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Issue 54: December, 12 2007

From the Editor

Shortly after I sent out the last issue of the Newsletter, I received an e-mail Dr. Rune Skarstein, a Norwegian economist, saying he was denied promotion to full professor because he did not publish in international peer-reviewed journals of high quality as represented by the ranking list found in Kalaitzidakis, P., Mamuneas, T. P., and Stengos, T. 2003. “Rankings of Academic Journals and Institutions in Economics.” Journal of the European Economic Association 1.6 (December): 1346 – 1366 ( ). The national committee making the decision stated that “Publication in good journals with a reasonably high impact factor forms a crucial criterion in assessing competency for a professorship” and then went on to state that all well regarded international peer-reviewed journals appeared in the above ranking and that for promotion to full professor, at least one paper should be published in a top ranked journal—see link to relevant documents. However, that list of journals does not include Capital and Class, Feminist Economics, Capitalism, Nature, Socialism, International Review of Applied Economics, Metroeconomica, Rethinking Marxism, Review of African Political Economy, Review of Political Economy, Review of Radical Political Economics, Science and Society, and a whole bunch of other heterodox journals; and the top ranked journals on the list are exclusively mainstream journals. Consequently, the use of such a list and ranking to make decisions about promotions and even employment decisions discriminates against heterodox economists.

When broaching the question about whether heterodox economists should develop an alternative ranking of heterodox journals, I am frequently met with complete denial for conducting such an exercise. Generally those who reject such an exercise are in secure academic positions with secure promotion prospects—that is American heterodox economists who do not have to face the impact of journal rankings. In addition, other heterodox economists seem to fear the exercise because they do not want their favorite journals identified as heterodox journals. Again these economists are often in secure positions. However, most heterodox economists around the world are not in secure positions and hence not immune from the impact of journal rankings. And it is these economists that a ranking of heterodox journals would potentially be most useful. Yet positive action has been impossible because, liberally quoting Clark Gable from ‘Gone with the Wind,’ “frankly Scarlett many heterodox economists don’t give a damn”. Give a damn and do something: contact Wolfram Elsner ( ) who is setting up a research project on ranking heterodox journals.

A final reminder, on Thursday, January 3, there is a special session at the ASSA in New Orleans: URPE turns 40 this year--and you are invited to a celebration of URPE’s anniversary. Time and Place: Thursday, January 3 from 4-6 pm in the Nottoway Room (fourth floor) in the Sheraton There will be a panel discussion featuring some of those who where “present at the creation”
Lourdes Beneria, Cornell University
Laurie Nisonoff, Hampshire College
Arthur MacEwan, University of Massachusetts, Boston
Howard Wachtel, American University

Frank Thompson, University of Michigan will moderate. There will be plenty of time for audience members to offer their own recollections of the "glorious days of yesteryear" and to think about URPE's accomplishments and future. Please do come and celebrate URPE's anniversary! (This information is also found at including a song by the Red Shadow - for the Red Shadow disc see
Following the URPE session, in the same hotel (on the second floor) the Association for Social Economics is having its plenary session which is open to all economists that support pluralism in economics. The reception after the session is co-sponsored by ICAPE:

Session: Inequality, Democracy, and the Economy
Thursday, January 3, 2008, 6:30 pm
Sheraton, Rooms Rhythms II and III
(second floor)
Presiding: John B. Davis, University of Amsterdam and Marquette University
Co-sponsors: National Economic Association, International Association for Feminist Economics, Union for Radical Political Economics
Dean Baker, Center for Economic and Policy Research
William J. Darity, Jr., Duke University
Lourdes Beneria, Cornell University

Be social and meet lots of different heterodox and pluralist economists—go to both sessions. The reception following the ASE plenary will have lots of food and drink for free.

One last thing, one the Newsletter’s web page ( ), there is the Heterodox Economics Calendar which gives all the dates of all the events that are listed in the Newsletter. Check it out if you are looking to go to a conference at some particular time in the year or if you are planning a conference in the future.

Given the arrival of the holiday season (at least for me), this will be the last Newsletter until January. Those who will be in the holiday mood, have a pleasant and relaxing time—eat, drink, and be merry.

Fred Lee

In this issue:
  Call for Papers
  - The 10th International Post Keynesian Conference
- Graduate Summer School in Post Keynesian Economics
- 10th Anniversary Conference of the Association for Heterodox Economics
- 5th International Conference “Developments in Economic Theory and Policy
- European Social Science History Conference
- Path Dependencies of Businesses, Institutions, and Technologies
- 3rd EAEPE Symposium on Markets as Institutions: History and Theory
- A Panel on Anarchism, Labour and Syndicalism
- How Class Works- 2008
- SGE Annual Conference
  Conferences, Seminars and Lectures
  - SOAS Seminars on Money, Finance and Development
- À Sciences-Po (Salle à confirmer)
- The historical place of the “Friedman-Phelps expectations critique
- APORDE- African Programme on Rethinking Development Economics
- Expanding Connections for Business History
- Flows of People and Money Past, Present and Future
  Job Postings for Heterodox Economists
  - The Levy Economics Institute of Bard College
- The University of Rhode Island
- University of Manitoba
- Franklin College
  Heterodox Conference Papers and Reports and Articles
  - Florida and Climate Change: The Costs of Inaction
- Industrial Livestock Firms Saved $35 billion from Low Feed Prices
- Living High on the Hog
  Heterodox Journals and Newsletters
  - Levy News
- Journal of Economic Methodology
- International Journal of Political Economy
- Metroeconomica
- Historical Materialism
- Revista de Economía Institucional
- Challenge
- International Labour Review
  Heterodox Books and Book Series
  - Environmental and Natural Resource Economics: A Contemporary Approach
- Economists' Lives: Biography and Autobiography in the History of Economics
- The Evolution Of Economic Institutions
- A House of Cards
- Growth and Crisis: Social Structure of Accumulation Theory and and Analysis
- Critical Political Economy
- A Biographical Dictionary Of Australian And New Zealand Economists
- Imagining Economics Otherwise: Encounters with Identity/Difference.
- Advances in Heterodox Economics
- Reclaiming the Economy
- Pluto Press- New Books
  Heterodox Book Reviews
  - Money, Distribution and Economic Policy
- The Feminist Economics of Trade
- Los Costes Sociales De La Empresa Privada (Antologia)
  Heterodox Web Sites
  - Working Class Studies Association Website
- Economists for Full Employment
  Queries from Heterodox Economists
  - Help for Setting Up Courses in Heterodox Economics
  For Your Information
  - Payday Loan Industry
- GDAE Teaching Modules
- New Orleans Today
- New Orleans Labor Media
- EAEPE Materials
- Third Annual AFIT Student Research Competition Winners
- Garda Summer School

Call for Papers

The 10th International Post Keynesian Conference

Call for Papers
Theme: Post Keynesian Economic Policy
June 29- July 1, 2008
Kansas City- Missouri USA

More information will be forthcoming at  and  websites.
Contact: Heather Starzynski ( )

Graduate Summer School in Post Keynesian Economics

Call for Papers
June 26-28, 2008
University of Missouri- Kansas City and Center for Full Employment and Price Stability (CFEPS)
The faculty should submit a proposal for 1 hour class with class title and summary.
More information will be forthcoming at
Contact: Heather Starzynski ( )

10th Anniversary Conference of the Association for Heterodox Economics

4-6 July, 2008
Anglia Ruskin University, Cambridge
The Tenth Anniversary Conference of the Association of Heterodox Economics (AHE) will be held at Anglia Ruskin University, Cambridge from Friday 4th to Sunday 6th July 2008.
In ten years the AHE has established a reputation as a major national and international forum for the discussion of alternatives to mainstream economics, and for the interdisciplinary and pluralistic nature of its discussions. In this anniversary year we particularly encourage submissions on
(1) the state of economic heterodoxy and pluralism, and the relation between them
(2  experiences and difficulties in teaching heterodox and pluralist economics
(3) environmental and ecological economics
The conference invites submissions of single papers or sessions which conform to these aims, or address other issues in the social sciences from standpoints which differ from or critically examine the economic mainstream. A feature of the AHE is as a pluralist forum for dialogue, and we encourage proposals for sessions which address a single issue or theme from a variety of viewpoints or disciplines.
The international character of the conference has been a vital factor in its growing success. Scholars requiring documentation in support of visa or funding applications should indicate this in their initial submission. At present the AHE regrets that it has no funds to provide financial support, but is actively seeking it and welcomes proposals from participants regarding organizations for the AHE contact in search of support for participants from outside the US and European Union.
To facilitate dialogue and timetabling, participants whose initial submission is successful must provide a full paper by the deadline of Sunday 20th April. They should also register by Sunday May 18th, and will be expected to take part in at least two full days of the conference, in order to be included in the final programme. Participants should also be prepared to serve as discussants and/or session chairs.
This year poster sessions will also be organized for postgraduate or postdoctoral students who would like to discuss their work with others but are not yet in a position to provide a full paper.
The conference language is English.
Guidelines for submission
This year there will be two types of session, normal sessions and poster sessions. Normal sessions will be 90 minutes long and will usually consist of two papers with at least one discussant. Arrangements for poster sessions, which are intended to encourage new work by postgraduate or postdoctoral students, will depend on the number of submissions and will be announced nearer the date of conference.
Proposals for single papers: please send an abstract of not more than 500 words by email only to the local organiser, Ioana Negru ( ), AND the AHE coordinator, Alan Freeman ( ). Text, HTML, Word and PDF format attachments are acceptable. Please indicate in your submission whether your paper is intended for a normal or poster session.
Proposals for complete sessions: please send a description of the session of not more than 500 words together with the names and email addresses of the proposed speakers, and attaching abstracts for their presentations of not more than 500 words each for each paper. Please send these by email only to Ioana Negru and Alan Freeman, as above.
Proposals for either single papers or complete sessions should be received by Sunday 27th January.
The AHE Committee will consider all abstracts and will notify you of acceptance or rejection of your proposal by Monday 11th February 2008.
Those whose abstracts have been accepted for a normal session must send their full paper by Sunday 20th April 2008 and must register, for a minimum of two days of the conference, by Sunday 18th May 2008.
To see details of previous conferences, and to keep up to date with the 2008 conference and other AHE activities please visit:

5th International Conference “Developments in Economic Theory and Policy

The Department of Applied Economics V of the University of the Basque Country and the Cambridge Centre for Economic and Public Policy, Department of Land Economy, of the University of Cambridge, are organizing the 5th International Conference “Developments in Economic Theory and Policy”. The Conference will be held in Bilbao (Spain), in July 10-11, 2008.

