Issue-29, June 18, 2006

From the Editor

It truly appears that heterodox economic activities do not take a summer vacation.  There are new call for papers and new book announcements.  In addition there are call for participants for various conferences, including the Association for Heterodox Economics Conference which will take place in London in July.  Moreover, there are job announcements, links to a couple of interesting papers, and information and links to recent journal publications as well as links to various interesting newsletters.  I would like to mention Marc Lavoie's article that appears in INTERVENTION--it is an interesting discussion of the relationship of Post Keynesian economics to other heterodox approaches--there is a link to the article.  Finally there is informations about a heterodox economics society in Korea and a couple of interesting items under FYI.

ICAPE announces its second international conference that will take place on June 1-3, 2007 at the University of Utah. Its theme is "Economic Pluralism for the 21st Century". This is an important conference to attend and present a paper.

This is the last Heterodox Economics Newsletter until August.  I shall be away at a couple of conferences--Australian History of Economic Thought and Association for Heterodox Economics conferences, and then I shall be on holiday for a couple of weeks.
Fred Lee


In this issue:

  - Call for Papers

          - International Forum on Comparative Political Economy of Globalization
          - "Trade and sustainable development: missing links?"
          - Association for Institutional Thought [AFIT]
          - Hegemonic Transitions and the State
          - The Constraints to Full Employment Conference
          - The International Journal of Economics (IJE)
          - Which financing for which development ?
          - Economic Pluralism for the 21st Century
Conferences, Seminars and Lectures

          - Value Theory and KBE
          - Working to Live
          - Reclaiming the Economy
          - Impact of Keynesian Economics on Policy
          - Understanding modern money : the key to full employment and price stability
          - Japan Academy for Asian Market Economies (JAFAME)
          - The summer school: Econophysics and Complexity
          - The Constraints to Full Employment Conference
          - Forum the Spirit of Innovation II
          - Association for Heterodox Economics

  Job Postings for Heterodox Economists

          - FHTW Berlin – University of Applied Sciences, Germany
         - Girton College

  - Heterodox Conference Papers and Reports and Articles

          -  “A reinterpretation and remedy of Keynes’s liquidity preference theory”
          - “The Economic Development Benefits of Prevailing Wage”

 - Heterodox Journals and Newsletters

         -  New Political Economy
         - USSEE (United States Society for Ecological Economic) Newsletter
         - Intervention
         - Levy News
         - Talking Economics Bulletin - June 2006, Fair Dealing
         - Historical Materialism: Research in Critical Marxist Theory
         - Capital and Class
         - The Economics of Peace and Security Journal
         - PERI In Focus Summer 2006
         - June 2006 of Review of Social Economy

  - Heterodox Books and Book Series      

          - Eigentumsökonomik
          - GDAE Books
          - 50 Major Economists
          - Macroeconomics in Context Preliminary Edition on the Web
          - The State of Working America 2004/2005
          - Railroading Economics: The Creation of the Free Market Mythology

  - Heterodox Associations, Institutes, and Departments

          - Korean Social and Economic Studies Association (KSESA)

  - For Your Information

         - Otto Steiger
         - Professor John Milios
         - "The Distorted Priorities of Mainstream Economists."


 Call for Papers

International Forum on Comparative Political Economy of Globalization

Second Conference of International Forum on Comparative Political Economy of Globalization will be held at Renmin University of China Beijing, 1-3 September 2006

Conference Theme
Late Development: China, East Asia, and the Developing World

Sponsoring Institutions
The conference is prepared by a Conference Organising Committee under the auspices of the following institutions, which are founding members of the Forum:
-The School of Oriental and African Studies, University of London, U.K.
-The School of Economics, Renmin University of China, China ?? The Study Group on Contemporary Issues and Marxian Economics, Japan

From the standpoint of political economy, globalization can be conceptualized as the spatial expansion of the system of capitalism. The interaction between the global-level systemic dynamics, on the one hand, and the responses and initiatives of the local (regions and/or nation-states), on the other hand, is of central importance in determining world development. Hence the impetus of comparative studies from a systemic perspective.
A research programme in the spirit of the above stands in contrast to the mainstream of the existing economic literature on globalization. It is characteristic of mainstream studies that they tend to be lacking either a comparative perspective or a systemic perspective, or both. In other words, they tend to treat local responses/initiatives as no more than “variables” that are invariant in nature, while losing sight of the system. To the extent that some of the studies do attempt to take into consideration the systemic dynamics, this is typically based on fragile foundations – particularly in the form of the presumption that “perfect property rights” are in an universal sense the ideal state for world development. It is due to this characteristic that mainstream studies have appeared to be wanting, especially in the face of the following phenomenal events in the age of globalization: the non-fulfillment of the promises of development in the systemic transformation of countries of the former Soviet bloc, the miracle and crises on the back of “crony capitalism” in East Asian development, and the “lost decades of development despite market reforms” in the broader non-Western world.
A research program emphasizing comparative and systemic perspectives can only be international in nature. The initiative of establishing the International Forum on Comparative Political Economy of Globalization is precisely to seve this purpose. The Launching Conference of the Forum, in September 2005 at the School of Oriental and African Studies, University of London, was mainly to paving the way for subsequent multilateral and bilateral collaborative academic activities. On this basis, this forthcoming Second Conference has its objective of generating serious scholarly work in the spirit outlined above.

Structures of the Conference
The conference will be composed of key-note speeches, a plenary session, parallel workshops, and arrangements of group/plenary discussion on research initiatives and business plans. Proposed themes for parallel
- Workshop 1 Conceptualizing the political economy of globalization - Workshop 2 Late development: trends and issues -Workshop 3 China and the world economy -Workshop 4 East Asia -Workshop 5 Marxist political economy in development -Workshop 6 The world of finance

Preliminary Program
First Day 7:00pm – 8:30pm Conference reception Second Day 9:30am – 10:00am Registration and welcome address 10:00am – 10:15am Break 10:15am – 12:15pm Key-note speeches (four papers) 12:15pm – 2:00pm Lunch 2:00pm – 3:30pm Workshop 1 (three papers) Workshop 2 (three papers) Workshop 3 (three papers) 3:30pm – 3:45pm Break 3:45pm – 5:15pm Workshop 1, continued (three papers) Workshop 2, continued (three papers) Workshop 3, continued (three papers) 6:00pm – 8:30pm Dinner

Third Day 9:30am – 11:00pm Workshop 4 (three papers) Workshop 5 (three papers) Workshop 6 (three papers) 11:00am – 11:15am Break 11:15am – 12:15pm Workshop 4, continued (two papers) Workshop 5, continued (two papers) Workshop 6, continued (two papers) 12:15pm – 2:00pm Lunch 2:00pm – 4:00pm Plenary session (four papers) 4:00pm – 4:15pm Break 4:15pm – 5:15pm Plenary discussion on business plans

Announcements and conference closing
6:00pm – 8:30pm Dinner

(Note: depending on the number of participants/papers, the number of parallel workshops could vary between 4 and 6.)

