Heterodox Economics Newsletter

Issue 217 August 14, 2017 web pdf Heterodox Economics Directory

It is always refreshing to watch heterodox economics grow and expand its intellectual scope. It does so against many odds and thereby adds a blink of intellectual diversity to the often monotonous outlook of modern mainstream economics. Against this backdrop, I was highly delighted to read about the emergence of a new department of Socio-Economics in Germany (at the University of Duisburg-Essen), which is currently seeking a series of candidates to significantly expand its activities. As always, all details can be found further below in the section on job postings.

However, expansion may come at the cost of losing ground and consolidating past knowledge is a sometimes tiresome, but highly important as well as fruitful task for academics. It is for these reasons that I applaude the efforts of Tae-Hee Jo, Lynne Chester and Carlo D'Ippoliti for composing the laudable "Handbook on Heterodox Economics". While an alternative Handbook on "research methods and applications in heterodox economics" has been around for some time, theirs is the first to really focus on "heterodox economics" without an additional qualifier. From what I have seen by looking at the proofs, the editors have done an amazing job in bringing together contributions reviewing the history and state of the art of heterodox economics from an explicitly pluralist perspective, which is why I recommend to order this book immediately ;-)

All the best,


© public domain

Table of contents

Call for Papers

6th International Seminary on Heterodox Microeconomics: "Competition, Corporate Governance and Global Value Chains of the Latin American Firms" (Mexico City, Nov 2017)

6-8 November, 2017 | National Autonomous University of Mexico, Mexico City

On 6th, 7th and 8th November 2017 the Faculty of Economics of the National Autonomous University of Mexico will organize the 6th International seminar on heterodox microeconomics on "Competition, Corporate Governance and Global Value Chains of the Latin American Firms".

The seminar will be in English and Spanish.

Special Guest: Professor Thomas Clarke, University of Technology, Sydney.

Call for papers

The community of teachers and researchers from national and international universities is invited to participate.

Interested applicants, researchers, professors and postgraduate students can propose individual papers or posters related to the theme pointed out from heterodox microeconomics point of view.

Deadline for submission of papers: October 1st, 2017.

More details about the Call for Papers here

Link to the conference website is available here.

Conference on "The importance of János Kornai's research for understanding the changing role of the state in the economy" (Budapest, Feb 2018)

21 February, 2018 | Corvinus University of Budapest, Hungary

The role of the state in the economy is profoundly changing in the aftermath of the global financial crisis. In Europe, in some countries the liberal political order is gradually challenged by governments with a protectionist, nationalist and ultimately authoritarian agenda. These new governments establish, function and solidify new government institutions and redefine market relations among private actors in a way that profoundly alters the state-society nexus. The financial crisis also had important repercussions on the functioning of the capitalist system. The economic institutions that were supposed to stabilize economic activities must be reformed and new institutions invented. Profound changes are under way not only in Europe, but also in the US under President Trump’s administration, that are bound to have consequences for the functioning of market institutions through redefining institutions of trust. In the developing world, numerous economies are under transformation. Most notably, China is in the quest for a new economic model to reform its Regionally Decentralized Authoritarianism.

We are only at the beginning of understanding these profound institutional changes of our economies. In searching for analytical tools and concepts to describe these changes we turn to the greatest minds for guidance. János Kornai is probably one of the most significant thinkers who can direct us in our quest for scientific clarity in institutional transformations. His insights into the functioning of the socialist and capitalist systems, the transition from socialism to capitalism and shortcomings of the institutions of market economies provide a plethora of analytical tools. The aim of this conference - organized on the occasion of Kornai’s 90 birthday - is to bring together scholars from a wide variety of disciplines (economists, political economists, political scientists, sociologists and historians), advanced scholars as well as PhD students who build on Kornai’s insights (www.kornai-janos.hu) in their own research.

We invite paper proposals that focus on János Kornai’s contribution to economic analysis within the following issues, broadly conceived:

Keynote speakers:

Selected papers will be published as a special issue in the Journal of Institutional Economics.

Young scholars are encouraged to submit their research paper for consideration for the Best Paper Award. The award is presented for the best conference paper by scholars younger than 35 years.

Please email paper proposals (including a paper title, an abstract of 250-300 words, the author’s email address and a short bio) to kornai90_abstract@uni-corvinus.hu

Venue: Corvinus University of Budapest, Fovam ter 8, Budapest, 1093, HUNGARY

Scientific committee: Attila Chikán (Corvinus University), László Csaba (Corvinus University and Central European University), Mária Csanádi (CERS-HAS), Bruno Dallago (University of Trento), Karen Eggleston (Standford University), Péter Gedeon (Corvinus University), Dóra Győrffy (Corvinus University and Pázmány University), Mihály Laki (CERS-HAS), Péter Mihályi (Corvinus University), Yingyi Qian (Tsinghua University), Gerard Roland (Berkeley University), András Simonovits (CERS-HAS), Katalin Szabó (Corvinus University)

Conference fee:

Fees can be paid only by bank transfer. Payments are due on February 1, 2018.

Important dates:

Organizing committee:

Miklós Rosta (Corvinus University of Budapest), Dóra Piroska (Corvinus University of Budapest), Andrea Reményi (Corvinus University of Budapest), Ádám Kerényi (CERS-HAS), Márton Katona (Corvinus University of Budapest)

Contact: kornai90@uni-corvinus.hu

Link to the conference website is available here.

ICAPE Conference on "Pluralism and Economics 10 Years after the Crisis": Call for Papers, Panels and Workshops (Philadelphia, Jan 2018)

4 January, 2018 | Drexel University, Philadelphia, US

Call for Papers, Panels and Workshops on: "Pluralism and Economics 10 Years after the Crisis(and 200 Years after Marx’s Birth)"

It has now been 10 years since the financial crisis, but there have been very few changes in mainstream economics. Meanwhile, pluralist economists have been developing sophisticated ideas aimed at addressing the major problems confronting contemporary society. It is also interesting that the 10 year anniversary of the financial crisis finds us at the 200 anniversary of Marx’s birth. Marx, of course, railed against the flaws of the mainstream economics of his day, setting the stage for heterodox attempts to move beyond narrowly conceived mainstream approaches to a richer, historical approach to the discipline.

