Issue-31, September 12, 2006

From the Editor

I am sorry about the delay in sending out this issue of the Heterodox Newsletter. Ergun, my assistant who actually puts the Newsletter together, decided to get married last week instead of working on it—he made the right decision.

It is the time of year when many of you are registering for the ASSA meetings that will be taking place in Chicago on the 5-7 January 2007. Just a reminder when you do register that you register as a member of the Association for Social Economics (ASE). As you know, the registration payments are divided among the 6 founding organizations of the ASSA, and AEA gets all of the "other" and all of those that do not put down anything. The distribution of the payments for the 2005 meetings is the following:

AEA 68.6%    $52,418
AAEA 1.8%       1,347
AFA 16.8%     12,828
ASE 1.3%           990
ES 6.5%          4,929
LERA 5.2%      3,950

When I get the distribution for the 2006 ASSA meetings in Boston, I will post it in the Newsletter. In any case, as you can see, ASE gets a very small amount of the total, but what it gets it spends on heterodox economics. Thus the more of you that register for the ASSA as ASE members, the more money ASE can get to spend on heterodox economics.(Registration for the ASSA:  go to and then look on the left for Annual Meeting and then Registration Form.)

On Thursday, January 4, at 6:30 pm in the Swissotel Grand Ballroom I and II the ASE is holding its plenary session and invites all heterodox economists and economists interested in pluralism to attend. The speaker is Prof. John M. Gowdy of Rensselaer Polytechnic Institute and the title of his presentation is "Behavioral Economics and Sustainability." For more on John Gowdy see: After the presentation, there will be a reception sponsored by ASE and ICAPE. I hope all of you that are planning to attend the ASSA meeting will come to the plenary and stay for the reception—I would like to meet you.

ICAPE is undertaking its annual membership drive. Letters have been sent to various organizations asking them to renew their membership or have been invited to become a member. If you would like to have your organization/group become an ICAPE associate, please let me know and I will send a letter inviting them to join. In addition, its informational web page has been extensively redesigned and includes both its activities and sketches of its member associates ( Take a look at it—you might find it interesting. In addition, ICAPE sponsors a cooperative booth at the ASSA meetings and this booth needs volunteers to staff it. The booth is the perfect place for the various heterodox organizations/groups that are ICAPE associates to display information about themselves and have books etc. for sell. The booth is also a great place to meet other economists with interest in pluralism in economics. If you want to volunteer for staffing the booth, please fill out the attached form and return it to me. Also if you want to have material etc. displayed at the booth, please tell so that I can plan the booth. Finally, there is the upcoming ICAPE Conference on Economics Pluralism for the 21st Century. The Call for Papers is found below.

The Newsletter is quite large this time, so it impossible highlight all the interesting things in it. But I would like to call to your attention the Institutional Economics Workshop in honor of Allan Schmid. In addition, there are many new call for papers, jobs wanting heterodox economists, books and newsletters to examine, and new heterodox associations you be aware of.

I hope you find the Newsletter interesting.

Fred Lee

In this issue:

  - Call for Papers

          - 5th Society of Heterodox Economists Conference
          - World Congress of Social Economics
          - Institutional Economics Workshop in Honor of Allan Schmid
          - Labour and the Challenges of Development
          - Creating Sustainability Within Our Midst: Challenge for the 21st Century
          - Green Economics Institute
          - Association for Institutional Thought [AFIT]
          - RETHINKING MARXISM 2006
          - The Constraints to Full Employment Conference
          - Economic Pluralism for the 21st Century
Conferences, Seminars and Lectures

          - Buddhist Economics
          - European Integration in Crisis
          - 26th VIPE Conference
          - SCEME Workshop
          - Colloque Association d'économie politique 2006
          - Poverty and Capital
          - Innovation, Competition & Growth

  Job Postings for Heterodox Economists

          - Center for Labor Studies, New York City
          - The School of Urban and Public Affairs
          - San Jose State University
          - Texas Christian University
          - The University of Wisconsin-Madison
          - Macroeconomic Policy Institute (IMK)
          - University of Michigan, Dearborn
          - Analyst, Economics
          - Visiting Lecturers, University of Greenwich, London

   - Heterodox Conference Papers and Reports and Articles

          - The Impact of Undercounting in the Current Population Survey

  - Heterodox Journals and Newsletters

         -  URPE Newsletter
         - New Political Economy
         - Journal of the History of Economic Thought
         - State of Working America 2006-07
         - Levy News
         - USBIG Newsletter
         - The Talking Economics Bulletin
         - International Review of Applied Economics

  - Heterodox Books and Book Series      

          - Advances in Heterodox Economics
          - Pluto Press
          - Post Keynesian Price Theory
          - Money, Financial Instability and Stabilization Policy
          - Macroeconomics in Context
          - Kicking Away the Ladder
          - Russia’s Oil and Natural Gas
          - Reforming the Governance of the IMF and the World Bank
          - Book Review: Applied Evolutionary Economics and the Knowledge Based Economy.
          - European Economic Policies - Alternatives to Orthodox Analysis and Policy Concepts
          - The Political Economy of U.S. Militarism
          - Le nouveau mur de l'argent : essai sur la finance globalisée
          - The Field Guide to the U.S. Economy

   - Heterodox Web Sites

          - Vereniging Institutionele en Politieke Economie

   - Queries from Heterodox Economists

          - Journal of Heterodox Economics Education

  - For Your Information

         - The Fulbright Scholar Program
         - Ego Inflation


 Call for Papers

5th Society of Heterodox Economists Conference

The University of New South Wales will host the 4th Society of Heterodox Economists Conference December 11 and 12. This year's conference will have both refereed and non-refereed papers. The deadline for submission of abstracts of refereed papers is Friday October 20 and for the submission of abstracts of non-refereed papers is Friday November 3. Further details are available from the Conference website.
Conference Symposia: The following symposia and calls for papers are being organised for the SHE Conference, in addition to the general sessions. If you would like to contribute in any way to any of these sessions, please get in touch with the designated contact person. (For detailed information: SHEConf.doc)

The Australasian Chapter of the International Association for Feminist Economics is organising several paper sessions at the 5th Conference of the Australian Society for Heterodox Economics on 11–12 December 2006. (For detailed information: Australasian.doc)
Registration for the Conference is also open.

