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Issue 70: October 14 , 2008


From the Editor

Being the beginning of the academic year for those north of the equator, many seminar programs have finally been established; so this Newsletter lists lots of seminar activities. My personal favorite is the seminar on ‘Towards a Common Basis for heretics?’ Moreover the ongoing financial crisis in the US and elsewhere has generated many seminars and by chance a number of new books on finance and money which you might want to check out.

The ASSA meetings would be a less hospitable environment without ICAPE, where it plays an important role for pluralist-heterodox economists—see its report below. In particular, note the ICAPE annual membership meeting, its ASSA booth, and support of the ASE plenary session. But ICAPE future is financially in doubt, so those who are interested, you can attend the membership meeting.

Finally, various ASSA programs are given below as well as information about the ASE plenary session:

Preliminary Program of the ASSA Meetings 

ASE/ASSA Program 


AFEE/ASSA Program 

LERA/ASSA Program 



Association for Social Economics
Opening Plenary Session and Reception
Friday, January 2
6:30 – 9:30 p.m.
Hilton/Imperial B

Presiding: Morris Altman, University of Saskatchewan, Canada

Co-Sponsored by ICAPE


Deirdre McCloskey
University of Illinois, Chicago

“Smith’s Proposal: An Ethically Serious Capitalism”

Discussants: Herbert Gintis, Santa Fe Institute and Central European University
Nancy Folbre, University of Massachusetts - Amherst

Fred Lee

In this issue:
  Call for Papers
  - The 2009 UK History of Economic Thought Conference
- The Society of Government Economists (SGE)
- Forum for Social Economics
- 11th Conference of the Association for Heterodox Economics
- Is Black and Red Dead?
- The Association for Institutional Thought
- Reflections on a Global Financial Crisis
  Conferences, Seminars and Lectures
- Towards a Common Basis for Heretics?
- Many Marxisms
- Marx's Grundrisse
- The Philosophy of Adam Smith
- Interdisciplinary 19th-Century Studies, "The Pursuit of Happiness"
- EMAEE 2009: Evolution, Behavior and Organizations
- Retail Payments: Integration and Innovation
- Conference on Historical Analysis & Research in Marketing (CHARM)
- The First Latin American Advanced Programme on Rethinking Macro and Development Economics
- London School of Economics
- Governance of the Modern Firm
- Marx and the Credit Crunch
- Buddhist Economics Conference Registration Information
- Agrarian Change Seminars
- Cambridge Realist Workshop
- The New SPACE (The New School for Pluralistic Anti-Capitalist Education)
- Schwartz Center for Economic Policy Analysis (SCEPA)
- Seminar: The Legacy of Joan Robinson
- The Globalisation Lectures
Job Postings for Heterodox Economists
  - Earlham College
- Indiana University School of Social Work
- Hobart and William Smith Colleges, Geneva, New York
- SUNY/Purchase College
- The Lewis & Clark College
- University of Massachusetts at Amherst
- CUNY, John Jay College of Criminal Justice
  Heterodox Conference Papers and Reports and Articles
  - Economic Stimulus and Economically Distressed Workers
- The Age of Consumer Capitalism, by Paula Cerni
Heterodox Journals and Newsletters
  - On The Horizon
- Cultural Logic
- Economic Systems Research
- Circus Revista Argentina de Economía
- Review of Political Economy
- Challenge
- Regulate or Rethink? - Associative Economics Bulletin - October 2008
- Critical Perspectives on International Business
  Heterodox Books and Book Series
  - The Political Economy of Global Security
- VIOLENCE: Actually Existing Barbarism
- Money and Liberation
- The Credit Crunch
- Money, Uncertainty and Time
  Heterodox Book Reviews
  - One Economics, Many Recipes: Globalization, Institutions, and Economic Growth
- The Panic of 1907: Lessons Learned from the Market’s Perfect Storm
  International Confederation of Associations for Pluralism in Economics - News
  - ICAPE News
The HEN-IRE-FPH Project
  - The HEN-IRE-FPH Project for Developing Heterodox Economics and Rethinking the Economy Through Debate and Dialogue
Heterodox Graduate Program and PhD Scholarships
  - Keele University
  For Your Information
  - Franklin Serrano: Alternativas Macroeconomicas desde el sur
- Bring back Keynes
- La Revue de la Regulation
- Heterodox Economics in Argentina
- Post Keynesians in Le Monde
- Journals under Threat
- NEP: New Economics Papers
- Evaluating Toxic Assets – And Where Do We Go Next
- This Economy Does Not Compute
- 2008 Foundation for Economic Education Prizes

Call for Papers

The 2009 UK History of Economic Thought Conference

The 2009 UK History of Economic Thought Conference will be held at The University of Manchester, 2-4 September. Expressions of interest in presenting a paper, or simply in attending the conference, would be welcome, even at this early stage. Further details will be posted in due course.
Please reply to

The Society of Government Economists (SGE)

The Society of Government Economists (SGE) will be organizing sessions at the Annual Meeting of the Eastern Economics Association (EEA), during February 29-March 2, 2009, at the Sheraton Towers in New York City. All contributors to economic thought are welcome to propose a paper to be presented in an SGE-organized session, or to propose an entire session for approval as an SGE session (which should consist of 3-4 papers). In collaboration with the EEA, the number of sessions that the SGE organizes is open-ended, depending primarily on the number of good proposals the SGE receives. Authors of papers on topics that relate to integrity and responsible leadership in economics are welcome to apply. See  and  for more details.

Forum for Social Economics

Papers presented at the Annual Meeting of the Association for Social Economics (ASE) can be submitted for publication for a special issue of the Forum for Social Economics.
As with other manuscripts submitted to the Forum, the final decision to publish a paper is the responsibility of the editor. Journal space is limited and it is not possible to publish all papers. Publication is not guaranteed. The following guidelines will be strictly enforced.


To be considered for publication in the Forum for Social Economics Annual Meeting issue papers must be:
- No more than 4,000 words of text (tables, counting notes, references, and graphics).
- No more than four pages total double-spaced endnotes and references, tables, and figures.
- In final form and in Forum format at time of submission (see instructions to authors on
Springer Web site).
- The deadline for submission for the special issue is January 31, 2009. Notification will be sent once their paper has been accepted.
- Papers must be submitted using Editorial Manager by the January 31, 2008 deadline. Please submit as the type of the paper ASSA PAPER.

For further information contact the editor:

John Marangos,
Editor of the Forum for Social Economics
Department Of Economics
University of Crete,
Rethymno, Greece

11th Conference of the Association for Heterodox Economics

Heterodox Economics and Sustainable Development, 20 years on
Call for papers
9-12 July, 2009
Kingston University, London
The Eleventh Conference of the Association of Heterodox Economics (AHE) will be held at Kingston University, London from Thursday 9th to Sunday 12th July 2009.

Is Black and Red Dead?

September 7th and 8th, 2009
Centre for the Study of Social and Global Justice
University of Nottingham

An academic conference organised by the PSA Anarchist Studies Network, the BISA Marxism and International Relations Working Group, the PSA specialist group for the study of Marxism, Anarchist Studies, and Historical Materialism.

"Crowned heads, wealth and privilege may well tremble should ever again the Black and Red unite!"

