Heterodox Economics Newsletter

Issue 270 October 19, 2020 web pdf Heterodox Economics Directory

Many people know that Austria has produced some idiosyncratic economists in the course of its history including, among others, people like Carl Menger, Joseph Schumpeter or Friedrich August von Hayek. Some of these authors are even grouped in to a theoretical school – the Austrian school of economics – that is both, heterodox as well as in favor of 'free markets' & large-scale deregulation. When having small talk at conferences I am always careful to say "I am from Austria", because the wording "I am an Austrian" can give a wrong impression in such contexts: "I am only an Austrian by origin, but not by belief", so to say ;-)

However, there is also another side to Austrian economics, that differs strongly from the conventional image coined by the Austrian school. In fact, economics in Austria has always been rather diverse. It is a little bit of an idiosyncracy – probably owing to the efforts of FA Hayek – that it's Hayekian branch has become so visible that it overshadows this diversity, which is, by the way, still visible today (see here for the details). Historically, this diversity has manifested in different instances. One prime example is Austro-Marxism (see here, here or here), which strived to align the overcoming of capitalism with democratic institutions and managed to implement game-changing policies in the famous "Red Vienna" of the 1920s. Another example is given by the more institutionalist approaches that informed social-democratic governance in the 1970s. The most visible exponent of this phase is probably Egon Matzner, who was internationally renowned for his work on transformational challenges (see here or here).

Finally, economics in Austria has very early witnessed the emergence of a pluralist stream of thought that is closely associated with Kurt W. Rothschild. Rothschild was an extremely interesting thinker, who inspired a whole generation of economists in Austria (I admit, he is also my personal archetype for being a good economist), and I will write a little more about him in one of my upcoming editorials.

It was a pity that this 'other side' of Austrian economics has never been concisely summarized for outsiders to access. As Austrians themselves were seemingly not up to this task, an Australian had to take over and we have to thank John E. King for closing this gap. In his nice and accessible book on "The Alternative Austrian Economics" he will expose you in depth to the diversity of Austrian economic thought and the role of heterodox ideas that were taken up or developed in the course of its history.

All the best,


PS: There is also an older paper from John E. King on Rothschild. You can check it out here.

© public domain

Table of contents

Call for Papers

Call for Book-Chapter Contributions: Edited Book on "Business, Industry and Trade in the Tropics"

We cordially invite chapter proposals for an edited book entitled “Business, Industry and Trade in the Tropics”. It is based on an accepted book proposal by Dr. Jacob Wood, Dr. K. Thirumaran and Dr. Taha Chaiechi (James Cook University) as part of the Book Series “Advances in Research on the Tropics” by Routledge Publishing.

The Tropics is an area of enormous opportunity and potential. The countries situated between the Tropics of Cancer and Capricorn are largely developing in nature. Their economies, political institutions, and socio-economic conditions are in a state of transition, with many countries experiencing growing pains, increased inequality and poverty, healthcare and education systems under stress, governance concerns and environmental degradation as a consequence. Moreover, the issue of climate change and migration are important factors facing the region. With 1 in every 2 people are expected to live in the Tropics by 2050, the region will play a greater global role. As such, businesses will undoubtedly scrutinize potential opportunities in greater depth when operating and expanding into the region. Furthermore, almost half of the Group of Twenty (G20) members are located completely or partially in the Tropics, and this dynamic grouping of countries is known to represent 85% of the global economy.

The G20 is committed to promoting sustainable and balanced growth of the tropical economies through significant increases in investment, structural reforms, and resilience, implying the significance of the global economic contribution of the tropics. These global initiatives encompass action on key social, environmental, and economic challenges, supporting the integration of low- and middle-income economies, particularly those located in the Tropics, into a sustainable global economy. By utilizing various multivariate frameworks and statistically rigorous empirical approaches, our book aims to enhance the understanding that scholars, policymakers and practitioners have on the realities of doing business in the tropics. “Business, Industry and Trade in the Tropics” provides solutions to important socio-cultural, economic, environmental, political concerns that influence the business dynamics of organizations operating within the tropics. As the chapters will be empirically driven, there will be contributions to knowledge and the opportunity for researchers to stretch and test our understandings of doing business in the tropics.

There is huge interest in the types of business investments made in Southeast Asia, Central Africa and the Amazonian Tropical Belts. These tropical regions continue to face opportunities and challenges in attracting foreign direct investments as well as the need to complement and/or compete with larger economies external to the tropics. We are interested in scholars’ works that address but not limited to attracting businesses to the tropics, facilitating smooth, stable conditions for business operations and sustainability, national institutions and regulations that shape the way business is done and the increasing deployment of new technologies and entrepreneurial innovations which are defining the global tropics as a distinct business region.

We, therefore, call for chapter proposals that address any of the following but not limited to, as a key focus for developing deeper understanding of the factors and frameworks that influence and shape business activity in the Tropics:

Expressions of Interest

Please submit an abstract, between 250 – 500 words, outlining your proposed chapter, which clearly articulates the chapter’s original contribution to the literature and discipline. Within the abstract clearly state the objectives or purpose, outline of the main literature and methodological approach adopted in the study, and potential keywords. This abstract submission is due on 4 January 2021. The Chapter contributions should be no longer than 6000 words including references. More details will be provided to accepted abstract authors. Please email contributions (or questions/requests for further information) to Dr Jacob Wood.

Call for Submissions: Oikonomos – A Student Research Journal in the History of Economic Thought

Oikonomos is an electronic, peer-reviewed, open access journal open to all student (undergrad or within 1 yr of graduating) papers & book reviews in HET and related fields.

Call for Papers: Oikonomos is now open for submissions! All papers written by current undergraduates or those within one year of graduation on any topic in the history of economic thought and related fields are welcome. We also intend to publish book reviews on academic works in HET and related fields. All papers will be peer-reviewed. Please see Submissions and For Authors for more information. To be considered for our first issue, please submit your paper by 31 December 2020. Papers received after that date will be considered for future issues.

Submission Deadline: 31 December 2020

Eastern Economics Association Annual Conference: Panels by the Union for Radical Political Economics (New York, Feb. 2021)

25 – 28 February 2021, Sheraton Hotel New York, NY

URPE members are invited to submit entire organized sessions or individual papers to URPE for our participation in this year’s 47 Eastern Economics Association Annual Conference. Please see the Eastern Economic Association conference website https://www.ramapo.edu/eea/ for more information about the conference itself. In its fifteenth year, URPE @ EEA continues to provide a forum for URPE members and economists across the heterodox spectrum to meet and engage each other and continue to develop the frontiers of radical economic theory. Organized sessions (including discussants if desired, but not required) are welcome and encouraged. We target building sessions of 3 papers given the short sessions (1 hour 20 minutes), but can accept proposals with up to 4 papers. As one would guess, the procedure will be slightly different this year, due to COVID-19. The Easterns have adopted the hybrid conference format, part live and part virtual. Submissions of your proposals to URPE to present a paper or a panel (and as always we prefer proposals for panels when possible, it facilitates an excellent focus among the papers) will be just as in previous years, EXCEPT there will be one additional question to indicate if you intend for the presentation to be live at the hotel or virtual.

Click here to submit an individual paper proposal or Click here to submit a complete session proposal.

Submission Deadline: 15 November 2020

International Conference on Business, Economics, Management, and Sustainability (BEMAS) on "Community Empowerment, Sustainable Cities, and Transformative Economies" (Online, July 2021)

2-3 July 2021, online

Following the successful international Urban Thinkers Campus (UTC) event in 2019 organised by the Centre for International Trade and Business in Asia (CITBA) at James Cook University-Australia. CITBA is pleased to announce the International Conference on Business, Economics, Management, and Sustainability (BEMAS) on 02-03 July 2021. CITBA aims to create a platform for academics, researchers, practitioners and students to share their research findings with other global experts.

The orthodox methods of addressing external risks, climate change adaptation plans, and sustainable economic growth in cities are no longer adequate. These methods, so far, have not only ignored the ongoing structural changes associated with economic development but also failed to account for evolving industries' composition and the emergence of new comparative advantages and skills. Particularly, vulnerable communities and exposed areas, particularly in urban areas, that tend to experience higher susceptibility to external risks (such as climate change, natural disasters, and public health emergencies) have been largely ignored in incremental adaptation plans. Vulnerable communities and areas not only require different adaptive responses to climate risk but also possess unlocked adaptive capacity that can motivate different patterns of sustainable development to achieve the goals of the 2030 Agenda. It is essential, therefore, to view transformative growth and fundamental reorientation of economic resources as integral parts of the solution.

Social disorganisation and vulnerability are other undesired outcomes of the unpredictable and widespread external economic shocks. This is due to a sudden and tough competition between members of society to acquire precious resources, most of which may be depleted during unprecedented events such as natural disasters or pandemics resulting in an even more chaotic and disorganised condition.

The theme of the conference is Community Empowerment, Sustainable Cities, and Transformative Economies.

