Heterodox Economics Newsletter

Issue 163 May 06, 2014 web pdf Heterodox Economics Directory

Today an international student initiative published an open letter calling for a more pluralist and open-minded approach to economic teaching and research. I think we should applaud these students, who come from 19 different countries, for their efforts: They make a sensible and timely contribution to the discourse on economics, which has partly already been covered by leading newspapers (e.g. here [english], here [french] or here [german]). You may sign up as a supporter of the manifesto on their homepage in case you have not already done so. In any case, I strongly recommend to support this student petition!

In addition, I have been informed that the presence of heterodox economics on the world's most important social media platform, Facebook, has been significantly improved. You can check out the site on Facebook, which offers regular updates on interesting news, papers, conferences etc. This improvement of the heterodox economics facebook-site is thereby another development driven by the enthusiasm of economic students, where Payam Sharifi, an econ-student at UMKC, burdened the main workload.

There are also some news from the textbook front: Dollars & Sense has published new editions of their well-known textbooks Real World Macro(31st ed.) and Real World Micro (21st ed.) and Elsevier has released an voluminous heterodox microeconomics textbook by Elsner, Heinrich and Schwardt. Additionally, Adbusters has released a critical introduction into the subject of economics entitled Meme Wars: The Creative Destruction of Neoclassical Economics - this interesting contribution is available as a free pdf to all subscribers of this Newsletter: Simply send an email to kono@adbusters.org, if you want to request a copy.

All the Best,


© public domain

Table of contents

Call for Papers

"Crises and Resistance in Central and Eastern Europe": Calls for Papers (Warsaw, 2014)

22-23 November, 2014 | Warsaw University, Poland

The year 2014 marks twenty-five years since the end of Communism in Central-Eastern Europe (CEE) and ten years after the enlargement of the European Union into the region. To mark this event Debatte: Journal of Contemporary Central and Eastern Europe is planning to hold a conference on 22-23 November at Warsaw University entitled ‘Crises and Resistance in Central and Eastern Europe’.

These anniversaries are significant landmarks in the history of Central and Eastern Europe (CEE) and the continent as a whole. However, even more importantly, they occur during a time of intense economic and political difficulties in Europe. The economic crisis has brought a prolonged economic downturn that has worsened the living standards of its populations and brought political uncertainty and instability. The crisis has hit CEE particularly hard, shaking the neo-liberal economic model that has dominated over the past quarter of a century, and sparking a wave of instability as well as resistance that has spread throughout the region. The most notable events have taken place in Ukraine from November 2013 onwards but we have also seen significant unrest in countries like Bulgaria, Romania, Slovenia and Bosnia-Herzegovina among others. On the other hand, in some countries such as Poland and the Baltic States neo-liberal commentators have claimed that a relatively strong economic recovery has taken place which shows the strength of the region’s economic model

It is in this context that we have planned this conference and invite anyone interested in participating to submit a paper or a proposal for a session. Debatte is a journal published by Taylor and Francis that seeks a radical critical analysis that is sympathetic to democratic, labour, feminist and ecologist movements in CEE. In 2009 we organised a successful conference in London on the twentieth anniversary of the fall of Communism. We hope our 2014 event will provide a forum for bringing academics and activists together to discuss the current economic and political climate in the region, look at how progressive social and political movements are responding to it and map out alternatives to the neo-liberal order.

Among the areas that we plan to discuss at the conference are:

The conference will consist of two plenary sessions together with a series of workshops held in parallel.
If you would like to propose a panel or offer a paper for a workshop then please contact debatteconference@yahoo.co.uk as soon as possible.

Proposals for panels and abstracts of proposed papers must be received by 1 July 2014. Abstracts should be 300 words or less.
When sending an abstract or proposal please include an e-mail address for correspondence.

We plan to publish at least one special issue of Debatte based on papers presented at the conference. If you would like your paper to be considered for publication in the journal please submit a full draft by 1 October 2014.

The languages of the conference will be English and Polish and we will be arranging translation between these two languages at the conference. Abstracts and papers should be submitted in one of these two languages.

We want the conference to be accessible to as many scholars and activists as possible from the region. The Rosa Luxemburg Foundation, which is supporting the conference, has provided funds to help with travel and accommodation costs specifically for those coming to the conference from Central and Eastern Europe (including Poland apart from Warsaw itself). These funds are limited and will be allocated on the basis of need. If you would like to apply for help with such costs then please do let us know at the address above.

Admission to the conference will be free but we will be asking those with institutional support to pay a fee of £80.

Further information about the conference can be found on the Debatte website.

11th Annual Historical Materialism London Conference: "How Capitalism Survives" (London, 2014)

6-9 November, 2014 | Vernon Square, Central London

This year marks the first of a series of centennial commemorations and anniversaries, starting with that of the first worldwide inter-imperialist conflict. Centuries of colonialism and imperialism served as a preparatory phase for the catastrophe. Indeed, while the main parties of the Second International trampled the revolutionary socialist tradition in trench-mud, the First World War destroyed the illusion that imperialist violence could be wreaked on the colonies while leaving Europe untouched. If capital came into the world ‘dripping from head to toe, from every pore, with blood and dirt’, Marx’s analysis of ‘primitive accumulation’ has certainly not been confined to a pre-history of capital.

And yet, contrary to all expectations, despite these tremors and shocks, despite the terrifying glances into the abyss of destruction, capitalism has survived. Not only has capital muddled through; it has mutated, adapted and, by some criteria, emerged stronger than before. At the same time, however, new contradictions and crises have appeared, expanding the spaces of critique to the ecological and the ideological terrains and opening up new possibilities of revolutionary breakthrough.

In recent years, the crisis and the movements emerging in response have re-opened an opportunity to envision, and fight for, substantive alternatives. But these movements have remained fragmented and have faced increasing state repression and imperialist aggression. And the on-going crisis is now raising the stakes. It is clear that this crisis is indeed global, leading to deepening austerity in the North and undermining the conditions for sustained growth in the South. If, in the North, the ‘war on terror’ manifests itself in intensified state racism and Islamophobia, the crisis is also intensifying and bringing to the surface underlying international rivalries. The winds of war from the South are reaching Europe once again. But from the South, movements worldwide also bear witness to countless examples of struggle and resistance.

At this year's conference, we want to explore capital's capacity to survive in order to explore, first and foremost, how it can be overcome. We are interested in investigating contemporary geographical reconfigurations of accumulation and interrogating theories of imperialism, hegemonic succession, and capital’s tendencies towards increasing inter-state rivalries. On the other hand, we want to delve into theories and practices of class struggles, social movements and resistance which create possible alternatives to neoliberalism, crisis and war by constantly challenging the smooth reproduction of capitalism in its gendered, social, economic, political, racial, ecological, cultural and ideological dimensions. In doing so, we also want to enrich our understanding of a Marxian analysis of ‘core’ and ‘periphery’ with an analysis of current developments of Marxism in the South in general and in the BRICS economies in particular. We also hope to continue the theme on Race and Capital inaugurated last year.

We welcome abstract proposals of 200 words on these themes or any others, in all disciplines, from all continents and from all perspectives within Marxism. The deadline for proposals is 15th May 2014.

Please register your abstracts here.

Separate calls go out for the following streams: Marxism and Feminism, and Ecology and Climate Change.

12th Annual Global Studies Association Conference on "Globalization: The End of U.S. Hegemony?" (Chicago, 2014)

6 - 8 June, 2014 | Loyola's Water Tower Campus, Chicago, US

Conference sponsored by the Department of Sociology of Loyola University.