Although papers are invited on all areas of economics, papers about the following topics are especially welcome:
- New Consensus in Macroeconomics
- Spatial Economics
- European Convergence
- Policy/Path Dependence and Macroeconomics

Special Sessions with Invited Speakers will be organized about these four topics

Suggestions for ‘Organized Sessions’ are encouraged. An Organized Session is one session constructed in its entirety by a Session Organizer and submitted to the conference organizers as a complete package. Session organizers must provide the following information:
- Title of the session, name and affiliation of the organizer, name and affiliation of chair (if different than organizer)
- Titles of the papers, name(s) and affiliation(s) of author(s)
- Contact information for each participant (name, address, telephone and fax numbers, email address).

People willing to organize a session on a specific topic who want to contact with other people interested in presenting a paper in that session can get in touch with Jesus Ferreiro ( ) submitting the following data:
- Organizer’s name and affiliation
- Title of the proposed sessions and JEL classification
- E-mail address
This information will be published in the conference website. People interested will be able to contact with the session’s proposer to organize the session.

The deadline to submit papers and ‘Organized Sessions’ is 30th May 2008.

For additional information, you can contact with Jesus Ferreiro ( ) or visit the website

European Social Science History Conference

Proposed and Suggested Sessions
The Economics Network of the European Social Science History Conference has a preliminary list of suggested and proposed sessions for the European Social Science History Conference in Lisbon, Portugal, February 27 - March 1, 2008.

Path Dependencies of Businesses, Institutions, and Technologies

Studying Path Dependencies of Businesses, Institutions, and Technologies on February 28-29, 2008 is organized by the path dependency research centre of the Freie Universität Berlin, which welcomes contributions from economists, sociologists, historians and political scientists.

3rd EAEPE Symposium on Markets as Institutions: History and Theory

The deadline for submitting papers to the 3rd EAEPE Symposium on MARKETS AS INSTITUTIONS: HISTORY AND THEORY to be held in Athens is approaching quickly. Please submit your paper before the Dec 15th 2007.
For more information visit the EAEPE website using the following link:

A Panel on Anarchism, Labour and Syndicalism

With a view to the forthcoming 1st Anarchist Studies Network Conference (Loughborough University, Sept. 2008), we would like to organise a workshop on syndicalism or more generally on issues related to anarchism and the labour movement. The theme will be understood in its broadest sense, with no specific geographical or period restriction. Possible topics (by no means exclusive) could include:

- the everyday practice of syndicalism in the workplace or the unions
- the relationship of syndicalist militants with more reformist elements within the unions, in the workplace or during strikes, and with marxists
- theories of syndicalism and their legacy
- comparative studies of syndicalist movements or theories
- biographies of prominent as well as lesser-known syndicalist militants
- syndicalist networks
- syndicalist papers
- the transnational diffusion of syndicalism
- strategies associated with syndicalism (sabotage, the general strike…)
- syndicalism and parliamentary politics
- syndicalism and war
- syndicalism and marxism
- syndicalism and councilism

For further details and submissions, please contact or Constance Bantman ( ) or Dave Berry ( ).

How Class Works- 2008

A Conference at SUNY Stony Brook
June 5-7, 2008

The Center for Study of Working Class Life is pleased to announce the How Class Works – 2008 Conference, to be held at the State University of New York at Stony Brook, June 5 - 7, 2008. Proposals for papers, presentations, and sessions are welcome until December 17, 2007 according to the guidelines below. For more information, visit our Web site at <>.

Purpose and orientation: The conference seeks to explore ways in which an explicit recognition of class helps to understand the social world in which we live, and ways in which analysis of society can deepen our understanding of class as a social relationship. Presentations should take as their point of reference the lived experience of class; proposed theoretical contributions should be rooted in and illuminate social realities. Presentations are welcome from people outside academic life when they sum up social experience in a way that contributes to the themes of the conference. Formal papers will be welcome but are not required. All presentations should be accessible to an interdisciplinary audience.

Conference themes: The conference welcomes proposals for presentations that advance our understanding of any of the following themes.

The mosaic of class, race, and gender. To explore how class shapes racial, gender, and ethnic experience and how different racial, gender, and ethnic experiences within various classes shape the meaning of class. Special focus: the legacy of Theodore W. Allen’s work on the invention of the white race and its implications in the new racial and ethnic mix of 21st century U.S. society.

Class, power, and social structure. To explore the social content of working, middle, and capitalist classes in terms of various aspects of power; to explore ways in which class and structures of power interact, at the workplace and in the broader society.

Class and community. To explore ways in which class operates outside the workplace in the communities where people of various classes live.

Class in a global economy. To explore how class identity and class dynamics are influenced by globalization, including experience of cross-border organizing, capitalist class dynamics, international labor standards.

Middle class? Working class? What's the difference and why does it matter? To explore the claim that the U.S. is a middle class society and contrast it with the notion that the working class is the majority; to explore the relationships between the middle class and the working class, and between the middle class and the capitalist class.

Class, public policy, and electoral politics. To explore how class affects public policy, with special attention to health care, the criminal justice system, labor law, poverty, tax and other economic policy, housing, and education; to explore the place of electoral politics in the arrangement of class forces on policy matters. Special focus: class, health, and health care.

Class and culture: To explore ways in which culture transmits and transforms class dynamics.

Pedagogy of class. To explore techniques and materials useful for teaching about class, at K-12 levels, in college and university courses, and in labor studies and adult education courses.

How to submit proposals for How Class Works – 2008 Conference

Proposals for presentations must include the following information: a) title; b) which of the eight conference themes will be addressed; c) a maximum 250 word summary of the main points, methodology, and slice of experience that will be summed up; d) relevant personal information indicating institutional affiliation (if any) and what training or experience the presenter brings to the proposal; e) presenter's name, address, telephone, fax, and e-mail address. A person may present in at most two conference sessions. To allow time for discussion, sessions will be limited to three twenty-minute or four fifteen-minute principal presentations. Sessions will not include official discussants. Proposals for poster sessions are welcome. Presentations may be assigned to a poster session.

Proposals for sessions are welcome. A single session proposal must include proposal information for all presentations expected to be part of it, as detailed above, with some indication of willingness to participate from each proposed session member.

Submit proposals as hard copy by mail to the How Class Works - 2008 Conference, Center for Study of Working Class Life, Department of Economics, SUNY, Stony Brook, NY 11794-4384 or as an e-mail attachment to <>. 

Timetable: Proposals must be received by December 17, 2007. Notifications will be mailed on January 16, 2008. The conference will be at SUNY Stony Brook June 5- 7, 2008. Conference registration and housing reservations will be possible after February 15, 2008. Details and updates will be posted at

SGE Annual Conference

Washington, DC, Monday, June 2, 2008
Health Care, Aging, and Future Policy Challenges

The Society of Government Economists (SGE) is now accepting submissions of papers and sessions for its 2008 conference in Washington, DC. Special consideration will be given to submissions of full sessions (3-4 papers) on a topic related to this year’s theme.
SGE is also seeking volunteers to serve on the organizing committee. Committee members would play a key role in the coordination and planning of sessions. Interested parties should contact the SGE Conference Committee Chair Steven Payson as soon as possible at:
Possible conference sessions would address some of the following U.S. future policy challenges:

• Health Care Costs
• Access to Health Care
• The Uninsured
• Aging
• Social Security
• Immigration
• Climate Change
• Energy Resources
• Budget Deficits
• Income inequality and Volatility
• Outsourcing
• Housing prices
Proposal Submission: Please submit a one-page abstract (including name, postal and e-mail address) by February 1, 2008 to
Click here for a pdf copy of this announcement. 


Conferences, Seminars and Lectures

SOAS Seminars on Money, Finance and Development

The Research Group Money, Finance and Development, convened by Costas Lapavitsas, is organising the following talk on the 12th December 2007:

Ismail Erturk (Manchester Business School): ”Financial Innovation, Institutional Reinvention and Crisis”

The presentation analyzes how banks have reinvented themselves over the last decades through a series of financial innovations, transforming their traditional role as financial intermediaries, and how these transformations are related to the financial crisis of August 2007.

Wednesday, 12th December 2007
SOAS, Brunei Gallery, Room B111

Ismail Erturk is Senior Fellow in Banking at the Manchester Business School. His current research interests include financialization and financial innovation, investigated as part of an inter-disciplinary team at CRESC at the University of Manchester. He has published widely, among others in the Review of International Political Economy and Competition and Change.

