Heterodox Economics Newsletter

Issue 170 October 13, 2014 web pdf Heterodox Economics Directory

Roughly one year has passed since I started my work as an editor for Heterodox Economics Newsletter. Throughout this year, I have found that doing work for the Newsletter is always worth the effort: it is not only a rewarding task, but also a very interactive one, which allows you to get in touch with a very diverse set of interesting people. In retrospect, I am really happy about my decision to take over the responsibility for this important duty.

However, things would not have gone so well without all the significant support I received. First of all I have to thank my editorial assistant Florian Springholz, whose careful work is of utmost importance to sustain and improve the quality and scope of the Newsletter. Second, I got some support from the Department of Economics and Statistics at the Austrian Chamber of Labor, which proved to be decisive for improving the infrastructure and technical background of the Newsletter.

While I tried to implement some noteworthy changes in the past year (e.g. the Newsletter now has a new homepage), some other necessary revisions or improvements (e.g. with regard to the Heterodox Economics Directory) are still to be done. If you would like to support these efforts in some way - maybe by contributing some voluntary work or even a small donation to sustain and improve the services associated with the Heterodox Economics Newsletter - simply contact us via email. We are happy for any additional support we receive!

Many thanks and all the Best,


© public domain

Table of contents

Call for Papers

17th Annual Conference of the Association of Heterodox Economics (Southampton, 2015)

2-4 July, 2015 | Southampton Solent University

Conference Theme: Growth, Cycles and Sustainability

The conference theme concerns growth. How to create it, sustain it and can we avoid the ups and downs of it. Is it good anyway given our environmental challenges, and if growth actually happens will it be even or increase inequality further. Finally, when will it end again in crisis?

Please send us abstracts, whether related to the conference theme or any other heterodox topic area, by 31 January 2015. Refereed and non-refereed options will be available for your paper (details to follow). If you wish to organise any panels of papers for the conference on particular themes, please express your interest to us by the 12 December 2014.

Please send all communications to:

nick.potts@solent.ac.uk and simon.mouatt@solent.ac.uk

Further detail on conference fees, accommodation options to follow in due course. This information will be available at the conference website.

19th Annual Conference of the European Society for the History of Economic Thought (Rome, 2015)

14-16 May, 2015 | Roma Tre University, Rome, ITA

Conference Theme: Great controversies in economics

Proposals for papers or sessions on all aspects of the history of economic thought are welcome. An abstract of about 400 words for a paper and 600 words for a session should be submitted on the conference website no later than January 12th, 2015. Particularly welcome are proposals of papers and sessions that fall into the ESHET 2015 conference theme.

Note that:

The clash of opinions constitutes one of the main driving forces in the advancement of knowledge. While this applies to all the sciences, controversies in the study of economic phenomena have a particularly significant role. The changing nature of the subject matter of economic theory over time and space, the circumstance that economists, with their value judgements, belong to the system they themselves study, and the fact that no economic theory is neutral in terms of its social and welfare implications may account for this.
A list of the great controversies in the history of economic thought may well include the monetary controversies of the19th century, the Methodenstreit, the Cambridge controversy over the theory of capital, and, more recently, disputes over rules vs. discretion, fiscal austerity and the causes and consequences of economic crises from the Great Depression to the present day.

These controversies, unquestionably significant per se, can be regarded as instances of deeper fault lines characterizing the evolution of economic thinking over time. Two main divides come immediately to mind in this respect. First, over the issue as to whether a market-based economy tends naturally to use its resources in the best possible way without any State intervention beyond that of providing basic infrastructure and protecting property rights: a matter of concern from the times of the General Glut controversy that saw Malthus opposed to Ricardo down to the debates that have marked the evolution of macroeconomics since the publication of Keynes' General Theory. Closely connected to this first issue is the following: whether and, if so, to what extent the allocation and distribution of resources affect and are themselves affected by different social groups and institutions or are solely determined by technology, preferences and endowments (as exemplified by the differing views on wage determination entertained by classical, institutional or neoclassical economists). The well-known methodological divide between the mainly deductive approach to the study of economic problems and other approaches that attribute more weight to historical-inductive reasoning or specific perspectives (e.g. feminist economics) cuts across the issues mentioned above.
Participants are welcome to address any issue related to specific and general controversies in economics or the effectiveness of communication between different schools of thought or the importance of pluralism in economics.


ESHET invites young scholars -- persons currently enrolled in a PhD, or who have been awarded a PhD no more than two years prior to May 2015 (and regardless of age) -- to submit their work to the Young Scholars Seminar to be held on the occasion of tjhe ESHET Conference.
Up to six submissions will be selected: ESHET will cover travel expenses up to €300, accommodation costs up to €80/night for three nights, and the registration fee. The authors of the selected papers will have 20 minutes each to present the paper, and a senior sholar will disscuss it. Papers may be on any topic relevant to the history of economic thought, and are not restricted to the conference theme.

Candidates should e-mail a paper no longer than 9000 words to Professors Richard Sturn (richard.sturn@uni-graz.au) and Annalisa Rosselli (annalisa.rosselli@uniroma2.it).

Submission Deadline: February 9th, 2015. Authors will be notified about the result of the selection process by March 23rd, 2015.

Please include documentation of your (and your co-authors) position vis à vis your PhD, and indicate in the Subject of your e-mail: for Young Scholars Seminar.

ESHET encourages young scholars to participate in the conference. A one-year ESHET membership is offered to all young scholars who submit a paper. Papers that have not been selected will be considered for presentation at other conference sessions.

The Scientific Committee

Tony Aspromourgos (The University of Sydney)
José Luis Cardoso (Universidade de Lisboa)
Roberto Ciccone (Università Roma Tre)
Cristina Marcuzzo (Sapienza Università di Roma)
Annalisa Rosselli (Università di Roma "Tor Vergata")
Antonella Stirati (Università Roma Tre)

More information is available on the conference website.

AFEE sessions at the 2015 Eastern Economic Association Meetings (New York City, 2015)

February 26 – March 1, 2015 | New York Sheraton Hotel at Times Square, NYC, US

AFEE is organizing sessions at the 2015 Eastern Economic Association meeting.

Please submit to me: Robert Scott (rscott@monmouth.edu) your abstract of no more than 200 words by November 1.
If you already submitted an abstract but would like to be included in an AFEE session email me and attach a copy of your abstract by November 1.

If you would like to take some work off my hands and submit an entire session (ideally four papers) then submit all the abstracts to me by November 1 and indicate your desire that they all be included in one session (I’ll even give you the option to make up the title of your session—please be more creative than me).

At the bottom of your abstract please note any days you are unable to present and whether you are willing to serve as a session chair or discussant. If you do not want to serve as a chair or discussant there is a $30 opt-out fee charged by the EEA and you will need to make a note at the bottom of your abstract stating you choose to opt-out.

For more details about the Eastern Economic Association meeting, visit the conference website.

INFER Workshop on Heterodox Economics (Coimbra, 2015)

17-18 April, 2015 | Faculty of Economics, University of Coimbra, Portugal

Jointly organized by International Network for Economic Research (INFER) and Grupo de Estudos Monetários e Financeiros (GEMF)

Keynote speakers


This INFER workshop provides an opportunity for everybody interested in heterodox economics to exchange ideas, to create links in research and to meet fellows in related subject. It is an excellent opportunity to bring together researchers and practitioners alike who are interested in theoretical aspects as well as in practical issues. Researchers, especially young researchers, are invited to submit theoretical and applied papers across all areas of heterodox economics.


The INFER workshops are open to anybody involved in economics, including both young and experienced researchers, post-doctoral students, and professionals from business, government and non-governmental institutions. As the workshops intend to strengthen the exchange between practical experiences and research outcomes, participation is welcome also without paper contribution.

Submission of Papers

Only full papers may be submitted. All papers must include a cover page with the following information:

All papers and organized sessions should be submitted electronically to the workshop organizer, Elias Soukiazis (elias@fe.uc.pt), as doc or .pdf files (preferably .pdf).

Deadline for paper submission is February 28, 2015.

Authors are allowed to submit more than one paper. All submitted papers will be peer reviewed according to a high-quality and fast referee process. Authors will be notified whether their paper is accepted for presentation at the workshop not later than March 12, 2015.

Paper presenters are expected to discuss one other paper during the workshop. The discussant assignments will be made by the organizers at a later date.

Publication of Papers: journals to be announced


The INFER Workshop will be held at the Faculty of Economics, University of Coimbra, a lively town in the Centre of Portugal. More information can be found here.

Further Information:

Questions may be directed to the workshop organizers,

More information is available on the conference website.

Progressive Economy Conference (Brussels, 2015)

5-6 March, 2014 | Brussels, Belgium

Within the framework of its next Annual Forum meeting to be held in Brussels, Progressive Economy will host an Academic Conference at the beginning of March 2015.

In view of this conference, Progressive Economy organises its annual Call for Papers on four research topics under the authority of its Scientific Board, being composed of fourteen leading academics.

Interested researchers are invited to submit an abstract of their paper in English by 28 November 2014, using the online procedure on our website.

Researchers whose abstract will have been selected by the Scientific Board will be informed by 16 December 2014. They will then be requested to submit their full paper by 24 February 2015 and will be invited to attend the Academic Conference at the organiser's expense in order to present this contribution.

The Scientific Board will subsequently select a total of six best papers, to be announced during a special session at the Annual Forum that will be held in March 2015.

The four research topics are:

The Progressive Economy Academics' Network, or PEAC, is a major project within the Progressive Economy initiative. The quality and academic relevance of the project is secured through its Scientific Board, composed of leading European and international academics from the economic and social research fields. The aim of PEAC is to foster theoretical and empirical research on economic and social issues, and to facilitate the transmission of this research into progressive politics, with a particular focus on European economic and social challenges. Besides the annual call for papers, this also includes research funding across the initiative's policy issues; the publication and dissemination of academic contributions through the Journal for a Progressive Economy; a programme of academic seminars; and an online membership-based networking platform. Within PEAC, the PEAC Future project encourages and supports research work from young academics of up to 35 years of age.

The 2014/2015 edition of the Call for Papers is the second of its kind. The first edition was held last year and the winning papers were selected during the PE Annual Forum which took place in the premises of the European Parliament in Brussels in March 2014. Similarly, the 2014/2015 edition will lead into the March 2015 Annual Progressive Economy Forum, during which selected contributions will be presented and discussed.

Academics are invited to take part in this Call for Papers on the basis of the submission guidelines detailed in the next section and within one or more of the four research topics, as detailed below. The Call for Papers is open to entries from researchers with a teaching and/or research position in graduate or post-graduate level teaching (i.e. university, institute) and researchers working in a research institute or foundation. No other affiliation of any kind is required.

Progressive Economy invites submissions in all areas related to economics, and promotes high-quality research without any methodological or affiliation bias. Independence and a high selection standard are secured by the Scientific Board, assisted in this task by the OFCE economic institute in Paris.