This year’s ICAPE conference has multiple themes regarding what pluralist economists have to offer the economics profession and society in general in 2018. Specifically,

This is a crucial juncture for pluralistic economists to discuss robust alternatives to mainstream economics and to bolster pluralistic approaches to teaching and research.

This ICAPE conference will occur on the day before the 2018 ASSA meetings from 7AM to 5PM at Drexel University near downtown Philadelphia. Drexel is located within a short cab or train ride from the convention hotels. The conference registration fee is $120 ($60 for graduate students/low income), which includes breakfast and lunch, along with coffee and refreshments throughout the day.

One of the purposes of the conference is to bring together economists from a variety of heterodox perspectives. There will be multiple opportunities for people to come together, including breakfast, coffee breaks, and a lunch plenary. Please plan on spending the entire day at the conference. In general, requests to schedule sessions at particular times of the day cannot be granted.

We welcome work from all strands of heterodox economic theory, including evolutionary, ecological, complexity, institutional, feminist, Austrian, Marxian, Sraffian, Post-Keynesian, behavioral/psychological, social, radical political economy, critical realism, agent-based modeling, and general heterodox. We are particularly interested in material from graduate students, sessions on pluralistic teaching, and material on the state of pluralism in economics. And, we are interested in research from any of the perspectives listed above.


The deadline for submitting proposals is Tuesday, September 5, 2017. We welcome proposals for individual papers, full sessions, teaching workshops, research workshops and roundtables. Proposals for complete sessions or workshops with a coherent theme are encouraged, especially those that are pluralistic in nature, reflecting multiple perspectives in the discipline. Those who make a submission will be informed whether their proposal has been accepted by the 20th of September 2017.

Anyone needing an early decision on their submission to secure travel funding should indicate the need for an early decision as part of their submission.

ICAPE member associations are encouraged to submit entire sessions or workshops. Current dues-paying ICAPE member associations include: AFEE, AFIT, ASE, IAFFE, and URPE.

For individual papers, please include:

  1. Your name,
  2. your title and affiliation,
  3. ​​an abstract of 300 words or less,
  4. 3 keywords,
  5. a short abstract of 50 words, and
  6. contact information (address, phone, email).

For full sessions consisting of papers, roundtables, workshops, and other formats, please include the above for each contribution, as well as a title for the session, the names of the chair and discussants (if any), and the name and contact information of the session organizer.

All proposals should be submitted by email to Geoff.Schneider@Bucknell.edu as a Word or RTF document. Your email subject should be titled using the corresponding author’s last name, “ICAPE,” and a brief title in the subject line (e.g., “Schneider.ICAPE.Teaching Roundtable”). Please also title the Word or RTF document containing your submission in a similar fashion.

Authors who present at the ICAPE conference are encouraged to submit their papers to the American Review of Political Economy (http://www.arpejournal.com/submissions/), edited by Michael Murray and Nikolaos Karagiannis. Papers from the conference will be published in a special issue of the ARPE.

Please address your questions to Geoff Schneider (Geoff.Schneider@Bucknell.edu), Executive Director of ICAPE.

ICAPE is looking for locations for future conferences in Atlanta on January 3, 2019, and in San Diego on January 5-6, 2020. If you know of a potential location in any of these cities, please contact us.

International Post-Keynesian And Institutionalist Conference: "Instability, Growth & Regulation" (Grenoble, Dec 2017)

7-9 December, 2017 | Grenoble University, Grenoble, France


Link to the General Call for Papers is available here.

Special Call for papers for an Institutionalist (AFEE/EAEPE) session:

The 1997-2008 global financial-economic crisis drawn attention to profound structural weaknesses of financially liberalized capitalist economies. This crisis, still going on despite massive and costly recovery policies implemented by major central banks and central governments since 2008, quickly spread from the US financial markets and institutions to European and emerging markets. It has also involved in its wake some fragile domestic debt structures such as the Greek and Spanish economies, some fragile productive systems such as the Argentinian, Brazilian and Turkish economies.

Several conventional analyses argued that the global crisis was mainly due to wrong monetary policies and related low interest rates since the early 2000s implemented by the Fed. Alternatively, numerous non-neoclassical analyses have suggested more critical studies on such a worldwide systemic turmoil. Some of them put the emphasis on the endogenous fragilities of capitalist finance from a Minskyian perspective while others focus on market imperfections and the irrelevance of self-regulation with regard to systemic stability issues. Most of those researches shed light, explicitly or indirectly, on institutional weaknesses of the monetary and financial markets that central governments’ and regulation authorities’ reforms have fueled.

This specific panel session aims at gathering contributions that seek to offer an institutional analysis on those topics and encourages institutionalist and evolutionist analyses to develop studies on the fragilities of the financialization process of capitalist economies and its systemic consequences in the aim of foreseeing a relevant alternative future for democratic societies.


Important Dates



If you have any questions, please do not hesitate to email one or both of us:

See more here

New series "Palgrave Insights into Apocalypse Economics": Call for Proposals

Series Editor: Richard Westra, Nagoya University, Japan

This series is set to become the lodestone for critical Marxist and related Left scholarship on the raft of apocalyptic tendencies enveloping the global economy and society. Its working premise is that neoliberal policies from the 1980s not only failed to rejuvenate capitalist prosperity lost with the demise of the post-Second World War ‘golden age’ economy but in fact have generated a widening spectrum of pathologies that threaten humanity itself. At the most fundamental level the series cultivates state of the art critical political economic analysis of the crises, recessionary, deflationary and austerity conditions that have beset the world economy since the global meltdown of 2008-2009. However, though centered on work that critically explores global propensities for devastating financial convulsions, ever-widening inequalities and economic marginalisation due to information technologies, robotised production and low wage outsourcing, it seeks to draw on exacerbating factors such as climate change and global environmental despoliation, corrupted food systems and land-grabbing, rampant militarism, cyber crime and terrorism, all together which defy mainstream economics and conventional political policy solutions.