Conference Tracks:

  1. Urban Planning, Public Spaces and Sustainable Economic Growth
  2. Understanding the Principles of Resilient Economies
  3. Society and Community-Based Initiatives in the Time of Crisis
  4. Business, Management and Sustainable Path to 2030 Agenda
  5. Sustainable Marketing, Community, and the Planet.

For further information and Application please visit the website.

Key Dates

WEAI Conference: Sessions sponsored by the Association for Social Economics (ASE) (Online, March 2021)

17-19 March 2021, online

The ASE invites paper and session proposals for the virtual Western Economic Association International Conference March 17-19, 2021. We welcome proposals for papers as well as complete sessions on all aspects of social economics.

Submission guidelines:
Paper proposals should include: 1) author name, affiliation, and contact information, and 2) title and abstract of proposed papers (250 word limit). Session proposals should include: 1) session title and abstract (250 word limit), 2) name, affiliation, and contact information of session organizers, 3) titles and abstracts of proposed papers (250 word limit each). Questions, as well as paper and sessions submissions should be sent to Jacki Strenio (strenioj@sou.edu). Individuals whose papers are accepted for presentation are responsible for registering for the conference.

Submission Deadline: 9 November 2020

Call for Participants

24th Forum for Macroeconomics and Macroeconomic Policies (FMM) Conference (Online, Oct. 2020)

28-30 October 2020, online

The Forum for Macroeconomics and Macroeconomic Policies (FMM) organizes an annual conference that seeks to promote an exchange between competing theoretical paradigms and covers present debates on macroeconomic theories and issues. This year’s conference will be replaced by an online event The Corona Crisis: Macroeconomic Implications and Policies for Sustainable Recovery on the dates of 28 till 30 October 2020 with online presentations and discussions by experts in the field. A total of nine moderated panel discussions will be held, covering topics ranging from the role of China in the global economy, across issues of economic growth and sustainability, to the debate about Modern Monetary Theory. Among others Frances Coppola, Steven Fazzari, Bettina Kohlrausch, José Antonio Ocampo, Dani Rodrik, Margit Schratzenstaller-Altzinger and Joseph Stiglitz will be speakers at the online conference. There will be no call for papers, but you can listen to the speakers and engage in debate in the online panels. For the full program, more information and for free registration please refer to the conference web page.

AFEE Program @ ASSA (Online, Jan. 2021)

3-5 January 2021, online

Please find attached the AFEE program at ASSA. Keep in mind that all times are Eastern Standard Time. Hopefully, there will be no further changes.

Please keep in mind the following:

European Network for the fair sharing of working time: Online Conference “Working time reduction and climate crisis” (Online, Oct. 2020)

22-23 October, online

What role for working time reduction when addressing climate change?

The shorter working week has always been at the heart of the labour movement. The eight-hour movement extended beyond borders and ensured that today we enjoy things like the weekend and the eight-hour day. After decades in the political wilderness, the shorter working week is fast becoming one of the major political issues across Europe: now it is not only about workers’ wellbeing, equality and the reduction of unemployment – now it could be about saving the planet, too!

Research has demonstrated that shorter work hours are associated with reduced carbon emissions, however the relationship is complex. At our 2020 conference, we want to discuss the potential contribution of working time reduction to the socio-ecological transition, its role in initiatives addressing climate change and its place in approaches to the European Green New Deal. The public conference brings together key actors from campaigns on the reduction of working time, policy-makers, and climate initiatives from across Europe.

Practicals details

You will find the complete program of the conference and all the practical details about the conference on the Rosa Luxemburg Stiftung website.

Conference Papers, Reports, and Podcasts

ASE Announcement: Recorded webinars of the Poznan Conference on Kalecki and Kaleckian Economics

We have good news for those of you who missed the Poznan Conference on Kalecki and Kaleckian Economics. The recorded webinars can now be watched online at the following link: https://www.youtube.com/user/lprochon2003/videos

Job Postings

KTH Royal Institute of Technology, Sweden

Job title: 2-year Postdoc Behavioral Policy & Philosophy

The project investigates mechanisms of behavioral policies directed at sustainable energy consumption, both through theoretical modelling and experimental research. In the theoretical part, we develop mechanistic models of how various proposed interventions might affect sustainable behavior. In the experimental part, we run qualitative studies on mechanisms and a long-term, large-scale field RCT.

The postdoctoral researcher is expected to contribute to the different stages of the project: the theoretical modelling of the interventions, the design and implementation of the experiments, the organization of research activities and the dissemination of project results through conference participation and peerreviewed (including joint) publications. The post-doctoral researcher is expected to work in close cooperation with team members at KTH, Max Planck Institute of Human Development in Berlin and University of Helsinki. The researcher is also expected to actively participate in the research activities of the division.

What we offer


Trade union representatives

You will find contact information to trade union representatives at KTH's webbpage.


Log into KTH's recruitment system in order to apply to this position. You are the main responsible to ensure that your application is complete according to the ad.

The application must contain the following documents in English (except for official documents that can also be in Swedish):

Your complete application must be received at KTH no later than the last day of application, midnight CET/CEST (Central European Time/Central European Summer Time).

About the employment

The position offered is for, at the most, two years. A position as a postdoctoral fellow is a time-limited qualified appointment focusing mainly on research, intended as a first career step after a dissertation.

For further information and application please visit the website.

Application Deadline: 2 November 2020

NEOMA Business School, France

Job title: Post-doctoral position on Circular Bioeconomy

NEOMA Business School is a leading international school, dynamic and eager to constantly transcend the frontiers of knowledge and innovation. We are currently recruiting a post-doctoral researcher who will join our REIMS campus on a full-time 12-month fixed-term contract (starting january 2021) as part of the “how circular is the bioeconomy?" project.

The bio-economy has emerged as one of the major vectors for initiating ecological transition, alongside the circular economy or energy transition. While debates have initially focused on the definition and content of the bioeconomy, they are now turning to the tools to make it sustainable (Vivien et al., 2019). In public policies, particularly at the European level, the topic of the circular bioeconomy has become increasingly important since 2016. Thus, the intersection between the circular economy and the bioeconomy is anticipated as a key to ensuring the sustainability of the bioeconomy, particularly through approaches in terms of "cascading" or the development of processes that reuse organic waste (food or non-food) (Carus and Dammer, 2018). Despite this growing interest in the interaction between the bioeconomy and the circular economy, this perspective remains essentially normative (Giampietro, 2019). The aim of the project is to go beyond the normativity of the 'circular bioeconomy' to understand its shapes.

Main activities and responsibilities

In order to characterise the circular bioeconomy, the interactions between the bioeconomy and the circular economy will be studied both in the representations of the actors, the business models developed and the reconfigurations of the value chains induced by the development of circularity loops in the bioeconomy. You will work within the Chair of Bioeconomy in collaboration with its members. You will be in charge of data collection and processing, under the supervision of Nicolas BEFORT, as well as the valorisation of the results in scientific publications. The NEOMA BS Chair of Bioeconomy exists since 2012. It is developing a multidisciplinary research programme aimed at shedding light on the challenges and prospects of the transition to the bioeconomy. Its analyses are at the crossroads between institutionalist political economy, ecological economy, management and transition studies. The Chair aims to be useful both to its territory and to society by linking high-level research and the dissemination of its knowledge to bioeconomy players and citizens


For further information please visit the website. To apply, please send a cover letter, a CV (background + publications) to Nicolas Befort.

Sydney University, Australia

Job title: Associate Lecturer/Lecturer (Education-Focused) in Political Economy

About the opportunity

This position is an education focused role within the School of Social & Political Sciences Faculty of Arts and Social Sciences at the University of Sydney. Education-focused is a specialised category of academic engagement reserved for talented educators with a passion for, and demonstrated excellence in, pedagogical practice and design. An Associate Lecturer (Education-focused) contributes to the teaching and learning efforts within a School/ Faculty while working with the support and guidance of more senior academic staff to develop their education proficiency. A Lecturer (Education-focused) is expected to make a significant contribution to teaching and learning practice, design and evaluation within the School/ Faculty and will be on a trajectory towards leadership in educational design and delivery. Both levels are expected to dedicate the majority of their contribution to teaching (up to 70% - or 80% by mutual agreement - of their academic workload allocation).

The Department of Political Economy focuses on the links between the economy, society and political interests. It deals with important challenges such as economic instability and uneven development, employment and inequitable income distribution, the globalisation of economic activity, and environmental sustainability.

About you

The University values courage and creativity; openness and engagement; inclusion and diversity; and respect and integrity. As such, we see the importance of recruiting talent aligned to these values and are looking for an Associate Lecturer (Education-focused) in Political Economy (Level A) who possesses:

In addition, if applying for the Lecturer (Education-Focused) in Political Economy (Level B) position, we are seeking a candidate who possesses:

How to apply

Specific enquiries about the role please contact Professor Martijn Konings at martijn.konings@sydney.edu.au. Enquiries regarding the recruitment process please contact Recruitment Consultant Rae Hao on 8627 0063 or rae.hao@sydney.edu.au Please refer to the position description for further details: Job Reference No. 1185/1020F

For further information plese visit the website.