(Otto Von Bismark, upon hearing of the split in the First International)
What is the political relevance of the ideological labels "anarchist" and "Marxist" in the contemporary geo-political climate? Despite recurrent crisis, the costs typically borne by the people, neoliberal capitalism continues to colonize the globe in a never ending quest for profit and new enclosures. In the wake of the dissolution of the post-war Keynesian settlement, the bourgeois state continues to shed its social responsibilities while policing the imaginary lines that demarcate the boundaries between advanced capitalist economies and their hinterlands, both internal and external. Meanwhile, an effective political response from the left to the wars, ecological destruction, and social problems created by the capitalist state has so far failed to garner the widespread support and influence it needs. Indeed, has the sectarianism of the left contributed to this failure and can its present make-up contribute anything more to radical social transformation than navel gazing and ultimately political irrelevance?

There have always been tensions and borrowings across the left. However, most recently, post-'68 radicalisms have contributed to a blurring of the divisions between the anarchist and Marxist traditions. Traditionally regarded as hostile and irreconcilable, many of these ideas find expression in the "newest social movements", taking inspiration from the Situationists, left communists, and social anarchist traditions. The anti-statist, libertarian currents within the labour movement have repeatedly emerged during periods of acute political and economic crisis, from the council communists to revolutionary anarchism. Is this one such historical juncture in which dynamic reconciliation is not only welcomed but vital? To rephrase the question, what can we learn from 150 years of anti-statist, anti-capitalist social movements, and how might this history inform the formulation of a new social and political current, consciously combining the insights of plural currents of anarchism and Marxism?

The modern feminist, queer, ecological, anti-racist and postcolonial struggles have all been inspired by and developed out of critiques of the traditional parameters of the old debates, and many preceded them. To what extent are these fault lines still constitutive of the political imagination? To what extent do capital and the state remain the key sites of struggle? I the current market crisis an opportunity for a renewed and united left to provide a new, coherent alternative? We welcome papers that engage critically with both the anarchist and the Marxist traditions in a spirit of reconciliation. We welcome historical papers that deal with themes and concepts, movements or individuals. We also welcome theoretical papers with demonstrable
historical or political importance.

Our criteria for the acceptance of papers will be mutual respect, the usual critical scholarly standards and demonstrable engagement with both traditions of thought.
Please send 350 word abstracts, including full contact details, to:
Dr Alex Prichard (ESML, University of Bath)

The Association for Institutional Thought

Fourth Annual Student Scholars Award Competition

The Association for Institutional Thought (AFIT) proudly announces the Fourth Annual AFIT Student Scholars Award Competition. The aim of AFIT is to encourage undergraduate and graduate students in Economics and Political Economy to pursue research in topics within the Institutional Economics framework.

Between three and five winning papers will be selected. Winners are expected to present their research during a special session at the Annual Meetings of AFIT, held during the Western Social Science Association’s 51st Annual Conference at the Hyatt Regency Hotel in Albuquerque, New Mexico, April
15 - 18, 2009.

Winners will each receive:
1. $500 cash prize
2. One year student membership in AFIT
3. Paid WSSA Conference Registration
4. Paid admission to the AFIT Presidential Address Dinner

Winning papers must be presented at a special AFIT session in order to collect the cash prize. Cash prizes will be presented during the AFIT Presidential Address Dinner.

Application Procedures and Deadlines

Papers must be between 25-40 pages in length, including references and appendices. They should be submitted electronically (preferably in Word
format) by 12/15/08 to:
Carolyn Aldana, Ph.D.
Economics Department
CSU, San Bernardino
5500 University Avenue
San Bernardino, CA 92407
Phone: (909) 537-7315 Fax: (909) 537-7645

Winners will be notified by 1/15/09.
For more information about AFIT, visit our website at

Reflections on a Global Financial Crisis

Call for Position Papers

Critical Perspectives on International Business (CPoIB) is about to enter its fifth year of publication. During its first four years, the journal has established a reputation for publishing academically rigorous papers and intellectually stimulating review articles that have engaged with a broad range of issues in the field of international business (IB), from a wide variety of disciplinary perspectives and across global geographic contexts. At the start of this fifth year, we find ourselves faced with a situation which is considered by some as the major crisis of the 21st century, global financial melt down.
The possible consequences of this crisis currently overshadow concerns about climate change, AIDS and terrorism in the media - or, at least, in the Anglo-American media. As we write this call for contributions, the US Congress has just refused to sanction a multi-billion dollar rescue package for major US financial institutions and share prices are in free fall across the world's markets. Last week, UK academic Stefano Harney of Queen Mary, University of London wrote in the Times Higher Education (Corbyn, 2008) blaming business academics for contributing to the origins of this crisis through ignoring social and political questions in their teaching - the very issues that CPoIB has sought to address.

Always willing to challenge the norms of academic publication, whilst necessarily complying with them, in terms of presenting both peer reviewed articles and polemical position papers, CPoIB now seeks to address the origins, impacts and possible aftermath of the current crisis by publishing a range of short, critically reflective commentaries by leading academics from across the globe. The aim is to get these commentaries to press and publication as quickly as possible, so that they might both stimulate further academic debate and contribute to constructive reappraisal of global financial structures in further response papers.

We invite contributions that approach the issue of global financial crisis from multiple critical perspectives. Here, the term 'critical' is not confined to signifying opposition to the 'mainstream', capitalist, free-market economics that many blame for the current situation. It also signifies a willingness to engage in critical reflection by those who have promoted and supported this approach and who believe that it is not fundamentally flawed in principle, only in its execution. Beyond such critiques and critical reflections from - on the basis of sheer numbers of academics and media focus on the aftermath of the problem - a largely Anglo-American constituency, we also seek commentaries from those whose countries and citizenries are affected, but largely excluded from the discourse; those in Africa, South America, and large parts of Eastern Europe and Asia.

We ask you to submit position papers that contribute to a global debate on the above issues. We present no constraints on word count, and ask only that you avoid any assertions that might be construed as libelous and that you accept that we may not be in a position to publish all submissions, or may have to come back to you with suggested limitations on word count for inclusion in this unique special issue.

We hope that you will contribute to this debate on a subject of global concern and significance.

George Cairns/Joanne Roberts
Editors - Critical Perspectives on International Business
30 September 2008

Corbyn, Z. (2008) "Did poor teaching lead to crash?", Times Higher Education, 25 September, available at,  accessed 29 September 2008.

Please send submissions as MS Word files, with full affiliation details, by 31 October 2008 to:  ;


Conferences, Seminars and Lectures

Towards a Common Basis for Heretics?

Mardi 4 Novembre 2008
Université de Lille 1, bâtiment SH2, Salle du Conseil

Séminaire d’Histoire de la Pensée Économique et Sociologique
autour de Frederic Lee
(Université de Kansas City).

14h – 15h30 : “A Note on the Pluralism Debate in Heterodox Economics.”
Discutant : Bruno Tinel (Matisse, Université de Paris 1).

15h45 – 17h15 : “Being a Microeconomist and Heterodox.”
Discutant : Emmanuelle Bénicourt (ERUDI, Université
de Valenciennes et du Hainaut-Cambrésis).

Contact :

Many Marxisms


7-9 November 2008

School of Oriental and African Studies, Central London

Organised in collaboration with the Isaac and Tamara Deutscher Memorial Prize Committee and with Socialist Register.

Organised in association with the International Initiative for the Promotion of Political Economy, the journal Situations and the Journal of Agrarian Change, and with the assistance of the Faculty of Law and Social Sciences of SOAS.

Click here for detailed information.