Conference website:
SHE Website:

Peter Kriesler
School of Economics
University of NSW
Sydney NSW 2052

World Congress of Social Economics

Twelfth World Congress of Social Economics will be held in Amsterdam in June 8-10, 2007. The Call for Papers is on the ASE website at  The World Congress is sponsored by ASE.

Institutional Economics Workshop in Honor of Allan Schmid

A workshop on Institutional Economics will be held at Michigan State University next March. The web page for the workshop can be found at

Institutional Economics web page--

Labour and the Challenges of Development

The University of the Witwatersrand (WITS) in Johannesburg South Africa as part of the Global Labour University initiative will be hosting a conference entitled "Labour and the Challenges of Development" from the 1st - 3rd April 2007.
For detailed information: call_for_papers_glu_2007.pdf and GLU_flyer.pdf

Creating Sustainability Within Our Midst: Challenge for the 21st Century

USSEE Conference in New York City, 23-27 June 2007

The 4th biennial conference of the United States Society for Ecological Economics (USSEE) will take place in downtown New York City on the campus of Pace University. Partnering with Pace's Institute for Regional and Environmental Studies as a co-sponsor, the conference will offer a variety of themes and special symposia featuring our collective interests as well as regional issues and amenities.

Those interested in proposing symposia, workshops, and field trips should contact the conference committee (  For more information visit

Potential topics at the conference include the ecological economics of climate change, energy, biodiversity, ecosystems (such as estuaries) and resource systems (e.g., fisheries and forestry); valuation methodologies and issues thereof; population concerns; regional studies of sustainable development; greening the building industry; green entrepreneurship; and education in ecological economics and sustainability.

Additionally, we hope to bring in some prominent keynote speakers to raise the visibility of the conference and the USSEE.

The venue, Pace University's downtown campus ( ), is in the heart of lower Manhattan near Chinatown, South Street Seaport, and the financial district. Pace offers air-conditioned dormitory rooms that will help attendees on limited budgets; in addition, we anticipate getting discounted rates at several local hotels. We also hope to enable participants to purchase CO2 sequestration credits to offset the impacts of traveling to the conference.

We invite appropriate co-sponsorship and underwriting. If interested, please contact .

Green Economics Institute

Economics as if people mattered

In association with Mansfield College, Oxford University, Oxford, Pluto Press Publishers, Inderscience Academic Publishers

You are especially invited to participate in :- Three Days of Green Economics Conferences at Mansfield College, Oxford University, UK

Day One
Global Networking for Change
Special day for The Green Economics Institute¹s Contacts and Branches Monday 2nd April 2007

The Green Economics Institute now has a fast growing network in 30 countries of people across the globe, working for change. This day is to enable you to meet other like-minded people and find out what exciting activities you might enjoy, which could work for change globally and in your country.

Welcome and coffee
Introduction to the GEI team and the Institute What is Green Economics?
Accreditation with the Institute and membership
Lunch at traditional pub
How the global network can develop and what are the benefits of being involved Role of the contacts and branches Parliamentary lobbying and campaigning

How to set up a branch ¬ what support the GEI can give Opportunities ¬ including book and journal articles, conferences, speaking, research, projects, training, websites Where do we go from here?

Admission £15 for the day, including tea and coffee.
Excluding accommodation

This will be followed by two days of conference open to the public Days two and three Green Economics Conference 3rd and 4thth April 2007

Themes include:-
The importance of Innovation and its impact on Economics,

Behavioural economics
Sustainable Cities with David Hammerstein Spanish MEP,

Feminism and Green Economics
Green Economics and Climate Change

Please email regarding admission charges.

Accommodation can be arranged in the college. Please email to enquire about rates and availability To book to attend the branches day, please email the Institute asap to reserve a place. To apply to speak, submit a paper or run a workshop or a stall, please also email the Institute on:- .
Admission must be pre booked. Please email for charges which are still being developed.
Accommodation available in the Oxford Colleges and might be arranged with local people if required but spaces limited so please book early.
For further details
please email Miriam Kennet, Institute Director  and Judith Felton Branches Manager for the Institute :  0044 (0)7990 590463

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: CallForPapers2007.doc)
Deadline for proposal submission: December 1, 2006


Please join with Ernesto Laclau, Ella Shohat, Antonio Callari, Susan Buck-Morss, Kojin Karatani, Stephen Cullenberg, Liza Featherstone, Sut Jhally, Trebor Scholz, Julie Graham, Warren Montag, Barbara Foley, Rick Wolff, Susan Jahoda, Stephen Resnick, Paresh Chattopadhyay, Fawzia Afzal-Khan, David F. Ruccio, Bread & Puppet Theater, Bob Jessop, Carole Biewener, Robert Albritton, Drucilla Barker, Doug Henwood, Julie Matthaei, Mary-Louise Pratt, Bertell Ollman, Paddy Quick, Bruce Roberts, Randy Martin, Susan Feiner, George DeMartino, Deirdre McCloskey, Suzanne Bergeron, Jonathan Nitzan, Todd McGowan, Jack Amariglio, Fikret Adaman, Jonathan Diskin, Ceren Ozselçuk, Clyde W. Barrow, Eiman Zein-Elabdin, Mark Crispin Miller, Hasana Sharp, Joel Kovel, Richard Lichtman, Ulla Grapard, Yahya Mete Madra, Lynn Chancer, Beverly Best, Ayreen Anastas, John Roche, Harriet Fraad, Gregg Bordowitz, Jesal Kapadia, Lauren Langman, Masato Aoki, Richard McIntyre, Cathy Mulder, Michael Hillard, Vin Lyon-Callo, Ashley Hunt, Jenny Perlin, Lin + Lam, Satya Gabriel, Serap Kayatekin, and hundreds of others.  (For detailed information: rm06.doc)


The Constraints to Full Employment Conference

- fiscal policy, WorkChoices 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 deadline for abstracts will expire at the end of September.