Application Deadline: 1 November 2020

Tallinn University of Technology, Estonia

Job title: PhD position on informal/alternative economic systems

Tallinn University of Technology (TalTech) is part of a consortium that was awarded a €3.9m grant from the European Union to fund a European Training Network entitled MARKETS - a world-leading politics, business and policy oriented Early Career Training programme which will equip 15 fellows, across a range of 9 international partners (University of Bremen, University of Helsinki, Catholic University Leuven, University College London, Maastricht University, Stockholm School of Economics in Riga, Tallinn University of Technology and the Center for Social Sciences in Tbilisi). with theoretical knowledge, analytical skills and complementary training to understand and deal with emerging markets in the Eastern Europe, The Caucasus and Central Asia regions.

Two positions will be based in Tallinn, Estonia, at the Faculty of Business and Economics of Tallinn University of Technology. Successful fellows will receive a salary for three years, at the EU early Stage Researcher rate, including social benefits (pension scheme, medical insurance). The fellow will be expected to enroll also into a PhD programme in the School of Business and Governance at TalTech. Subject to satisfactory progress a national level scholarship may be available in year 4. Fellows will also benefit from international summer schools, international mentors in universities and non-university partners and funding for tuition fees, field research, conference travel, language classes. The 15 Fellows and the supervisors meet up for joint workshops approximately every six months – ensuring that fellows graduate not only with a PhD but with a well established international network.

Fellows will conduct their research on one of the topics listed below.

The overall goal of the project is to compare countries that had fully opened to foreign investors by the early 2000s – Estonia, Latvia (now EU members), Georgia (considered by many as an example of best practice in reforms), and Kyrgyzstan (where markets are stable but no major economic leap is expected in the next immediate future) – with what have been identified as significant prospective post-USSR markets for the next ten years - Belarus, Kazakhstan, Uzbekistan (all of which have shown a more concrete desire for economic dialogue in the past three years), Russia (its eastern region and, in particular, Siberia, which has remained largely unexplored by EU companies), and Azerbaijan, a country that has finally started interacting in more concrete terms with the EU.

Project topic 1: Entrepreneurial behaviour, informality and the construction of social norms: a cross-regional perspective

Project focus: Use behavioural game theory to explore the interplay between social norms and informal economies; provide a model of why actors engage with informality beyond simple financial motives, contribute to policy debates.

Project topic 2: Ethics, principles, state vs. individual morality, and the construction of new or diverging moralities in EU eastern neighbours

Project focus: Identify the role of national and international external actors in shaping the notion of state morality; inquire into the nature of gaps between official (state) morality and accepted moral values or ‘the norm’ among citizens.

Financial conditions (including salary levels) and background documents are available at https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/opportunities/topic-details/msca-itn-2020NB: select guide for applicants. The financial conditions in the call will the one that apply to you.Your salary will be calculated according to MSCA rules and your personal + family situation. More information can be found at the financial section of the MSCA ITN guide for applicants that you can find in section 5 (Financial Aspects) of the document. These are worth checking before you decide to apply since, if selected, you will be expected to familiarise yourself with these rules also to be aware of your formal rights and obligations towards the donor.Practical details

Eligibility: applicants must hold a degree enabling them to enroll into doctoral studies by December 2020 (usually a MA or MSc). They cannot have more than 4 years full time research experience (or hold a doctorate already, even if they worked less than 4 years to complete it) at the time of recruitment. Mobility requirement: applicants can be of any nationality but cannot have been resident (or have had their main activity i.e. work or study) in the Republic of Estonia for more than 12 of the 36 months prior to recruitment. This means that if you spent less than 12 months in Estonia (including if you have never been there) you are eligible.

NB: this is a very intensive programme. Each selected candidate will be enrolled into a PhD programme, and will be seconded to the target region for data collection and will subsequently be seconded to a non-academic partner to gain a hands-on work experience on how research skills can be used beyond academia for the benefit of the governmental, private or international development sector. There will also be workshops of 4 to 5 days duration approximately every 6 months at which attendance is essential. Therefore a willingness and ability to undertake these international mobilities is a core requirement.

Any informal enquiries about research topics or the process (if you have questions about issues that are not already addressed in this call or in the guide for applicants) should be addressed to Lawschooleu@gmail.com

Applications should be sent to Lawschooleu@gmail.com (cc shugyla.kilybayeva@gmail.com) and must include:

Please send all the documents together in one PDF file named after your name and surname and use, as subject of your message, “MARKETS-ETN-2020 Application”. Failure to do this might result in your application ending up in the wrong folder and, in a worst case scenario, ignored.

Universite de Lausanne, Switzerland

Job title: Postdoctoral position in History of Economic Thought or Economic Philosophy


UNIL is a leading international teaching and research institution, with over 5,000 employees and 15,500 students split between its Dorigny campus, CHUV and Epalinges. As an employer, UNIL encourages excellence, individual recognition and responsibility.


The Institute of Political Studies (IEP) of the faculty of Social and Political Sciences is seeking a post of Postdoctoral position in History of Economic Thought or Economic Philosophy to complement the team at the Walras Pareto Center for the History and Philosophy of Economics and Political Science (CWP).

Job information

Desired profile

Job descrition

Your benefits

A pleasant working environment in a dynamic and welcoming research center in a multicultural and diversified academic environnment. An exceptional campus and opportunities for continuing education as well as a multitude of activities and other benefits to discover.

For further information, please contact

Professor Roberto Baranzini and Professor Harro Maas

Your application form
The interviews will take place in November 2020. The application file is digital and must contain the following elements:

For application please visit the website.

Application Deadline: 31 October 2020

University of Trento, Italy

Job title: Academic resaercher on on the impact of current technological progress (1 year)

We are looking for candidates for 1 position (duration: 1 year or more; place: Uni of Trento, Italy) on the following project.

New technologies (e.g., blockchain and robotics) are expected to radically reshape product market competition (Aghion et al. 2017), jobs (Acemoglu and Restrepo 2019, 2020) and governance of the firms (Yermack 2017; Lumineau et al. forthcoming).

The research project aims at carrying out an empirical study on the impact of current technological progress on (centuries-old) economic institutions of capitalism à la Oliver Williamson, i.e., markets, firms, semantic and relational contracts. The appointee, among other things, will be able to exploit datasets such as International Federation of Robotics dataset.

Data science skills (e.g., text analytics with R or Python) are desirable. Particular attention will be devoted to study data on Italy.

If you are interested, please write to Massimilano Vatiero, mvatiero@gmail.com

University of the West of England, UK

Job title: Lecturer / Senior Lecturer in Economics

UWE Bristol has a number of opportunities for Lecturers or Senior Lecturers in Economics to join the Business School. UWE Economics is a pluralist group of economists representing a variety of schools of thought across post-Keynesian, institutional, ecological, political economy, feminist and gender economics, data sciences, regional studies and economic geography. Fostering critical thinking and pluralism are guiding principles of our undergraduate degrees. UWE Economics is research-active in both theoretical and policy research across diverse topics including critical macro-finance, industrialisation, migration, labour, history of economic thought, as well as data sciences and economics education. The group has close ties to sociology, politics, law, robotics, and data sciences within UWE and with other Southwest universities including Bristol, Cardiff, Bath, and Exeter.

We are seeking to grow the group size to reinforce our research-led pluralist curriculum and are seeking applicants who already are, or have the potential to be, inspirational researchers and educators. We are particularly interested in applications from scholars in feminist and gender economics, history of economic thought, critical micro- and macroeconomics, econometrics and quantitative methods, qualitative research methods, (original) institutionalism, ecological economics, and development economics. Successful applicants will have experience in delivering research-led teaching at undergraduate or postgraduate level, and a strong potential or proven academic research record.

To succeed in this role, it is expected that you will have:

UWE Bristol academic career progression is based on performance in three pathways: learning and teaching, research with impact, and knowledge exchange and engagement. There is a thriving collegiate research culture in the Department with weekly research seminars and support to seek both internal and external funding for research development. All new academic staff receive an academic mentor and support to complete the Postgraduate Certificate in Academic Professional Practice and are encouraged to apply for the HEA Fellowship/Senior Fellowship. UWE Bristol has a range of internal research funding targeting early career researchers and provides experienced and dedicated support for external funding applications.

