak Out
- Corporate Media's Magic Trick: Disappearance of the Working Class
- The Food Democracy Movement
Click here for a list of confirmed speakers
Among the highlights of the weekend will be a Saturday performance event, including excerpts from "The Cradle Will Rock" by Pace/Actor's Studio, "Letters from Guantanamo," music, dance, and more; a day of student discussions, panels, and roundtables (all of which will precede the opening plenary); and theater, visual art, and film integrated into the panels, hallways, and performance events. Attached is the conference announcement graphic (if you can, download it, copy it and send to email lists, post it online, or print it up - to encourage people to come to the Forum).
Please join us for this extraordinary political moment. To register for the conference go to: register for Left Forum 2009 Conference.
We look forward to seeing you on the 17th of April,
The Volunteers, Staff and Board Members of the Left Forum
Left Forum

The Political Economy of Central Banking


27-28 MAY, 2009 / 27-28 MAI, 2009

Sponsored by the Social Sciences and Humanities Research Council /Finance par le Conseil de Recherche en Sciences Humaines.
For more information, contact Louis-Philippe Rochon, at  or

Click here for detailed information.

Public Debate

Learning through recession: Competitiveness, social cohesion and lifelong learning

Monday 9 March, 13:00 – 15:00 pm at National Institute of Economic and Social Research, 2 Dean Trench Street, Smith Square, London, SW1P 3HE
Buffet lunch available 12:30 – 13:00
We are delighted to invite you to a ‘Question Time’ style debate about the impact of global recession on competitiveness and social cohesion and the role that lifelong learning might play in any recovery. The debate will address a range of current issues. Does the economic crisis signal the end of the road for the so-called Anglo-Saxon economic model? What new political and economic settlements can ensure prosperity and social cohesion for future generations? How can we 'learn' our way out of the crisis and what is the role for learning and skills in the new social and economic order which must be constructed? This event is part of the Festival of Social Science being run by the Economic and Social Research Council (ESRC) during the National Science & Engineering week. The panel includes well-known commentators from public life and members of the ESRC funded LLAKES Research Centre:
Claire Fox (Chair): Director of the Institute of Ideas; David Willetts: Shadow Secretary for Innovation, Universities and Skills; Professor Andy Green: Director of LLAKES; Professor Lorna Unwin: Deputy Director of LLAKES; Dr. Martin Weale: Director of the National Institute of Economic and Social Research;
We aim to present a diverse range of views in order to stimulate fresh ideas for policymaking and research. Thus we welcome your active participation through questions to the panel. Please e-mail us your questions in advance or bring them along on the day.
For reservations or if you require any further details please contact Magdalini Kolokitha at: Email: ; Tel: 020 73315112.

Cooperation and Development Network (CDN)

Summer School on Structural Change: Analyses, Experiences and Methodologies
3-16 June 2009
Over the last few years the international debate on economic policies, and especially on development
policies, witnessed the emergence of views alternative to the Washington consensus. The current
economic events at the world level – people are more worried about deflation than inflation, industrialists are asking the governments to spend more rather than less, etc. – make a full understanding of such alternative views more needed than ever.

Click here for detailed information.

Job Postings for Heterodox Economists
The Women of Color Resource Center (WCRC)

Economic Justice & Human Rights Program Director Position Open Until Filled

The Women of Color Resource Center (WCRC) is looking for a skilled, energetic and resourceful Economic Justice & Human Rights Program Director rooted firmly in economic and racial justice politics, feminist analysis, and social transformation at local, national and international levels.

Founded in 1990 and headquartered in Oakland, the Women of Color Resource Center (WCRC) is a national political education and leadership development organization. Its mission is to promote the political, economic, social and cultural wellbeing of women and girls of color in the United States. Informed by a social justice perspective that takes into account the status of women internationally, WCRC is committed to organizing and educating women across lines of race, ethnicity, religion, nationality, class, sexual orientation, physical ability and age. WCRC has embarked on a strategic planning process in 2009, which will culminate in the creation of a 3-5 year plan.