Ken Davidson, Economics columnist for the Melbourne Age and Joint Editor of Dissent. Ken will present a broad ranging talk about the years of neo-liberalism in Australia - their logic, their outcomes and more.

Prof. Randy Wray, University of Missouri, USA

Several other Keynote speakers will be confirmed in the coming few weeks.

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

For information about CofFEE go to: 

To register for the CofFEE Conference Online go to:

Economic Pluralism for the 21st Century

Soon to celebrate its 13th birthday, ICAPE (the International Confederation of Associations for Pluralism in Economics) is an international consortium dedicated to the active promotion of intellectual pluralism in economic education and scholarship.

Next June (1-3) on the campus of the University of Utah in beautiful Salt Lake City, ICAPE will host its second international conference, "Economic Pluralism for the 21st Century."

We invite proposals for papers and panels that address the value (or
costs) of economic pluralism in any of its domains: economic theory and philosophy, economic institutions and policies, or economic education.

For further details -- including a list of plenary sessions -- please see the attached documents, visit our website , or contact one of the organizers:

Al Campbell (
Wilfred Dolfsma (
Edward Fullbrook (
Rob Garnett (
Neva Goodwin (
John Henry (
Mary King (
Fred Lee (
Ed McNertney (
Judith Mehta (
Erik Olsen (
Martha Starr (


Conferences, Seminars and Lectures

Buddhist Economics

An upcoming workshop on Buddhist Economics (December 12-13, 2006)
For detailed information: Registration Form - 2006.doc and Conference Agenda - Beyond Schumacher.doc

European Integration in Crisis

The Research Network 'Alternative Macroeconomic Policies' would like to invite you to participate in its 10th workshop:

European Integration in Crisis,
Berlin, 27 - 28 October 2006,
Best Western Hotel Steglitz International, Albrechtstr. 2, 12165 Berlin.
Please find the preliminary conference programme and the registration form attached. Conference papers and further information on the conference will be made available on the conference website:

There are no conference fees. Meals will be covered by the Hans Boeckler Foundation. Participants have to cover their travelling and hotel costs.

If you would like the Hans Boeckler Foundation to make hotel reservations for you, please note that we need your requirements until 22 September 2006. Having registered you will receive the details for the hotel, how to get there etc. in early October. Payments will have to be made with the hotel in Berlin.
For detailed information:
10 WS Formular_FN. pdf and 10 Workshop 2006 - preliminary conference program.pdf

26th VIPE Conference

Vereniging Institutionele en Politieke Economie (


Friday 10 November 2006, University of Twente, Enschede

This conference will be organized by the Institute for Governance Studies of the University of Twente. For more information please contact

SCEME Workshop

The program for the SCEME Workshop on 'Rationality and Individuality in Economics' in Stirling on 27 October is now available at the following address, along with registration details and background

Colloque Association d'économie politique 2006

Halte à la retraite! ŠŠDe la « culture de la retraite » à la gestion des âges !

Lieu : amphithéàtre du 200 rue Sherbrooke ouest
Les 6 et 7 novembre 2006
Ce colloque s'interroge sur les conséquences du vieillissement de la population, mais plus particulièrement sur les fins de carrières, telles qu'elles sont vécues et telles qu'elles sont souhaitées. Certains se demandent si la codification des savoirs et le Knowledge management n'entraînent pas une substituabilité plus forte entre différentes catégories de main-d'¦uvre, un remplacement plus facile des travailleurs expérimentés par des plus jeunes ? Des données seront aussi présentées pour déterminer si les sorties précoces d'activité sont souhaitables, pour les individus comme pour la société. On se demande notamment si le désir de pré-retraite n'est pas lié autant sinon plus à la souffrance au travail, aux mauvaises conditions de travail, à l'absence de formation en emploi, etc. Šqu'au vieillissement ? On se demande si de nouvelles organisations du travail et conditions de travail plus souples permettraient d'améliorer la fin de vie active.
For detailed information, click here.

Poverty and Capital

Global Poverty Research Group and Brooks World Poverty Institute Conference to be held at Hulme Hall, University of Manchester
2 – 4 July 2007
Poverty and Capital
Information and call for papers (deadline: 20 December 2006):

Innovation, Competition & Growth

11th ISS Conference
The 11th International J. A. Schumpeter Society (ISS) Conference in Sophia-Antipolis (Nice Côte-d'Azur), France on December 22-24, 2006 is organized along the themes of "Innovation, competition and growth: Schumpeterian perspectives.


Job Postings for Heterodox Economists

Center for Labor Studies, New York City

TITLE:Assistant Professor of Labor Studies

LOCATION: Harry Van Arsdale, Jr. Center for Labor Studies, New York City


As an innovative leader in nontraditional education, Empire State College was founded in 1971, and is accredited by the Middle States Association of Colleges and Schools. The college enrolls 17,000 students in its associate, bachelor’s and master’s degree programs at over 35 locations throughout New York State and around the world. The Harry Van Arsdale Center for Labor Studies is located in New York City. We seek a faculty member for a tenure-track position.

The successful candidate will have a doctoral degree in sociology, anthropology, or social relations and a demonstrated interest in working collaboratively in an interdisciplinary setting that emphasizes the study of labor and the working-class presence both in the US and globally. In addition to teaching and advising adult students, the successful candidate will participate in the coordination and development of undergraduate liberal arts curricula and programs of study for adult wage earners and union members in a variety of occupations. The successful candidate will have experience and/or interest in non-traditional and adult education.

Ph.D. or equivalent terminal degree in sociology, anthropology or community or social relations and a demonstrated commitment to adult education. The successful candidate will be computer literate, have experience with on-line communication and have strong organizational skills.
Strong preference will be accorded to candidates who have demonstrated experience advocating for worker’s rights and the ability to work in a wide range of subjects within the discipline.
SPECIAL INFORMATION: Some travel and occasional evening hours required.
RANK/SALARY: Assistant Professor/mid fifties range, Tenure-track
APPLICATIONS DUE BY: October 13, 2006
ANTICIPATED START DATE: Between January and July 2007

The School of Urban and Public Affairs

The School of Urban and Public Affairs at the University of Texas at Arlington invites applications for a tenure or tenure track faculty position at any level, with appointment effective September 2007.
Appointment at the Associate or Full Professor level requires completed doctoral degree and appropriate experience; appointment at the Assistant Professor level requires doctoral degree completed by time of appointment or ABD. Applicants must be qualified to teach in the general area of urban affairs/policy, urban public administration, or urban planning. We seek an individual with strong theoretical interests, as well as research strength in qualitative or quantitative research methods, along with an interest in applying those intellectual skills to addressing and resolving issues in the urban arena. We are especially interested in candidates who would contribute to the School’s racial and ethnic diversity and whose research and teaching interests relate especially to the dynamics of race and class in the urban arena.