Venue: Loyola's Water Tower Campus in downtown Chicago near the Magnificent Mile.

Keynote speakers include: Arnold August, McGill University; Beverly Silver, John Hopkins University; Lisa Brock, Arcus Center for Social Justice Leadership; Mark Weisbrot, Center for Economic and Policy Research; Jesus Rodriguez-Espinoza, Consul General of Venezuela in Chicago. Plus Keynote panels on China, Latin America, Europe and Global Labor.

We will consider all abstracts on the topic of globalization. The GSA is a multi-disciplinary organization, therefore all relevant topics from any academic area or from activists are of interest.

Please send a 100-word abstract in the body of an email with the subject line GSA Conference Abstract to Jerry Harris at gharris234@comcast.net. Include your name, affiliation, and active email address.

Deadline for abstracts is May 16, 2014.

For more conference information please visit the conference website.

12th Annual International Conference on Politics & International Affairs (Athens, 2014)

16-19 June 2014 | Athens, Greece

The Politics & International Affairs Research Unit of the Athens Institute for Education and Research (ATINER) will hold its 12 Annual International Conference on Politics & International Affairs, 16-19 June 2014, Athens, Greece. For further details (including previous programs), please go to the conference website. The registration fee is €300 (euro), covering access to all sessions, two lunches, coffee breaks and conference material. Special arrangements will be made with a local luxury hotel for a limited number of rooms at a special conference rate. In addition, a number of special events will be organized: A Greek night of entertainment with dinner, a special one-day cruise in the Greek islands, an archaeological tour of Athens and a one-day visit to Delphi.

The aim of the conference is to bring together academics, researchers, students and professionals in private and public organizations and governments of Politics and International Affairs and other related disciplines. You may participate as panel organizer, presenter of one paper, chair a session or observer.

If you think that you can contribute, please submit a 300-word abstract by 28 April 2014, by email, atiner@atiner.gr to: Dr. IoannisStivachtis, Head, Politics & International Affairs Research Unit, ATINER and Director, International Studies Program Virginia Tech - Virginia Polytechnic Institute & State University, USA. Please include: Title of Paper, Full Name (s), Current Position, Institutional Affiliation, an email address and at least 3 keywords that best describe the subject of your submission. Please use the abstract submitting form available here.

Announcement of the decision is made within 4 weeks after submission, which includes information on registration deadlines and paper submission requirements. If you want to participate without presenting a paper, i.e. organize a mini conference or a panel (session), chair a session, evaluate papers to be included in the conference proceedings or books, contribute to the editing of a book, or any other contribution, please send an email to Dr. Gregory T. Papanikos (gtp@atiner.gr), President, ATINER.

The Athens Institute for Education and Research (ATINER) was established in 1995 as an independent academic association with the mission to become a forum, where academics and researchers - from all over the world - could meet in Athens to exchange ideas on their research and to discuss future developments in their disciplines. Since 1995, ATINER has organized more than 200 international conferences, symposiums and events. It has also published approximately 150 books. Academically, the Institute consists of five Research Divisions and twenty-three Research Units. Each Research Unit organizes an annual conference and undertakes various small and large research projects. Academics and researchers are more than welcome to become members and contribute to ATINER's objectives. The members of the Institute can undertake a number of academic activities. If you want to become a member, please download the form (membership form). For more information or suggestions, please send an email to: info@atiner.gr.

Currently, ATINER is upgrading its system of mailing list. Please let us know if you want to receive emails from us. Typically, we will not send you more than 5 email alerts per year.

12th International Post-Keynesian Conference: "Where Do We Go From Here?" (Kansas City, 2014)

25-28 September, 2014 | Kansas City

CfP Deadline Extension to July, 1th, 2014.

This year's conference will address all of the traditional areas of research covered by Post Keynesian and other heterodox appr oaches to economics. We especially encourage paper orpanel submissions in the following areas:

Co-sponsored by UMKC, Journal of Post Keynesian Economics Levy Economics Institute & the Ford Foundation

Keynotes by:

Please send proposed paper title and abstracts (maximum 400 words) by July 1, 2014 to Avi Baranes, email: aib7d4@mail.umkc.edu

Conference registration will begin June 1. Hotel and Registration details will follow soon.

Conference on "Hayek, Keynes and the crisis: Analyses and Remedies" (Paris, 2015)

22-24 January, 2015 | Université Paris-Sud, France

Venue: Amphithéâtre Vedel, Université Paris-Sud, Faculté Jean Monnet, 54 Bd. Desgranges, 92330 Sceaux, France (near Paris)

The controversies between Hayek and Keynes began in 1929 when Hayek, then a Privatdozent at the University of Vienna, gave lectures at the LSE. The opposition appeared in their respective books Prices and Production, Monetary Theory and the Trade Cycle, A Treatise on Money and their comments on these books published in journals. Keynes was in favour of an active monetary and fiscal policy, while Hayek thought that money has to be neutralised in order to respect the natural rate of interest and the structure of capital. The controversies continued about the ways to finance the war and the financial system to be established after the war, but both men agreed about the free enterprise. After Keynes' death, there was an alliance between neoclassical theory and bastard keynesianism, that has eclipsed the economic thinking of Hayek. But in recent decades the decline of keynesianism has awoken hayekienism.

The object of the conference is the controversies between Hayek and Hayekians on one side and Keynes and Keynesians on the other side. These controversies are numerous and various since the ideas of Keynes and Hayek have varied. E.g. the money of the Treatise is not the money of the chapter 13 of the General Theory and the money of Prices and Production or Monetary Theory and the Trade Cycle is not the money of Denationalisation of Money and that the ideas of Keynesians and Hayekians are even more numerous.

Therefore the scope of the conference is a priori very large. The scientific committee will study every proposition that may refer to the debate Hayek-Keynes: these propositions may refer to theory and methodology, to history, to economic policies, to the 30's, to the problems of the present crisis...

The committee includes Post-Keynenesian and Hayekian colleagues. It will select 12 propositions coming from Keynesians and 12 coming from Hayekians and will group them by subject in order to organize debates between the two schools. We remind that Keynes and Hayek, albeit very opposite in ideas, had very cordial relationships. We hope it will be the same for Keynesians and Hayekians during the conference

Important dates:

The conference is organized by the Research Centres of the Université Paris-Sud “Collège d'Etudes Interdisciplinaires” and “Réseaux Innovation Territoires et Mondialisation” and sponsored by the International Journal of Political Economy (ed. M. Seccareccia), the Review of Keynesian Economics (ed. T. ¨Palley, L.-P. Rochon and M. Vernengo), the book series “New Directions in Post-Keynesian Economics”, published by Edward Elgar (ed. L.-P. Rochon and S.Rossi), the Association pour le Développement des Etudes Keynésiennes and the Association Française d'Economie Politique.

Federal Reserve System Community Development Research Conference on "Economic Mobility" (Washington, 2014)

2-3 April, 2015 | Washington Marriott Wardman Park, Washington D.C., US

Topic: "Economic Mobility: Research & Ideas on Strengthening Families, Communities & the Economy"

The Community Affairs Officers of the Federal Reserve System welcome your interest in submitting a paper for the ninth biennial Federal Reserve System Community Development Research Conference.

Over the years this unique event has aimed to bridge the gap between research, policy and practice on key issues facing the country. The 2015 conference seeks to inform a robust public conversation about economic mobility.