About UWE Bristol:

We are one of the largest providers of Higher Education in the South West with over 30,000 students, 250,000 alumni and 3,800 staff. We have a lot to be proud of at UWE, our achievements include being placed 2nd of all universities in England and 7th in the UK for student satisfaction, we have achieved TEF Gold status and have been ranked 21 in The Guardian Best UK Universities 2021. We offer a wide range of employee benefits including a generous holiday allowance of 35 days, up to 12.5 bank holiday/closure days per year, defined benefit pension schemes and a relocation package to support qualifying candidates in moving to the area

Further information

These are permanent, full time posts. If you would like an informal discussion, please contact Lotta Takala-Greenish (Lotta.TakalaGreenish@uwe.ac.uk) or Kobil Ruziev (Kobil.Ruziev@uwe.ac.uk). UWE is committed to supporting and promoting equality and diversity to create an inclusive working environment. For further information and application please visit the website.

Application Deadline: 1 November 2020

York University, Canada

Job title: Assistant/Associate Professor in Black Politics

The Department of Politics, Faculty of Liberal Arts & Professional Studies, York University invites highly qualified candidates to apply for a professorial stream tenure-track appointment in Black Politics at the Assistant/Associate Professor level, to commence July 1, 2021. Salary will be commensurate with qualifications and experience. All York University positions are subject to budgetary approval. This opportunity is open to qualified individuals who self-identify as Black peoples of African Descent (for example Africans and African heritage people from the Caribbean, Americas, Europe). Recognizing the underrepresentation of Black faculty, this opportunity is to support the University's Affirmative Action program and has been developed based on the special program provisions of the Ontario Human Rights Code. The position is part of a cohort hire of fourteen new colleagues at York University, including hires across a number of faculties and a wide range of areas and fields. The successful candidate will be joining a vibrant scholarly community at York, where we aspire to achieve equity and diversity in all areas, including race equity.

The Department of Politics is internationally recognized as one of the world's leading sites of political scholarship informed by a diverse range of critical intellectual approaches and is seeking a dynamic intellectual leader to help advance that reputation and the scholarly excellence on which it is based. The successful candidate will be establishing, or already have established, an international reputation for the excellence of their contribution to the critical study of Black Politics, broadly defined and grounded in critical race theoretical or equity seeking approaches. Applicants should have an independent record of research that fits within at least one (or bridges two or more) of the Department's five fields: Canadian Politics, Comparative Politics, Gender/Women and Politics, International Politics, and Political Theory. Their research should complement the present scholarly profile of the Department and develop it in new and innovative ways. Theoretical or empirical contributions are welcomed, as are any geographical foci or transnational orientations, including global perspectives on Canada.

A PhD or near completion in Political Science or a related area is required, with a demonstrated record of excellence or promise of excellence in teaching, scholarly research and publication and service. Applicants should have a clearly articulated program of research in Black Politics. The successful candidate will be expected to engage in outstanding, innovative, and, as appropriate, externally funded research. Candidates must provide evidence of research excellence or promise of research excellence of a recognized international calibre as demonstrated in: a research statement; a record of publications (or forthcoming publications) as appropriate to their stage ofcareer; presentations at major conferences or public fora; awards and accolades; related community-engaged activities; and strong recommendations from referees of high standing.

Evidence of excellence or promise of excellence in teaching will be provided through a teaching philosophy and pedagogy statement, teaching accomplishments and pedagogical innovations, including in high priority areas such as experiential education and technology enhanced learning, teaching evaluations, and strong letters of reference. The position will involve graduate teaching and supervision, as well as undergraduate teaching and the successful candidate must be suitable for prompt appointment to the Faculty of Graduate Studies. York University champions new ways of thinking that drive teaching and research excellence. Through cross-disciplinary programming, innovative course design, diverse experiential learning and a supportive community environment, our students receive the education they need to create big ideas that make an impact on the world. Located in Toronto, York is the third largest university in Canada, with a strong community of 53,000 students, 7,000 faculty and administrative staff, and more than 300,000 alumni.

York University has a policy on Accommodation in Employment for Persons with Disabilities and is committed to working towards a barrier-free workplace and to expanding the accessibility of the workplace to persons with disabilities. Candidates who require accommodation during the selection process are invited to contact Professor Karen Murray, Chair of the Recruitment Committee, at polsjobs@yorku.ca. This selection will be limited to individuals who self-identify as Black. York University is an Affirmative Action (AA) employer and strongly values diversity, including gender and sexual diversity, within its community. York University encourages Black peoples to self-identify as a member of one or more of the four designated groups: women, members of visible minorities (racialized groups), Aboriginal (Indigenous) people and persons with disabilities. The Affirmative Action program can be found at http://acadjobs.info.yorku.ca/  or by calling the AA line at 416-736-5713.  Applicants wishing to self-identify as part of York University's Affirmative Action program can do so as part of the application process (https://apply.laps.yorku.ca/ ). The form can also be found at: http://acadjobs.info.yorku.ca/affirmative-action/self-identification-form/. 

All qualified candidates are encouraged to apply; however, Canadian citizens, permanent residents and Indigenous peoples in Canada will be given priority. No application will be considered without a completed mandatory Work Status Declaration form which is available through the application process and can also be found at http://acadjobs.info.yorku.ca/affirmative-action/work-authorization-form. Application, including cover letter, an up-to-date curriculum vitae; research statement; teaching philosophy and pedagogy statement; scholarly writing sample (maximum 50 pages); sample course outline or reading list (optional); three confidential letters of recommendation; Work Status Declaration Form; and, York University Affirmative Action Program Confidential Self-identification Form may be uploaded to https://apply.laps.yorku.ca/ beginning on October 15, 2020.

Questions may be directed to Professor Karen Murray, Chair, Department of Politics, Faculty of Liberal Arts and Professional Studies. Email: polschr@yorku.ca.

Application Deadline: 1 December 2020

ZOE Institute for future-fit economies, Germany (1/2)

Job title: EU policy consultant on politics for sustainable lifestyles

The project

The project will translate research on sustainable living into ambitious and transformative policy at the EU level. It will build on the new opportunities around the European Green Deal combined with an effective and novel approach to advocacy. To contribute to make 1.5°C lifestyles possible, the project will:

What we offer

We are a small team that attaches great importance to an appreciative atmosphere and good communication, further we offer:

You will have the opportunity to carry out a variety of tasks in cooperation with a team of four colleagues, including:

Who we are looking for

Value centred, sustainability, agility, self-responsibility and flat hierarchies are the core principles that guide our work. Therefore, we are looking for people who share these values and who want to make a difference. Your profile:

Furthermore, some of the following competencies fit well into our team (although they are not a requirement): experience in the acquisition of third-party funds; knowledge of formal and informal policy-making processes at EU level in particular consumer and economic policy; journalistic writing skills; knowledge of participative and co-creative processes, such as design thinking; contacts to European policy networks.


The weekly workload is 40 hours whereby working hours can be arranged flexibly. The position will be filled for a duration of 18 months, starting as soon as possible. We wish for a regular presence in Bonn, with a minimum of three days a week. The position is intended to contribute to the long-term development of the organisation. For this reason, we aim for a permanent employment contract after this project.


We believe that our society’s behaviour disproportionately hurts the most marginalized people – including people of colour, people from working class backgrounds, women and LGBTQ people. We are committed to challenge this through our work for socially just development and by creating a diverse workplace at our organisation. Hence, we strongly encourage applications from people who are members of marginalized communities.

Application procedure

We are constantly accepting applications. Please send your CV (max 2 pages), a motivation letter (400-500 words), a work sample (essay, publication, policy brief, press release, journalist article or something similar) to applications@zoe-institut.de. Please do not attach a photo to your application! Please state “Sustainable Lifestyles” in the subject line. If we consider your application to be suitable, we will get back to you as soon as possible after your application with dates for an online interview. In case of any questions please contact Jonathan Barth jonathan.barth@zoe-institut.de.

ZOE Institute for future-fit economies, Germany (2/2)

Job title: Policy consultant on EU economic policy and EU network lead


The position will closely support the development and expansion of our activities in EU policy advice which evolve around 3 pillars:

  1. Creating a robust network and tools to spread new economic thinking into EU policy by designing argumentation toolboxes, research, event organization and the establishment of a research and policy network.
  2. Intervening into EU policy and empower advocates for systemic change by identifying intervention points, establishing trustful relationships with policymakers, organising co-creative multi-stakeholder events and advising high-level policymakers.
  3. Coordinating EU policy stakeholders by organising regular meetings for knowledge exchange and strategic alignment and training for civil society organizations and members of the European Parliament.

What we offer

We are a small team that attaches great importance to an appreciative atmosphere and good communication, further we offer:

With us you can help shape the long-term direction of the organization. As part of a motivated and impact-driven team you will carry out a variety of tasks, including:

Who we are looking for

We are looking for people that share our core principles: Value orientation, sustainability, agility, self-responsibility and flat hierarchies. Your profile:

Furthermore, some of the following competencies fit well into our team (although they are not a requirement): contacts within European policy networks; expertise in one of our core topics like social and environmental indicators, the Stability and Growth Pact and the European Semester, socio-economic cohesion, trade policy or fiscal policy; experience in the acquisition of third-party funds; journalistic writing skills; knowledge of participative and co-creative processes, such as design thinking; design competencies.


