Heterodox Economics Newsletter

Issue 131 | May 21, 2012 | web | pdf


The Newsletter serves many purposes that are germane to intellectual activities in heterodox economics and to the growth of the community of heterodox economists. Over the past couple of years, we have been also trying to expand the scope of the Newsletter. In this light, we have created a new section, ''Ph.D. Dissertations in Heterodox Economics,'' with the expectation that newly minted heterodox economists will be more visible to the community. To begin with, we've included an interesting dissertation, ''Pricing, Price Stability, and Post Keynesian Price Theory,'' written by Gyun Cheol Gu at the University of Missouri--Kansas City. If you have completed your dissertation recently (say, since January 2012), share your hard work with other heterodox economists. To be included in the Newsletter, send us the following information: the title, author's name and email, abstract, institution, date completed, and advisor's name (a longer summary is optional).

Our academic year has come to an end and summer has arrived in Buffalo. Normally H.E.N is published every three weeks, but we relax a bit and publish it once a month until September. For those academics on similar schedules, and now working on department annual reports, you might find the item “Marx’s End of Year Departmental Assessment” entertaining.

In solidarity,

Tae-Hee Jo and Ted P. Schmidt, Editors



© Heterodox Economics Newsletter. Since 2004. Founding Editor: Frederic S. Lee. Current Editors: Tae-Hee Jo and Ted P. Schmidt (SUNY Buffalo State College). Book Review Editor: Fadhel Kaboub. The Newsletter may be freely redistributed in whole or in part.  Web: heterodoxnews.com Email: heterodoxnews@gmail.com  

Table of Contents

Call for Papers

1st Interdisciplinary Symposium on Sustainable Development: Which transition for our societies?

2nd COST Annual Conference

4th Cambridge International Regulation and Governance Conference

V Jornadas de Economía Crítica: La crisis global como crisis del pensamiento económico

11th International Post Keynesian Conference

APORDE: African Programme on Rethinking Development Economics 2012

Association for Institutional Thought 2013 Conference

Association for Institutional Thought 8th Annual Student Scholars Award Competition

Brazilian Keynesian Association 5th International Conference

Conference on the Practical Wisdom for Management and Economics in the Buddhist Tradition

Never Waste a Crisis. Strategies of Representing and Managing Crisis after the Crash

Promises for a More Responsible Capitalism

Winter Session 2012 of German Association for Political Economy (Arbeitskreis Politische Ökonomie)

Workshop: Heterodox Economics and Perspectives on Poverty

Call for Participants

Brecht Forum: Thinking About What Replaces Capitalism

EPN Cours de T. Stanley et M. Lavoie

FMM Introductory Workshop on Heterodox economics

Historical Materialism Australasia Conference 2012

Living in Squeezed Britain: Attitudes to Wealth and Economic Inequality in the New Age of Austerity

LSE History of Economics Workshop

Minsky Conference in China: Global Financial Fragility and the Development of Capitalist Finance

Minsky Summer Seminar

Northern IPE Network Workshop

PKSG Keynes Seminar

PKSG Workshop at SOAS

Research Seminar and Tour of the Mondragon Cooperatives in the Basque region of Spain

Séminaire d'Economie Politique

Sheffield Political Economy Research Institute (SPERI)

URPE Summer Conference 2012

Value, Money and Crisis: A Workshop on the Work of Hans-Georg Backhaus

The 215th Meeting of the KG Society for the History of Economic Thought

Job Postings for Heterodox Economists

International Food Policy Research Institute

University of Bremen, Germany

University of Cambridge, UK

University of Sydney, Australia

Conference Papers, Reports, and Podcasts

A Triumph of Failed Ideas: European models of capitalism in the crisis

Shann Turnbull, "Transforming finance from the ground up"?

Vision in Heterodox Economics, New School for Social Research

Heterodox Journals

Cambridge Journal of Economics, 36(3): May 2012

Challenge, 55(3): May-June 2012

History of Economic Thought and Policy (a new journal announcement)

Industrial and Corporate Change, 21(3): June 2012

International Journal of Political Economy, 40(4): Winter 2011-12

Ola Financiera, No. 12: May-August 2012

Review of Radical Political Economics, 44(2): June 2012

Revue de la régulation. Capitalisme, institutions, pouvoirs, Numéro 11: 1er semestre 2012

Heterodox Newsletters



Global Labour Column


INET Spotlight

Levy News

PERI In Focus

Heterodox Books and Book Series

Economic Growth and Development, 2nd Edition

Environmental & Natural Resource Economics

Subprime Cities: The Political Economy of Mortgage Markets

Occupy the Economy: Challenging Capitalism

The Making of a Post-Keynesian Economist: Cambridge Harvest

On Skidelsky's Keynes and Other Essays: Selected Essays of G. C. Harcourt

The Fall and Rise of Keynesian Economics

Heterodox Book Reviews

The Poverty of Clio: Resurrecting Economic History

Heterodox Graduate Programs, Scholarships, and Grants

Antipode Foundation Scholar-Activist Project Awards

Brighton University, UK

Independent Social Research Foundation

INET and CIGI 2012 Grants

University of Westminster, UK

Heterodox Websites

Conference of Socialist Economists

SNAC: The Social Networks and Archival Context Project

Heterodox Economics in the Media

Dr. Stephanie Kelton: Modern Money Theory Explained

Insight into the 9/11 Debate: “Economists are Scared”

Who's Afraid of Kirchner's Oil Nationalization?

Ph.D Dissertations in Heterodox Economics

Pricing, Price Stability, and Post Keynesian Price Theory


Online Survey on Open Access Journals

For Your Information

The inaugural Mark Blaug Prize in Philosophy and Economics Winner

Karl Marx's End of Year Departmental Assessment

Maria da Conceição Tavares Receives Highest Award for Scientific Achievement

97 Percent Owned -- Documentary

Call for Papers

1st Interdisciplinary Symposium on Sustainable Development: Which transition for our societies?

31st January and 1st February 2013 | Namur, Belgium

Context: Our societies are currently in the grip of a systemic crisis that is at the same time environmental, economic, and social. In this context, the present symposium aims to:

  1. Encourage innovative scientific perspective

  2. Promote an interdisciplinary approach

  3. Enhance the recognition of scientists working on sustainable development.

Symposium themes: The overarching theme of the symposium is to analyze how the concept of transition ties in with the notion of sustainable development. Accordingly, contributors will be asked to address at least one of the following questions in their manuscript: What are the issues that justify a transition? Which kind of transition and how to put it in place? Is it scientifically, economically, and socially achievable? What are the barriers? What positive experiences are there? More specifically, contributions must tie in with one of the six areas proposed for the parallel sessions:  

  1. Global commons : Energy, climate, biodiversity (particularly stock-based vs flow-based economy; energy thresholds and peaks in resources; implications for production patterns and our lifestyles …)

  2. Food, agriculture and animal farming: (human and environmental health; organic food; fossil fuel free farming ; interdependence between living organisms; promotion of producer-to-consumer schemes; access to land; urban agriculture, …)

  3. Housing and land-use planning: (transport, renovation of existing buildings, transition towns, housing location regarding access to services, gentle mobility, intermodality..)

  4. Transition models: Sustainable development (SD), prosperity without growth, green capitalism or degrowth ? (drawbacks and shortcomings, and critiques of each of these concepts; role of indicators, currency and finance; SD and social justice; ethics).

  5. The role of public authorities in the transition: What forms of governance? How to induce behavioural changes? Which policies for supporting technologies? Law and public policy developments (legislative assessment, impact assessment, principles for integration, advisory councils; embedding SD into national constitutions and international treaties; SD and fundamental rights).

  6. Transition and non-governmental actors: Role of the various stakeholders: citizens, consumers, workers, large institutions, social movements; scientific research, education, culture, media; participatory democracy and modes of collective intelligence.

Important dates and information:

  1. Abstract submission deadline: 1st June 2012

  2. Notification of acceptance: 2nd July 2012

  3. Full paper submission deadline: 1st October 2012

Abstracts and full papers can be written either in English or in French. Presentations are also possible in both languages.

The 1st Interdisciplinary Symposium on Sustainable Development is organised with the support of the Walloon Minister of Sustainable Development and Research. This symposium is co-chaired by the Professors Jean-Pascal van Ypersele (Université catholique de Louvain) and Marek Hudon (Université libre de Bruxelles). This is an international scientific symposium which also seeks to encourage the participation and the involvement of both decision-makers and civil society.

For any further information, please look at the symposium website or write toinfo@congrestransitiondurable.org

2nd COST Annual Conference

11-13 October, 2012 | Kassel University, Germany

Democracy and Financial Capital

Many intellectuals, Jurgen Habermas among them, argue that the management of the financial crisis undermines democracy. The COST-Network 'Systemic Risks, Financial Crises and Credit' invites papers that critically examine this claim. Do financialization and the management of the financial crisis circumscribe democratic institutions and processes? If yes, what are the mechanisms that restrict democracy? Potential themes include:

-  The sources of power of financial actors

-  The role of knowledge networks in crisis management

-  Conflicting crisis narratives

-  Restructuring the State to accommodate financial capital

-  New hierarchies among nations

-  Diffusion of policy concepts and policy learning processes

-  Resistance and civil society

Deadline for Submission of Abstracts: 15th June 2012

Successful candidates will be notified by: 30th June 2012

Deadline for papers:1st Oct 2012

Please send your abstracts to: COST2012@icdd.uni-kassel.de


4th Cambridge International Regulation and Governance Conference

September 6, 2012 | Cambridge University, UK | website

More Regulation or Better Stewardship? Optimising the Means and Ends of Good Governance

Jointly organised by the University of Cambridge and Anglia Ruskin University


You are invited to submit your abstract for a paper to be presented at the 4th Cambridge International Regulation and Governance Conference: “More Regulation or Better Stewardship? Optimising the Means and Ends of Good Governance,” to be held at Queens College, University of Cambridge, 06 September 2012, plus optional pre-conference dinner session on the evening of 05 September 2012.


In our fourth regulation and governance conference jointly organised by the University of Cambridge and Anglia Ruskin University: we want to consider regulatory responses to the current financial crises. Recent reviews of UK and European corporate governance (Walker, Kay, Vickers, EC etc.) suggest poor governance is partly to blame. Some reforms have been instigated already, but to what effect? Are we resorting to quick fixes? How should the interests of consumers, private and public sector bodies, government and regulators be balanced and, in the long run, are good stewardship and innovation promoted by more regulation or hindered by it?


Guest speaker: Sir Adrian Cadbury is a preeminent figure in Corporate Governance.  He chaired the UK Committee on Financial Aspects of Corporate Governance (1992).  His report led to the ‘Cadbury Code’, the forerunner of the current UK Code on Corporate Governance.


Key speakers include Peter Montagnon (Senior Investment Adviser, Financial Reporting Council), Graham Russell (Chief Executive, BRDO, UK Govt. Dept. of Business Innovation & Skills), Stephen Bourne (President, Cambridge University Press),Brian Cheffins (Professor of Corporate Law, University of Cambridge) & David Seidl  (Professor of Organisation & Management, University of Zurich).


Our aim, as always, is to foster discussion and exchange ideas between governance and regulation practitioners, policymakers and academics (including PhD students). To this end we invite you to join us either as a delegate or to present your own theoretical, policy or research paper at one of the day’s sessions. Please email your abstract of up to 500 words for either a poster or paper toreg.gov@anglia.ac.uk

by 01 July 2012. For more details please see the attached flyer or visit our website.

V Jornadas de Economía Crítica: La crisis global como crisis del pensamiento económico

23, 24 y 25 de agosto de 2012 | Ciudad Autónoma de Buenos Aires, Argentina | website


Llamado a Presentación de Ponencias

La actual crisis internacional, que también afecta al plano nacional y latinoamericano, nos obliga a reflexionar. A nuestro alrededor se evidencian innumerables conflictos en el sistema económico mundial, con múltiples manifestaciones y los pretendidos expertos no logran explicar sus causas y sólo proponen viejas recetas.

