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Issue 90: October 29, 2009


From the Editor

First thing first: the Newsletter now has its own e-mail address:  If you are sending material to be included in the Newsletter, please send it to that address.

As a result of being the editor of the AJES, I have stepped down as the series editor of the
Routledge Advances in Heterodox Economics book series. The editorship of the series has been transferred to Wolfram Elsner (University of Bremen, ) and Peter Kriesler University of New South Wales, ). Send all manuscript inquiries to them.

I recently ran across the following web site which might be of interest for many of you: Critical Political Economy Research Network of the European Sociological Association  You heterodox economists in Europe might want to check it out.

The Newsletter has lots of interesting items: the AHE and ICAPE call for papers, job adverts, a paper by the inestimable Jim Devine, information about the Center for Global Justice web site, and some really interesting books and book reviews. In the FYI section there is a video by some Turkish students on attending an economics class in mainstream economics—the background music is not too bad either.

Finally, I would like to make you aware of the ASE plenary session at the ASSA which welcomes all heterodox economists to attend.

Association for Social Economics
ASE/ASSA Meetings 

January 2-5, 2010
Atlanta, GA
Opening Plenary Session and Reception
Saturday 2, 6:30 p.m.
Hilton Atlanta, Grand Ballroom A

Columbia University
Homo economics: The Impact of the Economic Crisis on Economic Theory
Betsy Jane Clary, College of Charleston, Presiding
Reception Immediately Following

Fred Lee

In this issue:
  Call for Papers
- 12th Conference of the Association for Heterodox Economics
- 3rd International ICAPE Conference
- Forum for Social Economics
- The Spirit of Innovation IV- International Conference
- Managing Economic Transition (MET) Network
- A special issue of Sustainability
- Social Studies of Finance Workshop
- 11th Biennial Conference of the International Society for Ecological Economics
- RGC 2010 Conference in New Orleans
- Thoughts on Economic Development, China and the West
- Seminar on Fertility and Poverty: micro and macro linkages
- Strikes and Social Conflicts in the Twentieth Century
  Conferences, Seminars and Lectures
  - Séminaire Hétérodoxies du Centre d’Economie de la Sorbonne
- The Future of Capitalism
- Crisis what Crisis: Forward to the Past?
- Cambridge Realist Workshop - Michaelmas Term 2009
- The Recession of 2008. Do Economists ever agree on Analysis and Prescriptions?
- Association for Institutional Thought [AFIT]
- 8th Society of Heterodox Economists Conference on December 7 and 8, 2009
- Return of History: From Consensus to Crisis
- Sixth Historical Materialism Annual Conference
- One Year on from the Panic of 2008- Whither Financialised Capitalism?
  Job Postings for Heterodox Economists
- Kingston University
- The New School for Social Research
- Howard University
- Trinity College
- University of Michigan
- Drew University
- University of Massachusetts Boston, Boston, MA
Franklin & Marshall College
  Heterodox Conference Papers and Reports and Articles
  - What is Good for Goldman Sachs is Good for America: The Origins of the Current Crisis
- 2009 Neo Kaldorian Model
- The 2009 Uprising in Iran: The Need to Dispel Prevailing Misconceptions
- The Persistent Fall in Profitability Underlying the Current Crisis: New Temporalist Evidence" by Andrew Kliman
- "Green shoots, profits, and great depressions (or recessions)"
- Symposium: The ‘British School’ of International Political Economy Selected articles
Heterodox Journals and Newsletters
  - The Friends of Associative Economics Bulletin
- Historical Materialism
- Journal of Post Keynesian Economics
- eInsight
- Review of Political Economy
- The Center for Global Justice
  Heterodox Books and Book Series
- The ABCs of the Economic Crisis: What Working People Need to Know
- Money And Households In A Capitalist Economy
- After the Crash
- Work after Globalization
- Socialist Register 2010 - Morbid Symptoms: Health under capitalism
- Economic Pluralism
- Routledge Advances in Heterodox Economics
- The World Bank and the post-Washington Consensus in Vietnam and Indonesia
- The Political Economy of Monetary Circuits Tradition and Change in Post-Keynesian Economics
  Heterodox Book Reviews
  - Book Review in THE ECONOMIST of three books about Keynes
- Akerlof & Shiller, Animal Spirits: A Misnomer for Their Sound Economics by Mario Nuti
- The Political Economy of the World Bank: The Early Years
- A History of Heterodox Economics
- Animal Spirits
- New Deal Banking Reforms
Heterodox Graduate Program and PhD Scholarships/Research Fellowships
  - Ghent University
  For Your Information
  - The 2009 FEE Prizes in Austrian Economics
- Vous avez dit “systčmes régionaux d’innovation” ?
- Did You Mean “Regional Innovation Systems
- Institute of Public Enterprise (IPE)
- Video on “Revolutionizing Economic Thought,”
- The Nobel prize for economics may need its own bailout
- Signatories
- Green Jobs Conference
- "Science is a Sacred Cow" :A Video from Ankara, Turkey
- New Political Economy
- PRESS RELEASE: The Financial Crisis: How Economists Went Astray
- Darling Alicia: The Love Letters of Alicia Kaner and Stephen Merrett
- Venezuela: The Battle for Workers' Control
- PERI announces SAFER

Call for Papers

12th Conference of the Association for Heterodox Economics

The Economy of Tomorrow
7-10 July, 2010
Hosted by the Research Unit in Theoretical and Applied Economics –
Université de Bordeaux, France 

The Twelfth Conference of the Association of Heterodox Economics (AHE) will be held at the University of Bordeaux – France – from Wednesday 7th to Saturday 10th July 2010. This year’s Conference theme is The Economy of Tomorrow.
Long run processes have exacerbated the contradictions of the world economic system leading to a crisis in all spheres including social, political, financial and environmental. The economic crisis that opened in 2008 increases our awareness that economies and societies must change radically in all these spheres in the 21st Century, though views of the changes required, and their depth, will differ. This conference will provide a forum for discussion on current and future changes needed in developed and developing economies in all these spheres. The following areas, closely intertwined in theory and in policy action, are of special interest but this is not an exhaustive list and do not preclude other topics approached with a holistic perspective:
1. Social aspects: for example income distribution, labour markets, pensions, the nature of work, poverty, human development, welfare;
2. Financial aspects: for example financialization, capital mobility, corporate governance, taxes on international monetary transactions, financial innovations and possible reforms;
3. Environmental aspects: for example models of production and consumption, eco-innovations, environmental governance, alleviation or adaptation to global warming, and new cities;
4. North-South relations: for example the trajectories of emerging countries, potential for a new world order, international trade, development aid, development cooperation;
5. The reform of economics: for example pluralism in research and teaching, evaluation and metrics, innovation and creativity, and the relation between economists and decision-makers.
The conference invites submissions on or before 7th March 2010 which either accord with the conference title; or which otherwise deal with topics of ongoing interest in heterodox economics. To download the  flyer in pdf doc formats.

3rd International ICAPE Conference

The International Confederation of Associations for Pluralism in Economics (ICAPE) announces its 3rd International Conference:
“Failing Economies, Failing Economics: Rebooting Economics after the Crash”
3-5 June 2010
Western New England College, Springfield, Massachusetts

ICAPE and the organizers of “Failing Economies, Failing Economics: Rebooting Economics after the crash” invite proposals for papers that discuss or demonstrate the value of economic pluralism in the light of the recent global economic crisis. ICAPE wishes to invite papers on all aspects related to the financial and economic crisis, including:

- The crisis and aspects of policy making;
- The impact of the crisis on the developed and the developing world;
- The economic crisis and the impact upon the economics profession;
- The economic crisis and the teaching of economics.

Papers are invited from all domains of pluralism: economic theory and philosophy, economic institutions and policies, or economic education. More specifically, we suggest the following themes:

- Pluralism developments in heterodox economic theory;
- Neoliberalism and pluralism in economics;
- Pluralism and the science of economics.

Themed sessions are also welcomed.