À Sciences-Po (Salle à confirmer)

Vous êtes cordialement invités aux deux séminaires qui auront lieu


À Sciences-Po (Salle à confirmer)

Dans le cadre d’ECOPOL, séminaire d’économie politique

James FORDER (Balliol College, Oxford, Royaume-Uni)
Co-éditeur, Oxford Economic papers
“Friedman’s Nobel Lecture reconsidered”

Les organisateurs : Emiliano Grossman, Nicolas Jabko, et Cornelia Woll

The historical place of the “Friedman-Phelps expectations critique


A L’OFCE Salle du Rez-de-Chaussée

James FORDER (Balliol College, Oxford, Royaume-Uni)
Co-éditeur, Oxford Economic papers
“The historical place of the “Friedman-Phelps expectations critique”
Discutant : Frédéric Reynès (OFCE)

Organisateur : Jérôme Creel

Les deux séminaires se dérouleront en anglais

Renseignements :
A Sciences-Po : Vincent Morandi (
A l’OFCE : Valérie Richard ( )

APORDE- African Programme on Rethinking Development Economics

May / June 2008
Stellenbosch, South Africa

Organised by The Department of Trade and Industry (DTI) with
the Embassy of France in South Africa and the French Institute of South Africa (IFAS)

After the success of the first African Programme on Rethinking Development Economics (APORDE) in 2007, we are pleased to announce that APORDE will take place again in 2008. The APORDE web site has been launched; it aims to provide those interested in development issues and policies with food for thought and action drawn from the work of some of the world's leading non-mainstream economists, as well as with information on the APORDE programme and on like-minded initiatives. A blog (Rethinking Development), jointly run by alumni of APORDE and CAPORDE, will soon be launched.
While there has been an increased questioning of the neo-liberal domination in policy making, the supply of critical and constructive responses remains poor. The situations in most developing countries are particularly preoccupying, since governments and civil societies are weakly equipped to respond critically to external initiatives aimed at their development and to generate endogenous strategies. Due to, among other things, resource constraints, researchers and students from developing countries tend to rely on a small number of standard textbooks and the publications from the multilateral financial institutions, which severely restricts their exposure to alternative approaches. Sub-Saharan Africa is probably most affected by the poor availability of cutting-edge research and teaching in non-orthodox economics. The influence of neo-liberal economics in the continent has precluded the exploration of more proactive state involvement to support economic development and reduce poverty. The tide is, however, gradually turning: the need for "more" (rather than merely "better", which in neo-liberal terms has proved to mean "less") state intervention in economic affairs is increasingly recognised. Crucially, economic take-off appears bound to remain a pipedream if it is premised on unabated liberalisation rather than developmental trade and industrial policies. The latter would represent a qualitative leap in the nature of state intervention, which is currently typically limited to "creating favourable conditions".
The shortcomings of "populist", or neo-populist, alternatives to the neo-liberal orthodoxy will be discussed. These alternatives, which tend to focus on specific issues, for instance the environment or "extreme poverty", have caught the public's attention and contributed to the ongoing reformulation of the mainstream development discourse. One of the most striking examples of the (sometimes combined) failure of both neo-liberal and neo-populist theories is land reform, which will be discussed in APORDE.

APORDE will allow talented academics, policy makers and civil society representatives from Africa (and, to a lesser extent, from Asia and Latin America) to gain access to alternatives to mainstream thinking on development issues and to be equipped in a way that will foster original thinking. Participants will receive intensive high-level training, interact with some of the best development economists in the world and with other participants.
APORDE will cover essential topics in development economics, presenting views that are critical of the mainstream and neo-populist views. These will include industrial policy, poverty, financial crises and violent conflicts. Lectures will equip participants with key information pertaining to both mainstream and non-mainstream approaches to each topic. Day lectures will last for three and a half hours, while a number of shorter evening lectures will also be organised. Several research workshops will be held around overarching themes.
All costs incurred by participants – travelling, accommodation, conference fees and per diem – will be covered.
The seminar will be held in Stellenbosch during May / June 2008. Exact dates and venue to be confirmed.
[ Provisional Programme: ]
[ Aporde website: ]

It is necessary that participants demonstrate first-class intellectual capacity and (at least some) prior knowledge in economics, as well as proficiency in English. However, the objective of APORDE is to draw participants from a broad range of backgrounds. People with no formal qualifications, but who have demonstrated exceptional capacity in their professional lives, are invited to apply.
The main body of participants will be drawn from Africa, but we welcome applicants from Asia and Latin America who have research or work experience related to Africa.
Prospective applicants should send
- a Curriculum Vitae;
- an official transcript (showing courses taken and grades obtained);
- 2 (two) letters of reference, where possible 1 academic referee and 1 professional, which should be sent directly to or faxed to +27 11 836 5850;
- an essay of no more than 1500 words stating how they would benefit from APORDE.
Applications should be accompanied by a cover letter indicating the applicants' full contact details (including e-mail address and telephone numbers). For those whose main medium of instruction during their education was not English, proof of English proficiency will be necessary. Results of standard English proficiency tests (e.g. TOEFL or IELTS) will be preferable, but other proof may also be accepted (e.g., a sample of written work in English).
Applications should be sent to  to the attention of Nicolas Pons–Vignon. The application should reach Nicolas Pons-Vignon at the latest by midnight on Monday 10 December 2007. Incomplete or late applications will not be considered.
Please note that individual acknowledgement of applications will be sent by e-mail only. Candidates will be notified by e-mail of the outcome of their applications by the end of February 2008.

Expanding Connections for Business History

The Business History Conference's 2008 annual meeting on April 10-12 is hosted by the California State University at Sacramento. Its theme is "Expanding Connections for Business History," with the goal of reaching across disciplines and audiences.

Flows of People and Money Past, Present and Future

The XXXIInd Political Economy of the World-System (PEWS) Conference of the PEWS section of the American Sociological Association takes place April 24-26, 2008 at Fairfield University, Connecticut with the theme "Flows of People and Money across the World-System."


Job Postings for Heterodox Economists

The Levy Economics Institute of Bard College

Research Scholar, The Distribution of Income and Wealth
Job Description:
The Levy Economics Institute of Bard College invites applications for two Research Scholar positions in the program on distribution of income and wealth. The scholar will collaborate with a team of economists on updating and extending the Levy Institute Measure of Economic Well-Being (LIMEW). The successful candidate would be capable of developing analyses of well-being and deprivation using the LIMEW and its components. Special consideration will be given to candidates with research interests in issues of international comparisons of living standards and measurement of poverty. Given the broad nature of our measure, a wide variety of research interests can be complementary to the project. More information on the LIMEW project can be found at
A completed Ph.D. is required, but candidates expecting the degree in the immediate future will also be considered. We also expect the candidate to possess solid quantitative skills and familiarity with analyzing microdata using SAS or Stata.
Minorities and women are encouraged to apply. Please submit a letter of interest, current CV, references, and sample papers to Human Resources #11007, Bard College, PO Box 5000, Annandale-on-Hudson, NY 12504-5000, or fax to 845 758 7826. AA/EOE.
JEL Codes: D3 (Distribution), D6 (Economic Welfare) and I3 (Welfare and Poverty)


Director of Corporate Governance

UNITE HERE Canada is looking for a Director of Corporate Governance to assist workers and their benefit funds in creating an effective program for corporate reform and accountability. The program will support initiatives that effectively protect worker's assets in the financial markets.

The position will involve working with union pension funds to safeguard the investments of workers and their benefit funds by promoting independent and accountable conduct by corporate boards, reasonable executive compensation, and sound environmental, human rights, human resources and business policies.

The applicant will be responsible for developing and maintaining strong relationships with institutional shareholders, financial market regulators, and the Canadian labour movement. The position requires an advanced degree in finance, economics, law or business or equivalent experience. Previous work experience with the Canadian labour movement or institutional shareholders is preferred. An ability to work in both French and English is an asset.

UNITE HERE represents 50,000 members across Canada and 450,000 in North America. Its members work in apparel and textile manufacturing, hotels and foodservice, gaming and auto parts as well as other manufacturing. UNITE HERE is a member of the Canadian Labour Congress and the Change to Win Federation.

Please respond directly to Alex Dagg, UNITE HERE Canada Co-Director, at  No telephone inquiries please.

The University of Rhode Island

TITLE: Assistant Professor, Economics
Department: Economics
Union: AAUP Acad
This is a tenure-track appointment for Fall of 2008 for a specialist in History of Economic Thought and Contemporary Heterodox Approaches.
Teach undergraduate courses in economics including courses in History of Economic Thought and Current Heterodox Approaches, maintain a scholarly research program, advise undergraduate students and participate in departmental governance and service.
Required: Ph.D. in economics awarded by August 2008; area of specialization in History of Economic Thought and Current Heterodox Approaches; evidence of excellence in teaching and scholarship.

Submit (no emails or faxes, please) a letter of application, vita, three current letters of professional recommendation, evidence of teaching excellence, a recent sample of scholarly writing, and copies of transcripts (letters of reference and transcripts may arrive after the deadline but should be submitted as soon as possible), postmarked by 01-04-08 to:
Richard P. McIntyre, Search Chair
Requisition # 12033
University of Rhode Island
PO Box G
Kingston, RI 02881
An Affirmative Action/Equal Opportunity Employer
URI is also an NSF ADVANCE institutional transformation university, working to advance the careers of women faculty, especially in the science and engineering disciplines.

University of Manitoba

Department of Economics Headship
Faculty of Arts

Position Vacancy # CA666 & 06727

The Department of Economics, Faculty of Arts at The University of Manitoba invites applications and nominations for the position of Head of the Department of Economics. The successful candidate must hold a PhD and will be appointed to a tenured position within Economics at the rank of Associate Professor or Professor commensurate with qualifications and experience. The appointment as Head is normally for a five year period to begin July 1, 2008 or soon thereafter.

The administrative duties of Department Heads in the Faculty of Arts are governed by University Policy 1009 and also by the terms of collective agreements and the policies and protocols of the Faculty of Arts.

The criteria to be used in assessing candidates for the Headship will include the applicant=s or nominee=s performance in teaching, research and service, the ability to represent the interests of the Department in working with the Dean and other Heads of Departments, the ability to foster and promote the success of the Department=s academic staff, the ability to sustain a positive working environment for faculty, support staff and graduate students, and the ability to respond effectively to both undergraduate and graduate student issues.