The selection process is organised as follows:

These six contributions will be announced by the Scientific Board during a special session at the March 2015 Annual Forum. Their authors will subsequently be invited to publish their work in the form of policy briefs in the Journal for a Progressive Economy. The cost of this drafting work will be covered by the organisers on conditions to be agreed upon with each researcher.

In order to encourage further research work from selected authors, research funding may be made available for complementary work, to be defined in agreement with the organisers after the Annual Forum. The amount of funding to be made available will depend in each case on a detailed outline of the research to be supported, with a minimum funding per research of €3,000.

By 28 November 2014, abstracts and, by 24 February 2015, selected contributions, should be submitted electronically (PDF format only) in English only via our website. On-line access to the PEAC section on our website is only available to registered network members. In order to submit an abstract or a contribution, authors will first need to register to access this facility. In order to proceed, please log in as member at the ‘Member Log In’ facility.

All texts provided should be in English and should follow the standard format of scientific journals, and should contain new and original work by the authors. Submissions should be of one A4 page maximum for abstracts and 10,000 words or fewer for contributions.

Progressive Economy will publish papers only if the data used in the analysis are clearly and precisely documented and are readily available to any researcher for purposes of replication. The Scientific Board may confidentially claim further information on or access to data or programmes used for conducting the research.

The 2014/2015 call for papers and the academic sessions at the Annual Progressive Economy Forum will focus on the four following research topics: "Inequality and the crisis", "Alternatives to austerity policies", "Reforming European economic governance" and "Rethinking economic policy under the threat of deflation".

I. Inequality and the crisis. For a number of experts, the emergence of the crisis is clearly linked to growing inequalities and to the intensification of globalisation. Failure to address the negative consequences of increased competition in certain markets has been compromising the foundations of modern democracy and the promise of shared prosperity. While inequalities are considered among the sources of the crisis, there is now also increased evidence that inequalities are rising further due to the crisis and the prevailing fiscal consolidation strategies. Put together, these two elements point to the necessity of dedicating more attention in scientific research to the phenomenon of inequality in market economies, including its origin(s) and main drivers, and to how inequality can best be reduced. Contributions submitted within this research topic should aim at fostering the debate about inequalities as a root cause of the crisis, and/or at documenting and anticipating the consequences of the crisis in relation to evolutions in inequalities. Contributions addressing ways to design policies to fight inequalities are also welcome.

II. Alternatives to austerity policies. Many observers agree that the crisis is not yet over. Active policies are needed to exit the crisis and limit the damage in the short run and in the future. Of course, macroeconomic strategy - as a delicate mix of fiscal and monetary policies in an era of substantial change - is a key element and contributions addressing these topics are welcome. Furthermore, two other instruments of economic policy need to be better understood and should be part of a crisis exit strategy: industrial policy and financial regulation. Contributions dealing with new thinking about those policy instruments or new ways of integrating these policy instruments with a macroeconomic strategy are central to the definition of an effective way out of the crisis. Furthermore, contributions that address the issue of effective debt management and restructuring in the Eurozone context are also welcome.

III. Reforming European economic governance. During the crisis, European economic policymaking processes have to a large extent failed to respond effectively to the challenge. Moves to reform the system of European economic governance were guided by an excessive concern for ensuring fiscal discipline, without developing better processes allowing for effective policy coordination beyond pure surveillance. Attempts to develop additional social governance features into that system have so far been blocked. Contributions addressing European economic governance should help to evaluate the existing approaches within the six-pack and two-pack legislation, and to understand how economic policy could in future be organised through different processes conducive to sustained growth and employment (and the extent to which this should be organised at European and/or national levels).

IV. Rethinking economic policy under the threat of deflation. Many academics are questioning the prevailing goals of economic activity and of economic policy. Further debate is required on the challenges posed by certain developments in the financial sector, including the deflationary spiral in which some European countries seem to be stuck, by climate change and an increasingly populated planet, and by new constraints emerging as a consequence of globalisation. Profound choices are to be addressed, which may influence quality of life and dominant market concepts. Contributions to this research topic should address issues covering economic policy, from well-being to decent jobs, and the relationship between economic expertise and policy choices, as this has shown that confusion between analysis and opinion can be devastating (e.g. the Reynhart and Rogoff controversy).

In order to submit an entry to the call for papers, users must register with PEAC here.

Please use the following single contact point for any enquiries concerning the call for papers: callforpapers@progressiveeconomy.eu (Ioana Popescu, tel: +3222846861)

The AFIT Annual Meeting Calls for Papers on "Institutionalism: History, Theory, and Futures" (Portland, 2015)

8-11 April, 2015 | Portland, Oregon, US

The 36th Annual Meeting of Association for Institutional Thought (AFIT) will take place at the Portland Marriott Downtown Waterfront hotel(1401 SW Naito Parkway), in conjunction with the Western Social Science Association (WSSA) 57th Annual Conference.

Conference Theme: Institutionalism: History, Theory, and Futures

The 2015 AFIT conference invites you to submit papers and sessions that address the history of Institutionalism, its theoretical development, and innovative futures and expansion. The conference theme encourages work on the history of Institutionalism – with respect to establishment of its infrastructure and intellectual community, and its connection to other heterodox approaches and to the broader heterodox community; development of theory and impact on policy; and efforts and strategies for memory creation/preservation. Papers employing and discussing historical methods and their role in developing institutional theory and the evolution of capitalism are welcomed.

The organizer encourages papers and sessions that historically and theoretically examine institutional-heterodox concepts— social provisioning; resource creation; life-process; institutional change; predation; enclosures; invidious distinction; waste; going concern; administered prices; centralized market planning; salesmanship; class; ownership; valuation; machine process; capital; and the social nature of money, among others. The organizer is interested in how we utilize and further develop those and other concepts to analyze the capitalist process, as well as theorizing violence, slavery, gender, precariousness, race/ethnicity, surveillance, incarceration, dependence, think-tanks, religion, politics of austerity, and money in politics.

Papers and sessions that address the futures and expansion of Institutionalism, including in the classroom and research, but also outside of academia, are strongly encouraged. Sessions and papers that showcase or outline potentials for theoretically meaningful interdisciplinary collaborations, as well as connecting Institutionalism to other heterodox approaches are strongly welcomed. For example, the organizer is interested in session(s) on feminist-institutionalism. Also, the conference seeks papers that utilize and develop research methods appropriate for institutional analysis, including ethnographic research, oral history, and social fabric matrix analysis, among others. Policy and issues-oriented topics are also welcomed, especially if connected to theoretical/methodological discussions. The conference organizer would like to specifically invite papers and panels about Portland and the region, and presentations by local academic and other activists/practitioners that would enrich the discussion about institutional analysis.

AFIT will continue the tradition of having one or more sessions that explore ideas, experiences, and materials to advance economic education from institutional and other heterodox perspectives. Finally, panels and papers discussing current changes in higher education are also welcomed.

The conference is receptive to proposals for panels that review and discuss books recently published by AFIT members. AFIT encourages proposals from graduate students. AFIT will continue to sponsor prizes for outstanding student papers. Check our website for announcement of the student competition.

The format of the 2015 conference panels does not include discussants. However, if you organize a panel, and you find it necessary to have discussants, you are welcome to do so. Proposals for complete sessions are encouraged.

Current membership in AFIT is required for presenting a paper. AFIT's annual membership dues are $25 and $15 for full-time students. Please, pay here.

For conference registration information, please check the WSSA website.

In order to better facilitate discussion, AFIT requests that you e-mail your paper by April 1 to the moderator of your session. The suggested length of submitted papers is 3000 words. However, if you have prepared a longer paper, you are welcome to submit it in its original length. Please, make every effort to avoid cancellations, especially once the program is finalized! All proposals must be sent to the conference organizer by December 1, 2014 by e-mail with the subject line AFIT 2015 Proposal Last Name and file attachment last name_AFIT15 in Microsoft Word format to the conference organizer and Vice President of AFIT:

Zdravka Todorova; email: todorova.institutional@gmail.com
Department of Economics, Wright State University

For more information about AFIT, please visit our website.

The Transnational Institute (TNI) invites for contributions for its "State of Power" report

The Transnational Institute (TNI) in the Netherlands is issuing an open call for essays/short papers for its forthcoming State of Power report launched in late January 2015 to coincide with the World Economic Forum in Davos.

TNI’s annual State of Power reports have, since their launch in 2012, become a must-see reference point for citizens, activists and academics concerned with understanding the nature of power in our globalised world. With a mixture of compelling infographics and insightful essays, State of Power has examined dimensions of power (economic, political, cultural, social), exposed the key players who control power, and highlighted movements of counter-power seeking to transform our world.

Understanding power

In 2015, TNI is opening up the call to the public, particularly the progressive academic community, in order to pull in the best analysis on power. TNI is keen to interrogate how power is defined, distributed and functions in our globalised world; to expose the often invisible bodies, corporations and others who exercise influence and control over public policy; to understand the mechanisms by which power is both acquired acquired, used, manipulated and maintained; to understand shifts in power, even amongst elites, that provide openings for social movements; and to highlight the growing sources of counter-power, their potential and contradictions, and how they might be supported in advancing social and environmental justice.


TNI is particularly interested in essays that relate to areas we most closely work on such as corporate impunity, trade and investment policies, land and agrarian issues, resource grabbing, public services, security and civil liberties, social movements and counter-power (see http://www.tni.org/listing/work-areas) However we are ultimately interested in the best analysis (whatever the topic) if it approaches power from the critical perspective held by movements engaged in the struggle for social and environmental justice and political transformation.

For an idea of the kind of essays we are interested in, please read the essays featured in State of Power 2014: http://www.tni.org/briefing/state-power-2014

As timing is tight, TNI is happy to publish reworked versions of previously published material as well as new unpublished essays.


The call is an open one, but TNI has designed a process to feature what we consider the top eight best essays in the main report. The decision on which papers are featured will be decided by an Editorial Panel made up of the current TNI Fellows, the Director and the Communications Manager. The selection process will follow three stages:

  1. In the first stage, researchers will be asked to provide abstracts and a short bio. These can be abstracts based on existing papers.

  2. Those whose abstracts are chosen will be asked to submit an essay. The top eight essays will be selected for the book by the Editorial Panel

  3. The top eight essays will go through a final round of revisions based on feedback by the Editorial Panel, and subject to final copyedit. We hope to feature one essay as an infographic. Essays that do not make the top eight – and are considered good essays by the Editorial Panel - will be available as downloadable PDFs linked from the main report.

Instructions for submissions

Abstracts must be emailed to stateofpower@tni.org by 31 October 2014. Final essays will be due on 1 December 2014.


