Heterodox Economics Newsletter

Issue 254 November 04, 2019 web pdf Heterodox Economics Directory

During public talks or in teaching contexts I am sometimes asked, whether there exists a clear-cut heterodox alternative to standard theories of individual economic decision-making. While there are some obvious responses to this question pointing to classic concepts - like social emulation of consumer preferences, consumption-learning, rent-seeking behavior, mark-up pricing or the marginal propensity to consume - many of these concepts operate on a systemic, rather than individual level, and are, hence, sometimes difficult to apply directly to individual decisions without invoking further assumptions. Similar issues can come up, when discussing the role of the ascent of behavioral economics and its impact on the development of economics in general (see also here or here for recent evaluations of this matter).

In such contexts it is, in my view, helpful to point out that a fuller heterodox theory of purposeful behavior does indeed exist. It has its roots in the early works of Herbert Simon, builds on "smart heuristics" and is sometimes dubbed 'ecological rationality' (for an introduction see here). It has been developed mainly in psychology and a key idea underlying this approach is that purposeful human action often employs mental shortcuts to approach complex phenomena, that are successful in application and, hence, evolutionary stable. A simple example is the physician's principle "do no harm" that shortly explicates some kind of MaxiMin decision rule. Another example, is Simon's idea of satisficing, which can be understood as a shortcut to circumvent costly/impossible procedures of optimization.

In my view, three major arguments can be made for embracing such a view. First, the concept of smart heuristics allows for deriving some of the more systemic heterodox arguments on behavioral patterns (e.g. marginal propensities to consume, cooperative attitudes or herd behavior).

Second, smart heuristics often allow for explaining many of the 'biases' found in conventional behavioral economics instead of simply 'recording' them as anomalies - indeed it makes the latter's modifications of standard utility functions sometimes look like epicycles in the Ptolemaic theory of celestial motion. For instance, in this vein the famous 'status quo bias' can be rationalized as a form of intuitive defense against fundamental uncertainty (as future incomes or belongings are discounted relative to those already owned).

Finally, a smart heuristics perspective provides conceptual alternatives, which has a twofold impact. For one, these alternative concepts help to illustrate how the tendency to frame findings in behavioral economics in terms of standard models contributes to an "assimilation" of behavioral ideas. For another, smart heuristics may also emerge from dealing critically with the inherent practical implications of the standard approach - e.g., when assuming fundamental uncertainty (e.g. here) or complex, multi-dimensional choice-options (e.g. here).

Hence, in sum I would argue that the smart heuristics approach can be seen as a highly useful complement to more established heterodox modes of analyzing behavioral patterns.

All the best,


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Table of contents

Call for Papers

11th Annual Conference in Political Economy (Ferrara, Sept. 2020)

09-11 September 2020 | Ferrara, Italy

Beyond Neoliberalism and Populism: On the Political Economy of our Societies and Economies

IIPPE calls for submissions to the 2020 annual Conference. We particularly welcome papers directly related to the core themes of “moving beyond neoliberalism and populism”, and “building progressive policies and alliances for our societies and economies”. As always, presentations on all aspects of political economy are also welcome. New participants committed to political economy, interdisciplinarity, history of economic thought, critique of mainstream economics, and/or their application to policy analysis and activism are strongly encouraged to submit an abstract.

Submissions may be made as:

To submit a proposal, please go to the following Electronic Proposal Form (EPF), and carefully follow the instructions there. For further information please visit the official website.

Submission Deadline: 15 March 2020

15th Forum of the World Association for Political Economy (Athens, August 2020)

31 July - 02 August 2020 | Athens, Greek

Rethinking Economic Analysis: Political Economy vs Economics

The broad theme of the conference focuses on the controversy between the two main alternative traditions in economic analysis, Political Economy and Economics. Economics (with their myopic understanding of the economy as simply market relations, neglect of social and political factors and class struggle and their almost overt support for capital against labour) has been historically proved incapable of grasping how economies work and forecast and confront competently economic crises. On the other hand, Political Economy (offering a social understanding of the economy, focusing on the sphere of production, linking economic analysis to social and political factors and to class struggle) has been more successful in comprehending the actual workings of the economy and in analyzing economic crises. However, despite their long-standing failures, Economics continue to dominate academia and policy-making centers, especially in the West. Even after the last global economic crisis and its blatant failure to foresee and to resolve it, its dominance remains unwavered as it is supported by strong vested class interests. Nevertheless, there is growing unrest within both the academia and the society with this failed dominance. Political Economy is the main approach towards which all those dissatisfied with Economics turn.

This conference aims to juxtapose Political Economy and Economics and contrast their positions on the various fields and areas of economic analysis. Within its broad theme, WAPE 2020 invites all contributions that enrich the perspective of Political Economy and expand the ground for further discussion. Indicatively but not exclusively, proposed papers can touch upon the following issues:

Send a paper abstract (500 words) and your full curriculum vitae in English to both politiceconomy@gmail.com and wapemember@vip.163.com.

Both individual papes and complete panels on the main theme and proposed topics are welcome. You are also welcome to propose other topics on the theme. There is also the option to apply to attend the forum without a paper. In that case, you will be sent an invitation letter for visa purposes etc. upon registration and payment of registration fees. For further information please visit the official website.

Submission Deadline: 20 March 2020

1st International ASCOPE Symposium (Paris, June 2020)

11 -12 June 2020 | Paris, France

Agent-Based and Stock-Flow Consistent Models for Complex Economies

The first international ASCOPE symposium is the result of the joint efforts of the MAGECO and MACME networks to organize, for the first time in France, an important international symposium combining agent-based and coherent stock-flow consistent models. It aims to be a fundamental moment in this crucial phase, by allowing researchers from all over the world to discuss their research findings and creating linkages and networks within the AB and/or SFC community. Theoretical approaches, as well as technical and methodological contributions are highly welcome. In particular, we invite researchers working on Agent-based and/or Stock-flow consistent models in various fields – including economics, sociology, psychology and computer sciences – to submit contributions on the following topics:

How to apply

Please note that only papers using the AB and/or the SFC methodology will be reviewed. Please submit an extended abstract (1 page minimum, 2 pages max excluding references)in pdf format via email. The title of your message should read “Submission to ASCOPE 2020 / [n]”, where n is the number of the key topic of your paper (amongst the list of 9 topics listed above). Please find further information on the official website.

The deadline for submitting papers is December 31, 2019.

3rd Macroeconomics in Perspective Workshop (Paris, April 2020)

29-30 April 2020 | Paris, France

A follow-up of two workshops held at Université catholique de Louvain (2014) and at Université de Lille (2016), this workshop aims at gathering macroeconomists and historians of macroeconomics for a discussion putting current developments in a historical perspective. The 2008 crisis has impelled a flow of new research on topics previously neglected or underresearched by macroeconomics like agents’ heterogeneity, the role of financial intermediaries, empirical microfoundations and non-rational expectations. Alternative classes of models like stock-flow consistent models and agent-based models have also received more attention. Contributions to the workshop should address these developments Examples of the topics that could be addressed include:

Interested authors are invited to send either a communication proposal of about 500 words or a paper in PDF format to via email.

Submission Deadline: 30 December 2019

4th International Conference on Cultural Political Economy (Staffordshire, Jan 2020)

8-10 January 2020 | Staffordshire University

Engaging with Cultural Political Economy: Neoliberal Crises and Diverse Imaginaries

The Fourth International Conference on Cultural Political Economy will be hosted by Staffordshire University building on the highly successful previous events at Lancaster University (2015 and 2017) and Bristol University (2016). The conference is an important part of the ongoing development of a theoretical and empirical engagement with Cultural Political Economy—the emerging trans-disciplinary approach to enhance the explanatory power of cultural turns in political economy. The organisers welcome proposals for papers and panels on the following, illustrative topics (other themes are also welcome):

Panel proposals and/or abstracts of 200 words should be sent to reach Tom Ward. Find more information about the conference here.

Submission deadline: 8 November 2019

56th ITH Conference "Capital, Migration and the Left" (Linz, Sept 2020)

24-26 September 2020 | Linz, Austria

Few topics are as politically charged as “international migration”. This ITH (International conference of Labour and Social History) Conference wants to discuss the issue from a global and historical perspective, reaching from the sixteenth century to the present. Changing employment opportunities and income inequalities within and between countries will be its starting point. The agency of migrants and the relationship of the political left (ranging from left-liberal to radical anti-capitalist) to the phenomenon of migration will be situated and discussed within this large frame. We use a broad definition of migration, including free and unfree labour, temporary and permanent migrants, as well as the full variety of status ranging from sans papiers and asylum seekers/refugees to classical migrant workers. Questions to be addressed are:

The aim of the conference is to discuss these questions at an empirical and a conceptual level and invites papers which duly situate their empirical case or conceptual inquiry within the larger frame of the discussion of capital and labour on the move.Contributions with transnational, (world- )regional or global perspectives or topics are equally welcome.