Prospective Outlets for Conference Papers The conference organizer will strive to approach prospective refereed journals or academic publishers for the publication of a selection of the conference papers.

Deadlines for Submitting Abstracts and Papers
31 May 2006 for submission of abstracts (to be used for, inter alia, publicity and approaching prospective publishers); 10 August 2006 for submission of papers (to be uploaded to the website of the Forum, , before the conference).

All expenses except international flights of participants will be covered by RUC.


Conference Preparation Committee
RUC 2 + SOAS 2 + SGIME 1 + Utah 1 + Sydney 1 = 7

Suggested Composition of Participants
Overseas SOAS 7
Utah 4
Sydney 3
Mexico AU 2
Others (HK 2, USA 1, UK 2, Australia 1, etc.) 7 Chinese RUC 7 Others (Beijing institutions) 5

Suggested Key-note and Plenary Session Speakers Second Day morning John Weeks Makoto Itoh A person from RUC Dimitri Papadimitriou Third Day afternoon A person from Utah Thomas Chan Kawamura Leo Panitch

"Trade and sustainable development: missing links?"

The Sustainable Development Policy Institute (SDPI) in Islamabad, Pakistan, organises its 9th Sustainable Development Conference "Missing Links in Sustainable Development: South Asian Perspectives" from December 13-15 , 2006. One of the sub-themes will focus on "Trade and sustainable development: missing links?" (outline below). Your abstracts are welcome! Deadline for submission is August 7, 2006.

Globalisation in South Asia has many faces, such as cross-border trade in goods and services, foreign companies establishing subsidiaries in the sub-continent, and short-term capital entering national stock exchanges. It also has a variety of triggers. Bi- and multilateral trade agreements have been powerful catalysts of globalisation. The World Trade Organisation (WTO) founded in 1995 is the only international body dealing with the rules of trade between nations. At the heart of the WTO lie agreements between the 149 member states of the WTO. In developing countries in particular, the impact of the WTO on sustainable development is highly disputed. Are its rules, dominated by industrialized countries a new form of colonialism aggravating inequality between North and South and within developing countries? Or can compliance with WTO rules provide a more leveled playing field between dissimilar partners, and promote more sustainable economic practice?

Since the beginning of the 1990s, the number of Regional Trade Agreements (RTAs) has risen exponentially. Similar doubts about their capacity to promote sustainable development have been put forward. In the South Asian context, an important dimension is the potential of a regional agreement such as the South Asian Free Trade Agreement (SAFTA) to resolve their member countries’ multiple security problems.

As globalisation, sustainable development has many dimensions. It may involve sound environment management, equal access to resources for women and men, as well as peaceful cooperation between communities and countries. Depending on the aspect of globalisation and sustainable development focused on, the outcome might be more or less desirable. The panel makes an effort to specify these links and thus to provide entry points for a people- and planet-friendly globalisation in South Asia.

A soft or printed copy of the abstract of not more than 400 words should be submitted by August 7, 2006 at the address given below. It should clearly state the title, theme, objectives, sources of data, and major expected findings. It should include the author’s full name, a brief bionote as author of no more than 30 words, complete contact address (e-mail as well as postal), telephone and fax numbers.


Shaheen Rafi Khan, Research Fellow SDPI
Karin Astrid Siegmann, Junior Research Fellow SDPI

Karin Astrid Siegmann
Sustainable Development Policy Institute
# 3 UN Boulevard, Diplomatic Enclave-1, G-5
Islamabad, Pakistan
Tel: (92-51) 2278134 ext. 208
Fax: (92-51) 2278135

Association for Institutional Thought [AFIT]

The annual meeting of AFIT will be held April 11-14, 2007
Calgary, Alberta Hyatt Regency Calgary
700 Centre Street SE, Calgary, Alberta, Canada
In conjunction with the Western Social Science Association (WSSA) 49th Annual Conference

Theme for the 2007 Conference:
Borders and Boundaries in Institutional Economics
For detailed information AFIT.doc

Hegemonic Transitions and the State

23-24 February 2007
Simon Fraser University
Vancouver, British Columbia, Canada

An international conference on the post-Cold War re-shaping of global capitalism, hosted by the Centre for Global Political Economy, Simon Fraser University.
The conference, “Hegemonic Transitions and the State”, aims to contribute to our understanding of complex interconnections between capitalist globalization and political authority. The character of the global system differs in different historical periods. How do we understand the current reorganization of states and the state system? What are the
categories and concepts necessary to uncover central tensions and complexities involved in the making of a global economy? This conference will explore the historical reconstruction of global capitalism within the post-Cold War geo-military international context. The central focus of the conference is the global regulative framework of capitalism. More specifically, attention will be directed toward examining the forms and boundaries of power that are emerging to restructure states and the state system after the end of Cold War military blocs.

This conference will explore world historical relations of contested projects over political organization, economy, social movements, and culture in the reshaping of states and the state system. It will focus on such questions as:

1- Capitalist rivalries between states and regional blocs,
2- American dominance in unifying global social, political, economic, and military space,
3- The transnational restructuring of capital and classes,
4- The reorganization of states and political alliances (conceptualizing states in relation to each other as well as in relation to civil society),
5- The dynamics of inequality, including those relating to capital, gender, race/ethnicity, culture, technology,
6- Counter-hegemonic movements.

This is a two-day event. The conference themes and questions will be discussed in sessions, workshops, and roundtables. A refereed publication of selected papers is planned to follow the conference.

The conference will take place February 23-24 at Simon Fraser University in Vancouver, British Columbia, Canada.

Abstract submission deadline is August 30, 2006.
Paper submission deadline is November 30, 2006.

Please send your one-page paper abstract as an electronic attachment to Yildiz Atasoy:  or by mail:

Yildiz Atasoy
Assistant Professor of Sociology
Department of Sociology and Anthropology
Simon Fraser University
Burnaby, BC,
V5A 1S6 Canada
Subject to funding, some travel subsidies may be available to graduate students whose papers are accepted

The Constraints to Full Employment Conference

- fiscal policy, Work choices and job insecurity December 7-8, 2006
The Centre of Full Employment and Equity (CofFEE) will host the Conference, which incorporates the 8th Path to Full Employment Conference and the 13th National Conference on Unemployment. It will be staged at the University of Newcastle, NSW - Thursday, December 7 and Friday, December 8, 2005.