URPE panels at the Annual Eastern Economic Association Meetings (New York City, 2015)

February 26 – March 1, 2015 | New York Sheraton Hotel at Times Square, NYC, US

The Eastern Economic Association holds an annual conference, usually in late February or March, in various cities on the eastern seaboard of the United States. In 2015, URPE will once again sponsor panels at the conference. This will be the ninth annual "URPE@EEA" program in recent years.

For questions about the meetings and to submit papers, contact the URPE at EEA coordinators, Julio Huato or Armagan Gezici at urpe.at.eea@urpe.org.

The deadline for proposals for individual papers or complete panels is: November 15, 2014

RULES for submissions to URPE at EEA:

  1. All presenters must be dues-paying URPE members by the time of the deadline (November 15, 2014).

  2. URPE membership is not a requirement for discussants.

  3. Eastern Economics Association membership criteria apply (visit the EEA webpage for further details).

Workshop of the Charles Gide Society on "Original Fictions, Hypothetical States and Historical Conjectures in Economic Thought" (Paris, 2015)

13-14 November, 2014 | Paris, FR

The worshop is jointly organized by the LED (Université Paris 8 Vincennes-Saint-Denis) and PHARE (Université Paris 1 Panthéon-Sorbonne and CNRS).

From Plato’s ideal city to Rawls’ original position, including the state of nature of contractualist philosophers or Adam Smith’s primitive state, the use of fictions crosses the history of economic thought. These fictions had long fed into the argument of many authors taking various forms: imaginary states, hypothetical living conditions, conjectures on past history and its progress…

Far from being anecdotal, their persisting use raises several questions which concern:

The scientific committee expects contributions in history of economic thought both from economists and philosophers. These contributions could deal with the following topics (indicative and non-exhaustive list):

Proposals for papers in the form of abstracts of at most 1000 words must be submitted no later than December 15th, 2014 to the following email address: journees.gide2015@gmail.com. Any proposal submitted will receive an acknowledgment of receipt.

All informations are already available on the website of the Charles Gide Society.

Call for Participants

18th FMM Annual Conference on "Inequality and the Future of Capitalism" (Berlin, 2014)

30 October-1 November, 2014 | Berlin

Conference Theme: Inequality and the Future of Capitalism

The Research Network Macroeconomics and Macroeconomic Policies (FMM) organises its 18th annual conference on Inequality and the Future of Capitalism with introductory lectures on heterodox economics for graduate students.

Speakers in plenary sessions: Stefan Bach (DIW Berlin), Heather Boushey (Washington Center for Equitable Growth), David Colander (Middlebury College), Steven Fazzari (Washington University, St. Louis), Jonathan Harris (Tufts University), Marc Lavoie (University of Ottawa), Jonathan Ostry (International Monetary Fund), Wiemer Salverda (Amsterdam Centre for Inequality Studies), Till van Treeck (University Duisburg-Essen).

There will be a day of introductory lectures for graduate students prior to the opening panel on 30 October, featuring topics of distribution and growth, endogenous money and finance, and financial instability. Lectures will be given by Eckhard Hein (Berlin School of Law and Economics), Marc Lavoie (University of Ottawa) and Steven Fazzari (Washington University, St. Louis).

More information, the complete programme and registration forms are available on the conference webpage:


Cambridge Realist Workshop (Cambridge, 2015)

7-9 September, 2015 | Clare College, Cambridge, UK

Another year and yet another programme for the Cambridge Realist Workshop. We also have a new website which you can find here.

On the website you will notice that we have a reunion conference in Cambridge next September 7-9 (2015). More information on this will be sent in due course about registration and accomodation etc, though you might want to put the dates in your diary now.

As in the last few years we will be meeting on Monday evenings, every fortnight, in Clare College, which is in Trinity Lane. For a map of the City centre seehere. More specifically we will be meeting in the Latimer room, which is in the Old Court of Clare College. As always l the seminars will start at 8pm, but drinks will be available from 7:30 pm

First up this year, this coming Monday October 13, is Tony Lawson whose talk will be titled "On ‘Rethinking Modern Economics’: Twenty or so common myths". There is no paper for this talk, though as background reading you might look at Lawson's "What is this 'school' called neoclassical economics" downloadable from here.

The full programme for the coming term is as follows:

For more information please visit the conference website.

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

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

Conference Theme: Understanding and responding to the financial crisis

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:

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.

The FEPS Young Academics Network calls for new members

The Foundation for European Progressive Studies (FEPS), a progressive think-tank based in Brussels, is delighted to present a call for the new members of the FEPS YAN – FEPS Young Academics Network.

The FEPS Young Academics Network was established in March 2009 with an aim to gather promising progressive PhD candidates and young PhD researchers ready to use their academic experience in a debate about the Next Europe. Realised with the support of Renner Institut in the framework of the FEPS “Next Left” Research Programme, the project has gathered more than 50 members. Their exchanges and interdisciplinary research have resulted in a number of stimulating studies, providing a relevant contribution to the European progressive movement.

This call is being launched with the new (4th) cycle. It is addressed to outstanding, young, European, progressive academics holding a status of either PhD candidates or post-doctoral researchers, who are eager to get involved in the debate about the future of Europe and are characterised by the high degree of social competence allowing them to function well in a diverse environment. If selected as a new member, the candidate will be expected to:

Applications to the FEPS YAN Network should include two documents: (1) CV, focused on research achievements and objectives and (2) Letter of motivation of a candidate. The language, in which documents should be completed in is the same as the working language of FEPS YAN, which is English.

  1. Deadline of the first cycle: Friday 24th October 2014.
    Successful candidates will be invited to join the next FEPS YAN Seminar, scheduled to take place in Vienna, Austria on 6-9 November 2014.

  2. Deadline of the second cycle: Friday 21st November 2014.

Please submit your CV and letter of motivation to FEPS YAN Coordinators (Dr. Ania Skrzypek, FEPS Senior Research Fellow – ania.skrzypek@feps-europe.eu - and Dr. Giovanni Cozzi, FEPS Economic Advisor – giovanni.cozzi@feps-europe.eu), who may also be addressed in case of further queries regarding this Call.

More information about the project is available here.

Job Postings

Colorado State University, US

Job Title: Assistant Professor in Political Economy

JEL Classification: B – History of Economic Thought, Methodology, and Heterodox Approaches; D3 – Distribution; E1 – General Aggregative Models; Q5 – Environmental Economics; D6 – Welfare Economics

The Department of Economics at Colorado State University invites applications for a full-time, tenure-track Assistant Professor position in Political Economy. The successful candidate shall teach graduate and undergraduate courses in political economy, and conduct research that contributes to the department’s tradition of methodological and intellectual pluralism. Supporting the department’s other graduate fields (including development, environmental, international, public, and regional) or core courses is desirable. An interest in obtaining external funding is encouraged. Ph.D. must be completed by the time the appointment begins on 16 August 2015. Tenure requires both scholarly accomplishment and excellence in teaching. Reflecting departmental and institutional values, candidates are expected to have the ability to advance the Department's commitment to diversity and inclusion

This position offers a defined contribution retirement plan, full benefits, sabbatical leave, and optional summer teaching when available. To assure full consideration, application materials must be received by Friday, 28 November 2014; however, applications will be accepted until the position is filled. Once the search committee identifies semi-finalists, departmental tenured and tenure-track faculty will have access to those files. References may be contacted at the finalist stage.

Colorado State University does not discriminate on the basis of race, age, creed, color, religion, national origin or ancestry, sex, gender, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or pregnancy. Colorado State University is an equal opportunity/equal access/affirmative action employer fully committed to achieving a diverse workforce and complies with all Federal and Colorado State laws, regulations, and executive orders regarding non-discrimination and affirmative action. The Office of Equal Opportunity is located in 101 Student Services.

Colorado State University is committed to providing a safe and productive learning and living community. To achieve that goal, we conduct background investigations for all final candidates being considered for employment. Background checks may include, but are not limited to, criminal history, national sex offender search and motor vehicle history..


Please submit a cover letter describing your suitability for the position, CV, statements of research and teaching interests, job market paper and three confidential letters of recommendation. Applications must be submitted electronically here.

For inquiries, please contact: Elissa Braunstein, Associate Professor, Department of Economics at the Colorado State University; email: Elissa.Braunstein@Colostate.edu

Dickinson College, US

Job Title: Assistant Professor of Economics

The Department of Economics at Dickinson College invites applications for a tenure-track position in applied microeconomics at the Assistant Professor level starting fall of 2015. Teaching responsibilities include introductory and intermediate microeconomics, and one or more electives (e.g. urban, health, labor, public policy, etc.). Ability to offer mathematical economics, and/or econometrics is desirable. The teaching load is five courses per year. Salary and benefits are competitive and commensurate with qualifications.

Candidates should have a Ph.D. in economics or be near completion. Evidence of outstanding teaching or teaching potential is essential. The ability to create inclusive learning environments for a diverse student body is important. Knowledge of heterodox theory is also valued in the department.

Employment in this position is contingent upon consent to and successful completion of a pre-employment background check, which may include a criminal background check, reference checks, verification of work history, and verification of any required academic credentials, licenses, and/or certifications, with results acceptable to Dickinson College. A criminal conviction will not automatically disqualify an applicant from employment. Background check information will be used in a confidential, non-discriminatory manner consistent with state and federal law.

More information and application form is available here.

Fitchburg State University, US

Job Title: Assistant Professor of Economics (2 Positions)

Two full-time, tenure-track positions in economics, starting with the 2015-2016 academic year. Teaching experience preferred, especially in concert with the ability and willingness to teach a wide array of economic subjects, beyond those in the specific field of specialization, at both the introductory and more advanced levels, and not excluding heterodox approaches. These two openings in a small economics program nestled within the Department of Economics, History and Political Science have occurred as a result of the impending retirement of two long-term faculty members, thus they also present an extraordinary opportunity to new faculty members to place their stamp on the future direction of the program. PhD in economics required.

More information and application form is available here.

Hamilton College, US

Job Title: Assistant Professor of Economics (Financial Economics)

The Economics Department at Hamilton College invites applications for a tenure-track position at the assistant professor level beginning July 1, 2015. Applicants should be committed to excellence in both undergraduate teaching and scholarly research. While the successful candidate will teach a financial economics course and seminar on a regular basis, scholarship in related fields will also be welcome. The standard teaching load in the department, which has 12 full-time faculty members, is 5 courses per year, with a course reduction in the first year for beginning instructors. The College provides substantial support for research, including start-up funds. Applicants should hold a Ph.D. in Economics or expect to complete all requirements by Fall 2015.

Applicants should send cover letter, diversity statement, vita, research sample, graduate transcript, and documentation of teaching effectiveness addressed to Prof. Paul Hagstrom, Economics Department, Hamilton College, via Interfolio. Your diversity statement should address the ways in which you would further the College’s goal of building a diverse educational environment. Previous experience teaching or working with diverse student populations is desirable. Please also arrange to have three letters of recommendation uploaded to the Interfolio address above. For full consideration, completed applications should be received by November 21.