Proposed papers should include:

The abstract of the suggested paper should contain a separate paragraph explaining how and (if applicable) to which element(s) or question(s) of the Call for Papers the submitted paper refers. The short CV should give information on the applicant’s contributions to the field of labour history, broadly defined, and specify (if applicable) relevant publications. For the purpose of information, applicants are invited to attach a copy of one of these publications to their application. Proposals to be sent to Lukas Neissl.

Submission Deadline: 19 January 2020

5th Nordic Post-Keynesian Conference (Aalborg, April 2020)

22-24 April 2020 | Aalborg University, Denmark

Traditional economics failed to predict the financial crisis, and traditional theory cannot provide an adequate analysis of the current economic uncertainties in Europe. The economic profession needs to explore theories that are more realistic than the conventional understanding of economic dynamics, institutions and international integration. The themes of the conference are topical and focused on the frontiers of economic research by emphasizing the Post-Keynesian methodological and theoretical approaches to economics. The general equilibrium approach has built in too many unrealistic assumptions to serve as an adequate foundation for the dynamics of the 21st century challenges. Stock-Flow Consistent models lie on the frontier as a possible alternative frame of modeling. Economics students and scholars have become increasingly critical and path-breaking in a number of areas, hence the conference is opened by a PhD- School
The conference will call for new theoretical directions and methods to work with economics than mainstream. Pluralism and problem-based learning will make economics interesting and more relevant to young researchers
The conference in Aalborg in 2020 will focus on three main areas:

Abstracts should be approximately 500 words and include details of authors. The submission form requires plain text, and we therefore recommend the preparation of a version without rich text formatting to submit here.

Please find further information on the official website or contact the organizing comitee via email.

Submission Deadline: 6 January 2020

5th Nordic Post-Keynesian Conference (Aalborg, April 2020)

22. - 24. April 2020 | Aalborg, Denmark

Traditional economics failed to predict the financial crisis, and traditional theory cannot provide an adequate analysis of the current economic uncertainties in Europe. The economic profession needs to explore theories that are more realistic than the conventional understanding of economic dynamics, institutions and international integration. The themes of the conference are topical and focused on the frontiers of economic research by emphasizing the Post-Keynesian methodological and theoretical approaches to economics. The conference will call for new theoretical directions and methods to work with economics than mainstream. Pluralism and problem-based learning will make economics interesting and more relevant to young researchers. The conference in Aalborg in 2020 will focus on three main areas:

For further information and submission of paper abstracts visit the officical website or contact the organizing comittee via email.

Submission Deadline: 6 January 2020

AFFE @ Midwest Economics Association Annual Meeting (US, March 2020)

27-29 March 2020 | Evanston, Illinois, US

The Association for Evolutionary Economics invites papers fro a session at the 2020 Midwest Economis Association (MEA) conference in Evanston, Illinois. We welcome papers that discuss contemporary and historical issues analyzed from original institutional economics perspective, as well as theoretical and methodological inquiries. Case studies and pedagogoical disucssions, as well historicla nad contemporary topics are equally suitable for this session. Panel discussions in which a moderator and three or more panelists discuss a book, and/or topics of current interest are also welcome.

Please submit title, contact information, JEL code with sub-classification numbers and an abstract (250 words) to Zdravka Todorova, please indicate if you wish to serve as a discussant or chair.

For further information about the 2020 MEA conference, please visit the association's website.

Submission Deadline: 7 November 2019

Annual ESPAnet Conference (Leuven, Sept. 2020)

02-04 September 2020 | Leuven, Belgium

The annual Eurpean Network for Social Policy Analysis (ESPAnet) Conference offers scholars the opportunity to present and discuss research on the future of social policies in challenged societies. For inspiration, we provide a list of suggestions for stream themes below. Proposals for stream themes may of course differ from these suggestions. Generally, we welcome streams that incorporate a gender and diversity perspective.

Stream Themes:


Stream proposals can be submitted as Word of PDF document. They should not exceed one page and need to include:

Please send your proposal via email or visit the official website for further information.

Submission Deadline: 01 December 2019

Call for Book Chapter Proposals: "(De)automating the Future"

Technology, it often seems, is our fate. Not only has capitalism's fossil fuel-based industrialization led to global warming; for many on both sides of the political spectrum the only solution to climate change and other societal problems, such as world hunger and poverty, appears in the form of further technological "innovation." The future—if there is to be one—seems to belong to technological systems that delegate collective political responsibility to machines and to a class alliance of capitalists and engineers.

The leftist commitment to technological progress, on the other hand, draws on the legacy of a Promethean strain in the Marxist tradition. Regimes claiming to represent the Marxian heritage have often acted as ruthless modernizers, attempting to create the material conditions for an emancipated society whose realization was forever deferred. As Lenin infamously put it: communism is soviet power plus electrification. The recent rise of socialist visions of automation, expressed in books such as Paul Mason's Postcapitalism (2015), Alex Williams and Nick Srnicek's Inventing the Future (2015), Peter Frase's Four Futures (2016), and Aaron Bastani's Fully Automated Luxury Communism (2019), suggests that the dream of "accelerating" the development of the forces of production, or repurposing existing technologies to alleviate inequality, is making a comeback. At the same time, heterodox readers of Marx remain skeptical. There is, after all, a long tradition of seeing technology as a materialization of capitalism's logic of abstract domination that only serves the accumulation of capital. Thus, these thinkers claim, technology cannot be easily separated from the antagonistic forces that give rise to it. In Inhuman Power (2019), Nick Dyer-Witheford, Atle Mikkola Kjøsen, and James Steinhoff offer a dystopian vision in which full automation does not abolish capitalism but supplies the technical means to literalize Marx's claim that capitalism is an "automatic subject." Moreover, Jason Smith (2017) has recently rediscovered radical auto worker James Boggs' prophetic claim that automation creates a "surplus people" no longer able to find steady employment. This might have debilitating consequences for the workers' movement since it exacerbates the fragmentation of those forced to rely on wage labor in order to have access to the means of life.

We are seeking chapters that critically investigate automation's ambivalences from interdisciplinary Marxist perspectives. The publishing format will be an essay collection (to be submitted to Brill's Historical Materialism book series or other international press). Collectively we hope to raise questions about the automation of manual and mental labor, technology's affordances for postcapitalism or the transformation and intensification of class antagonisms and capitalist exploitation, and the consequences automation will have for the natural environment. The prophets of technology have only automated the future in various ways; the point remains to change it.

Contributions should be generally oriented around one or more of the following (or thematically similar) questions:

How to apply

Send an abstract of 500 words to Jesse Ramirez or Johannes Fehlre.

Submission Deadline: 30 November 2019

Cambridge Journal of Economics: Special Issue on “Financialisation in developing and emerging economies: Manifestations, Drivers and Implications”

The Special Issue aims to provide an assessment of the financialisation process in developing and emerging economies (DEEs). It invites contributions on the theoretical and empirical specificities of the manifestations, drivers and implications of this process in these economies. It encourages interdisciplinary work, both in theory and method, and is particularly interested in papers, which make a conceptual contribution to the literature. The analysis of financialisation in DEEs is relatively novel. It is rooted in earlier discussions about the risks of financial globalisation and liberalisation, including the Latin American Structuralist literature on the hegemonic role of the US dollar, the debate on capital account liberalisation and capital market integration, the Minsky-inspired currency and boom bust dynamics of financial crisis in developing economies, and the critique of financial liberalisation and integration of DEEs.

Recently, a literature has emerged which looks more directly at the financialisation of DEEs. One strand of this literature has focused on its international dimension, particularly the ability of both foreign and domestic actors to exploit interest rate differentials and exchange rate volatility through their increasing participation in asset trading and the political economy implications of such a process. This aspect of DEE financialisation is associated with, and reinforced by, the structural dependence of DEEs on capital inflows, which demands appropriate economic policies, such as overvalued exchange rates and high interest rates, that guarantee and contribute to generate attractive financial returns. Another strand of the literature has sought to map the financialisation phenomena encountered in the Anglo-Saxon core onto DEEs. For example, empirical evidence has been used to show the transformation of non-financial corporations (NFCs), i.e., their shift from being primarily involved in real sector activities to becoming financial actors themselves. The debate draws attention to their costly efforts to increase shareholder value, which induces NFCs to decrease productive investments (and employment), affects wages negatively, and increases their vulnerability to (international) market conditions. Further, the literature shows that DEE NFCs have started to rely on long-term bond issuance rather than bank borrowing which has sometimes been associated with a move from bank-based systems towards market-based financial systems.