The Call for Papers is now open. Registrations will be open early June.
Major themes for the Conference will be employment quality, underemployment and marginal workers.
Please note the deadline of September 1 2006 for submission of abstracts to refereed stream and September 29 for submission of abstracts to the non-refereed stream.

The 2-day program will cover the following themes and papers are invited that address them:

- What is full employment?;
- The problem of underemployment and marginal workers;
- The decreasing quality of employment;
- Broadening our measure of labour underutilisation;
- Social networks and their role in local labour market outcomes;
- Welfare to work issues;
- WorkChoices and job security - what has happened so far and the future?
- Macroeconomic policy and full employment;
- Long-term, youth and indigenous unemployment;
- Employment policy for the disabled;
- Policy responses to unemployment.
- GDP growth, jobs, and the environment;
- The future of work including issues regarding sustainability and job design;
- Regional employment/unemployment;
- Spatial analysis in social sciences focusing on local and regional labour markets and housing.

For information about the conference and more details about the Call for Papers go to: 
For information about CofFEE go to: 

The International Journal of Economics (IJE)

Call for Papers: The International Journal of Economics (IJE) is a peer-reviewed, scholarly journal devoted to publishing high-quality theoretical and empirical papers in economics. The interaction between empirical work and economic policy is an important feature of the journal. However, the Journal will also consider other types of papers provided they are of extremely high quality.
For detailed information: Instructions.doc and Editorial Board.doc

Which financing for which development ?

Nous vous rappelons que le Groupement de recherches économiques et sociales (GRES), organisme regroupant l'IFReDE de l'Université Montesquieu-Bordeaux IV et le LEREPS de l'Université Toulouse 1, organise, en partenariat avec l'Association pour le développement des études keynésiennes (ADEK) et avec le soutien de l'Observatoire international de la dette (OID), ses 2èmes journées du développement. Celles-ci se dérouleront à Bordeaux les 23 et 24 novembre 2006. Le thème retenu est: "Quel financement pour quel développement ?" We remind you that the Group of economic and social research (GRES), which is composed by the IFReDE of the University of Bordeaux and the LEREPS of the University of Toulouse, co-organizes, with the Association for the development of keynesian studies (ADEK) and with the support of the International debt observatory (IDO), its second development conference. This conference will take place in Bordeaux on november 23-24, 2006. The general theme is: "Which financing for which development ?"

Nous vous invitons à consulter le site du colloque <http://beagle.u-> qui vous fournira toutes les informations
nécessaires. We invite you to visit the conference website <http://beagle.u-> where you will find all useful informations.

Veuillez noter que la date limite d'envoi des propositions de communication est fixée au 15 juin 2006.
Please note that the deadline for submission is june 15, 2006.

N'hésitez pas à diffuser largement cette information. Nous vous prions d'excuser d'éventuels envois multiples. Cordialement.
Do not hesitate to diffuse widely this information around you and please apologize for possible cross-posting.
Best regards.

Pour le comité d'organisation, for the steering Committee,

Eric Berr


Vous pouvez envoyer des propositions sur des thèmes plus exclusivement keynésiens, une après midi y sera consacrée à l'IEP de

Edwin Le Heron
31 Rue Jules Delpit
33800 Bordeaux -France

Economic Pluralism for the 21st Century

The International Confederation of Associations for Pluralism in Economics (ICAPE) announces its second international conference:

“Economic Pluralism for the 21st Century”
June 1-3, 2007
University of Utah (Salt Lake City, Utah, USA)

ICAPE and the organizers of “Economic Pluralism for the 21st Century” invite proposals for papers that will collectively enhance the intellectual diversity of economic discourse, as well as the usefulness of economics in promoting human freedom and flourishing.

For detailed information: ICAPE 2007 CFP.doc


Conferences, Seminars and Lectures

Value Theory and KBE

The Lancaster Institute of Advanced Studies has forthcoming events on Value Theory and the Knowledge-Based Economy (KBE) in April to September 2006 as part of the Institute's inaugural Annual Programme on KBE.
Histories of 8 Hour Day and Working Life

Working to Live

On June 20 & 21, 2006 Histories of the 8 Hour Day and Working Life, a joint initiative of the Australian Society for the Study of Labour History and the Australian Centre at the University of Melbourne, commemorates the 150th anniversary of the 8 Hour System established by the Melbourne Stonemasons

Reclaiming the Economy

Cooperative Forms of Organization
Reclaiming the Economy: the Role of Cooperative Enterprise, Ownership and Control at the University of Wales Institute Cardiff, UK on September 6-8, 2006 is an international conference on cooperative forms of organization

Impact of Keynesian Economics on Policy

9th Int'l Post Keynesian Conference
The 9th International Post Keynesian Conference from September 15 to 19, 2006 at the University of Missouri - Kansas City is a celebration of the impact of Keynesian economics on policy. Keynote speakers include Skidelsky, Goodhart, Davidson, Harcourt, Pasinetti.

Understanding modern money : the key to full employment and price stability

A l’invitation de l’Université Paris-Sud et du Collège d’Etudes Interdisciplinaire, le professeur Randall Wray de l’Université du Missouri à Kansas City (Etats-Unis) et du Levy Institute (Etat de New-York) va venir à la Faculté Jean Monnet à Sceaux à partir du 10 juillet pour nous faire part de ses travaux.
Le professeur Wray appartient à l’école chartaliste selon laquelle la monnaie est une création de l’Etat. Pour le prof. Wray les Etats sont normalement en déficit. Il est par ailleurs partisan de la finance fonctionnelle et de la politique de l’Etat employeur en dernier ressort telles qu’elles ont été proposées par Abba Lerner et Hyman Minsky.
La bibliothèque de droit et d’économie (bât 236 sur le campus d’Orsay) possède plusieurs exemplaires de son ouvrage « Understanding modern money : the key to full employment and price stability ».
Du 10 au 13 juillet le prof. Wray prononcera les quatre conférences suivantes :
Le 10 juillet sur la pensée monétaire de Keynes à partir du papier ci-joint « Keynes’s Approach To Money : An Assessment After 70 Years »
Le 11 juillet sur les déficits jumeaux à partir du papier ci-joint « Twin deficit and sustainability »
Le 12 juillet sur le plan Jefes de Hogar et l’Etat employeur en dernier ressort à partir du papier ci-joint « The Argentina’s Plan Jefes de Hogar »
Le 13 juillet sur les accords de Bâle II à partir du papier ci-joint « Basel II and financial stability: a Minskian approach »
Par ailleurs le fait que l’Etat ne peut normalement avoir d’excédent budgétaire (et est donc normalement en déficit) est tout à fait similaire au fait que les entreprises ne peuvent normalement accumuler de la monnaie et donc ne peuvent réaliser des profits sous forme de gain monétaire.
Cf. le papier que j’ai écrit sur ce sujet version française version anglaise
Ces conférences auront lieu salle Jean Gaudemet, Faculté Jean Monnet, 54 boul. Desgranges à Sceaux, Hauts-de-Seine, tous les jours à 16 heures.
Nous sommes desservis par le RER B (ligne Nord-Sud passant par la station Châtelet-Les Halles), direction et station Robinson (et non pas Sceaux !).
Vous pouvez consultez un plan ici.
Les étudiants sont bienvenus. Malheureusement le prof. Wray s’exprimera en anglais. Mais les interventions de la salle en français seront encouragées.
B. Vallageas

Japan Academy for Asian Market Economies (JAFAME)

10th Annual Conference of Japan Academy for Asian Market Economies
July, 15-16, 2006, Kinki University, East-Osaka, Japan

Conference Theme
Emerging Shape of ‘East Asian Economic Community’?