For critical Marxist and related Left scholars the series offers a non-sectarian outlet for academic work that is hard-hitting, inter/trans-disciplinary and multiperspectival. Its readership draws in academics, researchers, students, progressive governmental and non-governmental actors and the academically-informed public.

Contact for Proposals

Submissions are ideally between 60,000 and 110,000 words, although shorter submissions (25,000-50,000 words) will be considered for our Palgrave Pivot publication format.

Authors interested in submitting a proposal should contact the series editor directly (Richard Westra: westrarj@aim.com) or Laura Pacey (laura.pacey@palgrave.com)

More details are available here.

Research in Political Economy, Volume 33 (2018): Call for paper proposals on "Environmental Impacts of TNCs"

Theme: Environmental Impacts of Transnational Corporations in the Global South during the period of Neoliberal Globalization

In Research in Political Economy, Volume 33 (2018) the aim is to present a collection of contributions addressing the impact of Transnational Corporations (TNCs) on the environment in the Global South during the present period of neoliberal globalization. Since the end of the 1970s, the role of TNCs in the global economy has moved to a qualitatively different stage. As these TNCs came of age, so to speak, many of the changes in terms of international institutions and the establishment of free trade zones reflect the interests of these corporate behemoths. The influence of TNCs, as reflected in free trade (and investment) treaties, such as the TPP, NAFTA, etc., and the establishment of the WTO has limited the effectiveness of environmental protections. It is the interest of this volume to provide several key examples discussing the environmental consequences and crises caused by the ever increasing hegemony of these transnational corporations for recent decades within the Global South.

The range of environmental impacts is extensive: from problems associated with air, water and soil pollution, destruction of ecosystems at different levels, including acid rain, loss of biodiversity and systemic climate change. These range of environmental consequences are clearly linked to the major productive transformations associated with the ever-expanding networks and domination of TNCS. Tendencies such as extractivism and the constant extension of its frontier in regions of the world such as Latin America, Africa and Asia are clear outcomes produced by the TNCs global value chains, accelerated by the increased role of China in the global economy.

A non-exhaustive list of potential themes or topics:


Proposals should be limited to 500 words and papers should be limited to approximately 15,000 words, including footnotes and references.

Series Editor: Paul Zarembka

Co-Editors of Volume 33:

Call for Participants

International conference on "Capitalism: Concept and Idea" (London, Oct 2017)

13-14 October, 2017 | London School of Economics, UK

150 Years of Marx's Capital: The Philosophy and Politics of Capital Today

As a counterpoint to the retreat of the concept of communism from history to 'idea', this conference will mark the 150th anniversary of the first volume of Karl Marx's Capital: A Critique of Political Economy by asking the question of the meanings of 'capital' and 'capitalism' today as at once (explanatory structural-historical) concepts and (political) ideas.

In particular: What is the current standing of the different philosophical interpretations of Marx's Capital? What light do they thrown on capitalism today? How have historical developments since Marx's day changed the concept of capitalism? Has 'neo-liberal' capitalism rendered the concept of crisis redundant, for example? Is capitalism governable? Or is capital itself now the main form of governmentality? What is the precise character of Capital as a text - in terms of theory and in terms of literature? What does it mean to be 'against capitalism' today?

Organised by Faculty of Arts and Social Sciences, Kingston University London


Éric Alliez (CRMEP, Kingston University/University of Paris 8), Cinzia Arruzza (New School for Social Research, NY), Leigh Claire La Berge (CUNY), Tithi Bhattacharya (Purdue University), Werner Bonefeld (University of York), Boris Buden (Bauhaus-Universität Weimar), Michael Heinrich (Prokla, Berlin), Anselm Jappe (Academy of Fine Arts, Sassari), John Kraniasukas (Birkbeck, University of London), Elena Louisa Lange (University of Zurich), Maurizio Lazzarato (Paris), Jason W. Moore (Binghamton University, NY), Antonio Negri (Paris), Peter Osborne (CRMEP, Kingston University), Judith Revel (University of Paris 10), Gayatri C. Spivak (Columbia University, NY), Keston Sutherland (University of Sussex)


Please note changing venues:

The Friday event will be held at Conway Hall, 25 Red Lion Square, WC1R 4RL

The Saturday event will be held at the Old Lecture Theatre, LSE, Houghton Street, WC2A 2AE

Advance registration now open! Booking essential. Register here.

For further information about this event contact: Eric-John Russell, k1543754@kingston.ac.uk

Job Postings

Bournemouth University, UK

There are two vacancies at Bournemouth University, UK, please see below:

Closing date: (Midnight) Sunday 20 August 2017

Scuola Normale Superiore Pisa, Italy

Scuola Normale Superiore (SNS) invites expressions of interest for a Chair in “The Political Economy and the Historical Dynamics of Modern Capitalism”.

The themes of research of the Chair holder will fall within the broad area of the political economy of the modern capitalist development, in historical and comparative perspective. Particular importance is attached to studies on the industrial and technological engines of growth. Work on the role of political institutions and of macroeconomic, industrial and innovation policies is highly relevant.

Attention to the history of contemporary economic policy challenges up to the Great Recession of 2008, the rise in inequality, Europe’s crisis, among others, represent an important focus.

The Chair holder will bring an interdisciplinary perspective to both research and graduate teaching, tutoring Ph.D. candidates and participating to current research projects of the SNS.

The qualifications expected from candidates to the Chair include the following:

The Chair will be offered for a period ranging from six months up to five years. Full professors in Italian universities will have SNS fully financing the Chair through bilateral agreements between SNS and their universities of origin.

Expressions of interest, addressed to:

can be sent by email to the address classi@sns.it writing CIAMPICHAIR in the subject field.

Deadline for the receipt of applications: September 30, 2017.

Applications should include a CV, all relevant information about the applicant and his/her current research interests.

University of Duisburg-Essen, Germany

The newly established Institute of Socio-Economics (ISE) at the University of Duisburg-Essen, Germany, seeks applications for 3 new professorships in Socio-Economics, specializing in Empirical Inequality Research, in Pluralist Economics, and in State Activity and Public Finance.