Hamilton College is a highly selective residential liberal arts college located in the Mohawk Valley of upstate New York; for applicants with dual-career considerations, Hamilton participates in the regional Higher Education Recruitment Consortium, which posts additional area employment opportunities here. Dual career couples should be aware that Hamilton is located within easy commuting distance from Colgate University in Hamilton, NY and that Colgate is also planning to make faculty appointments in Economics and a number of other departments.

Hamilton College is an affirmative action, equal opportunity employer and is committed to diversity in all areas of the campus community. Hamilton provides domestic partner benefits. Candidates from underrepresented groups in higher education are especially encouraged to apply.

More information and application form is available here.

Hobart and William Smith Colleges, US

Job Title: Assistant Professor (in Political Economy)

JEL Classifications: B4 -- Economic Methodology; B5 -- Current Heterodox Approaches; B51 Socialist; Marxian; Sraffian economics

Hobart and William Smith Colleges have an anticipated Assistant Professor (tenure track) position for Fall 2015. Ph.D. preferred. We require a specialization in political economy (emphasis in comparative theory and method in economics, especially Marxian economics). Teaching responsibilities are five courses annually: typically 1-2 sections of principles, a political economy core course, radical political economy, and possible elective course(s) in the candidate’s field. One of the five courses could be in the Colleges’ interdisciplinary programs or general education areas.

Hobart and William Smith Colleges are committed to attracting and supporting a faculty of women and men that fully represent the racial, ethnic, and cultural diversity of the nation and actively seek applications from under-represented groups. The Colleges do not discriminate on the basis of race, color, religion, sex, marital status, national origin, age, disability, veteran's status, sexual orientation or any other protected status.

Applicants should send a cover letter, C.V., statement of teaching philosophy, teaching evaluations, graduate transcripts, and three letters of recommendation.

Applications must be received by December 1, 2014 to be guaranteed full consideration but will be accepted until the position is filled. Interviews will be conducted at the Allied Social Science Associations meetings in Boston, January, 2015.

Application Requirements

Application deadline: 12/01/2014

Apply through the JOE website or by sending application materials to Cindy Warren via email: cwarren@hws.edu

Kansas State University, US

Job Title: Assistant Professor of Sociology

The Department of Sociology, Anthropology, and Social Work at Kansas State University invites applications for a tenure track position as Assistant Professor of Sociology, to begin August 2015. We seek a productive scholar with expertise in global sociology. The successful candidate will have a strong publication record and demonstrate success in, or exceptional promise for, securing external funding to support their research. Preference will be given to candidates whose expertise complement and/or extend existing faculty strengths in social movements, culture, and development. Additional preference will be given to candidates who can contribute to one or more of the following interdisciplinary areas identified by the university as grand challenges: global food systems, water, community vitality, and health. The successful candidate will contribute to the undergraduate and graduate programs in sociology by teaching (two courses per semester), advising, and mentoring graduate (M.A. and Ph.D.) students. A Ph.D. in Sociology is required at the time of appointment.

Applicants should submit a letter of interest, curriculum vitae, one example of their strongest written work, three letters of reference, and a summary of teaching experience. These materials should be sent in one PDF attachment to socansw@ksu.edu.

Inquiries should be sent via email to Matthew Sanderson: mattrs@ksu.edu (or by post to: Matthew Sanderson, Chair of Global Sociology Search Committee, Kansas State University, Department of Sociology, Anthropology, and Social Work, 204 Waters Hall, Manhattan, KS 66506-4003).

Review of applications will begin on November 1, 2014, and continue until the position is filled. Applications received by November 1 will receive full consideration. Incomplete applications will not be reviewed. Kansas State University is an Equal Opportunity Employer of individuals with disabilities and protected veterans. Kansas State University actively seeks diversity among its employees. Women and minority scholars are strongly encouraged to apply. A background check is required prior to hiring.

London School of Economics and Political Science, UK

Job Title: Assistant Professor at the Department of Economic History

The Department of Economic History wishes to appoint a career-track Assistant Professor to further enhance its strengths in research and teaching. We invite applications from outstanding candidates with expertise and research interests in economic history, or any related discipline provided candidates have an explicitly historical approach. We welcome applications from candidates working on any time period or geographical area. For further information on the Department's website.

Salary is competitive and not less than £51,908 pa.

The successful candidate will be expected to undertake research in economic history and to teach at both undergraduate and graduate levels.

Candidates should have a completed PhD in economic history or any related discipline by September 2015. Candidates with a recently-completed PhD will be able to demonstrate a developing record of research with potential for internationally-leading publications in economic history. Early-stage candidates will be able to demonstrate a record of prior publications as well as a trajectory of research with potential for publications of the highest international standard.

The other criteria that will be used when shortlisting for this post can be found on the person specification which is attached to this vacancy on the LSE’s online recruitment system.

For further details about the post, please consult the relevant documents on LSE’s online recruitment system. Interested candidates may also contact the Head of Department, Professor Max Schulze (m.s.schulze@lse.ac.uk).

In addition to a good salary the benefits that come with this job include a defined benefits pension scheme, generous annual leave and excellent training and development opportunities.

Shortlisted candidates will be invited to give presentations in early December 2014.

To apply for this post, please go here and select “Vacancies”. If you have any queries about applying on the online system, please e-mail: hr.jobs@lse.ac.uk quoting reference 1435728.

New York University London, UK

Job Title: Part Time Lecturer (Global Finance and The Financial System)

NYU in London is seeking a part time lecturer to teach a Stern School of Business undergraduate module “The Financial System”- commencing in the spring term, 2 February 2015.

New York University is a Global Network University (NYU-GNU) with courses and programs offered at 13 academic centres on six continents. NYU in London is an undergraduate study abroad program of exceptional quality with teaching strengths across the curriculum. Our UK faculty, drawn mainly from local universities, has an excellent record in teaching and research. Classes are held at the NYU London centre at 4-6 Bedford Square, WC1.


Recent global financial turbulence has demonstrated both how important the financial system is to the world economy and how complex it is. Financial systems are centered on key institutions, instruments and markets. But they also involve governments, public policy and regulation. They span the globe from the US, the EU, Japan, Russia, China and the Emerging Markets. In critical ways, country-level financial architectures are integrating to form a more seamless, high-performance whole. This is good for efficiency, innovation and growth, yet it also amplifies problems during times of crisis.

This course provides students with a broad and rigorous understanding of

In seeking to achieve these objectives, this broad-gauge course provides a perspective that helps students understand and make the most of their own professional opportunities. Along with a working knowledge of the global macroeconomy, foundations of finance and corporate finance, this course will be extremely helpful for students as a lens to focus on the key dimensions of the modern business environment.


The instructor will combine his or her own lectures (based on common readings) with classroom discussions that he or she will facilitate. Small-group research exercises and student presentations can be encouraged, as appropriate. All student work is to be marked and commented upon by the instructor.


The semester is 15 weeks and classes meet once a week for 2.5 hours (Day & Time TBD). In addition to the time required for course preparation, classroom instruction, and marking, the instructor is required to hold a minimum of one set 60-minute “office hour” at NYU London per week, during which time she or he will be available to meet with students.


Applicants should have an PhD or equivalent. It is expected that the post-holder will have aminimum of 2 to 3 years teaching at the university level. Experience working in Finance/Banking industry is helpful, as is experience teaching American undergraduates.


Terms and conditions will be discussed with the successful applicant. Applicants should be EU national or currently hold a UK work permit at time of application.

Applications, in the form of a C.V. and letter of interest should arrive no later than October 19th, 2014 by e-mail to Luke Harper at luke.harper@nyu.ac.uk. Informal enquiries can be made to Karin Bonello: Karin.bonello@nyu.ac.uk.

St. Olaf College, US

Job Title: Assistant Professor in Behavioral Macroeconomics/Behavioral Finance/Macroeconomics

JEL Classifications: E03 - Behavioral Macroeconomics; G02 - Behavioral Finance; E00 - Macroeconomics and Monetary Economics; C1 - Econometric and Statistical Method

The Department of Economics at St. Olaf College invites applications for a tenure-track, assistant professor position in Behavioral Macroeconomics/Behavioral Finance/Macroeconomics beginning September 1, 2015. We seek candidates who are also interested in teaching statistics, econometrics, principles of economics, and working in interdisciplinary context. Other fields of potential interest are economic history and urban economics. The teaching load is six courses per year.

The successful candidate must demonstrate a commitment to teaching and research excellence in a liberal arts environment. Candidates should also be able to demonstrate how their research activities will involve collaborative engagement with undergraduate students. Ph.D. by August 15, 2015, strongly preferred.Salary will be commensurate with qualifications.

To be reviewed, application materials must be submitted online. Candidates whose applications are complete by December 1, 2014, will be considered for interviews at the ASSA meetings in January.

A liberal arts college affiliated with the Lutheran Church (ELCA), St. Olaf College is an affirmative action/ equal opportunity employer and actively seeks diversity in its students, faculty and staff. The college is especially interested in qualified candidates who can contribute to the diversity of our community through their teaching, research, and/or service.

More information about the College is available at its website. Questions about the position, department, or college may be directed to Prof. Paul Wojick, Search Committee Chair, Department of Economics, St. Olaf College, 1520 St. Olaf Avenue, Northfield, MN 55057.

More information and application form is available here.

Texas Christian University, US

Job Title: Permanent Instructor in Economics

The Department of Economics (heterodox-friendly) seeks to hire one instructor beginning in Fall 2015. The instructor position is renewable, and it includes ranks of promotion with multi-year contracts. The position carries a teaching load of four courses per term and has no research expectations. Candidates must be willing to teach some combination of intermediate microeconomics, intermediate macroeconomics, econometrics, and a course on contending perspectives in economics. Of particular interest are candidates offering fields which complement those of current faculty. Applicants must have completed a Ph.D. in Economics by August 2015.

Interested individuals should submit a cover letter, vita, letters of recommendation and evidence of effective teaching to the Instructor Search Committee, TCU Department of Economics. Applications will be reviewed starting on October 15, 2014, and continue until the position is filled.

Candidate documents must be submitted through this link. Letters of recommendation can be emailed directly to Ms. Jacqulyn Curry at j.curry@tcu.edu.

TCU is an AA/EEO employer and does not discriminate on the basis of age, disability, marital status, race, ethnicity, religion, sex, or veteran status.

Section: US: Full-Time Academic (Permanent, Tenure Track or Tenured)
Location: Fort Worth, TX, UNITED STATES
JEL Classification: A -- General Economics and Teaching
Keywords: General Economics

More information and online application form is available here.