Since the Asian Crisis of 1997, ‘ASEAN plus 3 (Japan, China and South Korea)’ has become firmly established as a framework for promoting East Asian corporation. The joint statement of 1999 concerning East Asian corporation has accelerated wide range of corporation including not only economic matters like those of trade, investment, currency and finance, but also other fields like those of social development, human resources, science and technology. Moreover, it made political matter such as security problem come within the range of corporation. East Asian Summit of Dec. 2005 in Malaysia will presumably make this move more materialized to become a new phase of the East Asian Community. In the midst of these trends, this conference will deal with the following problems: How can we evaluate the recent move of regional cooperation within East Asia? How far East Asian Community has been forwarded? What kind of societies is it going to make in this region? What is the difference between East Asian Community and European Community (EU)? What difficulty will be on the way to the intended goal? What role can Japan play for this process?
We would like to discuss a wide area of problems around these issues. We are expecting far-sighted, ambitious and heuristic contributions for this conference.
For detailed information workshops program and Call for Participants of JAFAME 2006.doc

Keynote Speech: Emerging Shape of East Asian Economic Community, Nishizawa, Nobuyoshi, Kinki University

The summer school:  Econophysics and Complexity

"The summer school: Econophysics and Complexity" will be held at Sinaia Romania during the 25th August- 2nd September 2006. Its website is
The aim of the international Summer School “Econophysics and Complexity - the meeting of alternative sciences with education and real economy” - to be hold in Caraiman Hotel in Sinaia , Romania during on 25th august -2nd September 2006 is to gather together students and motivated people from different communities (Physics, Economics, Finance, Commerce, Mathematics and Engineering) in order to find out about alternative sciences to be applied at the economic life. The ambition of the organizers is to promote open-minded, fruitful, cross-interdisciplinary knowledge between renowned academics of different fields, market analysts, practitioners and future specialists. The participation will be granted by the Academy of Economic Studies with 5 transferable credit units.
The summer school, doubled by two round tables and daily workshops will focus on topics covered by the field of Alternative Sciences (Econophysics, Complexity, Business Intelligence) which apply methods from Statistical Physics, Non-linear Dynamics and Mathematics to Macro/Micro-Economic Modeling, Financial Market Analysis and Social Problems.
Summer school topics include: Agent-based models: Theory and Simulations Econophysics ; Information, Bounded Rationality and Learning in Economics ; Markets as Complex Adaptive Systems - Evolutionary Economics; Multi-scale analysis and modeling; Non-linear Dynamics and Econometrics; Physics of Risk; Business Intelligence; Science of networks; Statistical and probabilistic methods in Economics and Finance .
Important Dates
Deadline registration first call – June 30, 2006
Notify acceptance - July 15, 2006
Deadline for Registration – July 30, 2006
Deadline for accommodation booking – July 30, 2006
Invited key speakers;
•Prof. Dr. Sorin Solomon - Hebrew University, Israel, ISI Torino Italy – GIACS Project co-ordinator – 
•Prof. Dr. Jeffrey Johnson - Open Univ. London, United Kingdom – vice-president of European Society for Complex Studies - 
•Prof Dr. Mauro Gallegati - Univ. Politechnica delle Marche, Ancona, Italy - 
•Prof. Dr. Gerard Weisbuch - ENS Paris France - 
•Prof. Dr. Massimo Salzano - Universita degli Studi di Salerno, Italy - 
•Prof. Dr. Emmanuel Haven – Essex University, United Kingdom - 
•Prof.dr. Juergen Mimkes - University of Padeborrn, Germany - b6    
•Dr. Eng. Wolfgang Ecker-lala Math-UP.Com, Vienna, Austria - 
•Prof. Dr. Carmen Costea - Academy of Economic Studies, Romania  
•Lect. Dr. Mircea Bulinski - University of Bucharest -

The Constraints to Full Employment Conference

Registration Now Open!

The Constraints to Full Employment Conference
-fiscal policy, WorkChoices and job insecurity
December 7-8 2006. University of Newcastle

Please be advised that you can now register on line for the upcoming Centre of Full Employment and Equity (CofFEE) Conference at:

Please note that there is a special "2 in 1" option available for those who also wish to attend the Society of Heterodox Economists (SHE) Conference 11th - 12th December at the University of NSW.

Don't forget to take advantage of our special "early bird" rates for registrations received before 31st October 2006.


Job Postings for Heterodox Economists

FHTW Berlin – University of Applied Sciences, Germany

Visiting professor – macroeconomics, development studies
Full position opening for minimum 3.5 months, maximum 2 years, conditional on approval by the German Academic Exchange Service (DAAD) by October. Earliest start date is April 2007, start October 2007 (or later) possible. 10 hours per week teaching in English, undergraduate and graduate courses, mainly macroeconomics with focus on developing countries. Helpful would be additional teaching in development studies or money and banking or international economics. Candidates must be non-Germans, have a PhD, teaching experience in English language, and be dedicated to teaching international students; scholars in a heterodox or Post Keynesian tradition are welcome. Knowledge of German language is helpful. Send short letter of interest with CV, teaching records and publication list to Jan Priewe,  by June 20. For background information on the university and the courses visit and

Girton College

Girton College, Cambridge University, is advertising a vacancy for a College
Lectureship in Economics. Candidates must be able to teach Micro or Macro, but the further particulars specify that "The College also has strong Political Economy associations and applicants with knowledge/interest in political economy or history of thought in economics, would be very welcome." Closing date: 23 June.
More info at:
 Alternatively, just email Girton's Director of Studies, Clive Lawson (,) directly if you need further information.