Deadline for applications: 20 August 2017


Council of European Studies (CES) Research Network: Early career paper prize

The Council for European Studies research network "European Integration and the Global Political Economy" and the journal "Comparative European Politics" are delighted to announce the 2017 round of our annual paper prize. The prize goes into its 5th year and we look forward to receiving many high quality and thought-provoking submissions.

Early career researchers are invited to submit original research papers which fall into the realm of the network and the journal by 31 January 2018.

Details on the call can be found here.

Past winning papers can be accessed through this link.

Feel free to circulate widely to early career scholars who might be eligible and interested.

Please contact Regine Paul (regine.paul@uni-bielefeld.de) for further questions.

Warren Samuels Prize 2017

The past two years, the editorial team of Research in the History of Economic Thought and Methodology (RHETM) has awarded the Warren Samuels Prize to the author of the best paper submitted to RHETM in the last year. The winner of the Samuels Prize receives a $1,000 stipend. The deadline for consideration for the 2017 prize is September 30, 2017. Please submit your work directly to one or more of the editors at the email addresses indicated below.

The selection committee, which consists of the members of RHETM’s editorial board, aims to award the author of the submission that best exemplifies:

  1. high quality;
  2. relevance to the history of economics and / or methodology;
  3. distinctly interdisciplinary character.

The editors of RHETM are committed to encouraging interdisciplinary work in the history of economic thought. The Warren Samuels Prize for Interdisciplinary Research in the History of Economic Thought and Methodology is intended to reward the best of such scholarship.

Past Winners of The Warren Samuels Prize for Interdisciplinary Research in the History of Economic Thought and Methodology

Best regards,

Co-editors, Research in the History of Economic Thought and Methodology


Competition & Change, 21 (4)

Mike Geppert, Daniel Pastuh: Total institutions revisited: What can Goffman’s approach tell us about ‘oppressive’ control and ‘problematic’ conditions of work and employment in contemporary business organizations?

Gertjan Wijburg, Manuel B Aalbers: The internationalization of commercial real estate markets in France and Germany

Rob Aitken: ‘All data is credit data’: Constituting the unbanked

Franck Bailly, Karine Chapelle, Lionel Prouteau: Wage differentials between conventional firms and non-worker cooperatives: Analysis of evidence from France

Review of Keynesian Economics, 5 (3)

Mark Setterfield: Wage- versus profit-led growth after 25 years: an introduction to the fourth special issue

Esteban Pérez Caldentey and Matías Vernengo: Wage-led, debt-led growth in an open economy

Peter Skott: Weaknesses of ‘wage-led growth’

Stephen A. Marglin: Wages, prices, and employment in a Keynesian long run

Amit Bhaduri and Srinivas Raghavendra: Wage- and profit-led regimes under modern finance: an exploration

Philipp Heimberger: Did fiscal consolidation cause the double-dip recession in the euro area?

Gökçer Özgür and Emel Memis: Macroeconomic imbalances and the eurozone crisis: the impact of credit expansion on asset prices

Brazilian Journal of Political Economy, 37 (3)

Alberto Botta: Dutch Disease-cum-financialization booms and external balance cycles in developing countries

Eleutério F. S. Prado: Das explicações para a quase-estagnação da economia capitalista no Brasil

Carlos Aguiar de Medeiros e Nicholas M. Trebat: Transforming natural resources into industrial advantage: the case of China’s rare earths industry

Alex Wilhans Antonio Palludeto e Rogerio P. de Andrade: Teorias econômicas Marxistas e a Grande Recessão

John Hall e Svetlana Kirdina-Chandler: Towards an intellectual history of evolutionary economics: competition and struggle versus cooperation and mutual aid

Diogo R. Coutinho: Direito e institucionalismo econômico: apontamentos sobre uma fértil agenda de pesquisa

Mohammad Kashif, P. Sridharan e S. Thiyagarajan: Impact of economic growth on international reserve holdings in Brazil

Gustavo Daou Lucas e Franklin Serrano: Understanding and overcoming the “positive profits with negative surplus-value” paradox

Lena Lavinas e Eliane de Araújo: Reforma da previdência e regime complementar

Guilherme Jonas C. da Silva, Júlio Fernando Costa Santos e Lívia Nalesso Baptista: A Lei de Thirlwall multissetorial com fluxos de capitais: Uma análise do plano nacional de exportações (2015-2018) usando simulações computacionais

Contributions to Political Economy, 36 (1)






Forum for Social Economics, 46 (3)


Wolfram Elsner: Welcome to the Policy-Analysis Issue of the Forum, 3-2017


William Waller: Public Policy Adrift: Veblen’s Blind Drift and Neoliberalism

Morris Altman: Policy Consequences of Multiple Equilibria and the Indeterminacy of Economic Outcomes in a Boundedly Rational World: Closing the System with Non-Economic Variables

Mario Seccareccia & Eugenia Correa: Supra-National Money and the Euro Crisis: Lessons from Karl Polanyi

Alberto Botta: The Complex Inequality–Innovation–Public Investment Nexus: What We (Don’t) Know, What We Should Know and What We Have to Do

Michele Cangiani: A comment on Anup Dash, “An Epistemological Reflection on Social and Solidarity Economy”, Forum for Social Economics, 45–1, 2016, pp. 61–87

Response to Michele Cangiani


Nikolaos Karagiannis & C. J. Polychroniou: Towards an Understanding of the Greek Crisis and the Flawed Analyses of the Levy Economics Institute’s Publications

Michalis Nikiforos & Gennaro Zezza: Towards an Understanding of the Greek Crisis and the Flawed Analyses of the Levy Economics Institute’s Publications: A Reply

Nikolaos Karagiannis & C. J. Polychroniou: Towards an Understanding of the Greek Crisis and the Flawed Analyses of the Levy Economics Institute’s Publications: A Rejoinder

History of Economics Review, 67

Geoffrey Brooke Dr & Bruce Littleboy Dr: Message from the Editors

Selwyn Cornish & Raghbendra Jha: Trevor Swan and Indian Planning: The Lessons of 1958/59

Paul Oslington: Anglican Social Thought and the Shaping of Political Economy in Britain: Joseph Butler, Josiah Tucker, William Paley and Edmund Burke

Matthew Smith: Ricardo the ‘Logician’ versus Tooke the ‘Empiricist’: On Their Different Substantive Contributions to Classical Economics

Tony Aspromourgos: Why History of Economics?