High-quality and emerging research will be presented in a dialogue with policymakers and community practitioners who can utilize the lessons gleaned from research. The conference organizers hope to use the broad theme of economic mobility to advance our understanding about how people and communities get ahead, where impediments exist, how factors such as inequality play a role and what has changed over time.

Deadline to submit abstracts: September 8, 2014

For more information please visit our website.

Please direct any questions to economicmobility@stls.frb.org or 314-444-8761.

Forum for Social Economics: Special Issue on “The US Minimum Wage Controversy: Thinking Outside the Box”

In early 2014, an open letter signed by 600 economists urging President Obama and US Congressional leaders to raise the minimum wage was published in the New York Times refuting the classic economic “job killer” argument. More recent empirical evidence suggests that spending those additional wages would stimulate the economy, raise demand and result in job growth.

Subsequently, an anti-labor think-tank accused eight of the 600 signatories of Communist leanings and therefore unqualified to advocate an increase in the minimum wage. Those named openly decried such red-baiting as damaging to the public discourse and urged politicians, economists and the public to start thinking about the minimum wage controversy outside the box.

While red baiting may be uniquely American, the minimum wage controversy is not. The Irish minimum wage faces cuts following the 2008 crash in an effort to make Ireland “more competitive”. In 2012, Greece cut its minimum wage while unemployment still hovers around 60%. Indian workers are required to work 347 minutes at minimum wage to purchase a Big Mac. Scandinavian countries don’t have a national minimum wage because they are highly unionized, leading to strong and harmonious cooperation between employees and labor. What box have they been thinking outside of?

It is in that very spirit that Forum for Social Economics invites contributors from around the world who have thought beyond the confines of economic orthodoxy with regard to the minimum wage. This open, international special issue will explore the minimum wage matter from the varied viewpoints of economists, political scientists, sociologists and ethicists, welcoming perspectives on cultural imperatives, institutional framework, socio-economic history and political motives behind the attitudes and policies governing low-wage workers. We welcome manuscripts from around the world that offer international, national, regional, comparative or theoretical perspectives.

These may employ a wide selection of tools including macro-modeling, calculations and simulations of the differential effects of (no) minimum wage. Contributions may embrace comparative research, institutional analysis, historical investigation, qualitative inquiry, political economy, or even experimental research. Our venture in “thinking outside the box” is an opportunity to beneficially influence national discourse and public policy.

Key Themes


Innovative and clearly written manuscripts are subject to the Forum’s double-blind review process. The maximum length of original research articles is between 6,500 and 8,500 words. The length for shorter papers such as review articles is no longer than 4,000 words. An abstract of 150 words should accompany the manuscript. The main document must not disclose the identity of the author. For additional guidelines and procedures please see our Instructions to Authors at the publisher’s website

For further information on this Special Issue, please contact the Special Issue Editor: Professor Cecilia Winters, Co-Editor/Forum for Social Economics: cecilia.winters@comcast.net

Historical Materialism Australasia 2014: "States, Social Reproduction and Capital" (Sydney, 2014)

5-6 September, 2014 | Sydney, Australia

We call this conference in a historical moment marked, at the level of public discourse, above all by uncertainty in the face of a continuing crisis of both capitalist production and the ideological, political and social forms that have hitherto underpinned it. This uncertainty is expressed, implicitly or explicitly, not just by the managers, functionaries and prognosticators of capital and state, but also by those movements that claim to systemically oppose it. Additionally, our conference coincides with the centennial of the outbreak of World War I.

Eulogies to bravery aside, this conjuncture – of present distemper and historical disaster – allows us to ask again, and hopefully ask differently, many of the questions considered central to the broad Marxist tradition. The Great War, for many in that tradition, marked the spectacular limit point or exhaustion of a particular configuration of capital accumulation, the result of which – as figures as preeminent as Engels had prophesied – could only be bloody. To what extent do we face a similar limit point today, even if we have thus far been spared the scale of sacrificial slaughter of that previous one?

This question cannot be answered by scholars and activists operating in isolation; instead, it requires sustained theoretical and practical activity across virtually the entire field of Marxist research and practice: the critique of political economy opening out to critiques of the state; examinations of the relationship between the state, capital, and the social movements that contest both; investigations into the specificity of class and its relation to other structural forms of oppression; considerations of the nature and form that a communist revolution will take today (1914 marking too, of course, the failure of one such conception); interrogations of the relevance of imperialism and settler colonialism to the current conjuncture; and critical analyses of the production of nature on a world-scale. To answer or even just correctly pose these questions requires an engagement with Marxism’s multifarious inheritances, but will also imply openness to new data, integration with the experience of new social struggles, and fresh theoretical perspectives informed by these.

We ask for submissions of 250 word abstracts for papers on these and other topics that engage with this broader tradition, critically or otherwise; panel proposals should include short abstracts for each paper coupled with an outline of the panel as a whole. We especially welcome contributions from activists and scholars outside of (or peripheral to) the academy. All submissions should be emailed to hmaustralasia@gmail.com by July 1st.

More information is available at the conference website.

International Labor and Working-class History: Special Issue on "Precarious Labor in Global Perspective"

We invite abstracts for this ILWCH special issue focused on the dynamics and history of precarious work around the world in global context. Definitions of precarious work vary, but a wide range of observers agree that in many settings jobs have become worse in terms of employment security, access to social benefits, and protection of labor rights. This is especially true in the Global North, where the 1970s marked the beginning of a shift away from relatively stable postwar labor relations based on long-term employment (along with highly gendered employment patterns) and a developed welfare state. Numerous analysts have explored these changes in work, including the International Labor Organization’s many publications on precarious and decent work; Arne Kalleberg in Good Jobs, Bad Jobs; Tony Avirgan et al. in Good Jobs, Bad Jobs, No Jobs, Françoise Carré et al. in Are Bad Jobs Inevitable?; and many others.

We seek articles that examine the dynamics and history of precarious work, focused on where, how, and why it has emerged, how contemporary precarious work differs (or not) from earlier low quality and unstable work (including work in the Global North before the Fordist era), the link between precariousness and long-term changes such as globalization and neoliberalism, as well as whether and how shorter-term effects such as the recent global slowdown have altered work’s character. Our goal is to include analyses from around the world and different eras that place precarious work in a global historical context. In addition to analyses from the Global North, we especially welcome studies from the Global South, NICs, BRICs, transitional economies, and others, including cases where precarious work may be receding due to economic, social, and political change. We are particularly interested in articles, including comparative ones, that examine connections between precariousness and changes in the global division of labor, forms of business organization, configuration of geopolitics, and immigration flows, as well as counter-movements of regulation and resistance. Though changes in public sector employment are noteworthy in many countries, we will limit our attention to the private sector to sharpen the issue’s focus.

Possible topics for articles include, but are not limited to, the following themes:

Prospective authors should send a letter and an abstract of no more than 500 words of work they wish to submit to the journal. Editors will determine whether the proposed work fits thematically in an upcoming issue.

The deadline for abstracts is June 1, 2014. Style and submission guidelines will be sent to authors whose work the editors wish to review.

Send correspondence to:

Editor, International Labor and Working-Class History
c/o The Harry Van Arsdale Jr. Center for Labor Studies
SUNY Empire State College
325 Hudson Street
New York, NY 10013

or via e-mail to: ILWCH@esc.edu, Sarah.Mosoetsa@wits.ac.za, stillerman.joel6@gmail.com, tilly@ucla.edu.