The two current projects of the EJHR program include the Welfare Rights Education & Advocacy Project (WREAP), which currently focuses on research and education strategies related to creating a just welfare policy, and the Technological Empowerment and Media Project of Oakland (TEMPO), a skills training and leadership development project for low-income women.

Sustain programmatic components of WREAP & TEMPO projects. Evaluate past work, current context, and provide recommendations for projects going forward.
Lead the program redesign and implementation of the overall Economic Justice & Human Rights program work in relationship to strategic planning efforts.
Strengthen current partnerships and build new organizational allies.
Work closely with Peace & Solidarity Program Director to develop and promote cross-program linkages.
Lead and design popular education workshops on economic justice and human rights topics.
Write articles, blogs and op/eds that reflect organizational political perspective for broad audiences.
Collaborate with Development Director and Executive Director to advance fundraising efforts on behalf of program.
Actively participate in organizational assessments, program planning and evaluation processes.
Engage in additional staff responsibilities and tasks as needed.

Proven commitment to gender, racial, social and economic justice and a strong desire to build a broader social justice movement.
Study or training in social movement history, radical political theory, and/or other relevant political development.
Strong progressive community experience in development leadership and constituencies among low-income women of color.
Policy advocacy and campaign experience to advance programmatic goals.
Familiarity with program planning, evaluation and budgeting processes.
High level of initiative and ability to work well in collaborations.
Solid verbal and written communication skills.
Strong computer skills.
Personable, approachable and flexible.

Salary and hours: This position will be 1.00 FTE with a salary of $39,000-$43,000 annually. Salary will be commensurate with experience.
Generous benefits, including vacation, holidays, and health and dental insurance. This staff person should expect to work more than 40 hours per week, at times, as schedule varies depending on the activities of the organization. Occasional flexibility with evenings and weekends required.

How to apply: Submit a resume, cover letter, and 3 references to the Search Committee at  No calls, please.

Living Standards/Labor Economist

The Economic Policy Institute is looking for an experienced economist for our flagship Living Standards program. In that position, the successful candidate would work with the Living Standards team to undertake a variety of research and analytical projects. They would be responsible for monitoring and commenting on current economic conditions, including labor market conditions; trends in income and wage outcomes; factors that impact low- and moderate-income workers; and others. They would also be expected to analyze and comment on related economic policies.
The position also includes a significant component of research dissemination and communication; working with EPI's external/communications team to communicate findings to the media, public-interest organizations, the academic community, and policy makers in Congress and the administration.
The successful candidate would also help set the direction of the program by identifying new areas of inquiry and shaping programmatic activities.
The position reports directly to the Research and Policy director, but will also work closely with EPI's president.
About the Living Standards program
The Economic Policy Institute is a nonprofit, nonpartisan think tank that seeks to broaden the public debate about strategies to achieve a prosperous and fair economy.
EPI's living standards program conducts research and analysis on a range of issues that are core to EPI's mission, including labor market conditions, policies that impact low- and moderate income workers, work and family issues, poverty, macroeconomic conditions, immigration, family budgets, and income inequality. EPI's well-known State of Working America biennial publication is primarily authored by the Living Standards team.
- Conduct analyses of labor market conditions using a variety of publicly available data sources
- Represent EPI in the media and other public forums
- Work with the Living Standards team to develop and implement a research and analysis agenda
- Conduct academic quality long-term research
Skills and qualifications
- Advanced degree in economics or a related field and at least 5 years of post-graduate work experience.
- A working knowledge of one or more commonly used microeconomic survey datasets (such as the CPS, PSID, or the SIPP) and an ability to conduct statistical analyses of such data (e.g., using SAS, Stata, or other statistical software).
- Solid communication skills-both written and oral-for a variety of audiences.
An ideal candidate would have:
- Demonstrated research agenda in one or more living standards issue areas.
- In-depth knowledge of economic policy issues that impact low- and moderate-income families.
- Management and program development experience.
- Experience with media, including print and broadcast.
- Fundraising experience in a non-profit/think-tank environment.
To apply
To apply for this position, please send cover letter and resume via email to:  Please indicate that you are interested in the Living Standards Economist position. They can also be mailed to Research Dept., Economic Policy Institute, 1333 H St. NW, Suite 300 East; Washington, DC 20005 or faxed to 202-775-0819. No phone calls please.
Applications will be accepted on a rolling basis until the position is filled.
Pay commensurate with experience. EPI offers an excellent benefit package and is an Equal Opportunity Employer. 