Industrial and Corporate Change, 26 (4)

Alex Coad; Marc Cowling ;Josh Siepel: Growth processes of high-growth firms as a four-dimensional chicken and egg

Bruno Martorano; Donghyun Park; Marco Sanfilippo: Catching-up, structural transformation, and inequality: industry-level evidence from Asia

Lars Lindkvist; Marie Bengtsson; Dan-Magnus Svensson; Linnéa Wahlstedt: Replacing old routines: how Ericsson software developers and managers learned to become agile

Jose L. Barbero; Alicia Ramos; Catherine Chiang: Restructuring in dynamic environments: a dynamic capabilities perspective

Mario V. Tomasello; Mauro Napoletano; Antonios Garas ; Frank Schweitzer: The rise and fall of R&D networks

Jonathan Sims; Victor P. Seidel: Organizations coupled with communities: the strategic effects on firms engaged in community-coupled open innovation

Karen Ruckman; Ian McCarthy: Why do some patents get licensed while others do not?

Edoardo Mollona: How visible is the visible hand of top management in strategic renewals? guided evolution and the intraorganizational ecology model of adaptation

J. Cameron Verhaal; Stanislav D. Dobrev; Lyda Bigelow: When incremental is imperative: tactical innovation in the in-vitro fertilization industry

Rouslan Koumakhov; Adel Daoud: Routine and reflexivity: Simonian cognitivism vs practice approach

International Journal of Pluralism and Economics Education, 8 (2)

Shiou-Yen Chu: Teaching strategies for English-medium instruction economics courses

Jean Ingersoll Abbott: The teaching commons: peer financial education handout assignment

Arne Heise: Whither economic complexity? A new heterodox economic paradigm or just another variation within the mainstream?

Salman Ahmed Shaikh: Values in consumer choice: do they matter?

Nathan Sivers Boyce; Jerry Gray; Cathleen Whiting; Donald H. Negri; Laura J. Taylor; Raechelle Mascarenhas; Tabitha Knight; Yan Liang: Curricular reform at Willamette University

Ioana Negru; Anca Negru: Modes of pluralism: critical commentary on roundtable dialogue on pluralism

Journal of Post Keynesian Economics, 40 (1)

Mario Damill & Roberto Frenkel: Symposium: Dilemmas of exchange rate and monetary policies in Latin America

Leonardo Vera: In search of stabilization and recovery: macro policy and reforms in Venezuela

José Luis Oreiro & Luciano D’Agostini: Macroeconomic policy regimes, real exchange rate overvaluation, and performance of the Brazilian economy (2003–2015)

Roberto Frenkel & Diego Friedheim: Inflation in Argentina during the 2000s

Ricardo Ffrench-Davis: Challenges for the Chilean economy under cyclical shocks, 1999–2016

Gabriel Palazzo & Martín Rapetti: Real exchange rate and export performance in Argentina, 2002–2008

José Antonio Ocampo, Jonathan Malagón & Carlos Alberto Ruiz: Colombia’s macroeconomic challenges at the end of the supercycle of commodity prices

Oscar Dancourt: The lean times in the Peruvian economy

Jaime Ros: Macroeconomic stability, structural reforms, and sluggish growth: The Mexican economy since 2008–2009 and the lessons of 2015

New Political Economy, 22 (5)

Michael Beggs: The state as a creature of money

Susanne Soederberg: Governing stigmatised space: the case of the ‘slums’ of Berlin-Neukölln

Ali Burak Güven: The World Bank and Emerging Powers: Beyond the Multipolarity–Multilateralism Conundrum

Hubert Schmitz: Who drives climate-relevant policies in the rising powers?

Rodney Loeppky: ‘Adaptive accumulation’ and US political economy

Scott Brenton & Jon Pierre: Budget surplus goal experiments in Australia and Sweden

John Ravenhill: The political economy of the Trans-Pacific Partnership: a ‘21st Century’ trade agreement?

Lucia Quaglia: The political economy of post-crisis international standards for resolving financial institutions

World Review of Political Economy, 8 (2)

Binbin Wang, Xiaoyan Li: Big Data, Platform Economy and Market Competition: A Preliminary Construction of Plan-Oriented Market Economy System in the Information Era

Abdullah Z. Sheikh: Political Economy of Agency Employment: Flexibility or Exploitation?

Jasbir Singh: Employment Generation under Globalization in India: Adverse Implications of Capitalism

Deborah Dergousoff: Kyrgyzstan’s Accession to the EEU: Why Do Apples Matter Anyway?

Sergey Bodrunov: Modernising Russia’s National Economic System: The Potential for Reindustrialisation

W. D. Lakshman: Political Economy of Taxation in Sri Lanka

Books and Book Series

A Worker's Economist: John R. Commons and His Legacy from Progressivism to the War on Poverty

By John Dennis Chasse | 2017, Routledge

John R. Commons is one of the few reformers of the past century whose major works are still actively read, whose ideas are still debated, and whose principles are still applied to the analysis of contemporary problems. His life spanned the years of America’s “Great Transformation,” from a nation of shopkeepers, farmers, and small towns to one of giant corporations, landless laborers, and crowded cities. He became involved in almost every aspect of America’s response to the damaging side effects of that transformation.

A Worker’s Economist begins with John Commons’ childhood and education and continues through his life as a scholar, teacher, administrator, and reformer. Commons’ list of accomplishments are great in number and overall effect. He worked on the staff of the first government commission to investigate the economic and social consequences of corporate mergers. He served as a public representative on the commission that investigated industrial violence and workplace relations. He was a participant observer in America’s largest and most historic mineworkers’ strike. He wrote and administered the nation’s first constitutional worker compensation law. He developed principles of social reform and public administration that his students carried into the design and administration of the Social Security system as well as Lyndon B. Johnson’s War on Poverty.

John Dennis Chasse reviews Commons’ major works, describes the people with whom he worked, and follows the fortunes of the unions that were intrinsic to his vision of “collective democracy.” As a final testament to Commons’ importance, Chasse considers his legacy as it endures in the work of his students and beyond.