En tanto, ¿la Economía Política como Ciencia puede desprenderse de las cadenas que el orden imperante le ha arrojado encima, de los prejuicios de la doctrina degradada que se nos enseñan en las Universidades, de las trabas que enfrentan los movimientos sociales para, a la vez, reproducirse como trabajadoras/es y desarrollar una conciencia liberadora? En este contexto, ¿qué debe aportar la Economía Política? ¿Es ella capaz de colaborar de algún modo con la urgencia de las/os trabajadoras/es del mundo por resistir y avanzar en el reconocimiento de sus derechos? ¿Con qué actores y con qué otras Ciencias debe relacionarse la Economía Política, para avanzar conceptualmente hacia una teoría que nos permita comprender y transformar nuestra realidad?

Las V Jornadas de Economía Crítica (JEC) se proponen consolidar el espacio de discusión abierto hace ya 6 años, para que estudiantes, graduadas/os, docentes, investigadoras/es y profesionales en Ciencias Económicas y Sociales puedan reflexionar, debatir e interpretar su realidad. Nuestra intención aborda todo el espectro del pensamiento y accionar sociales, políticos y económicos críticos, combinando los aportes teóricos de cada disciplina con la dinámica propia de las organizaciones sociales.

Las JEC han tenido un importante e ininterrumpido crecimiento desde su primera edición en 2007 en La Plata; pasando por la organización en 2008 del IV Coloquio Internacional de la SEPLA; las II JEC en 2009 en Bahía Blanca; en 2010, las III JEC en Rosario; y recientemente las IV JEC en Córdoba en 2011. A todo esto se suman el Primer y Segundo Encuentro Nacional de Discusión de Planes de Estudios, realizados en Mar del Plata en 2010 y en Quilmes en 2011. Sin embargo, el mayor éxito de este espacio de análisis, discusión y formación pluralista y abierto reside en la riqueza de sus intercambios, en la contundencia de sus críticas y aportes a las Ciencias Sociales y en el entusiasmo que han ayudado a construir los centenares de participantes en reuniones y debates realizados en estos años; sumado al número cada vez mayor de personas que se comprometen voluntariamente en su organización y difusión.

En efecto, las JEC se proponen continuar abriendo nuevos horizontes y caminos para la Economía Política, en un ámbito donde la ortodoxia dominante (en la academia y en las instituciones educativas) pretende atiborrarnos de ahistoricidad, de pensamiento único y monolítico, de herramientas que poco sirven para explicar la realidad y actuar sobre ella. Hoy nos encontramos caminando hacia una verdadera red de economistas críticos, que colabore en trascender (en el tiempo y en el espacio) las limitaciones que enfrenta en nuestro país y continente el desarrollo de la Economía Política como Ciencia.

Las V JEC tendrán lugar en la Facultad de Ciencias Económicas de la Universidad de Buenos Aires (Av. Córdoba 2122). Los días jueves 23, viernes 24 y sábado 25 de agosto de 2012, de 9:00 a 20:00 hs. aproximadamente, se abrirán para el debate varias instancias, entre las cuales se incluyen mesas de trabajo para la presentación de ponencias, paneles de debate, talleres de formación y actividades especiales, tal como en las Jornadas pasadas.

Como siempre, invitamos especialmente a jóvenes estudiantes o graduados recientes -cuyos aportes suelen ser menospreciados por la ortodoxia-, a enviar sus ideas, trabajos y/o tesinas de grado o postgrado y (desde ya) a participar de todos los ámbitos de debate.

Las JEC son gratuitas y abiertas a toda persona que de ellas quiera participar. Se entregarán certificados de asistencia y exposición. Las regionales organizadoras se encargarán de ofrecer medios de transporte al costo desde las distintas ciudades del país. Más adelante comunicaremos también alternativas de alojamiento en la Ciudad Autónoma de Buenos Aires.

Toda la información disponible será publicada en: jornadaseconomiacritica.blogspot.com .

Por cualquier consulta o sugerencia, escribir a: jornadaseconomiacritica@gmail.com.

Las V Jornadas de Economía Crítica son organizadas por la Escuela de Economía Política de la UNLP (EsEP-UNLP), Escuela de Economía Política de la UBA (EsEP-UBA), Regional Rosario de las JEC (UNR), Espacio de Economía Crítica de Uruguay (UdelaR), Regional Córdoba de las JEC (UNC), la Escuela de Pensamiento Crítico de la UNQ (EPeC-UNQ), Grupo de Economía Crítica de la UNLa (GEC-UNLa), Regional Mendoza de las JEC (UNCuyo), Regional Santa Fé de las JEC (UNL) y el Grupo Scalabrini Ortiz (UNMdP).


For the full CFP, visit the website

11th International Post Keynesian Conference

September 27-29, 2012 | Kansas City, MO, USA | Conference website

Reclaiming the Keynesian Revolution

Featuring plenary sessions on current Ford Foundation projects

Second Call for Papers

The University of Missouri-Kansas City, in association with the Levy Economics Institute, the Ford Foundation, the Journal of Post Keynesian Economics, M.E. Sharpe, and New Economic Perspectives, announces a call for papers for the 11th International Post Keynesian Conference:


The initial response of economists, policymakers, and central bankers to the Global Financial Crisis and subsequent Great Recession was a reversion Neo-classical synthesis Keynesianism theory and policy prescriptions. However, the real effects of the Global Financial Crisis persist in continued high unemployment levels and underutilization of productive capacity, ongoing financial turmoil, and widening income disparity. The perceived failure of the crisis response has lent its support to the widespread implantation of austerity programs in a return to pre-Keynesian economic theory and policy. In light of this, it is clear that a return to theory and policy in the tradition of Keynes’ unfinished revolution is necessary. Unfortunately, economists and policymakers propounding the need for a truly Post-Keynesian economics do not agree on a great deal as to what form the completion of Keynes’ unfinished revolution should take. This conference will address how Post Keynesian and Heterodox economists can reclaim the spirit of the Keynesian revolution by promoting economic theory and policy more suitable for needs of a modern and evolving capitalism.


The 11th International Post Keynesian Conference will address all the traditional areas of theoretical, applied, and policy research covered by Post Keynesian and other Heterodox approaches to economics. We especially encourage paper or panel proposals in the following areas:

  1. The causes and consequences of and cures for the ongoing financial crisis.

  2. Central bank responses to the crisis relating to issues of democratic accountability, QE and inflation, and regulatory reform.

  3. Issues of inflation, stimulus, debt, and sustainability regarding fiscal policy responses to the crisis.

  4. Real estate prices and mortgage problems.

  5. New directions in economics in light of the Global Financial Crisis.

  6. Impacts of the Global Financial Crisis on the BRICs and the developing world.

  7. Modern Money Theory, Functional Finance, and the problems of Euroland.

  8. Surplus approach, linear production models and Post Keynesian Economics.

  9. Keynes, Post Keynesians and employment at the level of the business enterprise and industry.

  10. The Post Keynesian approach to the determination of the wage rate.

  11. Industry, unemployment, and structural change as elements of the theory of effective demand.

  12. Critical realism as a methodological foundation of the Keynesian revolution.

  13. The role of prices and price theory in the Keynesian revolution.

  14. The role of the profit markup in investment and effective demand.

  15. The relation between Post Keynesian, Marxian, Institutionalist, and Sraffian economics.

  16. What can analysis in the tradition of Veblen tell us about the role of institutions in recent financial crises, the continued financialization of the global economy, and increasing income inequality?

  17. Problems of aggregation in Post Keynesian modeling—or why traditional model aggregation cannot be consistent with Post Keynesian economics.

  18. Can the Keynesian revolution include class struggle, workplace control, and other aspects of working conditions at the job floor?

  19. Is social economics excluded from the Keynesian revolution?

  20. Does the business enterprise have any substantial role in the Keynesian revolution?

We encourage both individual and panel proposals. The paper and panel proposal deadline is June 15, 2012. Please send an abstract of no more than 150 words to Andy Felkerson at jfwc2@mail.umkc.edu. Selections will be made in early July. Registration opens June 1. For more details please visit the conference website at www.internationalpostkeynesianconference.org.

Downlod the registration form.

APORDE: African Programme on Rethinking Development Economics 2012

7th-21st of September 2012 | Johannesburg, South Africa

Supported by the Department of Trade and Industry of South Africa (the dti), the French Development Agency (AFD), the Industrial Development Corporation (IDC)

We are pleased to announce that the sixth edition of the African Programme on Rethinking Development Economics (APORDE) will be held in Johannesburg (South Africa) from 7th to the 21st of September 2012. APORDE is a high-level training programme in development economics which aims to build capacity in economics and economic policy-making. The course will run for two weeks and consist of lectures and seminars taught by leading international and African economists. This call is directed at talented African, Asian and Latin American economists, policy makers and civil society activists who, if selected, will be fully funded.We encourage anyone with an interest in development to read and distribute this call for applications.

Download the full Call for Applications.

Association for Institutional Thought 2013 Conference

April 10-13, 2013 | Denver, CO | website

Advancing our Heterodox Tradition: Promoting Evolutionary and Institutional Thinking

The 34th annual meeting of the Association for Institutional Thought (AFIT) is scheduled to be held from April 10th through the 13th, 2013, at the Grand Hyatt Denver, 1750 Welton Street, in downtown Denver, Colorado, USA.  AFIT's 34th annual meeting is held in conjunction with the 55th Annual Conference of the Western Social Science Association (WSSA).

Please consider submitting a paper topic, or even organizing a whole panel of approximately four papers that includes a moderator and discussants.

Our overarching theme for the Denver 2013 Conference:  "Advancing our Heterodox Tradition: Promoting Evolutionary and Institutional Thinking"

Evolutionary and institutional thinking can be rooted in seminal advances of Thorstein Veblen, especially his efforts to recast economics.  Veblen's project sought to extend efforts of Charles Darwin in the natural sciences: to offer a better understanding of our own human prospects through expanding the social sciences to consider evolutionary and institutional thinking.  Carrying on Veblen's project, contributive thinkers such as John R. Commons, Wesley Mitchell, Clarence Ayres, as well as more recent thinkers, such as John Fagg Foster, Marc Tool, Anne Mayhew, Paul Dale Bush, and William Dugger -- offer us inspiration as we seek to further advance and enrich our long-standing, heterodox tradition.

Allan Gruchy dubs our heterodox tradition as an "open system" of thought, allowing us to entertain researchers motivated to explore a wide range of interests in specific topics. Advancing evolutionary and institutional thinking tends to be inclusive.  The conference organizer seeks paper proposals, and even whole sessions that consider theoretical topics that engage both institutional as well as other approaches in economics. This could include exploring topics in History of Economic Thought, especially from a heterodox perspective, that, for example, considers ideas of Thorstein Veblen and other major contributors to our thought tradition.  A broad set of topics could also include: advancing heterodox microeconomics; promoting the importance of "meso;" combining institutional with post Keynesian inquiry.  Comparative Economic Systems, Economic Development, and Globalization Studies could be relied upon for practical inquires into countries and some of their challenges, especially related to the ongoing crisis.   In addition, proposals dealing with philosophy and also biography, as well a topics not considered herein, certainly interest this conference organizer.  AFIT likewise takes a special interest panels that consider pluralism and economic education.

Proposals for completed sessions are encouraged - see the submission format below.  If proposing a completed session, please arrange discussants of papers and a moderator for the session.

AFIT encourages proposals from graduate students, and it is anticipated that at least one and possibly more panels of graduate student papers will be included in the program. In addition AFIT sponsors prizes and awards for outstanding student papers.  A formal announcement of this year's competition can be found at the AFIT website.