The School offers excellent teaching and research support; and its location in the heart of the Dallas-Fort Worth metropolitan area provides an ideal urban laboratory for research, teaching, and community service. The School, with an interdisciplinary faculty, offers Doctoral Degrees in Urban and Public Administration, and Urban Planning and Public Policy, as well as Masters degrees in Urban Affairs, Public Administration (accredited) and City and Regional Planning (accredited).

A letter of application indicating research and teaching interests, vitae, and three letters of recommendation, should be sent to Dr.
Sherman Wyman, Chair, Search Committee, School of Urban and Public Affairs, Box 19588, The University of Texas at Arlington, Arlington, Tx, 76019-0588, or . Review of applications begins November 1 and continues until the position is filled. The University of Texas at Arlington is an Equal Opportunity/Affirmative Action Employer.

San Jose State University
 Applied Economics
 Department of Economics
 Job Opening ID (JOID): 012530

For detailed information: San Jose State University.doc

Texas Christian University

O54- Economywide Country Studies, Latin America

The Department of Economics at Texas Christian University invites applications for a chaired professorship in Latin American Economics.
This position is scheduled to begin in August 2007. We seek senior-level candidates with an active and professionally-recognized program of academic research in Latin American economics and a record of leadership, teamwork, and collegiality. Successful candidates will have a strong commitment to teaching undergraduate economics in a liberal arts environment. In addition to the maintenance of an ambitious research agenda, the chair holder will be expected to teach four courses per year and engage in academic leadership within the department and across the university at large.

Departmental representatives will be interviewing candidates at the American Economics Association meetings in Chicago. Interested individuals should send a letter of interest and a vita:

Dr. John T. Harvey, Chair
Department of Economics
TCU Box 298510
Texas Christian University
Fort Worth, TX 76129

Web site for TCU Economics:

TCU is an AA/EEO employer. Applications from women and minority group members are especially encouraged.

The University of Wisconsin-Madison

College of Letters & Science invites applications for a position in the area of economic sociology, open rank, beginning August, 2007.
This position is part of the Chancellor’s interdisciplinary cluster initiative in economic sociology ( ). Applicants with specialization in all areas of economic sociology are encouraged to apply. Tenure home will reside within the department best suited to the applicant’s area of interest. Ph.D. in a social sciences field is required prior to the start of the appointment. Applicants for a tenured appointment must have demonstrated excellence in research, teaching and service. Responsibilities include teaching at the undergraduate and graduate level, performing scholarly research, participation in faculty governance activities, and performing University and professional service as appropriate. Submit a letter of application, CV, three letters of recommendation, and a list of published or unpublished manuscripts available for inspection to: Joel Rogers, Chair, Recruitment Committee, Economic Sociology Cluster Search, University of Wisconsin-Madison, 1180 Observatory Drive, Madison, WI 53706-1393. To ensure full consideration, materials must be received before November 1, 2006. Unless confidentiality is requested in writing, information regarding applicants must be released upon request. Finalists cannot be guaranteed confidentiality. AA/EOE. Women and minorities are urged to apply.

Macroeconomic Policy Institute (IMK)

A job offer of the Macroeconomic Policy Institute (IMK) in the Hans Boeckler Foundation for an economist in International Economics and Economic Policy (

University of Michigan, Dearborn

One tenure track opening for a position at the Assistant Professor level. The primary area of teaching responsibility is Economic History.
Preferred secondary areas of teaching interest include the history of economic thought and microeconomics. Additional opportunities exist to teach in the Master of Public Policy and/or Science and Technology Studies programs. The Economics program is located within a multi-disciplinary Department of Social Sciences that includes History and Political Science.

Teaching load is three courses per semester, including core courses-principles of economics and intermediate microeconomics.
Individual classes in all Economics courses are capped at 35 students. A

Ph.D. in economics or evidence of its impending completion is required.
Additional selection criteria include demonstrated potential for and commitment to teaching talented and diverse undergraduates, as well as the ability to sustain a productive research agenda. Appointment effective September 1, 2007. Salary is competitive. Applicants should send a cover letter, vita, unofficial copy of graduate transcript, three

letters of reference, a summary of teaching evaluations (if available), and a writing sample to: Chair, Economics Search Committee, University of Michigan Dearborn, 4901 Evergreen Rd., Dearborn MI 48128-1491. We will interview at the ASSA meetings in Chicago. Applications should be received by December 5, 2006 to ensure full consideration.

The University of Michigan-Dearborn currently enrolls approximately 8,700 students in bachelor's and master's degree programs. The University is one of three campuses - along with Ann Arbor and Flint - in the University of Michigan system. Faculty and students have the opportunity to collaborate across all three campuses in research and scholarly activity. UM-Dearborn is located ten miles west of Detroit and

thirty-five miles east of Ann Arbor.

The University of Michigan-Dearborn is dedicated to the goal of building a culturally diverse and pluralistic faculty committed to teaching and working in a multicultural environment, and strongly encourages applications from minorities and women.

For further information, please visit:  The University of Michigan, Dearborn is an equal opportunity-affirmative action employer.

Analyst, Economics

2 Positions

Determinate: 2 year term
(possibility of an extension)


For detailed information: ae.doc

Deux postes

Poste déterminé : Affectation de deux ans
(possibilité de prolongation)

For detailed information: ae_fr.doc

Visiting Lecturers, University of Greenwich, London

London- International Business & Financial Economics

We are seeking visiting lecturers to take tutorials on our large final year Undergraduate course in International Business. Teaching, at the
Maritime Greenwich campus, is based on existing lesson plans.