Link to the book is available here.


By Michael Hardt and Antonio Negri | 2017, Oxford University Press

In recent years "leaderless" social movements have proliferated around the globe, from North Africa and the Middle East to Europe, the Americas, and East Asia. Some of these movements have led to impressive gains: the toppling of authoritarian leaders, the furthering of progressive policy, and checks on repressive state forces. They have also been, at times, derided by journalists and political analysts as disorganized and ineffectual, or suppressed by disoriented and perplexed police forces and governments who fail to effectively engage them. Activists, too, struggle to harness the potential of these horizontal movements. Why have the movements, which address the needs and desires of so many, not been able to achieve lasting change and create a new, more democratic and just society? Some people assume that if only social movements could find new leaders they would return to their earlier glory. Where, they ask, are the new Martin Luther Kings, Rudi Dutschkes, and Stephen Bikos?

With the rise of right-wing political parties in many countries, the question of how to organize democratically and effectively has become increasingly urgent. Although today's leaderless political organizations are not sufficient, a return to traditional, centralized forms of political leadership is neither desirable nor possible. Instead, as Michael Hardt and Antonio Negri argue, familiar roles must be reversed: leaders should be responsible for short-term, tactical action, but it is the multitude that must drive strategy. In other words, if these new social movements are to achieve meaningful revolution, they must invent effective modes of assembly and decision-making structures that rely on the broadest democratic base. Drawing on ideas developed through their well-known Empire trilogy, Hardt and Negri have produced, in Assembly, a timely proposal for how current large-scale horizontal movements can develop the capacities for political strategy and decision-making to effect lasting and democratic change. We have not yet seen what is possible when the multitude assembles.

Link to the book is available here.

Austro-Marxism: The Ideology of Unity. Volume 1

Edited by Mark E. Blum, University of Louisville, and William Smaldone, Willamette University

This volume offers the essential theoretical thought of the Austro-Marxist thinkers Otto Bauer, Max Adler, Karl Renner, Friedrich Adler, Rudolf Hilferding, and Otto Neurath over the span of their Austrian Social-Democratic careers, from the decades before World War I until the mid-1930s. Austro-Marxist theoretical perspectives were conceived as social scientific tools for the issues that faced the development of socialism in their time. The relevance of their thought for the contemporary world inheres in this understanding.

Link to the book is available here.

Class Dynamics of Development

Edited by Jonathan Pattenden, Liam Campling, Satoshi Miyamura, Benjamin Selwyn | 2017, Routledge

This book argues that class relations are constitutive of development processes and central to understanding inequality within and between countries. It does so via a transdisciplinary approach that draws on case studies from Asia, Latin America and sub-Saharan Africa. Contributors illustrate and explain the diversity of forms of class relations, and the ways in which they interplay with other social relations of dominance and subordination, such as gender and ethnicity as part of a wider project to revitalise class analysis in the study of development problems and experiences.

Class is conceived as arising out of exploitative social relations of production, but is formulated through and expressed by multiple determinations. By illuminating the diversity of social formations, this book illustrates the depth and complexity present in Marx’s method.

This book was originally published as a special issue of Third World Quarterly.

Link to the book is available here.

Creating an Ecological Society: Toward a Revolutionary Transformation

By Fred Magdoff and Chris Williams | 2017, Monthly Review Press

Sickened by the contamination of their water, their air, of the Earth itself, more and more people are coming to realize that it is capitalism that is, quite literally, killing them. It is now clearer than ever that capitalism is also degrading the Earth’s ability to support other forms of life. Capitalism’s imperative—to make profits at all costs and expand without end—is destabilizing the Earth’s climate, while increasing human misery and inequality on a planetary scale. Already, hundreds of millions of people are facing poverty in the midst of untold wealth, perpetual war, growing racism, and gender oppression. The need to organize for social and environmental reforms has never been greater. But crucial as reforms are, they cannot solve our intertwined ecological and social crises. Creating an Ecological Society reveals an overwhelmingly simple truth: Fighting for reforms is vital, but revolution is essential.

Because it aims squarely at replacing capitalism with an ecologically sound and socially just society, Creating an Ecological Society is filled with revolutionary hope. Fred Magdoff and Chris Williams, who have devoted their lives to activism, Marxist analysis, and ecological science, provide informed, fascinating accounts of how a new world can be created from the ashes of the old. Their book shows that it is possible to envision and create a society that is genuinely democratic, equitable, and ecologically sustainable. And possible—not one moment too soon—for society to change fundamentally and be brought into harmony with nature.

Link to the book is available here.

Econometrics as a Con Art: Exposing the Limitations and Abuses of Econometrics

Edited by Imad A. Moosa | 2017, Edward Elgar

Imad Moosa challenges convention with this comprehensive and compelling critique of econometrics, condemning the common practices of misapplied statistical methods in both economics and finance.

After reviewing the Keynesian, Austrian and mainstream criticisms of econometrics, it is demonstrated that econometric models can be manipulated to produce any desired result. These hazardous analyses may then be relied upon to support flawed policy recommendations, ideological beliefs and private interests. Moosa proposes that the way forward should instead be to rely on clear thinking, intuition and common sense rather than to continue with the reliance upon econometrics. The mathematization of economics has limited the accessibility of and participation in economic discussion by converting the area into a complex ‘science’ when it should not be.

Appealing to both academics and practitioners of economics and finance, this book serves to challenge the acceptance of econometrics as offering trustworthy analysis. Any individual interested in empirical work will find this book a captivating read on the limitations of econometrics.

Link to the book is available here.

Fictitious Capital: How Finance Is Appropriating Our Future

By Cédric Durand; Translated by David Broder | 2017, Verso Books

The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery.

In this lucid and compelling book, economist Cédric Durand offers a concise and critical introduction to the world of finance, unveiling the truth behind the credit crunch. Fictitious Capital moves beyond moralizing tales about greedy bankers, short-sighted experts and compromised regulators to look at the big picture. Using comparative data covering the last four decades, Durand examines the relationship between trends such as the rise in private and public debt and the proliferation of financial products; norms such as our habitual assumptions about the production of value and financial stability; and the relationship of all this to political power.