Moral Philosophy and Politics: Symposium on ethical limits of markets

Articles to be published in Moral Philosophy and Politics (Link is available here).

Claims about the dominance or “hegemony” of the market abound in contemporary discourse, yet there remain areas of social life in which goods are not produced and/or allocated via markets. There are also areas of social life in which the market mechanism operates but is contested. The editors of Moral Philosophy and Politics invite high quality submissions which examine questions such as:

Commentaries and critiques of recent literature on the limits of markets are also welcomed.

Submissions are to be received via the journal’s manuscript submission site by 1st January, 2015.

Research in Political Economy: Call for Papers on "Geopolitical Economy: States, Economies and the Capitalist World Order"

The Research in Political Economy, Volume 30 (2015), edited by Radhika Desai, is now open for paper proposals.

This issue advances geopolitical economy as a new approach to the 21st century world order of multipolarity and its genesis. They cannot be explained by recently dominant approaches such as ‘U.S. hegemony’ or ‘globalization’ which treat the world economy as a seamless whole in which either no state matters or only one does. For not only are today’s ‘BRICs’ and ‘emerging economies’, the authors of multipolarity, instances of state-led contender or combined development, they are only the latest in a long history of such development that has challenged the unevenness of capitalism and the international division of labour it created and spread productive capacity ever more widely.

In geopolitical economy the role of states in developing and regulating economies is central. States’ mutual interactions – conflicting cooperative and collusive – and the international order they create are understood in terms of the character of national economies, their contradictions, and the international possibilities and imperatives they generate. Geopolitical economy as an approach to the world order is clearly anticipated in classical political economy up to and including Marx and Engels, though this becomes clearest if we take a fresh look at it untainted by neoclassical economics and associated discourses of neoliberalism, globalization and hegemony. Further intellectual resources for geopolitical economy include the classical theories of imperialism, the theory of uneven and combined development as well as 20th century critics of neoclassical economics such as Keynes, Kalecki, Polanyi, Minsky and the developmental state tradition going back to List and Serra and forward to Amsden and Wade.

Papers that investigate any aspect of the world order, its theories or its historiography – whether contemporary or historical – in a way that relates to geopolitical economy as described above, or poses important objections to it, are welcome for consideration.

A non-exhaustive list of potential themes would include:

Proposals should be sent to Radhika.Desai@umanitoba.ca by 1 October 2014.

Proposal Acceptances will be sent out by 15 October 2014.

Papers will be due by 1 December 2014.

Review of Keynesian Economics: Special Issue on Innovations in Economic Education

The Review of Keynesian Economics is seeking papers of various types related to Innovations in Economic Education that help advance student understanding of the economic process, the forces shaping macroeconomic and microeconomic performance, and appropriate policy options to increase economic welfare. Articles should clearly stress a heterodox economic tradition (e.g., social economics, institutional economics, post-Keynesian economics, Marxian economics, Feminist economics, etc.) with an emphasis on how that tradition can advance economic education in a Keynesian tradition. Where appropriate, articles should document the effectiveness of the teaching approach described in the article. Thus, authors should make sure to include documentation of their assessment of the teaching exercises they discuss.

Guest Editors:

Papers can be short (1500-3000 word) descriptions of classroom exercises or the application of particular pedagogies (e.g., collaborative learning, service learning, active learning, web based interactive exercises) to teach heterodox economics. Submissions can also be longer, in-depth articles (up to 7500 words) which explore a particular pedagogical issue, assess student learning outcomes, or address other teaching issues related to heterodox economics.

Please specify that your paper is for the symposium on Innovations in Economic Education. The deadline for manuscript submission is May 15, 2015.
Articles must be in final form by January 31, 2016. The symposium will appear in July 2016.

Papers will pass a double-blind referee process and are subject to the final approval of the Editors of the Review of Keynesian Economics.

Routledge-Book Series on "Property Rights": Call for Proposals

I have been invited by Routledge to develop a book series on Property Rights as a joint Routledge / UTS: APCCRPR venture. As we all know, 'Property Rights' is a broad term that is fundamentally about social relations. Real property rights, obligations and restrictions can be found in and change across the full range of human societies, both in time and space. Property rights research has emerged from a broad range of disciplines including archaeology, anthropology, ethics, sociology, psychology, law, geography, history, philosophy, economics, planning, and business studies.

I am seeking proposals for independent monographs, as well as chapter contributions towards a particular theme. Currently, collaborative edited book themes include, but are not limited to:

The series also enables you to take primary editorship of a particular volume in the series and pull together complementary authors, if you are interested. It is not limited to UTS: APCCRPR research, but aims to draw in property rights contributions internationally. All books (and chapter contributions) will be double blind reviewed. Please let me know if you are interested in contributing (ideally flagging your interest by the end of April) and we can discuss the way forward. Some volumes will be scheduled for publication in 2015, but a longer trajectory for delivery is also welcome.

For more information contact: Professor Spike Boydell PhD FRICS FAPI FIVEM Director, UTS: Asia-Pacific Centre for Complex Real Property Rights Professor of the Built Environment, Faculty of Design Architecture & Building, University of Technology, Sydney Tel +61 2 9514 8675 Fax +61 2 9514 8777 Email: spike.boydell@uts.edu.au, further information on the website.

Symposium on "Green Growth in Tokyo" (Tokyo, 2014)

25-26 July, 2014 | Tokyo, Japan

We invite early career-researchers to submit papers to a symposium on Green Growth and Global Environmental Change. Financial support is provided by the Asia-Pacific Network for Global Change Research (APN-GCR), for participants from its member countries (Australia, Bangladesh, Bhutan, Cambodia, China, Fiji, India, Indonesia, Japan, Lao People’s Democratic Republic, Malaysia, Mongolia, Nepal, New Zealand, Pakistan, Philippines, Republic of Korea, Russian Federation, Sri Lanka, Thailand, United States of America, and Viet Nam).

The workshop will be jointly organized by the United Nations University Institute for the Advanced Study of Sustainability (UNU-IAS) Tokyo, on 25th and 26th July 2014. A grant from APN, the finer points of which are still to be confirmed, will enable us to support travel and accommodation expenses for accepted participants. The level of support will be determined shortly, once the grant details are confirmed.

Key Dates

The workshop will include presentations by scholars in the field and presentations by early-career participants. Invited researchers include Ricardo Abramovay, Steffen Boehm, John Byrne, John Crowley, Ulrich Hoffmann, Ashish Kothari, Larry Lohmann, Birgit Mahnkopf, Juan Martinez-Alier, James Meadway, Adrian Parr, Anne Posthuma, Sun-jin Yun, Participation by some of them is tbc.

Application and Selection Criteria

By early-career researchers is meant those who have currently advanced to candidacy in their PhD programs or those who completed their PhDs after January 1st 2009, as well as policy practitioners and policy advocates, broadly defined, including members of social movements, with less than five years of professional experience.

Applications should include the following:

  1. Abstract of the paper to be presented (ca. 250 words);
  2. Summary of research interests and/or engagement with relevant policy processes, policy advocacy and social movements (ca. 500 words)
  3. Curriculum vitae (4-pages max.)

Please email your applications by May 15th to: fueta@unu.edu

The selection criteria include:

The Erasmus Journal for Philosophy and Economics invites submissions

The Erasmus Journal for Philosophy and Economics invites submissions on the methodology, history, ethics, and inter-disciplinary relations of economics.

For details on submissions and to read previous issues, visit http://ejpe.org.