Proposed Format for a "Paper"

Title of Paper; Name of Author; Affiliation; Telephone Number;  E-mail Address.    Other Authors.

Abstract of approximately 200 words, and  cast in "New Times Roman" 12.

Proposed Format for a "Panel"

Title of the Session

Title of each Paper (appx. 4)

Moderator with Affiliation; Mailing Address; Telephone Number, E-mail Address.

Discussant  (s) with Affiliation, Mailing Address; Telephone Number; E-mail Address.

Presenters with Affiliations; Mailing Addresses; Telephone Number; E-mail Address.

Abstract for each paper approximately 200 words,  "New Times Roman" 12.

Those interested in attending this AFIT Conference or in finding out more about our organization should visit the AFIT website noted above.

Conference registration information can be found at the WSSA website: http://wssa.asu.edu

WSSA offers opportunities for registering in advance.

Current membership in AFIT is required for presenting a paper at this Denver conference - no exceptions.  A current membership in WSSA is required for participation in the AFIT program. AFIT's annual membership dues are $25.00, and $15.00 for full-time students.  Queries regarding membership can be addressed to Mary Wrenn,  AFIT's Secretary-Treasurer.  MW561@cam.ac.uk

For consideration, proposals need to be sent to the conference organizer by December 1, 2012. Ideally, send proposals by e-mail, and to AFIT-Denver-Program@gmail.com

Association for Institutional Thought 8th Annual Student Scholars Award Competition


The Association for Institutional Thought (AFIT) proudly announces the Eighth Annual AFIT Student Scholars Award Competition. The aim of AFIT is to encourage undergraduate and graduate students in Economics and Political Economy to pursue research in topics within the Institutional Economics framework.


Awards will be made to the three best papers. Winners are expected to present their research during a special session at the Annual Meetings of AFIT, held during the Western Social Science Association’s Annual Conference at the Grand Hyatt, Denver, April 10-13, 2013.


Winners will each receive:

  1. $300 prize

  2. One year student membership in AFIT

  3. Paid WSSA Conference Registration

  4. Paid admission to the AFIT Presidential Address Dinner


Winning papers must be presented at the special AFIT session in order to be eligible for the prize. Prizes will be presented during the AFIT Presidential Address Dinner.

Application Procedures and Deadlines

Papers must be between 15-25 pages in length, including references and appendices. An entry must include author, educational affiliation, and email address.  They should be submitted electronically (preferably as a pdf) by December 1, 2012 to:

Daniel Underwood

Professor of Economics & Environmental Science

Peninsula College

E-mail:  DUnderwood@pencol.edu

Winners will be notified by 1/30/13.

Papers of last year’s winners are found here.


For more information about AFIT visit our website.


Brazilian Keynesian Association 5th International Conference

August 22-24, 2012 | Sao Paulo, Brazil

The Brazilian Keynesian Association (AKB) is organizing its 5th International Conference which will be held in the 22-24 August 2012, in Sao Paulo, Brazil, at the Getulio Vargas Foundation, School of Economics.


The Conference will have two special sessions: ‘The Emerging Global Financial Fragility’ and ‘Alternatives of Macroeconomic Regimes in Brazil: in honour to Prof Bresser-Pereira’, and the participation of Luiz C. Bresser-Pereira, Jan Kregel, and Randall Wray, among other ones, as special guests.  There will be a mini-course on ‘Macroeconomics during and after the crisis”, with Giuseppe Fontana and Eckhard Hein. We would like to invite you to submit papers to our Conference. The submissions shall be broadly related to the following topics:

  1. International Economics and Finance.

  2. Financial System and Financing of the Economy.

  3. Macroeconomics and Economic Policies.

  4. Macroeconomic Regime Alternatives.

  5. Economic Growth and Income Distribution.

  6. Industrial Organization and the Behaviour of the Mega-Corporations.


The deadline for submission of the paper is 25 June 2012. For more information see the flyer or send an email to associacao.keynesiana@gmail.com

Conference on the Practical Wisdom for Management and Economics in the Buddhist Tradition

November 15-16, 2012 in Bangkok, Thailand | website


Topics include

  1. Buddhist Economics, including the manifold traditions and denominations of Buddhism in the world

  2. Buddhist Approach to Business, Management Practice and Management Education

  3. Buddhist Approach to Human Resource Management and Development

  4. Buddhist Ethics in Business, Management and Economics

  5. Relationship between spiritual orientations and business outcomes

  6. Spiritual embedding of organizational ethics and interpersonal virtues

  7. Buddhist Good Governance, Corporate Citizenship and Corporate Social Responsibility

  8. Buddhist Practical Wisdom in Community Management

  9. Buddhist Practical Wisdom in Natural Resource and Environment Management

  10. Buddhist contribution to sufficiency economy and sustainable development

  11. Leadership and Fellowship in Buddhist Wisdom and Traditions

  12. Practical Wisdom in Buddhist Tripitaka

  13. Practical Wisdom in Contemporary Buddhist Thought (including all the different traditions)

  14. Buddhist Practical Wisdom in Peace Development and Management

  15. Buddhist Practical Wisdom in Managing Global Crisis


We invite interested scholars and practitioners to submit a one page proposal outlining their proposed topic and the nature of their contribution. The deadline is 10 June 2012. Please submit your proposals by email to Cristian Loza Adaui, Editorial Assistant (email: cristian.loza@eabis.org). Proposals will be reviewed and the authors informed of acceptance by 30 June 2012. The conference will be hosted by the Business School of Thammasat University, Bangkok, Thailand

Never Waste a Crisis. Strategies of Representing and Managing Crisis after the Crash

1-2 November, 2012 | Midland Hotel, Morecambe

Deadline for paper proposals: 17 June, 2012, to be sent to a.kutter@lancaster.ac.uk 

Workshop organised by CPERC, Sociology Department, Lancaster University, within the frames of Bob Jessop's ESRC professorial fellowship and the project "Great Transformations. A Cultural Political Economy of Crisis Management"

The North Atlantic Financial Crisis that surfaced in 2007/08 and subsequent efforts at crisis management have produced unstable constellations. Whereas the financial sector has been rescued with large injections of capital but minor structural adjustments, the symptoms in many economies of “epic recession” and fiscal crisis remain. Among political and economic elites, such finance-centred crisis management remains largely unchallenged. At the same time, the economic and social costs of the austerity packages and of a finance-dominated economy more generally have spurred contestation from various quarters. The workshop on “Strategies of Representing and Managing Crisis after the Crash” seeks to explore the politics (broadly interpreted) of this constellation. Papers in the workshop will review different agents’ strategies of tackling the North Atlantic Financial Crisis through discursive construction, contestation, and policy-making. We encourage the submission of papers that highlight the discursive and semiotic of economic and political processes or that situate the analysis of crisis discourse in broader questions of political economy.

Speakers include so far: Colin Hay (tbc), David Howarth, Brigitte Young

For more details and updates see here and here.

Promises for a More Responsible Capitalism

Roundtable and Panel Proposal for the CRESC annual Conference—Promises: Crisis and Socio-Cultural Change at the University of Manchester (September 5-7, 2012)


Roundtable Participants:

  1. Richard Murphy (Tax Justice Network), Nick Hildyard (Cornerhouse), Damon Gibbon (Centre for Economic and Social Inclusion), Sargon Nissan (Independent Financial Analyst), Janet Williamson (Trade Union Congress)


When the financial crisis began in 2007 governments moved decisively to prop up a collapsing financial system with the promise of reform in the future. Now the financial services industry is back to business-as-usual as the impetus for fundamental reform now seems lost to calls for national competitiveness and claims to necessity in order to prevent deeper economic slowdown. This panel explores the (failed) promises for a more responsible capitalism, in the midst of rolling crises and failed recovery. Our aims to bring together, and to bring into dialogue, papers that address: policy proscriptions, political reform, social movements and/or other forward looking perspectives.


  1. What does a more responsible capitalism look like? How can these goals be achieved by social movements, political reform, new market regulation and/or institutional redesign?

  2. When capitalism and political elite are more than able to out think its critics, how does the need for substantive reform capture popular imagination?

  3. How might ‘the economy’ be made more accountable and how is the idea of social responsibility to be thought into market practices and policies at national and international levels?

  4. How might a reformed capitalism deal with social needs, from access to a living wage to dealing with impact of climate change?


If you would like to participate please email me directly at j.montgomerie@manchester.ac.uk and prepare a title and 200 word abstract by Wednesday May 30th, 2012


For more information about the conference including the programme, registration and location details, please follow the link.

This year’s keynote speakers include:

  1. Barbara Adam (Social Sciences, Cardiff University)

  2. Robert Boyer (ENS, Paris)

  3. Aditya Chakrabortty (The Guardian)

  4. Will Hutton (Hertford College, Oxford University)

  5. Paul Mason (BBC Newsnight)

  6. Elizabeth A. Povinelli (Anthropology, Columbia University)


In consideration of the on-going cuts in public spending the cost of this year’s full conference registration (including lunch and refreshments) has been reduced to £175 for those booking before the 31st July.

Winter Session 2012 of German Association for Political Economy (Arbeitskreis Politische Ökonomie)

Linz (Austria), November, 29 – December, 1, 2012

The Political Economy of Offshore Jurisdictions (Die Politische Ökonomie von Steuer‐ und Regulierungsoasen)

In cooperation with Institute of Comprehensive Analysis of Economy (Institut für die Gesamtanalyse der Wirtschaft)


Understanding actual capitalism needs an understanding of the domain of offshore economy, esp. of tax havens and regulation‐free zones for financial flows and assets. They are based at offshore jurisdictions which provide the mandatory secrecy. An extensive part of the global economy is kept in dark.


The conference should lighten aspects of the function of offshore jurisdictions and their impact on global economy, e.g.:

  1. Business models and instruments of offshore activities

  2. The significance of the offshore economy for actual crises

  3. The role of economic theories and economists in justifying offshore economy

  4. The role and structure of user groups and intermediaries and their strategies and tactics

  5. The history of offshore states

  6. Political systems of offshore states

  7. Actual regulation discourses with respect to the offshore economy

  8. Consequences of offshore economy for non‐financial companies and different citizen of offshore jurisdictions


The aim of this conference is to bring together researchers from different fields (such as economists, sociologists, historians and political scientists) to explore neglected aspects of global offshore economy.

The conference will be held in German and English.



Please submit an abstract of at least one page in German or English language as soon as possible, until September 1, 2012 at the latest, towalter.oetsch@jku.at or/and groezing@uni‐flensburg.de


Any submissions will be actively considered by the organising committee which comprises:

  1. Gerd Groezinger (University of Flensburg)

  2. Walter Otto Oetsch (ICAE)

  3. Michaela Schmidt (Chamber of Labour Upper Austria)

  4. Silke Oetsch (ATTAC Germany and Department of Sociology, University of Innsbruck)


Workshop: Heterodox Economics and Perspectives on Poverty

16 November 2012 | City University London, UK

According to data from EU-SILC the average at-risk-of-poverty rate in the European Union amounted to 16.4% in 2010. The significance of the phenomenon of poverty in industrialised countries stands in marked contrast to the volume of economic research done in this area. The existence of poverty in the midst of the abundance of modern capitalist economies is an uncomfortable and seemingly under-researched fact. Much effort is made in other disciplines, trying to understand the poor or the lives of the poor, yet analyses of the economic causes of poverty remain rather sketchy and scattered. The workshop aims at fostering discussion in the field through bringing together different heterodox economic perspectives on poverty. The focus will be laid on the following three questions:

  1. What can heterodox economic approaches contribute to the explanation of poverty?

  2. What has already been done to this aim?

  3. What can heterodox economists learn from poverty research in other disciplines?

In addition to these more research-oriented questions, another important issue to discuss will be the practical consequences of heterodox approaches:

  1. What (social) policy conclusions can be drawn from heterodox economic explanations of poverty?

  2. Do existing economic and social policies in the EU address the right problem fields in order to sustainably reduce poverty?