Short-listed candidates for the position will be expected to address a public forum of faculty, support staff, and students.

The University of Manitoba encourages applications from qualified women and men, including members of visible minorities, Aboriginal peoples, and persons with disabilities. All qualified candidates are encouraged to apply; however, Canadians and permanent residents will be given priority.

Confidential applications and nominations should include a curriculum vitae, a letter of intent and three confidential letters of reference and should be received no later than noon on February 29, 2008. All materials should be sent to:

Dr. Richard Sigurdson, Chair
Economics Headship Search Advisory Committee
Dean’s Office, Faculty of Arts
University of Manitoba
310 Fletcher Argue Building
Winnipeg, Manitoba R3T 2N2

Further information concerning the Department and the University may be obtained from

Application materials, including letters of reference, will be handled in accordance with the Freedom of Information and Protection of Privacy Act (Manitoba).

Franklin College

Please be informed that Franklin College is seeking candidates for a position as Provost and Vice President for Academic Affairs. The desired profile is one of a strategic thinker and educational innovator who can lead Franklin through a period of transition towards a University model including support of research, scholarship, and graduate programs.

For more details, please see the full announcement at

or the ad with the Chronicle of Higher Education at



Heterodox Conference Papers and Reports and Articles

Florida and Climate Change: The Costs of Inaction

GDAE's Dr. Elizabeth A. Stanton and Dr. Frank Ackerman are the authors on a new report commissioned by Environmental Defense, "Florida and Climate Change: The Costs of Inaction." The report is the first detailed analysis on the potential consequences of continued climate change for the state's economy. The report concludes that if left unchecked, climate change will significantly harm Florida's economy in the next several decades, and that impacts on just three sectors - tourism, electric utilities, and real estate - together with effects of hurricanes would shrink Florida's Gross State Product by 5%, or $345 billion in today's dollars, by the end of this century.

Business as usual, continuing current emission trends, could lead to 10 degrees (F) of warming and 45 inches of sea level rise, along with more intense hurricanes, for Florida by 2100. Alternatively, under a rapid stabilization scenario, Florida might experience only 2 degrees (F) of warming, 7 inches of sea level rise, and little if any change in hurricane patterns, by the end of the century. The report spells out the difference between these two futures for Florida, identifying many other areas of economic and environmental impacts beyond those for which costs could be estimated.

"The bad news is that unconstrained climate change will hit Florida's economy hard," said Dr. Frank Ackerman, one of the report's lead authors.
"But the good news is that these impacts can largely be avoided by taking action in the near future to rapidly stabilize overall emissions of the greenhouse gas emissions that cause climate change."

The release of the report on November 28 was covered by the Miami Herald and many other Florida publications and radio and TV stations, along with Reuters, the Associated Press, and Businesswire. Outside of Florida, the story appeared in the Houston Chronicle, the websites of Forbes, ABC News, CBS News, and, as well as numerous business journals and local newspapers, and several European news publications and websites.
Download the full report here in either High Resolution (12MB) or Low Resolution (2.5MB)
See Environmental Defense's press release here
Read more about GDAE's work on the Economics of Climate Change

Industrial Livestock Firms Saved $35 billion from Low Feed Prices

GDAE announces two new publications on the implicit subsidies to factory farms from U.S. agricultural policies:
Feeding at the Trough:
Industrial Livestock Firms Saved $35 billion from Low Feed Prices
By Elanor Starmer and Timothy A. Wise
GDAE Policy Brief No. 07-03, December 2007 
Building on its work on the implicit subsidies from low-cost feed to industrial hog and broiler chicken operations, this new policy brief estimates the gains to five livestock sectors – hogs, broilers, eggs, beef cattle, and dairy – from below-cost feed. Between 1997 and 2005, factory farms saved an estimated $3.9 billion per year because they were able to purchase corn and soybeans – the main components of most feed mixtures – at prices below what it cost to produce the crops, a reduction amounting to 5%-15% of operating costs, depending on the sector. Estimated savings to industrial hog, broiler, egg, dairy, and cattle operations totaled nearly $35 billion over the nine-year period.

Living High on the Hog

New from GDAE’s “Feeding the Factory Farm Project:”
Living High on the Hog: Factory Farms, Federal Policy, and the Structural Transformation of Swine Production
by Elanor Starmer and Timothy A. Wise
GDAE Working Paper No. 07-04, December 2007 
Agricultural policy reforms in 1996 stimulated overproduction for many U.S. row crops, driving prices to levels below farmers’ costs of production. Farm subsidies made up only a portion of the difference, leaving most family farmers worse off. The real beneficiaries of below-cost commodities were agribusiness firms, the main consumers of such products. In this new study, GDAE researchers estimate the savings to industrial hog operations from cheap feed, mixed primarily from corn and soybeans priced below production costs. From 1997-2005, feed was priced an estimated 26% below cost, giving firms a 13% savings on operating costs. As a group, factory hog farms saved an estimated $945 million per year, a nine-year savings of $8.5 billion.

This “implicit subsidy” from low-priced feed gave factory farms a competitive advantage over diversified hog farmers who grew their own crops. Factory farms also gained from the externalized costs of pollution from their large manure concentrations. GDAE researchers estimate that forcing industrial hog farms to internalize the costs of just surface water contamination could have added up to 11% to their operating costs.

Researchers conclude that in an economic climate of full-cost feed and with more stringent environmental regulation, factory hog farms would see their operating costs rise by between 17.4% and 25.7%. This could virtually eliminate the apparent cost advantage industrial hog operations have over mid-sized diversified hog producers.

For more on GDAE’s “Feeding the Factory Farm Project”:
For more on GDAE’s Globalization and Sustainable Development Program:


Heterodox Journals and Newsletters

Journal of the History of Economic Thought

Volume 29 Issue 4  is now available online at informaworld ( ).

This new issue contains the following articles:

Authors: Vincent Barnett

Authors: Mark Thornton

Authors: Luca Fiorito

Authors: Robert P. Murphy

Authors: Maria Eugénia Mata

Authors: Philip Mirowski

Levy News

Digital Newsletter of The Levy Economics Institute of Bard College
November 20, 2007

Volume 16, No. 3
The Summary, published three times a year, is aimed primarily at an academic audience. It updates current Levy Institute research with synopses of new publications, special features on continuing research projects, accounts of professional presentations by the research staff, and an overview of Levy Institute events. This issue features the 16th Annual Hyman P. Minsky Conference, “Global Imbalances: Prospects for the U.S. and World Economies,” hosted by the Institute as part of its State of the U.S. and World Economies program.

Volume 17, No. 4

The Report, a quarterly newsletter, is aimed at a diverse general audience interested in policy matters. It includes interviews with prominent scholars and public officials who can provide insights into current topics of debate, editorials by Levy Institute research staff, summaries of new publications, synopses of conferences and other events, and news of the Institute and its scholars.

November 27, 2007


What Are the Relative Macroeconomic Merits and Environmental Impacts of Direct Job Creation and Basic Income Guarantees?
Working Paper No. 517
Research Scholar Pavlina R. Tcherneva explores the macroeconomic viability of income and job guarantee policies in the context of modern monetary production economies. An effective safety net must guarantee both a source of income and work, and it is important to tie the provision of income to community participation (e.g., the Jefes job guarantee program in Argentina). Moreover, employer-of-last-resort programs can be designed to include employment that enhances environmental sustainability.

Fiscal Deficit, Capital Formation, and Crowding Out in India: Evidence from an Asymmetric VAR Model
Working Paper No. 518

Research Associate Lekha S. Chakraborty finds no evidence of direct or financial crowding out in India. Rather, public infrastructure investment crowds in private corporate investment in the medium and long terms. This result has crucial policy implications.

December 4, 2007


Public Employment and Women: The Impact of Argentina’s Jefes Program on Female Heads of Poor Households
Working Paper No. 519
At its peak, the Jefes program in Argentina included two million workers (13 percent of the labor force) and the majority of workers were women. In light of government attempts to dismantle the program in favor of more traditional “reforms” to deal with poverty and unemployment (because of a lack of understanding of its benefits), there is a danger that many women will return to relative isolation within their substandard homes and communities.

Nurkse and the Role of Finance in Development Economics
Working Paper No. 520

Ragnar Nurkse was a theorist of economic development who questioned orthodox Ricardian trade theory as the basis for development policies. He believed that development was demand-constrained and that “balanced” growth should support the industrialization of “undeveloped” economies. On the 100th anniversary of his birth, Senior Scholar Jan Kregel provides a critical retrospective of Nurkse’s contribution to development economics; in particular, his views on the importance of employment policy in mobilizing domestic resources and the difficulties of using external resources to finance development.

December 11, 2007


Lessons from the Subprime Meltdown
Working Paper No. 522

Hyman P. Minsky’s insights about modern capitalist economies can help us analyze the evolution of financial markets that brought us to the present crisis. An unconstrained speculative boom is partly due to mass delusion propagated by policymakers. However, a large part of the blame must be placed on the relative stability of the past few decades. The current crisis represents a failure of the big-government, neoconservative (neoliberal) model. Minsky provides guidance for the development of a more sensible model that includes a revision of monetary policy (e.g., enhanced oversight of financial institutions). It is time to rethink the reforms of the New Deal and create new institutional constraints to prevent “it” from happening again, observes Wray.

Earnings Functions and the Measurement of the Determinants of Wage Dispersion: Extending Oaxaca’s Approach
Working Paper No. 521
In a pathbreaking paper, Ronald Oaxaca (1973) proposed a technique to decompose the relative wage gap between two population subgroups. The authors extend Oaxaca’s approach to include any number of groups, and combine techniques used in the fields of income inequality measurement and labor economics to analyze the determinants of the overall wage dispersion. An empirical illustration is based on income surveys in Israel.