The weekly workload is 40 hours whereby working hours can be arranged flexibly. The position will be filled for a duration of 18 months, starting as soon as possible. We wish for a regular presence in Bonn, with a minimum of three days a week. Pay will be based on the public sector collective agreement of the Länder. The gross wage will be around 54,000 € per year, depending on the competences. The position is intended to contribute to the long-term development of the organisation. For this reason, we aim for a permanent employment contract at the end of the contract period.


We believe that our society’s behaviour disproportionately hurts the most marginalized people – including people of colour, people from working class backgrounds, women and LGBTQ people. We are committed to challenge this through our work for socially just development and by creating a diverse workplace at our organisation. Hence, we strongly encourage applications from people who are members of marginalized communities.

Application procedure

We are constantly accepting applications. Please send your CV (max 2 pages), a motivation letter (400-500 words), a work sample (power points slides, publication or anything similar) to applications@zoe-institut.de. Please do not attach a photo to your application! Please state “Network Lead” in the subject line. If we consider your application to be suitable, we will get back to you as soon as possible after your application with dates for an online interview. In case of any questions please contact Jakob Hafele: Jakob.Hafele@zoe-institut.de


Review of Evolutionary Political Economy 1 (2)

Silvano Cincotti, Wolfram Elsner, Nathalie Lazaric, Anastasia Nesvetailova & Engelbert Stockhammer: The Review of Evolutionary Political Economy inaugural issue, part 2

Jan Toporowski: Financialisation and the periodisation of capitalism: appearances and processes

Ronen Peter Palan: An evolutionary approach to international political economy: the case of corporate tax avoidance

Philip Arestis: Productivity and inequality in the UK: a political economy perspective

Theo Papaioannou: Reflections on the entrepreneurial state, innovation and social justice

Frank Beckenbach: A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model

Lynne Chester: The 2019–2020 Australian bushfires: a potent mix of climate change, problematisation, indigenous disregard, a fractured federation, volunteerism, social media, and more

American Journal of Economics and Sociology 79 (4)

Charles M. A. Clark: Editor’s Introduction: Catholic Social Thought and Work

Kenneth R. Himes: Work in Roman Catholic Thought

Gerald J. Beyer: Karol Wojtyła’s Katolicka Etyka Społeczna as Precursor and Hermeneutic Key to Pope John Paul II’s Economic Teaching

Charles M. A. Clark: On the Priority of Labor Over Capital

Jim Wishloff: Work Is Love Made Visible: A Meditation on Grace

Andrew Beauchamp: Humane Capital: A Reexamination of Catholic Social Teachings in Light of the Shift to Human Capital

Eileen Norcross, Paul Dragos Aligica: Catholic Social Thought and New Institutional Economics: An Assessment of Their Affinities and Areas of Potential Convergence

Kate Ward: Universal Basic Income and Work in Catholic Social Thought

Charles M. A. Clark, Aleksandr V. Gevorkyan: Artificial Intelligence and Human Flourishing

Constitutional Political Economy 31 (4)

Andrea Bonoldi, Chiara Dalle Nogare, Martin Mosler, Niklas Potrafke: Do inheritance rules affect voter turnout? Evidence from an Alpine region

Dušan Pavlović, Dimitros Xefteris: Qualifying the common pool problem in government spending: the role of positional externalities

Timothy Yu-Cheong Yeung, Izaskun Zuazu: The impact of electoral rules on manufacturing industries: evidence of disaggregated data of 61 industries of 55 countries

Thai Q. Nguyen, Giang K. Nguyen: The impacts of civil society and inequality on the extractive capacity of authoritarian regimes: a conceptual model and the case study of Vietnam

Andrea Sáenz de Viteri Vázquez, Christian Bjørnskov: Constitutional power concentration and corruption: evidence from Latin America and the Caribbean

European Journal of Economics and Economic Policies: Intervention 17 (2)

Agnès Benassy-Quéré: Recovering from Maastricht

​Jörg Bibow: Stuck on the Wrong Track: 20 Years of Euro Disillusion, Denial, and Delusion

Gennaro Zezza: Fiscal policies in a monetary union: the Eurozone case

Peter Bofinger: The ECB’s policy under the presidency of Mario Draghi: A curse or a blessing for Europe?

Vitor Constancio: Fiscal and financial conditions for a stronger euro area

​Harald Hagemann: The Cambridge - Cambridge Controversy on the Theory of Capital: 50 Years After. Introduction

​Carl Christian von Weizsäcker: Böhm‐Bawerk and Hicks Modernized

Bertram Schefold: What remains of the Cambridge Critique of Capital Theory, if Reswitching and Reverse Capital Deepening are Empirically Rare and Theoretically Unlikely?

Heinz D. Kurz: The Theory of Value and Distribution and the Problem of Capital

Anwar Shaikh, José Alejandro Coronado and Luiza Nassif-Pires: On the empirical regularities of Sraffa prices

Global Labour Journal 11 (3)

Isil Erdinc: Local Dynamics as a Resource for Labour Protests: The Case of Wildcat Strikes in the Metal Industry in Turkey, 2012-2016

Katy Fox-Hodess, Camilo Santibáñez Rebolledo: The Social Foundations of Structural Power: Strategic Position, Worker Unity and External Alliances in the Making of the Chilean Dockworker Movement

Minsun Ji: Korean Suicide Protest as Anomic Response to Labour Disempowerment

Adam D.K. King: Capital Comes North: Exploring the Discursive Challenges to International Solidarity among Nickel Miners in Sudbury, Ontario

Richard W. Mallett: Seeing the "Changing Nature of Work" through a Precarity Lens

Christoph Scherrer: Novel Labour-related Clauses in a Trade Agreement: From NAFTA to USMCA

Rina Agarwala: Capital, the Right, and a New Age for Labour Scholarship

Maurizio Atzeni: Worker Organisation in Precarious Times: Abandoning Trade Union Fetishism, Rediscovering Class

Peter Evans: Reflections on Class Struggle in the Twenty-first Century

Rohini Hensman: The COVID-19 Lockdown in India: A Predictable Catastrophe for Informal Labour

History of Economics Review 76 (1)

Tony Aspromourgos: Guest Editor’s Introduction

Maria Cristina Marcuzzo: Richard F. Kahn: A Disciple of Keynes

Eiko Yamamoto: Forbonnais’s and Graslin’s Attempted Explanations of ‘the Diamond-Water Paradox’ before Adam Smith

John Pullen: Inappropriate Appropriation. Some Neo-Georgist Comments on the Eureka Stockade

International Journal of Political Economy 49 (3)

Lance Taylor: Germany and China Have Savings Gluts, the USA Is a Sump: So What?

James Culham: A Taxonomy of Liquidity

Danielle Santanna: The History of Consumer Credit in Brazil: From the Developmentalist Era to Lula

Keston K. Perry: Structuralism and Human Development: A Seamless Marriage? An Assessment of Poverty, Production and Environmental Challenges in CARICOM Countries

Francisco A. Castellanos-Sosa: Labor Productivity Convergence in Mexico

Journal of Agrarian Change 20 (4)

Matilde Adduci: The relentless de facto privatization process of Chilika Lake, India

Melina Neiman, Mariela Blanco: Beyond the Pampas: Global capital and uneven development in Argentine soybean expansion

Raúl G. Paz: Agricultural holdings with undefined boundaries, communal systems and counter‐hegemonies: The persistence of the peasantry in Argentina

Jessie K. Luna: Peasant essentialism in GMO debates: Bt cotton in Burkina Faso

José Giacomo Baccarin, Jonatan Alexandre de Oliveira, Gláucia Elisa Mardegan: The environmental, social and economic effects of recent technological changes in sugarcane on the State of São Paulo, Brazil

Robert P. Fenton III: Cacao capitalism in coastal Ecuador: Production processes and accumulation in non‐transitionary agrarian capitalism during the long 19th century

Lorena Lombardozzi: Patterns of accumulation and social differentiation through a slow‐paced agrarian market transition in post‐Soviet Uzbekistan

Scott Prudham, Kenneth Iain MacDonald: Qualifying tradition: Instituted practices in the making of the organic wine market in Languedoc‐Roussillon, France

Metroeconomica 71 (4)

Makoto Hirono: Transitional dynamics of the R&D growth model with public education

Besma Belhadj, Firas Kaabi: New membership function for poverty measure

Francesco Aiello, Graziella Bonanno, Stefania P. S. Rossi: How firms finance innovation. Further empirics from European SMEs

Subhasankar Chattopadhyay: Growth, income distribution and unemployment in a two‐sector economy

Ozan Ekin Kurt: Functional income distribution, capacity utilization, capital accumulation and productivity growth in Turkey: A post‐Kaleckian analysis

Biao Huang: Normal utilization rate in the Sraffa framework

Annamaria Nifo, Domenico Scalera, Gaetano Vecchione: Does skilled migration reduce investment in human capital? An investigation on educational choices in Italian regions (2001–2016)

Makoto Masui: The determinants of employers’ use of temporary contracts in the frictional labor market

Mejda Bouanani, Besma Belhadj: Does Zakat reduce poverty? Evidence from Tunisia using the Fuzzy Approach

Eric Kemp‐Benedict: Convergence of actual, warranted, and natural growth rates in a Kaleckian–Harrodian‐classical model

Alessio Emanuele Biondo, Roberto Cellini, Tiziana Cuccia: Choices on museum attendance: An agent‐based approach

Mark Setterfield, Joana David Avritzer: Hysteresis in the normal rate of capacity utilization: A behavioral explanation

PSL Quarterly Review 73 (294)

Ignazio Visco: Economic growth and productivity: Italy and the role of knowledge

Emiliano Brancaccio, Fabiana De Cristofaro: Inside the IMF “mea culpa”: A panel analysis on growth forecast errors and Keynesian multipliers in Europe on growth forecast errors and Keynesian multipliers in Europe

Anupam Das, Tanweer Akram: A Keynesian analysis of Canadian government securities yields

Bovick Wandja Yemba, Rafael S. M. Ribeiro, Victor Medeiros: Infrastructure and manufacturing in Sub-Saharan Africa: An empirical analysis using dynamic panel data models

Real-World Economics Review 93

Andri W. Stahel: Why are the rich getting richer while the poor stay poor?