Heterodox Conference Papers and Reports and Articles

Sweetening the Pot: Implicit Subsidies to Corn Sweeteners and the U.S. Obesity Epidemic

By Alicia Harvie and Timothy A. Wise
Policy Brief No. 09-01, February 2009
Pigs, chickens and steers aren’t the only ones in the United States getting fat off a diet of cheap corn. So are many Americans, according to some analysts, and corn sweeteners are alleged to be the culprits. The annual per-capita consumption of caloric sweeteners in the United States has increased by 40 pounds in the last 40 years, and high fructose corn syrup (HFCS) accounts for 81% of the 83 additional calories the average American consumes each day from sweeteners alone. Has cheap corn caused an HFCS boom and contributed to the obesity epidemic?
Perhaps the most prominent writer on the subject is consumer advocate Michael Pollan, who charges U.S. farm policy with a central role in America’s expanding waistline, citing the abundance of cheap corn sweeteners in our food. Some recent academic studies question the validity of the charge, suggesting the link is tenuous at best. GDAE’s Alicia Harvie and Timothy A. Wise add to this discussion by estimating how much cheaper HFCS, a critical ingredient in the American diet, was from 1997-2005 because corn prices fell below corn’s cost of production. In examining the economics behind the claim, these findings suggest that while Pollan might be overstating the causal link, U.S. farm policy is doing American diets no favor.
The researchers find that U.S. farm policy effectively lowered corn prices and HFCS production costs, offering HFCS producers an implicit subsidy of $243 million a year, a savings of $2.2 billion over the nine-year period, and over $4 billion since 1986. For soda bottlers, the main consumers of HFCS and among those most heavily implicated in public health concerns, the savings amounted to nearly $100 million per year, $873 million over the nine-year period, and nearly $1.7 billion since the wholesale adoption of HFCS by the soda industry in the mid-eighties.
While this may not have reduced soda prices to an extent that would account for rising consumption, there is little doubt U.S. agricultural policies have indirectly subsidized a sector that may be contributing to health problems in the United States.
Download Policy Brief:
For more on GDAE’s “Feeding the Factory Farm” project:
For more on GDAE’s Globalization and Sustainable Development Program: 

Resources, Rules and International Political Economy: The Politics of Development in the WTO

By Kenneth C. Shadlen
GDAE Working Paper No. 09-01, January 2009
(also forthcoming as a chapter in WTO and Human Rights: Interdisciplinary Perspectives, Sarah Joseph, David Kinley and Jeff Waincymer, eds., Edward Elgar, 2009)
This paper by GDAE Senior Research Fellow Kenneth Shadlen examines the contemporary politics of intellectual property (IP) and investment in the World Trade Organization (WTO). He explores the underlying and perennial conflicts that pit developing and developed countries against each other in these two areas and the nature of the two agreements reached during the Uruguay Round, the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and the Agreement on Trade-Related Investment Measures (TRIMS). He then analyzes developed countries’ efforts to push beyond the TRIPS and TRIMS agreements, and, critically, developing countries’ success in forestalling these efforts. Developing countries have “prevailed” in the current international conflicts over IP and investment not by securing rules that they desire but rather by preventing the imposition of arrangements that they regard as worse than the WTO status quo. Shadlen explores the complex political economy of these negotiations.
Download Working Paper:
For more on GDAE’s Globalization and Sustainable Development Program:
Also, please note that Shadlen’s previous GDAE Working Paper 07-05 has been revised and will be published in the journal Comparative Politics under the title, “The Politics of Patents and Drugs in Brazil and Mexico: the Industrial Bases of Health Policies.” Due to copyright restrictions, it is no longer available as a GDAE Working Paper. The new version can be obtained by request to the author:

Obama’s Job Creation Promise: A Modest Proposal to Guarantee That He Meets and Exceeds Expectations

Pavlina R. Tcherneva
Job creation is once again at the forefront of policy action, and President Obama must be far more audacious in this regard, says Research Associate Pavlina R. Tcherneva. She proposes an amendment to the Obama stimulus plan whereby the government serves as employer of last resort, since a job guarantee can reduce the unemployment rate drastically and immediately. This policy represents a genuine bottom-up approach to the recovery that offers employment opportunities to all, including minorities and women, and creates jobs and valuable work at a much smaller price.
Fiscal policy is executed in a manner completely opposite from what John Maynard Keynes had in mind, and we have an opportune moment to set fiscal policy straight, says Tcherneva. Counting on the private sector to generate the desired job growth is a far too lengthy and sluggish road to recovery. Moreover, a job guarantee is entirely consistent with all of the objectives of Obama’s plan.

After the Bust: The Outlook for Macroeconomics and Macroeconomic Policy

Thomas I. Palley
“Change” was the buzzword of the U.S. presidential campaign, in response to a political agenda precipitated by financial turmoil and a global economic crisis. According to Research Associate Thomas I. Palley, the neoliberal economic policy paradigm underlying the current agenda must itself change if there is to be a successful policy response to the crisis. However, there are profound political, intellectual, and sociological obstacles to such change.
The ideology of the economics profession—mainstream economic theory—remains unreformed, says Palley, and he warns of a return to failed policies if a deep crisis is averted. Since Post Keynesians accurately predicted that the U.S. economy would implode from within, there is an opportunity for Post Keynesian economics to replace neoliberalism with a more successful approach.

Postwar Trends in Economic Well-Being in the United States, 1959–2004

Edward N. Wolff, Ajit Zacharias, and Thomas Masterson
The Levy Institute Measure of Economic Well-Being (LIMEW) is a more comprehensive measure than either gross money income or extended income because it includes estimates of public consumption and household production, as well as the long-run benefits of wealth ownership. As a result, it provides a picture of economic well-being in the United States that is very different from the official measures.
The authors find that median household well-being grew rather sluggishly over the 1959–2004 period compared to the annual growth rate of per capita GDP. They note the crucial role of net government expenditures, and therefore call for the Obama administration’s fiscal stimulus package to improve the broader economic well-being of the poor and the middle class, while also creating jobs.

Macroeconomic Imbalances in the United States and Their Impact on the International Financial System

Julia S. Perelstein
This paper breaks new ground in the analysis of financial instability in the United States. It shows how instability links with macroeconomic imbalances and inflation in the U.S. economy, and identifies the key structural features that describe the dynamics of an international financial system dependent on the U.S. trade deficit.
Author Julia S. Perelstein accounts for the global integration of capital markets by analyzing the relationship between U.S. trade imbalances and global financial markets. She concludes that the 2007–08 financial crisis was a consequence of the U.S. trade deficit, that there is global financial dependence on the United States when dollars are reinvested in U.S. capital markets (thus creating excess liquidity and sequential bubbles relating to housing and commodities), and that U.S. macroeconomic imbalances cannot be resolved without affecting the rest of the world.

Financial Stability: The Significance and Distinctiveness of Islamic Banking in Malaysia

Ewa Karwowski
Islamic banking prohibits interest and collateral while adhering to the idea that banks should channel funds toward productive investment. Profit is generated by primary and secondary modes of Islamic finance (e.g., profit-sharing arrangements such as partnerships and equity participation). Its perceived superiority to conventional banking is derived from its morality, social welfare dimension, and greater stability.
The author reveals the dynamic interaction between the Islamic and non-Islamic economy in Malaysia, and extends the theories of financialization and excess capitalization to emerging markets. Using a flow-of-funds approach in line with Hyman P. Minsky’s methodology, she finds a financial business cycle where domestic firms have been overcapitalized. She also finds that Islamic banking contributes to asset inflation by channeling surplus funds from the corporate to the household sector.