Panels will be organized around thematic topics, with an eye to encouraging dialogue among authors whose papers address similar issues from different points of view. In this fashion, we hope to promote critical engagement and mutual learning among conference participants.
Submission for proposals:
All papers and panel proposals should be submitted to:

Fred Lee
Executive Director, ICAPE

Proposal deadline: January 4th, 2010
Notification deadline: January 25th, 2010

For individual paper proposals, please include the following:

Paper Title
Brief abstract (200-250 words)
Your name (s) and contact addresses (including institutional affiliation)

For Panel proposals (3-4 papers), please include: the panel title, a brief description of the panel’s focus, a brief abstract (200-250 words) for each paper, and each panelist’s name, contact address, and institutional affiliation. You are encouraged (but not required) to designate a session chair.
Also, you are encouraged to propose a format for your session, including non-traditional formats such as roundtables, workshops, or presenter/audience dialogues.

Proposal deadline: January 4th, 2010
Notification deadline: January 25th, 2010.

Conference Fees and Registration

The conference will be held over three days, beginning on Friday morning, June 3, 2010, and ending midday on Sunday, June 5.

The conference fee covers Friday and Saturday lunches, a conference dinner Friday evening, tea/coffee breaks throughout the conference, and all printed conference materials.

More details regarding the conference fees and details of payment will be available soon, on the website:

Lodging and Travel Information

A list of local hotels and other lodging options, along with basic travel information, will be available soon on the ICAPE website:

Contact information

For further information about the conference or ICAPE, please visit the ICAPE website ( ) or contact the Conference Organizer Karl Petrick at  or by telephone at 1-413-782-1601.

Forum for Social Economics

John Marangos, Ph.D. , Associate Professor, Department of Economics,
University of Crete, Greece
Sponsored by the Association for Social Economics, The Forum for Social Economics applies social economic analysis to practical policy issues and the implications of alternative policy perspectives concerning the social economy. Papers contribute to our understanding of past or current socioeconomic issues that have contemporary relevance for economists, social scientists, policymakers, and business professionals.

This journal publishes work that addresses economic issues within the context of the wider ethical, cultural, and natural environment. Papers often transcend established disciplinary boundaries. In addition, the journal explores issues relevant to the teaching of economics, with an emphasis on approaches to teaching social and heterodox economics.
The "Explorations in Social Economics" section, a feature of the journal, publishes alternative views on emerging issues written by distinguished scholars.

Associate Editor:
Mark D. White, Department of Political Science, Economics, and Philosophy, College of Staten Island/CUNY, Staten Island, NY, USA
Editorial Board:
Anne M. de Bruin, Department of Commerce, Massey University at Albany, Auckland, New Zealand; Grainne Collins, Employment Research Centre, Department of Sociology, School of Social Sciences and Philosophy, Trinity College, Dublin, Ireland; Laura Ebert, Marist College, School of Management, Poughkeepsie, NY, USA Wolfram Elsner, Institute for Institutional and Innovation Economics - IINO, Department of Economics, University of Bremen, Germany; John F. Henry, University of Misssouri, Department of Economics, Kansas City, MO, USA; Alan Hutton, Division of Public Policy, Caledonian Business School, Glasgow Caledonian University, Scotland, UK; Roel Jongeneel, Department of Agricultural Economics and Rural Policy, Wageningen University, The Netherlands; Charles J. Whalen, Cornell University, Geneva, NY, USA / Utica College, NY, USA; Paul P. Wojick, St. Olaf College, Northfi eld, MN, USA Forum for Social Economics
Abstracted/Indexed in:
BIOSIS Previews, Chemical Abstracts Service (CAS), EconLit, PubMed/Medline, Repec. M
Aims and scope
The Forum for Social Economics is an international journal sponsored by the Association for Social Economics. For 35 years the Forum has published high quality peer-reviewed papers. The primary focus of the Forum is on applying social economic analysis to practical policy issues and/or the implications of alternative policy perspectives encompassing the social economy. The Forum is a pluralistic journal publishing work that addresses economic issues within wider ethical, cultural or natural environmental contexts, and is sympathetic to papers that transcend established disciplinary boundaries. Papers should make a contribution to past or current socioeconomic issues that have contemporary relevance to economists, social scientists, policy makers and business.
The journal welcomes stimulating original articles that are clearly written and draw upon contemporary policy-related research. Preference is given to non-technical articles of topical and historical interest that will appeal to a wide range of readers. The journal is also interested in serving as an avenue for issues regarding teaching economics, in particular teaching approaches to social and heterodox economics.
Papers will pass a double-blind referee process supervised and subject to the final approval of the Editor. The „Explorations in Social Economics“ section of the journal is an informative solicited opinion piece by a distinguished scholar presenting alternative views on emerging issues.
The Forum invites graduate students to submit research papers. Proof of graduate student status should be provided with the submission.
While the students‘ papers will go through the regular review process and be held to the same standards for acceptance as other submissions, the panel of reviewers will serve a mentoring role to advise the student to strengthen the paper.
Easy Ways to Order for the Americas ? Write: Springer Order Department, PO Box 2485, Secaucus, NJ 07096-2485, USA Call: (toll free) 1-800-SPRINGER
Fax: (201)348-4505 ? Email:  or (for outside the Americas)  Write: Springer Customer Service Center GmbH, Haberstrasse 7, 69126 Heidelberg,
Germany Call: +49 (0) 6221-345-4303 ? Fax: +49 (0) 6221-345-4229 ? Email:  05
Submit your research online via Editorial Manager
Our fully web-enabled online Manuscript submission & review system
Submit via

The Spirit of Innovation IV- International Conference

“Environment, Innovation and Sustainable Development: Towards a new technoeconomic paradigm?”

Click here for detailed information.

Managing Economic Transition (MET) Network

24st Research Seminar: “Crisis in Transition” organised jointly with Centre for the Study of Economic and Social Change in Europe,
SSEES, University College London & European Association for Comparative Economic Studies Call for Abstracts / Papers
The 24st MET Workshop will be held at UCL, London On Friday, 8th of January 2010
All papers on macro and micro aspects of economic transition and economic integration in CEE, fSU and China are welcome.
HOWEVER: We are particularly interested in comparative research on the factors that made the impact of the current crisis more serious in some countries than in the others, including the institutional setup.
Abstract or Paper Submission
Abstracts or Papers should be submitted to: Hannah Spikesey as attached file to the following e-mail addresses:
Submission deadline: Papers received after 31 October will not be considered .
A final decision on the programme will be delivered within about two weeks after.
Organising Committee: Dr. Jens Holscher, Dr. Julia Korosteleva, Prof. Tomasz Mickiewicz,
Prof. Slavo Radosevic

A special issue of Sustainability

Call for Papers: Special Issue "Economic thought, Theory and Practices for Sustainability" - A special issue of Sustainability (ISSN 2071-1050). 
Deadline for manuscript submissions: 31 March 2010

Guest Editor

Prof. Dr. Brian Chi-ang Lin
Department of Public Finance, National Chengchi University, 64, Section 2, Chih-nan Road, Taipei 11605, Taiwan

To date, our modern, growth-oriented societies have been characterized by serious phenomena such as environmental degradation and growing economic inequality. Take climate change for example. Reacting to this phenomenon, governments all over the world have begun to implement energy preservation and carbon emission reduction policies, and so on. These governments have recognized that, to address such hazards, economic planning is necessary; governments are obligated to initiate various cooperative and institutional mechanisms to internalize individual choices, to coordinate various needs and interests, and to ensure an equal chance of participation for people of all levels of society.

This special issue seeks to offer a timely collection of scholarly papers that address the aforementioned challenges. Despite the fact that an economic school of sustainability (or sustainable development) has not yet appeared, concepts or ideas of sustainability have long been documented in the economics literature. Ecological economist Herman Daly, for instance, traced his analysis of the steady-state economy (SSE), a sustainable economy, back to classical economist John Stuart Mill’s notion of the stationary state.
By means of reviewing classical thought, we will be able to develop fresh conceptual and theoretical outlooks on the properties of sustainability compatible with the socioeconomic progress of this century. Also, an examination of some ancient economies will be instrumental to the construction of a modern version of sustainability. Take the conventional tribal economy for example. Most indigenous tribes have practiced a simple lifestyle for thousands of years. Self-sufficient indigenous tribes characterized by small-scale economic activities can be regarded to some extent as a prototype for a sustainable economy.

Sustainability has emerged as one of most pressing issues in the twenty-first century since it has been recognized that everyone has a stake in Our Common Future. We welcome original papers that provide theoretical breakthroughs, empirical advances, or further reflections on economic thought with endeavors for enhancing sustainability.
Submission Information

All papers should be submitted to  To be published continuously until the deadline and papers will be listed together at the special issue website.