We are also seeking a visiting lecturer to assist with a single term course in corporate finance, covering sources of finance and financial
reporting, investment appraisal and risk, and the capital structure debate.

Applicants should hold at least a Masters qualification in economics or relevant business studies and experience in higher education teaching.
Applications are invited by submission of cv to

Heterodox Conference Papers and Reports and Articles

The Impact of Undercounting in the Current Population Survey

An analysis of the nation's most important labor-market survey concludes that official estimates of the number of Americans living in poverty and without health insurance may significantly underestimate the true number of poor and uninsured. According to the study, conducted by the Center for Economic and Policy Research (CEPR), the measurement problems with the Current Population Survey (CPS) have been growing, making it difficult to assess changes in economic well being over time.
Among the study's main findings:
• The CPS appeared to miss about 1.4 percent of the adult population, or over 2.5 million non-working adults. The size and the increase over time in the bias in the CPS are largest for black men. The CPS overstated black male employment by about 2.5 percentage points in 1986, rising to 3.0 percentage points in 2000, and reaching 3.5 percentage points in 2005.
• Since the undercounting has become more severe in the CPS in recent years, estimates of employment rates from the CPS are biased and the bias is growing over time. For all adults, the CPS overstated employment by about 1.1 percentage points in 1986, growing to 1.3 - 1.4 percentage points in 2000, and about 1.7 percentage points by 2005.
• In 2005, the official national estimate of poverty, which is taken from the CPS, underestimated the actual number of adults and children in poverty by about 600,000 people (about 0.2 percentage points).
• The official national estimates of the population lacking health insurance coverage in 2004 underestimated the number of adults and children without health insurance by about 350,000 people (about 0.1 percentage points).
• The impact on poverty estimates for blacks and Hispanics are proportionately much greater. In 2000, the CPS underreported the poverty rate for blacks by 0.5 - 0.7 percentage points and for Hispanics by about 0.4 percentage points.
The full paper is available at


Heterodox Journals and Newsletters

URPE Newsletter

The URPE Newsletter is the main source of information for URPE members. It contains stories on a wide range of current topics, information about current research, and reviews of books of interest to URPE members.

The Newsletter also provides information about upcoming URPE at ASSA conference and The Summer Conference. Information about scheduled panels and other conference events are also published in the Newsletter before each conference.
The back Newsletters below are in PDF format, and require Acrobat Reader or some similar program to read.

Summer 2006 Newsletter (V37,#4)  
Spring 2006 Newsletter (V37,#3)  
Winter 2006 Newsletter (V37,#2)
Fall 2005 Newsletter (V37,#1)
Summer 2005 Newsletter (V36,#4)
Spring 2005 Newsletter (V36,#3)
Winter 2005 Newsletter (V36,#2)
Fall 2004 Newsletter (V36,#1)
Summer 2004 Newsletter (V35,#4)
Spring 2004 Newsletter (V35,#3)
Winter 2004 Newsletter (V35,#2)
Fall 2003 Newsletter (V35,#1)
Summer 2003 Newsletter (V34,#4)
Spring 2003 Newsletter (V34,#3)
Winter 2003 Newsletter (V34,#2)

New Political Economy

Volume 11 Number 3/September 2006 of New Political Economy is now available at

This issue contains:
- Catch-up strategies and the latecomer effect in industrial development
John A. Mathews

- Neoliberal and neostructuralist perspectives on labour flexibility, poverty and inequality: A critical appraisal
Fernando Ignacio Leiva

- Globalisation, world trade and the cultural commons: Identity, citizenship and pluralism
Daniel Drache, Marc D. Froese

- Special section: Peasantries, globalisation and capitalism
Graham Harrison

- Agrarian change and rising vulnerability in rural sub-Saharan Africa
Frank Ellis

- Once were/still are peasants? Farming in a globalising ‘south’
Henry Bernstein

- Peasant prospects in the neoliberal age
Philip McMichael

- Blood for oil?
Simon Bromley

- The world intellectual property organization
Christopher May

Feature review
John O'neill

- Notes on contributors

Journal of the History of Economic Thought

Volume 28 Number 3/September 2006 of Journal of the History of Economic Thought is now available at

This issue contains:

- The early reception and diffusion of Irving Fisher's work in Italy
Giovanni Pavanelli
- Thomas Edison's monetary option
David L. Hammes, Douglas T. Wills
- Hayek, The Road to Serfdom, and the British conservatives
Jeremy Shearmur
- Schumpeterian entrepreneurship revisited: Historical specificity and the phases of capitalist development
Alexander Ebner
- Knut Wicksell and Ludwig von Mises on money, interest, and price dynamics
Agnès Festré
- Notes and commentary Hayek, logic, and the naturalistic fallacy
Bruce Caldwell, Julian Reiss
- Response to Caldwell and Reiss's “Hayek, logic, and the naturalistic fallacy”
Erik Angner
- A note on textual editing: A rejoinder to Young
Daniele Besomi
- Book reviews
- Announcements

State of Working America 2006-07

On Labor Day 2006, the Economic Policy Institute releases its advance edition of The State of Working America 2006-07:

Economic Policy Institute
1333 H Street, NW, Suite 300, East Tower
Washington, DC 20005

Levy News

August 2006

The Distributional Effects of Government Spending and Taxation
July 2006

“Employment Guarantee Policies: Theory and Practice”
Friday-Saturday, October 13-14, 2006
Annandale-on-Hudson, New York
Program and registration information will be posted as it becomes available.