Long-Term Trends in the Levy Institute Measure of Economic Well-Being (LIMEW), United States, 1959–2004

Edward N. Wolff, Ajit Zacharias, and Thomas Masterson
This paper forms the basis for three successive LIMEW reports (the first of these is outlined above). The motivation to construct the LIMEW in lieu of relying on the official measures of well-being is to provide a more comprehensive measure of economic inequality that will also show the disparities among key demographic groups.
In addition to the findings in the first report, the authors show that the LIMEW provides a perspective of disparities among population subgroups that is different from the official measures, as well as differing time trends. For example, according to the LIMEW, there has been almost continuous improvement in the relative well-being of the elderly, which were 9 percent better off than the nonelderly in 2000 because of greater income from wealth. Moreover, the principle factor behind the overall increase in inequality between 1959 and 2004 was the rising contribution of income derived from nonhome wealth.


Heterodox Journals and Newsletters


Volume 52 Number 1 / January - February 2009 of Challenge is now available at

This issue contains:

- Letter from the Editor
Jeff Madrick

- Avoiding Another Meltdown
James Crotty, Gerald Epstein

- The Economic Crisis and the Developing World: What Next?
Robert Wade, José Antonio Ocampo, Kevin Gallagher

- The Free Market Versus a Regulating Government
Amitai Etzioni

- Global Climate Policy and Climate Justice: A Feminist Social Provisioning Approach
Marilyn Power

- You Can Eat Your Cake and Have It, Too
Christian Weller

- A Challenge to Washington Think Tanks
Murray Weidenbaum

- Paul R. Krugman, Recipient of the 2008 Nobel Prize in Economics: An Appreciation
Robert C. Feenstra

- Reviews
Pedro Nicolaci da Costa

- The Revolution of November 4, 2008
Mike Sharpe

Feminist Economics

Volume 15 Issue 1 is now available online at informaworld ( ).

This new issue contains the following articles:

Who Uses Paid Domestic Labor in Australia? Choice and Constraint in Hiring Household Help
Authors: Janeen Baxter; Belinda Hewitt; Mark Western

Behind the negotiations: Financial decision-making processes in Spanish dual-income couples
Author: Sandra Dema-Moreno

Job Satisfaction, Work Time, and Well-Being Among Married Women in Japan
Authors: Corinne Boyles; Aiko Shibata

Contextualizing rationality: Mature student carers and higher education in England
Authors: Stella González-Arnal; Majella Kilkey

The Challenge of Obtaining Quality Care: Limited Consumer Sovereignty in Human Services
Author: Kari H. Eika

Trading Women's Health and Rights? Trade Liberalization and Reproductive Health in Developing Economies
Author: Mariama Williams

Everywhere/Nowhere: Gender Mainstreaming in Development Agencies
Author: Shahra Razavi

Gendering the Knowledge Economy: Comparative Perspectives
Author: Lilja Mósesdóttir

Gender and Social Policy in a Global Context: Uncovering the Gendered Structure of the Social
Author: Diane Perrons

Ethics and the Market: Insights from Social Economics
Author: Siobhan Austen

Gender, Generation and Poverty: Exploring the ‘Feminisation of Poverty’ in Africa, Asia and Latin America
Author: Kanchana N. Ruwanpura

International Review of Applied Economics

Volume 23 Issue 2 is now available online at

This new issue contains the following articles:

Wage share, globalization and crisis: the case of the manufacturing industry in Korea, Mexico and Turkey
Author: Ozlem Onaran

Balance-of-payment constrained growth: the case of China, 1979-2002
Author: Yongbok Jeon

Are estimates of labour demand functions mere statistical artefacts?
Authors: Jesus Felipe; J. S. L. McCombie

Embedding environmental innovation in local production systems: SME strategies, networking and industrial relations: evidence on innovation drivers in industrial districts
Authors: Massimiliano Mazzanti; Roberto Zoboli