Submitted papers should not have been published nor be under consideration for publication elsewhere. All papers are refereed through a peer-review process. A guide for authors is available on the Instructions for Authors page. Sustainability is a new international, peer-reviewed, quarterly open access journal published by Molecular Diversity Preservation International.

Article Processing Charges (APC) for publication in this Open Access journal are waived for well-prepared manuscripts submitted by 30 June 2010. English correction or formatting fees of 250 CHF (Swiss Francs) will be charged in certain cases for those paper accepted for publication, that require extensive additional formatting and/or English corrections.
- Sustainable Development
- Economic Thought
- Economic Planning
- Institutions
- Institutional Change 

Social Studies of Finance Workshop

Reembedding Finance”
Paris, Université de Paris Ouest Nanterre La Défense,
Thursday 20th and Friday 21st May 2010
Call for Papers

The subprime financial crisis has recently shown the limits of an abstract and disembodied view of financial markets and their so-called “efficiency”. A new interdisciplinary field of research – often known as “Social Studies of Finance” – has been purposefully tackling these limitations, and has developed with a view to “reembedding” financial practices into the social world. This collective dynamic of interdisciplinary research (gathering areas such as sociology, economics, history, anthropology, political science, management studies, geography and so forth), is grounded on a stiff conviction: the need to study financial activities as forms of social life. Showing how financial reality is embedded in social networks, culture, technology, scientific knowledge and institutional contexts can renew our understanding of finance.

While in France research in the Social Studies of Finance has been particularly active and structured through the activities of an association holding a regular seminar (the Social Studies of Finance Association or “Association d’études sociales de la finance”), the label “Social Studies of Finance” has been evolving, on an international level, with a neat inclination towards topics such as the scientific and technical embeddedness of finance, especially through the “performativity program”. However along with this thriving program, numerous studies in social networks analysis have shed light on various aspects of the social embeddedness of finance. Similarly, contributions in cultural geography or in globalization studies have examined at length the social aspects of financialization. Anthropological perspectives on financial markets, meanwhile, seek to scrutinize the moral and cultural frameworks underlying financial transactions. New institutionalism, through its various versions, has emphasized the legal and political organization that underpins financial markets and thus thoroughly contributing to the “reembedding” of finance within the social world. Heterodox perspectives in economics have also entered into a fruitful dialogue with more sociologically-inclined approaches.

The purpose of this conference, a Parisian initiative of the Social Studies of Finance Association, is to provide a venue for a productive dialogue between different perspectives to be found in the Social Studies of Finance, to think about their respective contributions, their commonalities, their differences and the opportunities of hybridization they may bring to light, stressing their relevance in the current historical context.

The organizers of the workshop are looking for suggestive contributions in the field of the Social Studies of Finance. Potential contributors should submit an abstract proposal containing roughly 500 words, indicating clearly the original contribution of the corresponding paper. The submission deadline for abstracts is January 15th, 2010. Notice of acceptance or rejection will be sent by early February 2010, completed papers will be due on April, 15th 2010.

The conference is to be held at the Nanterre Campus of the Université Paris Ouest Nanterre La Défense.

Organizing Committee

This Workshop is supported by researchers from different disciplines who are members of the Social Studies of Finance Association.
- Yamina Tadjeddine, EconomiX, Université Paris Ouest Nanterre La Défense, assistant professor in economics.
- Olivier Godechot, Center Maurice Halbwachs, CNRS-ENS-EHESS, researcher in sociology.
- Fabian Muniesa CSI, Mines ParisTech (CNRS UMR 7185), researcher in sociology.
- Sabine Montagne IRISSO, CNRS-Paris-Dauphine (UMR 7170), researcher in economics.
- David Martin, Negocia, CCIP, assistant professor in sociology.
- Horacio Ortiz, LAIOS/IIAC (EHESS-CNRS, UMR 8177), associated research in anthropology.
- Marc Lenglet, European Business School, assistant professor in management.
- Pierre de Larminat, Center Maurice Halbwachs, CNRS-ENS-EHESS, Université de Reims, PhD student in sociology.

Scientific Committee

The scientific committee is composed of the organizing committee and the following external scientific experts:
- Mitchel Abolafia, State University of New York
- Michel Aglietta, Université Paris Ouest Nanterre La Défense
- Donald MacKenzie, University of Edinburgh
- Philippe Steiner, Université Paris Sorbonne – Paris IV
- Karel Williams, University of Manchester

Contact and Organization
Website of the SSFA:

11th Biennial Conference of the International Society for Ecological Economics

Call for Papers
Dear colleagues,

I am preparing a discussion session for the 11th Biennial Conference of the International Society for Ecological Economics "Advancing Sustainability in a Time of Crisis" that will take place in Bremen/Oldenburg (Germany) on 22-25 August 2010 ( ).

The general topic of the session will be «Sources of knowledge for a sustainable decision-making». The session will discuss what kinds of knowledge and expertise need be taken into account in decision-making and governance systems if we want them to ensure sustainability in the long term. How does scientific advice have to be sought for? What are possible controversies around “science-based” policies? What is the relevance of the “local” knowledge? To which extent and in which forms can “public” participation in decision-making enhance sustainability?

If some of you are interested in attending this conference and presenting theoretical considerations and/or case studies from particular countries related to this theme, please contact me as soon as possible so that we could co- ordinate the submission of abstracts. An abstract of up to 400 words would be needed from every panellist.

Demyan Belyaev


RGC 2010 Conference in New Orleans

February 18-20, 2010
Hampton Inn Hotel
Gravier Conference Room
Downtown in the French Quarter Area
Daily Complimentary Hot Breakfast
Organized and Sponsored by the journal Race, Gender & Class
The 2010 Conference registration is $125 for students and $175 for non-students.
All attendees and presenters are expected to register.
Call for Participants and Organizers
Conference Theme
Race, Gender & Class Issues and the Obama Presidency
The 2010 RGC Conference will address the state of RGC with respect to President Obamas Government. Our three-day conference will include plenary sessions, concurrent panels, and social events. We will post additional information about the conference as soon as possible on the RGC website at Class/   
To submit a paper or a panel proposal (only electronically) and/or to volunteer to serve as an RGC Conference organizer, please contact Dr. Jean Ait Belkhir at
Proposal deadline December 1st, 2009
Please check the Race, Gender & Class website for updated information at Class/ 
We hope to see you at the RGC 2010 Conference in New Orleans!
Please forward this Call to colleagues you think may be interested.
The journal Race, Gender & Class was founded in 1993 by Dr. Jean Ait Belkhir, Associate Professor of Sociology, Southern University at New Orleans and University of New Orleans.

Thoughts on Economic Development, China and the West

Call for Papers

The Centre of Economic Development Research (CEDR) at Wuhan University, China, in cooperation with the European Society for the History of Economic Thought (ESHET) and with the Society for the Chinese History of Economic Thought (SCHET) organizes a joint conference on

Thoughts on Economic Development, China and the West
11-12 October 2010, Wuhan

Chinese traditions of economic thinking are at least as old as their European counterparts, and in various periods Chinese ideas influenced economic thinking in the West, particularly in the age of physiocracy. Different strands of Western political and economic thought have, on the other hand, made a strong impact on the development of the Chinese society and economy during the 20th century, in the transition from empire to republic, in the emergence of the people's republic, and in the ongoing process of economic transformation. This conference will take stock of the development, cross-fertilization and contextual adaption of economic ideas in China and the West. The focus is set on theories about economic order and development in China. Other relevant contributions, in particular about the development of development economics and growth economics, are also welcome.

Paper proposals submitted for the conference should thus preferably address one or more of the following themes:

- Chinese Economic Thinking before the 20th Century
- Chinese Economic Thinking in the 20th Century
- Dissemination of Western Economic Ideas in China
- Dissemination of Chinese Economic Ideas in the West
- Economic Thinking in and about the Chinese Transformation Process(es)
- The Development of Development Economics and Growth Economics

Proposals of papers plus abstracts of no more than 800 words each should be submitted electronically before 31 March 2010 to Ma Ying
( and Hans-Michael Trautwein ( Applicants will be informed about a decision concerning the acceptance of their proposals before 30 April 2010. First versions of the accepted papers will have to be submitted in full by 1 August 2010. Some travel grants will be made available by the organizers.