Journal of Economic Methodology

Volume 14 Issue 4  is now available online at informaworld ( .

This new issue contains the following articles:

Introduction: Thomas Schelling's distinctive approach p. 403
Authors: S. Abu Turab Rizvi

Player heterogeneity and empiricism in Schelling p. 409
Authors: Alessandro Innocenti

Models, conjectures and exploration: an analysis of Schelling's checkerboard model of residential segregation p. 429
Authors: N. Emrah Aydinonat

Some like it cold: Thomas Schelling as a Cold Warrior p. 455
Authors: Esther-Mirjam Sent

Realism, closed systems and abstraction p. 473
Authors: Stephen Pratten

Reorienting critical realism: a system-wide perspective on the capitalist economy p. 499
Authors: Andrew Brown

International Journal of Political Economy (Vol. 36, no. 3, Fall 2007)

Volume 36 Number 3 / Fall 2007 of International Journal of Political Economy is now available on the web site at

This issue contains:

Editor's Introduction


Mario Seccareccia

Are Full Employment Policies Obsolete?


Fernando J. Cardim de Carvalho, G. Julio López

Full Employment: Can It Be a Key Policy Objective for Europe?


Alain Parguez, Jean-Gabriel Bliek

Seeking Full Employment in a Modern World


Joëlle J. Leclaire

From Civil Rights to Economic Security: Bayard Rustin and the African-American Struggle for Full Employment, 1945-1978


Mathew Forstater

Wage-Employment Dynamics in the Struggle Against Stagnation


Romar Correa


Vol. 36, no. 4, Winter 2007-8
Symposium on Coping with Structural Imbalances in the Global Economy
Table of Contents

1. Editor’s Introduction

2. “Global Imbalances and Economic Development” by Esteban Pérez-Caldentey (CEPAL, Santiago, Chile) and Matias Vernengo (University of Utah, Salt Lake City, U.S.A.)

3. “U.S. Debt and Global Imbalances” by Jane D’Arista (Financial Markets Center, Philomont, Virginia, U.S.A.)

4. “The Fallacy of the Revisited Bretton Woods Hypothesis: Why Today’s Global Financial System is Unsustainable and Suggestions for a Replacement” by Thomas Palley (Economics for Democratic and Open Societies, Washington, D.C., U.S.A.)

5. “Global Imbalances and Economic Development: Economic Policymaking by Left-of-Center Governments in Latin America” by Igor Paunovic and Carlos Moreno-Brid (ECLAC, Mexico City, Mexico)

6. “The Instability and Inequities of the Global Reserve System” by José Antonio Ocampo (Columbia University, New York, U.S.A.)



Original Articles


Laszlo Goerke


Katarina Bujdakova


Arrigo Opocher and Ian Steedman


Frank H. Westerhoff


Domenico Scalera and Alberto Zazzaro


Graham White

Historical Materialism

Research in Critical Marxist Theory
Volume 15 Issue 3 2007



Paolo Virno
General Intellect

Axel Kiciloff & Guido Starosta
On Materiality and Social Form: A Political Critique of Rubin’s Value-Form Theory

Symposium on Ellen Meiksins Wood’s ‘Empire of Capital’

Paul Blackledge
Editorial Introduction

David Harvey
In What Ways Is the ‘New Imperialism’ Really New?

William I. Robinson
The Pitfalls of Realist Analysis of Global Capitalism: A Critique of Ellen Meiksins Wood’s Empire of Capital

Prasenjit Bose
‘New’ Imperialism? On Globalisation and Nation-States

François Chesnais
The Economic Foundations and Needs of Contemporary Imperialism

Ellen Meiksins Wood
A Reply to Critics

Sam Moyo & Paris Yeros
The Zimbabwe Question and the Two Lefts

Review Articles

Wolfgang-Fritz Haug
on Jan Rehmann’s 'Postmoderner Links-Nietzscheanismus. Deleuze &
Foucault. Eine Dekonstruktion'
Richie Nimmo
on 'Marx and Wittgenstein: Knowledge, Morality and Politics', edited
by Gavin Kitching and Nigel Pleasants

Alexander Gallas
on Joachim Bischoff’s 'Entfesselter Kapitalismus: Transformation des
europaischen Sozialmodells' and 'Klassen und soziale Bewegungen:
Strukturen im Kapitalismus', edited by Joachim Bischoff, Paul
Boccara, Robert Castel and Klaus Dorre

Daniel Gaido
on Oliver Nachtwey’s 'Weltmarkt und Imperialismus: Zur
Entstehungsgeschichte der klassischen marxistischen Imperialismustheorie'
by Oliver Nachtwey

Historical-Critical Dictionary of Marxism
John Bellamy Foster

Revista de Economía Institucional

Issue No. 17 of the Revista de Economía Institucional is out in print. We invite you to check its content on our web site:

La efectividad en términos de desarrollo de las instituciones multilaterales bajo restricciones de acción colectiva
Eduardo Wiesner Durán

Colombia en las dos fases de globalización
Salomón Kalmanovitz

Globalización del capital y desarrollo institucional del sistema financiero
Edgar Demetrio Tovar García

El campo de la economía
Gabriel Misas Arango

Thomas C. Schelling: la paradoja de un economista errante
Boris Salazar

El modelo de Skaperdas y Syropoulos
Leonardo Raffo López

Una concepción puramente social del valor y el trabajo productivo
Jacques Gouverneur

Políticas distributivas, marxismo de elección racional y marxismo clásico: un análisis comparativo
Álvaro Gallardo

Aportes a una teoría de la estructuración residencial urbana
Óscar A. Alfonso R.

La integración vertical en el sistema de salud colombiano
Jairo Humberto Restrepo, John Fernando Lopera y Sandra Milena Rodríguez


Alfonso López Michelsen

La política cambiaria
Carlos Lleras Restrepo


La regulación de tarifas en el sector de la salud en Colombia
David Bardey y Ramón Castaño

La regulación del monopolio en Venezuela
Alejandro Agafonow

Aplicaciones de la economía computacional y la teoría de la complejidad
Jorge Andrés Gallego


La economía colombiana del siglo XX. Un análisis cuantitativo
Ángela M. Rojas R.

Esto se calienta
Bernardo Pérez Salazar

¿Qué sabemos sobre los determinantes del crecimiento?
Gregorio Giménez

Sexo, genes, geografía y desarrollo
Alberto Castrillón y Alejandro del Valle

Comprender la política ambiental
Alejandro Becker Rojas


Volume 50 Number 6 / November-December 2007 of Challenge is now available on the web site at

This issue contains:

Letter from the Editor


Jeff Madrick

The Failed Promise: Why Wages Are Not Keeping Up with Productivity


Frank Levy

Seeking Full Employment Again: Challenging the Wall Street Paradigm


Thomas Palley

Demand-Led Growth, Government Intervention, and Public Investment: Broadening the Policy Choices for America


Jeff Madrick


Is the Sky Falling?: Questioning the Conventional Wisdom on the U.S. Trade and Budget Deficits


William Milberg

Why We All Care About Inequality (But Some of Us Are Loathe to Admit It)


Branko Milanovic

The New New Deal: Reflections on The Conscience of a Liberal by Paul Krugman


Mike Sharpe

Index to Volume 50 (January-December 2007)


International Labour Review

International Labour Review
Revue internationale du Travail

Mark Lansky (English edition/Managing Editor)
Patrick Bollé (Édition française)
Luis Lázaro Martínez (Edición española)
Special Relaunch Issue
International Labour Review is now run by a new editorial team of independent scholars working hand in hand with the ILO's International Institute for Labour Studies.
This development reflects the ILO's commitment to establishing the Review as a top academic journal, acting as a knowledge hub for both scholars and policy-makers involved in the study and design of labour and social policy.
Click on the links below to read articles from the special relaunch issue completely free.

Original Articles
Application of labour and employment law beyond the contract of employment
Sur l'application du droit du travail et de l'emploi au-delà du contrat de travail

Aplicación del derecho laboral más allá del contrato de trabajo

Beyond corporate codes of conduct: Work organization and labour standards at Nike's suppliers
Au-delà des codes de conduite: l'organisation et les normes du travail chez les fournisseurs de Nike
Más allá de códigos de conducta como el que rige para los proveedores de Nike
Richard LOCKE, Thomas KOCHAN, Monica ROMIS and Fei QIN

The distribution of earnings in OECD countries
La répartition des salaires dans les pays de l'OCDE
Disparidad salarial en los países de la OCDE

Outsourcing, offshoring and productivity measurement in United States manufacturing
Externalisation, délocalisations et mesure de la productivité dans l'industrie aux Etats-Unis
Subcontratación y medición de la productividad en la industria estadounidense

The informal economy, insecurity and social cohesion in Latin America
Economie informelle, insécurité et cohésion sociale en Amérique latine
Informalidad, inseguridad y cohesión social en América Latina
Víctor E. TOKMAN

Revista Internacional del Trabajo



Heterodox Books and Book Series

Economics Transformed: Discovering the Brilliance of Marx

Robert Albritton
Pb: 9780745326573 - £15.99 / $26.95 / €24.00
Economics / Political Economy


‘In this major new work, an outstanding political philosopher at the height of his powers has given us the clearest and best argued case to date for an increasingly important interpretation of Marxist theory. Albritton's scholarship is also faultless.’
Professor Bertell Ollman, Department of Politics, New York University, and author of 'Alienation' and 'Dance of the Dialectic'

Albritton provides a much-needed primer designed to show a new generation of students why Marx's thought remains absolutely relevant to all our lives. ... Read it and discover why Marxism matters more than ever.’ Noel Castree, School of Environment and Development, University of Manchester

Robert Albritton brings to life the classic concepts in Marx's economic thought. As well as examining these essential points of Marxist theory, he shows that they offer great potential for further study. Deeply critical of the way economics is taught and studied today, this is a textbook that will appeal to anyone who wants a forward-thinking approach to the discipline that's free from the constraints of neo-classical orthodoxy.