Does the stock market affect investment by Chinese firms? Some new evidence
Author: Feng Xiao

International technological spillovers from ICT-producing manufacturing industries: a panel data analysis
Authors: Carmen López-Pueyo; Jaime Sanaú; Sara Barcenilla


Heterodox Books and Book Series

Money and Macrodynamics: Alfred Eichner and Post Keynesian Economics

Edited by
Marc Lavoie, University of Ottawa
Louis Philippe Rochon, Laurentian University;
Mario Seccareccia, University of Ottawa

Alfred Eichner's pioneering contributions to Post Keynesian economics offered significant insights on the way modern economies and institutions actually work. Published in 1987, his Macrodynamics of Advanced Market Economies contains rich chapters on dynamics and growth, investment, finance and income distribution, a timely chapter on the State and fiscal policy, and two analytical chapters on endogenous money that are years ahead of their time. Featuring chapters by many of Eichner's disciples, this book celebrates his rich contributions to Post Keynesian economics, and demonstrates that his work is in many ways as valid today as it was over two decades ago.  Click here to download the order form.

Selected Contents:
About the Authors
Part I. The Link Between Micro and Macro
1. Was Alfred Eichner a System Dynamicist? Michael Radzicki
2. Alfred Eichner's Missing 'Complete Model': A Heterodox Micro Macro Model of a Monetary Production Economy, Fred Lee
3. Macro Effects of Investment Decisions, Debt Management and the Corporate Levy, Elettra Agliardi
4. Pricing and the Financing of Investment: Is There a Macroeconomic Basis for Eichnerian Microeconomic Analysis? Mario Seccareccia
Part II. Competition and the Globalized World
5. The Macroeconomics of Competition: Stability and Growth Questions, Malcolm Sawyer and Nina Shapiro
6. The Megacorp in a Global Economy, Matthew Fung
7. Pricing and Profits Under Globalized Competition: A Post - Keynesian Perspective on U.S. Economic Hegemony, William Milberg
Part III. Credit, Money and Central Banking
8. Eichner's Theory of Endogenous Credit Money, Robert P. Guttmann
9. Eichner's Monetary Economics: Ahead of Its Time, Marc Lavoie
10. Alfred Eichner, Post Keynesians, and Money's Endogeneity: Filling in the Horizontalist Black Box, Louis Philippe Rochon
ISBN: 978 0 7656 1795 8
Price: $98.95
Pages: 228
Pub. Date: September 2009

A History of Heterodox Economics: Challenging the Mainstream in the Twentieth Century

By Frederic Lee
University of Missouri, Kansas City, USA

February 2009: 358pp / HB: 978-0-415-77714-8: £75.00 £60.00 150.00 USD 120.00 USD

Economics is a contested academic discipline between neoclassical economics and a collection of alternative approaches, such as Marxism-radical economics, Institutional economics, Post Keynesian economics, and others, that can collectively be called heterodox economics. Because of the dominance of neoclassical economics, the existence of the alternative approaches is generally not known. This book is concerned with the community history of heterodox economics, seen primarily through the eyes of Marxian-radical economics and Post Keynesian economics.

Throughout the 20th century neoclassical economists in conjunction with state and university power have attacked heterodox economists and tried to cleanse them from the academy. Professor Lee, in his groundbreaking new title, discusses issues including the contested landscape of American economics in the 1970s, the emergence and establishment of Post Keynesian economics in the US and the development of heterodox economics in Britain from 1970 to 1996.

Contents: 1. Introduction Part I: Heterodox Economics in the United States 2. The Contested Landscape and Dominance in American Economics In the 20th Century 3. Heresy, Blasphemy, and Radical Economics in Post-War America, 1945 – 1970 4. The Contested Landscape of American Economics circa 1965 – 1980 5. The History of Post Keynesian Economics in America, 1971 – 1995 Part II Heterodox Economics in the United Kingdom 6. The Contested Landscape of British Economics, 1900 – 1970 7. Heterodox Economics in Britain, 1970 – 1996 8. Research Assessment Exercise and its Impact on Heterodox Economics, 1989 – 1996 9. Research Assessment Exercise, the State, and the Dominance of Mainstream Economics in British Universities, 2000 – 2003 Part III Heterodox Economics at the Beginning of the 21st Century 10. The Emergence of Heterodox Economics, 1990 - 2006 11. Ranking Heterodox Economic Journals and Departments: Suggested Methodologies

For more information: 

Download flyer for a 20% discount and library order form.

