Issue 38: January 26, 2007

From the Editor

This Newsletter has so much new information and calls for papers that it is not really possible to describe them all. While at the ASSA meetings I was able to get M.E. Sharpe to send me alerts regarding the heterodox journals and books they publish. They will now start appearing in the Newsletter. I already receive such alerts from Routledge. If you want alerts to your favorite heterodox journal and book publisher to appear in the Newsletter on a regular basis, try to get them to send me alerts on a regular basis.

In the October 16, 2006 Heterodox Economics Newsletter (Issue 33), I publicized an issue about Job Openings for Economists which censored a job ad from the University of Vermont. Professor Stephanie Seguino spearheaded this concern and was supported by a number of people. At the ASSA meetings purple ribbons (supplied by Deborah Figart) were distributed to protest the decision. The outcome of the protest and action was reported in the January 19, 2007 issue of the Chronicle of Higher Education—which you can read in the ICAPE section below.

Fred Lee


In this issue:

  - Call for Papers

          - ICAPE Conference, 1-3 June 2007
          - Developments in Economic Theory and Policy
          - Association for Heterodox Economics 9th Annual Conference 2007
          - EAEPE 2007 Conference- Economic Growth, Development, and Institutions Conference
          - Union of Radical Political Economists
          - Association for Social Economics
          - The International Network for Economic Method
          - 2nd International Symposium on Economic Theory, Policy and Applications
          - Association for Evolutionary Economics
          - Globalization and Its Discontents
          - Progressive Economics Forum
          - European Research Group on Innovation and Change in Health Care Systems
          - Fifth Annual Global Studies Conference
          - Epistemologies/Pedagogies of Struggle: Knowledge(s) Outside the Academy
          - Marx and Philosophy Society Annual Conference
          - Green Economics Conference
          - EAEPE Information and Calls for Papers
Conferences, Seminars and Lectures

          - London Marx-Hegel Reading Group
          - City Leaders Lecture
          - 9th International Workshop on Institutional Economics
          - Contributions to Social Ontology
          - Global Economic and Social Development
          - Marx and Philosophy Society
          - 7th SCEME Workshop

  Job Postings for Heterodox Economists

          - The Evergreen State College
          - Economists for National Human Development Report

  - International Confederation of Associations for Pluralism in Economics - News

          - Economists' Group Adjusts Policy on Discriminatory Language in Job Ads

  - Heterodox Journals and Newsletters

          - International Journal of Political Economy
          - Challenge
          - International Journal of Development Issues, 2006 (2)
          - Work Organisation Labour and Globalisation
          - CASE e-Newsletter: January 2007
          - Journal of Post Keynesian Economics

  - Heterodox Books, Book Series, and Book Reviews

          - Economics in Real Time: A Theoretical Reconstruction
          - Book Review of Economics in Real Time: A Theoretical Reconstruction
          - Handbook of Contemporary Behavioral Economics
          - Reintroducing Macroeconomics
          - Empirical Post Keynesian Economics
          - Reclaiming Marx's "Capital": A Refutation of the Myth of Inconsistency
          - Palgrave Books
          - Monetary Economics

   - Heterodox Associations, Institutes, and Departments

          - IThe Social Capital Foundation
          - Post Keynesian Economics Study Group

  - Queries from Heterodox Economists

          - Chris Farrell

  - For Your Information

          - Research Internships at AFL-CIO
          - Research Fellowships
          - Research Opportunities at Hellenic Observatory
          - Report on World Bank's Research Activities


Call for Papers

ICAPE Conference, 1-3 June 2007

Between now and January 15, I hope you will feel inspired (or coerced, whichever you find more compelling) to propose a paper for the ICAPE conference on Economic Pluralism for the 21st Century, to be held June 1-3 at the University of Utah in Salt Lake City.

Like ICAPE's inaugural conference in 2003, this is a "big tent" conference open to all economic thinkers, topics, and fields of specialization.

We have received proposals so far from scholars in 12 countries (Belgium, China, Colombia, Denmark, Germany, India, Iran, Ireland, Italy, Mexico, the U.K., and the U.S.) who represent a several distinct traditions of thought. This is a healthy start.

But in order to fulfill ICAPE's mission of promoting intellectual diversity and inter-paradigmatic exchange in economic scholarship and education, we need to elicit proposals from a critical mass of Austrian, Feminist, Institutional-Evolutionary, Marxian, Postcolonial, Post Keynesian, Postmodern, Radical, Social, Sraffian, and OUT (Otherwise Unorthodox and Talented) economists.

In short, we need more proposals from economic thinkers like YOU!

If you would like to join us for three days of unusually good conference conversation, food, and drink in Salt Lake City next June, please send a 250-word abstract to Rob Garnett ( no later than January 15.

Or, to learn more about the conference or ICAPE itself (the International Confederation of Associations for Pluralism in Economics), please visit our web site: 

We really hope to hear from you!

For the ICAPE conference organizers (Al Campbell, Wilfred Dolfsma, Edward Fullbrook, Rob Garnett, Neva Goodwin, John Henry, Mary King, Fred Lee, Ed McNertney, Judith Mehta, Erik Olsen, and Martha Starr)

Developments in Economic Theory and Policy

The Department of Applied Economics V of the University of the Basque Country (Spain) and the Cambridge Centre for Economic and Public Policy, Department of Land Economy, of the University of Cambridge (United Kingdom) are organizing the 4th International Conference “Developments in Economic Theory and Policy”. The Conference will be held in Bilbao (Spain), from 5th to 6th July 2007, at the Faculty of Economics and Business of the University of the Basque Country.

Though papers are invited on all areas of economics, papers on the following topics are especially welcome:

- privatization,
- fiscal policy,
- productivity and growth,
- housing,
- economic policy,
- immigration and social security,
- institutions.

Papers must be written (and presented) in English. Accepted papers will be grouped in sessions. Every session will comprise three-four papers.

Suggestions for ‘Organized Sessions’ are also welcome. An organized session is one devoted to a specific subject that has been constructed in its entirety by a session organizer and submitted to the Conference Organizers as a complete package (title of the session, papers, authors and session chair).

The final deadline to submit papers and ‘organized sessions’ is 31st May 2007. Acceptance letters will be sent out by e-mail before 8th June 2007.