We invite contributions covering any of the above or related questions. Abstracts should be submitted to Barbara Schaller (bxb971@bham.ac.uk) before July 31, 2012.

Call for Participants

Brecht Forum: Thinking About What Replaces Capitalism

June 14th, 2012. 7:30 PM

Thinking About What Replaces Capitalism: The State of Play in the “Designing Socialism”  Discussion

David Laibman: “Central planning is a failure.” “Market socialism is an oxymoron.” Is anything left?

Believe it or not, the possibilities are just starting to emerge. The insufficient socialisms of the past (and present) have left us rich legacies. New information technologies, grass roots activism, incentive design theories and general assemblies ‒‒ all have a place. We need to polish our vision of a possible future society and make it precise, even when we don’t yet have the forces to begin to implement it. It will help us to get there. We need to ask: “OCCUPY ‒‒ with what?”

David Laibman is Editor of Science & Society, the world's longest continuously published journal of Marxist scholarship.  He is Professor of Economics (Emeritus) at Brooklyn College and the Graduate School, City University of New York.  His recent books include: Deep History: A Study in Social Evolution and Human Potential (2007); and Political Economy After Economics: Scientific Method and Radical Imagination (2012).

Sliding scale: $6/$10/$15

Free for Brecht Forum Subscribers

451 West Street (between Bank & Bethune Streets, New York, NY 10014 Phone: (212) 242-4201 - Email: brechtforum at brechtforum.org

EPN Cours de T. Stanley et M. Lavoie

Le CEPN profite de la présence prochaine de Tom Stanley (Hendrix college, USA & London School of Economics) et de Marc Lavoie (U. d'Ottawa, Canada) comme professeurs invités à Paris 13 pour bénéficier de leur expertise et de leurs savoirs.

Ainsi, chacun d'entre eux donnera un cours destiné aux doctorants et aux enseignants-chercheurs.

  1. Le cours de Tom Stanley, "une introduction à la méta-analyse", aura lieu le mardi 29 mai, de 10h00 à 16h30, en K107.

  2. Le cours de Marc Lavoie, "une introduction à la modélisation stock-flux cohérente", aura lieu le mercredi 27 juin, de 10h00 à 16h30, en E108.

Ces deux cours auront lieu sur le campus de Villetaneuse et seront accessibles librement à tous ceux qui souhaiteraient y participer. Aucun pré-requis n'est nécessaire. Nous espérons vous y voir nombreux.

FMM Introductory Workshop on Heterodox economics

Thursday, 25 October 2012, 9.00 am – 5.30 pm

The workshop will take place on the first day of the annual conference of the network on ‘The State of Economics after the Crisis’, 25 – 27 October 2012, Berlin.

There are no fees but registration is required. Registration forms will be available online in early July (www.network-macroeconomics.org).


9.00 – 9.30 Till van Treeck, Macroeconomic Policy Institute (IMK), Duesseldorf: Welcoming and information on the network and its summer school

9.30 – 11.00 Marc Lavoie, University of Ottawa: What is post-Keynesian Economics? An introduction to the method and history of PKE

11.00 – 11.30 Coffee break

11.30 - 13.00 Sebastian Dullien, HTW Berlin: DSGE modeling from a traditional Keynesian and a post-Keynesian perspective: A worthwhile foundation for research or just a waste of time?

13.00 – 14.00 Lunch

14.00 – 15.30 Engelbert Stockhammer, Kingston University, London: A post-Keynesian model of demand, distribution, inflation and employment

15.30 – 16.00 Coffee break

16.00 - 17.30 Tom Stanley, Hendrix College: Theory competition and meta-regression analysis

Participants are also invited to submit a paper for the graduate student sessions of the FMM conference. The call for papers can be downloaded here. The deadline for paper submis-sions is 4 June 2012.

Historical Materialism Australasia Conference 2012

Expands to Two Days (20-21 July, Sydney)

Due to the high number of quality abstracts we have received, we have decided to extend the HM Australasia conference to 2 days. It will remain at the same venue (Mechanics' School of Arts, 280 Pitt Street, Sydney) but will now run over Friday the 20th and Saturday the 21st of July. Ticketing information to be announced soon.

See here for details.

Living in Squeezed Britain: Attitudes to Wealth and Economic Inequality in the New Age of Austerity

13-15 June 2012 | Cumberland Lodge, The Great Park, Windsor | website

Even in the most optimistic economic projections, the UK will remain squeezed for at least ten years. At the same time, the large growth in income inequalities experienced since the 1970s has not been reversed. Attitudes to wealth and income inequalities are cast in a new light in this era of austerity. Consumer behaviours and attitudes to money which were fostered by the boom of the Eighties and Nineties are obsolete – and, worse, they will create growing resentment if unchecked. If, as seems increasingly likely, there is no magic bullet to solve the current economic crisis, then we must focus on how to cope with life in squeezed and unequal Britain. Our current social attitudes to wealth, disposable income, savings, owning property, the state, pensions, and even what we expect to inherit from our parents is going to have to change. If these changes happen unthinkingly, social tensions will rise. This is not just about the richest 1% – it is about how children will grow up resenting the fact that they cannot hope to have a life as ‘good’ as their parents. If we don’t change our ideas about the connection between wealth, income and happiness, then riots and social unrest will continue. But ideas about wealth, earnings, consumption and happiness have undergone this kind of seismic shift before: the conspicuous consumption of the 1920s gave way to a culture of disgust with decadence in the 1930s. We can learn to live in Squeezed Britain - indeed, we have to - and this conference offers the opportunity to find out how.

Speakers include:

  1. John Bird, Co-founder, The Big Issue

  2. Professor Gordon Brown, Warwick University

  3. Elizabeth Clery, Co-director, British Social Attitudes Survey

  4. Naomi Eisenstadt, Department of Education, University of Oxford

  5. Sir John Gieve, Chairman of VocaLink

  6. Professor John Hills, LSE

  7. Professor John Holmwood, University of Nottingham

  8. Paul Johnson, Director, IFS

  9. Dr Omar Khan, Head of Policy, Runnymede Trust

  10. Professor Peter Taylor-Gooby, University of Kent

  11. Karl Wilding, Head of Policy, Research and Foresight, NCVO


Conference rates are inclusive of registration, accommodation in historic surroundings, and exceptional food: Standard Rate £190; Student Rate (shared accommodation) £85; Non-residential rate: £90

Register online here.

For more information please visit here.

LSE History of Economics Workshop

June 11th 2012 |  London School of Economics (Room CON 2.02, 2nd Floor, Connaught House).


Session I: 11.00am-12.40pm

  1. Margaret Schabas (University of British Columbia)

  2. “Capital as Reproduction in Classical Political Economy”

  3. Huei-chun Su (London School of Economics)

  4. “Beyond the Positive/Normative Dichotomy of Economics”


Session II: 2.00-3.40pm

  1. Gerardo Serra (London School of Economics)

  2. “From Scattered Data to Ideological Education: Economics, Statistics and State Building in Gold Coast/Ghana, 1928-1966”

  3. Alden Young (Princeton University)

  4. “The Economics of State-Building in Sudan, 1951 until 1964”


Session III: 4-5.40pm

  1. Tobias Vogelgsang (London School of Economics)

  2. “Fabricating Excuses or Trying to Make Sense? - Keynes and the Economic Media of the Paris Peace Conference”

  3. Paul Erickson (Wesleyan University and Max Planck Institute for History of Science)

  4. “The New Postwar Science of Decision-Making”

For further information, email Mary Morgan: m.morgan@lse.ac.uk,.

Minsky Conference in China: Global Financial Fragility and the Development of Capitalist Finance

June 9--10, 2012 | Tianjin, China

In June, the Institute will partner with Nankai University's Institute of Economics and Center for Studies of Political Economy to sponsor a conference, "Minsky: Global Financial Fragility and the Development of Capitalist Finance," at the university's Tianjin campus. The objective of the conference is to increase the understanding of financial crisis from the standpoints of Minskyan and Post Keynesian theory, and to assess the impact of the recent financial crisis in the United States and Europe on China and the global economy. For more information, visit www.levyinstitute.org.

Minsky Summer Seminar

June 16--24, 2012 | Blithewood, Annandale-on-Hudson, N.Y.

The Levy Institute will hold its third annual Minsky Summer Seminar in June. The Summer Seminar provides a rigorous discussion of both the theoretical and applied aspects of Minsky's economics, with an examination of meaningful prescriptive policies relevant to the current economic and financial crisis. It is of particular interest to graduate students, recent graduates, and those at the beginning of their academic or professional career. More information is available at www.levyinstitute.org.

Northern IPE Network Workshop

June 1st 2012 | University of York, UK

PANEL 1: 10.30-12.00

  1. Tony Heron (York) The other side of the mirror: Interrogating EU trade and development policy after the crash.

  2. Paul Beeckmans (MMU) The evolution of the Lisbon agenda.

LUNCH 12.00-1.00

PANEL 2: 1.00-2.30

  1. Greig Charnock (Manchester) City of Rents: Value Theory and the Critique of the Barcelona Model of Urban Competitiveness.

  2. Peg Murray-Evans (Sheffield) The EU's Economic Partnership Agreements and Regional (Dis-)Integration: A Constructivist Institutionalist Approach.

TEA/COFFEE 2.30-3.00

PANEL 3: 3.00-4.30

  1. Karen Buckley (Manchester) Global civil society and transversal hegemony

  2. Japhy Wilson (Manchester) The trauma of shock therapy: neoliberalism as obessional neurosis.

 If you're interested in coming along ,please drop me (Stuart Shields) an email: stuart.shields@manchester.ac.uk

PKSG Keynes Seminar

5.30 - 7.00 pm in the Garden Room at Robinson College, Cambridge | website

22 May:

  1. Paddy Ireland, Limited liability, shareholder rights and corporate irresponsibility

  2. Discussant: Mark Hayes, University of Cambridge

5 June:

  1. Eleonora Sanfilippo: The Short Period and the Long Period in Macroeconomics: An Awkward Distinction

  2. Discussant: Mark Hayes, University of Cambridge

PKSG Workshop at SOAS

8 June 2012 | website

Full day workshop at The School of Oriental and African Studies, University of London. For more details, visit the workshop website

Research Seminar and Tour of the Mondragon Cooperatives in the Basque region of Spain

Monday, July 23 – Friday, July 27, 2012

The world economic crisis has inspired new interest in alternative economies and cooperative business models. Among cooperatively owned and run business, few have been as successful as Mondragon. First founded in 1956 as a small industrial cooperative in the town of Mondragón in the Gipuzkoa province of Spain, Mondragon has evolved to become the leading consortium of worker cooperatives in the world, with over 120 businesses employing over 80,000 workers. They have established cooperative research centers and business incubators, credit unions, a university, youth cooperatives, and small to medium businesses. Mondragon has also begun establishing an international presence, with plants in 18 countries around the world.

The purpose of this seminar is to learn first-hand about this highly successful cooperative model. The 5-day seminar will involve tours of Mondragon facilities, presentations on a variety of topics related to the Mondragon experience and in-depth interviews with Mondragon representatives, workers and academics.

For more information, contact:


                        Craig Borowiak

                            Associate Professor of Political Science

                            Haverford College

                            370 Lancaster Avenue

                            Haverford, PA 19041



Séminaire d'Economie Politique

Lundi 11 juin 2012, de 15h à 17h30 | Université Paris Diderot Paris 7, Les olympiades, immeuble Montréal, 105 rue de Tolbiac, 75013 Paris - amphi 46


Gerald Epstein (Université du Massachusetts): “How big is too big? What should finance do and how much should it be cut down to size?”