Marx's Grundrisse

Seminar on the 150th anniversary of Marx's Grundrisse to be held at Cedeplar, Universidade Federal de Minas Gerais (Brazil). More details are avaiable at

The Philosophy of Adam Smith

Registration for 'The Philosophy of Adam Smith' conference, Balliol College, Oxford, Jan 2009, to commemorate the 250th anniversary of the first edition of The Theory of Moral Sentiments (1759), is now open on The Adam Smith Review website:

Interdisciplinary 19th-Century Studies, "The Pursuit of Happiness"

The Interdisciplinary 19th-Century Studies 2009 conference on "The Pursuit of Happiness" is sponsored by Bard College and Skidmore College, Saratoga Springs, New York on April 24-26.

EMAEE 2009: Evolution, Behavior and Organizations

Plenary speakers at the 6th European Meeting on Applied Evolutionary Economics (EMAEE) in Jena, Germany from May 21 to 23, 2009 will explore commonalities with neighboring fields and disciplines - in particular behavioral economics, organization and management science, and historiography.

Retail Payments: Integration and Innovation

The European Central Bank and De Nederlandsche Bank host a conference entitled "Retail payments: integration and innovation" on May 25-26, 2009 at the European Central Bank, Frankfurt am Main, Germany.

Conference on Historical Analysis & Research in Marketing (CHARM)

The School of Management at the University of Leicester (UK) hosts the 14th biennial CHARM conference May 28-31, 2009. Deadline for submissions is December 1, 2008. Papers on all aspects of marketing history and the history of marketing thought are welcome. For paper submission guidelines and additional information, please visit the CHARM website.

The First Latin American Advanced Programme on Rethinking Macro and Development Economics

Hosted by São Paulo School of Economics FGV with support
from FAPESP and Ordem dos Economistas do Brasil
12 January – 16 January, 2009
Fundação Getulio Vargas, São Paulo, Brazil

Applications, including a CV, transcripts, and a letter of recommendation, should be sent, with a cover letter, to Dr. Luiz Carlos Bresser-Pereira, Course Director, LAPORDE, São Paulo School of Economics, Rua Itapeva n.474, 13andar, 01332-000, São Paulo, SP, Brazil. All documents, with the exception of the recommendation,
should arrive in Sao Paulo by 10th November, 2008. Please contact Paulo Gala ( ) via emailfor further inquiries.
Dr. Luiz Carlos Bresser-Pereira - Course Director.
Dr. Paulo Gala - Course Deputy Director.
The programme is mainly intended for young academics. Confirmed lecturers include Gabriel Palma (Cambridge University), Ha-Joon Chang (Cambridge University), Jomo, K.S. (Assistant-Secretary General, UN), Jose Antonio Ocampo (Columbia University), Jan Kregel (Univ. of Missouri), Yoshiaki Nakano(São Paulo School of Economics) and Luiz Carlos Bresser-Pereira (São Paulo School of Economics).

London School of Economics

A series of evening events beginning this week coming:

Today's events suggest the need for a sea-change in our understanding of economic life, taking us beyond the economics of nations and politics into a landscape in which the economic life is seen as a single global reality and the concern of humanity as a whole, rather than particular classes, groups or countries. Three evenings (comprising two sessions) providing an introduction to associative economics, an approach that uses Rudolf Steiner's economic insights into the place of economics in human history, especially today, and the deeper meaning of market forces, corporations and finance.
Topics covered include economic history, the role of corporations, the for- profit / not-for-profit divide, taxation, monetary policy, accounting and modern finance.


18.00 - 19.15 Beyond the Market - An associative economic view of history
19.30 - 20.45 Initiative and Responsibility - Starting with the individual


18.00 - 19.15 The Significance of Legal Forms and the role of the Corporation
19.30 - 20.45 The Monetary Economy and the need for differentiated money


18.00 - 19.15 Deep Accounting - How money and accounting have become one
19.30 - 20.45 Collaboration without Collusion - Coordination through Conscious Finance

London School of Economics, D9 Clement House, Aldwych, London
Cost per evening: £7 (students £5)

Governance of the Modern Firm

11-13 December 2008
Current developments in financial markets are shaking up our economies. Large-scale takeovers, such as the ABN Amro takeover by RBS, Santander and Fortis, appear hard to digest. America's most important investment banks, usually at the heart of the world's most challenging -not to say speculative- investments, have stumbled into default. Meanwhile, workers and the public at large appear to be mere bystanders, despite the fact that it is them who have to foot the bill. Governments appear to be shaken in their free market beliefs, even to the extent that nationalisations are on the agenda again. Sturdy re-regulations of financial markets are widely expected.
It is against this background that Utrecht University has been able to get together some of the world's most prominent experts to set the stage for panel discussions in a high-level academic and professional conference. The discussion will zoom in on the law, economics and governance aspects of such issues as shareholder activism, hedge fund arbitrage, private equity risks and the position of workers and regulatory authorities amidst the hectic developments of today as well as the designof regulatory policies for tomorrow.
The conference Governance of the Modern Firm will be held from 11 to 13 December 2008 in Utrecht, the Netherlands. Early bird registration is possible up till October 31th.
Further information about the programme can be obtained from Wilco Oostwouder (Dept. of Law) or Hans Schenk (Dept. of Economics). For information
about registration and payment, please contact Mrs. Andrea Blokland-de Vries at the FBU Conference Office.
For more information please visit
Tel +31-30-253 2728
Fax +31-30-253 5851

Marx and the Credit Crunch

Public Meeting
Tuesday October 21st
7pm Conway Hall, Red Lion Square

Istvan Mezsaros, author of Beyond Capital Chris Harman, editor, International Socialism journal Richard Brenner, author of The Credit Crunch - a Marxist Analysis

A global credit crunch. Banks collapsing. Prices soaring. Recession looming.

Conventional economic theory appears to have no coherent explanation. Government stumps up hundreds of billions to rescue the bankers - and demands that working people's pay be held down and spending cut on public services. At this meeting, three Marxist writers examine the roots of this great crisis in the nature of capital itself. Tracing the current crisis to its origins, they show how workers can resist paying the price for a crisis they never made, and set out the case for systemic change.

Buddhist Economics Conference Registration Information

There is a 20% discount on your registration fee available for registering before November 1, 2008.
There are some other new things related to the conference that might interest you:
- The opening address of the conference will be given by Phra Payutto, author of Buddhist Economics A Middle Way in the Market Place. Phra Payutto is not in good health at the moment and his address has been videoed for the conference. CDs of that presentation (sub-titled in Thai) will be available for 100 baht.
- For those who are particularly interested in meeting Phra Payutto, he has agreed to meet with a small group after the conference and Ajarn Apichai is making arrangements to take a group to see him. If you are interested in being a part of this group, contact Linda Nowakowski immediately. There are a limited number of spaces for this event.
- Although the conference is in English, we will have translation services available. There is one event at the Ratchathani Asoke Community on Saturday night that may require Thai to English translation. We hope that this will encourage Thai participants who are interested in learning what is happening in Buddhist Economics outside of Thailand.
- Those of you who have looked at the web site know that there is another conference December 1-3, 2008 at Mahidol University, Salaya Campus on Buddhism in the Age of Consummerism. Ajarn Pinit, who is the organizer of that conference, has offered to waive the registration fee for any one registered at our conference. Please look at the impressive schedule for this conference and consider attending it as well.
- We will have a number of publishers who are publishing books related to Buddhist Economics and socially engaged Buddhism at the conference.
The conference is less than 2 months away and I am looking forward to this amazing convergence of East and West.