For more information, you can get in touch with Jesus Ferreiro ( or visit the website of the Conference:

Association for Heterodox Economics 9th Annual Conference 2007

Pluralism in Action
13 – 15 July, 2007
University of the West of England, Bristol

The Ninth Annual Conference of the Association of Heterodox Economics (AHE) will be held at the University of the West of England from 13th to 15th July 2007.
For detailed information: AHE_callforpapers.doc

EAEPE 2007 Conference- Economic Growth, Development, and Institutions Conference

Economic Growth, Development, and Institutions- lessons for policy and the need for an evolutionary framework of analysis organized by Faculdade de Economia, Porto
1-3 November 2007, Porto, Portugal
Deadline for submission of abstracts: April 01, 2007
Click here to download a pdf version of the call.
See  for further information concerning the conference.

Union of Radical Political Economists

Annual Meeting
New Orleans January 4-6, 2008

URPE invites proposals for individual papers and complete sessions for the URPE at ASSA annual meeting. URPE welcomes proposals on radical political economic theory and applied analysis from a wide variety of theoretical traditions.

The deadline for proposed papers and sessions is May 1, 2007.

Proposals for complete sessions are encouraged should include the session title, a brief description of each paper, and the names, institutional affiliations, and email addresses of the chair, discussants, and presenters. Proposals for sessions should contain four papers. If you are proposing a complete session, please arrange to have discussants for your papers and a chair for your session. As the organizer of this session, you are responsible for conveying administrative information to session members, including confirmation that the session has been accepted, the time and location, and deadlines.

Proposals for individual papers should include the title, the abstract, and the author's name, institutional affiliation, and email. Individuals whose papers are accepted may also be expected to serve as a discussant for a different paper at the meetings. If you list the areas you prefer to discuss, all attempts will be made to match your preferences. Individual papers that are accepted will be assigned to sessions and each session will have an assigned organizer. It is the organizer's job to convey administrative information to session members, including confirmation that the session has been accepted, the time and location, and deadlines. URPE has no paid ASSA staff, so those presenting papers must share the burden of organizing.

We regret that high quality individual papers may be turned down due to the inability to place them in a session with papers with similar themes. For this reason, we strongly encourage proposals for full sessions. The number of sessions we can accept is limited by ASSA, and we regret that high quality sessions may be turned down as well.

Please note that the date, time, and location of sessions is assigned by ASSA, not URPE. You should receive word from URPE that your paper/session was accepted by mid-June. ASSA will not assign dates and times until much later in the summer.

Please note that anyone who presents a paper (but not the chairs or discussants) must be a member of URPE (except at joint sessions with other groups, in which case they can be a member of the other organization). Contact or 413-577-0806 for membership information. We will confirm membership for accepted proposals.

A completed copy of the Program Registration Form (below) is required with your submission. Submissions will NOT BE ACCEPTED BY EMAIL. Only applications received by the May 1 deadline will be considered.

Download registration form.

If you have any questions, please contact one of the URPE at ASSA coordinators:

Fred Moseley, Mount Holyoke College, 
Laurie Nisonoff,Hampshire College,

Association for Social Economics

Annual Allied Social Sciences Association Meetings
New Orleans, LA
January 4-6, 2008
THEME: Inequality, Democracy, and the Economy

From the 1940s to the mid-1970s the distribution of income in the United States and many other countries showed little change. It was even said that tracking change in the distribution of income in the United States ‘was like watching the grass grow.’ Since the late 1970s income disparities have widened continually and wealth has become more and more concentrated. The United States exceeds all other developed countries in this regard. The United States also actively promotes global neoliberal economic policies throughout the world designed to remake the world economy on the American model.

• What are the origins and sources of this historic change, what drives it today, and what can we expect of this process of change in the future?
• Is democracy a casualty of rising inequality in income and wealth? How is democracy impacted in a world of concentrated economic power?
• Is consumer culture the outcome of increasing inequality, the means to sustaining it, and the solution to the ‘problem’ of democracy?
• How is rising economic inequality related to health care states and the health of nations?
• Who has been abandoned in this historic change? Who are today’s vulnerable populations?
• What is the changing status and meaning of the individual? Why has social identity become important? What is the meaning of pluralism?
• How are these issues being contested in economics? What is the relation of the recent new movements in economics to increasing inequality?

Members and nonmembers of the Association for Social Economics are invited to submit proposals and complete sessions on these themes topics for the New Orleans ASE program. The program will begin Thursday evening January 3 with an opening plenary lecture followed by an ICAPE reception. Please send an abstract by email of 300 words or less by May 1, 2007 to:
John Davis , University of Amsterdam and Marquette

The International Network for Economic Method

Annual Allied Social Science Association Meetings
New Orleans, Lousiana, U.S.A.
4-6 January, 2008

Deadline for proposals: 30 April, 2007

INEM will sponsor two sessions at the next ASSA meetings on topics that relate to methodological and philosophical issues in economics, broadly conceived. Paper proposals should be accompanied by an abstract of some 200 words. Proposals for full sessions of 3-4 papers will be particularly welcome due to coherence considerations.
The INEM sessions should serve as showcases of innovative economic methodology, potentially attended by many regular economists as well as specialists in the field of methodology. Thus papers of high quality on topics of interest both to practicing economists and to economic methodologists will be preferred. It would also be desirable to have the international character of INEM represented by the sessions.

Please send session and paper proposals by 30 April to Uskali Maki, Academy of Finland

2nd International Symposium on Economic Theory, Policy and Applications

6-7 August 2007, Athens, Greece

The Economics Research Unit of the Athens Institute for Education and Research (ATINER) will hold an International Symposium in Athens, Greece, August 6-7, 2007. The registration fee is 250 euro, covering access to all sessions, 2 lunches, coffee breaks and conference material. Special arrangements will be made with local hotels for a limited number of rooms at a special conference rate. In addition, a Greek Night with live music, a one-day cruise to picturesque Greek Islands and a half-day archaeological tour.

Papers (in English) from all areas of Economics are welcome. Sessions will be organized along the lines of the Journal of Economic Literature Classification Index:

. General Economics and Teaching,
. Schools of Economic Thought and Methodology,
. Mathematical and Quantitative Methods,
. Welfare Economics,
. Microeconomics,
. Macroeconomics and Monetary Economics,
. International Economics,
. Financial Economics,
. Public Economics,
. Health, Education and Welfare,
. Labour and Demographic Economics,
. Law and Economics,
. Industrial Organization,
. Business Admin. And Business Economics - Marketing - Accounting,
. Economic History,
. Economic Development, Technological Change, and Growth,
. Economic Systems,
. Agricultural and Natural Resource Economics,
. Urban, Rural, and Regional Economics,
. Cultural Economics.