Le débat sera introduit par :

  1. Christian Chavagneux, Alternatives Economiques

  2. Esther Jeffers, Université Paris 8, LED

Textes et plan d'accès : https://sites.google.com/site/seminairedeconomiepolitique

Sheffield Political Economy Research Institute (SPERI)

16 - 18 July 2012 | Halifax Hall, University of Sheffield | website

The British Growth Crisis: The Search for a New Model

Officially launched by Rt Hon Ed Miliband in February, SPERI is a new interdisciplinary & politically neutral research institute that focuses in the first instance on questions of growth in the wake of the global financial crisis. Our inaugural conference reflects this focus.

The institute is co-directed by Professors Colin Hay and Tony Payne at the University of Sheffield, and its International Advisory Board, chaired by Professor Andrew Gamble, University of Cambridge, comprises twenty leading commentators in the field.


Monday 16 July 2012

  1. The conference will open with introductory plenary talks from Andrew Gamble (University of Cambridge) and Linda Weiss (University of Sydney).

Tuesday 17 July

  1. A day of parallel running panels will conclude with a pre-dinner talk by Lord Robert Skidelsky and a conference dinner.

Wednesday 18 July

  1. Further plenary sessions; the first will feature presentations by Nicola Phillips, Helen Thompson & Robert Wade.

The second will gather together speakers from a range of influential think-tanks including Centre Forum, Green Alliance, the Institute of Economic Affairs, IPPR, Policy Network and the Resolution Foundation.

Register before the end of May for early bird rates

URPE Summer Conference 2012

August 10-13, 2012 | Epworth Center, High Falls, NY | website

The 2012 URPE Summer Conference promises to be one of the most exciting summer conferences in decades. It will bring together Occupy activists and radical political economists to discuss  The Political Economy of the 99%: Today and Tomorrow. You can help make it a success by participating in the conference workshops and by publicizing the conference to Occupy activists that you know.


A flyer describing the conference is available on the URPE website. The flyer lists some of the workshops we plan to offer.  Let us know which of these workshops you would be willing to participate in. (Contact: paddyquick@aol.com) Formal papers are not necessary, and you do not have to be an "expert" to help lead a workshop.  We are asking all radical political economists who can attend the conference to sign up in advance for at least one of these workshops, or others that you may wish to suggest. The conference is intended to promote a dialogue between activists and radical political economists (many of us are both!)  Thus we want to make sure that there are radical political economists in each of the workshops.




As everyone knows, there is no "central" Occupy organization, so it is important for all of us to publicize the conference by, for example, forwarding the flyer to any and all Occupy groups that we know. (Let us know when you do this, by sending copy to the National Office: urpe@labornet.org.)  We can also encourage the people we are working with to register now for the conference - the registration form is now on the urpe web-site.

Value, Money and Crisis: A Workshop on the Work of Hans-Georg Backhaus

4 June 2012 (Bank holiday Monday) , 4-6 pm | Room 137, Richard Hoggart Building, Goldsmiths, University of London

Presentations by Riccardo Bellofiore and Tommaso Redolfi Riva, responses by Chris Arthur and Werner Bonefeld

All welcome

Hans-Georg Backhaus is one of the most provocative thinkers of the Frankfurt School. Together with Helmut Reichelt, Alfred Schmidt, and Hans-J?rgen Krahl, he was at the origin of the Neue Marx-Lektüre. Building on Adorno's critical sociology, Backhaus has been engaged in a problematization of the Marxian critique of political economy which takes seriously its roots in Hegel's Logic. Questioning orthodox Marxism and Engels's legacy, he has advanced a whole-scale reconstruction of Marxian theory, confronting the inconsistencies in Das Kapital, and rescuing Marxism as a critical theory of society. The most important of his essays were collected in Dialektik der Wertform: Untersuchungen zur marxschen Ökonomiekritik (The Dialectic of the Value Form: Investigations into Marx's Critique of Economics) by the German publisher ça ira Verlag. Very few of them are available in English, but the seminal contributions (in particular his 4-part Materials for the Reconstruction of Marx's Theory of Value) have now been published in Italian under the editorship of Bellofiore and Redolfi Riva. At the core of Backhaus's reconstructive project is the uniqueness of Marx in building the only monetary theory of value available to us, together with a full recognition of the fetish character and the displaced/perverted nature of contradictory capitalist reality. Backhaus's contributions put the question of the 'constitution' of capitalist social 'objectivity' once again on the agenda of Marxian theory and politics. They are essential today for anyone preoccupied with building an analysis of the crisis - one that would not only depart radically from mainstream economic theory, but go far deeper than Neo-Ricardianism and Keynesianism.

The 215th Meeting of the KG Society for the History of Economic Thought

Date: 13:30-17:00, 16th June 2012 | Room 1 on the ground floor, Ikeuch Memorial, Kwansei Gakuin University, Japan

Akiko Kado (Post-doctoral research fellow, part-time lecturer, Kyoto University), "Barbeyrac and Tillotson on Self-estimation and Religious Thought"

*All presentations and discussions will be conducted in Japanese.

Please contact us for further information:

Hisashi Shinohara (Professor, Kwansei Gakuin University) z74009@kwansei.ac.jp

Ryo Hongo (Associate Professor, Kwansei Gakuin University) hongo@kwansei.ac.jp

Job Postings for Heterodox Economists

International Food Policy Research Institute

Research/Senior Research Fellow | Dhaka, Bangladesh | website

Job Summary:

The International Food Policy Research Institute (IFPRI) seeks a qualified candidate to serve as a Research Fellow/Senior Research Fellow of its policy research and strategy support program (PRSSP) in Bangladesh for a two-year, fixed-term, exempt, renewable appointment. The position will be based in Dhaka, Bangladesh and will be under the Development Strategy and Governance Division (DSGD) of IFPRI. The Fellow will report to the Division Director of DSGD and will work closely with the Chief of Party of the PRSSP. Final grade level will be determined by relevant experience level.

The PRSSP aims to generate policy research to fill knowledge gaps on critical food security and agricultural developmental issues in Bangladesh. The expected outcomes of the project include enhanced efficiency of food production and marketing, accelerated income growth of the rural and urban poor, improved nutrition for vulnerable groups, and strengthened capacity of key Bangladeshi institutions for future food policy analysis. The project will facilitate the policymaking process, stimulate policy dialogue, and communicate evidence-based research findings to relevant Ministries of the Government of Bangladesh and other stakeholders.  Key research and capacity strengthening activities will be carried out through collaborative applied research with national research institute and think tanks, universities, and nongovernmental organizations.

Essential Duties:

The Fellow will be responsible for:

  1. Research/Capacity Building: Based on the identified program of work, the Fellow will participate in specific empirical research on joint studies by researchers from IFPRI and collaborating national institutions, and coordinate with Washington- and New Delhi-based and in-country staff research activities. Peer reviewed publications are expected from the Fellow.

  2. Policy Communication and Liaison: Together with the Chief of Party, the Fellow will maintain active policy communication with the Government of Bangladesh and USAID officials and other national counterparts through regular meetings, policy seminar series, policy briefs and discussion paper series; establishing active links with various national research institutions; and liaising with donors on regular basis.

  3. Fundraising/Resource Mobilization: Through an active in-country presence and networking, the Fellow will identify additional research funding opportunities, channel donor resources to available skills and expertise in IFPRI, and participate in research proposal development.

Required Qualifications:

  1. PhD in Economics, Agricultural Economics, or closely related field.

  2. Demonstrated research management and outreach experience in food and agricultural policy issues, with internationally recognized publications.

  3. Experience in project management, policymaking or advisory position, and strong team-building and networking skills.

  4. Knowledge and experience working in developing countries, preferably South Asia.

  5. Ability to work across disciplines and cultures.

  6. Excellent written and spoken English.

IFPRI is one of the international agricultural research institutes organized under the umbrella of the Consultative Group on International Agricultural Research (CGIAR). The mandate of IFPRI is to identify and analyze alternative national and international strategies and policies for meeting world food needs in ways that conserve the natural resource base, with emphasis on low income and on the poorer groups in the countries.

IFPRI offers a multicultural, collegial research environment with competitive salary and excellent benefits. IFPRI is an international and equal opportunity organization and believes that diversity of its staff contributes to excellence. We encourage women and developing country professionals to apply.


Applicants should email a detailed letter of interest and resume to:

Helena Brykarz, Contract Recruiter

Global Recruitment Specialists

PO Box 7382

Berkeley, CA 94707

Tel:  510-527-3316

E-mail:  hbrykarz@globalrecruitment.net

URL: www.globalrecruitment.net

University of Bremen, Germany

Junior Professorship (Assistant Professor) at Grade W1 (tenure track option) as a fixed term civil servant (three years with the option of extending for another three years and subsequent option of a tenure track procedure) in the field of Industrial Services.

Index number: JP 679/12

Industrial value chains are increasingly augmented by service components. The future post holder will have previous experience in service research and will position her/his research at the intersection of the fields transportation/logistics, design of value chains and delivery of industrial services. An excellent doctorate degree in business, economics or a related field must have been completed within the last 5 years. We expect cooperation within the faculty and either with our research cluster for dynamics in logistics (www.folo.uni-bremen.de) or in the context of the Center for Transnational Studies (www.zen-tra.de).

Responsibilities include teaching, inter alia in the field of marketing in our undergraduate and graduate degree programs. Applicants must be able to teach in English and are expected to have acquired teaching skills in German before the tenure decision.

Teaching duties will be initially reduced for junior professors to facilitate their scientific research. The teaching responsibilities comprise 5 hours per week on average during the teaching part of the semester, typically being 28 weeks per year. The University intends to appoint a permanent professorship in the above research area prior to the completion of a junior professor’s full term. The application of the junior professor who has been appointed for this vacancy is possible and welcomed. In exceptional cases, the junior professorship can be converted into a permanent professorship without further job advertisements (tenure track).

The University of Bremen has received a number of awards for its diversity policies. We strive to increase the number of female researchers and particularly solicit applications from suitably qualified female candidates. Applications from candidates from immigrants and ethnic minorities are welcomed. Disabled persons with similar professional and personal qualifications will be given preference.

Interested candidates should submit their applications up to 07.06.2012 indicating the index number: JP 679/12 in electronic form (PDF documents preferred) to the following address: dekanfb7@uni-bremen.de. A paper version should be sent to Universität Bremen, Fachbereich Wirtschaftswissenschaft, Der Dekan, Hochschulring 4, D-28359 Bremen.

For further enquiries, please contact the Dean, Professor Jochen Zimmermann, phone: +49 421-218 66500, jzimmermann@uni-bremen.de 

University of Cambridge, UK

University Lecturer (Assistant Professor), Judge Business School, Economics of Innovation | Website

Salary: £37,012 - £46,846

Closing date: 18 June 2012

We wish to recruit an exceptional scholar who can contribute to our growing strength in the area of the economics of innovation. Successful candidates will be able to provide clear evidence of intellectual excellence and the potential and ambition to establish a publication record in the leading journals in their field; they will have (or expect soon to receive) a PhD in a relevant subject. Experience of teaching at undergraduate, postgraduate or post-experience levels is desirable.

We offer a competitive package of benefits. Appointments will be from 1 September 2012 or as soon as possible thereafter.

University of Sydney, Australia

Lecturer in Political Economy (2 vacancies)

Faculty of Arts and Social Sciences, School Of Social And Political Sciences

REFERENCE NO. 628/0412

  1. Join a leading arts faculty

  2. Work in a collaborative and supportive interdisciplinary environment

  3. Full-time, continuing: $104.6K - $124.2K p.a. (including salary, leave loading and up to 17% super)

The University of Sydney is Australia's first university and has an outstanding global reputation for academic and research excellence. It employs over 7500 permanent staff supporting over 49,000 students.