Agrarian Change Seminars

Autumn term 2008
Journal of Agrarian Change and
Department of Development Studies, SOAS

Room 4421 (fourth floor, main building), SOAS

16 October, 5pm
Land and Water Reform in South Africa
Dr Philip Woodhouse, School of Environment and Development,
Institute for Development Policy and Management (IDPM), University of Manchester

30 October, 5pm
From ‘Rural Labour’ to ‘Classes of Labour’: Class Fragmentation and Caste at the bottom of the Indian Labour Hierarchy Dr Jens Lerche, Development Studies, SOAS

7 November, pm (room and time tbc), SOAS
The World Food ‘Crisis’
Professor Tim Lang, City University London
Professor Philip McMichael, Political Institute for Global Development, Cornell University,
Professor Jan Douwe van der Ploeg, Wageningen University, the Netherlands
(Journal of Agrarian Change panel of the 2008 Historical Materialism Conference)

13 November, 5pm
Can Marxism Account for the Chiefs? Some Problems of ‘Tribal Authority’ and ‘Communal Landed Property’ in Rural African Political Economy
Gavin Capps, DESTIN, LSE

27 November, 5pm
Agrarian change and development studies: exploring urban-rural linkages in development strategies
Professor Cristobal Kay, Institute of Social Studies, the Netherlands

11 December, 5pm
Migrant Workers in the ILO's 'Global Alliance Against Forced Labour' Report: A Critique
Dr Ben Rogaly, Centre for Migration Research, University of Sussex

Cambridge Realist Workshop

The New SPACE (The New School for Pluralistic Anti-Capitalist Education)

Worse than They Want You to Think:
A Marxist Analysis of the Economic Crisis

A talk by Andrew Kliman

Tuesday, October 21 at 7:00 p.m.
New York City

In their haste to promote redistributive policies and demonize the greed and corruption of Wall Street--and in their desire to avoid advocating a liberatory alternative to capitalism--liberals and leftists have sought to downplay the severity of the current economic crisis. In contrast, Kliman will argue that the crisis is every bit as serious and acute as the fear-mongering financial analysts and officials at the Treasury and Federal Reserve say it is. If the $800 billion rescue plan does not quickly restore lenders' confidence in the system, the flow of credit may stop, causing the real economy, in the U.S. and abroad, to seize up. Income redistribution, infrastructure investment, financial regulation, and legal protections against foreclosures are not alternatives to the Wall Street bailout. The only alternative is a new, human, socio-economic system.

Kliman will draw on Karl Marx's value theory in order to explain how the crisis results from the weakness of the U.S. economy since the collapse of the dot-com bubble. He will also draw on Raya Dunayevskaya's theory of state-capitalism in order to explain why supposedly "free-market" policymakers and economists are ushering in a new period of statified property and state control of the economy.

Andrew Kliman, professor of economics at Pace University, is the author of _Reclaiming Marx's "Capital": A Refutation of the Myth of Inconsistency_ and a member of the New SPACE Organizing Committee. He has written two essays on the current economic crisis, "Trying to Save Capitalism from Itself" (April 25, and "A Crisis of Confidence" (Aug. 23, International Socialism journal, Issue no. 120, ).

$7 - $10, Suggested Donation

This talk will be held at TRS Inc. Professional Suite.
Located at 44 East 32nd Street, 11th floor (between Park & Madison Aves.), New York City

(The New School for Pluralistic Anti-Capitalist Education) 
Tel: 1 (800) 377-6183

Schwartz Center for Economic Policy Analysis (SCEPA)

Click here to download SCEPA Fall 2008 Events Schedule.

Seminar: The Legacy of Joan Robinson

by Geoff Harcourt, University of Cambridge
University of New South Wales, Sydney, Australia
Friday 17 October from 3:30-5:00pm
Location: Australian School of Business Building, Room 105

Seminar at SOAS on the Financial Crisis

The Charles Whalen (Minsky's Ph.D. student) presentation on 'Bubble to Bust: A Minsky Moment in the Age of Schumpeter', chair Jan Toporowski, in the MFD and IIPPE seminar series.

SOAS, October 16th, 5.00 p.m. Room L67, SOAS Main Building

Charles J. Whalen is Resident Scholar at The Jerome Levy Economics
Institute of Bard College. He received his Ph.D. in economics from The
University of Texas at Austin. He has served as assistant professor of economic at Hobart and William Smith Colleges and as visiting fellow in the New York State School of Industrial and Labor Relations. He is currently exploring proposals for federal budget reform, such as biennial and capital hudgeting, from historical, theoretical, and comparative perspectives. He submitted testimony to the U.S. House of Representatives on the matter of the balanced budget amendment in early 1995. He has published many articles in academic journals and research volumes and is editor of the forthcoming Political Economy for the 21st Century: Contemporary Views on the Trend of Economics.

The Globalisation Lectures

Organised by the Department of Development Studies
School of Oriental and African Studies (SOAS)
University of London
Convenor: Prof. Gilbert Achcar

Wednesday 29 October, 6:30pm Brunei Gallery Lecture Theatre


Professor Emerita of Political Science at York University (Toronto)

Wednesday 26 November, 6:30pm Brunei Gallery Lecture Theatre


Director of the Third World Forum (Dakar, Senegal)

Wednesday 28 January, 6:30pm Brunei Gallery Lecture Theatre


Former President of 1999 Nobel Peace Prize winner Doctors without Borders (MSF, Paris)

Wednesday 25 February, 6:30pm Brunei Gallery Lecture Theatre


Lynd Professor of Sociology and Member, The Committee on Global Thought, at Columbia University (New York)

Job Postings for Heterodox Economists

Earlham College

Earlham College, a good liberal arts College of 1200 students that emphasizes quality teaching, seeks a visiting assistant professor to teach full time for the Spring semester of this academic year, 2008-2009. The teaching load is two 4 credit hour courses and one 2 credit hour topical seminar. The History of Economic Thought and Game Theory are our preferred courses though we are open to other options, including the basic theory courses or heterodox alternatives. Specify in your application letter what elective courses you have taught recently or would be able to prepare. The topical seminar course should reflect your interests and help students delve into a topic in economics.

Earlham is affiliated with the Society of Friends (Quakers), is an AA/EOE employer and eagerly solicits applications from African Americans and other ethnic minorities, women, and Quakers.
Send Letter of Interest that addresses your interests and qualifications, a c.v., and contact information for three references (please do NOT send letters yet). Job begins January 2009.

Please Send Hardcopies to:

Cheri Gaddis, Economics Search
Earlham College
801 National Road West
Richmond, IN 47374

Indiana University School of Social Work

Labor Studies Program
Tenure Track Faculty Position
Bloomington Campus

The Labor Studies Program at Indiana University is one of the leading university labor education programs in North America and is administered by the School of Social Work. The program caters to a diverse population of traditional, non-traditional, and labor union learners. We offer a Certificate, Associate, and Bachelor of Science degrees in Labor Studies, as well as a variety of non-credit courses. Labor Studies is a state-wide program presently based on six of the eight Indiana University campuses.

We seek candidates for a tenure-track position located on the Bloomington (IUB) campus.

Teach labor studies courses both online and in the classroom, with particular attention to the changing needs and growing diversity of the labor movement; carry out research and labor related service; maintain working relationships with Labor Studies faculty on other IU campuses and with labor organizations; and develop and teach non-credit courses in areas of specialization. Some travel is expected.

A doctorate in a field closely related to labor studies is required. Candidates must possess significant research potential and demonstrate knowledge of and commitment to working in areas relevant to organized labor. Special consideration will be given to applicants with direct experience in labor unions or community organizations, and/or who have expertise in Latino workers’ issues, or public sector labor issues. Knowledge and skills of online education are desired.