Taking up key aspects of Marx's work, including surplus value theory, dialectical reasoning and the commodity form, Albritton highlights their relevance in the modern world -- and explains why mainstream economics has been so blind to their revolutionary potential. Written with style and clarity, it is perfect for economics undergraduates.

Environmental and Natural Resource Economics: A Contemporary Approach

(2nd Edition, Houghton Mifflin, 2006)
This text by Jonathan M. Harris introduces the student to the expanding field of ecological economics. It balances coverage of standard environmental economics topics with a global perspective on current ecological issues such as population growth, global climate change, "green" national income accounting, and the relationship between trade and the environment. 
“The book is simply great! It is really one of a kind. It fills an important need in the field, which will become more and more important in the future, no doubt – integrating standard environmental economics and ecological economics.”
Rafael Reuveny, School of Public and Environmental Affairs at Indiana University

Economists' Lives: Biography and Autobiography in the History of Economics

E. Roy Weintraub, Evelyn L. Forget
A supplement of the journal History of Political Economy (39:X)
410 pages (January 2008)
Not yet available. You may place an order now. The title will be shipped when it becomes available.
Cloth - $59.95

This collection of essays, a supplement to History of Political Economy, brings together prominent scholars from economics, sociology, literature, and history to examine the role of biography and autobiography in the history of economics. The first of its kind, this volume looks at the relevance of first-person accounts to narrative histories of economics. The essays consider both the potential and the limits of life writing, which has traditionally been used sparingly by historians of economics, and examine types of biographies, the relationship between autobiography and identity, and the writing of biography.

Contributors to this collection question whether biography is essential to understanding the history of economic ideas and consider how autobiographical materials should be read and interpreted by historians. Articles consider the treatment of autobiographical materials such as conversations and testimonies, the construction of heroes and villains, the relationship between scientific biography and literary biography, and concerns related to living subjects. Several essays address the role of biography and autobiography in the study of economists such as F. A. Hayek, Harry Johnson, Alfred Marshall, John Maynard Keynes, Oskar Morgenstern, and François Quesnay, concluding with several accounts of the interconnection of the historians’ projects with their own autobiographies.

All 2007 subscribers to History of Political Economy will receive a copy of “Economists’ Lives: Biography and Autobiography in the History of Economics” as part of their subscription.

Roger E. Backhouse
Bruce Caldwell
Loïc Charles
William Coleman
Robert W. Dimand
Paul John Eakin
Ross B. Emmett
Evelyn L. Forget
Craufurd D. Goodwin
Peter Groenewegen
Malachi Haim Hacohen
Jan-Otmar Hesse
Patricia Laurence
Frederic S. Lee
Robert Leonard
Tiago Mata
D. E. Moggridge
Jeremy D. Popkin
Mike Reay
Christine Théré
E. Roy Weintraub

E. Roy Weintraub is Professor of Economics at Duke University and the author of How Economics Became a Mathematical Science, also published by Duke University Press. Evelyn L. Forget is Professor of Economics in the Faculty of Medicine at the University of Manitoba.

The Evolution Of Economic Institutions

Edited by Geoffrey M. Hodgson, Research Professor in Business Studies, University of Hertfordshire, UK

‘This is a great set of essays. To get the richness they contain, the reader must be already familiar with the broad orientation of the literature on economic institutions. Given that background, I can think of no collection or essays that frame, illuminate, and probe modern institutional economics as well as does this set. Geoffrey Hodgson, who chose the collection, and the authors of the essays, are to be congratulated and thanked.’
– Richard R. Nelson, Columbia University, US

It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by leading internationally renowned scholars including Paul A. David, Christopher Freeman, Alan P. Kirman, Jan Kregel, Brian J. Loasby, J. Stanley Metcalfe, Bart Nooteboom and Ugo Pagano. ...full details

A House of Cards

from fantasy finance to global crash
Published: 3 December 2007
A spectre is haunting globalised capitalism - the collapse of the debt mountain built up over 30 years of unsustainable growth, says a timely new analysis. Since queues gathered outside Northern Rock branches in September 2007, financial pundits have started to use the dreaded “C” words – capitalism and crash – until now considered so last century. In A House of Cards - from fantasy finance to global crash, Gerry Gold and Paul Feldman note how Marx used the term “fictitious capital” when analysing the role of credit in the capitalist economy. The authors say: “Some claim that credit and debt can be permanently separated from the ‘real economy’, and have an independent existence. This is wishful thinking. All the evidence reveals quite the opposite – a relationship of mutual dependency between productive capital and fictitious capital.” They warn that the magnitude of debt swirling around the global economy means that the crisis is far deeper than in 1929 when the Wall Street crash led to global slump. Gerry Gold and Paul Feldman connect the emergence of fantasy finance to the rise of powerful transnational corporations and the need to entice consumers to buy increasing numbers of commodities and services, whether they needed them or not.
The authors critically examine proposals for improved regulation and governance and conclude that the crisis is beyond the control of national governments and international agencies. Finally, in throwing up the challenge of “composting capitalism”, A House of Cards sets out visionary, not-for-profit, sustainable alternatives to the global market economy and financial system. These are based on taking the resources,technology, distribution system and skills developed under capitalism and placing them within a new economic and political framework.
Notes to editors
A House of Cards – from fantasy finance to global crash is published by Lupus Books and A World to Win at £3. It can be purchased online at
For information, interview or article requests please contact:
Katherine Harcourt at or 07871 745258.
About the authors
Gerry Gold is a consultant in complex systems who specialises in
understanding the global economy. He is also a musician favouring collective
Paul Feldman is a political analyst, website editor and co-author of
A World to Win – A Rough Guide to a Future Without Global Capitalism (2004).
ISBN 978-0-9523454-3-5
88 pages
LUPUS Books PO Box 942 London SW1V 2AR
07871 745258
pres s release
Introduction 9
Chapter 1: Corporate power out of control 11
The origins of globalisation The enforcers
Profit, profit, profit Labour – the source of all value
The falling rate of profit Overproduction
Credit and consumption
Chapter 2: The spectre haunting capitalism 31
The origins of credit The Big Bang Deriving a profit
Private equity Personal and household credit and debt
Debt in the UK The great unravelling The not-so-almighty dollar
Chapter 3: Paying the price 49
Climate Change Inequality at home and abroad
Extreme consumerism Personal debt
Resources wars A market state
Chapter 4: A leopard cannot change its spots 61
Reality check
Broken free
Chapter 5: Composting capitalism 69
Co-ownership Self-management Liberating capitalism from itself
Communications infrastructure Scientific systems of management
Highly-skilled workforces Scientific and technological revolution
A global financial system The thinking market
Distribution of wealth The future

Growth and Crisis: Social Structure of Accumulation Theory and and Analysis

Edited by: Terrence McDonough, Michael Reich, David M. Kotz and Maria-Alejandra Gonzalez-Perez ISBN 978-0-9553159-1-6 First Published 2006. Download the full e-book from the link below: this is a very large (pdf) file--32 MB, 538 pages.
This e-book contains 21 chapters divided into eight parts:
1. Social Structure of Accumulation
2. Theory
3. Finance and Regulation
4. Brazil
5. Globalization, China and Crisis
6. Property and Its Limits
7. India
8. United States and Labour

This volumes was assembled from papers prepared for the First International Conference on Social Structure of Accumulation Theory and Analysis held in the J.E. Cairnes Graduate School of Business and Public Policy between the 2nd and 4th of November, 2006. Conference details and digital videos of the papers that have been delivered are available online on our official blog at

Critical Political Economy

Critical Political Economy: Complexity, rationality, and the logic of post-orthodox pluralism by Christian Arnsperger.
This book asks how a more liberating economics could be constructed and taught. It suggests that if economists today are serious about emancipation and empowerment, they will have to radically change their conception about what it means for a citizen to act rationally in a complex society.
Arnsperger emphasises that current economics neglects an important fact: Many of us ask not only ‘what’s in it for us’, within a given socio-economic context; we also care about the context itself. The author argues that if citizens keen on exercising their critical reason actually demanded economic theories that allowed them to do so, economics would have to become a constantly emerging, open-ended knowledge process. He claims that in a truly free economy, there would be no all-out war between ‘orthodox’ and ‘heterodox’ approaches, but an intricate and unpredictable ‘post-orthodox’ pluralism that would emerge from the citizens’ own complex interactions.
Offering an original and path-breaking combination of insights from Hayek, the theory of complexity, and the Frankfurt School of social criticism, Arnsperger discusses how such a free economy would generate its specific brand of economics, called ‘Critical Political Economy’.
Praise for Critical Political Economy:
'An impressively argued attempt to bridge conventional divisions between economics and other areas of social theory' William Outhwaite (Sussex University, UK)
For further information or to purchase a copy of the book please click here
Table of contents

A Biographical Dictionary Of Australian And New Zealand Economists 

Edited by J.E. King, Professor of Economics, Department of Economics and Finance, La Trobe University, Australia

2007 360 pp Hardback 978 1 84542 869 3 £85.00 on-line discount £76.50

‘Despite globalization, economic ideas in the Antipodes have always been distinctively different from the rest of the world. This book tracks the careers of 130 eminent but deceased Australian and New Zealand economists, largely told by their colleagues and friends. This caps earlier studies of Antipodean economics by Craufurd Goodwin, Peter Groenewegen and Bruce McFarlane. We only have to mention names like Arthur Smithies, Heinz Arndt, Colin Clark, Graham Salter, Stanley Jevons, Trevor Swan, Bill Phillips, Frederic Benham and Robert Torrens to remind us of how much we have all learned from Antipodean economists. This book is a perfect read on that long plane journey to Australia or New Zealand.’
– Mark Blaug, University of Amsterdam, The Netherlands