The College of Idaho, US

Job Title: Assistant Professor of Political Economy

The College of Idaho invites applications for a tenure-track faculty position in International Political Economy (IPE). This position is housed in the Department of Political Economy and commences in Fall 2015. A Ph.D. is required in Economics, Political Science, or Political Economy. Candidates emphasizing general IPE theory, comparative political economy, globalization, or international development are equally encouraged to apply.

This position expands IPE course offerings in support of The College of Idaho’s robust and distinctive program in political economy. The hired candidate will teach introductory courses in political economy and upper-division courses related to the candidate’s IPE expertise. Regional expertise covering Latin America, Africa, or the Middle East will best support the IPE curriculum and the College’s strategic plan to enhance international education. Interest in supporting student research and developing occasional short-term study abroad courses for the College’s four-week January term is expected.

The successful candidate will have an active research agenda and will join a student-centered department where teaching and mentoring are valued as the highest priority. Such mentorship in recent years has led students in the department to Marshall, Truman, and Rhodes scholarships as well as to national recognition by departmental faculty for teaching excellence. The teaching load is 3-3 with an additional course taught during each January term. The successful candidate will demonstrate a liberal arts orientation with an established record of teaching quality, international experience, and professional development.

Candidates must be authorized to work in the United States as of the expected hire date and throughout the date of the contract without sponsorship from The College of Idaho.

A private liberal arts institution founded in 1891, The College of Idaho is situated on a 50-acre park-like campus and enrolls 1050 students. Boise, the state capital, is nearby, offering a rich cultural environment, including philharmonic, opera, dance, theatre, and a summer-long Shakespeare festival. The location is within easy reach of Idaho’s splendid mountains, providing outdoor opportunities such as hiking, biking, skiing, fishing, and whitewater sports.

Applications must include letter of interest, CV, statement of liberal arts teaching philosophy, sample syllabi, recent course evaluations, and at least three letters of recommendation. The letter of interest should discuss the advantages of Political Economy vis-à-vis the mainstream disciplines of Economics and Political Science. Submit application materials to hr@collegeofidaho.edu, subject heading ‘Political Economy Search.’ Review of applications begins October 14, 2014. To learn more about The College of Idaho, please visit www.collegeofidaho.edu

The College of Idaho is proud to be an equal opportunity employer. We are committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce.

The Norwegian University of Science and Technology, Norway

Job Titles: PhD position x1 and a Post-doctoral fellowship

The Norwegian University of Science and Technology (NTNU, Trondheim), Department of Historical Studies, offers 2 positions (1 full-time 3-year PhD position and 1 full-time 3-year post-doctoral fellowship) within the project "The Hidden Companies of the Global Economy: the Development of Global Commodity Traders, 1945-2015", funded by the Norwegian Research Council (NFR) and NTNU. The PhD candidate will work with Associate Professor Espen Storli (NTNU). The project will investigate the development of global commodity traders after 1945. Secretive and anonymous, a handful of large companies dominate the trading of the basic commodities that the modern world needs to function. Due to their low profile, these companies have been characterized as the "hidden companies" of the global economy. This project will focus on the history of specialized metal and oil trading companies to increase our understanding of the historical development of the global flow of resources and of economic globalization.

For the post-doc position: The postdoctoral project will contribute towards the full project by developing a subproject analyzing issues relating to the historical development of commodity trading companies. Applicants should hold a PhD in history or a related field. The salary for the fellowship is set at Norwegian state salary NOK 482 500,- (2014)

For the PhD position: The PhD project will contribute towards the full project by developing a subproject analyzing issues relating to the historical development of commodity trading companies.We encourage applicants with research backgrounds in history, especially, within business-, economic-, or political history, to apply for this PhD position. Applicants should hold a Master's degree or equivalent in Social Sciences or Humanities/Arts. The PhD position is remunerated according to salary scale 50 in the national salary scheme, gross NOK 429 400,- annually, of which 2 % is deducted for the State Pension Scheme. PhD study at NTNU is organized in PhD programmes. Successful applicant for the PhD position must apply and be accepted to the relevant PhD-programme following his/her employment.

The desired starting date is January 1, 2015. Work place will be at NTNU.

Applications The application and the project proposal must be written in English. Educational certificates and other documents should be in English or in a Scandinavian language. The application, marked with HF 14-021 (post-doc) or HF 14-020 (PhD), with attachments should be submitted electronically via JOBBNORGE by clicking on the button marked "APPLY FOR THIS JOB". Please notice that applications sent by e-mail will not be considered.

To receive a full description of the research project, please contact Associate Professor Espen Storli, espen.storli@ntnu.no. Any other inquiries concerning the post should also be directed to him.

Complete applications include: (1) a brief statement of interest, (2) a project proposal outlining how the PhD project will contribute towards the bigger project of not more than five pages, (3) a full CV, (4) one representative publication, and (5) the names and e-mail addresses of two references. Applicants that are considered for the positions will be asked for references and called in for an interview. Appointments will be made in accordance with the current regulations for universities. The successful applicants must agree to the conditions that apply to public employees. A contract will be drawn up regarding the period of appointment and required duties. Primary residency in Trondheim is a prerequisite.

It is a major political objective to achieve a balance of age and gender in the national labour force and to recruit people with an immigrant background. Immigrants are encouraged to apply for the positions. NTNU wants to increase the proportion of women in its scientific posts. Women are therefore encouraged to apply.

More information and application form is available here (PhD position) and here (post-doc felloship).

University of Massachusetts Boston, US

Job Titles: Assistant Professor and Associate Professor at the Department of Economics;

JEL Classification: F6 Economic Impacts of Globalization; I1 Health

The Department of Economics at UMass Boston invites applications for a tenure-track Assistant Professor and a tenure-track or tenured Associate Professor, to begin September 1, 2015.

These positions will support our growing cohorts of undergraduate majors as well as the department's M.A. in Applied Economics. We are interested in candidates who include an international comparative approach, heterodox political economy, feminist approaches, applied policy analysis, and/or innovative methodologies in their research. Additionally, the applicant is expected to demonstrate an ability to secure external funding.

Candidates should have a successful teaching record and the capacity to contribute to undergraduate general education, the economics major, and graduate instruction. Evidence of successful teaching with diverse students, including international students, is highly desirable. Candidates must have completed the Ph.D. by no later than August 31, 2015. Evidence of progress towards an excellent scholarly record is necessary.

Review of applications will begin on November 15, 2014. We will be doing preliminary interviews at the ASSA meetings in Boston.

All applications must be submitted online here.

Please submit a letter of application, curriculum vitae, a sample of written work, evidence of teaching effectiveness, and the names and email addresses of three references. Please include in your letter of application an explanation of how your work would complement the heterodox nature of the department.


Job Title: Assistant Professor of Economic Thought, Methodology & Heterodox Approach

JEL Classification: B - History of Economic Thought, Methodology, and Heterodox Approaches

The Department of Economics and the Honors College at the University of Massachusetts Boston invite applications for a tenure-track Assistant Professor, to begin September 1, 2015. This position will be a joint appointment in the Honors College and the Economics Department and will support the growing cohorts of Honors College undergraduate students and, in the Economics Department, the increasing numbers of undergraduate majors as well as the Department's M.A. in Applied Economics. Teaching and service responsibilities will be spread across the Honors College and the department of Economics. The applicant should be able to develop and teach innovative interdisciplinary seminars to intellectually ambitious non-majors in the Honors College.

We are especially interested in candidates who include heterodox political economy, feminist approaches, applied policy analysis, or innovative methodologies (including interdisciplinary approaches that draw on philosophy, psychology, and other disciplines) in their research. A strong interest in the economic impacts of globalization or in public health would be advantageous. Additionally, the applicant is expected to demonstrate an ability to secure external funding.

Qualifications: Candidates should have a successful teaching record and the capacity to contribute to the development of the newly announced Honors College, undergraduate general education, and the economics major. Evidence of successful teaching with diverse students, including international students, is highly desirable. Candidates must have completed the Ph.D. by no later than August 31, 2015. Evidence of progress towards an excellent scholarly record is necessary.

Review of applications will begin on November 15, 2014. We will be doing preliminary interviews at the ASSA meetings in Boston.

All applications must be submitted online here.

Please submit a letter of application, curriculum vitae, a sample of written work, evidence of teaching effectiveness, and the names and email addresses of three references. Please include in your letter of application an explanation of how your work would complement the heterodox nature of the Economics Department.

UMass Boston provides equal employment opportunities (EEO) to all employees and applicants for employment.

University of Science and Arts of Oklahoma, US

Job Title: Assistant Professor of Economics (Social Sciences and Business)

JEL Classification: A - General Economics and Teaching;

The University of Science and Arts of Oklahoma invites applicants for a tenure-track position at the rank of Assistant Professor. The successful candidate will be a generalist who will teach both introductory and upper-division coursework leading to a B.A. degree in economics, and will team-teach in USAO’s Interdisciplinary Core Curriculum.

Candidates must have a strong interest in undergraduate teaching, academic advising, supervision of undergraduate research, and university service. Scholarly activity, broadly defined, is expected. Doctorate in Economics preferred (Ph.D. required for rank and tenure consideration); ABD will be considered. Applications from all economic traditions are welcomed. A record of successful teaching in higher education is desired along with a record of scholarship; evidence of potential for scholarly productivity is required. Individuals with an understanding of and commitment to interdisciplinary, liberal arts education will be given the most careful consideration.

Applicants should submit all materials via the JOE Network. Address any questions to Jennifer Long at jlong@usao.edu.

More information about the University and the department is available here.


CES Research Network European Integration et al. announce their "2014 Paper prize for researchers in early stages of their career"

The CES Research Network European Integration and the Global Political Economy: new directions and the journal Comparative European Politics announce their "2014 Paper prize for researchers in early stages of their career".

We are delighted to announce the 2014 round of our annual journal article prize competition, in collaboration with Comparative European Politics (CEP). This is an opportunity developed specifically for researchers in early stages of their career, to support publication of excellent work among younger scholars.

We invite papers that speak to the remit of the network and the journal (see below). Papers presented at the annual CES conference can be submitted, as well as papers submitted in doctoral workshops or other events.

Paper submissions for consideration of the prize have to be original, English-language, unpublished work, written during the doctoral stage of the author. Papers should not exceed a length of 8,000 words, including notes and references, and should follow the Instructions for Authors specified by the journal.

The prize jury consists of two members of the network board, as well as two members of the CEP editorial board. Please submit your papers to Holly Snaith (hs@ifs.ku.dk) by 1 December 2014 at the very latest. All papers submitted will be peer-reviewed and the outcome of the competition will be announced in the spring of 2015. The winning paper will also be announced at the CES conference in Paris, 8-10 July 2015, and will be fast-tracked for publication in Comparative European Politics, pending required amendments.

Please address all questions to Holly Snaith (hs@ifs.ku.dk). We look forward to receiving many interesting papers!