Commensurate with qualifications and experience. Indiana University offers an excellent benefits package.

Application Procedures
A complete application must include: letter of interest, curriculum vita, and three letters of reference. The letter of interest should include a description of one’s concept of the discipline of labor studies; how one’s strengths and competencies match the desired position; teaching philosophy, and labor movement experience.
Screening of applications will begin November 1, 2008 and continue until an offer is made. All applications should be submitted electronically to: Sarah Bailey Labor Studies Recorder, IU Bloomington ~
Indiana University is an Equal Employment Opportunity/Affirmative Action Institution and it is committed to achieving excellence through diversity. The Labor Studies Program seeks qualified applicants from women, people of color, and other underrepresented groups.

Hobart and William Smith Colleges, Geneva, New York

- Political Economy and Methodology
- Current heterodox approaches
- Feminist Economics

Hobart and William Smith Colleges invite applications for a tenure track position at the Assistant Professor level anticipated for fall 2009. The position requires a specialization in political economy and methodology, with emphasis on heterodox approaches in political economy, feminist economics, and macroeconomics. Ph.D. preferred, AbD considered. Teaching responsibilities include five courses per year and would typically be one section of a core course in political economy (comparative theory and methodology), elective courses in radical and feminist analysis, section(s) of intermediate macroeconomics and principles of economics, and one other course which could be in the Colleges’ interdisciplinary programs or general education areas.
Founded as Hobart College for men and William Smith College for women, Hobart and William Smith Colleges today are a highly selective, residential liberal arts institution with a single administration, faculty and curriculum but separate dean’s offices, student governments, athletic programs and traditions. The Colleges are located in a small, diverse city in the Finger Lakes region of New York State. With an enrollment of approximately 2,000, the Colleges offer 62 different majors and minors from which students choose two areas of concentration, one of which must be an interdisciplinary program. Creative and extensive programs of international study and public service are also at the core of the Colleges’ mission.
Hobart and William Smith Colleges are committed to attracting and supporting a faculty of women and men that fully represent the racial, ethnic, and cultural diversity of the nation and actively seek applications from under-represented groups. The Colleges do not discriminate on the basis of race, color, religion, sex, marital status, national origin, age, disability, veteran's status, sexual orientation or any other protected status.
Candidates should send a letter of application, c.v., evidence of successful teaching experience, and arrange to have three recommendations sent to:

Jo Beth Mertens, Chair
Department of Economics
Hobart and William Smith Colleges
Geneva, NY 14456.

Applications must be received by November 15, 2008 to be guaranteed full consideration but will be accepted until the position is filled. Interviews will be conducted at the Allied Social Science Associations meetings.

SUNY/Purchase College

Adjunct needed to teach “Economics and Everyday Life” (introductory class in political economy) in Spring 2009 at SUNY/Purchase College (20 minutes north of NYC). Class meets twice per week. Send CV to Peter Bell Purchase College, SUNY. ( ) References and evidence of teaching ability would be desirable.

The Lewis & Clark College

Macroeconomics: The LEWIS & CLARK COLLEGE Department of Economics invites applications for a tenure-track position at the rank of either assistant or associate professor in macroeconomics beginning fall 2009. Assistant professor candidates must hold the Ph.D. at the time of hire and show potential for excellence in teaching and research. Associate professors must show a record of excellence in teaching and research, and will be eligible for tenure review after a period to be negotiated at the time of hire. Usual teaching load is five courses per academic year, with opportunities to teach in the College’s general education program. Review of applications will begin on November 17th and continue until the position is filled. The College will be interviewing at the January ASSA meeting in San Francisco. A complete application includes: (1) a curriculum vitae; (2) a letter of application which includes a statement of educational philosophy, teaching experience, and research interests; (3) evidence of teaching effectiveness; (4) sample of scholarship; (5) three letters of recommendation sent under separate cover and (6) graduate transcripts. CONTACT: Dr. Eban Goodstein, Chair, Department of Economics, Lewis & Clark College, 0615 SW Palatine Hill Road, Portland, OR 97219. ( Lewis & Clark College, an Equal Opportunity Employer, is committed to preparing students for leadership in an increasingly interdependent world, and affirms the educational benefits of diversity. (See ) We encourage applicants to explain how their teaching at Lewis & Clark might contribute to a learning community that values diversity.

University of Massachusetts at Amherst

The Economics Department of the University of Massachusetts at Amherst invites applications for faculty positions starting in Fall 2009. We seek to fill up to three positions in the coming year at the rank of assistant professor. Salary will be commensurate with experience. Scholars from all fields of economics and related disciplines are encouraged to apply, including those engaged in inter disciplinary work. We are particularly interested in scholars whose expertise involves theoretical or applied work related to the following emphases: (1) public goods and the common good; (2) economic opportunity; and (3) power, institutions, behavior and economic performance. For further information, see

Candidates should submit curriculum vitae, three letters of reference, a copy of a recent research paper and, if possible, evidence of teaching effectiveness. For full consideration, applications must be received by November 15, 2008. Candidates will be interviewed at the American Economics Association Meetings in San Francisco and are encouraged to use AEA signaling. The University of Massachusetts is an Affirmative Action/Equal Opportunity employer. Women and members of minority groups are encouraged to apply. The Economics Department and the College of Social and Behavioral Sciences are committed to fostering a diverse faculty/student body and curriculum.

Please send application materials electronically to,  or in hard copy by regular mail to Chair, Hiring Committee, Economics Department, Thompson Hall, University of Massachusetts, Amherst, MA 01003.

CUNY, John Jay College of Criminal Justice

Two full time tenure track assistant professor positions in undergraduate economics program: Fall 2009 CUNY, John Jay College of Criminal Justice in New York City. PhD required for professorial appointment. One position in the economics of gender, race, and class, and labor or urban economics with attention to the issues of crime.
Second position in the economics of crime. Both require some teaching of introductory and intermediate micro or macro with attention to issues of crime in support of the major. Compensation commensurate with
experience. Research in the area of specialization is expected. The Department has a new major and provides opportunity to shape the development of a growing program.
Applicants should submit a curriculum vitae, letters of recommendation, examples of scholarly work, a one page statement of teaching philosophy, and if possible syllabi and teaching evaluations to:
Dr. Joan Hoffman, Chair,
Department of Economics
John Jay College of Criminal Justice
445 W. 59th Street New York, NY 10019

Applicants interested in being interviewed at the American Economic Association Annual meeting should contact Professor Joan Hoffman at  Position open until filled with review of applications to begin on 10/31/08.
College web site :  


Heterodox Conference Papers and Reports and Articles

Economic Stimulus and Economically Distressed Workers

by Michael Zweig, Junyi Zhu, and Daniel Wolman
As the financial crisis on Wall Street unfolds with intense media coverage, we are losing sight of another crisis: more than a million families across the United States will face foreclosure in the next six months as the last of the sub-prime mortgages contracted in 2006 and early 2007 reset. Accelerating job losses and low wages aggravate the lives of tens of millions of families. In the rush to focus on Wall Street, these are the families whose lives must not be forgotten. These are the working people who need attention and help from a new stimulus package as well as structural economic reforms. This study focuses on the needs of these economically distressed workers and proposes economic policies that will improve their lives while strengthening the overall economy.
Full Report

The Age of Consumer Capitalism, by Paula Cerni


Heterodox Journals and Newsletters

On The Horizon

Volume 16 Issue 4

Issue on Publishing, Refereeing, Rankings, and the Future of Heterodox Economics, edited by Wolfram Elsner and Frederic S. Lee
Published: 2008
Click here for table of contents.