Contributors: J.R. Anderson, F. Argy, S. Bambrick, G. Banks, G. Bertram, C. Blyth, N. Brown, J. Butlin, W. Coleman, M. Corden, S. Cornish, J. Courvisanos, R. Dixon, M. Donoghue, B. Easton, A. Endres, L.T. Evans, B. Fisher, R. Garnaut, M. Gordon, P. Groenewegen, L. Haddad, A. Hall, V.B. Hall, G.C. Harcourt, G. Hawke, J. Hawkins, W. Hogan, G. Hogbin, F. Holmes, T. Hunter, J. Isaac, J.B. King, J.E. King, M. Lake, R. Lattimore, R. Leeson, D. Leonard, P. Lloyd, J. Lodewijks, S. Magarey, M. McLure, J. McMillan, A. Millmow, G. Moore, P. Moore, G. Patmore, R. Petridis, P.C.B. Phillips, P. Saunders, M. Schneider, J. Singleton, B. Smith, G.D. Snooks, S. Turnell, A. Watson, K. Weststrate, L. Williams, R. Williams, R. Wilson

Imagining Economics Otherwise: Encounters with Identity/Difference.

Kaul, Nitasha (2007)
Hb: ISBN: 978-0-415-38397-4; Price: £70.00/$140.00/€ 100.00. Discounted Launch Price: £56.00/$112.00/ €80.00 

Is it possible to be ‘irrational’ without being ‘uneconomic’? What is the link between ‘Value’ and ‘values’? What do economists do when they ‘explain’? We live in times when the economic logic has become unquestionable and all-powerful so that our
quotidian economic experiences are defined by their scientific construal. This book is the result of a multifaceted investigation into the nature of knowledge produced by economics, and the construction of the category that is termed ‘economic’ with its
implied exclusions. It is an attempt to think economics Otherwise, that is, a questioning of economics as if difference mattered. Nitasha Kaul re-examines certain understood ways of thinking about economics as a discipline, especially in relation to questions of identity and difference. This book explores the notion that economics is not a timeless, universal, objective science but a changing response to the problems of knowledge and administration. The epistemological inheritance of economics is ‘rooted’ in the enlightenment, and it also inherits the liberal paradoxes of that age. Kaul argues that the
juxtaposition of identity with economic (culture/economy) is essential, and can only be achieved by critiquing establishment economists’ discourse on identity, and taking feminist poststructural and postcolonial work seriously. The author challenges
the assumption that there is a simple linkage between the category economic, the entity economy and the study of economics. She envisions an economics in the plural: contextual, social, political—econo-mixes. The book brings together some of the most urgent topics of the day—the power of economics as a discipline, the questions of difference and the politics of identity, and feminist perspectives on this. It will be particularly relevant to heterodox economists, feminist theorists, postcolonial studies scholars, social and cultural theorists, philosophers and history of ideas or intellectual history of thought scholars. Download the flyer.

Advances in Heterodox Economics

Edited by Fred Lee and Rob Garnett;jsessionid=81666AD99CD3FF7B6BD27CB5D9222F8D?id=AHE 

Socialism after Hayek by Theodore A. Burczak 
Socialism after Hayek reinvigorates the socialist quest for class justice by rendering it compatible with the social and economic theories of F. A. Hayek. Theodore A. Burczak advances a new vision of socialism that avoids Hayek's criticisms of centrally planned socialism while adhering to a socialist conception of distributive justice and Marx's notion of freely associated labor. In contrast to the socialist models of John Roemer, Michael Albert, and Robin Hahnel, Burczak envisions a "free market socialism" in which privately owned firms are run democratically by workers, and governments engage in ongoing redistributions of wealth to support human development, yet markets are otherwise unregulated.
Theodore A. Burczak is Associate Professor of Economics at Denison University. Visit his website at:
"Burczakian socialism = (Hayek + Nussbaum + Sen + Ackerman + Resnick and Wolff) = Ellerman = legal-economic democracy. Brilliant! Burczak takes Hayek, his critics, and other social theorists and produces the foundations of a legal-economic order in which the concerns of most current thinkers are provided for. It is a deep, sustained, and brilliant achievement."
---Warren J. Samuels, Professor Emeritus, Economics Department, Michigan State University; former President of the History of Economics Society and the Association for Social Economics; coeditor of the Journal of Income Distribution; and author of over 40 books
"Theodore A. Burczak's Socialism after Hayek is a thoroughly researched and thoughtful examination not only of the ideological debate that framed the twentieth century, but of Hayek's intellectual framework. Burczak hopes for an economic framework that is both humanistic in its approach and humanitarian in its concern while being grounded in good reasons. The book should be on the reading list of every comparative political economist and in particular anyone who wants to take Hayek seriously, including those who would like to push Hayek's classical liberal politics toward the left in the twenty-first century. Burczak has made an outstanding contribution to the fields of political and economic thought and to Hayek studies in particular."
---Peter J. Boettke, Professor and Director of Graduate Studies, Department of Economics, George Mason University, Fairfax
"An advance well beyond the great 'socialist calculation debate.' Socialism after Hayek is both novel and challenging to contemporary Hayekian scholars. Burczak is the only scholar working in the post-Marxist tradition that thoroughly understands and appreciates the Hayekian critique of socialism. He is on his way to answering many of our long-held objections."
---Dave Prychitko, Department of Economics, Northern Michigan University
"One does not have to agree with all of Burczak's arguments to accept that he has developed a bold, creative and challenging response to the powerful Hayekian critique of socialism. Burczak wisely rejects the agoraphobia---literally the fear of markets---of many socialists, and focuses instead on the socialist goal of the abolition of exploitation. If this important book is read by both socialists and Hayekians, then there is a chance that debates on the viability of socialism may avoid some past pitfalls."
---Geoffrey M. Hodgson, University of Hertfordshire, UK
"Provocative and expansive. An excellent book that deals in depth with the relevant literature, incorporating it into a new analysis of the question of socialism. . . . The scholarship is superior: Burczak integrates the works of Hayek and Marx to develop a new theory of justice and to provide a new way to think through the problems of a socialist economy."
---Stephen Cullenberg, Department of Economics, University of California, Riverside
"A brilliant, fair-minded approach to Marx, Hayek, Sen, and Nussbaum yields a needed socialist vision for the twenty-first century."
---Stephen Resnick, Department of Economics, University of Massachusetts

Future Directions for Heterodox Economics, edited by John T. Harvey and Robert F. Garnett, Jr., Editors 
Twenty-first century economists will have to understand and improve a post-Cold War world in which no single economic theory or system holds the key to human betterment. Heterodox economists have much to contribute to this effort, as a wave of pluralism spawns new lines of research and new dialogues among non-mainstream economists. Future Directions for Heterodox Economics showcases the full range of heterodox ideas, surveying leading-edge discussions of pluralism; socially-grounded reconstructions of the individual in economic theory; the goals and tools of economic measurement and professional ethics; the complexities of policymaking in today's global political economy; and innovative connections among formerly separate theoretical traditions (Marxian, Austrian, feminist, ecological, Sraffian, institutionalist, and post-Keynesian).
John T. Harvey is Professor of Economics at Texas Christian University.
Robert F. Garnett, Jr. is Associate Professor of Economics at Texas Christian University.

Economics in Real Time: A Theoretical Reconstruction, by 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.

Liberating Economics: Feminist Perspectives on Families, Work, and Globalization by Drucilla K. Barker and Susan F. Feiner 
Liberating Economics draws on central concepts from women's studies scholarship to construct a feminist understanding of the economic roles of families, caring labor, motherhood, paid and unpaid labor, poverty, the feminization of labor, and the consequences of globalization. Barker and Feiner consistently recognize the importance of social location—gender, race, class, sexual identity, and nationality—in economic processes shaping the home, paid employment, market relations, and the global economy. Throughout they connect women's economic status in the industrialized nations to the economic circumstances surrounding women in the global South.
Rooted in the two disciplines, this book draws on the rich tradition of interdisciplinary work in feminist social science scholarship to construct a parallel between the notions that the "personal is political" and "the personal is economic."
Drucilla K. Barker is Professor of Economics and Women's Studies, Hollins University.
Susan F. Feiner is Associate Professor of Economics and Women's Studies, University of Southern Maine.

Reclaiming the Economy

( Scottish Left Review Publications )
Price: £10.00
The takeover of the economic policy agenda by business corporations and their supporters in the political mainstream is one of the defining characteristics of the age. The 'free' market, trade liberalisation, privatisation and the protection of property rights now dominate the concerns of our political classes and the opinion formers who influence them, with only lip service paid to labour rights, social inequality and the environment. Challenging the dominent policy agenda, the contributers to this book argue for the construction of a more humane and sustainable economy.
The book develops a set of alternative visions, which both de-couple discussions of the economy from vested corporate interests and ask more fundamental questions about what an economy should be for and who it should be for and who it should serve. Departing from mainstream policy and economics orthodoxy, it is geared towards building a radical left agenda, yet at the same time, one that is grounded in a practical politics. This book emerges from a particular initiative within Scotland, the Alternative Economic Strategy Network, bringing together progressive academics, trade unionists and activists to debate and explore alternatives to neo-liberalism and mainstream economics.
Reflecting this 'local' context, some of the papers develop critiques and policies directed at the Scottish public policy agenda, whilst others have a more general application. But all seek to contribute to a broader global vision challenging the free market fundamentalism of our time. 