The above review reflects a rising interest in the issue of DEE financialisation, its manifestations, drivers and implications. The Cambridge Journal of Economics has been a leading outlet for these discussions over the years. However, despite this rising interest, many questions still remain unanswered. An indicative, and by no means exhaustive, list of questions that might be addressed in the SI includes:

Submission of Papers

Submissions should be made using the journal’s online submission system. During the submission process, authors should indicate that the manuscript is a candidate for the Special Issue titled Financialisation in developing and emerging economies: distinct manifestations, drivers and implications. Authors are also advised to include a note indicating this in a covering letter that can be uploaded during the submission process. All papers submitted will be considered using the CJE’s normal peer review process. Please refer to the Journal’s information for authors. In line with the general guidelines of the Cambridge Journal of Economics, manuscripts submitted for this Special Issue should seek to limit the usage and preferably avoid mathematical modelling.

Submission Deadline: 31 May 2020

Capitalism & Contention Conference (New York, March 2020)

13-15 March 2020 | New York, US

The New York University, Department of Sociology, New York City is organizing a Conference on Capitalism and Contention. The goal of this conference is to facilitate dialogue and debate among scholars and students who are working at the intersection of political economy and social movement studies. Keynote speaker is Vivek Chibber (New York University) on "Movements and the Many Lives of Capitalism".

We are calling for papers which address the following questions: How have capitalism and capitalist states catalyzed, but also constrained, workplace resistance, labor movements, "identity movements," environmental movements, rebellions, revolutions, and other forms of political contention around the globe over the past century? How and to what extent have these various forms of contention shaped capitalism and capitalist states in turn? Also, how have recent transformations of capitalism, and of class relations, altered the possibilities for and the nature of contentious collective action in the contemporary period? How have, and should, social movements relate to political parties and elections in pursuit of their goals? What are the prospects for radical change in contemporary capitalist societies? To what extent does social movement theory help us answer these questions, and to what extent does it need to be recast, perhaps radically?

To apply send an abstract (300-400 words) via email. Authors of papers accepted for presentation at the conference will by notified by January 7.

Submission Deadline: 31 December 2019

Conference on Achieving Sustainable Development in LDCs (Helsinki, Oct. 2020)

15-16 October 2020 | Helsinki, Finnland

The Helsinki conference will bring together the academic community, policy-makers and practitioners to solicit new thinking on the challenges and policy recommendations for LDCs for the next decade. The Conference will address the structural challenges and emerging issues LDCs face in pursuing sustainable development. It will also identify policy recommendations, which will significantly impact the extent to which LDCs can meet the SDGs, effectively compete in the global economy and eventually move towards convergence with other more developed economies. While papers addressing any of the SDGs are welcome, the paper presentation at the conference will be organized along the following broad themes:

More specific descriptions of each thematic area can be found here. Approximately 5-8 papers will be presented under each of the above broad thematic areas.

This call is open for senior and junior academics, as well as experts from international organizations and NGOs working in these areas, who are all invited to submit paper proposals, highlighting the connection of the proposed paper to one or more of the broad themes identified above and to any of the SDGs, the type of data and analysis that will be used, and the policy area(s) to which recommendations will relate. Please submit the following in the online system:

In case of any additional clarification, please contact the organizing comittee via email or visit the official website.

Submission Deadline: 18 December 2019

Conference on Strategies for Degrowth in Europe (Vienna, June 2020)

29 May - 1 June 2020 | Vienna, Austria

“Degrowth Vienna 2020 – Strategies for Social-Ecological Transformation” is a four-day conference taking place in Vienna from May 29th until June 1st 2020. The Vienna conference will explicitly focus on exploring strategiesfor a degrowth transformation and aiming to support strategy development between scholars, practitioners and activists. The conference will complement the 2020 International Degrowth Conference in Manchester. By bringing together practitioners, artists, activists, civil society actors and scientists, we want to integrate different kinds of existing expertise and elaborate promising approaches to transforming the economy in a socially just and ecologically viable way. The conference will have a participatory design, including a thorough documentation process that will generate concrete outcomes for the degrowth movement and research society.

The conference consists of two main parts, firstly understanding past and future transformations and the role of strategies and secondly, strategies in practice:

We warmly invite scholars, practitioners, activists and artists to send proposals for one or more of the three different forms of contributions: 1. Standard Session, 2. Workshop Session, and 3. Consecutive Sessions. Within these forms, different formats are welcome, and we would like to encourage you to develop the format which fits your purpose best. Each session lasts 90 minutes.

For submission details and further information please visit the official website or send an email.

Submission Deadline: 15 December 2019

Cuadernos de Economía Crítica: Special Issue on "The Science of Sustainability under structural crisis and the unsustainability of life"

The world is going through a crisis that questions the historical forms of production and social reproduction as well as the forms of production of hegemony in the society. However, the crisis surpasses economic and political concerns, it goes beyond the primary contradictions emerging from the social relations of production established between labour and capital, and puts into question the very reproduction of life from an integral point of view.

The editorial team of Cuadernos de Economía Crítica understand that there are many contributions that have been made in the South and that should be contemplated within the framework of an agenda of the Science of Sustainability. Likewise, we believe that the definition of sustainability and the resulting policies cannot remain in the hands of orthodoxy and corporate power. The Special Issue on "The Science of Sustainability under Structural Crisis and the Unsustainability of Life" proposes to incorporate these dilemmas within the aspects dealing with the Science of Sustainability. We seek to hierarchize the contributions made from the agendas of the Latin American communities, who resist the advance on life in all its forms. We algo try to understand the integral dimensions of the current crisis, the strategies of capital, the resistances and alternatives arising from rebellious peoples. We also aim to receive contributions that analyze social problems and provide diagnoses from research and participatory action, understanding the academy and political action as connected worlds. Transformations in academic institutions, in the research programs of our countries, will not come without an equally directed correlate, outside of them.

Therefore, the Sociedad de Economía Crítica through Cuadernos de Economía Crítica, seeks to stimulate contributions that recognize the crisis and the need for both global and local approaches to ensure the sustainability of life. We call for the submission of proposals for articles and interventions to be part of a dossier to be published in the first half of 2020. Contributions are invited on topics such as (the list is by no means exclusive):

Contributions should be submitted through the submission portal. Each collaborator must register by creating a user as author, and then follow the steps indicated on the same page. Collaborations will be subject to the editorial standards of the journal, available here in Spanish and here in English. For further questions send an email.

Submission deadline: 1 December 2019

History of Economic Society Conference (Utrecht, June 2020)

18 - 21 June 2020 | Utrecht, Netherlands

The Annual Conference of the History of Economics Society is one of the most important international gatherings of historians of economics. Papers dealing with any aspect of the history of economics are welcome, including work related to any period or any school of economic thought. Also welcome are papers that situate economics in wider intellectual and cultural contexts or relate it to other disciplines. Although we welcome proposals for individual papers, proposals for complete sessions are especially encouraged. To submit a paper or session proposal, go to the conference website where there is a link to a form of making submissions. Those proposing papers will be asked to submit an abstract of about 250 words, while those proposing sessions will be asked for an abstract of about 750 words that lists all participants, titles and very brief descriptions of the papers to be included. We encourage scholars from neighboring disciplines to participate. Inquiries regarding session proposals are most welcome, and should be addressed to Marcel Boumans.

Submission Deadline: 1 February 2020

Workshop on "Patents as Capital" (Stockholm, Sept 2020)

8-10 September 2020 | Stockholm

We invite contributions to the workshop “Patents as Capital,” which forms the 2nd workshop of the ERC-funded project PASSIM (Patents as Scientific Information), in collaboration with The International Society for the History and Theory of Intellectual Property (ISHTIP). Patents are regarded as central techniques and indicators of value in the 'knowledge economy' by linking immaterial knowledge to capital. In intellectual property scholarship, particularly that approaches law as economics or as a regulatory tool, patents are commonly studied as means of commercial and economic strategies. But this focus leaves out the other ways in which patents act as both instruments and representations of diverse kinds of capital: intellectual, cultural, scientific and financial capital(s). The concrete processes by which patents are implicated in and give rise to various practices of capitalisation and valuation remain relatively underexplored. Rather than equating patent with value, or presuming that patents generate intellectual capital, this workshop aims to examine and delineate the workings of patents as capital in their multiple manifestations: as personal privilege, scientific credit, cultural symbol, instrument of credibility and as financial proxies. These are only examples of the queries that we would like to discuss. We welcome cross-disciplinary and interdisciplinary contributions that problematise and analyse the promises and failings of patents as capital and that study the role of patents in such capitalisation processes.