Selected papers will be published in a Special Volume of Conference Proceedings or thematic books. Papers to be included are blindly peer reviewed.

If you think that you can contribute, please send an abstract of about 300 words, via email, before January 14th, 2007 to: Dr. John Roufagalas, Professor, Radford University, USA & Academic Member, ATINER, 8 Valaoritou Street, Kolonaki, 10671 Athens, Greece. Tel.: + 30 210 363-4210 Fax: + 30 210 384-7734 Email: URL: Abstracts should include: Title of Paper, Family Name(s), First Name(s), Affiliation (Institution), Current Position, an email address and at least 3 keywords (or JEL Index Numbers) that best describe the subject of your submission.

If you want to participate without presenting a paper, i.e. chair a session, evaluate papers to be included in the conference proceedings or books, contribute to the editing, or any other offer to help please send an email to Dr. Gregory T. Papanikos (, Director, ATINER.

Association for Evolutionary Economics

Annual Meeting, New Orleans, LA, USA
January 4-6, 2008

AFEE invites proposals for individual papers and complete panels for the 2008 AFEE conference.

There is NO overall conference theme although it is contemplated that one session will be devoted to issues in the history of institutional economics, and at that least one session will focus on methodological, conceptual, and theoretical issues in institutional economics. Papers dealing with policy issues are also most welcome. All papers are expected to contribute to the literature of Original Institutional Economics in the tradition of Commons, Veblen, Mitchell, Hamilton, Kapp, Myrdal, and Polyani, as broadly conceived.

The deadline for submission of proposals for papers and sessions is April 15, 2007. Electronic submissions are strongly encouraged. If receipt of your paper or panel proposal has not been acknowledged within two weeks of submission, please contact the Program Chair. Authors will be informed whether their proposals have been accepted by May 15, 2007.

Proposals for panels may contain up to five papers, and must include relevant details of all papers to be presented (see below). Constraints imposed by the Allied Social Science Association severely limit the number of sessions allocated to AFEE. AFEE deeply regrets that it will be necessary to turn down many good proposals.

In considering your topic and preparing your abstract, please keep in mind that you will have no more than twenty minutes to present your paper. Furthermore, if you wish your paper to be considered for publication in the June 2008 Journal of Economic Issues, the text of your paper cannot exceed 2,850 words. You will be allowed two pages of references and two pages of tables, or figures. The deadline for submission for the June JEI is December 5, 2007. JEI submission details will be provided to authors whose proposals are accepted for the conference. Submission criteria will be strictly enforced by the editor.

At least one of the authors of any paper must be a member of AFEE. Contact  for membership information.

Proposals for papers or panels must be submitted to the Program Chair by April 15, 2007. The following information must be submitted for each paper:

a- Name(s) of author(s)
b- Professional affiliation(s)
c- Email address of corresponding author
d- Mailing address of corresponding author
e- Title of proposed paper
f- Abstract of 100 to 200 words
g- Your willingness to serve as a discussant or session chair (specify field)

For detailed information: AFEE Call For Papers 2008 (3).doc

Malcolm Rutherford
Program Chair
Department of Economics
University of Victoria
PO Box 1700
Victoria, BC, Canada, V8W 2Y2
Telephone : (250) 721-6481
Fax : (250) 721-6214
E-mail :

Globalization and Its Discontents

June 7th—9th, 2007
SUNY Cortland
Cortland, New York
Join SUNY Cortland and Izmir Economics University faculty for their second annual economics conference. This year, the topic is "Globalization and Its Discontents." We welcome proposals for papers extending, opposing, or generally exploring Stiglitz' important contributions to the globalization debate. Examples of possible paper topics include:
• Globalization and Debt
• Globalization and Labor
• Globalization and Gender
• Globalization and Development
• Globalization and the World Bank
• Globalization and Cultural Change
• Globalization and the Environment
• Globalization and Global Warming
• Political Economy of Globalization
• Globalization, Turkey, and the EU
• Globalization, Turkey, and the IMF
• Comparative Systems and Globalization
• Globalization and Exchange Rate Crises
• Globalization and Macroeconomic Policy
• Globalization and the Distribution of Income
• Globalization and the Teaching of Economics
• Globalization and the History of Economic Thought
Selected papers will be published in the Conference Proceedings.
In addition to the title and the author's name, affiliation, and e-mail address, proposals should summarize the paper's objectives, methods, related literature, and expected conclusions. Proposals (less than 500 words) should be sent as e-mail attachments, in MS Word format, to: 
The proposal deadline is April 2, 2007. Decisions will be made by April 16, 2007.
Further information is available at

Progressive Economics Forum

Annual Student Essay Contest

Tired of learning economics that seems more interested in justifying the status quo, than in explaining the real world - and changing it?

Then join thousands of economics students around the world: put your economics to work in the cause of social change.

$1000: Top Graduate Essay
$500: Top Undergraduate Essay
Prizes will be awarded to an essay of 20-40 pages double-spaced (5,000-10,000 words) on any subject related to the theory or policy of economics or political-economy, which best reflects a critical approach to the functioning, efficiency, and social and environmental consequences of unconstrained markets.

Deadline for Applications: May 1, 2007

Mail 4 copies of your essay to:
Professor Louis-Philippe Rochon
Department of Economics
Room A325A
Laurentian University / Université Laurentienne
935 Ramsey Road
Sudbury, Ontario

Electronic copies accepted:
More info at:
All entrants receive a complimentary 1-year membership in the Progressive Economics Forum.
Judges' decisions are final.

European Research Group on Innovation and Change in Health Care Systems

In January 2006, several members of the Committee for Evolutionary Economics at the Verein für Socialpolitik joined with interested colleagues to launch the 'European Research Group on Innovation and Change in Health Care Systems' (ERGICHCS). The group aims at complementing existing research in health economics with a focus on innovation processes in services, technologies, organizations and institutions. The research strategy adopts multidisciplinary approaches and methodological pluralism.
With financial support from Andrássy University, Budapest, the ERGICHCS will hold its inaugural conference at May 10-12, at Andrassy University. We invite interested scholars to attend and to present pertinent research.
The call for papers is available on the group's website:

Fifth Annual Global Studies Conference

The GSA would like to invite you to attend the Fifth annual Global Studies Conference at UC Irvine
Send to
For information on speakers, schedule, hotel and registration go to our web site at:

Epistemologies/Pedagogies of Struggle: Knowledge(s) Outside the Academy


I'm looking for additional papers for this session of the meetings of the Society for Socialist Studies at Congress in Saskatoon at the end of May. If interested, please submit abstracts and contact information to Chris Borst at  by January 29, 2007.
Epistemologies/Pedagogies of Struggle: Knowledge(s) Outside the Academy

Knowledge has always been located outside the Academy, in the ordinary business of life and in various parties' strategies for bettering their lots. Recently, knowledge outside the academy has attracted increased attention, from corporate "knowledge management" and "intellectual property" to the epistemologies of "the closet" and "the street", from think tanks and policy networks to indigenous knowledges, public opinion formation and "praxis". Sometimes this is ridiculed as "folk [name of science]", sometimes it is praised as "common sense" and a "learning culture".