The Faculty of Arts and Social Sciences offers one of the most comprehensive and diverse range of humanities and social science studies in the Asia Pacific region and is regularly ranked in the top 20 faculties of its kind.

The School of Social and Political Sciences (SSPS) is composed of the departments of Anthropology, Government and International Relations, Political Economy, Sociology and Social Policy, and Peace and Conflict Studies. SSPS is the focus for the strategic development of the social sciences at Sydney with a view to our becoming Australia's leading centre for research and teaching in the area.

Our Department of Political Economy is the largest of its kind in Australia and is internationally recognized as a leading centre of political economic analysis and teaching. Research and teaching in the department are founded on heterodox traditions of economics (including Marxian, Post-Keynesian, Classical, Institutional and Feminist economics).

We are also a major stakeholder in several interdisciplinary programs within SSPS, including the Bachelor of International and Global Studies and the Masters in Development Studies. In addition we play a leading role in interdisciplinary initiatives around the themes of markets and society, financialisation, the environment and climate change.

We are currently seeking to appoint two lecturers and as a successful appointee you will:

  1. teach into the department's core curriculum which focuses upon analysis and application of heterodox economic traditions

  2. make a contribution to the research strengths of the school, including the pursuit of research grants and regular publication in journals of high standing

  3. supervise research higher degree students

  4. be a source/centre for interdisciplinary collaborations within the university and with external stakeholders

  5. contribute to academic administration.

To be successful in this role you will possess:

  1. a PhD in political economy, economics or closely related field expertise in the department's core curriculum which focuses upon analysis and application of heterodox economic traditions

  2. evidence of teaching ability and experience, including potential to supervise honours and higher degree research students and contribute to curriculum development

  3. an active research agenda in the field of political economy and a strong publication record, relative to opportunity, in this field.

Desirable for appointment is your:

  1. administrative experience

  2. course co-ordination experience

  3. experience supervising postgraduate research students

  4. ability to contribute to one or more of the interdisciplinary programs and/or initiatives with which the department is involved (e.g. Masters in Development Studies).

This role presents an excellent opportunity to grow and develop your academic career in a school that offers innovative degrees at undergraduate and postgraduate levels, that attract the very best students from Australia and overseas.

All applications must be submitted via the University of Sydney careers website. Visit sydney.edu.au/positions and search by the reference number for more information and to apply.

CLOSING DATE: 7 June 2012 (11.30pm, Sydney time)

The University reserves the right not to proceed with any appointment. The University is an Equal Opportunity employer committed to equity, diversity and social inclusion. Applications from equity target groups and women are encouraged.

Conference Papers, Reports, and Podcasts

A Triumph of Failed Ideas: European models of capitalism in the crisis

Steffen Lehndorff speaks about the book, A Triumph of Failed Ideas: European models of capitalism in the crisis. Watch the video here.

Steffen Lehndorff is Senior Researcher at the Working Time and Work Organization Department at IAQ, University of Duisburg-Essen, Germany.

Shann Turnbull, "Transforming finance from the ground up"?

It is posted at: http://ds1.downloadtech.net/cn1086/audio/14215157971873-001.mp3

Vision in Heterodox Economics, New School for Social Research

May 4, 2012.  Watch the video here.

Heterodox Journals

Cambridge Journal of Economics, 36(3): May 2012

Journal website: http://www.oxfordjournals.org/page/3924/1

  1. Universities as strategic actors in the knowledge economy / Enrico Deiaco, Alan Hughes, and Maureen McKelvey

  2. Are universities and university research under threat? Towards an evolutionary model of university speciation / Ben R. Martin

  3. Government policy, university strategy and the academic entrepreneur: the case of Queensland s Smart State Institutes / Mark Dodgson and Jonathan Staggs

  4. Transforming traditional university structures for the knowledge economy through multidisciplinary institutes / Simon Mosey, Mike Wright, and Bart Clarysse

  5. Universities, Technology and Innovation Centres and regional development: the case of the North-East of England / John Goddard, Douglas Robertson, and Paul Vallance

  6. University technology transfer: how (in)efficient are French universities? /  Claudia Curi, Cinzia Daraio, and Patrick Llerena

  7. Crossing the Rubicon: exploring the factors that shape academics perceptions of the barriers to working with industry /  Valentina Tartari, Ammon Salter, and Pablo D Este

  8. Universities in emerging economies: bridging local industry with international science—evidence from Chile and South Africa / Elisa Giuliani and Roberta Rabellotti

  9. Innovation and university collaboration: paradox and complexity within the knowledge economy / Jeremy Howells, Ronnie Ramlogan, and Shu-Li Cheng

  10. Pathways to impact and the strategic role of universities: new evidence on the breadth and depth of university knowledge exchange in the UK and the factors constraining its development / Alan Hughes and Michael Kitson

  11. Investigating the complexity facing academic entrepreneurs in science and engineering: the complementarities of research performance, networks and support structures in commercialisation / Evangelos Bourelos, Mats Magnusson, and Maureen McKelvey

Challenge, 55(3): May-June 2012

Journal website

  1. Letter from the Editor / Jeff Madrick

  2. Down and Out: Measuring Long-Term Hardship in the Labor Market / John Schmitt, Janelle Jones

  3. Why Has Income Inequality Remained on the Sidelines of Public Policy for So Long? / Robert Wade

  4. Rising Income Inequality and Declining Civic Participation / Oren Levin-Waldman

  5. Dynamics of the Current Crisis / Howard Sherman, Michael Meeropol

  6. Varieties of Capitalism and Development in Transition Economies Since the Fall of the Berlin Wall / Pasquale Tridico

  7. Review: The End of Loser Liberalism: Making Markets Progressive. By Dean Baker / Josh Bivens

  8. The Corporation and the State Against the Public / Mike Sharpe

History of Economic Thought and Policy (a new journal announcement)

History of Economic Thought and Policy is a new double-blind peer-reviewed journal in the

history of economics. The contents of the first 2012 issue, together with a general

presentation, institutional bodies of the journal and subscription

details, can be viewed here.

Industrial and Corporate Change, 21(3): June 2012

Journal website: http://www.oxfordjournals.org/page/3924/5 

  1. Technology uncertainty, sunk costs, and industry shakeout / Luís Cabral

  2. Innovation strategies as a source of persistent innovation / Tommy Clausen, Mikko Pohjola, Koson Sapprasert, and Bart Verspagen

  3. Innovative work practices and sickness absence: what does a nationally representative employee survey tell? / Petri Böckerman, Edvard Johansson, and Antti Kauhanen

  4. Dynamic capabilities and their indirect impact on firm performance / Aimilia Protogerou, Yannis Caloghirou, and Spyros Lioukas

  5. Export-market dynamics and firm-level productivity: evidence for UK tradable sectors / Richard Harris and Qian Cher Li

  6. Board composition, political connections, and performance in state-owned enterprises /  Anna Menozzi, María Gutiérrez Urtiaga, and Davide Vannoni

  7. Enhancing value via cooperation: firms’ process benefits from participation in a standard consortium / Mu Xia, Kexin Zhao, and Joseph T. Mahoney

  8. Endogeneity between internationalization and knowledge creation of global R&D leader firms: an econometric approach using Scoreboard data / Areti Gkypali, Kostas Tsekouras, and Nick von Tunzelmann

  9. The evolution of alliance portfolios: the case of Unisys / Dovev Lavie and Harbir Singh

International Journal of Political Economy, 40(4): Winter 2011-12

Journal website

  1. Perspectives on the Great Recession and Policy Alternatives to Combat Stagnation in the Industrialized World: Editor's Introduction / Mario Seccareccia

  2. The Real Roots of the Great Recession: Unsustainable Income Distribution / Massimo Florio

  3. Interest, Growth, and Income Distribution: What Ought to Be the Objectives of EU Macroeconomic Policy Coordination? / Massimo Cingolani

  4. The Role of Public Investment as Principal Macroeconomic Tool to Promote Long-Term Growth: Keynes's Legacy / Mario Seccareccia

  5. Mercantilist Roots of the Crisis / Antoine Brunet, Jean-Paul Guichard

  6. Rethinking Monetary Policy with Reference to Monetary Circuit Theory / Claude Gnos

Ola Financiera, No. 12: May-August 2012

Journal Website: http://www.olafinanciera.unam.mx/new_web/12/index.html


  1. Especulación y Soberanía: una interacción insidiosa / Gerald Epstein y Pierre Habbard

  2. Teoría de la regulación: Una lectura de las grandes crisis económicas / Antonio Mendoza Hernández

  3. Argentina: Camino del desendeudamiento. 1991-2011 / Pablo Nemiña

  4. España: Desarrollo frustrado y retorno a la periferia / Teresa Aguirre

  5. Petrobras: petróleo, finanzas públicas y desarrollo / Carlos Huerta Durán y Fluvio Ruíz Alarcón


  1. Tierra adentro, mar afuera / Antonio García de León


  1. Inflación estructural y política financiera / Julio Olivera

Review of Radical Political Economics, 44(2): June 2012

Journal website:  http://rrp.sagepub.com 


  1. Left Clouds Over Climate Change Policy / Robin Hahnel

  2. Remaking the Connections: Marxism and the French Regulation School / David Neilson

  3. Reconceptualizing Capitalism: Forms of Subsumption of Labor, Class Struggle, and Uneven Development / Raju J. Das

  4. Primitive Accumulation and the Labor Subsidies to Capitalism / Tamar Diana Wilson

  5. The Growth of Unproductive Activities, the Rate of Profit, and the Phase-Change of the U.S. Economy / Dimitris Paitaridis and Lefteris Tsoulfidis

  6. Revisiting the Mexican Informality Continuum in the United States: A Rejoinder to Cobb, King, and Rodriguez (2009) / Michael J. Pisani

Book Reviews

  1. Book Review: From Political Economy to Economics: Method, the Social and the Historical in the Evolution of Economic Theory / Christopher Gunn

  2. Book Review: Libertarian Communism: Marx, Engels and the Political Economy of Freedom / Arthur DiQuattro

  3. Book Review: Credit Crunch: Housing Bubbles, Globalisation and the Worldwide Economic Crisis and No Way to Run an Economy: Why the System Failed and How to Put it Right /

  4. Gary Dymski

  5. Book Review: The Keynes Solution: The Path to Global Economic Prosperity / Julio Huato

  6. Book Review: Imperialism and Global Political Economy / Serdal Bahçe

  7. Book Review: The Labour Movement in the Global South: Trade Unions in Sri Lanka / Bradley Weinberg

Revue de la régulation. Capitalisme, institutions, pouvoirs, Numéro 11: 1er semestre 2012

Dossier thématique: « Les capitalismes en Amérique latine. De l'économique au politique »

Website: http://regulation.revues.org/

Au sommaire de ce numéro :


Dossier : Les capitalismes en Amérique latine. De l'économique au politique

  1. Robert Boyer / Diversité et évolution des capitalismes en Amérique latine. De la régulation économique au politique 

  2. Egidio Luis Miotti, Carlos Quenan et Edgardo Torija Zane / Continuités et ruptures dans l’accumulation et la régulation en Amérique latine dans les années 2000 : le cas de l’Argentine, du Brésil et du Chili 

  3. Demian Tupac Panigo et Pablo Ignacio Chena / Regulationist Macro-Models for Developing Countries. An Application to the Argentine New Development Pattern 

  4. Julio César Neffa / La evolución de la relación salarial durante la post convertibilidad

  5. Eliane Araújo, Miguel Bruno et Débora Pimentel / Financialization against Industrialization: a regulationnist approach of the Brazilian Paradox 