Gregory A. Daneke: Machina-economicus or homo-complexicus: Artificial intelligence and the future of economics?

John Benedetto: Maybe there never was a unipower

Joaquim Vergés-Jaime: Empirical rejection of mainstream economics' core postulates on prices, firms' profits and markets structure

Hardy Hanappi: Humanism or racism: pilot project Europe at the crossroads

David Ellerman: Towards abolishing the institution of renting persons: A different path for the Left

Ted Trainer: Simpler way transition theory

Arne Heise: Minimum wages and the resilience of neoclassical labour market economics. Some preliminary evidence from Germany

Leon Podkaminer: Prelude to a critique of the Ricardian Equivalence Doctrine

Leon Podkaminer: Public debt “causing” inflation? Very unlikely

Rethinking Marxism 32 (4)

Hisham Aqeel: Visiting Hegel at Dusk: A Conversation with Slavoj Žižek

Malcolm K. Read: British Marxism and Juan Carlos Rodríguez: The Ideological Unconscious Revisited

Joseph M. Weiss: Understanding Fascism Today: Nationalism, Group Psychology, and the Return of the Old

Lachlan Ross: On Disentangling Alienation, Estrangement, and Reification in Marx

Jon Wittrock: All That Is Holy: The Role of Religion in Postcapitalist Communities

Vincent Lyon-Callo: COVID and Capitalism: A Conversation with Richard Wolff

Science & Society 84 (4)

Alan Freeman: Creative Labor, Mental Objects and the Modern Theory of Production

Wei Xiaoping: Understanding Marx’s Concept of Justice

David Laibman: Incentives, Optimization, and Democratic Planning: A Socialist Primer

Steve Ellner: Conspiracies in the Age of Neoliberalism

The European Journal of the History of Economic Thought 27 (5)

Patricia Faraldo-Cabana: On the political economy of fines. Rusche and Kirchheimer’s Punishment and Social Structure revisited

Joseph T. Salerno , Carmen Elena Dorobat & Karl-Friedrich Israel: Two views on neutral money: Wieser and Hayek versus Menger and Mises

Thomas Michael Mueller: Against the orthodox: Walras and Laveleye’s reluctant alliance

Nicolas Brisset & Raphaël Fèvre: The “community of labour” in troubled times (1926–1944): François Perroux’s irrational foundations of economic expertise

Christophe Depoortère & Arnold Heertje: Lord William Wyndham Grenville’s manuscript notes on the first edition of David Ricardo’s Principles

Books and Book Series

Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action

edited by Arturo Hermann and Simon Mouatt | 2020, Routledge

Heterodox economics can provide a more complete and robust explanation of economic realities than orthodox (or mainstream) economics. Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action argues that this greater explanatory power gives heterodox economics the ability to illuminate appropriate policy for the major crises of our time, as well as proffer the basis for a more rounded, pluralist approach to economic theory.

The chapters in this wide-ranging volume address some of the key issues facing the global economy, including the growing disparity of income/wealth between persons and economic areas, environmental degradation, issues associated with employment, and the regularity of economic/financial crises. The authors examine potential policy responses such as modern monetary theory, models of public ownership, and the need to move beyond standard concepts of growth. They also explore the deficiencies of orthodox economics, and contend that a more pluralist approach to economics is required in the public sphere, in academia, and in the classroom in order to help face the challenges of the twenty-first century. This book is invaluable reading for students and scholars across the social sciences who are interested in alternatives to mainstream economic thinking.

Please find a link to the book here.

Ethics and Economic Governance Using Adam Smith to understand the global financial crisis

by Chris Clarke | 2015, Routledge

This book seeks to explore the ethical dimensions of economic governance through an engagement with Adam Smith and a critical analysis of economistic understandings of the Global Financial Crisis. It examines ethical and political dilemmas associated with key aspects of the financialisation of Anglo-American economy and society, including systems of asset-based welfare, modern risk management and debt.

In the wake of the financial crisis, recognition of the way in which everyday lives and life chances are tied into global finance is widespread. Yet few contributions in IPE explicitly tackle this issue as a question of ethics. By developing Adam Smith’s under-utilised account of how market-oriented behaviour is constituted through a process of ‘sympathy’, this book provides an innovative way of understanding contemporary issues of economic governance and the possibilities and limits for intervention within it. By taking Adam Smith’s moral philosophy seriously, it becomes evident that the ever-deeper enmeshing of finance in our everyday lives is a failed experiment.

Turning the common understanding of Smith on its head, we can also turn accepted wisdom about the recent financial crisis on its head and see the urgency of making better known the ethico-political contestation that lies at the heart of financial market relations. It will be of interest to students and scholars of IPE as well as those across the social sciences who wish to question the foundations of contemporary economy and society.

Please find a link to the book here.

Financialisation in the European Periphery: Work and Social Reproduction in Portugal

edited by Ana Cordeiro Santos & Nuno Teles | 2020, Routledge

In many European countries, the process of financialisation has been exacerbated by the project of closer EU integration and accelerated as a result of austerity policies introduced after the Euro crisis of 2010–2012. This book examines the case of Portugal, and in particular the impact on its economy, work and social reproduction. It examines the recent evolution of the Portuguese economy, of particular sectors and systems of social provision (including finance, housing and water), labour relations and income distribution. In doing so, it offers a comprehensive critical analysis of varied aspects of capital accumulation and social reproduction in the country, which are crucial to understand the effects of the official ‘bail-out’ of 2011 and associated austerity adjustment program. The book shows how these have increasingly relied on deteriorating pay and working conditions and households’ direct and indirect engagement with the global financial system in new domains of social reproduction. Through its exploration of the Portuguese case, the book presents a general theoretical and methodological framework for the analysis of financialisation processes in peripheral countries.

Please find a link to the book here.

Key Elements of Social Theory Revolutionized by Marx

by Paul Zarembka | 2020, Brill

Marx's oeuvre is vast but there are key elements of his ever evolving, class-based contribution to social theory. Declining usefulness for him of Hegelian philosophy and his deepening confrontation with Ricardian political economy on “value” were expressions.While the French edition of Capital was the last and closest to Marx’s mature thought, Engels did not understand how work on Russia related to Marx’s evolution leading to separation of “primitive accumulation” in a new Part VIII. Engels’ editing distorted the outcome, in other ways also. Accumulation of capital is particularly difficult conceptually, including the pressure from bourgeois economics to consider it as just more means of production. It is carefully addressed, as is the technical issue of the composition of capital. After Marx, Luxemburg is the most significant contributor to Marxism and her works on advancing Marx’s political economy and on the “national question” are highlighted here, both having been distorted therafter. The modern topic of state Machiavellian conspiracies , too often avoided or dismissed, concludes the book. Troubling issues, however, remain.

Please find a link to the book here.

Le Manifeste Travail (french)

edited by Isabelle Ferreras, Julie Battilana and Dominique Méda | 2020, Les Editions du Seuil

How to deal with the crisis we are going through? The neo-liberal capitalist system based on the sole pursuit of profit will only reinforce the concentration of wealth, aggravate inequalities and destroy our ecosystem a little more each day. Against the status quo, a collective of women social scientists from all walks of life is calling for a new sharing of power within corporations as a condition for a true ecological transition.

They are the authors of the Labour Manifesto, which has already been translated into 27 languages and in a few weeks has become the beginning of a worldwide movement. Their project? To democratise the company, to enable workers to participate in the decisions that concern them. To democratise work, to protect certain sectors from the laws of the market alone, but also to guarantee everyone access to work that allows them to ensure their dignity. At a time when we are faced with the risk of pandemics, populist excesses and the threat of a climate collapse, these two strategic changes will also make it possible to act collectively to clean up the planet and preserve the conditions of life on earth.
Under the direction of Isabelle Ferreras, Julie Battilana and Dominique Méda. With Adelle Blackett, Julia Cagé, Neera Chandhoke, Imge Kaya-Sabanci, Lisa Herzog, Sara Lafuente, Hélène Landemore, Flavia Maximo and Pavlina R. Tcherneva.