Cultural Logic

marxist theory and practice
The new issue of CULTURAL LOGIC is now on line at:

Economic Systems Research

Volume 20 Issue 3  is now available online at informaworld ( ).

This new issue contains the following articles:

Assessing the Behaviour of Non-Survey Methods for Constructing Regional Input–Output Tables through a Monte Carlo Simulation, Pages 243 - 258
Authors: Andrea Bonfiglio; Francesco Chelli

Using Weighted Least Squares to Deflate Input–Output Tables, Pages 259 - 276
Author: Giorgio Rampa

Environmental Kuznets Curves for Air Pollutant Emissions in Italy: Evidence from Environmental Accounts (NAMEA) Panel Data, Pages 277 - 301
Authors: Massimiliano Mazzanti; Anna Montini; Roberto Zoboli

Environmental Accounting of Eco-innovations through Environmental Input–Output Analysis: The Case of Hydrogen and Fuel Cells Buses, Pages 303 - 318
Authors: Simona Cantono; Reinout Heijungs; René Kleijn

Total Labour Requirements and Value Added Productivity of Labour in the Process of Economic Development, Pages 319 - 330
Author: Akiko Nakajima

International Input–Output Association (IIOA), Pages 331 - 338

Circus Revista Argentina de Economía

Kalecki y la economía americana en los años 2000
Por Franklin Serrano........................................................................................7
Génesis y originalidad
de la teoría de Kalecki
Por Michael Assous y Julio López Gallardo..................................................25
La Économía de Michal Kalecki
Por Pablo Bortz................................................................................................51
La teoría de la distribución del ingreso de kalecki
Por Fernando Hugo Azcurra.........................................................................67
Un abordaje al ciclo económico
de Kalecki desde la demanda semiautónoma
Por Florencia Medici......................................................................................85
Un punto de vista alternativo
Por Roberto Ciccone...................................................................................... 97
Circus en la Conferencia de Historia del Pensamiento
Económico de Praga
Por Pablo Bortz..............................................................................................127
Reseña Harcourt...........................................................................................134
Reseña Roncaglia.........................................................................................139

Review of Political Economy

Volume 20 Issue 4  is now available online at informaworld ( ).

Special Issue: Commemorating John Kenneth Galbraith's Centenary

This new issue contains the following articles:

John Kenneth Galbraith and the Post Keynesian Tradition in Economics, Pages 475 - 489
Author: Steven Pressman

The Abiding Economics of John Kenneth Galbraith, Pages 491 - 499
Author: James K. Galbraith

J.K. Galbraith and the Nature of Modern Money, Pages 501 - 526
Authors: Paul Davidson; Stephen P. Dunn

The Dependence Effect, Consumption and Happiness: Galbraith Revisited, Pages 527 - 550
Author: Amitava Krishna Dutt

John Kenneth Galbraith's Contributions to the Theory and Analysis of Speculative Financial Markets, Pages 551 - 568
Authors: Charles G. Leathers; J. Patrick Raines

The Theory of Price Controls: John Kenneth Galbraith's Contribution, Pages 569 - 593

Galbraith on Advertising, Credit, and Consumption: A Retrospective and Empirical Investigation with Policy Implications, Pages 595 - 611
Author: Douglas J. Lamdin


Volume 51 Number 5 / September - October 2008 of Challenge is now available at

This issue contains:

- Letter from the Editor
Jeff Madrick

- A Slow-Motion Recession: What Congress Can Do to Help
Eileen Appelbaum, Dean Baker, John Schmitt

- The Fallacy of Sustainable Production of Biofuel Feedstock: You Are Putting a Tiger in Your Tank
Timothy Dittmer, Charles Wassell, Jr.

- The Corrosive Qualities of Inequality: The Roots of the Current Meltdown
Michael Perelman

- How Much Defense Can We Afford?
David Gold

- Trading of Innovations to Combat Globalization and Climate Change
Balkrishna C. Rao, Anantha Sundararajan, Shrikanth C. Rao

- Is the WTO a Threat to the Environment, Public Health, and Sovereignty?
Trish Kelly

- Global Trade and Financial Governance Together
Barry Herman

- Will the New York Times Be Next?
Dan Fraenkel

- Super-Bubble
Mike Sharpe

Regulate or Rethink? - Associative Economics Bulletin - October 2008

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

1. Associative Economics at The London School of Economics Oct-Dec 2008
2. Forthcoming Events
3. Regulate or Rethink - Associative Economics Monthly October 2008
4. Friends of Associative Economics

Click here for detailed information.

Critical Perspectives on International Business

Vol 5, issue 1 


Heterodox Books and Book Series

The Political Economy of Global Security

War, Future Crises and Changes in Global Governance
Series: Rethinking Globalizations
Heikki Patomäki, RMIT University, Melbourne, Australia

Available in paperback for the first time, this book provides an innovative study of future wars, crises and transformations of the global political economy. It brings together economic theory, political economy, peace and conflict research, philosophy and historical analogy to explore alternatives for the future.
Patomäki develops a bold, original and thought provoking political economy analysis of the late 20th century neo-liberalisation and globalisation and their real effects, which he describes as a 21st century version imperialism. In order for us to understand global security and to anticipate the potential threats and crises, he argues that a holistic understanding and explanation of history is necessary and demonstrates that a systematic causal analysis of structures and processes is required. Putting this theory into practice, Patomäki constructs a comparative explanatory model which traces the rise of imperialism in the late 19th century and culminated in the First World War. He argues that even a partial return to the 19th century ideals and practices is very likely to be highly counterproductive in the 21st century world and could become a recipe for a major global catastrophe.

To view the full table of contents CLICK HERE
To purchase a copy of this book CLICK HERE
Please note that this paperback is only availbale for purchase through the Routledge website.

VIOLENCE: Actually Existing Barbarism

[Socialist Register 2009]
Violence in every possible form dominates current headlines and people's fears.
Understanding it has never been more urgently needed.
This volume offers an insight into contemporary violence that the mainstream media - and even mainstream cinema - shrinks from providing of state violence, on inner cities, on prisons and the violence committed almost everywhere by men against women
It considers:
• sources- imperialism, globalised capitalism • legacies- of habituation, insecurity and hatred, • dynamics- politically-motivated violence, terror; and • conditions- the superabundance of weapons, etc.
Contents: Leo Panitch & Colin Leys: Preface
Henry Bernstein, Colin Leys & Leo Panitch: Reflections on violence today Vivek Chibber: American militarism and the US political establishment: The real lessons of the invasion of Iraq Philip Green: On-screen barbarism: Violence in US visual culture Ruth Wilson Gilmore: Race, Prisons and War: Scenes from the history of US violence Joe Sim & Steve Tombs: State talk, state silence: Work and ‘violence’ in the UK Lynne Segal: Violence's victims: the gender landscape Barbara Harriss-White: Girls as disposable commodities in India Achin Vanaik: India's paradigmatic communal violence Tania Murray Li: Reflections on Indonesian violence: Two tales and three silences Ulrich Oslender: Colombia: Old and new patterns of violence, accumulation and dispossession Sofiri Joab-Peterside & Anna Zalik: The commodification of violence in the Niger Delta Dennis Rodgers & Steffen Jensen: Revolutionaries, barbarians or war machines? Gangs in Nicaragua and South Africa Michael Brie: Emancipation and the left: The issue of violence Samir Amin: The defence of humanity requires the radicalisation of popular struggles John Berger: Human shield
AVAILABLE- JUST PUBLISHED- OCTOBER 2008 233 x 157 mm 288pp ISSN 0081-0606
Merlin Press, Distributed by Central Books Ltd, 99 Wallis Road, London, E9 5LN, England, Tel: +44 20 8936 4854. Fax:+44 20 8533 5821