Fictitious Capital offers a stark warning about the direction that the international economy is taking. Durand argues that the accelerated expansion of financial operations is a sign of the declining power of the economies of the Global North. The City, Wall Street and other centres of the power of money, he suggests, may already be caked with the frosts of winter.

Link to the book is available here.

For-Profit Universities: The Shifting Landscape of Marketized Higher Education

Edited by Tressie McMillan Cottom & William A. Darity Jr | 2017, Springer

This edited volume proposes that the phenomenon of private sector, financialized higher education expansion in the United States benefits from a range of theoretical and methodological treatments. Social scientists, policy analysts, researchers, and for-profit sector leaders discuss how and to what ends for-profit colleges are a functional social good. The chapters include discussions of inequality, stratification, and legitimacy, differing greatly from other work on for-profit colleges in three ways: First, this volume moves beyond rational choice explanations of for-profit expansion to include critical theoretical work. Second, it deals with the nuances of race, class, and gender in ways absent from other research. Finally, the book’s interdisciplinary focus is uniquely equipped to deal with the complexity of high-cost, low-status, for-profit credentialism at a scale never before seen.

Link to the book is available here.

Liberty and Laissez-Faire: A Primer on Freedom, Government, and Prosperity

By Steven Soderlind | 2017, Archway Publishing

With the election of Donald Trump as president of the United States of America, the relationship between laissez-faire and liberty is drawing renewed attention.

Steven Soderlind, an economist and professor emeritus at St. Olaf College in Northfield, Minnesota, delves into how the two are connected, emphasizing the critical role that economics and politics play in determining our liberty in this extended essay.

His goal is to encourage thoughtful reflection on government at a time when many associate liberty with minimal intervention. Find out what the past tells us about preserving and promoting liberty as well as the thoughts of venerable economists, philosophers, and critics such as Adam Smith, Thomas Robert Malthus, David Ricardo, Karl Marx, John Stuart Mill, August Friedrich von Hayek, Joseph Alois Schumpeter, Gunnar Myrdal, and Milton Friedman.

Throughout his analysis, Soderlind seeks to answer a key question: Is laissez-faire or government action the preferred route to liberty?

Join the author as he considers the advantages and disadvantages that laissez-faire brings to the quest for liberty and our continuing mission to form “a more perfect Union.”

Link to the book is available here.

Pluralist Readings in Economics: Key concepts and policy tools for the 21st century

Edited by Maria Alejandra Madi | 2017, Bentham eBooks

The era of globalization has brought about unprecedented social, political, and environmental challenges for policy makers around the world due to the global impact of economic decisions. In view of these challenges, economics, as a discipline, needs to be taught with the goal of broadening the dialogue on social responsibility, and developing a new pluralist culture of decision making which is inclusive to different schools of economic thought. Pluralist Readings in Economics: Key-concepts and policy tools for the 21st century highlights the long-standing debates regarding economic systems, business models, criteria of justice, and economic policies by providing conceptual openings to economic theory in an engaging and accessible way. The author provides broad coverage of relevant topics through the selection of influential economic thinkers and introduces the reader to their ideas, context, and relevant interpretations. While dealing with complex problems, the author goes beyond commonly known concepts by presenting questions on the historical context of globalization. The study of economic concepts in this way leads to asking new questions concerning various issues relevant to economics. The goal of the text is to provide an interdisciplinary perspective to readers in order to equip them with information that is key to address global economic challenges. Thus, this pluralist approach calls for a reflection of the evolution of global social and economic conditions to demonstrate problem solving approaches that align with the goal of addressing these challenges.

Pluralist Readings in Economics: Key-concepts and policy tools for the 21st century is suitable to a broad interdisciplinary readership as it will benefit all those who seek to better understand the complex stakes of the capitalist system, in the tensions between regulatory policies, free market equilibria, and participatory openings in governance. This introductory work also prepares the reader for debates and discussion in economic theory aimed at shaping policy transformations towards a more equitable, just and sustainable world.

Link to the book is available here.

Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth

Edited by Michael Jacobs, Mariana Mazzucato | 2017, Wiley-Blackwell

Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity.

In this book some of the world’s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change. The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn’t, and how it can be made more innovative, inclusive and sustainable. Outlining a series of far-reaching policy reforms, Rethinking Capitalism offers a powerful challenge to mainstream economic debate, and new ideas to transform it.

Link to the book is available here.

The City: London and the Global Power of Finance

By Tony Norfield | 2016, Verso Books

The City, as London’s financial centre is known, is the world’s biggest international banking and foreign exchange market, shaping the development of global capital. It is also, as this groundbreaking book reveals, a crucial part of the mechanism of power in the world economy.

Based on the author’s twenty years’ experience of City dealing rooms, The City is an in-depth look at world markets and revenues that exposes how this mechanism works. All big international companies—not just the banks—utilise this system, and The City shows how the operations of the City of London are critical both for British capitalism and for world finance.

Tony Norfield details, with shocking and insightful research, the role of the US dollar in global trading, the network of Britishlinked tax havens, the flows of finance around the world and the system of power built upon financial securities. Why do just fifty companies now have control of a large share of world economic production? The City explains how this situation came about, examining the history of the world economy from the postwar period to the present day.

If you imagine you don’t like “finance” but have no problem with the capitalist market system, think again: it turns out the two cannot be separated.

Link to the book is available here.

The Oxford Handbook of Banking and Financial History

Edited by Youssef Cassis, Catherine Schenk, and Richard Grossman | 2016, Oxford University Press

The financial crisis of 2008 aroused widespread interest in banking and financial history among policy makers, academics, journalists, and even bankers, in addition to the wider public. References in the press to the term ‘Great Depression’ spiked after the failure of Lehman Brothers in November 2008, with similar surges in references to ‘economic history’ at various times during the financial turbulence. In an attempt to better understand the magnitude of the shock, there was a demand for historical parallels. How severe was the financial crash? Was it, in fact, the most severe financial crisis since the Great Depression? Were its causes unique or part of a well-known historical pattern? And have financial crises always led to severe depressions? Historical reflection on the recent financial crises and the long-term development of the financial system go hand in hand. This volume provides the material for such a reflection by presenting the state of the art in banking and financial history. Nineteen highly regarded experts present twenty-one chapters on the economic and financial side of banking and financial activities, primarily—though not solely—in advanced economies, in a long-term comparative perspective. In addition to paying attention to general issues, not least those related to theoretical and methodological aspects of the discipline, the volume approaches the banking and financial world from four distinct but interrelated angles: financial institutions, financial markets, financial regulation, and financial crises.