Forum the Spirit of Innovation II

International Symposium "Knowledge, Finance and Innovation"
Dates: September, 26-30, 2006
Location: Dunkerque and Boulogne sur Mer (France)
Organized by: Research Unit on Industry and Innovation - University of Littoral Côte d'Opale - France
Draft program, registration form, venue, social and cultural events on the following website:
Conference languages: French, English (with translation)
A bientôt à Dunkerque et à Boulogne sur Mer!
Information: Blandine Laperche (

Association for Heterodox Economics

Annual Conference July 14-16 2006, London
For registration and full details: 
For list of themes and papers: AHE.doc


Heterodox Conference Papers and Reports and Articles

“A reinterpretation and remedy of Keynes’s liquidity preference theory”

Wenge Huang
Address: Room 2905, Building 4, New Town, 88 Jianguo Road, Chaoyang District, Beijing, 100022, P.R.China

Abstract: The dissension on the mechanism of determination of interest rate is always in the center of much confusion and many controversies of monetary economics. Keynes¡¯s liquidity preference theory remains at the core of the center. This paper starts off with analyzing the inherent logic of liquidity preference theory and presents a new interpretation of the theory in a more logical and clear manner. The reinterpretation clearly indicates the necessity of introducing liquidity preference analysis into determination of interest rate, arguing that it is the liquidity preference analysis based on finance motive, rather than on transactions motive, that plays a more fundamental role in determining interest rate. The paper then points out a crucial and unsolved mistake in Keynes¡¯s liquidity preference theory, i.e. interest rate is indeterminate, which is revealed by introducing finance motive into the theory. Further, the paper develops a logically consistent and integrated model of determination of interest rate on the basis of the liquidity preference analysis centered on finance motive. In this model, interest rate is not determined by the demand for and supply of money, but determined by the demand for and supply of idle money. Paper can be downloaded here.

Keywords: Liquidity preference theory, Finance motive, IS-LM model, Determination of interest rate
JEL classifications: E12, E41, E43

“The Economic Development Benefits of Prevailing Wage”

The Fiscal Policy Institute today released an issues brief (4 pages) on “The Economic Development Benefits of Prevailing Wage”. The full report is available at .
The brief was prepared in connection with a broad-based effort to reform New York State’s 125 local Industrial Development Authorities (IDAs). One component of the New York State IDA Reform Initiative agenda is to extend prevailing wage requirements to IDA-subsidized private construction.
The IDA Reform Initiative is guided by a group of organizations across the state including New York City Jobs with Justice, the Working Families Party, Concerned Citizens for the Environment, Hunger Action Network of NYS, SENSES, Good Jobs New York, the Fiscal Policy Institute and a number of local community and labor organizations in Buffalo, Syracuse and New York City.


Heterodox Journals and Newsletters

New Political Economy

Volume 11 Number 2/June 2006 of New Political Economy is now available on the web site at
This issue contains:

Reframing global governance: Apocalypse soon or reform! David Held

 p. 157

Private-Public Puzzles: Inter-firm competition and transnational private regulation Daniel Mügge

 p. 177

Small business and entrepreneurship in the knowledge economy: A comparison of Australia and Sweden Rachel Parker

 p. 201

The political economy of fascism: Myth or reality, or myth and reality? David Baker

 p. 227

Consultants in the Indonesian state: Modes of influence and institutional implications Natasha Hamilton-Hart

 p. 251

Explaining cosmetic compliance with international regulatory regimes: The implementation of the Basle Accord in Japan, 1998–2003 Hyoung-Kyu Chey

 p. 271

The WTO in Hong Kong: What it really means for the Doha Development Agenda Rorden Wilkinson

 p. 291

Feature review Michael Mann

 p. 305

Notes on contributors

USSEE (United States Society for Ecological Economic) Newsletter

We seek to begin with this new issue, a new stage in the evolution of the USSEE newsletter. We hope to offer the newsletter not only as a means to publicize events, publications and other matters of interest for the ecological economic
membership of the United States (cont.)


The new issue of "NTERVENTION, Journal of Economics“ is available. We now face the third year of existence of our German-English journal.
INTERVENTION sees itself as a forum for heterodox approaches in economic theory and policy. The aims are mutual exchange and the discussion of different perspectives from different economic schools off the economic mainstream. The journal comes out on a half-yearly basis in mid-April and mid-November, respectively.
The “Articles” section of the latest issue features peer-reviewed contributions by Marc Lavoie, Karin Astrid Siegmann, Martina Metzger, and Narciso Tuñez-Area. Additionally, the issue includes in its “Forum” section contributions on reforms of the labour market, on tax policy, and on demographic challenges of the welfare state in Germany as well as on current economic policy in Austria. Also included are assessments of the economic policy and the crisis of legitimacy of the European Union, and an interview with Paul Davidson. The article by Marc Lavoie “Do Heterodox Theories have Anything in Common?” may be downloaded for free at  There you can also find further information on the journal as well as subscription information.
We would be very grateful if you would consider supporting INTERVENTION by starting a subscription – in case you are not already a subscriber. We also would like to invite you to submit papers for the peer-reviewed part of the journal. Please tell friends and colleagues about our journal, and suggest a subscription to a librarian at your institution.
With kind regards,
Sabine Reiner
For the Managing Editors

links to the free downloads:
Article Lavoie:

Levy News

Digital Newsletter of The Levy Economics Institute of Bard College-  May 2006

"Twin Deficits and Sustainability"
No. 2006/3

“Debt and Lending: A Cri de Coeur”
No. 2006/4

“A Random Walk Down Maple Lane? A Critique of Neoclassical
Consumption Theory with Reference to Housing Wealth”
No. 445
“Feminist-Kaleckian Macroeconomic Policy for Developing Countries”
No. 446
“Household Wealth and the Measurement of Economic Well-Being
in the United States”
No. 447
“Gibson’s Paradox II”
No. 448
“The Temporal Welfare State: A Cross-national Comparison”
No. 449
“Extending Minsky’s Classifications of Fragility to Government and
the Open Economy”
No. 450
“Time and Money: Substitutes in Real Terms and Complements in Satisfactions”
No. 451
The Minskyan System, Part I:
Properties of the Minskyan Analysis and How to Theorize and Model a
Monetary Production Economy
No. 452

Talking Economics Bulletin - June 2006, Fair Dealing

The Talking Economics Bulletin consists of news and views on associative economics, including short extracts from Associative Economics Monthly (which is available electronically for £1 an issue at or in a hard copy format - tel (UK) 01227 738207). To unsubscribe from this list, reply or send an email to with 'bulletin unsubscribe' in the subject line.

Arthur Edwards

1) Associative Economics Monthly June 06, Editorial
2) Event Details - in London, Germany, Switzerland, USA
3) Accounting Research
4) Arbeit – Zwischen Kostenfaktor Und Wertschoepfung
5) Ethics with Everything


This issue is focused on the idea that lack of income is fundamentally a matter of pricing. In a world where low pricing is celebrated above all else, is it really any wonder, that there is not enough income available? How differently things would stand if the prices paid for things were enough to enable those who produced them to do so profitably.