Vol. 15, Number 3

Banking, Finance, and Money: A Socioeconomics Approach
No. 459

How the Maastricht Regime Fosters Divergence as Well as Fragility
No. 460

Wage Growth and the Measurement of Social Security’s Financial Condition
No. 461

Quick Impact Initiatives for Gender Equality: A Menu of Options
No. 462

Working for a Good Retirement
No. 463

Differing Prospects for Women and Men: Young Old-Age, Old Old-Age, and Elder Care
No. 464

The Local Geographic Origins of Russian-Jewish Immigrants, Circa 1900
No. 465

Net Government Expenditures and the Economic Well-Being of the Elderly in the United States, 1989-2001
No. 466

The Financial Requirements of Achieving Gender Equality and Women’s Empowerment
No. 467

Global Demographic Trends and Provisioning for the Future
No. 468

The Changing Role of Employer Pensions: Tax Expenditures, Costs, and Implications for Middle-Class Elderly
No. 469

Retiree Health Benefit Coverage and Retirement
No. 470

Population Forecasts, Fiscal Policy, and Risk
No. 471

The Adequacy of Retirement Resources among the Soon-to-Retire, 1983-2001
No. 472

USBIG Newsletter

VOL. 7, NO. 40, JUL-AUG. 2006

This is the Newsletter of the USBIG Network (, which promotes the discussion of the basic income guarantee (BIG) in the United States--a policy that would unconditionally guarantee a subsistence-level income for everyone. If you would like to be added to or removed from this list please email:
For detailed information: usbig.doc

The Talking Economics Bulletin

The Talking Economics Bulletin consists of news and views on associative economics, including short extracts from Associative Economics Monthly
(available electronically for £1 an issue at or in a hard copy format - tel (UK) 01227 738207).

The bulletin did not appear in August, so included here are the editorials from two issues of Associative Economics Monthly, with news also of a series of London based events beginning in October.

Arthur Edwards

1) Rethinking Social Security - Editorial, AEM September 06.
2) World Economic Institutions - Editorial, AEM August 06.
3) Rudolf Steiner and the View from London
4) The Art and Science of Economics

For detailed information: teb.doc

International Review of Applied Economics

Volume 20 Number 4/September 2006 of International Review of Applied Economics is now available at

This issue contains:
- Linking Public Investment to Private Investment. The Case of Spanish Regions
Diego Martinez Lopez

- Who Gains from Restructuring the Post‐Soviet Transition Economies, and Why?
T. Huw Edwards

- Post Fordism and Population Ageing
William A. Jackson

- Impact of the Minimum Wage on Expected Profits
Gail Pacheco, Vic Naiker

- Parental Income and Continuing Education of Second Generation Immigrants in Sweden
Ali Tasiran, Kerem Tezic

- Pooled Mean Group Estimation of the Bilateral Trade Balance Equation: USA vis‐à‐vis her Trading Partners
Gour Gobinda Goswami, Sadaquat H. Junayed

- Capitalism Unleashed
John Grieve Smith

- Globalization of Employment and Inequality
Tommaso Rondinella


Heterodox Books and Book Series

Advances in Heterodox Economics

Fred Lee, University of Missouri--Kansas City, Series Editor
Associate Editors
Rob Garnett, Texas Christian University
John King, Latrobe University
Sheila C. Dow, University of Stirling
Paul Downward, Loughborough University

The University of Michigan Press
Over the past two decades, the intellectual agendas of heterodox economists have taken a decidedly pluralist turn. Leading thinkers have begun to move beyond the established paradigms of Austrian, Feminist, Institutional-Evolutionary, Marxian, Post-Keynesian, Radical, Social, and Sraffian economics—opening up new lines of analysis, criticism, and dialogue among dissenting schools of thought. This cross-fertilization of ideas is creating a new generation of scholarship in which novel combinations of heterodox ideas are being brought to bear on important contemporary and historical problems.
Advances in Heterodox Economics aims to promote this new scholarship by publishing innovative books in heterodox economic theory, policy, philosophy, intellectual history, institutional history, and pedagogy. Syntheses or critical engagements of two or more heterodox traditions are especially encouraged.
The editor and associate editors work closely with individual authors to ensure the quality of all published works.

Economics in Real Time (2003)
A Theoretical Reconstruction
John McDermott

Socialism after Hayek (2006)
Theodore A. Burczak

Pluto Press

New Books from Pluto Press. To download the catalog, click here.

Post Keynesian Price Theory

Series: Modern Cambridge Economics Series

Frederic S. Lee

This book sets out the foundations of Post Keynesian price theory. Frederic Lee examines the administered, normal cost and mark up price doctrines associated with Post Keynesian economics; he then draws upon those doctrines and previous empirical studies to develop the pricing and production foundations of the theory. This is the only book that is solely concerned with Post Keynesian price theory and its foundations, and represents a major contributon to the literature of post-Keynesian economics.


List of figures and tables; Acknowledgements; Introduction; Part I. The Doctrine of Administered Prices: 1. The origin of the doctrine of administered prices: from the modern corporation to industrial prices; 2. Gardiner Means' doctrine of administered prices; 3. Developments in the doctrine of administered prices; Part II. The Doctrine of Normal Cost Prices: 4. The origin of the doctrine of normal cost prices: the Oxford Economists' Research Group and full cost pricing; 5. Philip Andrews' theory of competitive oligopoly; 6. Developments in the doctrine of normal cost prices; Part III. The Doctrine of Mark Up Prices: 7. The origin of the doctrine of mark up prices: Michal Kalecki's microanalysis; 8. Kalecki's microanalysis and the war years; 9. Kalecki and the Cambridge contributions; 10. Josef Steindl and the stagnation thesis; Part IV. The Grounded Pricing Foundation of Post Keynesian Price Theory: 11. Pricing and prices; 12. The pricing model, the grounded pricing foundation, and Post Keynesian price theory; Appendices; Bibliography; Index.


"Frederic Lee has done Post Keynesian economic a great service...Keynesian Price Theory is compulsory reading for all those interested in a non-neoclassical approach to pricing." Review of Radical Political Economics

"He has set out to challenge the post Keynesian conventional wisdom that its price theoretic foundations are to be found in either the Kaleckian or Sraffian approach to prices or in some hybrid of the two." Review of Radical Political Economics

Money, Financial Instability and Stabilization Policy

Edited by L. Randall Wray, Professor of Economics and Research Director, Center for Full Employment and Price Stability, University of Missouri – Kansas City, US and
Mathew Forstater, Associate Professor of Economics and Director, Center for Full Employment and Price Stability, University of Missouri – Kansas City, US
Money, Financial Instability and Stabilization Policy consists of original articles by leading Post Keynesians, Kaleckians and other heterodox economists from the developed and developing world.
Post Keynesian literature has long been associated with the study of money, financial markets and financial instability. Indeed, this is perhaps the area to which Post Keynesians have made the greatest contributions. The authors to this volume present an overview of the latest research on monetary theory and policy, financial markets, and financial instability coming out of the Post Keynesian school of thought. They provide an indication of the wide-ranging interests and of the truly international scope of Post Keynesian research. The first half of the volume is theoretical, while the second half includes papers that are either empirical or more focused on specific concerns.
This book will find an appreciative audience in economists generally as well as Post Keynesian, other heterodox economists and macroeconomists specifically.