Ontology and Economics

Edited: Edward Fullbrook. Published 2009 by Routledge
The advance paperback version

The new book, Ontology and Economics (the chapter contents are listed here) is currently available from traditional retailers only in hardback and at 75 pounds sterling. However, the Cambridge Social Ontology Group has persuaded Routledge to produce a limited supply of a very nicely produced paperback version, retailing at just 12 pounds per copy (plus postage, etc). If you are interested in reserving a paperback version contact Emily Hudson ( ), either by email, or at the address given below. Emily will indicate postage costs, if relevant, and possible ways of paying (NB for purchasers from outside the UK, the book can be purchased by bank transfer).

Alternatively, for those who can reach Cambridge the book can be collected from Emily’s office at the weekly Monday night Realist Workshop.

Please note, there only a limited stock of the books to sell, and more than half have already gone. So if you do want a reasonably priced paperback version of this book, do get in touch now.
Emily’s full details are:

Emily Hudson
Faculty of Economics
Austin Robinson Building
Sidgwick Avenue
Phone: +44 (0)1223 335211
FAX (Economics Faculty general office: +44 (0)1223 3354 75

"Equilibrium in Economics - Scope and Limits" Edited by Valeria Mosini

Series: Routledge Frontiers of Political Economy List Price: £20.00 (only available online - see link below) Publication Date: 29/01/2009

General Equilibrium Theory, which became the dominating paradigm after the Second World War, is founded on the postulated existence, uniqueness, and stability of equilibrium in economic processes. Since then, the concept has come under sustained attack from all points of the heterodox compass, from Austrian economists to Marxists.

The contributions in this book, which include articles from Tony Lawson, Ivor Grattan-Guinness and Roger Backhouse [and Andy Denis - ed], highlight current notions of equilibrium in economics and provide a guide to understanding the links between economic theory and economic reality.

Economics Versus Human Rights

By Manuel Couret Branco
Series: Routledge Frontiers of Political Economy 
List Price: $130.00
Human rights and economics are the concepts that have contributed the most to free human kind, the former from fear and the latter from need. Consequently, they should be complementing rather competing. Unfortunately it does not seem to be the case. In this book Manuel Couret Branco shows how mainstream economics discourse is intrinsically opposed to the promotion of human rights, especially economic, social and cultural rights. Considering a variety of issues, this book looks at the conflict between economics and human rights at a theoretical level; how economics is opposed to the right to work; how economics, being a science concerned with the provision of goods and services for commercial purposes, conflicts with the idea of providing those same goods and services as rights, using as examples the right to water and the right to social security; the opposition of economics to cultural freedom, supported by the argument that economics tends to homogenize cultures on the basis of the idea that there is only one best culture to fulfil economic objectives; how economics contributes to the erosion of the democratic idea; and, finally, the opposition of economic globalisation to democracy. The main conclusion of the book is that enhancing human rights in the global economy era demands a radical transformation of economics and of the economy. This transformation should be characterised by reinstating the primacy of the person over the economy, by replacing economics at the service of human dignity. One of the aspects of this transformation concerns the need for a democratic control of the market. This democratic control means that people affected by economic decisions should be able to participate in the making of those decisions. In other words, the book proposes the recognition of economics as essentially a political science, and, thereby, the rehabilitation of politics within economics' discourse.

The Keynesian Multiplier

Claude Gnos and Louis- Philippe Rochon (Editors, Routledge)


Three Views on the Multiplier.

John Maurice Clark’s Contribution to the Genesis of the Multiplier Analysis:
A note with some related unpublished correspondence.