The main article, Fair Trade and the Aristotelian Tradition describes a world in which the prices paid do not contain an element of getting somethingfor nothing, which is how one could describe today’s culture of systemic underpayment. Reference is also made to the work of Thomas Aquinas, fromwhom we have the term ‘just price’, and whose heritage is still evident in several modern day schools of thought (e.g. the Austrians and the Association of Social Economists). In counterfactual style, the Rare Albion piece describes the approach to prices in an idealized economic world; while the feature item, Concerning ‘True Price’, has Rudolf Steiner updating the Aristotelian notion by describing the significance for global economic life whether true or falsified prices prevail.

Economic life is founded on the productive initiatives that individuals take, a fact that excludes no one. Making one another profitable is a matter of recognizing and adequately recompensing the initiatives of others, a process that enables them in turn to be able to afford what one offers oneself. This would obviate the need for income support, in which respect the contribution from Goetz Werner entitled Unemployment – An Apparent Dilemma provides a link to the previous edition (on work and income).

In AE and I Mathias Bolt Lesniak describes in a concrete way how associative economics provides an orientating backdrop for the day-to-day business decisions by which he is faced.


Arbeit – Zwischen Kostenfaktor Und Wertschoepfung
Dr. Christopher Houghton Budd, Wirtschaftshistoriker
-- Vortrag - Samstag, 10. Juni 2006, 20 Uhr
-- Seminar - Sonntag, 11. Juni 2006, 11-16 Uhr
Forum Kreuzberg, Koepenicker Str. 174, 10997 Berlin
Information und Anmeldung zum Seminar: Benjamin Kolass, Tel 0179 498 23 98,

Menschen arbeiten, bekommen ihren Lohn, der Lohn erscheint als Personalkosten in der Buchhaltung des Arbeitgebers. Doch Arbeit ist mehr als Erwerb und Kostenfaktor. Durch Arbeit entstehen Produkte und Leistungen, entsteht ein MehrWert fuer die Gesellschaft. – Was ist Arbeit fuer uns? Wie wirkt sie im Wertschoepfungsprozess? Wie beurteilen wir den MehrWert, den Arbeit schafft und wie kann dieser adaequat in der Buchhaltung dargestellt
werden? In seinem Vortrag geht Dr. Christopher Houghton Budd diesen Fragen nach auf der Grundlage von Rudolf Steiners Anregungen fuer die Wirtschaft.
Im Seminar werden die Darstellung der Arbeit in der Buchhaltung, besonders auch der geistigen oder kulturellen Arbeit, genauer bestrachtet sowie Aspekte des Verhaeltnisses von Grundeinkommen und Arbeit eroertert.

Vortrag 12.-, erm. 6.- Euro, in englisch mit Uebersetzung / Seminar 60.-, erm. 40.- Euro, deutsch und englisch, Uebersetzung bei Bedarf. Anmeldung zum Seminar erbeten

9 Jun 2006
The Metamorphosis of Capitalism - An introductory course in associative economics. Fridays, 2 - 5 pm, booking only (Venue below)
3x3x3 - An opportunity to study Rudolf Steiner's Economics Course (Come occasionally or sign for the whole course) Fridays, 7.15 - 9.15 pm (Venue below)
Rudolf Steiner House, 35 Park Road, NW1 6XT London

Sunday 18 June
A presentation by Arthur Edwards given in the context of Rudolf Steiner House open day (entry £6)
2.00 - 2.45pm - Money - of three kinds

A visual introduction to associative economics by Arthur Edwards, co-editor of Associative Economics Monthly
Rudolf Steiner indicated that in a global economy much will depend on how money is understood. Individually and as humanity, we construct the world according to the picture by which we describe it. Money can be made to act as a mirror, allowing one to overcome the one-sidedness that gives rise to an illusory world and to see that only in association can true economic imagery be found.

Events at the Goetheanum, Dornach, Basel, Switzerland, January – June 2006:
Lectures: Thursdays: 8.00-9.30pm, Goetheanum
Beyond competition: The prospects for associative economics today - 29 June

Workshops: Fridays: 9.00–12.00 am, Conference Room, Youth Section House
30th June 2006
For further details contact: Email: / Tel: Christopher Houghton Budd (0044 1227 738207) / Jesse Osmer 061 706 4391 (CH)

Sep 06 - May 07 (7 Sessions)
The Art and Science of Economics Course
Gary Lamb -


Between 4-7th July, a working group meeting will be held at the Centre for Associative Economics at Canterbury, England to review research that is being carried out into the history, deeper meaning, and future development of accounting. This will survey modern developments in accounting in the light of Rudolf Steiner's indications into the nature of money and economic life. The gathering is by invitation only and is for people who have a hands-on familiarity with accounting. Anyone interested to know more should contact Christopher Houghton Budd -


-- Vortrag - Samstag, 10. Juni 2006, 20 Uhr
-- Seminar - Sonntag, 11. Juni 2006, 11-16 Uhr
Dr. Christopher Houghton Budd, Wirtschaftshistoriker
Forum Kreuzberg, Koepenicker Str. 174, 10997 Berlin
Information und Anmeldung zum Seminar: Benjamin Kolass, Tel 0179 498 23 98,

Menschen arbeiten, bekommen ihren Lohn, der Lohn erscheint als Personalkosten in der Buchhaltung des Arbeitgebers. Doch Arbeit ist mehr als Erwerb
und Kostenfaktor. Durch Arbeit entstehen Produkte und Leistungen, entsteht ein MehrWert fuer die Gesellschaft. – Was ist Arbeit fuer uns? Wie wirkt sie im Wertschoepfungsprozess? Wie beurteilen wir den MehrWert, den Arbeit schafft und wie kann dieser adaequat in der Buchhaltung dargestellt werden? In seinem Vortrag geht Dr. Christopher Houghton Budd diesen Fragen nach auf der Grundlage von Rudolf Steiners Anregungen fuer die Wirtschaft. Im Seminar werden die Darstellung der Arbeit in der Buchhaltung, besonders auch der geistigen oder kulturellen Arbeit, genauer bestrachtet sowie  Aspekte des Verhaeltnisses von Grundeinkommen und Arbeit eroertert.