Macroeconomics in Context

The Preliminary Edition of Macroeconomics in Context will be available as a free on-line text for classroom use in Fall 2006!
To start downloading the ten chapters currently available, first register here.

Education in macroeconomics should include critical issues such as macroeconomic stabilization, distributional equity, the quality of employment, environmental considerations, and the adequacy of living standards. Macroeconomics in Context, while including coverage of standard concepts and models, focuses on these crucial aspects of human well-being. Emphasizing writing that is compelling, clear, and attractive to students, it also includes serious investigation of the environmental impacts of economic growth and the role of unpaid work in economic life. It is the companion textbook to Microeconomics in Context (Houghton Mifflin, 2005).

Kicking Away the Ladder

Development Strategy in Historical Perspective
Ha-Joon Chang
- To read the book, purchase a copy at 25 % DISCOUNT, or order an inspection copy, please click here.

‘A provocative critique of mainstream economists’ sermons directed to developing countries… It demands attention.’
Charles Kindleberger, Emeritus Professor of Economics, MIT
'A Lively, Knowledgeable and original contribution to international political economy.'
John Toye, Professor of Economics, University of Oxford
How did the rich countries really become rich? In this provocative new study,
Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain ‘good policies’ and ‘good institutions’, seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to ‘kick away the ladder’ by which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves used.
PAPER 1 84331 027 9 £14.99 £11.24 / $26.95 $20.21
187 Pages • 234 x 156 mm

Russia’s Oil and Natural Gas
Bonanza or Curse
Edited by Michael Ellman
To read the book, purchase a copy at 25 % DISCOUNT, or order an inspection copy, please click here.

‘Full of choice prizes offered by a stellar collection of European and American scholars…I recommend the collection to all serious students of the Russian economy’.
James R Millar, George Washington University

The most complete and topical analysis of Russia’s oil and natural gas industry currently available, an eminent collection of international scholars compliment this diverse and wide-ranging book.
CLOTH 1 8433 121 74 £50.00 £37.50 / $85.00 $63.75
PAPER 1 84331 226 3 £16.99 £12.74 / $29.95 $22.46
225 Pages • 234 x 156 mm

Reforming the Governance of the IMF and the World Bank

Edited by Ariel Buira for the G24 Research Program

To read the book, purchase a copy at 25 % DISCOUNT, or order an inspection copy, please click here.
Editor to speak at the Overseas Development Institute in London, 8 September 2006

‘The US cannot afford a diminished IMF and World Bank. Here are the reasoned arguments why – and some politically practical ideas how. This book deserves wide attention.’
Nancy Birdsall, President of the Center for Global Development, Washington, DC
This authoritative collection of essays, written by the most influential people in the field, this book gives a rare insight into the credibility and effectiveness of this giant and invaluable organization.
PAPER 1 84331 211 5 £16.99 £12.74 / $29.95 $22.46
300 pages • 234 x 156 mm

Book Review: Applied Evolutionary Economics and the Knowledge Based Economy.

edited by Andreas Pyka and Horst Hanusch (Cheltenham, UK: Edward Elgar, 2006)
Reviewed by James L. Webb, Economics, University of Missouri at Kansas City

To read the review, click here.

European Economic Policies - Alternatives to Orthodox Analysis and Policy Concepts

"Alternative Konzeptionen der makroökonomischen Politik"
Eckhard Hein, Arne Heise, Achim Truger (Hg.)
349 Seiten · 29,80 EUR
ISBN 3-89518-560-4 (August 2006)

Since the final stage of European monetary integration in the mid-1990s, the member countries of the Euro area have been suffering from slow growth and high unemployment. On average, the Euro area’s economic performance has been unsatisfactory, in particular since the growth slow down in 2001. The only undisputed achievement of European monetary integration so far has been a remarkable reduction in the inflation rate. However, this reduction comes at the cost of a still present risk of deflation in some of the member countries of the European Monetary Union (EMU), particularly in Germany.

The Political Economy of U.S. Militarism

by Ismael Hossein-zadeh, Professor of Economics, Drake University

How do we explain the increasing militarization of US foreign policy? And why is America losing the moral compass it held not long ago?

Critics of these ominous trends have identified a number of culprits: big oil, the cabal of neoconservatives, the Israeli lobby, the cultural or attitudinal fascination of the United States with military might as a sign of national greatness, and George W. Bush’s desire to be a war president.

Without denying the contributory role of these factors, The Political Economy of U.S. Militarism explores the bigger but largely submerged picture: the economics or profit-driven forces of war and militarism. By highlighting the critical influence of powerful special economic interests over the dynamics of U.S. military spending, the study examines the escalating Pentagon appropriations of taxpayers money as a roundabout way of cutting social spending, as a subtle strategy to reverse the New Deal and other social safety net programs, and as a regulatory mechanism to redistribute national income in favor of the wealthy—especially of the influential beneficiaries of war dividends.

The study is unique not only for its examination of the factors and forces that have been directly behind the U.S. drive to war and militarism, but also for its careful analysis of a series of closely related topics: the roots of the conflict between the Muslim world and the West; the rise of religious fundamentalism, both Islamic and Judeo-Christian, and its impact on the escalation of war and militarism; the theory of “the clash of civilizations” and its implications for the strategy of “preemptive wars;” the 9/11 attacks, global terrorism, and their impact on the U.S. drive to war and military expansion; and more.