Best wishes, the network board: Caroline de la Porte, Claes Belfrage, Ben Rosamond, Regine Paul, Vivien Schmidt, Aidan Regan and Holly Snaith

Remit of CES Network European Integration and Global Political Economy

The mission of this network is to illuminate contemporary developments in European integration as related to the global political economy. Hence, the network focuses on the period since the passage of the Lisbon Treaty and the onset of the economic crisis, which has been characterized by intensified pressures from globalization.

About Comparative European Politics

Comparative European Politics is an international forum for research, theory and debate on the comparative politics and political economy of contemporary Europe within and beyond the European Union, the processes of European integration and enlargement and the place of Europe and European states within international/global political and economic dynamics.

Robin Cosgrove Prize in ethics in finance

The mission of the Ethics in Finance – Robin Cosgrove Prize is to stimulate a global reflection on ethics in finance. Through the website, the Prize creates an international conversation on the sustainable future of the banking, financial services and insurance sectors on strong ethical awareness and commitment to integrity. It honours the vision of Robin, a bright investment banker who died at age 31. He believed passionately that more needed to be done to encourage young professionals in banking, insurance and other finance sectors to focus on building trust and ethical awareness. The Prize is managed by the Observatoire de la Finance, a Swiss not-for-profit foundation based in Geneva (www.obsfin.ch) and Dr Carol Cosgrove Sacks.

The Prize is aimed at young professionals, academics and advanced students, under the age of 35. Candidates are invited to submit unpublished written papers in English or French to the global edition ; Papers (maximum of 5,000 words including notes and bibliography) could be analytical in character or proposals for practical projects. In all cases, they should meet three criteria:

Anyone wishing to participate, should submit an expression of interest via www.robincosgroveprize.org. In return you will receive the rules and an official application form.

An international jury of prominent experts in finance and ethics will designate prizewinners and allocate the sum of USD 20,000 between them.

The prizewinners will be announced at a special ceremony to be held in late 2015.

The 2014 winner of MarkBlaug Prize in Philosophy and Economics

The 2014 MarkBlaug Prize in Philosophy and Economics has been awarded to Guus Dix (Maastricht University) for his article "Ricardo’s discursive demarcations: a Foucauldian study of the formation of the economy as an object of knowledge"
[Link: http://ejpe.org/pdf/prepub-dix.pdf]

Praise from the judges

I learned much from this article - its Foucauldian analysis gave me a better understanding of modern economics. Ricardo is the founding grandfather of current economics and so the study of Ricardo’s demarcations of the object of knowledge explains much about how and what modern mainstream economics studies. - Marcel Boumans

The use of Foucault and the idea of discursive demarcations is promising. The whole idea of the development of the concept of an economy and the definition of the boundaries of economics is a very interesting one. - Malcolm Rutherford

This article focuses on a neglected aspect of economics, namely how economists distinguished their subjects from other sciences. Since economics is a relatively new stand‐alone science, this is a valuable research question. Why have some aspects been included while others are left out? Dix tries to answer this question in relation to David Ricardo, one of the founders of economics who undeniably influenced generations of succeeding economists. Dix investigates Ricardo's 'discursive demarcations', an approach inspired by Foucault which turns out to be a very interesting and useful approach, and one that may be very helpful in examining the work of other scholars, whether economists or other scientists. This article is all in all a very interesting examination of the history and philosophy of economics. - Reinhard Schumacher

About the Prize

The MarkBlaug Prize is intended to promote and reward the work of young scholars in philosophy and economics. It is named in honour of Professor MarkBlaug (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.

The 2015 winners of the Leontief Prize for "Advancing the Frontiers of Economic Thought"

GDAE will award its 2015 Leontief Prize for Advancing the Frontiers of Economic Thought to Duncan Foley and Lance Taylor. This year's award, titled "Macroeconomics in the Age of Climate Change," recognizes the contributions that these researchers have made to our understanding of the relationships between environmental quality and the macroeconomy.

“Our Institute’s work has been much influenced, and has greatly benefited, by the ways in which Dr. Foley and Dr. Taylor have crossed the boundaries between economics and other disciplines to produce the kind of rigorous analytical work that the Leontief Prize was created to recognize,” said GDAE Co-Director Neva Goodwin. “Dr. Taylor’s research has integrated relevant social relations into macroeconomic models, and is of critical importance for understanding present and future environmental realities and challenges. Dr. Foley’s unique approach to combining research on political economy with advances in statistics and a broad grasp of the relevant data has produced a deeper appreciation of the policy consequences of economists’ choices in theories and models.”

The ceremony and lectures by the awardees will take place in the spring of 2015 at Tufts University; further details will be forthcoming.

Dr. Duncan Foley is the Leo Model Professor of Economics at the New School for Social Research. An extraordinarily productive economist, he has made seminal contributions to a wide range of topics, such as economic theory, statistical reasoning, Marxian value theory, and problems of social coordination. Recent research includes work on the economics of global warming, economics and thermodynamics, complexity theory and Classical political economy (Unholy Trinity: Labor, Capital and Land in the New Economy, 2003). In 2006, he published Adam's Fallacy: A Guide to Economic Theology, which discusses the history of political economy and economics. Dr. Foley graduated from Swarthmore College with a B.A. in Mathematics in 1964, and received a Ph.D. in Economics from Yale University in 1966.

Dr. Lance Taylor is the Emeritus Professor of Economics at the New School for Social Research and the former Arnhold Professor of International Cooperation and Development. He received a Ph.D. in economics from Harvard University in 1968. He has been a Professor in the economics departments of Harvard and the Massachusetts Institute of Technology, as well as a Visiting Professor at the University of Minnesota, the Universidade da Brasilia, Delhi University, and the Stockholm School of Economics. He moved to the New School in 1993. Dr. Taylor has published widely in the areas of macroeconomics, development economics and economic theory. His most recent book is Maynard’s Revenge: The Collapse of Free Market Macroeconomics. He has served as a visiting scholar or policy advisor in over 25 countries, including Chile, Brazil, Mexico, Nicaragua, Cuba, Russia, Egypt, Tanzania, Zimbabwe, South Africa, Pakistan, India, and Thailand.

About the Leontief Prize

GDAE inaugurated its economics award in 2000 in memory of Nobel Prize-winning economist and GDAE advisory board member Wassily Leontief. The Leontief Prize recognizes economists whose work, like that of the institute and Leontief himself, combines theoretical and empirical research to promote a more comprehensive understanding of social and environmental processes.

The inaugural prizes were awarded in 2000 to John Kenneth Galbraith and Nobel Prize winner Amartya Sen. Since then, GDAE has awarded the Leontief Prize to Paul Streeten, Herman Daly, Alice Amsden, Dani Rodrik, Nancy Folbre, Robert Frank, Richard Nelson, Ha-Joon Chang, Samuel Bowles, Juliet Schor, Jomo Kwame Sundaram, Stephen DeCanio, José Antonio Ocampo, Robert Wade, Bina Agarwal, Daniel Kahneman, Nicholas Stern, Martin Weitzman, C. Peter Timmer, Michael Lipton, Albert O. Hirschman (posthumous), Frances Stewart, Angus Deaton, and James K. Galbraith.

William Waters Grant 2015

The purpose of the William R. Waters Research Grant Program is to inspire scholars to organize their research in social economics and social economy along the lines suggested by William Waters in his 1988 presidential address to the Association for Social Economics.

The research grant is for promising new faculty members who have not yet been granted tenure and for graduate students in Ph.D. programs who have not yet completed their dissertation.

The grant provides one or more awardees with funding of $5,000 to pursue research during Summer 2015 on a topic related to social economics.

The application form and instructions can be found at the ASE website.

Questions about the grant may be sent to Prof. Giuseppe Fontana (gf@lubs.leeds.ac.uk), Vice president of the Association for Social Economics. Please post or circulate this information and the attached poster.

The deadline for receipt of all application materials is November 1, 2014.


Journal of Evolutionary Economics, 24 (4)

Wilfred Dolfsma, Gerben van der Velde: Industry innovativeness, firm size, and entrepreneurship: Schumpeter Mark III?

Torben Klarl: Knowledge diffusion and knowledge transfer revisited: two sides of the medal

Giovanna Devetag, Francesca Pancotto, Thomas Brenner: The minority game unpacked

Richard Povey: Punishment and the potency of group selection

Gabriele Tedeschi, Stefania Vitali, Mauro Gallegati: The dynamic of innovation networks: a switching model on technological change

Ángela Rocío Vásquez-Urriago, Andrés Barge-Gil, Aurelia Modrego Rico, Evita Paraskevopoulou: The impact of science and technology parks on firms’ product innovation: empirical evidence from Spain

James Simmie, Rolf Sternberg, Juliet Carpenter: New technological path creation: evidence from the British and German wind energy industries

Jaime Gómez, Raquel Orcos, Sergio Palomas: The evolving patterns of competition after deregulation: the relevance of institutional and operational factors as determinants of rivalry

Capital & Class, 38 (3)

Owen Worth: Stuart Hall, Marxism without guarantees, and ‘The hard road to renewal’

Phoebe Moore and Kirsten Forkert: Class and panic in British immigration

Richard Johnson: Learning from ‘SH’: 1974-1979, 2012-14

M. Karim Sorour and Bidit Lal Dey: Energising the political movements in developing countries: The role of social media

David Beale and Ernesto Noronha: Indian public-sector trade unionism in an autocratic political climate: The distinctive case of Gujarat

Chris Grocott and Jo Grady: ‘Naked abroad’: The continuing imperialism of free trade

Vasilis Grollios: Dialectics and democracy in Georg Lukács’s Marxism‘Naked abroad’: The continuing imperialism of free trade

William Haydock: ‘20 tins of Stella for a fiver’: The making of class through Labour and Coalition government alcohol policy

Economic Thought, 3 (2)

Constantinos Repapis: J.M. Keynes, F.A. Hayek and the Common Reader

Jorge Morales Meoqui: Reconciling Ricardo’s Comparative Advantage with Smith’s Productivity Theory

Grazia Ietto-Gillies: The Theory of the Transnational Corporation at 50+

John Cantwell: A commentary on Grazia Ietto-Gillies’ paper: The Theory of the Transnational Corporation at 50+

Grazia Ietto-Gillies: Reply to John Cantwell’s Commentary on Grazia Ietto-Gillies’ paper: ‘The Theory of the Transnational Corporation at 50+’

Claudio Gnesutta: If ‘Well-Being’ is the Key Concept in Political Economy...

Economic and Labour Relations Review, 25 (3): Special Issue on "Crisis, Austerity, Neoliberalism and alternatives"

Keynote Articles

Amit Bhaduri: What remains of the theory of demand management in a globalising world?