We will give preference to unpublished papers that seek substantive feedback from participants of the workshop. PASSIM will cover the travel and accommodation cost of the selected participants. Any questions can be directed to the organizers of the workshop Björn Hammarfelt, Gustav Källstrand or Hyo Yoon Kang. Submit proposals up to 500 words here.

Submission Deadline: 14 February 2020

YSI at International Conference Minsky at 100 (Milan, Dec. 2019)

16-17 December 2019 | Milan, Italy

The Young Scholars Initiative (YSI) is glad to announce a new call for papers. The Keynesian Economics working group is organizing a graduate panel session at the International Conference Minsky at 100: Revisiting Financial Instability. The aim of the conference is to bring together scholars of different traditions/schools of thought to discuss the causes and consequences of financial instability in contemporary economic systems and to assess the legacy of Hyman P. Minsky.

How to apply

All applicants must submit an abstract in English (3000 characters maximum) and a motivation for attending the conference (1000 characters maximum) to the following email: KEWG@youngscholarsinitiative.org. Accommodation and partial travel support will be offered for selected participants. Please notice that selected candidates must pay their conference fee. Find further information here.

Submission Deadline: 6 November 2019

Call for Participants

13th AHE postgraduate workshop on advanced research methods (Leeds, Jan. 2020)

16-17 January 2020 | Leeds University Business School

Applications are open for funded places at the annual Association for Heterodox Economics postgraduate workshop on advanced research methods in economics. The workshop covers topics in research not typically covered in economics training. It will be held for the fifth time at the University of Leeds, which has a continuing tradition of doing economics in open, critical ways. The workshop is open to any Ph.D. students on economics topics. Funding is available to cover travel, accommodation and subsistence expenses for the above event. but UK-registered Ph.D. students have priority. Whilst applications are welcome from anywhere in the world, funding priority will be given to UK-registered students. Students who have previously attended are not eligible for funding.

Workshop topics include:

To apply, use the official online form. For further questions plese ask Dr. Andrew Mearman.

Application Deadline: 17 November 2019

15th Annual AFIT-AFEE Student Scholars Award Competition

The Association for Institutional Thought (AFIT) and the Association of Evolutionary Economics (AFEE) are proud to announce its 15th Annual AFIT-AFEE Student Scholars Award Competition. This competition seeks to encourage undergraduate and graduate students to pursue research topics in the field of Evolutionary-Institutional Economics, and related heterodox schools of thought such as Social and Solidarity Economics, Post-Colonial Studies, and other pluralist methodologies. As a professional association, AFIT is devoted to encouraging and fostering the development of institutional thought.

Students doing research in this vein are encouraged to submit papers that carry on and further advance Evolutionary Institutional Economics. Awards will be given to the top three student papers drawn from the pool of submissions. Winners are then expected to present their research findings during a special session at the 41 th Annual Meeting of AFIT as part of the 62 st annual conference of the Western Social Science Association (WSSA), April 1-4, 2020 in Portland, US.

Each of the three winners will receive:

In order to be awarded the prize, winning papers must be presented by the student at the special AFIT session. Acknowledgements will be offered at the AFIT Banquet at the WSSA meetings.To enter into this competition, the person submitting must be identifiable as having student status. Submitted papers should be 15 to 25 pages (4,000-7,000 words) in length, including references and appendices, and must include a title page with the title, author, educational affiliation, and email address. Papers should be submitted electronically, preferably as a .pdf file. Please submit your papers at the official website and be sure to select the “Student Scholars Award for members of AFIT” and any other competition for which you would like to be considered.

Submission Deadline: 10 January 2020

2nd Workshop on "Teaching History of Economic Thought and Pluralism in Economics" (London, Nov. 2019)

6-7 November 2019 | Queen Mary University of London, UK

Teaching with Historical Perspectives presents various historical perspectives to the same problem and exposes students to the evolution of actual problems and how disciplines have changed as a result of both changes in the concrete issues and debates amongst various schools of thought. The 2nd Workshop on Teaching with Historical Perspectives
"Integrating the History of Economic Thought in the classroom" takes place on 6-7 November at the Graduate Center of Queen Mary University of London.

For further information visit the official website or contact Luigi Ventimiglia via email.

Conference "European industrial policy - a tool for a Green New Deal" (Brussels, Dec. 2020)

11 December 2020 | Brussels, Belgium

By the end of 2019 the European commission will present a new industrial policy strategy which will favour only the member states in the EU which have already big national champions such as Germany and France. And in the first hundred days the European commission will present its proposal for a “Green Deal”. This is the time for the Left to develop its own demands for a people’s centred green new deal and a left European industrial policy vis-à-vis the neoliberal commission’s approach. As GUE/NGL demanded in its position paper for new EU top job-holders, we need a green planning at EU level with massive public investment to achieve a socially just ecological transition respecting the planetary boundaries. Which are the means to achieve 100% renewable energy generation by 2050, public transport and local railways for rebalancing territories? How to finance refurbishment of housing to fight energy poverty? How and in which sectors can we create millions of urgently needed jobs to fight poverty and unemployment? How to change the European state-aid rules? How to use the European structural funds and the MFF? How to make sure that the European central bank and the European Investment Bank funds social-ecological transition? How to promote local and ecological agriculture with short food supply chains? A radical left green new deal must be based on conversion of the defence sector, a care revolution, and international fair trade.

This initiative of GUE/NGL and Rosa-Luxemburg-Foundation Brussels in cooperation with transform!europe aims at bringing together partners from different member states such as: representatives of progressive parties in the EU and the U.S., trade unions, climate justice organisations and economists.

To attend the conference please register at Manuela Kropp via email.

GLOBE 2019 Winter School in International Relations (Leysin, Feb. 2020)

24-28 Feburary 2020 | Leysin, Switzerland

Located in a historical resort of the Swiss Alps, the GLOBE Winter School in International Relations provides a unique environment for PhD students intending to situate themselves within the IR discipline. GLOBE PhD school builds up from the idea to create innovative PhD network workshops with colleagues from Groningen, Lausanne, Oslo, Brussels, and Erfurt (GLOBE). Our focus on recent epistemological advances in non-positivist scholarship delivers expertise through tailor-made roundtables, PhD presentations, walk & talk sessions and collective readings.

This year, the overall theme is on “Risk, crises and uncertain futures”. Tailor-made roundtables are organised so as to explore and tackle fundamental questions related to new objects of enquiry likely to link issues of knowledge, power, and time in domains as diverse as the environment, security, finance, or development. This is a unique opportunity for PhD students and early post-doc researchers to engage with various facets of the epistemological foundations of the international relations in more than ever uncertain times. While the roundtables are organised around this theme with readings suggested by speakers, the breakout sessions of PhD/post-doc presentations are conceived as an open space to share ideas and receive feed-back on projects that don’t need to match these themes.

Application can be done online and should include:

Please look at the website to find more information (detailed program, fees, description and speakers) or please contact the organizing comitee via email.