"A fundamental contribution to thinking about another world, another economic system, a just society proud of its diversity. An essential step towards a participative socialism: democratic, ecological and feminist. A must read! "Thomas Piketty

Please find a link to the book here.

The Alternative Austrian Economics: A Brief History

by John E. King | 2019, Edward Elgar Publishing

For most economists, ‘Austrian economics’ refers to a distinct school of thought, originating with Mises and Hayek and characterised by a strong commitment to free-market liberalism. This innovative book explores an alternative Austrian tradition in economics. Socialist in spirit but too diffuse to be described as a single school of thought, it shares a common conviction that the market, while possibly a good servant, is a very poor master.

Demonstrating how the debate on the economics of socialism began in Austria long before the 1930s, this unique book analyses the work and impact of many leading Austrian economists. Beginning with the Austro-Marxist theorists Otto Bauer and Rudolf Hilferding and moving through to the new generation of social democratic economists, most prominently Kurt Rothschild and Josef Steindl, The Alternative Austrian Economics provides insight into the history and evolution of socialist economics in Austria.

Offering a previously underrepresented discussion of a century of Austrian socialist economics, this engaging book will prove to be of great value to Marxian and heterodox economists, historians of economic thought and political scientists interested in political economy.

Please find a link tothe book here.

The Political Economy of Populism

by Petar Stankov | 2020, Routledge

The Political Economy of Populism explores the interplay between identity, the economy and inequality to explain the dynamics of populist votes since the beginning of the 20th century. Chapters draw from the most recent political science, economics and other social science literature, as well as historical data, to explain the long-term causes and consequences of populism. Populism emerges and gains traction when political entrepreneurs exploit underlying identity conflicts for political gains. As the distributional consequences of both economic distress and economic growth typically favor the elite over the poor and the lower middle class, economic shocks usually sharpen the underlying identity conflicts between the groups. The book provides evidence of significant differences in the ways fiscal and monetary policies are conducted by incumbent populists in Latin America, Europe and the OECD. The work concludes by suggesting avenues through which a 21st century social consensus can be built, so that our society can avoid repeating the mistakes that led to wars and failed economic experiments in the 20th century.

Please find a link to the book here.

The WEIRDest People in the World: How the West Became Psychologically Peculiar and Particularly Prosperous

by Joseph Henrich | 2020, Farrar, Straus and Giroux

Do you identify yourself by your profession or achievements, rather than your family network? Do you cultivate your unique attributes and goals? If so, perhaps you are WEIRD: raised in a society that is Western, Educated, Industrialized, Rich and Democratic.

Unlike most who have ever lived, WEIRD people are highly individualistic, nonconformist, analytical and control-oriented. How did WEIRD populations become so psychologically peculiar? What part did these differences play in our history, and what do they mean for our collective identity?

Joseph Henrich, who developed the game-changing concept of WEIRD, uses leading-edge research in anthropology, psychology, economics and evolutionary biology to explore how changing family structures, marriage practices and religious beliefs in the Middle Ages shaped the Western mind, laying the foundations for the world we know today. Brilliant, provocative, engaging and surprising, this landmark study will revolutionize your understanding of who - and how - we are now.

Please find a link to the book here.

Understanding Financial Crises

by Ensar Yılmaz | 2020, Routledge

Incorporating a broad range of economic approaches, Understanding Financial Crises explores the merits of various arguments and theories which have been used to explain the causes of financial crises. The book explores eight of these different explanations: underconsumption, debt accumulation, financialization, income inequality, financial fragility, tendency of rate of profit to fall, human behavior, and global imbalances. The introduction provides a brief overview of each argument along with a comparison of their relative merits. Each chapter then introduces one of the arguments, explores a historical case, and focuses on the insights that can be gleaned into the global crisis in 2007–2008. The book draws on insights from various schools of thought including post-Keynesian economics, Marxist economics, behavioral economics, neoclassical economics, and more, to provide a pluralist overview of the causes of economic crises in general and the Great Recession in particular.

Please find a link to the book here.

Worlds of Labour Turned Upside Down

edited by Pepijn Brandon, Peyman Jafari, und Stefan Müller | 2020, Brill

This volume offers a bold restatement of the importance of social history for understanding modern revolutions. The essays collected in Worlds of Labour Turned Upside Down provide global case studies examining:

The volume examines a wide range of revolutions in the nineteenth and twentieth centuries, covering examples from South-America, Africa, Asia, and Western and Eastern Europe. The volume goes beyond merely examining the place of industrial workers, paying attention to the position of slaves, women working on the front line of civil war, colonial forced labourers, and white collar workers. Contributors are: Knud Andresen, Zsombor Bódy, Pepijn Brandon, Dimitrii Churakov, Gabriel Di Meglio, Kimmo Elo, Adrian Grama, Renate Hürtgen, Peyman Jafari, Marcel van der Linden, Tiina Lintunen, João Carlos Louçã, Stefan Müller, Raquel Varela, and Felix Wemheuer.

Please find a link to the book here.

Heterodox Graduate Programs, Scholarships and Grants

Call for Applications: Economic Policies for the Global transition (EPOG+) "Erasmus Mundus Joint Master Degree"

Economic POlicies for the Global transition (EPOG+) is an Erasmus Mundus Joint Master Degree in economics, supported by the European Union. It offers a world-class integrated Master's programme on the (digital, socioeconomic, ecological) transition processes with a pluralist approach and interdisciplinary perspectives. The main objective of the programme is to give birth to a new generation of international experts, able to define and assess economic policies and evolve within different political, social and regional contexts. Towards this objective, the EPOG+ Master’s programme goes beyond the reach of standard economic theory to include various heterodox/institutionnalist political economy approaches.

The full partners (degree awarding institutions) include a wide set of prestigous institutions:

It also involves more than 30 (academic and non-academic) associated partners in Europe and the world.


The very best students from all over the world will be eligible for scholarships awarded for 2 years by the European Commission, based on our selection:

Note that two recommendation letters are needed to apply and have to be provided by the deadline. The course for the new cohort will start in September 2021. The selection will be organised jointly with the EPOG 2.0 programme.

Please find further information here. For application please click here.

Application Deadline: 1 February 2021

Call for Applications: Frederic S. Lee Heterodox Economics Scholarship

The application for the Spring 2021 semester is now open. In order to be eligible, students must be enrolled in a doctoral heterodox economics program in the United States and demonstrate financial need. This scholarship will not provide scholarship aid for dissertation credit hours or for credit hours that are not directly relevant for the completion of the doctoral program's coursework.

Selection criteria include:

Read more about the heterodox economics of Frederic S. Lee at http://heterodoxnews.com/leefs/

Scholarships will be awarded prior to the fall and spring semesters on an annual basis. Scholarships are not renewable; however, previous recipients may reapply.

Amount: Varies. Tuition and fees for up to three classes per semester.

Apply Here: https://gkccf.academicworks.com/opportunities/3811

To continue to support graduate students who will be the future of Heterodox economics, the Scholarship Fund needs to generate more funds. Donations can be made at https://gkccfonlinedonations.org/give/leeh00.asp

Application Deadline: 15 November 2020

History of Economics Society: Early-Career Scholars Research Fund

The History of Economics Society welcomes applications by early career scholars for research funding of up to 1,500 dollars. The program supports early career scholars that otherwise would not have funds to undertake research activities. Up to 4 awards will be made every year. Early career scholars are those studying for a PhD or within 4 years after completion of PhD. Eligible expenses include travel and accommodation costs for visits to archives, for recording of oral histories, or for similar activities. Subsistence, purchase of equipment, fees/licenses/rights, digitization and transcription costs are typically not eligible.

The application must include a brief description of the project, details and full costings of expenses, mention of other funding applications submitted for the same activities. These materials should not exceed 750 words. In addition, the application must include a two page CV of the applicant and a letter of support from their supervisor. Submit proposals to hes@uwosh.edu.

Applicants should be aware that there may not be a specialist of their topic among the evaluation committee. Candidates should therefore provide a short but clear summary of the state of the art (with a few key references), a clear justification of why the research question the grant is addressing advances the existing literature, and detailed information about the evidence the applicant intends to gather in the research activities.

Process for reimbursement:

Awardees will be reimbursed up to $1500 for research-related travel. You must submit receipts for expenses, including air travel, ground transportation, hotel expenses, and up to $50/day in food and misc. expenses for completed travel (for which we do not need a receipt). Hotel expenses may be restricted to a reasonable level as based on the US government’s travel allowance. Receipts may be submitted to HES’s office manager, Amy Hardy, at hes@uwosh.edu. Our preferred method of payment is a check in USD. For that, we only need your mailing address. For international wire transfers we need your full name (as it appears on your bank account), your address (as your bank believes it to be), your bank name and location, and your IBAN. Transfers to Brazil may require additional paperwork.