Submissions are invited that examine any aspect of the production, circulation and/or consolidation of knowledge(s) outside the Academy.

Society for Socialist Studies
May 30-June 2, 2007
Congress of the Humanities and Social Sciences
University of Saskatchewan, Saskatoon

Marx and Philosophy Society Annual Conference

Saturday 19 May 2007, Institute of Education, University of London
The Justification of Socialism

Confirmed speakers:
Alex Callinicos (Kings College London)
Raj Sehgal (Roehampton Institute)

Is socialism to be justified on the grounds that it is needed for freedom, for happiness, for justice, for the unfettered development of human productivity, for us to properly realise our humanity, in order to avoid war or ecological catastrophe, or by virtue of an immanent critique of capitalism? Does a justification of socialism have to depend on a certain model of human nature? Or is the very idea of 'justifying' socialism some kind of philosophical mistake? We invite papers on any of these topics, whether or not related to Marx's own views.

Papers should be suitable for a 25 minute presentation, followed by 25 minutes of discussion. A panel for postgraduate paper givers may be organised. Please submit abstracts of up to 300 words by 10th February 2007 to

Green Economics Conference

International innovations in achieving the complex mesh of Global Environmental and Social Justice and Sustainability

Tuesday 3 April 2007 and Wednesday 4 April 2007 at Mansfield College, Oxford University, UK
For detailed information:

EAEPE Information and Calls for Papers

The EAEPE Council is pleased to announce the call for papers for the 19th EAEPE Conference to be held in Porto, Portugal.

* Call for papers: 19th EAEPE Conference 2007 in Porto, Portugal (deadline: April 1st 2007)

* Last chance to submit an abstract: EAEPE Symposium in Delft (deadline: January 15th 2007)

* Reminder: Call for submissions joint AFEE-EAEPE Veblen 150 Prize (deadline 30 June 2007)

* Reminder: Renew your membership early in the year in order not to miss any issues of the 2007 volume of the Journal of Institutional Economics (JOIE)

Please have a look at the other calls published on the EAEPE website:
* DIME Workshop on "Distributed Networks in the Knowledge-based Economy" (deadline: February 15th 2007)

* ERGICHCS Conference on "Innovation and Change in Health Care Systems" (deadline: February 15th 2007)

* 3rd International Conference on Organizational Routines: Empirical Research and Conceptual Foundations (deadline: February 28th 2007)

* LEFI Conference on "Analyse(s) and transformation(s) of the firm: Confrontation between economics, management and law" (deadline: March 15th 2007)


Conferences, Seminars and Lectures

London Marx-Hegel Reading Group

The first 2007 meeting of the London Marx-Hegel reading group will be on 17 January. We will be continuing with the Science of Logic. Full details can be seen at .  All Welcome! If you have any queries about the group, please contact Andy Denis at,  or on the phone number, 020-7040 0257.

City Leaders Lecture

Brendan Barber, TUC General Secretary
"Globalisation and the UK labour market - the winners and the losers"
18:30, Tuesday 20 February 2007
Oliver Thompson Lecture Theatre
The City University
Northampton Square
London EC1V 0HB

Registration from 18:00
Drinks reception after the lecture.
RSVP to Jane Adlington (, stating clearly your title, name, organisation, job title, daytime telephone contact number, email address, and any special requirements. Information will be used for badging.
More info:

9th International Workshop on Institutional Economics

It will be held on 21-22 June 2007 at the University of Hertfordshire in Hatfield in England.

The theme is:
“Property, money and firms: the forgotten role of law and the state”
Speakers: David Gindis (University of Lyon II), Geoffrey Hodgson (University of Hertfordshire), Geoffrey Ingham (University of Cambridge), Thorbjoern Knudsen (University of Southern Denmark), Patrick O'Brien (LSE), Itai Sened (Washington University at St Louis).

Further details and booking information can be found on the following website:

Contributions to Social Ontology

Center for Critical Realism Forum and Book Launch Friday 19th January, School of Oriental and African Studies, Room 116, 4.00 – 6.00

"Contributions to Social Ontology"

Margaret Archer on Sociological Imperialism and the Invasion of Human Subjectivity by the Third Person

Roy Bhaskar on The Critical Realist Revindication and the Future Development of Ontology

Clive Lawson On Contributions to Social Ontology
6.00 -7.00

The Centre for Critical Realism hosts a reception marking the launch of Contributions to Social Ontology Edited by Clive Lawson, John Spiro Latsis, Nuno Martins. Routledge Studies in Critical Realism

For further details contact Nick Hostettler:

Global Economic and Social Development

If you wish to learn more about the issues of GLOBAL ECONOMIC AND SOCIAL DEVELOPMENT - why not attend one of our short intensive courses?

During 2007 we are running the following;
Course 11; Feb 19 to March 3rd
Course 12; June 4th to 16th
Course 13; November 5th to 17th

Personnel from all the major development agencies- OXFAM, Save the Children Fund, ActionAid, WaterAid, CAFOD, Christian Aid, UNICEF and others, as well as staff of the House of Commons, students, teachers and academics - have participated and benefited over the last 4 years.

The courses are held in central London.
Full details are on our website;

Marx and Philosophy Society

Marx and Philosophy Society Afternoon Seminar Saturday 17 February 2.00-5.30pm Room F3, Royal Holloway, 11 Bedford Square, London WC1B


Meade McCloughan
'Marx and the Phenomenology of Spirit'
Nina Power (Roehampton)
'Marx and Non-Philosophy'
For abstracts see

There is no registration charge but space is limited, so please book in advance by sending an email to

11 Bedford Square is a central London site of Royal Holloway, University of London. Corner of Bedford Sq. / Montague Place / Gower Street (opposite British Museum).
Tube stations: Euston Square, Goodge Street, Russell Square, Tottenham Court Road.
Street map:

7th SCEME Workshop

7th SCEME Workshop This is a reminder that the deadline for offers of contributions to the SCEME Workshop on 19 May on 'Economics as a Moral Science' is Friday 16 February. Offers to be sent to Sheila Dow on  Further details are available at


Job Postings for Heterodox Economists

The Evergreen State College

Feminist Economist - 07
Revised Job Announcement 1-10-07, review date of complete applications has been extended to February 7, 2007.