Le nouveau mur de l'argent : essai sur la finance globalisée

Le centre de ressources du Lereps (Laboratoire d'Etude et de Recherche sur l'Economie, les Politiques et les Systèmes sociaux) a le plaisir de vous informer de la parution, aujourd'hui, de l'ouvrage du professeur François Morin "Le nouveau mur de l'argent : essai sur la finance globalisée", éditions du Seuil.

Si vous souhaitez prendre contact directement :
- avec le centre de ressources :
- avec le secrétariat du Lereps :
- ou bien avec l'auteur :

Click here for book flier.

The Field Guide to the U.S. Economy

The Center for Popular Economics presents

Want to know more about the odd creatures that inhabit our economic environment? The Field Guide to the U.S. Economy identifies over 160 important issues, holding a magnifying glass to trends affecting our everyday lives.
Short, easy-to-follow presentations take you off the beaten track, well beyond Washington and Wall Street. Graphs and cartoons liven up the facts. A "Toolkit" helps you interpret and use economic statistics; included here are explanations of price indices, GDP, the poverty line, and other economic concepts. The Glossary provides clear, simple explanations of many technical terms.

From the distribution of wealth to the provision of child care, from job benefits to health-care coverage, from international financial crises to global warming, the Field Guide offers information needed to understand ?and to improve?the world we work in.

This website offers sample pages, ordering information, news and analysis of economic trends, and direct access to useful data available on the internet. Don't be afraid of getting lost, and don't worry about predators or pests. The Field Guide to the U.S. Economy is designed to send you out on a safe and excellent adventure.


Heterodox Web Sites

Markt – Macht – Politik
Theorien für die Wirtschaftswissenschaft des 21. Jahrhunderts
Wie funktioniert der Markt? Spielt Macht eine Rolle? Soll ökonomische Theorie politisch sein? VertreterInnen verschiedener ökonomischer Strömungen diskutieren in der Auftaktveranstaltung des Club Heterodoxe Ökonomie aktuelle Problemstellungen (Arbeitslosigkeit, Verteilungspolitik, Instabilität auf Finanzmärkten, etc.) aus Sicht ihrer Theorie. Nach der Podiumsdiskussion gibt es verschiedene Möglichkeiten den individuellen Nutzen zu maximieren (Buffet, Getränke, Small Talk, Diskussionen).
Joachim Becker, WU Wien, Regulationstheorie
Reinhard Pirker, WU Wien, Institutionelle Ökonomie
Cornelia Staritz, WU Wien / zZ New School for Social Research, Postkeynesianismus & Finanzmärkte
Engelbert Stockhammer, WU Wien, Postkeynesianische Ökonomie
Mittwoch, 21. Juni 2006 um 19.00 Uhr Weitere Infos:
Café 7stern
Siebensterngasse 31 in 1070 Wien 
erreichbar mit U3, 49, 13A

Ziele & Visionen des Club Heterodoxe Ökonomie
Der Club Heterodoxe Ökonomie ist ein Versuch unsere Vision eines Netzwerks Heterodoxer ÖkonomInnen und Menschen, die sich für eine facettenreiche Wissenschaft wie die Ökonomie begeistern, zu realisieren.
Um vielfältiges menschliches Handeln und Wirtschaften zu verstehen, benötigen wir ebenso vielfältige Werkzeuge dafür. Vielfalt und Pluralität im ökonomischen Denken sind der Schlüssel dazu – zu einer breiteren und reicheren Wissenschaft.
Der Club Heterodoxe Ökonomie soll deshalb als Plattform und Wegbereiter für ÖkonomInnen, StudentInnen, ProfessorInnen und FreundInnen der Heterodoxen Ökonomie dienen.
Andreas Oberenzer, Antonia Glatter-Götz,
Lucas Grafl & Matthias Firgo
von StudentInnen für StudentInnen, ProfessorInnen und ÖkonomInnen

Vereniging Institutionele en Politieke Economie

( )

Wat is VIPE?
De 'Vereniging Institutionele en Politieke Economie' is een Belgisch-Nederlandse vereniging van economen die een brede waaier van stromingen binnen de economische wetenschap omvat. De vereniging werd aanvankelijk opgericht onder de benaming "Studiekring Post-Keynesiaanse Economie" in 1980 en in 1997 omgevormd tot "Vereniging Institutionele en Politieke Economie", waarbij ook de Vereniging voor Politieke Economie zich aansloot. De Vereniging heeft momenteel zo'n 150 leden. De vereniging organiseert jaarlijks een conferentie rond een bepaald thema waarvan de bijdragen worden gepubliceerd bij Edward Elgar in een congresboek dat gratis aan de leden wordt toegezonden. Bij de vereniging hoort ook een nieuwsbrief met nieuws vanuit het bestuur, met bijdragen van de leden zelf, met informatie over de leden en met aankondigingen van voor leden interessante conferenties en workshops.

Het bestuur van de vereniging wordt verkozen op de jaarlijkse ledenvergadering die meestal op de dag van de conferentie wordt gehouden. Elk aangesloten lid kan zich op deze vergadering kandidaat stellen voor een bestuursfunctie. Het bestuur streeft ernaar om naast een beperkt kernbestuur te beschikken over minstens één medewerker per universiteit in Nederland en België die bereid is als contactpersoon voor de vereniging op te treden.


Queries from Heterodox Economists

Journal of Heterodox Economics Education

Kevin Furey is raising a query about establishing a heterodox journal of economic education. See the linked letter for a further discussion. If you wish to discuss this further with Kevin, please e-mail him at
For detailed information: KevinFurey--JHEE.doc


For Your Information

The Fulbright Scholar Program

The Fulbright Scholar Program offers U.S. faculty and professionals numerous opportunities for lecturing, research or a combination of the two in 150 countries and all regions of the world.

Applications continue to be accepted for some Fulbright Scholar awards in economics and in environmental studies during the 2007-2008 academic year. Faculty and professionals in economics or environmental studies may apply not only for awards specifically in their field, but also for one of the many "All Discipline" awards open to any field.
Awards are closing daily, so please consult the relevant program officer before applying.

Contact information, descriptions of available awards, and new eligibility requirements may be found on our website at

Ego Inflation

Article By James K. Galbraith - Aug 10 2006
Can the new Fed chair resist the lure of his own pet theories?
Click here to read the article.