Scientific committee: Profs. Guo Xibao, Ma Ying (CSDE), Yan Qinghua (SCHET), Harald Hagemann, Cristina Marcuzzo, Hans-Michael Trautwein (ESHET)

Seminar on Fertility and Poverty: micro and macro linkages

Centre for Global Health, Population, Poverty, and Policy
Seminar on Fertility and Poverty: micro and macro linkages
28-29 January 2010 at the University of Southampton
Poverty reduction is a core target of the international development agenda. The 1994 International Conference on Population and Development brought the importance of sexual and reproductive health (SRH) to the attention of policy-makers worldwide. The subsequent neglect of SRH, and its exclusion from the Millennium Development Goals have, however, resulted in a patchy evidence base concerning the links between poverty and SRH. Interest on the links between poverty and fertility waned in the mid-1990s, when it became clear that global fertility decline was under way – even in sub-Saharan Africa. However, a recent resurgence in studies related to failing family planning programmes has emerged due to evidence of stalling fertility decline in some countries. At
the macro level, poverty – manifested in low investment in basic social services such as education and health – can have significant implications for reproductive health and fertility trends. Low levels of health investment keep mortality levels high, and failing to provide the contraceptive services
needed to achieve fertility decline keeps fertility higher than it might be otherwise. At the micro level, some researchers have proposed that large families are a result of poverty, due to the need for security in old age but the evidence for this ‘insurance policy’ hypothesis is lacking. Poverty may however impede access to SRH services if couples have to pay for contraceptive commodities, which then leads to unwanted pregnancies. There is a need to synthesise these issues and to propose a coherent future research agenda that focuses on existing gaps in knowledge of the fertility-poverty link as well as methodological challenges.
Papers are being invited that address the following:
i) New evidence on the linkages between fertility and poverty (at both macro and micro levels)
ii) Barriers to contraceptive use and safe abortion amongst those living in poverty
iii) Evidence on the intergenerational flow of wealth and high fertility as insurance for old-age security hypothesis
iv) Interventions and strategies for meeting high unmet need for family planning among the under-served that have worked (e.g. male involvement, voucher schemes, social marketing)
v) Methodological advances in measuring unmet need for family planning
This is one in a series of four seminars on “Poverty and Sexual and Reproductive Health: Towards Unravelling the Vicious Circle” where academics and practitioners will meet to review evidence from cutting edge research in the field and to identify gaps for further scientific research, policy, and practice. We are inviting scholars and practitioners to attend this exciting two-day seminar to be held at the University of Southampton. We also encourage applications from early career researchers and PhD students. Limited bursaries are available for UK-based early career fellows with
innovative and high quality presentation.
To apply please submit an abstract of up to 250 words by 16th November to
Successful applicants will be sent invitation letters by 1st December 2009. For more information about our forthcoming seminars please visit
Collaborators of the seminars series:
London School of Economics, London School of Hygiene and Tropical Medicine, City University,
Loughborough University, and University of Warwick.

Strikes and Social Conflicts in the Twentieth Century

Call for Papers
International Conference
Strikes and Social Conflicts in the Twentieth Century
Lisbon, 17, 18, 19 March, 2011

The Institute of Contemporary History (New University of Lisbon), the International Institute of Social History (Amsterdam), The Archive Edgard Leuenroth (Unicamp/Brasil), the Centre for the Study of Spain under Franco and Democracy (Autonomous University of Barcelona) and the Maison des Sciences de l'Homme (France) start the call for papers for the International Conference on Strikes and Social Conflicts in the Twentieth Century that will take place in Lisbon between 17 and 19 March 2011.

Click here for detailed information.


Conferences, Seminars and Lectures

Séminaire Hétérodoxies du Centre d’Economie de la Sorbonne

La prochaine séance du Séminaire se tiendra avec :

(CLERSE – IFRESI – Université Lille I)

Le capitalisme est-il intrinsčquement instable ?
Formes de capitalisme et Dynamique économique

Discutant : Michael Assous (Phare, Université Paris1)

Mardi 27 octobre 2009 ŕ 16h00

Maison des Sciences Economiques
106 Boulevard de l’Hôpital, 75 013 PARIS (Métro Campo Formio)
Salle des Conférences (6čme étage)

Ci-joint le texte de la communication (le site étant momentanément indisponible)

Prochaines séances :
* 3 novembre 2009 (ŕ 17h exceptionnellement) avec El-Mouhoub MOUHOUD (LEDa et IRISES, Université Paris Dauphine) et Dominique PLIHON (CEPN – Université Paris XIII)
Le savoir et la finance : liaisons dangereuses au cśur du capitalisme contemporain
* 24 novembre 2009 (16h) avec Franck-Dominique VIVIEN (Université de Reims) et Valérie BOISVERT (IRD) :« La convention sur la diversité biologique : quelle lecture institutionnaliste ? »

The Future of Capitalism

A Public Debate Hosted by KCL Capital Reading Group and KCL Business Society
Supported by the Centre for European Studies, King's College London


ALEX CALLINICOS, Professor of European Studies, King's College London, and author of The Revolutionary Ideas of Karl Marx
MARTIN WOLF, Chief Economics Commentator, Financial Times, and author of Fixing Global Finance


for more information contact

Crisis what Crisis: Forward to the Past?

*Critical Labour Studies: 6th Symposium 2009
Venue: The School of Oriental and African Studies, University of London
Saturday 21st/Sunday 22nd November 2009

Statement of Intent
It is clear to researchers and activists, both in the trade union movement and universities, that global capitalism is increasingly shaping the worlds of work and employment.

Click here for detailed information.

Cambridge Realist Workshop - Michaelmas Term 2009

Another year (in fact this is our 20th year), and yet another programme for the Cambridge Realist Workshop.

Please note, though, that this year brings some significant changes.

First, the location has changed. We will no longer be meeting at CRASSH. Instead we will be meeting in Clare College, which is in Trinity Lane. More specifically we will be meeting in the Latimer room, which is in the Old Court. For a 3-Dmap see: 

Second, instead of meeting weekly, we will be meeting fortnightly, starting on the second week of term. This means that the first meeting is not tomorrow but Monday, October 19. As usual the seminars will start at 8pm, but drinks will be available from 7:30 pm.

The programme for the coming term (which has a clear ontological flavour) is as follows:

Monday October 19,
Speaker: Tony Lawson (Economics, Cambridge)
Topic: What is and Why Bother with Social Ontology?

Monday November 02,
Speaker: Andrew Gamble (Politics, Cambridge)
Topic: The Nature of Crisis

Monday November 16,
Speaker: Ha-Joon Chang (Economics and Development, Cambridge)
Topic: The Nature of Development: Hamlet without the Prince of Denmark

Monday November 30,
Speaker: Paul Lewis (Kings College London)
Topic:The Nature and Significance of Emergent Properties:The Case of FA Hayek

For more information go to:
or, for those who have access:

More on the first talk of Monday October 19, 2009

Tony Lawson will introduce the subject of social ontology, explaining his terms/categories, and allowing that many of those present may have little familiarity with the subject. Lawson will be arguing that a turn to social ontology is highly desirable, and likely essential, to modern social theorising. The talk will be self contained, but a background chapter from Lawson’s Reorienting Economics is attached. Further background material can be downloaded from the following sites:
An early position paper of the Cambridge social ontology group:

A currently (temporarily) free download of a recent Lawson paper in the Cambridge Journal of Economics, touching on ontology, academic economic and the crisis:

A recent interview with Lawson in the Erasmus Journal for Philosophy and Economics that focuses on social ontology:

And some other connected papers:

These, to repeat, are merely background material/readings.

The Recession of 2008. Do Economists ever agree on Analysis and Prescriptions?

The European Society for the History of Economic Thought (ESHET) and the University of Castilla La Mancha (UCLM) are jointly organizing a Workshop on:

“The Recession of 2008. Do Economists ever agree on Analysis and Prescriptions?