The College is seeking a Feminist Economist (a broadly trained economist who has a strong background in feminist theory and feminist approaches to economics) to teach in the field of political economy. We generally teach micro and macro economics in an interdisciplinary context that incorporates development, justice, poverty, labor, gender, race, and environment. The successful candidate will be able to apply the study of these issues to the situation in the US and in some other geographic region. A successful candidate will also be able to integrate quantitative and qualitative methods (such as ethnography and oral history) into interdisciplinary programs.

Faculty have a significant amount of direct contact with students and enjoy a high degree of freedom to determine the subject matter, pace, emphasis, classroom strategies and modes of evaluation in the programs that they teach. We are particularly interested in candidates who have experience or interest in using innovative pedagogy to engage students in developing their conceptual understanding of economics, particularly feminist economics, in understanding our contemporary social reality. The successful candidate should be interested in working with undergraduate students at all levels from introductory through advanced. Candidates who have a background and interest in interdisciplinary teaching beyond economics and in teaching with faculty from other disciplines are particularly encouraged to apply. We also encourage applicants who have had experience teaching and/or working with students from underrepresented populations.

Minimum Qualifications:
• M.A. in Economics

Preferred Qualifications:
• Ph.D. in Economics
• Experience with interdisciplinary teaching and/or research
• College level teaching experience
• Interest and ability to teach college level writing
• Experience teaching and/or working with students from underrepresented populations.

This is a Regular Faculty position, eligible for continuing appointment after two, three-year renewable contracts. The review of complete applications has been extended. Review begins February 5, 2007 and will continue until finalists are selected.

Economists for National Human Development Report

For the first time ever, a National Human Development Report for the United States is being produced. Its research/writing team is looking for an economist with strong interest in social justice issues in the United States and expertise in public policy in one or more dimensions of human development. The project is an independent effort that will draw on the conceptual framework and advocacy model of the global Human Development Report, which has been replicated in over 140 countries. Funding is coming from American foundations. The economist will be a co-author of the report and member of the core team. The work is estimated at 50% time over the next 15 months, with the goal to launch in the first quarter of 2008. If interested or for more information, please contact Sarah Burd-Sharps at .
Khalil Tian Shahyd - MA
PhD Student/Research Associate - Political Ecology Center for Energy and Environmental Policy University of Delaware


International Confederation of Associations for Pluralism in Economics - News

Economists' Group Adjusts Policy on Discriminatory Language in Job Ads

Facing rank-and-file discontent with a policy banning references to minority groups in job notices, the executive committee of the American Economic Association has voted to loosen the restrictions. The decision was announced here this month during the association's annual meeting.
Since 1986 the association has banned advertisements in its newsletter, Job Openings for Economists, that discriminate "on the basis of race, color, religion, gender, national origin, sexual preference, or physical handicap." For at least a decade, it has strictly interpreted that policy, so as to forbid such phrases as "We encourage applications from women and members of underrepresented minorities." Broad language like "We are an equal-opportunity, affirmative-action employer" has been accepted, but explicit encouragement to particular groups has not.
Three months ago, Stephanie Seguino, an associate professor of economics at the University of Vermont, was angered when the association deleted language from a recruitment ad declaring that her department "welcomes applications from women and underrepresented ethnic, racial, and cultural groups, and from people with disabilities." She notified colleagues, and several e-mail lists have been ablaze with discussion since October. Dozens of scholars at the meeting here wore small maroon ribbons as a gesture of protest against the ban.
As Ms. Seguino and her allies see it, the association was foolishly censoring commonplace phrases that might play a small role in broadening the representation of women and people of color in the discipline. (According to the most recent report of the Committee on the Status of Women in the Economics Profession, women earned 27.9 percent of the economics Ph.D.'s issued in 2004, a percentage that has been generally flat during the past decade. And a 2006 report by Gregory N. Price, a professor of economics at Jackson State University, noted that only 44 of the 2,785 faculty members in Ph.D.-granting American economics departments were African-American.)
During the Chicago meeting, the association's executive committee conceded the argument. The new policy's exact terms have not yet been set, but the association will now allow recruitment language that encourages applications from people who belong to underrepresented groups covered by federal civil-rights law.
"We will permit the discussion of those groups now when it's done in terms of broadening the applicant pool," John J. Siegfried, a professor of economics at Vanderbilt University and the association's secretary-treasurer, said in an interview. "But we will continue to prohibit such language if you're talking about hiring criteria."
Other Controversial Wording
According to several accounts, the most contentious issue during the board meeting was the treatment of advertisements from sectarian religious colleges, which are legally permitted to discriminate on the basis of religion. (The federal government grants that permission only to colleges that can demonstrate that religion is fundamental to their missions.)
Early last year, Peter J. Hill, a professor of economics at Wheaton College, a Christian institution in Illinois, wrote an essay objecting to the association's refusal to publish an advertisement declaring that Wheaton's faculty must "affirm a Statement of Faith and adhere to lifestyle expectations." Such requirements are perfectly legal, he noted, adding that it seemed pointless not to inform prospective applicants about the college's nature.
Under the new policy, the association will treat such advertisements exactly as it does announcements that mention race, gender, and sexual orientation, Mr. Siegfried said. That is, Wheaton will be permitted to "encourage" or "welcome" applicants who are evangelical Protestants — but the association will still not allow the college to list evangelical Protestantism as a job requirement, even though such ads are legal.
In an interview here, Mr. Hill said he regarded the new policy as a partial step forward. "I'm pleased to hear that the association has recognized that colleges have distinctive identities, and that they might want to encourage applications from particular groups," he said.
Ms. Seguino's allies, too, have declared a partial victory. "The option that the executive committee took was a positive step," Deborah M. Figart, dean of graduate studies and a professor of economics at Richard Stockton College of New Jersey, said in an interview.
"But we need to continue to build a consciousness-raising movement about the dearth of women and people of color at all levels of economics," said Ms. Figart, who led the maroon-ribbon protest.
Distribution of Panels
While the advertising issue appears to have found a resolution, another dispute is still simmering: Several small organizations that participate in the annual economics meeting are angry about plans to cut the number of panels they can offer in future years.
The conflict is a product of the January meeting's unusual history. Since its founding, in 1885, the American Economic Association has almost always held its annual conferences under the umbrella of the American Social Science Association or a later, unrelated consortium called the Allied Social Science Associations. By 1975 or so, the American Economic Association had become by far the largest entity within the social-science group and had taken over responsibility for planning and financing the annual meeting. Today 50 organizations participate in the January conference, and some members of the economic association have expressed concerns that the smaller groups are taking up too much oxygen.
Last year the association began a program to gradually expand the number of its own panels at the January conference, while reducing the number of those offered by some smaller organizations. The reductions have been determined by a formula based in part on how many people have attended each organization's panels during the last four years.
When news of the latest cuts hit several months ago, members of several "heterodox" economics organizations — those that are methodologically or ideologically to the left of the American Economic Association — held extensive discussions about whether it might be time to leave the January-conference structure and perhaps to consolidate their meetings with those of the International Confederation of Associations for Pluralism in Economics, a 14-year-old group.
Full version of the article
Section: Research & Publishing
Volume 53, Issue 20, Page A11