Money and Liberation

The Micropolitics of Alternative Currency Movements
Peter North
A firsthand view of local currencies that are providing alternatives to global capital.
Is conventional money simply a discourse? Is it merely a socially constructed unit of exchange? If money is not an actual thing, are people then free to make collective agreements to use other forms of currency that might work more effectively for them? Proponents of “better money” argue that they have created currencies that value people more than profitability, ensuring that human needs are met with reasonable costs and decent wages—and supporting local economies that emphasize local sustainability. How did proponents develop these new economies? Are their claims valid?
Grappling with these questions and more, Money and Liberation examines the experiences of groups who have tried to build a more equitable world by inventing new forms of money. Presenting in-depth profiles of the trading networks that have been constructed both historically and more recently, including Local Exchange Trading Schemes (England), Green Dollars (New Zealand), Talente (Hungary), and the barter system in Argentina, Peter North shows how the use of currency has been redefined as part of political action, revealing surprising political ambiguity and a nuanced understanding of the potential and limits on alternative currencies as a resistance practice.
“You will find inspiration and information in this excellent book.” —GreenWorld
“If ever there was a single time or place for thinking about economic alternatives, including ways of representing economic geography outside the globalization narrative, here and now offers a suitably propitious moment to consider Peter North’s excellent book on Money and Liberation. This book offers a passionate an yet appropriately sanguine investigation into the alternative geographies of economics. It amounts to a significant contribution to rethinking the economy outside pre-given relational narrative frameworks of capital flows and globalization.” —Economic Geography
“It is rare that you read a book so good—so incisive in its analysis, radical in its prescriptions, and thorough in its evidence—that it makes you not only envious but quite literally angry that you did not write it yourself. I found Pete North’s new book on money that good. He has traveled widely in space and time to bring a depth of analysis missing from other books which cover some of the same territory.” —Review of International Political Economy
“Peter North’s optimistic argument should help to reinvigorate and redirect the discussion of economic alternatives for a long time to come.” —Economic Geography
Peter North is lecturer in geography at the University of Liverpool.
240 pages | 5 7⁄8 x 9 | 2007
Introduction: Thinking Economies Otherwise
1. Beyond the Veil? Money and Economies
2. The Politics of Monetary Contestation
3. Utopians, Anarchists, and Populists: The Politics of Money in the Nineteenth Century
4. Twentieth Century Utopians: Gesell and Douglas
5. New Money, New Work? LETS in the UK
6. Kaláka and Kör: Green Money, Mutual Aid, and Transition in Hungary
7. The Longevity of Alternative Economic Practices: Green Dollars in Aotearoa/New Zealand
8. Surviving Financial Meltdown: Argentina’s Barter Networks
Conclusion: The Ghost of Marx and Simmel?

The Credit Crunch

Housing Bubbles, Globalisation and the Worldwide Economic Crisis

Graham Turner

• The only book that explains the worldwide economic meltdown that has already sunk Bear Sterns and Northern Rock and shows no sign of halting
• Shows that US and UK government's panicked actions only serve to fuel the fire
• Tells us what action is needed to halt the crisis
•The most up-to-date analysis of the situation
• Author is a highly respected economic forecaster, endorsed by top financial journalists Larry Elliot (Guardian) and Hamish McRae (Independent), and relied upon by major international banks.

Money, Uncertainty and Time

By Giuseppe Fontana, University of Leeds, UK

This excellent new book from one of the brightest young economists, Giuseppe Fontana, involves a compendium of issues surrounding uncertainty, money and time. Fontana shines a post Keynesian light onto statements and claims made by well-known neo-classical authors and as such leaves readers with an interesting and informative book to be read and re-read by all those scholars and students involved with monetary economics.

Contents 1. Introduction: Money, Uncertainty and Time,
Part I. Keynes, the 'Classics' and the Modern Keynesian Dissent,
2. The Historical Development of Dissent in Keynesian Economics,
3. Methodology and Economic Theory in Keynes's General Theory,
Part II: From Rationality to Unemployment and the Monetary Circuit,
4. A Two-Dimensional Theory of Probability and Knowledge,
5. Uncertainty and Money,
Part III: Understanding Endogenous Money,
6. Hicks as An Early Precursor of Endogenous Money Theory,
7. Horizontalist and Structuralist Analyses of Endogenous Money,
8. A General Theory of Endogenous Money  


Heterodox Book Reviews

One Economics, Many Recipes: Globalization, Institutions, and Economic Growth

Dani Rodrik, _One Economics, Many Recipes: Globalization, Institutions, and Economic Growth _. Princeton, NJ: Princeton University Press, 2007.
xi + 263 pp. $35 (hardcover), ISBN: 978-0691-12591-8.

Reviewed for EH.NET by Alice Amsden, Department of Urban Studies and Planning, MIT.

The Panic of 1907: Lessons Learned from the Market’s Perfect Storm

Robert F. Bruner and Sean D. Carr, _The Panic of 1907: Lessons Learned from the Market’s Perfect Storm_. Hoboken, NJ: Wiley, 2007. xiii + 258 pp. $30 (hardback), ISBN: 978-0-470-15263-8.
Reviewed for EH.NET by Jon R. Moen, Department of Economics, University of Mississippi.


International Confederation of Associations for Pluralism in Economics - News


ICAPE will be having its annual membership meeting in the "Golden Gate 5" room in the Hilton Hotel from 2:30-4:00 p.m. on Friday, January 2, 2009. While only members can vote, anybody interest in pluralism in economics and want to know more about ICAPE is welcome to attend. ICAPE is also co-sponsoring the ASE Plenary session at the ASSA, as noted in ‘From the Editor’. Finally, ICAPE is again paying for a booth at the ASSA. Associations, institutes, individuals, etc. who would like to use the booth to promote whatever, please contact me. The ASSA booth costs around $2,000. If you think that a booth at the ASSA that promotes pluralism in economics is important, then financial support of ICAPE is important. If you have any questions about ICAPE or want to get involved in its activities, please send me an e-mail ( ).

Fred Lee


The HEN-IRE-FPH Project

The HEN-IRE-FPH Project for Developing Heterodox Economics and Rethinking the Economy Through Debate and Dialogue

The Heterodox Economics Newsletter, The International Initiative for Rethinking the Economy (IRE), and the Charles Leopold Mayer Foundation for the Progress of Humankind (FPH) ( ) have undertaken a joint project to promote the development of heterodox economics. It involves publishing in the Newsletter reviews, analytical summaries, or commentary of articles, books, book chapters, theses, dissertations, government reports, etc. that relate to the following themes: diversity of economic approaches, regulation of goods and services, currency and finance, and trade regimes. These themes relate to heterodox economics and to the open and pluralistic intellectual debates in economics. It is hoped that the reviews will contribute to strengthening the community of heterodox economists, and to the development of heterodox economic theory through the dissemination of ideas/arguments. The final aim of this project is to help heterodox economists come up with proposals, both theoretical and applied, that would help adapt the economy to the challenges facing humankind. The reviews will be published in the Newsletter and will also be put on the IRE website  For further information about the project, material available for reviewing, and about reviewing the material click here. Anyone interested in contributing to and reviewing material for the HEN-IRE-FPH project should contact Fred Lee, Editor of the Newsletter by email ( ). I am particularly interested in getting recommendations of material that should be reviewed.