Call for Participants

FESSUD Annual Conference on "Understanding and responding to the financial crisis" (Warsaw, 2014)

16-17 October, 2014 | JM Hotel, Warsaw, Poland

The aftermaths of the financial crises of 2007/09 continue. This conference will focus on understanding the causes and consequences of the financial crisis and the role of financialisation in the financial crisis. It will be concerned with the policy agendas towards the financial stability through regulation and macroeconomic policies.

The conference includes sessions in which FESSUD (Financialisation, Economy, Society & Sustainable Development) researchers present and debate their research findings, panel discussions on policy responses and key note speakers on reforms of the financial system.

The conference sessions include:

Conference fees:

Registration details will be available on the FESSUD web site from 26th May.

Venue: JM Hotel Warsaw Poland

The FESSUD project is funded by the European Union under Framework Programme 7 (theme SSH) for research technological development and demonstration under grant agreement no. 266800.

Detailed information is available here in .pdf format.

IIPPE Training-Workshop on "The Political Economy of Finance" (London, 2014)

9 June, 2014 | School of Oriental and African Studies, London, UK

Confirmed speakers include Simon Mohun and Tony Norfield. The morning will focus on productive and unproductive labour, and then what Marx had to say about interest and the rate of interest.

The afternoon will focus on the relevance of the contribution of Hilferding, followed by a critical survey of some contemporary approaches to financial appropriation, against the empirical backdrop of the importance of finance in the contemporary world.

We seek an audience of undergraduate and postgraduate students, junior academics and activists, who have a particular interest in acquainting themselves with the relevance of Marxian political economy to the world of finance.

If you wish to apply to attend this workshop, please send a note to that effect, before Thursday 15 May with your name and occupation/affiliation, to Serap Saritas (548340@soas.ac.uk).

This workshop is organized by the International Initiative for Promoting Political Economy (IIPPE) and has a small amount of financial support from the Amiel and Melburn Trust to cover reasonable travel costs within the UK from outside London.

IIPPE Training-Workshop on "The Political Economy of Value and Price" (Naples, 2014)

15 September, 2014 | Università degli Studi di Napoli “L’Orientale”, Naples, Italy

The one-day workshop on "The Political Economy of Value and Price" takes place the day before the IIPPE Annual Conference in Naples and is also organised by the IIPPE.

Confirmed speakers include Simon Mohun and Marco Veronese Passarella. The morning will focus on the labour theory of value and Marx’s account of the formation of prices of production. The afternoon will focus on some contemporary Marxist approaches to value and price.

We are seeking an audience of undergraduate and postgraduate students, junior academics and activists, who could be attending the IIPPE Annual Conference, and have a particular interest in acquainting themselves with some of the basic principles of Marxian political economy and its controversies. If you wish to apply to attend for this workshop, please send, before 30 June 2014, your name and occupation/affiliation, to s.mohun@qmul.ac.uk.

Post Keynesian Study Group Annual Workshop (London, 2014)

30 May, 2014 | SOAS, Vernon Square, Room V211, London, UK


09.30 - 10.00

10.00 - 12.00 Panel 1

12.00 - 13.30

13.30 - 15.30 Panel 2

15.30 - 16.00

16.00 - 18.00 Panel 3

19.30 Dinner

The conference is free of charge. PKSG will provide coffee from 9.15 and in the afternoon break

Please register by sending an email to Jo Michell, jo.michell@uwe.ac.uk, ideally indicating if you will join us for dinner.

Science, Politics, and the Economy – The Unintended Consequences of a Diabolic Paradox (Rotterdam, 2014)

6 June 2014 | Erasmus University Rotterdam, The Netherlands

2014 marks the 300th anniversary of the publication of Bernard Mandeville’s Fable of the Bees, or Private Vices, Public Benefits and the Centennial of Erasmus University Rotterdam. Since 1988, the Foundation Bernard Mandeville (including Erasmus University and the Rotterdam business community) yearly honours a person with major social merits with the so-called prestigious Mandeville Lecture.

To celebrate both events and in honour of one of Rotterdam’s most famous citizens, Erasmus University will host an international conference on the work of Mandeville: its historical and intellectual context, and its contemporary relevance. The conference will take place Friday 6 June 2014 at the M-building of the Erasmus University Rotterdam.

We are proud to present three distinguished speakers to address the different contexts of Mandeville’s work:

The conference aims to bring together scholars from the history of science and medicine, social and political science, philosophy and economics to assess Mandeville’s work and his lasting influence.

The conference fee is €20,- and €10,- for students. Please visit the conference website for the preliminary programme, registration and further information.

Conference Papers, Reports, and Podcasts

Beyond Bankruptcy: Project Launch & Conference Report

Detroit Bankruptcy & Beyond, hosted by Haas Institute for a Fair and Inclusive Society, Keith Center for Civil Rights, and Metropolitan Organizing Strategy Enabling Strength (MOSES), was a great success! A large group of organizers, policy makers, community members, and researchers joined the convening. On the agenda was the status of municipal financial distress and bankruptcy, and the creation of strategies to address those causes and build community power.

This conference served as the launch of Beyond Bankruptcy, a project intending to address the 28 cities that have filed for bankruptcy since 2008. The work accomplished through the project, applies to the multitude of cities facing financial distress.

This longer term project creates a network of organizers, researchers, community members, and advocates across multiple locations. The collective effort includes reframing the dominant narrative of municipal distress that is typically limited to local management. A responsible narrative includes the connections to the housing crisis, the culpability of investment actors, and the effects on municipal budgets, patterns of concentrated poverty, and racialized histories.

Additionally, the project's network is creating, refining, and advancing community strategies to meet their city's financial distress in ways to create and build community power.

Review the conference & project launch document here.

Job Postings

Institute for Health and Socio-Economic Policy, Canada

The National Nurses United is offering two job opportunities:

1. Research Analyst Positions

National Nurses United, AFL-CIO (NNU) seeks experienced research analysts to work in its research arm, the Institute for Health and Socio-Economic Policy. NNU, the nation’s largest nurses’ union and professional association, leads the Registered Nurse movement to transform the market-driven healthcare industry into a health care system driven by patient needs. NNU has negotiated the best Registered Nurse collective bargaining contracts in the nation and provided critical leadership in the AFL-CIO’s decision to endorse a single-payer healthcare system based on updating and expanding Medicare benefits for all Americans.


Research areas include the political economy of healthcare restructuring and the clinical and technological impacts of healthcare restructuring on both patients and the Registered Nurses who provide their care.

The ideal candidate will have the following qualities:

The positions are based in the San Francisco Bay area and offer an excellent salary and benefits package that includes a pension and full family medical and dental coverage, including coverage for domestic partners. These positions are open until filled.

To Apply

Please submit a résumé, cover letter, and writing sample in PDF or Word format and complete the online application form here.

2. Educator Positions

National Nurses United, AFL-CIO (NNU) seeks experienced educators to work in its research arm, the Institute for Health and Socio-Economic Policy. NNU, the nation’s largest nurses’ union and professional association, leads the Registered Nurse movement to transform the market-driven healthcare industry into a health care system driven by patient needs. NNU has negotiated the best Registered Nurse collective bargaining contracts in the nation and provided critical leadership in the AFL-CIO’s decision to endorse a single-payer healthcare system based on updating and expanding Medicare benefits for all Americans.