Heterodox Journals and Newsletters

International Journal of Political Economy

Volume 35 Number 2 / June Summer 2006 of International Journal of Political Economy is now available at

This issue contains:

Editor's Introduction
Mario Seccareccia

The Globalization of Oil: A Prelude to a Critical Political Economy
Cyrus Bina

Oil: Profits of the Chain Keepers
Hassan Bougrine

Canada's Oil and Imperialism
Edward Harry Shaffer

Mexican Oil Policy and Energy Security Within NAFTA
Alicia Puyana


November-December 2006 VOL. 49, NO. 6

Developing Countries and the Collapse of the Doha Round A Forum: Yilmaz Akyüz, William Milberg, and Robert Wade
Developing the Domestic Market: Thomas Palley
Whither Social Europe?: Jonas Pontusson

Reducing American Dependence on Oil: Robert Carbaugh and Charles Wassell Jr.
The Great Oil and Gasoline Dilemma: Edwin Reubens
The Nurse Shortage Is a Crime: Barbara Bergmann
The Theology of Economics: Interview with Duncan Foley
On Negative Pricing: Harry I. Greenfield

From the Publisher:He’s Got the Whole World in His Hands, Mike Sharpe
Index to Volume 49 (January–December 2006)

© 2006 M.E.Sharpe, INC. All rights reserved. 80 Business Park Drive, Armonk, NY 10504

International Journal of Development Issues, 2006 (2)

Work Organisation Labour and Globalisation

We are proud to announce the publication of Volume I No 1 of this new international, interdisciplinary peer-reviewed journal.

Also published independently as a book entitled
The Spark in the Engine: Creative Workers in a Global Economy
0850365821 / ISBN 978 0 85036 582 5 in association with Merlin Press –
Work Organisation, Labour and Globalisation brings together insights from the fields of Political Economy, Communications Studies, Labour Sociology, Gender Studies, Economic Geography, Trade Union Studies and Development Studies to further our understanding of the new international division of labour that is emerging in a global knowledge economy.To find out more go to
To place a trade order for the book, [standard trade terms apply] or a standing order contact the Distributor: Central Books Ltd, 99 Wallis Road, London, E9 5LN, England, Tel: +44 20 8936 4854. Fax:+44 20 8533 5821

Available Mail Order from: .
For detailed information: WOLG.doc

CASE e-Newsletter: January 2007

Click here to download the newsletter.

Journal of Post Keynesian Economics


Heterodox Books, Book Series, and Book Reviews

Economics in Real Time: A Theoretical Reconstruction

John McDermott

This book offers a new model for contemporary economic behavior that accounts for changes since neoclassical and Marxian microeconomics were formulated over a century ago. By incorporating real time into the analysis of sales and purchases, the phenomena of product innovation, advertising and distribution, the provision of consumer credit, and, ultimately, the production of a changing workforce all become intrinsic to microeconomic analysis rather than being treated as extraneous to fundamental theory.

Economics in Real Time transforms the analysis of contemporary sales and purchases. In mainstream economics the series of purchases, say, of a personal computer, then of software upgrades, peripherals, on-line services, and even support services are analyzed as discrete, essentially unrelated transactions. However counterintuitive, this approach is theoretically necessary to sustain the free-market narrative, its price and general equilibrium theories, and its efficiency and welfare theorems. Economics in Real Time instead links such related purchases within what is called a "sale/purchase state" occupying the time interval that begins with the initial purchase of the PC and ends only when all of the PC's services have been exchanged to the buyer. Under this analysis, typical contemporary sale/purchase states, as for automobiles, benefit plans, and electronic goods, place the purchaser in continuing, often dependent relationships to multiple sellers, at least some of which were not even overt partners to the initial purchase. Moreover they typically impose a continuing stream of expenditures upon the purchaser, as for automobile upkeep or music CDs, and so forth.

Economics in Real Time analyzes a contemporary economy as shaped in both its narrowly economic and broadly social features by these sale/purchase states. It draws a radically different picture of its terrain, challenging at the most fundamental level both the relevance and the theoretical warrant of the free-market conception.

John McDermott is Professor Emeritus of the State University of New York and a member of the editorial board of the Review of Radical Political Economics. His books include Corporate Society: Class, Property, and Contemporary Capitalism. His work has appeared in the New York Review of Books, the Nation, and other venues. He now lives in the Boston area.

Book Review of Economics in Real Time: A Theoretical Reconstruction

By: Xuan Pham, University of Missouri-Kansas City

In a Walrasian auctioneer market, the auctioneer calls out the demand and supply prices. An agreement is reached between a single buyer and seller. The two parties come together to make an exchange in instantaneous time. The transfer of services/goods is full and fair. After the exchange has taken place, there is no further attachment between the seller and buyer. (cont.)

Handbook of Contemporary Behavioral Economics

Foundations and Developments
Editor(s): Morris Altman, University of Saskatchewan

At a time when both scholars and the public demand explanations and answers to key economic problems that conventional approaches have failed to resolve, this groundbreaking handbook of original works by leading behavioral economists offers the first comprehensive articulation of behavioral economics theory. Borrowing from the findings of psychologists, sociologists, political scientists, legal scholars, and biologists, among others, behavioral economists find that intelligent individuals often tend not to behave as effectively or efficiently in their economic decisions as long held by conventional wisdom. The manner in which individuals actually do behave critically depends on psychological, institutional, cultural, and even biological considerations.
See the link for detailed information.