Application Deadline: 15 December 2019

International Master's Course "Economic Policies in the Age of Globalisation" (EPOG 2.0)

Call for application for the 2-year programme - 2020/2021 for the International Master's Course "Economic Policies in the Age of Globalisation"

EPOG 2.0 is an international Master's Course, developing a pluralistic apporach in econnomics, and in which institutionalist and heterodox approaches are highlighted. The objective of EPOG 2.0 is to train a new generation of experts. Its graduates will be able to assess and rethink macroeconomic, innovation and economic development policies through the lens of the ecological emergency. EPOG 2.0 is an innovative master programme that articulates systematically how sustainability issues penetrate macroeconomic policy-making, innovation trends, corporate responsibility and development activity.The core design of the EPOG 2.0 Master’s relies on the development of an expertise in a specific field and a general understanding of interdependencies among economic policies with a precise, consistent and continuous course progression. Students are being awarded a double diploma from two European (or South African) prestigious universities.The partners include a number of prestigious institutions :

How to applyPlease anticipate the fact that the application process is quite demanding and it is is recommended to start as early as possible. Please also consider thoroughly the options you wish to apply for since the focus of courses, the degrees they lead to and the host institutions and countries differ according to the option and major. More information on the call here and the admission procedure here. The course will start in September 2020. The selection will be organised jointly with the EPOG+programme. In order to apply for EPOG2.0, you will be redirected to the joint EPOG+/EPOG2 platform. Under “Campaign”, pick “EPOG+”. You will then be able to choose which EPOG2.0 and/or EPOG+ options you want to apply to.For further information please visit the official website. Application Deadline: 30 January 2020 (14:00 - Paris time)

Pluralistic Teaching Workshops at ICAPE Conference 2020 (San Diego, January 2020)

5-6 January 2020 | University of San Diego, US

The Economic Development Working Group, Young Scholars Initiative is partnering with International Confederation of Associations for Pluralism in Economics Conference (ICAPE) to organise the Pluralistic Teaching Workshops at ICAPE Conference 2020, University of San Diego on January 05-06th, 2020. The workshops aim to equip young scholars with the tools necessary for teaching economics and designing courses and curriculum pluralistically, as well as to guide pluralists regarding the publishing process. The workshops are led by leading active pluralist economists and are generously funded by the Institute for New Economic Thinking. Young scholars (Post docs, PhD Candidates and Postgraduate students) are invited to submit application to attend all workshops. Successful applicants will:

You can apply online via the application form. For further information visit the official website or contact the organizing comittee via email.

Registration Deadline: 10 November 2019

Job Postings

California State University San Bernardino, US

Job title: Assistant Professor in Economics

The Department of Economics at California State University, San Bernardino invites applications for a full-time, tenure-track position. This position will be at the Assistant Professor level and will start in the Fall 2020 semester – classes start in the second half of August. Applicants must have a Ph.D. by August 2020. We are looking for applicants with research and teaching interests in heterodox economics, feminist economics, or environmental economics. A concern with issues associated with Latin America would be a plus for an applicant, but is not a requirement for the position.

How to apply

To apply for this position, you must submit a CV, cover letter, job market paper, teaching statement, evidence of teaching effectiveness if available, and an unofficial graduate transcript. Arrange to have three reference letters sent via email. We will be conducting interviews at the ASSA meetings in San Diego, California, January 3-5, 2020. Application is possible via the online form. Questions about this position can be directed to Daniel MacDonald.

Application Deadline: 17 November 2019

Colorado State University, US

Job title: Assistant Professor of Applied Microeconomics

The Department of Economics at Colorado State University invites applications for a full-time, entry-level tenure-track Assistant Professor whose primary research and teaching interests include Applied Microeconomics with preference for scholarship focusing on income and wealth inequality including racial, ethnic and/or gender dimensions. The successful candidate will be expected to teach in our graduate microeconomics and econometrics sequences. The successful candidate will be appointed untenured and at the rank of Assistant Professor. Tenure requires both scholarly accomplishment and excellence in teaching.


Interested applicants must submit a cover letter describing their suitability for the position and commitment to diversity and inclusion, CV, research statement, teaching statement/evidence, job market paper three letters of recommendation.

Please find detailed information about the application process and further requirements here.

Application Deadline: 18 November 2019

Progressive Economy Forum, UK

Job title: Economist

The Progressive Economy Forum (PEF) brings together a Council of eminent economists and academics to develop a new macroeconomic programme for the UK. PEF is looking to recruit an Economist to contribute to and manage its research output and comment on economics issues . The role would suit someone with an informed interest in economic policymaking and related political debates; experience in communicating these ideas to a range of audiences; and a passion for changing the way our economy is run.

We are looking for someone who can work proactively and contribute to helping develop the culture and structures of our organisation as it grows. This is a full-time position, but we are open to considering part-time working arrangements.


Person specification


To apply, please send a copy of your CV and covering letter via email.

St. John's University, US

Job-title: Assistant Professor

The Economics Department of St. John's University in Queens, New York is conducting a search to fill an Assistant Professor position. We are particularly interested in hiring a candidate who works on applied microeconomics (especially equity, justice and inequality) and Labor (especially discrimination). Ability to teach a diverse student body is essential. Ability to work in a department that includes mainstream and heterodox economists is necessary.

A PhD in Economics is required for tenure track position. Applications will be accepted until the position is filled. Please submit a letter of application, CV, statement of research interests and teaching philosophy and contact information for three professional references online via the official website.

Application Deadline: 22 November 2019

Trinity College, US

Job title: Assistant Professor of Economics (Position 1 of 2)

The Department of Economics and the International Studies Program invite applications for a tenure track assistant professor beginning September 2020, with Ph.D. completion by August 2020. We seek a development economist focused on East Asia, committed to excellence in undergraduate teaching and scholarly research, to join a community of diverse students and faculty, who come from all socio-economic, racial, ethnic and religious backgrounds, across the US and internationally. Teaching duties include core and elective field courses in development and the economics of East Asia, and a course in International Studies. The teaching load is four courses per year for the first two years and five courses per year thereafter, with a one-semester leave every fourth year.

How to apply

Completed applications, CV, three letters of recommendation, transcript, teaching statement, a writing sample, and official summaries of teaching evaluations must be sent via the online form. Please contact Rasha Ahmed for further questions or visit the official website.

Application deadline: 4 November 2019

Title: Assistant Professor of Economics (Position 2 of 2)

The Department of Economics invites applications for a tenure track assistant professor beginning September 2020, with Ph.D. completed by August 2020. We seek a macroeconomist (non-monetary), committed to excellence in undergraduate teaching and scholarly research, to join a community of diverse students and faculty, who come from all socio-economic, racial, ethnic and religious backgrounds, across the US and internationally. Trinity is a liberal arts college with 2,200 students located in, and engaged with, Connecticut’s capital city of Hartford. Teaching duties include intermediate macroeconomic theory, and elective courses in the candidate’s field of specialization. The teaching load is four courses per year for the first two years and five courses per year thereafter, with a one-semester leave every fourth year. In a cover letter applicants should carefully discuss areas of research and teaching interest.

How to apply

Completed applications, including CV, three letters of recommendation, transcript, teaching statement, a writing sample, and official summaries of teaching evaluations must be sent via the online form. For further question please contact Diane Zannoni or visit the official website.

Application deadline: 7 November 2019

University of Amsterdam, Netherlands

Job title: PhD candidate in Political Theory of Financial Debt

The Department of Political Science of the Faculty of Social and Behavioural Sciences (FMG) invites applications to a PhD position within A New Normative Framework for Financial Debt project, which is being funded by the Netherlands Organisation for Scientific Research (NWO). This PhD track is part of the Political Theory group with the 'Challenges to Democratic Representation' program group. The PhD candidate will


How to apply

Send your CV, cover letter, a writing sample (in English; max 8.000 words), and your research proposal on the topic of the project (in English; max 800 words) via the link on the official website. The position concerns a temporary appointment of 38 hours per week for a maximum term of 4 years. The initial appointment is for one year. For further information please contact Eric Schliesser.

Application Deadline: 17 November 2019

University of Manitoba, Canada

Job title: Assistant Professor in Economic Development and Economic History

The Department of Economics and the Global Political Economy Program, Faculty of Arts, at the University of Manitoba (Winnipeg, Canada) invites applications for a full-time, tenure-track appointment at the rank of Assistant Professor in Economic Development and Economic History. A PhD (or near completion) in Economics, or a cognate discipline, is required. The candidate should be able to demonstrate promise of excellence in teaching and research in economic development, economic history and historical political economy. Familiarity with heterodox approaches to economics is preferable. The candidate would preferably have an active research program in economic development with a focus on North American Indigenous communities. Responsibilities will include undergraduate and graduate teaching, graduate supervision, a productive research program, and service-related activities.

The University of Manitoba is the province’s largest, most comprehensive post-secondary educational institution. More than 28,000 students from all over the world currently study in a wide range of programs in the liberal arts and sciences, the creative arts, and the professions. Research is a priority at the University of Manitoba and the success of its faculty in securing substantial research support in national and international competitions attests to this fact. The Economics Department is a vibrant research-active environment with 600 undergraduate majors, as well as active MA and PhD programs.

The appointment may begin on or after July 1, 2020. The salary for the position will be commensurate with the qualifications and experience of the chosen candidate. The University of Manitoba is strongly committed to equity and diversity within its community and especially welcomes applications from women, racialized persons/persons of colour, Indigenous peoples, persons with disabilities, persons of all sexual orientations and genders, and others who may contribute to the further diversification of ideas. All qualified candidates are encouraged to apply; however, Canadian citizens and permanent residents will be given priority.