After appropriate orientation, educators design and teach one day courses on health care restructuring, issues impacting nursing practice, and basic principles of political economy for Registered Nurses. Additionally, educators may design and teach semester length courses for the National Nurses United-Department of Women's and Gender Studies joint online certificate program in Global Women’s Health Leadership at Rutgers, the State University of New Jersey. These are not traditional labor educator positions.

The ideal candidate will have the following qualities:

Highly desirable attributes include familiarity with the epistemological problematic inherent in computerized expert systems and the impact on worker control, workplace power and skill, labor process studies, complex organizational analysis, the philosophy of science generally, and the social aspects of technological design and implementation.

The positions are based in the San Francisco Bay area and offer an excellent salary and benefits package that includes a pension and full family medical and dental coverage, including coverage for domestic partners.

To Apply

Please submit a résumé, cover letter, and writing sample in PDF or Word format and complete the online application form at the link below. At your option, you may submit an outline of a one-day educational workshop and/or a one to three page description of the best training session, class or workshop you have conducted and the intended audience. Apply here.

King's College London, UK

The Department of European and International Studies, King's College London is inviting applications for a fixed term (12 month) Lectureship in International Political Economy (deadline May 15, 2014). For further particulars, please consult this website.

The fixed-term post is available to a successful candidate who will join a cluster of specialists in International Political Economy within the Department European & International Studies at King’s. Outstanding candidates working anywhere in the field are invited to apply, but they should be able to teach to the highest professional levels, inter alia, MA level modules on the political economy of oil and gas as well as a qualitative introduction to economics. The successful candidate will undertake the pastoral duties principally for postgraduate students on the MA in International Political Economy and contribute to the administration of the Department of European and International Studies. Furthermore, he or she will be expected to contribute to the development of a vibrant research environment for the Department at King's by publishing in the respective field at a high level. The post will be based at the newly refurbished Virginia Woolf Building, Strand site.

The appointment will be made, dependent on relevant qualifications, within the Grade 6 scale, currently £31,644 to £37,756 per annum, plus £2,323 per annum London Allowance.

For an informal discussion about the post please contact Dr Magnus Ryner by email on magnus.ryner@kcl.ac.uk.

Roosevelt University, US

Application Deadline extended to: May, 12th

The Department of Economics at Roosevelt University invites applications for a one-year visiting assistant professor position, with an annual teaching load of 8 courses, beginning Fall 2014.

Primary responsibilities will be teaching courses in Economic Development, International Trade, and the History of Economics. The remainder of the course load will be chosen from principles of economics courses and from the expertise of the candidate. Roosevelt has a long tradition of teaching and scholarship in economics from Heterodox perspectives and welcomes candidates working in that tradition. This position will also expected to participate in the intellectual and scholarly life of the Economics and International Studies programs.

An earned PhD or ABD in Economics or a related field is required.

All applications must be submitted online via the Roosevelt Careers website. Interested applicants should upload a letter of interest, CV, and list of three professional references. Letters of recommendation should be sent to Search Committee, Department of Economics, Roosevelt University, 430 S. Michigan Ave., Chicago, IL 60605. Discipline specific questions should be directed to the Chair, Gary Langer, glanger@roosevelt.edu. For optimal consideration apply by May 12, 2014. Applications will be accepted until the position is filled. Roosevelt University is an Equal Opportunity Employer and welcomes women, LGBTQ, disabled, veterans, international and minority-classified individuals as applicants for all positions.

Roosevelt University is an independent, non-profit, metropolitan university with two distinct campuses located in downtown Chicago and suburban Schaumburg, Illinois. With a rich history and progressive curricula featuring 126 degree programs, we are committed to the highest standards of academic excellence. Our award-winning faculty and dedicated staff take pride in pushing Roosevelt's remarkably diverse students to the limits of achievement, inspiring the transformation of lives and communities through the principles of social justice.


Science and Practice of Ecology & Society Award

The deadline for nominations for the Science and Practice of Ecology & Society Award is approaching.

This is an annual award given to the individual or organization that is the most effective in bringing transdisciplinary science of the interactions of ecology and society into practice.

The Award: The award consists of 1000 Euro and an article in Ecology and Society devoted to this person or organization. This article will be written by those who send in the nomination.

Where to submit nominations?

For more details on this competition please visit this website. More about the journal "Ecology & Society" is available here.


Challenge, 57 (3)

Jeff Madrick: Letter from the Editor

Dani Rodrik: The Past, Present, and Future of Economic Growth

Balkrishna C. Rao: Alleviating Poverty in the Twenty-First Century Through Frugal Innovations

Andrew Sum, Ishwar Khatiwada, Walter McHugh, Will Kent: Deteriorating Labor Market Fortunes for Young Adults

Heather Boushey: Capital in the Twenty-First Century, by Thomas Piketty

Reuven S. Avi-Yonah: Taxation and Inequality: A Case for the VAT

Leonard J. Santow: Twenty-First-Century Monetary Policy: The Federal Reserve Could Do Better

Mike Sharpe: Our Hidden Industrial Policy: A review of The Entrepreneurial State: Debunking Public vs. Private Sector Myths, by Mariana Mazzucato

Forum for Social Economics, 43 (1)


Irene van Staveren, Ellen Webbink, Arjan de Haan and Roberto Foa: The Last Mile in Analyzing Wellbeing and Poverty: Indices of Social Development

Edsel Beja Jr: Yet, Two More Revisions to the Human Development Index

Jennifer Moreale and John Levendis: IQ and Economic Development: A Critique of Lynn and Vanhanen

W. Parker Wheatley: Consumption, Credit, and Institutions: Using Field Research and Theory to Consider Poverty Alleviation

John Hall: Book review (Thorstein Veblen and His European Contemporaries, 1880-1940: A Study of Contemporary Sociologies)

International Journal of Political Economy, 42 (3)

Mario Seccareccia: The U.S. Federal Reserve System: A Retrospective: Editor's Introduction

Jane D'Arista: State of the Art: The U.S. Central Bank at 100

Edwin Dickens: The Political Economy of U.S. Monetary Policy: How the Federal Reserve Gained Control and Uses It

Peter Howells: The U.S. Fed and the Bank of England: Ownership, Structure, and "Independence"

Marc Lavoie, Mario Seccareccia: Reciprocal Influences: A Tale of Two Central Banks on the North American Continent

Eugenia Correa, Alicia Girón: U.S. Federal Reserve Monetary Policy and the First Crisis of Securitization: Mexico and Latin America, 1994-1995

Journal of Institutional Economics, 10 (2)

JUHA HIEDANPÄÄ and DANIEL W. BROMLEY:Payments for ecosystem services: durable habits, dubious nudges, and doubtful efficacy

MICHAEL A. ZAGGL: Eleven mechanisms for the evolution of cooperation

CHRISTOPHER J. BOUDREAUX: Jumping off of the Great Gatsby curve: how institutions facilitate entrepreneurship and intergenerational mobility

FARUK ÜLGEN: Schumpeterian economic development and financial innovations: a conflicting evolution

ANDREAS BERGH and CARL HAMPUS LYTTKENS: Measuring institutional quality in ancient Athens

DALIBOR ROHÁČ: Policy credibility and the political economy of reform: the case of Egypt's commodity subsidies

JAKOB KAPELLER and STEFAN STEINERBERGER: Modeling the evolution of preferences: an answer to Schubert and Cordes

CHRISTIAN SCHUBERT, CHRISTIAN CORDES and PETER J. RICHERSON: Reply to “Modeling the evolution of preferences: an answer to Schubert and Cordes” (JOIE-2013-195.R1)