Reintroducing Macroeconomics

A Critical Approach
Author(s):Steven Mark Cohn, Knox College

This lively introduction to heterodox economics provides a balanced critique of the standard introductory macroeconomic curriculum. In clear and accessible prose, it explains many of the key principles that underlie a variety of alternative theoretical perspectives (including institutionalist economics, radical economics, Post Keynesian economics, feminist economics, ecological economics, Marxist economics, social economics, and socioeconomics). Because the book’s structure parallels the chapters and subject matter presented in a typical introductory macroeconomics textbook, Reintroducing Macroeconomics provides readers with a running commentary on the standard approach, while simultaneously introducing them to a broader range of ideas about the causes and appropriate policy responses to a wide range of common economic problems.
See the link for detailed information.

Empirical Post Keynesian Economics

Looking at the Real World
Editor(s): Richard P.F. Holt, Southern Oregon University
Steven Pressman, Monmouth University

This text highlights the major empirical questions and issues facing Post Keynesian economics today. Featuring contributions by leading Post Keynesian economists, it focuses on public policy and real life analysis of this vibrant and dynamic economic theory.

In language that is accessible to upper level undergraduate and graduate students, professional economists, and public policy makers, each of the chapters takes on a specific issue of concern to all professional economists, provides empirical analysis of the issue, and then discusses the Post Keynesian view on the topic and contrasts it with the orthodox perspective. The topics covered are grouped into three main categories: empirical studies of consumption; empirical studies of business investment; and empirical studies of international economic relations.
See the link for detailed information.

Reclaiming Marx's "Capital": A Refutation of the Myth of Inconsistency

By Andrew Kliman

250 pages, copyright 2007.

Published by Lexington Books, a division of Rowman & Littlefield.
Part of Lexington's Raya Dunayevskaya Series in Marxism and Humanism.

List price: $26.95.
(European purchasers may pay in British pounds or euros.)
For detailed information: ReclaimingMarx.doc

Palgrave Books

Keynes's General Theory, the Rate of Interest and 'Keynesian' Economics

The Economics of Keynes in Historical Context

The Economics of Keynes: A New Guide to The General Theory

Constraint to Full Employment Conference Publications

Did you miss out on the recent Constraints to Full Employment Conference, or forget to take advantage of the specials on publications when you were at the conference?

The extraordinary specials offered during our recent CofFEE conference have been extended until the 31st March 2007.

Including the conference package of:
- Unemployment: The Tip of The Iceberg
- The Full Employment Imperative (2003 Non Refereed Conference
- The Full Employment Imperative (2003 Refereed Conference
- A Future that Works: economics, employment and the environment (2004 Conference Proceedings)
- Creating a Culture of Full Employment (2005 Conference Proceedings All 5 publications - only $20!

Please find attached details of our offer including order form.

Monetary Economics

An Integrated Approach to Credit,Money, Income, Production and Wealth
This book challenges the mainstream paradigm, which is based on the inter-temporal optimisation of welfare by individual agents. It introduces a new methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets (including money) and liabilities, thereby determining how whole economies evolve through time. Starting with extremely simple stock flow consistent (SFC) models, the text describes a succession of increasingly complex models. Solutions of these models are used to illustrate ways in which whole economies evolve when shocked in various ways. Readers will be able to download all the models and explore their properties for themselves. A major conclusion is that economies require management via fiscal and monetary policy if full employment without inflation is to be achieved.
For detailed information: Monetary-flyer-Palgrave.pdf


Heterodox Associations, Institutes, and Departments

The Social Capital Foundation

Dear readers, colleagues, and partners from various institutions,

This is to announce the publication of The International Scope Review # 13. The editorial, by Otto Steiger, Alexi Danchev and Patrick Hunout, bears on "John Kenneth Galbraith, the Affluent Society and Social Capital". The articles, mostly drawn from the 2005 Malta conference of The Social Capital Foundation, bear on issues revolving around social capital.

If you wish to submit a paper, please revisit our policy statement page as well as the guidelines for authors; our evaluation principles (methodology, ethics and procedure) have been updated. For the near future, we would like to publish a special issue on democratic tax policy and the social market economy. Papers may of course be submitted on other topics as well, any time.

We also need your support. We expect to have more members in 2007 and would like you to consider the membership options at  Some new members could be involved in the Editorial Board and others in the creation of local chapters of The Social Capital Foundation or other projects.

Besides membership itself, small donations are also possible via

Finally, we remind you that registrations to the TSCF 2007 conference, to be held on November 15-19, 2007 in Hawaii, are now open. The conference this year is on Multiethnicity and Social Capital. We invite you to submit papers, but participation as a discussant or an attendant also is possible. Please have a look at the conference page of our site:  The deadline is very close to the conference date in order to allow a maximal number of participants to be involved. However, participants are advised not to wait until the deadline to submit, the fee being staggered.

With best wishes, and a Happy New Year 2007!

The TISR-TSCF team

The Social Capital Foundation
Post: B.P. 30, 1310 Terhulpen, Belgium

Post Keynesian Economics Study Group

To the members of the Post Keynesian Economics Study Group
Considerable time has elapsed since our previous meeting at Oxford Brookes in January 2006, a period during which a new committee has been organised and will now be responsible for the Group’s activities.
The new Committee consists of Giuseppe Fontana (Treasurer, Leeds), Mark Hayes (Secretary, Cambridge), Jonathan Perraton (Chairman, Sheffield), Claudio Sardoni (Rome and Cambridge), and Geoff Tily (Office for National Statistics).
The committee met in August 2006 and discussed the way forward. We expect to hold meetings twice a year in the Spring and Autumn, in the UK at present. We plan to establish a website to provide current and historical information about our activities, and are considering whether this can be used as a private space to publish working papers from members of the Group, in order to encourage debate and provide material for meetings. Any comments on this proposal will be welcome.
The first meeting is planned for Friday 25 May 2007 from 2pm – 6pm at Homerton College in Cambridge on the theme “Interpreting The General Theory”, including talks by Mark Hayes, Geoff Tily and hopefully at least one other invited speaker on their recently published books. Further details will be circulated in due course, but please put this date in your diary NOW!
In outline, we propose themes for further meetings as follows:
Autumn 2007 Post Keynesian perspectives on development economics
Spring 2008   The methodology of Post Keynesian economics
Autumn 2008 Theoretical controversies in Post Keynesian economics
Calls for papers will go out in due course.