  6. Julio López G. / L’essor et le déclin de la stratégie économique keynésienne – structuraliste au Mexique 

  7. Jaime Marques Pereira / La monnaie, la politique et la possibilité d’un mode de développement à nouveau fondé sur le marché intérieur au Brésil et en Argentine 

  8. Ilan Bizberg et Bruno Théret / La diversité des capitalismes latino-américains : les cas de l’Argentine, du Brésil et du Mexique 

  9. Bruno Lautier / La diversité des systèmes de protection sociale en Amérique latine 

Opinions - débats

  1. Robert Boyer / Entrevista Carlos Ominami La teoría de la regulación: un instrumento útil que mantiene toda su pertinencia

  2. Diego Landivar / Naissance et dynamique de la nouvelle pensée économique bolivienne 

Notes de lecture

  1. Florence Jany-Catrice / Éloi Laurent, Social-écologie, 2011, Flammarion, Paris, 230 pages

  2. Anne Le Roy / Cassiers Isabelle et alii, Redéfinir la prospérité. Jalons pour un débat public, éditions de l’aube, 2011, 283 pages 

  3. François Morin / Robert Boyer, Les financiers détruiront-ils le capitalisme ?, Economica, juillet 2011 

  4. Hervé Charmettant / Christian Bessy, Thierry Delpeuch, Jérôme Pélisse (dir.) Droit et régulation des activités économiques. Perspectives sociologiques et institutionnalistes, série Droit et Société, collection « Recherches et travaux », vol. 24, LGDJ, Lextenso éditions, Paris, 2011, 282 pages 

  5. Juan Barredo / Pablo Dávalos, La democracia disciplinaria ; el proyecto posneoliberal para América Latina, Codeu, Quito, 2010 

  6. Julien Vercueil / Sébastien Lechevalier, La grande transformation du capitalisme japonais (1980-2010), Paris, Les Presses de Sciences Po, 2011 

Présentations de thèses

  1. Julie Lazes / Julie Lazes, Conflictualité, distribution et instabilité macroéconomique. Comportements rentiers et modes de régulation en Argentine

Heterodox Newsletters


  1. Report, The Big Banks' Big Secret: Estimating government support for Canadian banks during the financial crisis

  2. Hennessy’s Index


  1. GDAE Awards 2012 Leontief Prizes to Timmer and Lipton:

On April 3, the Global Development And Environment Institute (GDAE) awarded the 2012 Leontief Prize to two of the world's leading agricultural economists: C. Peter Timmer and Michael Lipton. The Leontief Prize recognizes outstanding contributions to economic theory that address contemporary realities and support just and sustainable societies. Speaking to an overflow crowd in Tufts University’s Ballou Hall, GDAE co-director Neva Goodwin introduced the awardees, noting that the food crisis has reminded us all that “the first job of any economy should be to provide sufficient, nutritious food to everyone.” She presented the Leontief Prize to Dr. Timmer and Dr. Lipton, noting their singular and long-lasting contributions to sound, effective policies on agricultural development. (See the full text of Neva Goodwin's remarks.)

Read a full description of the event on GDAE’s Leontief page, where you will also find press coverage of the event, Peter Timmer’s related post on the Triple Crisis Blog, and links to short video interviews with the prizewinners by GDAE’s Timothy A. Wise, co-author of the recent

  1. Report, "Resolving the Food Crisis: Assessing Global Policy Reforms Since 2007."

  2. Report, Regulating Global Flows for Long Run Development 

  3. Report, The New Banks in Town: Chinese Finance in Latin America

Global Labour Column

  1. Globalization and Taxation: Trends and Consequences by Ilan Strauss

  2. Labour and Economic Reform in Cuba, by Anamary M. Linares, Oscar F. Estrada, and David J.P. Espina

  3. Challenges for Minimum Wage Campaign in South Korea by Changgeun Lee


  1. Affordable Medicine: A big step forward, C.P. Chandrasekhar

  2. Statement by Former Staff Members of UNCTAD: Silencing the message or the messenger …. or both?

  3. Joint Declaration of Fukushima Symposium Participants

  4. Whose Elections Should We Watch? Jayati Ghosh

  5. Using the Potential of BRICS Financial Co-operation, Jayati Ghosh

  6. Getting the Priorities Right: The new central bank law in Argentina, John Weeks

  7. Post-Crisis Reform: A lost opportunity? Jayati Ghosh and C.P. Chandrasekhar

Featured Articles:

  1. Recollecting Kalecki’s Studies of the US Economy, Julio Lopez

  2. Financial Architectures and Development: Resilience, policy space, and human development in the global south, Ilene Grabel

  3. When the Global Crisis and Youth Bulge Collide: Double the jobs trouble for youth, Isabel Ortiz and Matthew Cummins

  4. How the Full Opening of the Capital Account to Highly Liquid Financial Markets Led Latin America to Two and a Half Cycles of 'Mania, Panic and Crash', José Gabriel Palma

INET Spotlight

  1. INET Berlin: Changing of the Economic Guard

  2. Film: Financial Instability

  3. Call for Grants

Levy News

  1. Building Effective Regulation Requires a Theory of Financial Instability / Jan Kregel and Dimitri B. Papadimitriou. One-Pager No. 30, May 4, 2012

  2. The Euro Debt Crisis and Germany's Euro Trilemma /Jörg Bibow. Working Paper No. 721, May 2012

  3. What Are the Driving Factors behind the Rise of Spreads and CDSs of Euro-area Sovereign Bonds? A FAVAR Model for Greece and Ireland / Nicholas Apergis and Emmanuel Mamatzakis. Working Paper No. 720, May 2012

  4. Reorienting Fiscal Policy after the Great Recession / Pavlina R. Tcherneva. Working Paper No. 719, May 2012

  5. Aggregate Production Functions and the Accounting Identity Critique: Further Reflections on Temple's Criticisms and Misunderstandings / Jesus Felipe and John McCombie. Working Paper No. 718, May 2012

  6. Introduction to an Alternative History of Money / L. Randall Wray. Working Paper No. 717, May 2012

  7. Measuring Macroprudential Risk through Financial Fragility: A Minskyan Approach / Éric Tymoigne. Working Paper No. 716, April 2012

  8. Tracking the Middle-income Trap: What Is It, Who Is in It, and Why? / Jesus Felipe, Arnelyn Abdon, and Utsav Kumar. Working Paper No. 715, April 2012

  9. Managing Global Financial Flows at the Cost of National Autonomy: China and India / Sunanda Sen. Working Paper No. 714, April 2012

PERI In Focus

  1. Making Work Pay: Combining the Benefits of the Earned Income Tax Credit and Minimum Wage

  2. The Economic Consequences of Cutting the Supplemental Nutrition Assistance Program

  3. Raising Revenue from High-Income Households: Should States Continue to Place the Lowest Tax Rates on Those with the Highest Incomes?

Heterodox Books and Book Series

Economic Growth and Development, 2nd Edition

By Hendrik Van den Berg

World Scientific Publishing. March 2012. ISBN: 978-981-4374-64-4(pb) | website

This textbook covers the full range of topics and issues normally included in a course on economic growth and development. Both mainstream economic perspectives as well as the multi-paradigmatic, inter-disciplinary, and dynamic-evolutionary perspectives from heterodox economics are detailed. Economic development is viewed in terms of the long-run well-being of humanity, social stability, environmental sustainability, and just distribution of economic gains, not simply as the growth of GDP. Furthermore, this textbook explicitly recognizes the complexity of economic development by linking economic activity to our broader social and natural environments.

Environmental & Natural Resource Economics

By Jonathan Harris and Brian Roach

A third edition of the textbook Environmental and Natural Resource Economics: A Contemporary Approachby Jonathan M. Harris is in preparation, and revised chapters will be made available before publication.   The third edition will be co-authored by Jonathan Harris and Brian Roach, and will include extensive new material on environmental valuation and accounting, new developments in population, agriculture, energy, pollution policy, and climate change, and a new chapter on water issues.  

Currently the text is available for free download.  Revised chapters will be made available at the same site, and notifications will be sent out when chapters are ready.  It is expected that the revision will be completed by September 2012.  The revised text will remain available for free download until its publication date in Spring 2013.

INSTRUCTORS: Contact us at gdae@tufts.edu to request access to an extensive list of instructor resources and teaching materials for this textbook, including PowerPoint slides with DATA UPDATES.

View a  variety of useful educational materials, including textbooks and teaching modules.

More information on GDAE's Theory & Education Program.

Subprime Cities: The Political Economy of Mortgage Markets

Manuel B. Aalbers, Editor

Wiley-Blackwell. April 2012. ISBN: 978-1-4443-3777-8 (pb) | website

Subprime Cities: The Political Economy of Mortgage Markets presents a collection of works from social scientists that offer insights into mortgage markets and the causes, effects, and aftermath of the recent 'subprime' mortgage crisis.

  1. Provides an even-handed and detailed analysis of mortgage markets and the recent housing crisis

  2. Features contributions from various social scientists with expertise in critical social theories who have assembled and analyzed detailed empirical information

  3. Offers a unique and powerful rebuttal to many of the misleading popular explanations of the crisis and its aftermath

  4. Reveals how racial minorities and the neighbourhoods inhabited by them are more likely to be targeted by subprime and predatory lenders

Occupy the Economy: Challenging Capitalism

By Ricard D. Wolf and David Barsamian

City Light Publishers. May 2012.  ISBN: 10 0872865673 (pb) | website

Today's economic crisis is capitalism's worst since the Great Depression. Millions have lost their jobs, homes and healthcare while those who work watch their pensions, benefits and job security decline. As more and more are impacted by the crisis, the system continues to make the very wealthy even richer. In eye-opening interviews with prominent economist Richard Wolff, David Barsamian probes the root causes of the current economic crisis, its unjust social consequences and what can and should be done to turn things around. While others blame corrupt bankers and unregulated speculators or the government or even the poor who borrowed, the authors show that the causes of the crisis run much deeper. They reach back to the 1970s when the capitalist system itself shifted, ending the century-old pattern of rising wages for U.S. workers and thereby enabling the top 1% to become ultra-rich at the expense of the 99%. Since then, economic injustice has become chronic and further corrupted politics. The Occupy movement, by articulating deep indignation with the whole system, mobilizes huge numbers who seek basic change. Occupy the Economy not only clarifies and analyzes the crisis in U.S. capitalism today, it also points toward solutions that can shape a far better future for all.

The Making of a Post-Keynesian Economist: Cambridge Harvest

By G. C. Harcourt

Palgrave Macmillan. May 31, 2012. ISBN: 9780230284692 (hb) | website

The eminent post-Keynesian economist Geoffrey Harcourt documents the development of key issues and debates in modern economics. This selection of essays focuses on the theoretical discussions in Cambridge at this time.  The author includes analyses of modern capitalism and the debates surrounding this, as well as surveys of modern economic traditions, tributes to influential thinkers known to the author, review articles and autobiographical essays

On Skidelsky's Keynes and Other Essays: Selected Essays of G. C. Harcourt

By G. C. Harcourt

Palgrave Macmillan. May 31, 2012. ISBN: 9780230284685 (hb) | website

The collected essays in this volume chart the development of the Cambridge School of economists over the past twenty-eight years, profiling prominent thinkers who influenced the author. Geoffrey Harcourt has made major contributions to the development of post-Keynesian thought, and his theories, influences and passions are elucidated in this selection of essays. Essays range from intellectual biographies, autobiographical writings on political economy, politics and religion, and theoretical discussions of post-Keynesian policies. The author also reviews major works in recent scholarship, including Robert Skidelsky's evaluation of Keynes's many dimensional life and works.