The Material and Methodological Significance of the Supermultiplier.


The Investment Multiplier and Income Savings.

The Multiplier and the Principle of Reflux.

The Demise of the Keynesian Multiplier Revisited.

Consumption, Investment and Investment Multiplier.


Kalecki and the Multiplier

The Keynesian Multiplier: The Monetary Pre-Conditions and the Role of Banks as Defended by Richard Kahn’s 1931 Paper. A Horizontalist Re-Interpretation

The Multiplier, the Principle of Effective Demand and the Finance Motive: a coherent framework



Heterodox Book Reviews

Future Directions for Heterodox Economics

ed. by John T. Harvey and Robert F. Garnett (2007) (Advances in Heterodox Economics, ed. by F.S. Lee and R. Garnett, Vol. 4), Ann Arbor (322 pages, paperback, Univ. of Michigan Pr., ISBN-13: 978-0-472-03247-1). Click here to download the review.


Queries from Heterodox Economists

Ian Fletcher

I am looking for Canadian, Australian, and British economists interested in preparing country-specific editions of my new book criticizing free trade. The edition I have already written is from an American perspective and would need to be adapted. This would be on a co-author basis and compensated accordingly.

Best Regards,

Ian Fletcher

Adjunct Fellow
US Business & Industry Council
225 Bush St. Suite 1641
San Francisco, CA 94114 USA
415.439.8377 | 415.358.4320 (fax) | 415.238.8145 (cell)


For Your Information


CODESRIA (Council for the Development of Social Science Research in Africa) has got several new grants available for Comparative Research, National Working Groups, Text Books and a call for papers for Methodology workshops. CODESRIA is one of the only heterodox social science body in SSA and it would be great if people could look at the web page.

2009 Monthly Review Press

2009 Monthly Review Press catalogue is now available. 

Appel international à tous les universitaires

French universities are on a permanent strike.


CASH, Domingo, 22 de Febrero de 2009
Crítica a la ortodoxia
La teoría económica dominante es impotente como paradigma explicativo de la realidad del capitalismo actual. La revista científica Nature postuló la necesidad de una “revolución científica” en la economía. (cont.)

Herbert Hoover Copycat

How the Current Financial Rescue Schemes are Following the Failed Model of the Hoover Administration
By Ismael Hossein-zadeh

Faced with the financial meltdown of the Great Depression, the Hoover administration created the Reconstruction Finance Corporation that poured taxpayers’ money into the coffers of the influential Wall Street banks in an effort to save them from bankruptcy. Like today’s Bush/Obama administrations, the Hoover administration used the “too-big-to-fail” scare tactic in order to justify the costly looting of the national treasury. All it did, however, was to simply postpone the day of reckoning: almost all of the banks failed after nearly three years of extremely costly bailouts schemes. (cont.)

Professors' Freedoms Under Assault in the Courts

Balance of Power is a series examining new challenges to faculty influence.
Kevin J. Renken learned the limits of his academic freedom the hard way.
As an associate professor of mechanical engineering at the University of Wisconsin at Milwaukee, Mr. Renken says he felt obliged to speak out about his belief that administrators there were mishandling a National Science Foundation grant to him and several colleagues. When the university subsequently reduced his pay and returned the grant, he sued, alleging illegal retaliation. (cont.)

Why Economists Are Part of the Problem

I am one of the last members of an anomalous generation of economists who came of age in the period from the Great Depression and World War II to the antiwar movement of the 1960s. What made this generation anomalous was that its leaders — including such Nobel laureates as Jan Tinbergen, Paul A. Samuelson, James Tobin, and Kenneth J. Arrow — included a disproportionate number who were aware not only of the virtues of a market system but also of its limitations. Of course, even anomaly is relative; the generation that came of age between the 1930s and the 1960s also included Milton Friedman and Robert E. Lucas Jr., both Nobel winners who held to a faith in the market and eventually came to dominate the profession.(cont.)

Spontaneous Order

An Empirical Example of Spontaneous Order that Austrian Economics talk about