Mark Hayes

Queries from Heterodox Economists

Chris Farrell

Entrepreneurial & Evolutionary Economics - How Technology Innovation Creates Economic Growth And Prosperity - Adapting Economic Analysis To Embrace Entrepreneurship - this heterodox delivery of previously unattainable results is a practical and intellectual toolbox with the following sections
• Adapting Economics To Embrace Entrepreneurship,
• The Difficulties Overcome,
• Two Missing Variables,
• Prior Research By Practitioners (S-curves),
• Evolutionary Interpretation of Prior Work,
• Measuring Technology Innovation,
• Economic Growth Driven Ultimately By R&D (numerical proof),
• Consequences For Measuring Inflation (eliminating the bias),
• Consequences For Cost Of Living (& new pension choice),
• The Engine In The Ship Of Entrepreneurship (& guidance for venture capital investors).
To find out more visit

Chris Farrell Ph.D., Chicago


For Your Information

Research Internships at AFL-CIO

Dear Friends and Colleagues,
I am writing to let you know about three exciting opportunities for new and seasoned researchers to become strategic researchers in the labor movement.
Would you please pass on the information below to your students, friends, and colleagues?
Thank you,

Charles Taylor, Coordinator
Research Recruitment Program
AFL-CIO Center for Strategic Research

Research Fellowships

Dear All,

I write to you to inform you of the research fellowships we have available for 2007-8.
We hope they might be of interest to you. Alternatively, you may know someone else who might be interested.
Our prime concern is to facilitate top quality research projects on Greece, with a policy relevance.
Applicants are expected to obtain the information materials from LSE’s Human Resources Division before they submit their application.

Sofia Christofidou
Hellenic Observatory Administrator
London School of Economics and Political Science
Tel:0044 (0)2079556066

Research Opportunities at Hellenic Observatory

European Institute

The Observatory promotes research, teaching and public debate on contemporary Greek politics, economy and society. It is currently expanding. As a result of external funding, we are pleased to announce the following fellowships for 2007-8:

Εθνική Τράπεζα της Ελλάδος / National Bank of Greece Senior Research Fellow / Research Fellow in Contemporary Greek Studies
Salary £36,018 to £49,775 pa Ref: 12/06/RES

Applicants are invited to propose research relevant to the work of the Observatory, intended to lead to high quality publications. Preference may be given to research proposals in political economy, public policy or political sociology.

Υπουργείο Οικονομίας και Οικονομικών / Ministry of Economy and Finance Senior Research Fellow / Research Fellow on the Political Economy of Greece’s Relations within South East Europe.
Salary £36,018 to £49,775 pa Ref: 13/06/RES

Applicants are invited to propose research relevant to the post, intended to lead to high quality publications with a policy focus. Preference may be given to research proposals focusing on one of the following: Energy Policy and Cooperation; FDI patterns; Implications of EU Enlargement for Greece; Public-Private Finance Partnerships

A. C. Laskarides Post-Doctoral Research Fellowship
Salary £36,018 to £41,723 pa Ref: 14/06/RES

Applicants are invited to propose research on one of the following subjects: Greek FDI in SE Europe; state regulation of private markets; innovation in social and welfare policies; Greece and the EU’s Balkan strategy; minorities and identity in modern Greece.

The fellowships are fixed term posts; each post is available for one year from 1 September 2007 or shared consecutively by two persons for six months. Applicants must already possess a PhD in a relevant area.
In each case, applicants are asked to first obtain the full application pack available from
If you cannot download the pack please email  or phone 020 7955 6737

For information on the Observatory, see  Informal enquiries may be made to: Professor Kevin Featherstone at the Observatory.

Closing date for all positions: 1 March 2007

Report on World Bank's Research Activities

Dear colleagues,

An external audit of all of the World Bank's research activities carried out between 1998 and 2005 has been posted on the Bank's web site following an article published last Friday by the Financial Times (copied below). The FT calls the audit a "scathing critique" of the WB's research practices, which consist of weeding out findings that contradict WB orthodoxy and selectively using favourable research to "proselytize" on behalf of Bank policy. The co authors of the audit are three US academics -- one of whom is a former IMF chief economist --, one current employee of the UNDP and one employee of the IFC. The report is particularly critical of the work of the Bank's trade specialists, who are found by the auditors to have generally ignored the costs of trade and investment liberalization. We have earlier reported on the failings of the Bank's free trade zealots in several postings to the IFI-L, noting that they have systematically exaggerated the benefits of trade and investment liberalization for developing countries. Ironically, the FT expects that the WB's development economics department will argue that the shoddy practices should be rewarded by allocating more resources to in-house "research". The full 165-page report has been posted on the Bank's web site:

Peter Bakvis


World Bank 'uses doubtful evidence to push policies'
By Eoin Callan in Washington
Financial Times, December 22 2006
The World Bank's use of questionable evidence to "proselytise" on behalf of its development policies has been sharply criticised by the first big external audit of the bank's use of research. A copy of the audit obtained by the FT found the bank often used research on globalisation "without taking a balanced view of the evidence" and ignored unfavourable research. The scathing critique is likely to heighten debate over the way in which the benefits of globalisation have been spread. The panel praised bank researchers' "extremely visible work on globalisation, on aid effectiveness, and on growth and poverty". But auditors also had "substantial criticisms of the way that this research was used to proselytise on behalf of bank policy, often without taking view of the evidence, and without expressing appropriate scepticism". The documents conclude: "Internal research that was favourable to bankpositions was given great prominence, and unfavourable research ignored." The probe examined World Bank research from 1998 to 2005 and was led by outside economists including Ken Rogoff, a former director at The International Monetary Fund, and Angus Deaton, a professor at Princeton.
The panel argued that the bank "has not done enough to compile comprehensive data on trade costs", arguing that information on "how industries, regions, firms, and households respond to changes in trade barriers" was fundamental to analysis of trade reform. François Bourguignon, World Bank chief economist, said the critique was "deep and thoughtful, and draws insights from among the best research expertise available". Mr Bourguignon indicated there were areas where he"broadly agreed with the report's recommendations and observations on bank research" as well as areas where he had reservations. The report has been submitted to Paul Wolfowitz, bank president, and is likely to be used to make the case for increased spending on economic research. Mr Bourguignon said it was particularly valuable in the "current environment of contracting research budgets". The report will be seized on by critics of the bank, but is unlikely to undermine significantly the World Bank's annual global economic outlook, which found grounds for optimism about the future for globalisation. The bank predicts not only that will the global economy do well in the next two years, but that globalisation between now and 2030 will proceed apace.---