Pluto Press- New Books

- Israel and the Clash of Civilisations
Iraq, Iran and the Plan to Remake the Middle East, JONATHAN COOK

- Sick Planet
Corporate Food and Medicine

- The Battle for China’s Past
Mao and the Cultural Revolution

- North Korea on the Brink
Struggle for Survival

- A Century of Spin
How Public Relations Became the Cutting Edge of Corporate Power

- An Israeli in Palestine
Resisting Dispossession, Redeeming Israel

- The Palestine–Israel Conflict,
Second Edition

- Ecological Debt, Second Edition
Global Warming and the Wealth of Nations

Download the flyer


Heterodox Book Reviews

Money, Distribution and Economic Policy

edited by Eckhard Hein and Achim
Truger, Edward Elgar, 2007. ISBN: 978 1 84720 063; 272 pages. Reviewed by Sara Hsu, St. Edwards University. 

Download the review

The Feminist Economics of Trade

edited by Irene van Staveren, Diane Elson, Caren
Grown, and Nilüfer Çağatay, Routledge, 2007. ISBN: 978-0-415-43637-3; 328 pages. Reviewed by Sara Hsu, St. Edwards University. 

Download the review

Los Costes Sociales De La Empresa Privada (Antologia)

by K. William Kapp.
Coleccion Clasicos del Pensamiento Critico, No. 14, edited by Federico Aguilera Klink.
Madrid: Los Libros de la Catarata, 2006. ISBN: 84-8319-264-0; 137 pages.
Reviewed by Sebastian Berger, University of Missouri – Kansas City.,,2900001117124,00.html?codigo=2900001117124&nombre=LOS%20COSTES%20SOCIALES%20DE%20LA%20EMPRESA%20PRIVADA%20(ANTOLOGIA

Download the review


Heterodox Web Sites

Working Class Studies Association Website

On behalf of the officers, steering committee, and communications committee of the Working Class Studies Association, I am pleased to announce the public debut of the Working Class Studies Association Website : 

We hope the Website will be a useful and timely resource for anyone interested in working class life and culture, and an instrument for working class studies. We invite you to the site and hope you will use this opportunity to join the Working Class Studies Association. You will receive UserID and Password information to access member-only pages when you join. This is a new site with most of its potential still to be developed. We welcome appropriate content and ideas - please submit to the email addresses on the site.

Michael Zweig
Secretary, Working Class Studies Association

Economists for Full Employment

We would like to bring to your attention a new resource, the website of Economists for Full Employment. The site promotes and disseminates work on the right to a job, employment guarantee programs and employer of last resort policies. Our growing list of members includes research institutions, academics, policy advisors, advocates and members of government.  With support from the ILO (EIIP) and the Levy Institute this new forum is up and running! 

The site and forum feature:

1.    Resources on existing  policy initiatives, campaigns, and organizations

2.    The opportunity to join this initiative and become a member

3.    An archive with titles, abstracts, and links to over 100 papers;

4.    A forum to promote dialog among members

5.    A growing list of specialists/experts in this field;

6.    News from members and announcements from ongoing campaigns

We remain a work in progress and welcome suggestions for additional content and ways to serve the wider community better.

Warm regards and we look forward to hearing from you!


Queries from Heterodox Economists

Help for Setting Up Courses in Heterodox Economics

Dr. Carlos Maya is creating two post-graduate courses on heterodox economics: introductory course and an advanced seminar at the University of Sinaloa, Mexico. He would like suggests on course content, topics, bibliography, etc. You can e-mail your suggestions to him at


For Your Information

Payday Loan Industry

For a parody of the Payday Loan Industry check out the following web site: 

GDAE Teaching Modules


This new version of the teaching module Economics of Global Climate Change includes coverage of the Nobel-Prize winning Intergovernmental Panel on Climate Change 2007 report and the Stern Review on the Economics of Climate Change, as well as new text boxes on discounting, climate tipping points and surprises, and the European Union carbon trading system.
This and other teaching modules, designed for use as supplements in undergraduate-level courses, are available in Adobe Acrobat format. Topics include: trade, global climate change, corporate power, consumption, tax equity, and environmental justice. The module on Corporate Power in a Global Economy has also been updated with new data for 2008 use.
All GDAE teaching modules are available for FREE download at:

New Orleans Today

A Guided Tour to the Tragedy of Hurricane Katrina
and The Community’s Work to Rebuild Its City

Saturday January 5, 2008
4:30 – 7:00 p.m.

Susan Wayman, activist and registered New Orleans tour guide, will provide an orientation
as we see first-hand:
* The Industrial Canal, in the Lower Ninth Ward
(where one of the most severe levee breaches occurred).
* Tennessee Street
(the most damaged part of the most damaged neighborhood)
* The Katrina Memorial
Claiborne Avenue

The tragedy is, however, only part of the “story” of Hurricane Katrina and the City of New Orleans. The tour will therefore be followed by an introduction to some of the community work taking place with a visit to the:

Common Ground Relief Community Center

Common Ground Relief is located at 1800 Deslonde St. in a two story house that sits about 100 ft. from where the flood wall broke open. This community center is where Common Ground Relief runs their free public computer lab, free legal clinic, tech support center, wetlands restoration program, and media collective. The second floor of the 1800 house can sleep up to 45 volunteers. Right outside the house is the community garden and a model wetlands pond.

Presentations by representatives of: Unified Nonprofits of Greater New Orleans and
Common Ground Relief

The tour bus will begin boarding at 4:30 p.m. in front of the Sheraton-New Orleans and will leave promptly at 4:40 p.m. (It is important to leave promptly since the sun sets early at this time of year, so there is limited daylight time for observation. Street lighting has not been fully restored throughout the city, but this will be taken into account in the organization of the tour.) The tour will end at the Sheraton-New Orleans at 7 p.m.

Suggested donation: $25

All funds, after payment of expenses, will be donated to Unified Nonprofits of Greater New Orleans ( ) and Common Ground Relief  ( )

The tour is sponsored by the Union for Radical Political Economics. Tickets may be purchased in advance by sending checks to: URPE, Gordon Hall, 418 North Pleasant Street, Amherst MA 01002 or in New Orleans at the events sponsored by the Union for Radical Political Economics (URPE) or the International Association For Feminist Economics (IAFFE).

New Orleans Labor Media

Judy Ancel (UMKC) was recently in New Orleans for the International Labor Communications Association meeting where about a hundred labor communicators were unleashed to cover un- and under-reported stories about post-Katrina reconstruction (or lack of it). She suggests that before anyone goes to the ASSA in New Orleans that you visit the web page and read, listen and watch the product of our efforts. It will be a great intro to the on-going social issues that folks in New Orleans are facing. You can find it at: 

EAEPE Materials

25th DRUID Celebration Conference 2008 on ENTREPRENEURSHIP AND INNOVATION - Organizations, Institutions, Systems and Regions will be held at Copenhagen Business School, Denmark, June 17(18) - June 20 : 

Innovation and Social Development Cognitive capitalism – What Are The Conditions For Social Development?'' will be held in Dubrovnik, Croatia, 23-25 May 2008

Geoff Hodgson has sent out a call for a EAEPE Summer School reunion. Read more on his webpage:

Book Reviews.
Rene Kemp contributed one review on the book edited by Jeroen van den Bergh, Albert Faber, Annemarth Idenburg, and Frans Oosterhuis. Its title is "Evolutionary Economics and Environmental Policy. The Survival of the Greenest". It was published by Edward Elgar in 2007. Read more:

Matthias Greiff has contributed a review on the book "Generative Social Science - Studies in Agent-Based Computational Modeling" by Joshua M. Epstein published by Princeton University Press in 2006. Read more :

Third Annual AFIT Student Research Competition Winners

(Each winner receives $500.00 and will present their paper at the 2008 AFIT Conference)

Felipe Rezende, UMKC, 
“The Nature of Government Finance in Brazil”

Ryan A. Dodd, UMKC, 
“Financial Instability, Social Justice and Direct Job Creation: The Work of Hyman P. Minsky”

Richard Dadzie, UMKC,
“Veblen, Minsky and Neo-Classical Economists on Business Cycles: Implications for the Human Life Process”

Yongbok Jeon, University of Utah,
“Demand-led Growth in China 1979-2004: A Kaldorian Perspective”

Bernardo Stuhlberger Wjuniski, Undergradate, São Paulo School of Economics
“The Welfare State in Light of the Athenian Economy: Karl Polanyi’s Work in Perspective”

Garda Summer School

For the seventh time we will hold the “Garda Summer School” in Castelletto di Brenzone at the Garda Lake in Italy from 16 to 26 July 2008. We would like to ask you if you could bring this to the attention of interested students through your newsletter. Prof. Edward O'Boyle gave me your name.

This year, the theme is “environmental and personalist economics”. Parallel to the economics program, students can follow an Italian language and culture course, in cooperation with the Verona chapter of the international “Dante Alighieri Association”. You can find all information on our web site:

The goal of this course is to offer students in economics and business administration, and young professionals in order to help them to find a suitable Master program and plan their further professional development. Several prominent academics from the USA and Europe have confirmed their willingness to deliver the program.

The course is accredited by the University of Verona (3 ECTS), and is organized in cooperation with the local partner "Centro di Studi Luigi Gonella”. Last year, the Economics Summer Academy was asked to develop an English language and international program for the “Garda Summer School”, and do the international marketing. The Economics Summer Academy is a non-profit organisation, en all revenu is invested in small scale projects in developing countries (see our Charity page). Sinds 1999, members of the Economics Summer Academy board have experience with organizing "summer courses" and "semesters abroad" for students at US universities.

If you have any more questions, please do not hesitate to contact me, Albert Schram  or by telephone at +31 43 38 83 623 or +31 6 1600 4089.


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