The current financial and economic crisis has been stimulating some very important and interesting debates. On the one hand, there have been several attempts to compare it with previous crisis, especially with the Great Depression of 1929. On the other hand, the current crisis has also stimulated lively debates about the current state of economic analysis and its effectiveness in providing adequate accounts of the crisis.
Hence, the current crisis has not only
highlighted the changing nature of our economic reality, but also the usefulness of taking a longer view when approaching economic analysis.
The potential contribution of the history of economic ideas seems to be extremely relevant on both accounts.
This Workshop is aimed at analyzing the current financial and economic crisis from a history of economic thought perspective. The papers presented may offer an overview of the crisis or focus on specific issues. They may refer to the global economy or to a single region or country. The may dig on the causes, the consequences or policy recommendations.

The Workshop will take place in the Facultad de Ciencias Económicas y Empresariales de Albacete (University of Castilla ¬ La Mancha, Spain) on the 21 and 22 January, 2010. Albacete is a small but well connected city. It can be reached by train from Alicante (1:15 hours), Valencia (1:30 hours) and Madrid (2 hours).

The seminar has been organized in three parts:
1. Thursday evening (16-18; 18:30-20:30): Presentation of four selected papers.
2. Friday early morning (9-11): Parallel sessions.
3. Friday late morning (11:30-13:30): Presentation of two selected papers.

The papers should be sent to  before 21 November 2009. Participants will receive confirmation of acceptance before 21 December 2009. The Committee will indicate the six papers selected at plenary sessions. They are supposed to cover a broad array of streams in the history of economic thought.

We aim to publish a book gathering together the 10 best papers. Apart form the six papers presented at plenary sessions, the Committee will select four additional papers among those discussed in parallel sessions.

There are no registration fees for the
Workshop. ESHET and UCLM will provide three grants (of 350 euros each) to PhD students who don’t have any other source of finance and present good papers.

For further information visit

Scientific Committee:
O. Dejuan (chair),
E. Febrero.
H. Hagemann,
M.C. Marcuzzo
P. Teixeira.


Organised by the Department of Development Studies School of Oriental and African Studies (SOAS) University of London
Convenor: Prof. Gilbert Achcar
Tuesday 27 October, 6:30pm – Logan Hall, Institute of Education

Professor Emeritus of Linguistics at the Massachusetts Institute of Technology (MIT) Co-sponsored by the Centre for International Studies and Diplomac (SOAS)
Information at
Wednesday 25 November, 6:30pm – Brunei Gallery Lecture Theatre

Director of the Centre for European Studies, King’s College London
PROF. LEO PANITCH Distinguished Research Professor, York University, Toronto
Wednesday 27 January, 6:30pm – Brunei Gallery Lecture Theatre

Board Chair of the Transnational Institute (
Wednesday 3 March, 6:30pm – Brunei Gallery Lecture Theatre

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


Lunes 19 de octubre de 2009 – 17:30hs
Sede de Gobierno de la Universidad Nacional de Rosario
Salón de los Espejos
Maipú 1065 – Rosario


17.30 hs. Acreditaciones.
18.00 hs. Apertura a cargo de Virginia Fernández.
18.15 hs. Primer Panel:

“Evolución de la industria argentina: transformaciones y desafíos”
Expone: Paula Espańol

“Cambio de régimen y dilemas del largo plazo. La economía argentina entre 2003 y 2007”
Expone: Matías Kulfas

19.00 hs. Café.
19.15hs. Segundo Panel

“Cambios en la distribución del ingreso por categoría ocupacional en el Gran Rosario; 2003-2007”
Expone: Oscar Sgrazzutti

“Cambio de época y política endógena. Una mirada desde las Ciencias Sociales”
Expone: Oscar Madoery

20.00 hs. Presentación de AEDA y cierre de la actividad

Exponen: Ivan Heyn – Paula Espańol – Matías Kulfas
Se solicita confirmar asistencia a

Association for Institutional Thought [AFIT]


The 31st annual meeting of AFIT will be held
April 14-17, 2010
Reno, Nevada
Grand Sierra Resort
In conjunction with the Western Social Science Association (WSSA) 52nd Annual Conference

Theme for the 2010 Conference: Toward a Socially Embedded Economy

Institutional economics starts from the view that economy or material provisioning is an instituted process and that institutions should be the basic unit of economic analysis (as opposed to the maximizing representative agent) because they act to both control and empower individuals and social groups and give rise to correlated and often predictable patterns of human behavior. The Association for Institutional Thought provides an excellent platform for the delivery of papers in a broad range of areas, including but not limited to macro and monetary economics, political economy, labor, regulatory and environmental economics, economies in transition, history of thought, institutional selection and evolutionary theory, healthcare, trade and globalization, poverty and inequality, and the economics of sports. The Association invites contributions that employ non-standard models or techniques of investigation and analysis. AFIT sessions are well-attended, and presenters can expect to receive valuable comments on their work. Proposals for complete panels (including discussant(s)) are welcome.

Click here for detailed information.

8th Society of Heterodox Economists Conference on December 7 and 8, 2009

Registration and accommodation details are available from the Conference website


Return of History: From Consensus to Crisis

Cordially invites you to attend
Return of History: From Consensus to Crisis
bi-annual international conference

The “Return of History: From Consensus to Crisis” 2009 International Conference will be held November 20-21st at the Falenty Center in Warsaw. Distinguished panelists from around the world will discuss the global macroeconomic and financial crisis in the following four thematic sessions.

Session 1: The role of countercyclical fiscal policy: historical experience and contemporary challenges
Session 2: The financial crisis: lessons for monetary policy
Session 3: Twenty years after: from transition to crisis
Session 4: Energy security in Europe and other regions

Confirmed speakers include: Wing Thye Woo, Anders Aslund, Leszek Balcerowicz, Eric Berglof, Karel Lannoo and Jacek Rostowski, among many others. For a complete list of conference speakers and detailed agenda please visit the conference website

CONFERENCE REGISTRATION IS REQUIRED. As the conference is quickly approaching, we encourage you to register at

We look forward to hosting another successful international conference and to greeting you in Warsaw in November.

[conference flyer]

Sixth Historical Materialism Annual Conference

‘Another World is Necessary: Crisis, Struggle and Political Alternatives’
27–29 November 2009
at the School of Oriental and African Studies and Birkbeck College, London, WC1 In association with Socialist Register and the Isaac and Tamara Deutscher Memorial Prize Committee


The annual Historical Materialism conference is organised by the editorial board of Historical Materialism in association with the Deutscher Memorial Prize committee and the Socialist Register. The conference has become an important event on the Left, providing an annual forum to discuss recent developments on the agenda of historical-materialist research and has attracted an increasingly high attendance over the past four years. The Editorial Board of Historical Materialism welcomes attendance and active engagement in discussion with panellists from new as well as prior participants with an interest in critical-Marxist thought.

Click here for detailed information.

One Year on from the Panic of 2008- Whither Financialised Capitalism?

7 November 2009
SOAS, London

For more information, contact

Click here to download the flyer.


As you know, 30 million people are unemployed or underemployed, and millions more who work full-time are working poor. Our country had a chronic problem. Now we have a crisis. Even those who see "green shoots" of recovery warn of high joblessness long after the recession is over. This is the time to address both the chronic and acute problems.

A coalition of religious, labor, social welfare, anti-poverty organizations and individuals is hosting a national conference in New York City this November 13-14 to arouse public awareness and action on behalf of the jobless and in support of the right to a living-wage job for all. We propose creating living-wage jobs that fill other social needs--infrastructure repair, elder- and child-care, affordable housing--as well as address the imperative of an ecologically sustainable economy Our proposal is based on work by the National Jobs for All Coalition and the Chicago Political Economy Group. A goal of the Conference is to ignite similar events around the nation and ultimately action in Washington, DC
* Plan to attend the conference and register now
* Visit our conference website at
* Inform individuals and organizations likely to be interested
* Add a link to the conference to your web site
* Volunteer to help
* Send a contribution to help pay for out-of-town attendees who will take the leadership in their cities and towns
* Send us your suggestions

Confirmed speakers include:

Bill Quigley, Legal Director, Center for Constitutional Rights and Loyola University School of Law
Gary Dorrien, Reinhold Niebuhr Professor of Social Ethics, Union Theological Seminary, New York, NY, and Professor of Religion, Columbia University
Philip Harvey, Professor of Law and Economics, Rutgers School of Law
Peter Knowlton, President of the United Electrical, Radio and Machine Workers of America (UE), Northeast Region, and Vice-President on the General Executive Board of the UE National
Robert Pollin, Professor of Economics and founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst
Elce Redmond, South Austin Community Coalition, Committee for New Priorities and Executive Committee, Chicago Job With Justice
Lillian Roberts, Executive Director, District Council 37, AFSCME, AFL-CIO
Holly Sklar, policy advisor, Let Justice Roll Living Wage Campaign, author, Raise the Floor: Wages and Policies That Work for All of Us
James Thindwa, labor and community activist, and former Executive Director of Chicago Jobs With Justice.
Deborah Weinstein, Executive Director, Coalition on Human Needs, Washington, DC
Chuck Bell, Conference Chair, Trudy Goldberg, Chair NJFAC , Mel Rothenberg, Chicago Political Economy Group, Marcel Welty, Conference Coordinator


Job Postings for Heterodox Economists

Kingston University

Arts & Social Sciences
An outstanding individual is sought to lead the School of Economics at Kingston University, London, into the next stage of its development. You will be expected to develop and facilitate the research performance of the School as well as build on existing strengths in undergraduate and postgraduate recruitment. You will have a world-class research profile in any aspect of Economics as well as an ability to foster the work of others. You will have a track record of managerial experience and be able to work collegiately with staff at all levels. This is an excellent opportunity for an individual committed to creating pedagogical and research excellence in London in the context of a vibrant and progressive Faculty.
Post open until filled: review of applications begins 30th November 2009. For informal discussions contact the Dean of Arts and Social Sciences: Professor Martin McQuillan, Tel: 020 8417 2112
For further information and to apply online, please visit our website at  Alternatively you can email  for an application pack, or if you do not have access to the internet, please call the recruitment line on 020 8417 3153, quoting reference 09/329.
The School's declared research tracks include "political economy", so in principle a candidate with strengths in this area ought to be in the running if they meet the other criteria.

The New School for Social Research

The New School, New York, NY
C1 Econometric and Statistical Methods: General
B5 Current Heterodox Approaches

The Department of Economics, The New School for Social Research, and Eugene Lang College are seeking applicants for one assistant professor, tenure-track appointment. We seek scholars with a commitment to undergraduate and graduate teaching and to continuing economic research productivity. Responsibilities include active participation in the undergraduate and graduate curriculum of the university. We have a strong interest in candidates with a demonstrated strength in econometrics and with an interest in some field of political economy or heterodox economics. Salary will be commensurate with experience and achievement.

For more information about the Department of Economics and Eugene Lang College, see  and  We encourage applications from individuals who belong to groups underrepresented in higher education. The New School is an equal opportunity employer. We welcome applications from scholars working in all traditions of economic analysis.
Please send inquiries, including a recent C.V., a writing sample, teaching evaluations, and three letters of reference, to:
Contact: Economics Search Committee, Dept. of Economics, The New School for Social Research, 6 E. 16th Street, Suite 1100, New York, NY 10003.

Howard University

CO Econometrics, Mathematical Economics
DO Microeconomics
EO Macroeconomics
Subject to final budgetary approval, the Department of Economics has three openings at the rank of assistant professor. Ideal candidates should expect to have the Ph.D. completed by August 1, 2010.
For one position, a strong preference will be given to candidates with research and teaching interests in microeconomic theory and game theory and in empirical microeconomics including health economics and urban economics. Those with other research interests in applied microeconomics will also be considered. Candidates must be able to teach advanced graduate level microeconomic theory and industrial organization courses.
For one position, a strong preference will be given to candidates with research and teaching interests in macroeconomic theory and monetary economics. Candidates must be able to teach the advanced graduate level macroeconomic theory, monetary economics and international economics courses.
For one position, a strong preference will be given to candidates with research and teaching interests in econometrics, mathematical economics and game theory. Candidates must be able to teach econometrics, mathematical economics and game theory at the advanced graduate level and the ability to guide doctoral research using applied macro-econometrics and applied micro-econometrics.
For all position, the department seeks applicants with an active research agenda and an ability to develop a strong publication record.
Applicants must have the ability to teach effectively at the undergraduate and graduate levels and provide evidence of strong teaching skills.
Applicants should send a curriculum vitae, a sample research paper, evidence of teaching effectiveness, and letters from three references.
Contact: Search Committee, Department of Economics, Howard University Academic Support Building B Room 302, 2400 Sixth Street, N.W.
Washington, DC 20059.
Howard University is an Affirmative Action/Equal Opportunity Employer, committed to a diverse faculty, staff, and student body. Women and minority candidates are strongly encouraged to apply. For information about the Economics Department at Howard University, see
Review of applications will begin on November 1, 2009. Applications must be complete by December 11, 2009. We will be attending the ASSA meetings in Atlanta.

Trinity College

Department of Economics

G -- Financial Economics
Assistant/Associate/Full Professor
The Department of Economics invites applications for a tenure track position in financial economics at the assistant, associate or full professor level beginning September 2010. The position requires a Ph.D. or degree completed by August 2010. Applicants should be committed to excellence in undergraduate teaching and scholarly research in a liberal arts college. Teaching duties include financial economics, core economics courses, and other courses in the candidate's field(s) of specialization. The teaching load is five courses per year, with a one-semester leave every fourth year. In a cover letter applicants should carefully discuss areas of research and teaching interest. Applicants should submit a cover letter, curriculum vitae, writing sample(s), graduate transcript, and at least three letters of recommendation. Priority will be given to completed applications received by November 1, 2009. Trinity College is an equal opportunity /affirmative action employer. Women and minority candidates are strongly encouraged to apply. CONTACT: Carol Clark, Co-Chair, Department of Economics, Trinity College, Hartford, CT 06106 ( ).

University of Michigan

The Center for Afroamerican & African Studies (CAAS) at the University of Michigan seeks to hire a tenure-track junior faculty member specializing in environmental and resource issues in sub-Saharan Africa. The preferred focus would be on sustainable development and Asia-Africa relations. We encourage applications from social science disciplines including economics. The successful candidate will be expected to develop an interdisciplinary research agenda with three members of a cluster hire. Information on the hiring initiative is located at

This position is 100% within CAAS, with possible ?dry appointments?
elsewhere. Candidates are expected to teach four grad and/or undergrad courses per year, including core and new courses. Send applications including a cover letter, CV and three references to: Chair, EISD Search Committee, Center for Afroamerican & African Studies, University of Michigan, 4700 Haven Hall, 505 S. State Street, Ann Arbor, MI. 48109. Letters should address your qualifications and interest in the research cluster. Application reviews will begin November 1, 2009. Candidates will be interviewed at the ASSA meetings in Atlanta in January, 2010. Women and minorities are encouraged to apply. The University of Michigan is supportive of the needs of dual career couples and is an equal opportunity/affirmative action employer.

Drew University

Drew University, a highly selective liberal arts college located 30 miles outside New York City, invites applications for a tenure-track assistant or associate professor in Macroeconomics beginning September 2010, pending budget approval. PhD. required at time of appointment.
Courses will include: intermediate macroeconomic theory, a macroeconomic policy course, and an additional course in the area of specialization.
Because the occupant of this position will be responsible for co-directing Drew's Wall Street Semester and will also have a role in the new Business Studies Major, familiarity with financial institutions and experience in program administration is preferred. Candidates with an interest in History of Economic Thought are particularly encouraged to apply. Applicants should submit a letter of application, curriculum vitae, three letters of reference, a statement of teaching philosophy, evidence of teaching effectiveness, and a job paper or published article. Application deadline: December 1, 2009. In order to enrich education through diversity, Drew University is an AA/EO employer.
Applications may not be submitted electronically. Send completed applications to:

Prof. Marc Tomljanovich, Chair
Economics Search Committee
Drew University
36 Madison Ave.
Madison, NJ 07940

University of Massachusetts Boston, Boston, MA

Q5 - Environmental Economics
R0 - Urban, Rural, and Regional Economics
I2 - Economics of Education
F22- Economics of Immigration
The Department of Economics invites applications for two anticipated tenure track openings at the Assistant Professor level, beginning Fall 2010 (subject to budgetary approval). One position is in environmental economics; the other is in urban/regional development, preferably related to human resource development, such as in education or immigration. A successful applicant will have teaching and applied research records in these areas. We are interested in candidates who include heterodox political economy, feminist approaches, applied policy analysis, or innovative methodologies in their research. An interest in international comparisons of environmental or urban/regional issues would also be valued.