Vortrag 12.-, erm. 6.- Euro, in englisch mit Uebersetzung / Seminar 60.-, erm. 40.- Euro, deutsch und englisch, Uebersetzung bei Bedarf. Anmeldung zum Seminar erbeten


Writing from the World Economics Forum in Davos last year, Times columnist Gary Duncan wryly commented that it was a case of ‘ethics with everything’ as if in the business community today one dare not stand up and speak without shouting out one’s benign intentions. The ever increasing number of ethical’ companies bears witness to this phenomenon, ‘ethical’ here meaning that the word ‘ethical’ is somehow used in conjunction with the company name viz The Ethical Property Company, The Ethical Travel Guide, The Ethical Partnership and so on … but such an observation is not intended to belittle the word, rather to put the question: what does ethical mean?
...for the rest of this piece, see

Historical Materialism: Research in Critical Marxist Theory

Announcing issue 14.1
Historical Materialism
Research in Critical Marxist Theory

Volume 14 Issue 1

- Andrew Burke- Nation, Landscape, and Nostalgia in Patrick Keiller's Robinson in Space
- Symposium: On Costas Lapavitsas's 'Social Foundations of Markets, Money and Credit'
- Jim Kincaid Finance, Trust and the Power of Capital: Editorial Introduction to the Symposium on Lapavistas
- Gary Dymski, Money and Credit in Heterodox Theory: Reflections on Lapavitsas
- Dick Bryan and Michael Rafferty, Money in Capitalism or Capitalist Money?
- Makoto Itoh, Political Economy of Money, Credit and Finance in Contemporary Capitalism - Remarks on Lapavitsas and Dymski
- Kazutoshi Miyazawa, Anarchical Nature of the Market and the Emergence of Money
- Costas Lapavitsas, Power and Trust as Constituents of Money and Credit-
- Interventions: Replies to Ana Dinerstein on the Argentine Crisis
- Guido Starosta, Editorial Introduction
- Alberto Bonnet, ¡Que se vayan todos! Discussing the Argentine crisis and insurrection
- Juan Iñigo Carrera, Argentina: The Reproduction of Capital Accumulation Through Political Crisis
- Juan Grigera, Argentina: On Crisis and a Measure for Class Struggle

Review Articles

- Paresh Chattopadhyay, Martin Thomas on Stephen A. Resnick and Richard D. Wolff's Class Theory and History: Capitalism and Communism in the USSR
- Alan Freeman on Guglielmo Carchedi's For Another Europe: a Class Analysis of European Economic Integration
- Loren Goldner on Christophe Bourseiller's Histoire générale de l'ultra-gauche
- Christopher May on Mark Poster's What's the Matter with the Internet?
- Historical-Critical Dictionary of Marxism
TEL: +31 (0)71 53 53 566
FAX: +31 (0)71 53 17 32



Capital and Class

Issue 89, Summer 2006: Market, Class and Society



Martin Upchurch
State, labour and market in post-revolution Serbia.

This article looks at the trade union strategies developing in Serbia since the anti-Milosevic revolution of October 2000.It examines the interplay between the forces of state and market, and explores the lessons for trade unions in transformation economies.

Hazel Conley
Modernisation or casualisation? Numerical flexibility in public services

This paper focuses on research data that highlights the way numerical flexibility undermines key aspects of public service delivery and the modernisation agenda, such as equal opportunities and recruitment and retention. It argues that the poorer terms and conditions of temporary workers provide additional support for trade union claims of the existence of a 'two-tier workforce' in local government.

Steve Fleetwood
A critical-realist-socioeconomic perspective

This article offers a critique of mainstream theories of labour markets, and presents a critical-realist alternative assessment. The author argues that labour markets are inextricably related to the social structures that create them.

Peter Nielsen and Jamie Morgan
From mainstream economics to the boundaries of Marxism

This paper explores Marxism and critical realism by addressing Ben Fine's Addressing the Critical and the Real in Critical Realism. Using Fine's argument as a starting point, the authors take the opportunity to clearly define the parameters of the Cambridge-based critique of mainstream economics.

Ben Fine
Debating critical realism in economics

In offering a rejoinder to Nielsen and Morgan, Ben Fine argues once more that the relevance of critical realism for advancing the prospects of political economy rests on its moving beyond the methodological critique of deductivism alone in order to address issues of economic theory.

Matt Hampton
Hegemony, class struggle and the radical historiography of global monetary standards

In this article, the author argues that a radicalised power politics pervades the Left's analysis of global monetary standards, and proposes an alternative framework that places the class relation between capital and labour at the forefront in explaining the rise and fall of these monetary standards.

Mike Bessler
Research note on the Marxists Internet Archive

The Marxists Internet archive brings together people of widely diverging views behind the common goal of creating and maintaining the world's largest digital library of Marxist works. This article comprises a brief account of the content, organisation and usefulness of the MIA.


Alastair Rainnie
on G Healy et al's The Future of Worker Representation

Lewis Higgins
on Michael Albert's Parecon: Life After Capitalism

Jonathan Joseph
on Ellen Meiksins Wood's Empire of Capital

Luis M. Pozo
on Patrick Bond and Masimba Manyanya's Zimbabwe's Plunge: Exhausted Nationalism, Neoliberalism and the Search for Social Justice

The Economics of Peace and Security Journal

The Economics of Peace and Security Journal (EPSJ) is a new, online journal that addresses all issues related to the political economy of personal, communal, national, international, and global peace and security. The scope includes implications and ramifications of conventional and non-conventional conflict for all human and non-human life and for our common habitat. Special attention is paid to constructive proposals for conflict resolution and peacemaking. While open to non-economic approaches, most contributions emphasize economic analysis of causes, consequences, and possible solutions to mitigate and resolve conflict.

EPSJ is aimed at both specialist and non-specialist readers, including policy analysts, policy and decision makers, national and international civil servants, members of the armed forces and of peacekeeping services, the business community, members of non-governmental organizations and religious institutions, and other interested parties. Contributions are scholarly-based, but written in a general-interest style. Please distribute this announcement widely to your colleagues in the relevant constituencies.

Our advisory board and associate editors include ten Nobel-Laureates and an international selection of renowned experts in the field. The first issue – on conflict and development - is available free of charge at Shortly, there will also be an extensive book review section (for interactivity, this will allow you to comment on previous reviews). A call for volunteers to review books will soon be on the site as well, and other valuable services are being introduced as the site becomes established.