Jeffrey Sommers, Charles Woolfson and Arunas Jusk: Austerity as a global prescription and lessons from the neoliberal Baltic experiment


Bill Dunn: Making sense of austerity: The rationality in an irrational system

Ahmed Taneem Muzaffar and Anis Chowdhury: The IMF and the policy of low inflation: A review of Article IV consultations for selected Asian developing countries

Wendy Harcourt: Women and the European crisis

Martin Watts, Timothy Sharpe and James Juniper: Reformation or exodus: Assessing the future of the Euro

Bill Lucarelli: The Euro: A currency in search of a state

Matthew Gray, Monica Howlett and Boyd Hunter: Labour market outcomes for Indigenous Australians

Review Article

Peter Kriesler and JW Nevile: The collapse of neoliberal capitalism: Causes and cures: A review article

Book review

Victor Quirk: Mark Blyth, Austerity: The History of a Dangerous Idea

Forum for Social Economics, 43 (3)

Luiz Carlos Bresser-Perreira: Inequality and the Phases of Capitalism

Alessandro Caiani, Andrae Fumagalli, Stefano Lucarelli: Contemporary Capitalism as a New Monetary Economy of Production: The Logic of Conventions, M&A, and LBOs

John Levendis: The Macroeconomic Consequences of Mixing Sunnis and Shias: A Bayesian Errors-in-Variables Approach

Andrew J. Brennan, Phillip A. O'Hara: Book review - Eco-Sufficiency and Global Justice

Industrial and Corporate Change, 23 (5)

Spyros Arvanitis and Martin Woerter: Firm characteristics and the cyclicality of R&D investments

Herbert Dawid and Simon Gemkow: How do social networks contribute to wage inequality? Insights from an agent-based analysis

Johannes Glückler and José Luis Sánchez-Hernández: Information overload, navigation, and the geography of mediated markets

Santiago Mingo and Tarun Khanna: Industrial policy and the creation of new industries: evidence from Brazil’s bioethanol industry

Anna Bergek and Ksenia Onufrey: Is one path enough? Multiple paths and path interaction as an extension of path dependency theory

Damian Hine, Rachel Parker, Lisette Pregelj, and Martie-Louise Verreynne: Deconstructing and reconstructing the capability hierarchy

Vinit Desai: Learning to behave badly: performance feedback and illegal organizational action

Maryam Nasiriyar, Lionel Nesta, and Ludovic Dibiaggio: The moderating role of the complementary nature of technological resources in the diversification–performance relationship

Intereconomics, 49 (5)

Steven Blockmans: The great devolution of powers bazaar

Sebastian Strunz , Erik Gawel , Paul Lehmann , Teresa Ribera , Andreas Rüdinger , Ralf Boscheck , Christian Egenhofer & Jacques de Jong: Energy policy: European, national, regional?

Axel Jochem & Stefan Reitz: The impact of global factors on stock market movements in emerging market economies

Oliver Bruttel: Spain between resignation and hope

Phedon Nicolaides & Nadir Preziosi: Discretion and accountability: An economic analysis of the ESMA judgment and the Meroni doctrine

Francesco Bogliacino: Inequality and Europe 2020

Darrell M. West: Wealthification in the United States and Europe

Rethinking Marxism, 26 (4)

Nick Hardy: Wolff, Althusser, and Hegel: Outlining an Aleatory Materialist Epistemology

Elizabeth A: Ramey: Farm Subsidies and Technical Change: State-Mediated Accumulation in U.S. Agriculture

James A. Tyner: Violence, Surplus Production, and the Transformation of Nature during the Cambodian Genocide

Kenneth M. Levin: A Class Theory of Hybrid-Directed Enterprises

Gregory C. Flemming: In the Beginning … Was the Act! Money, Analysis, Party

Ernst Fischer: Summer of Equivalence

Ted Stolze: An Ethics for Marxism: Spinoza on Fortitude

Konstantina Kalfa: On Creatively Destructing

Nandita Raman: A Reverent Commemoration of Sequence of Heroic Acts

real-world economics review, 69: Special Issue on Piketty's Capital

Robert Wade: The Piketty phenomenon and the future of inequality

Yanis Varoufakis: Egalitarianism’s latest foe

Lars Syll: Piketty and the limits of marginal productivity theory

Ann Pettifor and Geoff Tily: Piketty’s determinism?

Heikki Patomäki: Piketty’s global tax on capital

Richard Parker: Reading Piketty in Athens

Alicia Puyana Mutis: Pondering Mexican hurdles while reading Capital in the XXI Century

Richard Koo: Piketty’s inequality and local versus global Lewis turning points

Merijn Knibbe: The growth of capital

Michael Hudson: Piketty vs. the classical economic reformers

Claude Hillinger: Is Capital in the Twenty-first century Das Kapital for the twenty-first century?

Jayati Ghosh: Piketty and the resurgence of patrimonial capitalism

James K. Galbraith: Unpacking the first fundamental law

Edward Fullbrook: Capital and capital: The second most fundamental confusion

David Colander: Piketty’s policy proposals: How to effectively redistribute income

Victor. A. Beker: Piketty: Inequality, poverty and managerial capitalism

Dean Baker: Capital in the Twenty-First Century: Are we doomed without a wealth tax?

Books and Book Series

Debtfare States and the Poverty Industry: Money, Discipline and the Surplus Population

By Susanne Soederberg | 2014, Routledge

Under the rubric of ‘financial inclusion’, lending to the poor –in both the global North and global South –has become a highly lucrative and rapidly expanding industry since the 1990s. A key inquiry of this book is what is ‘the financial’ in which the poor are asked to join. Instead of embracing the mainstream position that financial inclusion is a natural, inevitable and mutually beneficial arrangement, Debtfare States and the Poverty Industry suggests that the structural violence inherent to neoliberalism and credit-led accumulation have created and normalized a reality in which the working poor can no longer afford to live without expensive credit.

The book further transcends economic treatments of credit and debt by revealing how the poverty industry is extricably linked to the social power of money, the paradoxes in credit-led accumulation, and ‘debtfarism’. The latter refers to rhetorical and regulatory forms of governance that mediate and facilitate the expansion of the poverty industry and the reliance of the poor on credit to augment/replace their wages. Through a historically grounded analysis, the author examines various dimensions of the poverty industry ranging from the credit card, payday loan, and student loan industries in the United States to micro-lending and low-income housing finance industries in Mexico.

Providing a much-needed theorization of the politics of debt, Debtfare States and the Poverty Industry has wider implications of the increasing dependence of the poor on consumer credit across the globe, this book will be of very strong interest to students and scholars of Global Political Economy, Finance, Development Studies, Geography, Law, History, and Sociology.

Link to the book is available here.

Islam and «Scientific» Economics: In the Pursuit of a New Paradigm

By Hasan Gürak | 2014, Peter Lang

In an Islamic society, it is ethics that dominates and determines all behavior, including economic behavior. The Holy Koran emerges as the main source of all economic behavior and practices which are subject to the commands of Allah as stated in the Koran. Since Islam is a universal religion, the Islamic economic paradigm with its «scientific» Islamic economic theories has to be comprehensive as well as perfect in the sense of fairness, ethical values and fruitfulness. A universal Islamic economic system ought to have universally applicable economic laws acceptable by both, the Muslim and the non-Muslim world – meaning that when the word Islamic is taken out of the equation; it should appeal to all societies and countries equally, regardless of their religious persuasion. The question now is; do Islamic economics offer such «scientific» economic theories? Surprisingly, there were no such theories at all. In fact, there was not even a theory of interest, the most frequently referred to subject in Islamic economics. This appeared to be a serious omission. The Holy sources may be more than sufficient for Muslims, but what about non-Muslims? Isn’t it justified to expect Islamic «scientific» economic models and theories that are applicable to or able to guide non-Muslims?

Link to the book is available here.

Africa's World Trade: Informal Economies and Globalization from Below

By Margaret C. Lee | 2014, Zed Books

Are Africa's world markets really contributing to enhance development across the continent for individuals, nations, and regions? This is the key question posed by Margaret Lee in this provocative book, in which she argues that all too often the voices of African traders are obscured amid a blizzard of statistical analysis. However, it is these very voices - from those operating on the ground as formal or informal traders - that must be listened to in order to form a true understanding of the impact trade regimes have on these individuals and their communities.

Featuring a wealth of oral histories from across sub-Saharan Africa and beyond - including Africans in China - Africa's World Trade offers a unique insight into how the complexity of international trade agreements can shape the everyday lives of ordinary Africans.

Link to the book is available here.

Banking, Monetary Policy And The Political Economy Of Financial Regulation: Essays in the Tradition of Jane D'Arista

Edited by Gerald A. Epstein, Tom Schlesinger and Matías Vernengo | 2014, Edward Elgar Publishing

‘Jane D’Arista is one of those towering figures who thinks way ahead of the conventional understandings. A generation ago she recognized the distorted architecture of finance and banking and described in lucid detail the reform agenda for restoring a stable and equitable system. Written in the tradition of D’Arista, the essays in this important collection point the way toward overcoming the recurrent financial disorders of our gilded age. Like Jane D’Arista’s work, this timely volume demands the attention of both policy experts and the politicians who must do the reconstruction.’ – William Greider, author of Secrets of the Temple: How the Federal Reserve Runs the Country

The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against for many years before the crisis by economist Jane D’Arista, among others. Now, writing in the tradition of D’Arista's extensive work, the internationally renowned contributors to this thought-provoking book discuss research carried out on various indicators of the crisis and illustrate how these perspectives can contribute to productive thinking on monetary and financial policies.

Link to the book is available here.

Handbook On The Economics And Theory Of The Firm

Edited by Michael Dietrich and Jackie Krafft | 2014, Edward Elgar Publishing

This unique Handbook explores both the economics of the firm and the theory of the firm, two areas which are traditionally treated separately in the literature. On the one hand, the former refers to the structure, organization and boundaries of the firm, while the latter is devoted to the analysis of behaviours and strategies in particular market contexts. The novel concept underpinning this authoritative volume is that these two areas closely interact, and that a framework must be articulated in order to illustrate how linkages can be created.

Link to the book is available here.

Inequality and the 1%

By Danny Dorling | 2014, VersoBooks

Can we afford the rich? Why the growth of the wealthy is making the UK a more dangerous place to live. Since the great recession hit in 2008, the 1% has only grown richer while the rest find life increasingly tough. The gap between the haves and the have-nots has turned into a chasm. While the rich have found new ways of protecting their wealth, everyone else has suffered the penalties of austerity. But inequality is more than just economics. Being born outside the 1% has a dramatic impact on a person's potential: reducing life expectancy, limiting education and work prospects, and even affecting mental health.

What is to be done? In Inequality and the 1% leading social thinker Danny Dorling lays bare the extent and true cost of the division in our society and asks what have the superrich ever done for us. He shows that inquality is the greatest threat we face and why we must urgently redress the balance.

Link to the book is available here.