Application for this position must include a letter of application and a curriculum vita. As well, three confidential letters of reference must be received directly from the applicant’s referees. Candidates should also include a recent research paper and evidence of effective teaching, such as teaching evaluations and sample course outlines. Applications and confidential references should be send electronically. Further information concerning the Department of Economics, the Global Political Economy Program, or the University may be obtained from the official website or via email. Please note that curriculum vitae may be provided to participating members of the search process.

Application Deadline: 30 November 2019

University of Texas, US

Job title: Assistant Professor in Political Science (Feminist Political Economy/Women & Public Policy)/College of Liberal Arts

The Department of Political Science at the University of Texas Rio Grande Valley invites applications for a full-time tenure-track faculty member in Feminist Political Economy and/or Women & Public Policy to begin September 1, 2020.

The department is particularly interested in applicants with a critical research agenda that could include (but is not limited to) social reproduction, non-wage/uncompensated labor, gendered labour markets, feminist state theory, intersectionality, women's human rights and gender equality, globalization and its impact on women in the Global South, solidarity movements, or women and public policy (e.g., healt care, poverty). Applicants may have a U.S., comparative regional, or global perspective. This position continues the department's effort to build an undergraduate and graduate program anchored in the concepts and methods of political science while simultaneously crossing disciplinary boundaries to incorporate topics, concepts, and methods utilitzed by other disciplines. The successful candidate will teach graduate and undergratuate courses in their substantive specialization as well as introductory courses on U.S. Federal Government & Politics. The department maintains a highly flexible teaching schedule (4 course per academic year) that can incluce 1 to 2 day per week teaching schedules, evening schedules and onlene teaching with possible support from graduate assistants, undergraduate research interns, and instructional coaches.


How to apply

Required documents are

For application please use the online form.

Application Deadline: 27 December 2019


Call for Nominations: Joseph J. Spengler Book Prize

The History of Economics Society welcomes nominations for the Joseph J. Spengler Book Prize.Books and scholarly monographs in the history of economics published in calendar years 2017 through 2019 are eligible. Original, authored (non-edited) books in the history of economics published, in English originally, during the three calendar years preceding the HES Meeting at which the award is presented may be nominated. Scholarly books and monographs are eligible, but neither textbooks, nor doctoral dissertations, are eligible.

The Selection Committee consists of three members of HES named by the President of HES in the months following the annual meeting.The Chair of the Selection Committee shall prepare a statement to be read at the HES Banquet announcing the Spengler Prize winner. The Prize shall be in the amount of $500.00 US. The winner also shall receive a suitable plaque at the banquet, one ticket for the conference banquet, complimentary conference registration, and reimbursement of expenses incurred to attend the conference to a maximum of $1,000 U.S. In case of a shared Prize, the money shall be divided equally, and two plaques shall be awarded.

How to apply

Up to two nominations can be made per publisher for books published in the period of eligibility. Publishers should send a nominating note to the Secretary of HES . The Secretary will then provide the publisher with the addresses of the members of the judging committee, to whom copies of the nominated book should be sent. The publisher will need to supply four copies. Any person who wants to nominate a book should begin by sending a brief nominating statement to Marianne Johnson, Secretary, History of Economics Society. Please state the author(s), title of the book, publisher, and date of publication when making a nomination.

Application Deadline: 31 December 2019

Calls for Nominations: Awards of ESHET Conference

The European Society for the History of Economic Thought Council (ESHET) is inviting nominations for the Awards that will be announced at the next annual ESHET Conference in Sofia, Bulgaria, 28-30 May 2020:

Self-nominations are not accepted for any of the prizes. Subsequently each nominee will be asked to submit to the Council three publications on which s/he wishes to be judged. The final decision on each of the prizes will be made by the Council of ESHET in Sofia.

Rules for Awards

Nomination Deadline: 15 December 2019

Winner Announcement: EAEPE Research Prizes

The European Association for Evolutionary Political Economy (EAEPE) has awarded its research prizes at its annual conference, which took place in Warsaw (Poland) from Sept 12-15th, 2019. The winners have proposed innovative theoretical, empirical and methodological contributions to the analysis of the role of finance, governance and innovation in socio-economic development:

Lee, Keun and Lee, Jongho (respectively Department of Economics, Seoul National University, Seoul, South Korea; Barun ICT Research Center, Yonsei University, Seoul, South Korea for the article entitled “National innovation systems, economic complexity, and economic growth: country panel analysis using the US patent data.”

Kim, Yun K., Gilberto Tadeu Lima, and Mark Setterfield (Univ. of Massacchusset Boston, USA) for the article entitled "Political aspects of household finance: debt, wage bargaining, and macroeconomic (in) stability."


Economy and Society, 48 (3)

Nina Boy & Daniela Gabor: Collateral times

Carolyn Sissoko: Repurchase agreements and the (de)construction of financial markets

Taylor Spears: Discounting collateral: quants, derivatives and the reconstruction of the ‘risk-free rate’ after the financial crisis

Jamie Morgan: Will we work in twenty-first century capitalism? A critique of the fourth industrial revolution literature

Matthew Soener & Michael Nau: Citadels of privilege: the rise of LLCs, LPs and the perpetuation of elite power in America

David M. Evans & Josephine Mylan: Market coordination and the making of conventions: qualities, consumption and sustainability in the agro-food industry

Ben Fine: Marx’s rent theory revisited? Landed property, nature and value

European Journal of Economics and Economic Policies 16 (2)

Andrea Terzi: The rise of national central banks' TARGET balances in the euro area: a comment

Marcello Minenna, Giovanni Dosi and Andrea Roventini: The rise of national central banks' TARGET balances: a response to Andrea Terzi

Jan Behringer, Sebastian Gechert, Özlem Onaran and Miriam Rehm: Ten years after the crash: what have we learned?

Engelbert Stockhammer: An update on the Kalecki-Minsky modelling

Stephanie Seguino: Feminist and stratification theories' lessons from the crisis and their relevance for post-Keynesian theory

Thomas Reininger, Helene Schuberth and Michael Wögerer: Ten years after: capital flows and the global monetary order

László Andor: Risks of a slow-motion EMU reform

Eckhard Hein: Karl Marx: an early post-Keynesian? A comparison of Marx's economics with the contributions by Sraffa, Keynes, Kalecki and Minsky

Fritz Helmedag: Marx and Keynes: from exploitation to employment

Hansjörg Herr: Karl Marx's thoughts on functional income distribution: a critical analysis from a Keynesian and Kaleckian perspective

Feminist Economics 25 (4)

Georg Stadtmann & Hendrik Sonnabend: Good Intentions and Unintended Evil? Adverse Effects of Criminalizing Clients in Paid Sex Markets

Clara Mi Young Park: “Our Lands are Our Lives”: Gendered Experiences of Resistance to Land Grabbing in Rural Cambodia

Marylynn Steckley & Joshua Steckley: Post-Earthquake Land Appropriations and the Dispossession of Rural Women in Haiti

Niels-Hugo Blunch: My Choice: Women’s Contraceptive-Use Autonomy in Bangladesh

Lei Lei, Sonalde Desai & Reeve Vanneman: The Impact of Transportation Infrastructure on Women's Employment in India

Fernanda Mazzotta, Anna Papaccio & Lavinia Parisi: Household Management Systems and Women’s Decision Making Within the Family in Europe

Margherita Scarlato & Giorgio d'Agostino: Cash Transfers, Labor Supply, and Gender Inequality: Evidence from South Africa

Iga Magda & Ewa Cukrowska-Torzewska: Do Women Managers Lower Gender Pay Gaps? Evidence from Public and Private Firms

Marit Widman & Robert Hart: Joint Land Titling and Household Bargaining in Madagascar

Temilade Sesan, Mike Clifford, Sarah Jewitt & Charlotte Ray: “We Learnt that Being Together Would Give us a Voice”: Gender Perspectives on the East African Improved-Cookstove Value Chain

Nishith Prakash & Krishna Chaitanya Vadlamannati: Girls for Sale? Child Sex Ratio and Girl Trafficking in India

Historical Materialism, 27 (3)

Esther Leslie: Strawberries and Cream: On Esfir Shub and the Revolutionary Object

Brian Kelly: Slave Self-Activity and the Bourgeois Revolution in the United States: Jubilee and the Boundaries of Black Freedom

Sinclair Thomson: Self-Knowledge and Self-Determination at the Limits of Capitalism

Anne Freeland: Motley Society, Plurinationalism, and the Integral State

Luis Tapia Mealla: History and Structure in the Thought of René Zavaleta

René Zavaleta Mercado: Towards a History of the National-Popular in Bolivia, 1879–1980

Axel Weipert: The Central Office of Factory Councils in 1919–20

Charles Post: How Capitalist Were the ‘Bourgeois Revolutions’?