Vol. 1, No. 2 on economic aspects of peacemaking and peacekeeping is in preparation with expected publication in late June 2006. Planned issues include (a) military, civilian and commercial uses of outer space, (b) arms production and trade, (c) the economics of nuclear weapons, and (d) maritime security. We welcome your suggestions and proposals for themes, symposia, or stand-alone articles. Please visit the web site for details.
For membership, see

Jurgen Brauer (Augusta, GA, USA)
J. Paul Dunne (Bristol, UK)
EPSJ Editors

PERI In Focus Summer 2006

Table of Contents
1. An Employment-Targeted Economic Program for South Africa
2. Human Development in the Era of Globalization
3. New Release of the Corporate Toxics Information Project
4. New Estimates of the Ripple Effects of Minimum Wage Laws
5 .In the Wake of the Storm: Environment, Disaster, and Race After Katrina
6. PERI Working Papers and other Publications
7. Announcements (at left)

For detailed information:

June 2006 of Review of Social Economy

Volume 64 Number 2/June 2006 of Review of Social Economy is now available on the web site at
This issue contains:

Adam Smith's Ethics and the “Noble Arts” 1 Jonathan B. Wight

 p. 155

Poverty as social deprivation: a survey Nyiwul Mabughi, Tarek Selim

 p. 181

Growth and conflict in the developing world: Neo-liberal narratives and social-economy alternatives Martha A. Starr

 p. 205

John Stuart Mill's Political Economy: Educational Means to Moral Progress Rudi Verburg

 p. 225

Was Mises right? Peter T. Leeson, Peter J. Boettke

 p. 247

Book Review Mariano Torras

 p. 267


 p. 271

If you are not a current subscriber to this publication, you can request a free sample issue here.
NEW Free 2006 Economics Journals Catalogue - view it here


Heterodox Books and Book Series


Gunnar Heinsohn and Otto Steiger, Eigentumsökonomik (Property Economics), Marburg: Metropolis, 2006, 270 pp., index, English abstract, € 23.80. Although written in German, book contains a long English abstract that is attached. The abstract gives a good account of what the heterodox approach of "Property Economics" is about.

GDAE Books

The Global Development and Environment Institute at Tufts University (GDAE) is pleased to announce new teaching materials in environmental and social issues:



“The book is simply great! It is really one of a kind. It fills an important need in the field, which will become more and more important in the future, no doubt – integrating standard environmental economics and ecological economics.”
-- Rafael Reuveny, School of Public and Environmental Affairs at Indiana University

50 Major Economists

The second edition of Steven Pressman's 50 Major Economists was published in May 2006 by Routledge. It is available both in hardback and in paperback. The book includes chapters on the main figures in the history of economic thought, discussing their backgrounds, their economic contributions, and their place in the history of the discipline. It also includes chapters on numerous contemporary economists and has a distinct heterodox slant to it. Besides Marx, Veblen, Sraffa and Keynes, there are also chapters on John Kenneth Galbraith, Joan Robinson, Nicholas Kaldor, Barbara Bergmann, Amartya Sen, Doug North, Joe Stiglitz, and Daniel Kahneman

Macroeconomics in Context Preliminary Edition on the Web

Nine chapters are now available electronically on the Web. The remaining chapters will be available by September. You can use this as your class text this fall by downloading the whole book, or individual chapters, at no cost to you or your students.

One user of early drafts says:
"Macroeconomics in Context is the best text I've seen for undergraduate teaching…By paying attention to the challenges we face today, such as environmental degradation and social issues, students readily see why and how economics is important to learn."
--Valerie Luzadis, SUNY Syracuse

The State of Working America 2004/2005

Paperback: $24.95 (plus $4.00 shipping/handling) SALE PRICE: $10.00
Prepared biennially since 1988, EPI's flagship publication sums up the problems and challenges facing American workers, presenting a wide variety of data on family incomes, taxes, wages, unemployment, wealth, and poverty—data that enables the book's authors to closely examine the impact of the economy on the living standards of the American people. With over 300 tables and charts, The State of Working America 2004/2005 is an exhaustive reference work that will be welcomed by anyone eager for a comprehensive portrait of the economic well-being of the nation.

Railroading Economics: The Creation of the Free Market Mythology

by Michael Perelman

Book Description
Most economic theory assumes a pure capitalism of perfect competition. This book is a penetrating critique of the rhetoric and practice of conventional economic theory. It explores how even in the United States-the most capitalist of countries-the market has always been subject to numerous constraints.

Perelman examines the way in which these constraints have been defended by such figures as Henry Ford, J. P. Morgan, and Herbert Hoover, and were indeed essential to the expansion of U.S. capitalism. In the process, he rediscovers the critical element in conservative thought that has been lost in the neoliberals present. This important and original historical reconstruction points the way to a discipline of economics freed from the mythology of the market. --This text refers to the Hardcover <> edition.

About the Author
MICHAEL PERELMAN is professor of economics at California State University at Chico, and the author of fifteen books, including Steal This Idea: Intellectual Property Rights and the Corporate Confiscation of Creativity and The Perverse Economy: The Impact of Markets on People and the Environment.

* Paperback: 224 pages
* Price: $20.00
* Publisher: Monthly Review Press (May 30, 2006)
* Language: English
* ISBN: 1583671358


Heterodox Associations, Institutes, and Departments

Korean Social and Economic Studies Association (KSESA)

Korean Social and Economic Studies Association (KSESA) is a heterodox economics association established in 1987. KSESA publishes The Review of Social & Economic Studies (in Korean, two times a year) and Korean Journal of Political Economy (in English, once a year). The current president of the association is Dr. Jin-Do Park (Chungnam National University, ), the journal editor is Dr. Man-Seop Park (Korea University, 

The  association web page: 
Phone: +82-2-598-4652 Fax: +82-2-598-4653

The latest issue of Korean Journal of Political Economy (Issue 3, Feb. 2006) contains four articles:
1. The Political Economy of Corporatism /Geoff Dow
2. Reflection on Marx's Theory of "Buying and Selling of Labor Power" and Its Tactical Implications for Labor Relations in Korea / Shin Joon Gang
3. Industrial Relations and Anti-Privatization Movement in the Korean Public Sector /Sang Kon Kim
4. Keynesian Money Demand, Marxian Money Hoarding, and the Purchase of Gold    /Chai-On Lee


For Your Information

Otto Steiger

Otto Steiger has been awarded the K. William Kapp Prize 2006 of the European Association of Evolutionary Political Economy (EAEPE) and the William Kapp Foundation for his article, "Property Economics versus New Institutional Economics: Alternative Foundations of How to Trigger Economic Development", Journal of Economic Issues, 40.1, (March, 2006), pp. 183-208.

Professor John Milios

The attachment, from Professor John Milios in Greece (who has published articles in RM and also translated and published Steve and my CLASS THEORY AND HISTORY in Greece last year) is self-explanatory. A sign of how far things have proceeded and something US academics and others should know about.

Richard Wolff

"The Distorted Priorities of Mainstream Economists."

Many of you will have already seen the recent Toronto Star column by two eminent Canadian economists, Arthur Donner and Douglas Peters, on "The Distorted Priorities of Mainstream Economists." For those who may have missed it, the column is available in theaccompanying attachment.

Fletcher Baragar
PEF Past-Chairperson

Papers for "Conference Developments in Economic Theory and Policy"

Attached is the preliminary list of papers accepted for their presentation at the Conference Developments in Economic Theory and Policy (Bilbao, 6-7, July 2006).