Intellectual Work and the Spirit of Capitalism: Weber's Calling

By Thomas Kemple | 2014, Palgrave Macmillan

This book treats three lectures that Weber gave in the last decade of his career as a podium or prism from which to approach his best-known treatises and essays on the rise of occidental capitalism. His remarks on 'Technology and Culture' (1910) and his famous 'Science as a Vocation' (1917) and 'Politics as a Vocation' (1919 lectures) offer a standpoint for assessing the contemporary relevance of Weber''s notion of ''interpretive understanding'', including the place of ideal types and value-judgments in sociology, as well as the use of rhetorical techniques and literary methods in scholarly discourse more generally. These public moments invite us to consider how both his most celebrated and least known arguments about the origins of the ''spirit'' of modern capitalism and the fateful force of bureaucracy continue to raise questions about the prospect and promise of intellectual work that still concern us today.

Link to the book is available here.

Macroeconomic Foundations of Financial Analysis: A case study of Turkey as a monetary production economy

By Ilker Aslan | 2014, Logos Verlag

Despite the implementation of neoliberal policies since 1980, why is the Turkish economy still not a 'developed' economy? Why has the promised prosperity not arrived? Why is the unemployment rate obscenely high and income distribution so distorted? Why do we experience frequent crashes in the economy and why are the capital sources increasingly directed to the financial sector instead of the real sector? If the economy is growing, where is the wealth being channeled?

This research is an attempt to demonstrate the incompatability of the neoclassically-inspired neoliberal model in theory and practice to the economic matters of modern Turkey. In an increasingly finance-centered economy, it is now more important than ever to rethink our economic paradigms and work on creating an economic model on the level of principles in order to bring about equitable income distribution and eliminate widespread unemployment. With these aims in mind, the author argues that the classical-Keynesian political economy is a more plausible theoretical alternative than neoliberalism and socialism. This work will provide an insight to the challenges in Turkish macroeconomic governance and showcase that classical-Keynesian answers are more fitting to answer Turkey's chronic economic problems for the present and the future.

Link to the book is available here.

The Political Economy and Media Coverage of the European Economic Crisis: The case of Ireland

By Julien Mercille | 2014, Routledge

The European economic crisis has been ongoing since 2008 and while austerity has spread over the continent, it has failed to revive economies. The media have played an important ideological role in presenting the policies of economic and political elites in a favourable light, even if the latter’s aim has been to shift the burden of adjustment onto citizens. This book explains how and why, using a critical political economic perspective and focusing on the case of Ireland. Throughout, Ireland is compared with contemporary and historical examples to contextualise the arguments made.

The book covers the housing bubble that led to the crash, the rescue of financial institutions by the state, the role of the European institutions and the International Monetary Fund, austerity, and the possibility of leaving the eurozone for Europe’s peripheral countries. Through a systematic analysis of Ireland’s main newspapers, it is argued that the media reflect elite views and interests and downplay alternative policies that could lead to more progressive responses to the crisis.

Link to the book is available here.

Towards a New Understanding of Sraffa Insights from Archival Research

Edited by Riccardo Bellofiore and Scott Carter | 2014, Palgrave Macmillan

Towards a New Understanding of Sraffa examines the legacy of Piero Sraffa by approaching his ideas in a new light, thanks to the insights gained from the opening of the archive collection of his papers at the Wren Library (Trinity College, Cambridge, UK). It provides a refreshing perspective into Sraffa's approach to money, the role of equilibrium and of the surplus in economic theory.

The study is backed by previously unpublished, original, archival material. It provides an appraisal of the discontinuities in the path leading to the publication in 1960 of Production of Commodities by Means of Commodities since its conception in the late 1920s. It unlocks significant new perspectives about the connection of Sraffa to Marx regarding Standard commodity, the macro-social and monetary theory of exploitation, the tendency of the rate of profit to fall, and the transformation of values into prices of production. It also offers insights on how Sraffa dealt with money in the various phases of his thinking, and explores his ideas about the role of equilibrium and of the surplus in economic theory. It concludes with an account of some recent Sraffa scholarship and points towards future research avenues.

Link to the book is available here. Receive 30% off with discount code PM14THIRTY @ checkout if you order until 30/11/2014.

Book Reviews

Economic Reform Now: A Global Manifesto to Rescue Our Sinking Economies

Economic Reform Now: A Global Manifesto to Rescue Our Sinking Economies, by Heiner Flassbeck, Paul Davidson, James K. Galbraith, Richard Koo, and Jayati Ghosh. New York: Palgrave Macmillan, 2013. ISBN: 978-1-137-36165-3; 180 pages.

Reviewed by Luis Reyes, Centre d’Economie Paris Nord, Paris 13 University

The full review of the book is available here.

Heterodox Graduate Programs, Scholarships and Grants

Post Doctoral Fellowship Opportunity, Lesika Family Field Laboratory/Observatory in South Africa


The Department of Economics at the University of Free State is collaborating with various national and international partners on a new research programme titled the “Lesika Family Field Laboratory”. Some of the Economics experiments conducted as part of this programme comprise part of the “Family Observatory for Preventive and Developmental Social Work” project funded under a grant from the Presidency’s EU- funded Programme to Support Pro-Poor Policy Development (PSPPD).

At present, there are two open calls for full-time, residential Post-Doctoral scholarships available to researchers who want to join the above-mentioned research programme. The details are as follows:

Directorate Research Development, University of the Free State (UFS):

Centre of Excellence in Human Development, National Research Foundation (NRF):

Scholarships are tax-free.



Potential applicants should provide the following documentation together with an email confirming their interest in applying for a fellowship: letter of motivation (articulating their career ambitions and scholarly motivation as well as details of their major academic and scholarly accomplishments); Curriculum Vitae (CV); copies of 1-3 relevant research publication; full transcripts of under-graduate and post-graduate academic record; copy of Doctoral degree certificate; copy of ID document/passport.

Kindly submit your expression of interest, documentation and any related inquiries to Professor Frikkie Booysen at booysenf@ufs.ac.za and booysenfrikkie@gmail.com.

Deadline: 31 October 2014

The research team will work together with selected qualifying applicants to put together the 1-2 page research proposal to accompany their scholarship application.

More information is available here (pdf).

The University of Sydney offers a master programm in political economy

The Political Economy program at the University of Sydney offers unparalleled insight into the key trends underlying the global economy and its transformation. Designed and taught by the largest group of political economists at any Australian university, this program looks at economic questions in their social and political context and from different theoretical perspectives. You will gain a deep understanding of issues of power and inequality, the forces of globalisation and their impacts on national economic policy settings, and trade-offs between the free market and broader social concerns. You will also engage with issues such as: finance, economic and social policy, development and trade, economic management for sustainability, labour and migration, regional economies and economic rights.

You can find full details of the program here. Duration: 18 months full-time

You may also like to contact Bill Dunn, the PG Coursework Coordinator via email: bill.dunn@sydney.edu.au

Applications close on 31 January for commencement in Semester 1 and 30 June for a Semester 2 start.


Global Development And Environment Institute

Timothy A. Wise: Feeding the World: The ultimate first-world conceit

Global Economic Governance Initiative

Kevin P. Gallagher and Jose Antonio Ocampo: China's Financial Floodgates

GEGI Working Paper Series

Kevin P. Gallagher and Daniela Magalhães Prates: Financialization and the Resource Curse: The Challenge of Exchange Rate Management in Brazil

New GEGI Task Force Report: Managing Financial Globalization in China

Capital Account Liberalization in China: The Need for a Balanced Approach


In Depth Analysis


Global Labour Column

Call for Support of the International Unions to Stop the Suppression of Democratic Movement in Hong Kong

Brian Kohler: Sustainability, Just Transition and Trade Unions

Sebastian Dullien: Why a European Unemployment Insurance would help to make European Monetary Union more sustainable


Tony Addison: From the Editor’s Desk

As the Finnish autumn embraces us, we can reflect on a very successful conference on ‘Inequality: Measurement, Trends, Impacts and Policies’, held in Helsinki on 5-6 September. UNU-WIDER welcomed 350+ people from all over the world, with an especially good turnout of early-career researchers. This included many from Africa. Meanwhile, I launched myself into twitter (@TonysAngle) and I do urge you to follow us here @UNUWIDER for the very latest news.

September’s issue of Angle contains a full report on our inequality conference by Roger Williamson ("Global inequality – what’s going on?").
We debated all aspects of the issue, including the drivers of the recent rise in inequality, and what can be done, policy-wise, to reduce it. Presentations, papers, videos, can be found here. Full article

Inequality is big news. Whether you think Thomas Piketty’s book is primarily long-run economic history or a prediction of future trends for returns to capital and labour, it is still a surprise that a big, serious economics book is a best seller.So perhaps it should be no surprise that the demand for places at the UNU-WIDER inequality conference should be high, attracting 350 participants (one of the biggest by UNU-WIDER standards), and that only 15 per cent of the papers offered to the conference could be accepted.


Andrés Solimano: Economic Elites, Crises and Austerity in 21st Century Capitalism

​The era of neoliberal capitalism starting by the late 1970s and early 1980s promotes free trade, capital mobility, fragmented migration, privatization, deregulation and marketization. On the social side neoliberalism seeks the weakening of labour unions and the strengthening of big capital. My book examines the main effects of this variant of global capitalism such as the rise of economic elites, the internal differentiation of the middle class and the marginalization of the traditional working classes, the higher frequency of financial crisis followed by austerity policies, the rise of the politics of nationalism and intolerance, the globalization of elites, migration and social movements. We end with some thoughts of an alternative based on the principles of economic democracy.


Successes and challenges of public financial management in Sierra Leone

Successful public financial management in Sierra Leone is one of the country’s main achievements since the end of the civil war that plagued it during the 1990s. Improvements are still required but the country’s successful performance in the midst of extremely precarious conditions is a case study of how timing, commitment and capacity are fundamental to PFM reform.

The effect of taxation on income inequality and growth in Latin America

Tax reforms representing a big shift in fiscal policy took place in Latin America in the 2000s. These reforms were initially prompted by the lack of adequate growth and the failure of previous policies to reduce income inequality. These reforms have played a large role in reducing inequality in Latin America, but are they sustainable?


Roger Williamson: Aid, growth and other issues - an interview with Finn Tarp

In this interview Finn Tarp, Director of UNU-WIDER, discusses the evidence uncovered in the aid and growth and other themes of the ReCom – Research and Communication on Foreign Aid programme, coordinated by UNU-WIDER 2011-13.

For Your Information

How to get published in academic journals

Following a session organized last year at the 2014 Boston Eastern Economic Association conferences by Steve Pressman, Louis-Philippe Rochon compiled a list of suggestions and advice, in consultation with 13 other editors representing 12 heterodox economic journals, on how to maximize your chances of getting published and on how to deal with journal editors.

While aimed at all scholars, we hope this will be useful to doctoral students and younger faculty members.

The Editors' notes with the title: "Getting your articles published: journals editors offer some advice" is available here (pdf).