Review of Radical Political Economics, 46 (2)

Victor D. Lippit: The Neoliberal Era and the Financial Crisis in the Light of SSA Theory

Deepankar Basu: Comparative Growth Dynamics in a Discrete-time Marxian Circuit of Capital Model

Ajit Sinha: On Marx’s Law of the Falling Rate of Profit: Disentangling Some Entangled Variables

Dong-Min Rieu, Keonbeom Lee, and Hyeon-Hyo Ahn: The Determination of the Monetary Expression of Concrete Labor Time under the Inconvertible Credit Money System

Corinne Perraudin, Héloïse Petit, Nadine Thèvenot, Bruno Tinel, and Julie Valentin: Inter-firm Dependency and Employment Inequalities: Theoretical Hypotheses and Empirical Tests on French Subcontracting Relationships

Özgür Orhangazi: Contours of Alternative Policy Making in Venezuela

Books and Book Series

A Precariat Charter: From Denizens to Citizens

By Guy Standing | 2014, Bloomsbury

Guy Standing's immensely influential 2011 book introduced the Precariat as an emerging mass class, characterized by inequality and insecurity. Standing outlined the increasingly global nature of the Precariat as a social phenomenon, especially in the light of the social unrest characterized by the Occupy movements. He outlined the political risks they might pose, and at what might be done to diminish inequality and allow such workers to find a more stable labour identity.His concept and his conclusions have been widely taken up by thinkers from Noam Chomsky to Zygmunt Bauman, by political activists and by policy-makers.

This new book takes the debate a stage further-looking in more detail at the kind of progressive politics that might form the vision of a Good Society in which such inequality, and the instability it produces is reduced.

A Precariat Charter discusses how rights - political, civil, social and economic - have been denied to the Precariat, and at the importance of redefining our social contract around notions of associational freedom, agency and the commons. The ecological imperative is also discussed - something that was only hinted at in Standing's original book but has been widely discussed in relation to the Precariat by theorists and activists alike.

Link to the book.

Spontaneous Order and the Utopian Collective

By Guinevere Liberty Nell | 2014, Palgrave

Vladimir Lenin, Leon Trotsky, and Nikolai Bukharin were the three leaders of the Russian Revolution who shaped the new society most, both through their theories and their political leadership. All three were motivated by the ideal of building a utopian collective. Once in power, they tirelessly tried to put their vision into practice, but the Soviet system that resulted was nothing like the one they tried to create.

In Spontaneous Order and the Utopian Collective, Nell takes her cue from the personal writings and documents of Lenin, Trotsky, and Bukharin to consider them anew from an Austrian theoretical perspective, analyze the divergence between theory and practice using a spontaneous order framework, and identify three interconnected prerequisites necessary for a utopian collectivist society. Nell then asks whether it might be possible to create this utopian collective somehow, and avoid the pitfalls of planning.

Link to the book.

Creating a Sustainable and Desirable Future: Insights from 45 Global Thought Leaders

Edited by Robert Costanza and Ida Kubiszewski | 2014, World Scientific

The major challenge for the current generation of mankind is to develop a shared vision of a future that is both desirable to the vast majority of humanity and ecologically sustainable. Creating a Sustainable and Desirable Future offers a broad, critical discussion on what such a future should or can be, with global perspectives written by some of the world's leading thinkers, including: Wendell Berry, Van Jones, Frances Moore Lappe, Peggy Liu, Hunter Lovins, Gus Speth, Bill McKibben, and many more.

Link to the book.

Critique, Social Media and the Information Society

Edited by Fuchs, Christian and Marisol Sandoval | 2014, Routledge

This book is an outcome of the 4th ICTs and Society Conference “Critique, Democracy, and Philosophy in 21st Century Information Society: Towards Critical Theories of Social Media”

In times of global capitalist crisis we are witnessing a return of critique in the form of a surging interest in critical theories (such as the critical political economy of Karl Marx) and social rebellions as a reaction to the commodification and instrumentalization of everything. On one hand, there are overdrawn claims that social media (Twitter, Facebook, YouTube, etc) have caused uproars in countries like Tunisia and Egypt. On the other hand, the question arises as to what actual role social media play in contemporary capitalism, crisis, rebellions, the strengthening of the commons, and the potential creation of participatory democracy. The commodification of everything has resulted also in a commodification of the communication commons, including Internet communication that is today largely commercial in character.

This book deals with the questions of what kind of society and what kind of Internet are desirable, how capitalism, power structures and social media are connected, how political struggles are connected to social media, what current developments of the Internet and society tell us about potential futures, how an alternative Internet can look like, and how a participatory, commons-based Internet and a co-operative, participatory, sustainable information society can be achieved.

Link to the book.

Information Technology and Socialist Construction: The End of Capital and the Transition to Socialism

By Daniel E. Saros | 2014, Routledge

The failure of command central planning in the twentieth century has led to a general disillusionment within the socialist movement worldwide. Some alternatives to capitalism have been proposed since the end of the Cold War, but none has offered an alternative form of economic calculation. This book explains how modern information technology may be used to implement a new method of economic calculation that could bring an end to capitalism and make socialism possible.

In this book, the author critically examines a number of socialist proposals that have been put forward since the end of the Cold War. It is shown that although these proposals have many merits, their inability effectively to incorporate the benefits of information technology into their models has limited their ability to solve the problem of socialist construction. The final section of the book proposes an entirely new model of socialist development, based on a "needs profile" that makes it possible to convert the needs of large numbers of people into data that can be used as a guide for resource allocation. This analysis makes it possible to rethink and carefully specify the conditions necessary for the abolition of capital and consequently the requirements for socialist revolution and, ultimately, communist society.

Link to the book.

Real World Macro

Edited by John Miller, Zoe Sherman, Bryan Snyder, Chris Sturr, and the Dollars & Sense Collective | 2014, Economic Affairs Bureau, Inc.

Real World Macro (31 edition) is a topical and engaging supplemental reader designed for introductory-level courses in macroeconomics. It covers a broad range of current controversies in macroeconomic theory and policy, shows how economic concepts are applied to real-world problems, and engages introductory-level undergraduates with accessible—but never “dumbed down”—information and analysis. Students can read directly from key thinkers: Robert Pollin (UMass-Amherst) on the Rogoff-Reinhart debt-to-GDP controversy, Heather Boushey (Washington Center for Equitable Growth) on gender and unemployment, Kevin Gallagher (Boston University) on China’s growing role in development finance, and many more.

From the publishers of Dollars & Sense magazine, this anthology includes critical-minded primers on fundamental questions in macroeconomics:

For instructors who are using a mainstream textbook—and spending a lot of class time “arguing against the text”—these articles will provide valuable reinforcement.

Real World Macro also covers today’s biggest macroeconomic controversies: why the current recovery has been so sluggish, why inequality has risen so dramatically in recent decades, whether tax cuts for the rich really boost investment and growth, whether government debt is really a threat to our economic future, why monetary expansion failed to quickly end the recession (but has not ignited inflation), why a “skills gap” is not the cause of high unemployment today. This edition concludes with a chapter on “Resistance and Alternatives” to prevailing economic policies and institutions—hardly something one would find in a mainstream text, or even in most supplemental readers.

Link to the book.

Real World Micro

Edited by Rob Larson, Alejandro Reuss, Bryan Snyder, Chris Sturr, and the Dollars & Sense Collective | 2014, Economic Affairs Bureau, Inc.