Decisions will be made by the Early Career Scholars (formerly Young Scholars) committee. Applications should be sent to hes@uwosh.edu.

Application Deadline: 1 December 2020 / 15 May 2021

PhD studentships at University of Hertfordshire, UK

Fully funded PhD studentships at the University of Hertfordshire Business School

Applications are invited for a fully funded PhD studentship in the Hertfordshire Business School at the University of Hertfordshire. The studentship is offered on a full-time basis for three years (subject to satisfactory progress). It provides a tax free bursary (currently £15,285 per annum for the academic year 2020-21), and includes a full tuition fee waiver for three years. Additional funding to support the research may also be available. Successful candidates will be supported by a team of supervisors with experience and expertise on the selected topic of research. There may be opportunities to undertake teaching related activities in a relevant area.

About the Project

Applications are welcome on any research topic and specialism. We also welcome applications that focus on the following areas:

The successful project will contribute to one of the four research groups in the Business School:

Applicants may find it helpful to look at the nature of current research in the School as represented at https://www.herts.ac.uk/study/schools-of-study/business/research.

Applicant requirements

Applicants should have at least an upper second-class honours degree in a relevant discipline. A master degree in a relevant field will be advantageous. The studentship is open to UK/EU and international applicants.

How to apply

Applicants are required to provide the following documents:

For enquiries regarding research degrees at the University of Hertfordshire, please email Ms Lynette Spelman (l.spelman@herts.ac.uk). Ms Spelman can also answer general queries on the application process.

For enquiries concerning this studentship and the Business School please email the Doctoral Research Tutor, Dr Francesca Gagliardi (f.gagliardi@herts.ac.uk).

Please send completed applications to the Doctoral College at doctoralcollegeadmissions@herts.ac.uk, using the following format in the email subject line: “Business School_studentship application_YOUR NAME”.

Key dates


Pluralist macroeconomics - an interactive simulator

by Franz Prante, Alessandro Bramucci, Eckhard Hein, Achim Truger

Our paper presents an innovative instrument to teach macroeconomics at the undergraduate level. We develop a digital learning platform to present and explore some controversies at the very foundations of macroeconomic theory. For this purpose, we explicitly present two competing paradigms: the new consensus, and the post-Keynesian. Several interactive scenarios are made available where the user can control different economic policy instruments and is guided through a set of problems that require appropriate action in the context of the different approaches.

We recommend Google Chrome or Brave browser for optimal use of the interactive scenarios:

This paper is part of the MGWK Project at the Institute for International Political Economy Berlin of the Berlin School of Economics and Law

MGWK Project

For Your Information

In memoriam John F. Henry (1943-2020) 1/2

John F. Henry, 77, died September 26, 2020, at his home in Kansas City, MO.

He was diagnosed with leukemia in 2012 and was informed in early September 2020 that it had transformed into non-Hodgkin’s lymphoma. John elected to forego chemotherapy and to spend his remaining time at home under hospice care.

John was the son of Forrest J. and Beulah R. Henry (née Richard) of Red Hill, PA. He attended Upper Perkiomen High School and graduated from Muhlenberg College in 1965. He subsequently attended McGill University, Montreal, receiving his M.A. in 1967 and his Ph.D. in 1974. He taught at California State University – Sacramento from 1970 through 2003 and thereafter at the University of Missouri – Kansas City until 2014. He finished his academic life as senior scholar at the Levy Economics Institute, Bard College, New York.

John made contributions to heterodox economics, particularly in the fields of history of economic thought, economic history, and political economy. He is the author of two books, John Bates Clark (Macmillan, 1995) and The Making of Neoclassical Economics (Unwin Hyman, 1990; reprinted by Routledge, 2011). He published over 50 journal articles and book reviews in Journal of Economic Issues, Journal of the History of Economic Thought, History of Political Economy, Forum for Social Economics, Review of Social Economy, Review of Political Economy, Journal of Post Keynesian Economics, History of Economics Review, and Studi e Note di Economia. He also contributed articles to ten books of collected essays.

The CSUS School of Social Sciences and Interdisciplinary Studies awarded Dr. Henry the Outstanding Teacher Award in 1998 and the Outstanding Service Award in 2003. In 2001 he was selected by the university to deliver the John C. Livingston Annual Faculty Lecture, the highest honor bestowed by the faculty of that institution.

John served various economics associations for many years, including as president of the Association for Institutional Thought, member of the Steering Committee of the International Confederation of Association for Pluralism in Economics, and member of the editorial boards of Forum for Social Economics and Journal of Economic Issues. More important than his published work was his role as educator. His main objective in his teaching career was to help liberate the minds of students from the shackles of conventional thought.

John was married to Charlene Heinen, originally from Loose Creek, MO, for 41 years. He has two daughters, Jennifer Woods (Tom) and Leith Henry, both of Sacramento, CA, from a previous marriage to Barbara Henry (née Brode) of Sumneytown, PA. Predeceasing Dr. Henry were his parents and two sisters, Mary Jane Maley and Georgianna Kressly.

Commemorative donations may be made to the Frederic S. Lee Heterodox Economics Scholarship Fund, in care of the Greater Kansas City Community Foundation, Kansas City, MO (https://gkccfonlinedonations.org/give/leeh00.asp).

From John F. Henrys Familiy.

In memoriam John F. Henry (1943-2020) 2/2

In memoriam John F. Henry (1943-2020)

Dr. John F. Henry Ph.D. died at home with family in Kansas City on September 26, 2020 after a long illness. John spent most of his career as a professor of economics at California State University, Sacramento, beginning in 1970 as an Assistant Professor and retiring as Professor Emeritus 2004. He also spent more than a decade as a valued member of the faculty in the Department of Economics at the University of Missouri – Kansas City (UMKC). John first came to UMKC for the 2001-2002 academic year as a Visiting Professor of Economics and Visiting Fellow of the Center for Full Employment and Price Stability. After retiring from Sacramento State, he moved to UMKC to serve as a Visiting Professor in 2004, a position he held until 2014. After leaving UMKC John continued to teach as a Senior Scholar at the Levy Economics Institute of Bard College.

Born in Red Hill, PA, John earned an A.B. from Muhlenberg College in 1965, and studied economics as a graduate student at McGill University, earning the M.A. degree in 1967 and a Ph.D. in 1974. John’s doctoral dissertation John Bates Clark and the Origins of Neoclassical Economics was completed under the supervision of the eminent Post Keynesian economist Athanasios "Tom" Asimakopulos.

Dr. Henry’s research focused on the history of economic thought, economic history, and political economy. He was the author of two books, The Making of Neoclassical Economics (Unwin Hyman, 1990; repr., Routledge, 2011) and John Bates Clark (Macmillan, 1995). He also published more than 50 articles in academic journals and numerous book chapters.

Dr. Henry won many teaching, research, and service awards during his career, and was the recipient of the 2016 Veblen-Commons Award from the Association for Evolutionary Economics. The Veblen-Commons Award is presented annually by the Association for Evolutionary Economics in recognition of outstanding scholarly contributions to the field of evolutionary institutional economics and the association’s highest honor. Recipients of this prestigious award include Gardiner Means, Gunnar Myrdal, John Kenneth Galbraith, Robert Heilbroner, and Hyman Minsky. A festschrift in Dr. Henry’s honor, Marx, Veblen, and the Foundations of Heterodox Economics: Essays in Honor of John F. Henry, was published in 2015 (Tae-Hee Jo and Frederic S. Lee editors, Routledge).

Dr. Henry influenced generations of students. Among the undergraduate students he mentored and guided to careers as academic economists were L. Randall Wray and Stephanie (Bell) Kelton. One of his earliest students, while teaching as a graduate student at McGill University, was Mario Seccareccia. John was an enormously popular teacher and advisor at UMKC, and an important member of the Economics faculty at UMKC when the department became internationally known as a center for heterodox economics. Both undergraduate and graduate students eagerly sought-out Dr. Henry’s classes, and he was remarkably generous with his time, often spending hours each day meeting with students. In high demand as an advisor for doctoral students, he served on dozens of dissertation committees at UMKC, and often played a crucial role in patiently guiding students to successful completion of their research.

A passionate advocate for the rights of working people and oppressed people everywhere, he was a fierce critic of the role that economics and economists often play in rationalizing and perpetuating injustice. His loss is deeply felt by his former students, colleagues, friends, and family, but his legacy lives on in those of us whose research, teaching, and understanding of economics continues to be shaped by him.

Erik K. Olsen

In memoriam John Weeks (1941-2020)

John Weeks has recenty passed away. For an obituary for John in the Guardian from Simon Mohun click here. For several tributes from council members of The Progressive Economy Forum click here.