Candidates should have a successful teaching record and the capacity to contribute to undergraduate general education, the economics major and, possibly, graduate instruction. Evidence of successful teaching with diverse students is highly desirable.

Candidates must have completed the Ph.D. by September 1, 2010. Evidence of progress towards an excellent scholarly record is necessary.
Review of applications will begin on November 15, 2009, and continue until the position is filled. We anticipate preliminary interviews at the ASSA meetings in Atlanta.

Send letter of application, curriculum vitae, a sample of written work, and three current letters of recommendation. Please include in your letter of application an explanation of how your work would complement the heterodox nature of the department. UMass Boston is an Affirmative Action, Equal Opportunity Title IX employer.
CONTACT: Personnel Committee, Department of Economics, University of Massachusetts Boston, 100 Morrissey Blvd., Boston, MA 02125-3393.

Franklin & Marshall College

Visiting Instructor/Visiting Assistant Professor of Economics
Franklin & Marshall College
Lancaster, PA
Faculty - Liberal Arts - Economics
Posted: 10/16/2009
Application Due: 12/11/2009
Type: Full Time
The Department of Economics at Franklin & Marshall College invites applications for a three-year position at the Visiting Instructor or Visiting Assistant Professor level, beginning Fall 2010 and pending administrative approval. Teaching experience is required. Teaching load is 3/2 and may include participation in the College's general education program. The teaching responsibilities will include teaching Introduction to Economic Principles and/or the Introduction to Economic Perspectives, statistics, and an elective course chosen in consultation with the Department. We especially welcome applicants who can offer a data rich course on the US economy and the global economy, covering a broad range of areas. We strongly recommend visiting our web site at  for more information about our department. Salary and benefits are competitive and commensurate with qualifications.

Candidates should send a letter of application, curriculum vitae, graduate transcript, three letters of recommendation, a teaching statement, a research statement, and teaching evaluations to Tami Lantz, Department Coordinator, Department of Economics, Franklin & Marshall College, P.O. Box 3003, Lancaster, PA 17604. Applications may be submitted electronically by email to Please reference three-year visitor position in your letter of application.

Franklin & Marshall College is a highly selective liberal arts college with a demonstrated commitment to cultural pluralism. EOE
Application information:

Postal Address: Tami Lantz, Department Coordinator
Economics Department
Franklin & Marshall College
P.O. Box 3003
Lancaster, PA 17604-3003
Phone: (717)-291-3916
Fax: (717)-291-4369
Online App. Form:
Email Address:


Heterodox Conference Papers and Reports and Articles

What is Good for Goldman Sachs is Good for America: The Origins of the Current Crisis

Robert Brenner

2009 Neo Kaldorian Model

People may be interested in an article I just finished, which presents a simple economic model with some insights into the 2008-9 crisis. It's based on a 1940 model by Nicholas Kaldor and describes a steep recession ("falling off a cliff," in Warren Buffett's phrase) as a jump between equilibria. Following Hyman Minsky and Michal Kalecki, I suggest that under capitalism, such a fall off the cliff is more likely to the extent that we see sustained prosperity (as with the so-called "Great Moderation" of 1985-2006). Once the economy falls off the cliff, it's very difficult to climb back up the cliff without government stimulus. A PDF version of the article can be found at:
Any and all comments are welcome.
Jim Devine, a.k.a. James G. Devine | Professor of Economics Loyola Marymount University | Los Angeles, CA 90045 jdevine at  | 310 338-2948

The 2009 Uprising in Iran: The Need to Dispel Prevailing Misconceptions

The Centre for Development Policy and Research is pleased to announce the publication of Development Viewpoint #39, “The 2009 Uprising in Iran: The Need to Dispel Prevailing Misconceptions.” The author, Elaheh Rostami-Povey, a member of the London Middle East Institute and the Centre for Gender Studies, SOAS, argues that the reality of the struggle and the nature of the opposing sides in Iran are more complex than commonly portrayed in the Western press, political circles and academia. The struggle there can certainly not be painted, she asserts, as a contest between two polar opposites, such as ‘the modern versus the traditional’ or ‘the West versus Islam’. The mass democracy movement tends to support, for example, an Islamic state, Iran’s nuclear programme and the country’s growing influence in the region, and is staunchly opposed to any imperial domination or external meddling in the country’s affairs.

Click here to download.

The Persistent Fall in Profitability Underlying the Current Crisis: New Temporalist Evidence" by Andrew Kliman

"Green shoots, profits, and great depressions (or recessions)"

commenting on the views of different economists on the present crisis.
It is neither very long nor very academic, but I hope it can be stimulating. Comments are welcome.
José A. Tapia Granados, MBBCh, MPH, Ph.D.(Econ) Assistant Research Scientist, The University of Michigan Institute for Social Research.

Symposium: The ‘British School’ of International Political Economy Selected articles

Now FREE online access

The symposium on the so-called 'British school' of international political economy builds on the debate that has recently emerged around Benjamin J. Cohen's International Political Economy: An Intellectual History. In tandem with the special issue from Review of International Political Economy (, which reflected at length on the 'American school' of IPE, this issue seeks to bring together a collection of essays by some of the leading figures in the field. The symposium aims to debate what might be meant by a 'British school of IPE', to reflect on its present condition and think about its likely future directions. We think that the essays together constitute a lively, engaging and robust debate and have already attracted wide interest. To see the table of contents for the Symposium and to view the free access articles please see the following link: 


Heterodox Journals and Newsletters

The Friends of Associative Economics Bulletin

The Friends of Associative Economics Bulletin provides an overview of what is going on around the world in the associative economics movement. The bulletin is viewable as a webpage at
October 2009
1) The Geo-Political Context of Economics
2) Upcoming Events
3) Associate! October 2009

Click here for detailed information.

Historical Materialism

Research in Critical Marxist Theory
Volume 17 Issue 3



Massimo de Angelis and David Harvie
‘Cognitive Capitalism’ and the Rat-Race: How Capital Measures Immaterial Labour in British Universities

Iain Pirie
The Political Economy of Academic Publishing

Maria Turchetto
Althusser and Monod: A ‘New Alliance’?

Reflections on ‘Gewalt’ (contd.)

Vittorio Morfino
The Syntax of Violence. Between Hegel and Marx

David Fernbach
Editorial Introduction to Paul Levi’s Our Path: Against Putschism and What Is the Crime: The March Action or Criticising It?

Paul Levi
Our Path: Against Putschism

Paul Levi
What Is the Crime: The March Action or Criticising It?


Alberto Toscano
Partisan Thought

Ben Fine and Alfredo Saad-Filho
Twixt Ricardo and Rubin: Debating Kincaid Once More

Jim Kincaid
The Logical Construction of Value Theory: More on Fine and Saad-Filho

Review Articles

Christian Hřgsbjerg
on Frank Rosengarten’s Urbane Revolutionary: C.L.R. James and the Struggle for a New Society and Brett St Louis’s Rethinking Race, Politics, and Poetics: C.L.R. James’ Critique of Modernity

Robert T. Tally Jr
on Loren Goldner’s Herman Melville: Between Charlemagne and the Antemosaic Cosmic Man: Race, Class, and the Crisis of Bourgeois Ideology in the American Renaissance Writer

Seongjin Jeong
on Iain Pirie’s The Korean Developmental State: From Dirigisme to Neo-Liberalism

Historical-Critical Dictionary of Marxism Peter Thomas Catharsis

Journal of Post Keynesian Economics

Volume 32 Number 1 / Fall 2009 of Journal of Post Keynesian Economics is now available on the web site at

This issue contains:

- Keynesian macroeconomics as the rejection of classical axioms
Steven M. Fazzari

- Davidson on Keynes: the open economy dimension
Robert A. Blecker

- Keynes and the real world: Davidson, money, and uncertainty
Virginie Monvoisin, Louis-Philipe Rochon

- Central themes of Paul Davidson's John Maynard Keynes
Robert W. Dimand

- Reply to contributors to the discussion of the central themes of John Maynard Keynes
Paul Davidson

- Paradoxes in Lucas's 1988 model with variable returns
Giulio Guarini

- Money supply endogeneity under a currency board regime: the case of Bosnia and Herzegovina
Shirley J. Gedeon

- Thirlwall's law and the long-term equilibrium growth rate: an application to Brazil
Gustavo Britto, John S. L. McCombie

- Mainstream economics: searching where the light is
Rogier De Langhe


Welcome to to the eInsight Economics Update. Our key experts summarise some of the most interesting developments and economic indicators below, providing you with useful and timely reflections on the economy as it continues to evolve and respond to circumstances. We hope you find it interesting and welcome your comments.