Heide Gerstenberger: ʻHow Bourgeois Were the Bourgeois Revolutions?ʼ

Neil Davidson: Capitalist Outcomes, Ideal Types, Historical Realities

International Critical Thought 9 (3)

Hui Jiang: We Are Still in the Historical Era Specified by Marxism

Jiamu Zhu: Calibrating the Direction of China's Reform and Opening-Up in the New Era

Jacques Bidet: Marxism and Left Populism in Southern Europe Today

William I. Robinson & Yousef K. Baker: Savage Inequalities: Capitalist Crisis and Surplus Humanity

Jeff Noonan: Liberalism, Capitalism, and the Conditions of Social Peace: A Critique of Steven Pinker’s One-Sided Humanism

Jeffery L. Nicholas: Alasdair MacIntyre and Utopia: An Introduction

Paul Blackledge: Utopias: Future, Present and Concrete in Alasdair MacIntyre and C. L. R. James

James MacAllister: Utopianism of the Present: MacIntyre on Education and the Virtue of Hope

Tony Burns: Alasdair MacIntyre, Utopianism, and the Politics of Social Institutions

Michael Lazarus: Politics in the Conflicts of Modernity: Aristotelian and Marxist

Journal of the History of Economic Thought, 41 (4)






Rethinking Marxism 31 (4)

Emmanuel Terray & Joseph Serrano: Exploitation and Domination in Marx’s Thought

Faruk Eray Düzenli: “Is There No Alternative?”: An Overdeterminist Marxian Class Analysis of International Political Economy

Suzanne Bergeron: When Failure Becomes Success: The Antiessentialist, Antidisciplinary Contribution of David Ruccio’s Development and Globalization

Jack Amariglio: “Capitalism Has a Conjunctural History but No Necessary Trajectory”: A Comment on David Ruccio’s Development and Globalization

Adam David Morton: Reading for Class

David F. Ruccio: Changing the Subject: Response to Düzenli, Bergeron, Amariglio, and Morton

Sami Torssonen: A History of Ideological Transparency

Ian E. J. Hill: Monsterization, Mechanization, Contradiction: Marx’s Rhetoric of Technology

Dylan Cree: A Response to Tyson E. Lewis’s “A Marxist Education of the Encounter”

Tyson E. Lewis: Response to Dylan Cree

Gregory C. Flemming: From Questioning to Answering: The Paranoid Dialectics of P. K. Dick

Review of Keynesian Economics 7 (4)

Esteban Pérez Caldentey and Matías Vernengo: Thirlwall's law at 40

J.S.L. McCombie: Why Thirlwall's law is not a tautology: more on the debate over the law

Ignacio Perrotini-Hernández and Juan Alberto Vázquez-Muñoz: Endogenous growth, capital accumulation and Thirlwall's dynamics: the case of Latin America

Esteban Pérez Caldentey and Juan Carlos Moreno-Brid: Thirlwall's law and the terms of trade: a parsimonious extension of the balance-of-payments-constrained growth model

Gustavo Bhering, Franklin Serrano and Fabio Freitas: Thirlwall's law, external debt sustainability, and the balance-of-payments-constrained level and growth rates of output

Excellent Mhlongo and Kevin S. Nell: Growth transitions and the balance-of-payments constraint

Gabriel Porcile and Guiliano Toshiro Yajima: New Structuralism and the balance-of-payments constraint

Jesus Felipe, Matteo Lanzafame and Gemma Estrada: Is Indonesia's growth rate balance-of-payments-constrained? A time-varying estimation approach

A.P. Thirlwall: Thoughts on the balance-of-payments-constrained growth after 40 years

Review of Radical Political Economics 51 (4)

David M. Kotz:The Rate of Profit, Aggregate Demand, and the Long Economic Expansion in the United States since 2009

Ann E. Davis:Salvation or Commodification? The Role of Money and Markets in Global Ecological Preservation

Alfredo R.M. Rosete and Hendrik Van den Berg: Macroeconomic Policy in an Environmentally-Constrained Economy: A Dialectical Materialist Application of the Harrod Growth Model

Hao Qi: Semi-Proletarianization in a Dual Economy: The Case of China

Tim Koechlin: Whitewashing Capitalism: Mainstream Economics’ Resounding Silence on Race and Racism

Laurence Alan Krause: Walter Bagehot’s Lombard Street: An Interpretation

Katherine A. Moos: Neoliberal Redistributive Policy: The US Net Social Wage in the Early Twenty-First Century

Eleonora Gentilucci: US Military Spending: A Perspective on the Restructuring Dynamics of the Defense Sector

Ilias Alami: Post-Crisis Capital Controls in Developing and Emerging Countries: Regaining Policy Space? A Historical Materialist Engagement

Burak Gürel: Semi-private Landownership and Capitalist Agriculture in Contemporary China

John Willoughby: Understanding the Emergence of Authoritarian Capitalist States: Looking Backward to See Forward

Books and Book Series

A Modern Guide to State Intervention Economic Policies for Growth and Sustainability

edited by Nikolaos Karagiannis and John E. King | 2019 Edward Elgar Publishing

A Modern Guide to State Intervention investigates the impact of the changing role of the state, offering an alternative political economy for the third decade of the twenty-first century. Building on important factors including history, the role of institutions, society and economic structures, this Modern Guide considers economic and administrative interventions towards changing the destabilized status quo of modern societies. Exploring a variety of theoretical approaches, chapters offer sustainable growth-inducing policies and proposals to address important challenges in this era of neoliberal globalization and financialization. With key contributions by distinguished academics in the field, the book evaluates past efforts and policies and critiques failed perspectives. A critical read for political economics scholars wishing to look beyond orthodox perspectives, this book highlights key areas of contention in modern economic policies. This will also be a vital book for policy-makers and economists looking ahead to a more sustainable economic atmosphere.

Please find a link to the book here.

Class History and Class Practices in the Periphery of Capitalism

edited by Paul Zarembka | 2019, Emerald Publishing

Only after World War II did scholars move to theorize the distinction between the core countries at the center of capitalism and peripheral countries, often with an added distinction to include the semi-peripheral. Immanuel Wallerstein's World Systems approach has been particularly important and led the term periphery into common scholarly parlance. Not surprisingly, much work remains to be done to untangle the extreme diversity and complexity of the political economies and resistances against the multidimensional cruelties perpetrated in the world’s many, very different peripheral contexts. Class History and Class Practices in the Periphery of Capitalism addresses this need head-on. A first chapter lays a theoretical groundwork by showing that Marx, in his later life, became aware that historical developments are much more complicated than he originally conceived them to be, and he was not as far away from calling for site-specific analyses. Contributions here carry out just such analyses: they describe specificities for Russia, Portugal, Argentina, and Mexico, offer broader perspectives on post-hegemonic Latin America and Asia, provide detailed analyses of resistances across Africa, and reflect on the deeper meaning of neozapatismo for promoting a shift in the entire terrain of discussion. Rich in theoretical depth and empirical rigor, and supplemented by an out-of-the-archive translation of Karl Katusky's theory of crises, this book is essential reading for students and scholars of political economy and international political economy, and it is of keen interest to anyone working to resist specific capitalist exploitations in their own place and time.

Please find a link to the book here.

Finance, Growth and Inequality Post-Keynesian Perspectives

edited by Louis-Philippe Rochon & Virginie Monvoisin | 2019, Edward Elgar Publishing

This book introduces readers to some key concepts in post-Keynesian and heterodox economics, in particular the importance of finance in relation to income distribution and growth. The book explores various aspects of financialization, such as its role in pension funds, and explores its consequences especially in developing economies. Readers will recognize other key concepts such as the role of banks, and the effectiveness of monetary policy and its transmission mechanism, and unconventional policies, such as quantitative easing. Considerable space is given to income inequality, a topic that has become increasingly important. Authors explore the growing importance of household debt, and policies that could address inequality. Finally, the book discusses the rising importance of dualism, a much under-researched topic in heterodox economics.

Please find a link to the book here.