Link to the book is available here.

The Routledge Handbook of Heterodox Economics

Edited by Tae-Hee Jo, Lynne Chester, Carlo D'Ippoliti | 2017, Routledge

The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a ‘pluralistic’ heterodox perspective.

Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics; Régulation theory; the Social Structure of Accumulation approach; and ecological economics. They explain the structural properties and dynamics of capitalism, as well as propose economic and social policies for the benefit of the majority of the population. This book aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy in a constructive and forward-looking manner. Secondly, it delineates the future directions, as well as the current state, of heterodox economics, and then provides both ‘heat and light’ on controversial issues, drawing out the commonalities and differences among different heterodox economic approaches. The volume also envisions transformative economic and social policies for the majority of the population and explains why economics is, and should be treated as, a social science.

This Handbook will be of compelling interest to those, including students, who wish to learn about alternative economic theories and policies that are rarely found in conventional economics textbooks or discussed in the mainstream media, and to critical economists and other social scientists who are concerned with analyzing pressing socio-economic issues.

Link to the book is available here.

Heterodox Graduate Programs, Scholarships and Grants

Individual & Group Fellowships Opportunities at Complexity Institute of the Nanyang Technological University, Singapore

The Complexity Institute (CI) is pleased to announce the launch of our two Fellowships. This is another step to bring CI closer to its vision to be the “Leading Hub of Complexity Research in Asia”.The fellowships undertake to:

(1) invite Fellows from all around the world to converge in Singapore to develop bold & cutting edge research together with local affiliates to push the frontier of knowledge & understanding on complexity theory & complex systems;

(2) facilitate the building of long-lasting international collaborations on complexity problems, catalyzed by a 3-month stay in CI; and

(3) foster connections between complexity scientists in Asia, and through CI, to US (Santa Fe Institute) and Europe (Institute of Advance Study @ Amsterdam, Complexity Science Hub @ Vienna, ITMO University @ St Petersburg).

CI invites interested researchers or teams (max of 4 pax) to apply. The successful candidates can look forward to financial, scientific & administrative supports during the 3-month fellowship. Please check out the details at: Individual Fellowship and Group Fellowship. Applications are open throughout the year.

For enquiries, please email Bee Wee (ngbw@ntu.edu.sg).

Institutions, Economics and Law International Programme (IEL) offers 8 PhD Scholarships

The IEL International PhD Program is an educational pole promoted by a number renowned institutions and based in Torino at Collegio Carlo Alberto. The PhD title is delivered jointly by the Università di Torino and the Anglo-American University of Prague while the program is managed by a number of well known institutions. Details can be found here.

The program is currently opening a number of positions for PhD candidate.

For the academic year starting in Winter 2017 there will be available 8 POSITIONS with SCHOLARSHIPS.

The application shall take place not later than SEPTEMBER 5, 2017 (12 pm of the Italian time) according to the procedure available here: Details and Application

Please feel free to circulate this call as widest and possible, in order to reach interested and motivated candidates.

PhD Scholarships on "Business, Institutions, Markets" at "G. d'Annunzio" University of Chieti-Pescara

Please note the call for applications for the Ph.D. program in Business, Institutions, Markets (BIM) at “G.d’Annunzio” University – Pescara (Italy). Six positions are offered, three of which include scholarships covering fees and an annual tax-free stipend at standard Italian rates (€ 13,600 per year).

The programme is developed over three years and is multidisciplinary in nature. The positions in economics are addressed to students interested in pursuing advanced study and conducting original research in Economics. Introductory courses are offered, in order to fill gaps in students’ competences in the different study areas, while specialized skills in theoretical and quantitative economics will be acquired through other economic programs we have contacts with in Italy and outside Italy. For the months spent outside Italy, the stipend is increased by 50% (max 18 months). The programme also includes statistical data labs and seminars on cutting edge themes in economics.

Our research interests cover (but are not limited to) Labour Economics, International Trade, Geographical Economics, Innovation and productivity, Public Economics, Environmental Economics, Economics of Institutions.

We would be grateful if you could make circulate this call among your contacts. Applications by non-Italians and by students who have already attended advanced courses/programs in economics are strongly encouraged.

The deadline is August 29th.

Call for applications

Director of the Ph.D. Program: Prof. Andrea Raggi (a.raggi@unich.it).

General information: scuolasuperiore@unich.it

Information for the positions in economics: Prof. Massimo Del Gatto (massimo.delgatto@unich.it), Prof. Filippo Belloc (filippo.belloc@gmail.com), Prof. Dario Sciulli (d.sciulli@unich.it).

For Your Information

PKSG Working Papers - 1/2017

PKWP1708 – Ewa Karwowski: Corporate financialisation in South Africa: From investment strike to housing bubbl

PKWP1707 – Daniele Tori, Özlem Onaran: Financialisation and physical investment: a global race to the bottom in accumulation?

PKWP1706 – Maria Nikolaidi, Engelbert Stockhammer: Minsky models. A structured survey

PKWP1705 – Daniele Tori, Özlem Onaran: The effects of financialisation and financial development on investment: evidence from firm-level data in Europe

PKWP1704 – Joan R. Rovira: Secular stagnation and concentration of corporate powe

PKWP1703 – Thomas Obst, Özlem Onaran, Maria Nikolaidi: The effects of income distribution and fiscal policy on growth, investment and budget balance: the case of Europe

PKWP1702 – Eric Kemp-Benedict: A multi-sector Kaleckian-Harrodian model for long-run analysis

PKWP1701 – Esteban Ramon Perez Caldentey: Quantitative easing, changes in global liquidity and financial instability