The Fall and Rise of Keynesian Economics

By John Eatwell and Murray Milgate

Oxford University Press. March 2011. ISBN13: 9780199777693 | website

The CERF Monographs on Finance and the Economy

During the 1970s, monetarism and the new classical macroeconomics ushered in an era of neoliberal economic policymaking. Keynesian economics was pushed aside. It was almost forgotten that when Keynesian thinking had dominated economic policymaking in the middle decades of the twentieth century, it had coincided with postwar economic reconstruction in both Europe and Japan, and the unprecedented prosperity and stable growth of the 1950s and 1960s. The global financial crisis of 2007-2009 and the recession that followed changed all that. Influential voices in both academic economics and amongst policy-makers and commentators began to remind us how useful Keynesian ways of thinking could be, especially in coming to terms with our current economic predicaments. When politicians across the globe were confronted with economic crisis, they introduced pragmatic and workable measures that bore all the hallmarks of Keynesianism. This book is about the fall and rise of Keynesian economics.

Eatwell and Milgate range widely across the landscape that defines their subject matter. They consider how powerful Keynesian ideas can be when applied to past and present economic problems. They show how helpful these ideas are in explaining why we came to find ourselves in the disorder we are in. They examine where and how the analytical and methodological foundations of conventional macroeconomic wisdom went wrong. They set out a blueprint for an alternative that provides a clearer, more consistent, and more applicable approach to understanding how markets work. They also highlight the interpretive shortcomings that have come to characterize Keynes scholarship itself. They do all of this within the context of a provocative reconsideration of some of the most pressing economic problems that confront financial markets and the global economy today. They conclude that Keynesian ideas are not just for crises, but for constructive economic policy making at all times.

Heterodox Book Reviews

The Poverty of Clio: Resurrecting Economic History

By Francesco Boldizzoni, The Poverty of Clio: Resurrecting Economic History. Princeton, NJ: Princeton University Press, 2011. xi + 216 pp. $39.50 (cloth), ISBN: 978-0-691-14400-9.

Reviewed for EH.Net by Enrico Petracca, Departments of Philosophy and Economics, University of Bologna. Read the review here.

Heterodox Graduate Programs, Scholarships, and Grants

Antipode Foundation Scholar-Activist Project Awards


The Foundation expects to allocate each successful application up to £10,000 (or equivalent) to support collaborations between academics, non-academics and activists (from NGOs, think tanks, social movements, or community grassroots organisations, for example) which further radical analyses of geographical issues and engender the development of a new and better society. The Awards are aimed at promoting programmes of action-research, participation and engagement, cooperation and co-enquiry, and more publicly-focused forms of geographical investigation. See here for more.


Antipode Foundation Regional Workshop Awards

The Foundation expects to allocate each successful application up to £10,000 (or equivalent)  to fund events (including conferences, workshops, seminar series, summer schools and action research meetings) which further radical analyses of geographical issues and engender the development of a new and better society. See here for more.

Applications for this first round of awards must be in by 30 June 2012. Forms are available from and should be returned to  Andy Kent (antipode@live.co.uk), who is more than happy to answer any questions you might have.

Brighton University, UK

Brighton University has advertised 40 PhD scholarships.


This one in particular might be of interest to those interested in heterodox economics, “Access to finance for SMEs in emerging market economies

Application deadline: June 8, 2012

Independent Social Research Foundation

Providing Research Support in Interdisciplinary Social Science for Academic Year 2013-4

The Independent Social Research Foundation (ISRF) wishes to support independent-minded researchers to do interdisciplinary work which is unlikely to be funded by existing funding bodies. It is interested in original research ideas which take new approaches, and suggest new solutions, to real world social problems.

The Foundation intends to make a small number of awards to support original interdisciplinary research, across the range of the social sciences, to be held from a start date during the academic year 2013-4. Scholars from within Europe are eligible to apply.

The award is intended to enable a scholar at the mid career stage to pursue his/her research full-time, normally for 12 months. The amount will be offered to buy out the costs of replacing all teaching and associated administration in the applicant’s home institution, and will be considered to a maximum of £60,000 per successful applicant. Within that sum, reasonable support for research expenses may be considered on a matched-funding basis with the host institution.

The applicant should normally hold a salaried position at an institution of higher education and research, and be 10 years or more from the year of their PhD award. However, a shorter time from PhD award may exceptionally be considered, if the candidate has other qualifications to be considered as mid-career.

Applicants should consult the Criteria as set out in the Further Particulars and show that they meet them. Applicants should follow the Application procedure and should present their Proposal in the format specified there.

To Apply Online: please visit www.isrf.org

INET and CIGI 2012 Grants

The Institute for New Economic Thinking (INET) and the Canadian Centre for International Governance Innovation (CIGI) are accepting research proposals for their joint 2012 Grant Program, with grants ranging in value from $25,000 to $250,000. To date, the program has awarded more than $17.5 million in research grants.

INET and CIGI seek to create an environment nourished by open discourse and to empower the next generation of scholars with the necessary support to accelerate and advance new and important thinking on economic issues. We encourage scholars worldwide, in economics as well as in related fields such as political science, sociology, anthropology, history, and the physical sciences, to submit grant proposals.

Download the RFP

Download the Press Release

Application & Instructions

University of Westminster, UK

Full-time studentships for doctoral study (Three years, full time: £16,000 annual stipend plus fee waiver) are available in Westminster Business School at the University of Westminster to candidates with Home (UK and EU) fee status starting in September 2012. Studentships will cover also applciations in the areas relevant to our Centre for Employment Research.  Successful candidates will be expected to undertake some teaching duties. The closing date for applications is 5pm Tuesday 8 June 2012. For further details please see here.

Heterodox Websites

Conference of Socialist Economists

CSE is pleased to announce its presence on social media. You can follow activities on Twitter and on Facebook. The links can be found via the newly redone website - http://www.cseweb.org.uk/

SNAC: The Social Networks and Archival Context Project

  1. The Project site: http://socialarchive.iath.virginia.edu/prototype.html 

  2. The prototype: http://socialarchive.iath.virginia.edu/xtf/search 

  3. The article about the Project: “Projects Aims to Build Online Hub for Archival Materials”, The Chronicle of Higher Education, May 13, 2012

Heterodox Economics in the Media

Dr. Stephanie Kelton: Modern Money Theory Explained

Media Roots, April 27, 2012. Listen to audio and see the transcript here.

Insight into the 9/11 Debate: “Economists are Scared”

Lars Schall interviews economist Paul Zarembka for the Asia Times Online here.

Who's Afraid of Kirchner's Oil Nationalization?

Article by Cyrus Bina in Asia Times Online here, May 8, 2012.

Ph.D Dissertations in Heterodox Economics

Pricing, Price Stability, and Post Keynesian Price Theory

By Gyun Cheol Gu (ggu@umkc.edu)

Department of Economics, University of Missouri-Kansas City, USA. May 2012

Advisor: Frederic S. Lee

Abstract: This dissertation contributes to heterodox microeconomics by building a comprehensive and coherent theoretical system for price cyclicality and stability since they are under-theorized issues in both neoclassical and heterodox microeconomics. In particular, it develops an empirically grounded theory of price cyclicality and stability from the Post Keynesian perspective by examining the causal mechanisms for price setting which are supported by empirical evidence. By doing so, it sheds light on the mechanisms through which price stability is secured. The dissertation has four major implications for heterodox microeconomics. First, it demonstrates that there is no such thing as a deterministic relationship between sales and prices predicated on the neoclassical supply and demand framework. The relationship can appear to be positive, negative, or nil at all depending on how the cost base responds to the output change. Second, it demonstrates that it is not the profit mark-up but the cost base that works as the key driver of price cyclicality, which means that all neoclassical explanations for price cyclicality have no foundation. Third, it refines the heterodox theory of intrinsic price stability by updating Lee's (1998) grounded price theory. Last but not least, it extends the heterodox price stability theory by differentiating between intrinsic and extrinsic price stability, identifying their roles and implications and incorporating labor hoarding and discipline effects to the theorization of the extrinsic price stability. All these contributions will be of crucial importance for the refinement and development of heterodox microeconomics.

Download the summary.


Online Survey on Open Access Journals

Dear Colleague,

"Publish or perish" is the major tenet governing the everyday life and the career of researchers. Moreover, it is a way for actively participating to the scientific debate and to the invisible colleges characterizing the research environment, far exceeding the boundaries of the single institutions.

However the system of scholarly publishing in the last decades underwent into an extensive transformation including the advent of the Open Access journals. Despite the increasing role that such journals are playing into the research milieu, we have so far still a partial perspective of their reception by the academic community, especially from the demand side. This survey is devoted to permit a behavioural analysis of the economics scholars concerning the consumption (as readers and authors) of the Open Access journals.

Completing the linked questionnaire will take about 15 minutes, hopefully providing us with a valuable dataset for drawing a representative picture of the status quo.

All collected data are anonymized, making it difficult even for the researchers to infer who responded what to the survey (we keep separately track of who responds to prevent double entries).

Please also answer even if you are not a reader or an author of articles appearing in Open Access journals.

The survey: http://survey.unipmn.it/index.php?sid=19562&lang=en

Thanks for participating!

Matteo Migheli (University of Eastern Piedmont)

Giovanni B. Ramello (University of Eastern Piedmont)

For Your Information

The inaugural Mark Blaug Prize in Philosophy and Economics Winner

The prize was awarded to Ittay Nissan-Rozen (Hebrew University in Jerusalem), for his article:

'Doing the best one can: a new justification for the use of lotteries' [PDF]

About the Prize

The Mark Blaug Prize is intended to promote and reward the work of Young Scholars in philosophy and economics. It is named in honour of Professor Mark Blaug (1927-2011), a founder of the field of philosophy and economics whose generosity and commitment to Young Scholars was recognized by all who knew him. For details of the prize and how to enter, visit the EJPE website.

Karl Marx's End of Year Departmental Assessment

Watch the video here.

Maria da Conceição Tavares Receives Highest Award for Scientific Achievement

Renowned professor and economist Maria da Conceição Tavares received yesterday, May 17th 2012, the highest scientific prize granted by the Brazilian government. The national foundation for scientific research (CNPq) awarded Conceição Tavares for her lifetime theoretical and practical achievements. Tavares has influenced generations of students, scholars, and  state officials. The significance of the award is that it goes to a female Marxist economist. Dilma Rousseff, Brazil’s first female president and herself a former student of Conceição Tavares, personally handed the prize. During the official ceremony Dilma made clear in her brief speech that “Conceição Tavares treated economics as it should be treated, as political economy”.

Conceição Tavares used Marxian economics to theorize the limits and contradictory dynamics of the Brazilian 1950-1980 episode of import substitution and industrialization. Her main contribution was to explain Brazil’s industrial, financial, and exporting activities as dialectical processes. Her writings are mandatory references in any economics class on Latin American economies. Tavares also joined the selective group of economists that founded the United Nation’s Economic Commission for Latin America and the Caribbean (ECLAC), best known for its Spanish acronym CEPAL. Her work has had major theoretical and practical implications on the course of the Brazilian history of economic development.

For more details, go to here.

97 Percent Owned -- Documentary

When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked - questions like:

  1. where does money come from?

  2. Who creates it?

  3. Who decides how it gets used?

  4. And what does that mean for the millions of ordinary people who suffer when money and finance breaks down?

97% Owned is a new documentary that reveals how money is at the root of our current social and economic crisis. Featuring frank interviews and commentary from economists, campaigners and former bankers, it exposes the privatised, debt-based monetary system that gives banks the power to create money, shape the economy, cause crises and push house prices out of reach. Fact-based and clearly explained, in just 60 minutes it shows how the power to create money is the piece of the puzzle that economists were missing when they failed to predict the crisis. Produced by Queuepolitely and featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the "HBOS Whistleblower" Paul Moore, Simon Dixon of Bank to the Future and Sargon Nissan and Nick Dearden from the Jubliee Debt Campaign, this is the first documentary to tackle this issue from a UK-perspective, and can be watched online now. Visit the website.