Real World Micro (21 edition), from the publishers of Dollars & Sense magazine, brings the complexity of actual economies to life. The articles in this anthology lay bare the assumptions underpinning neoclassical theories, showing how they can lead to unrealistic conclusions and undesirable policy prescriptions.

The articles in this topical and engaging supplemental reader explain, for example, the many ways that real-world markets deviate from the model of perfect competition; how firms may value power as well as profits; how consumers may lack information pertinent to their buying decisions; why policies reducing inequality may actually increase efficiency; why cost-benefit analysis actually obscures social choices on regulation; and how government policies “getting prices wrong” can actually spur economic development.

This book shows students how microeconomic theory relates to the headline-making controversies of today: Does the minimum wage really cause unemployment? Are environmental regulations really “job killers”? Are sweatshops a necessary fact of life for developing countries? How did banks become “too big to fail”? Students can read about the key issues from key thinkers: Juliet Schor (Boston College) on labor, leisure, and consumption; Dean Baker (Center for Economic and Policy Research) on the housing bubble, Nancy Folbre (UMass-Amherst) on cooperative enterprise, Thomas Palley on globalization, consumers, and workers, and many more.

Link to the book.

Sraffa and the Reconstruction of Economic Theory: Volume 1-3

Edited by Enrico Sergio Levrero, Antonella Palumbo and Antonella Stirati | 2014, Palgrave

Written on the occasion of the 50th anniversary of the publication of Piero Sraffa's Production of Commodities by Means of Commodities, the papers selected and contained in Sraffa and the Reconstruction of Economic Theory account for the work completed around the two central aspects of his contribution to economic analysis, namely the criticism of the neoclassical (or marginalist) theory of value and distribution, and the reconstruction of economic theory along the lines of the classical approach. Divided into three volumes, Sraffa and the Reconstruction of Economic Theory debates the most fruitful routes for advancements in this field and their implications for applied and policy analysis.

The first volumes focuses on the critique of general equilibrium theory and the determinants of income distribution, together with the related issue of the method of analysis which characterises the Classical theory and the marginalist approach.

The second volume focuses on the theory of output and growth as developed in the modern classical approach on the basis of the extension to the long run of the Keynesian principle of effective demand, and on the implications of the revival of the classical approach for policy analysis and for understanding the evolution of the international economic order in the last few decades.

The third volume collects papers concerning the evolution of Sraffa's ideas and the interpretation of his contribution in relation to other streams in economics, methodology and the history of economic thought.

Link to the volume 1, volume 2 and volume 3.

The Microeconomics of Complex Economies: Evolutionary, Institutional, Neoclassical, and Complexity Perspectives

By Wolfram Elsner, Torsten Heinrich and Henning Schwardt | 2014, Elsevier

The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset.

Written so chapters can be used independently, the book includes simulation packages and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of orthodox economic theories.

Link to the book.

The Political Economy of Offshore Jurisdictions

By Walter Ötsch, Gerd Grözinger, Karl Michael Beyer and Lars Bräutigam | 2014, Metropolis

Trying to understand the financial crisis since 2008 economists have learned that large parts of the economy are hardly known and little explored. This is especially true for the area of the so-called shadow banks. Here – and not in the traditional banks – the crisis has manifested and they were saved from collapse by the central banks. But behind the shadow banks is the even more unknown zone of the offshore economy, since many shadow banks are legally settled in “tax and regulatory havens”. They can be called secrecy jurisdictions as well. Their aim is to establish a high level of financial opacity, e.g. by banking secrecy laws, by establishing trusts and foundations whose ownership and purpose is difficult to identify, or by a lack in serious due diligence or no records and statistics on transactions.

The book provides first information about a little-studied area. What is the importance of the offshore economy? Is online Gambling a Game Changer to Money Laundering? What is the rationale behind the Secrecy Index of Tax Justice Network? How does Automatic Tax Information Exchange function? Is Austria a tax haven? With which ideology and with which narratives was it possible to avoid public discussions about the offshore economy? Which were the effects of “offshore leaks” in the spring 2013?

Link to the book.

What Every Economics Student Needs to Know and Doesn't Get in the Usual Principles Text

By John Komlos | 2014, M.E. Sharpe

The recent financial crisis illustrated vividly the flaws of weakly regulated markets, yet textbooks remain unchanged, failing to convey the systematic limitations of free markets. This book redresses this imbalance in the tradition of G. Akerlof, R. Easterlin, J.K. Galbraith, H. Minsky, D. Kahneman, J.M. Keynes, P. Krugman, A. Sen, R. Shiller, H. Simon, J. Stiglitz, Th. Veblen, and the Institute of New Economic Thinking.

It does so by exploring important topics that are generally overlooked in introductory economics courses and by juxtaposing blackboard models of the economy with real-world empirical observations. Komlos argues convincingly that it is misleading to focus on models of perfect competition in a world where such markets have become an insignificant share of economic activity. Rather, even beginning students ought to be introduced to the workings of oligopolistic market structures with imperfect information and endemic underemployment. In such cases markets are no longer efficient and there is plenty of opportunities to enhance the quality of life of its participants. Komlos proposes a human centered economics that attains full employment and an equitable distribution of income striving above all toward a just economy.

Link to the book.

Heterodox Graduate Programs, Scholarships and Grants

Heterodox Master's Programme in Human Development and Food Security

In 2003, the Department of Economics “Federico Caffè” of the Roma Tre University under the official sponsorship of the World Food Programme, launched a post-graduate Master’s Programme, heterodox in the approach, pluralist and interdisciplinary, entitled Human Development and Food Security: Learning tools for fighting hunger and poverty (HDFS). Both the didactical programme and the methodology of the Master’s Programme are extremely innovative and pluralist as it is probably the only post-graduate course in the European Union and the United States, which is directly related to food security and rural poverty, teaching students tools to fight hunger and poverty using the Human Development approach as well as a strong quantitative and statistical approach. The Master aims at meeting the needs and requests for qualified specialists working for international organizations, national governments, nongovernmental organizations and research institutes.

The contents of the Master’s Programme in HDFS relate very closely to the work of the three Rome-based UN agencies. Various experts coming mostly from FAO, IFAD and WFP, as well as from Bioversity International, contribute through lectures, practical exercises, cases studies and seminars to the knowledge sharing in rural development strategies, programmes and activities, food security, nutrition, food assistance, human development and participation approaches. This link between the University and the UN system offers the opportunity of mutually enriching essential knowledge-sharing between a research organization, the University, and the prime rural poverty reduction UN pole.

All the training lectures and bibliography are in English, as the Programme is international in scope. Around 80% of our students are foreign nationals. The Master’s programme is 12 months long, beginning in November and accounting for a total of 1.500 hours and 60 ECTS. The programme consists of a theoretic part lasting 9 months and comprising approximately 400 hours of classes held in Rome, and a final activity which can be a field research, an internship with related substantive report or a dissertation.

More Information about the programme is available here.

For the 2014-2015 academic year, the complete application file should be sent to the Admissions Office by May 31st, 2014 at latest.


Global Economic Governance Initiative

Kevin P. Gallagher: America’s Proposed TPP: Buyer Beware

Global Labour Column

Jeffrey Vogt: The Right to Strike

Jörg Nowak: Workers Unrest in Automobile plants in India: Strikes and Occupations at Maruti Suzuki and Bajaj Auto in 2011/12 and 2013

John Cody: Reconfiguring the US Auto Sector: Lessons from Germany

Frank Hoffer: I want Council Houses in my Neighbourhood

For Your Information

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