Heterodox Graduate Program and PhD Scholarships

Keele University


Keele University, Research Institute for Public Policy and Management are currently inviting applications for postgraduate research (PhD) in the general area of heterodox economics. Applications which draw both from Economics and Management disciplines areas are particular welcome and areas of staff interest include; the changing character and experience of work, including the impact of new technologies and patterns of accountability. Microeconomic analysis and policy, including labour economics, consumption and savings, public economics, game theory, industrial organization including networks growth and development, business cycles, development economics and issue and research into gender inequality. Institutional economics and economic sociology. Economic methodology, history and philosophy of economics.

Research degree programs at Keele include formal research training in parallel to work on specific research projects or topics. This may be through the M.Res. or through a package of specific research training agreed as part of a ‘learning plan’. Research in the Institute benefits from close collaboration with public policy and public service organizations, government, business and voluntary enterprises, Trades Unions and professional organizations, and with communities, not just in the UK, but worldwide. There are particularly strong links with health services and health professionals, schools and other education institutions, Trades Unions, and with Government as well as with universities worldwide
Applications should made direct to the Graduate School and more information is available from
However we welcome informal prior informal discussion and enquires can be made to Matthew Brannan ( ) in the first instance.


For Your Information

Franklin Serrano: Alternativas Macroeconomicas desde el sur

Alternativas Macroeconomicas 1
Alternativas Macroeconomicas 2

Bring back Keynes

Bring back Keynes: The best way out of the economic crisis is to cut interest rates, create jobs and raise incomes by Ann Pettifor 

La Revue de la Regulation

La Revue de la Regulation. Capitalisme, Institutions, Pouvoirs publie en avant-premire sur son site une analyse de la crise financire par Jacques SAPIR: "Une dcade prodigieuse. La crise financire entre temps court et temps long"
Vous pouvez consulter cet article l'adresse suivante:
Jacques SAPIR intervient au sminaire Htrodoxies du MATISSE, mardi 7 octobre 2008, 16h-18h:

Heterodox Economics in Argentina

by Escuelas de Economía Política (EsEP) ( )
In Argentina, we have a few associations called "Escuelas de Economía Política" (it translates to something like "Political Economy Schools". There are two of them currently, in different cities (Buenos Aires and La Plata), which exist since 2003; and another one is being created in Bahía Blanca. They exist in Universities in which a group of teachers and students, tired of neo-classical programs, have decided to take Political Economy teaching into their hands. We organize (free and open to the public, of course) workshops and lectures on several topics, including neo-classical economics (because we believe even that part of our education is flawed) but focusing mainly on classics and current heterodox streams. Both Schools have
organized last year what we called "I Jornadas de Economía Crítica" ("First Conference on Critical Economy"), which took place in La Plata over two days, a year ago. Almost two hundred critical economists and students assisted and many of them have stayed in touch this whole year, sharing opinions and works in progress in some cases. This led to both Schools being an important part of this year's organization of the SEPLA Conference. We don't have a website (yet... been working on one this year, but we don't have a domain) and we don't have any offices, we are just a few dozens economists working on our spare time to try to create some critical thinking among Argentinean economists. We do have an e-mail:

Post Keynesians in Le Monde

Je signale dans Le Monde d'aujourd'hui mercredi 1 novembre un article sur le retour des keynésiens où des membres de l'ADEK ont été interviewés. Quant on recherche des keynésiens survivants en France, il n'y a plus beaucoup de bonnes
Après les attaques du même Monde contre les "fitusso-keynesiano- sarkosistes" et faisant l'éloge de Trichet, faut-il y voir un changement de cap?
Pas vraiment, l'article ne sortant pas du département 'économie'.
Remercions en tout cas Sarkozy d'avoir fait la promotion des idées keynésiennes et de l'ADEK à la tribune de l'ONU.

Journals under Threat

Journals under Threat: A Joint Response from History of Science, Technology and Medicine Editors, first published 16 July 2008

Click here to read the paper.

NEP: New Economics Papers

Dear NEP subscriber,

I am the founder of NEP: New Economics Papers. Today, I am sending you a special announcement on behalf of the NEP team. It is the first ever in NEP's ten year old history.

We are pleased to let you know that NEP reports are now available via RSS feeds. The feeds are the work of David Hugh-Jones, see RSS began as a way forreaders to easily read updates in blogs, but now many other types of media, e.g. newspapers use them. The most recent versions of Firefox and Internet Explorer can read RSS feeds, as can specialized web sites like Google Reader, Bloglines, My Yahoo, iGoogle. Man find reading RSS feeds preferable to reading e-mail. Of course, NEP reports are still available via email.

To subscribe to an RSS feed, go to and click on your chosen report. Then click on the orange icon in your browser's address bar, or on the "RSS feed" link in the web page itself.

While on the NEP web page, check out whether you would be interested in reports other than the one(s) you are subscribed to. And if you can think of some field that is missing, you can become the founding editor of a new report. Send your ideas to Marco Novarese as < >.

Papers announced on NEP come from bibliographic data submitted to RePEc. To have your own working papers listed on RePEc, use your institution's RePEc archive. There are over 900 RePEc archives out there. If your institution does not have an archive, You can submit your papers to the Munich Personal RePEc archive at

RePEc is an effort trying to improve the dissemination of research in Economics. All its service are free, thanks to a large number of contributors. Visit  to learn more about RePEc.

Thomas Krichel
skype: thomaskrichel

Evaluating Toxic Assets – And Where Do We Go Next
Paul Davidson
Click here to read the paper.


“Como é meu intento escrever coisa útil para os que se interessarem, pareceu-me mais conveniente procurar a verdade pelo efeito das coisas, do que pelo que delas se possa imaginar”.
N. Maquiavel, O Príncipe, 1513

Click here to read the paper.

This Economy Does Not Compute

Notre-Dame-de-Courson, France
A FEW weeks ago, it seemed the financial crisis wouldn’t spin completely out of control. The governmentbknew what it was doing — at least the economic experts were saying so — and the Treasury had taken a stand against saving failing firms, letting Lehman Brothers file for bankruptcy. But since then we’ve had the rescuevof the insurance giant A.I.G., the arranged sale of failing banks and we’ll soon see, in one form or another, the biggest taxpayer bailout of Wall Street in history. It seems clear that no one really knows what is coming next.
Why? (cont.)

2008 Foundation for Economic Education Prizes

The Society for the Development of Austrian Economics is pleased to announce that nominations are now open for the 2008 Foundation for Economic Education Prizes for the best book and the best article recently published in Austrian economics. The following conditions apply:

1. Authors nominated must be members in good standing with the SDAE (check the Society's website at  for membership information).
2. The books and articles nominated must have been published between January 1st, 2006 and September 1st, 2008.
3. Nominated articles should be emailed as an attachment or its URL sent to Christopher Coyne – .
4. Nominations for the book prize should include the title and all other relevant information (publisher, date of publication, ISBN #) and be sent to the above email address. Those nominating books need not send copies. Edited volumes are not eligible for the award.
5. All nominations must be received no later than November 1, 2008.
6. Self-nominations will not be accepted.

Each prize comes with a cash award of $500 thanks to the generous support of The Foundation for Economic Education. Winners will be announced at the annual banquet of the SDAE, this year in Washington, D.C. in conjunction with the Southern Economic Association Meeting from November 20 – 23, 2008.