John Maynard Keynes: The Art of Choosing the Right Model

by Mark Hayes | 2019, Polity

John Maynard Keynes is the 20th century’s greatest economist. He sparked an intellectual revolution that transformed economic theory and policymaking. This book, written in plain English with minimal mathematics, is a concise and probing account of his major ideas. Keynes, argues Mark Hayes, showed that economics is a science of thinking in terms of models, in which progress depends on recognising when established models have become obsolete and new ones are required. Hayes outlines how Keynes did this, tracing his progression from the ‘Classical’ model that he inherited through to his masterpiece, The General Theory of Employment, Interest and Money, and beyond. The intellectual narrative is placed in its historical context, from the Versailles Peace Conference in 1919 to Bretton Woods. The final chapters consider the impact of Keynes’s legacy, including his relevance to reform of the Euro. This accomplished study is not only a comprehensive introduction for students and general readers, but also a crystal-clear demonstration of how Keynes’ thought is vital to understanding why contemporary economics needs to discard its old models and embrace profound change.

For a 20% discount please insert the code: JMK20. Code expires 29 February 2020.

Please find a link to the book here.


by William Mitchell, L. Randall Wray, Martin Watts | 2019, Red Globe Press

This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches to theory and policy. The first such textbook to develop a heterodox model from the ground up, it is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky, amongst others. The internationally-respected author team offer appropriate fiscal and monetary policy recommendations, explaining how the poor economic performance of most of the wealthy capitalist countries over recent decades could have been avoided, and delivering a well-reasoned practical and philosophical argument for the heterodox MMT approach being advocated.

The book is suitable for both introductory and intermediate courses, offering a thorough overview of the basics, while covering everything needed for more advanced courses. Issues are explained conceptually, with the more technical, mathematical material in chapter appendices, offering greater flexibility of lecturer use.

Please find a link to the book here.

Nationalism on the Internet: Critical Theory and Ideology in the Age of Social Media and Fake News

by Christian Fuchs | 2019, Routledge

In this timely book, critical theorist Christian Fuchs asks: What is nationalism and what is the role of social media in the communication of nationalist ideology? Advancing an applied Marxist theory of nationalism, Fuchs explores nationalist discourse in the world of contemporary digital capitalism that is shaped by social media, big data, fake news, targeted advertising, bots, algorithmic politics, and a high-speed online attention economy. Through two case studies of the German and Austrian 2017 federal elections, the book goes on to develop a critical theory of nationalism that is grounded in the works of Karl Marx, Rosa Luxemburg, and Eric J. Hobsbawm. Advanced students and scholars of Marxism, nationalism, media, and politics won’t want to miss Fuchs’ latest in-depth study of social media and politics that uncovers the causes, structures, and consequences of nationalism in the age of social media and fake news.

Please find a link to the book here.

None so Fit to Break the Chains: Marx's Ethics of Self-Emancipation

by Dan Swain | 2019, Historical Materialism Book Series, Brill

In None so Fit to Break the Chains Dan Swain offers an interpretation of Marx's ethics that foregrounds his commitment to working-class self-emancipation and argues for the continued relevance of this principle for contemporary politics. Self-emancipation is frequently overlooked in discussions of Marx's ethics, but it deeply influenced his criticism of capitalism, his approach towards an alternative, and his conception of his own role as activist and theorist. Foregrounding self-emancipation offers new perspectives on existing debates in the interpretation of Marx, such as the meanings of concepts like alienation, exploitation and utopianism, and can also offer broader insights into the relationship between critical theory and practice that have an enduring relevance today.

Please find a link to the book here.

Progressive Post-Keynesian Economics Dealing with Reality

by Jesper Jespersen & Finn Olesen | 2019, Edward Elgar Publishing

This book is devoted to the progression of Post-Keynesian economics, taking stock of the previous 10 years of persistent imbalances in many dimensions of macroeconomic ‘reality'. This has given inspiration to Post-Keynesian scholars to make innovative contributions in areas like methodology, macroeconomic modelling and teaching. One challenge discussed in several chapters is how to model a complex macro-system where microeconomic uncertainty is increasing? This aspect is elaborated in a number of contributions which focus on the role of the financial sector and financialization for macroeconomic disruptions. Additional chapters deal with teaching and the use of case-studies for a better understanding of the real world economy.

Please find a link to the book here.

Revolutionizing World Trade: How Disruptive Technologies Open Opportunities for All

by Kati Suominen | Stanford University Press

Revolutionizing World Trade argues that technologies such as ecommerce, 3D printing, 5G, the Cloud, blockchain, and artificial intelligence are revolutionizing the economics of trade and global production, empowering businesses of all sizes to make, move, and market products and services worldwide and with greater ease than ever before. The twin forces of digitization and trade are changing the patterns, players, politics, and possibilities of world trade, and can reinvigorate global productivity growth. However, new policy challenges and old regulatory frameworks are stifling the promise of this most dynamic, prosperous, and inclusive wave of globalization yet. This book uses new empirical evidence and policy experiences to examine the clash between emerging possibilities in world trade and outdated policies and institutions, offering several policy recommendations for navigating these obstacles.

Please find a link to the book here.

Towards a Political Economy of Degrowth

edited by Ekaterina Chertkovskaya, Alexander Paulsson and Stefania Barca | 2019, Rowman and Littlefield

Since the 1970s, the degrowth idea has been proposed by scholars, public intellectuals and activists as a powerful call to reject the obsession of neoliberal capitalism with economic growth, an obsession which continues apace despite the global ecological crisis and rising inequalities. In the past decade, degrowth has gained momentum and become an umbrella term for various social movements which strive for ecologically sustainable and socially just alternatives that would transform the world we live in. How to move forward in an informed way, without reproducing the existing hierarchies and injustices? How not to end up in a situation when ecological sustainability is the prerogative of the privileged, direct democracy is ignorant of environmental issues, and localisation of production is xenophobic? These are some of the questions that have inspired this edited collection. Bringing degrowth into dialogue with critical social theories, covering previously unexplored geographical contexts and discussing some of the most contested concepts in degrowth, the book hints at informed paths towards socio-ecological transformation.

Please find a link to the book here.

Understanding Marxism

by Richard D. Wolff | 2019, Democracy at Work

Understanding Marxism is a small book, written by Richard D. Wolff in collaboration with the staff of Democracy at Work, a 501c(3) non-profit founded by
Wolff. There are rising demands for accessible introductions to Marxism and to the social changes it suggests. This essay responds to that interest. It seeks to provide
bases for real solutions now that the flaws and failures of contemporary capitalism are exposed again, and again. Marxism always was the critical shadow of capitalism.
Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts devline. Hopefully this
book can help our era’s renewal of Marxism.

Please find a link to the book here.

Veblen’s America: The Conspicuous Case of Donald J. Trump

by Sidney Plotkin | 2018, Anthem Press

The astonishing political rise of Donald Trump sent seasoned observers scurrying for clues and explanations. How did Trump happen? Of course no one guide will suffice, but a surprisingly helpful one, suggests Sidney Plotkin, is the early twentieth-century American radical, Thorstein Veblen. In remarkably vivid ways, Veblen understood the enduring American allure of figures such as Trump. [NP] As Plotkin shows in “Veblen’s America,” Trump’s booming persona springs noisily out the country-town hucksterism that Veblen sardonically depicted, its fabulist habits fitting Trump’s “truthful hyperbole” to a tee. But Veblen saw darker, more ominous forces in American life too––habits of barbaric violence, misogyny and xenophobia––forces that foreshadowed Trump’s appeal to what Veblen called a deep “sclerosis of the American soul.” New Deal liberalism helped mute the strains, but economic crisis and the neoliberal response aggravated them. Donald Trump’s appeal to hate made their revival unmistakable.

To shape the study, Plotkin introduces readers to Veblen’s critical institutional theory and its application to both the American case generally and to the Trump family story in particular. With Veblen as foundation, he examines three generations of Trumps as they engage the forces of American development: Friedrich Trump, the hard-scrabble immigrant grandfather, on the make in the gold mining towns of the Pacific Northwest; Fred Trump, the father, who showed the way in using the loose rules of American housing policy to become a captain of local industry; and Donald J. Trump himself, who, having first burst onto the New York City scene as a burgeoning celebrity entrepreneur of the neoliberal era, then turned against neoliberal globalism, proclaiming himself the one and only savior of working-class America. As Plotkin shows, Trump’s poisonous ascendancy exposed a barbaric malevolence that has long torn at the fabric of American democracy and its aspirations for equality.

Please find a link to the book here.

For Your Information

World Economics Association Commentaries is looking for a co-editor

WEA Commentaries | Co-editor required

Are you an early- or mid-career economist? Do you have, or wish to develop, links with pluralist economists from around the world? Are you self-motivated, capable of showing initiative, and interested in a wide range of perspectives?

Please email Stuart Birks for further information and if you are interested.