Trade Deficit Falling

Over the course of the recession the UK has seen its balance of trade deficit fall - that is, the gap between what the UK imports and what it exports has been declining. This is directly linked to the recession through a number of mechanisms.

Firstly, the fall in the value of sterling has made foreign goods sold in the UK more expensive from the perspective of UK consumers. As such individuals have shifted their consumption towards UK-produced goods and services.


LIBOR and Base Rate

At the peak of the financial crisis, the divergence of LIBOR and Base Rate was cited as a major symptom of the freezing up of credit.

In November 2008 the gap between LIBOR and Base Rate peaked at 2.5 per cent. Since then it has been declining and now stands at 0.08 per cent - some way below the historic average. So, if the gap between LIBOR and Base Rate is an indicator of the health of the financial system, why do credit conditions remain so tight?


Mortgage Interest Rates

Whilst the Base Rate remains at an all-time low of 0.5 per cent, average mortgage interest rates continue to be stubbornly high. The gap that has opened up between average tracker and SVR rates over Base Rate - at around 3.4 per cent - is an historic high. Fixed rates have also spiked in recent months, with an average fixed rate now at 5.7 per cent. This is a truly exceptional margin over Base Rate.

The previous section discussed one of the reasons that rates are so high - there is simply not the available capital in the system with which to lend. Banks are under-capitalised and face a major task in rebuilding their balance sheets.


Public Sector Debt

The Government's Sustainable Investment Rule aimed to hold public sector debt (the total amount owed by the government to the private sector) at around 40 per cent, over the course of the economic cycle. The latest data shows debt to actually be 57 per cent of GDP and growing. Forecasts from the 2009 Budget show the debt level increasing to 80 per cent by 2014.

The UK debt level has grown due to the nationalisations of several major banks, in the process staving off the worst of the financial crisis. More recently, the Bank of England's programme of quantitative easing has been buying up vast quantities of government debt. This is effectively monetising public sector debt, converting it directly into new money that is immediately available for spending - not too far off from printing money to fund spending.



Journal of environmental economics and policy
Special Issue on Heterodox environmental economics
The Special Issue hosts papers of the Nobel Prize Elinor Ostrom and of Xavier Basurto, Damien Bazin, René Kemp, Jouni Paavola, Arild Vatn, and Gerardo Marletto.

Review of Political Economy

Volume 21 Issue 4  is now available online at informaworld ( ).

This new issue contains the following articles:

Original Articles

Retirement Policies and the Life Cycle: Current Trends and Future Prospects
Author: William A. Jackson

The Tragedy of the Commons: Institutions and Fisheries Management at the Local and EU Levels
Author: Rouba Al-Fattal

Method, Structure and Argument in Edith Penrose's Theory of Growth
Author: Carol M. Connell

The Impact of Unions on Labor's Share of Income: A Time-Series Analysis
Author: Rudy Fichtenbaum

RICARDO: Standard Commodity : : MARX:
Author: Bruce B. Roberts 

The Center for Global Justice

What's New on the CGJ Website?

Our website has three new articles in Spanish by Cuban historian Armando Cristóbal:

* “Notas Sobre el Estado Moderno y la Nacion Politica” at

* “El Socialismo y la Resistencia al Capitalismo: La construcción de un Estado nuevo: una necesidad” at

* “Una Nueva Ciencia Politica ante la Problematica del Estado-Nacion” at

Plus an article on the financial crisis by U.S. economist Jeff Faux

“La Crisis: Esta Produciendo un Nuevo Orden Global?” at

On the English side of the website you will find:

“The Economic Recovery is an Illusion: The Bank for International Settlements (BIS) Warns of Future Crises”
by Andrew Gavin Marshall linked to

“Neoliberal Globalization: Expropriation from Above”
by Betsy Bowman
The mature stage of capitalism is one of stagnation, not growth. Capitalism is a contradictory system that can survive only through growth but which stagnates because of its very growth. Put simply, there is simply too much stuff produced; this is what is called a crisis of overproduction. But all the money is in a very few hands and thus the vast majority has no money to buy the stuff produced. This is called a crisis of overaccumulation…. Read more at

“The Political Economy of the ‘Illegal’ Immigrant”
by Steve Martinot
One could say that [‘illegal’ immigrants] form a vast "reparations" operation seeking to
compensate for the damage done to their home economies by US investment –
in other words, repatriating what had been taken from them. It is therein
that the justice of the immigrant situation lies…. In these terms, what the anti-immigrant movement seeks to preserve is the injustice of having taken the wealth from Latin America…. Read more at

In the index of articles we have added Mexico as a subject. You can find there all our articles on Mexico:

*Barham: NAFTA 12 Years Later: Free -Trade Treat, or Trans-National Trick?,
*Bowman & Stone: Tolantongo: Model Resort Cooperative?
*Bowman: A Women's Co-op Battles Globalization
*Bowman: TIERRA, LIBERTAD . . . AND COOPS! in Hidalgo, Mexico
*Caldera : “Campesino Resistance in Mexico”
*Carmona: Popular Education for Rural Women in Mexico: The National School for Leadership Training
*Caffentzis: Si Se Puede Insurrection: A Class Analysis
*DuRand: Neo-Liberalism on a Global Scale: The Case of Mexico
*DuRand: The Exhaustion of Neo-Liberalism in Mexico
*DuRand: Peńón de los Bańos: A Community in Resistance to Neo-liberal Globalization
*DuRand: Mexican Immigration and Globalization: The Big Picture
*DuRand: Mexico-U.S. Migration, Part I
*DuRand & DuRand: Mexico-U.S. Migration, Part II
*DuRand & Latch: Up a River without Water
*Esteva: The "Other Campaign" and the Left: Reclaiming an Alternative (external link)
*Faux : “Obama’s Mexican Challenge”
*Faux: “So Far From God, So Near to Wall Street”
*Gandy: Mobilizing Latin American Women for the Fightback against Globalized Oppression: The Role of Religion in Mexico
*García & Zarate-Hoyos: Nahua women in Alto Balsas, Mexico : Administering and Generating Remittances for Human Development
*González Díaz: Social Organization as a Process for Change: Cooperatives of Yucatán and Campeche
*Graham: Peńón de los Bańos
*Kozma: Intolerable Killings: Ten years of abductions and murders in Ciudad Juárez and Chihuahua
*Krinsky: The Struggle of Four Indigenous Communities in Chiapas’ Lacandon Jungle: August 2006
*Lundren & Trigg: Weaving for Survival: Mujeres Productoras de Cienegilla
*Monteagudo: Philosophers, Caracoles and Letizia: A visit to Chiapas
*Marcos: Decolonizing Feminism: the Indigenous Women’s Movement in Mexico
*Millán: Mujeres Productoras: Women Producers of Cochineal and Nopal: “Ya Tsedi Behńa” (The Power of Women)
*Orosco: Pilgrimage, Penitence, and Revolution: Mexican Cultural Resources for Nonviolent Resistance in the Thought of Cesar Chavez
*Ortega: Groundwater Quality at the Independence Basin in Central Mexico: Implications for Regional Development
*Pacheco: I Came Because They Told Me My Son Was Lost: Migration of Wirrárika Women from Eastern Mexico to the Northern Border and the U.S.
*Sánchez González: Gender and natural resources: Maya women and the Agrarian Land Reform in Mexico
*Yasui: Mujeres Productoras, Rural Women Working Together
*Yasui: 50 Years of Foreigners in San Miguel de Allende
*Zapata: THE FEMINIST MOVEMENT IN MEXICO: From Self-Awareness Groups to Transnational Networks


Heterodox Books and Book Series


Edited by Jonathan M. Harris and Neva R. Goodwin (Edward Elgar Publishing, 2009)
The authors and editors of this volume challenge traditional assumptions about economic growth, and develop the elements of a reoriented macroeconomics that takes account both of environmental impacts and of social equity. Policies including carbon trading, revenue recycling, and reorientation of private and social investment are analyzed, providing insight into new paths for economic development with flat or negative carbon emissions. These issues will be crucial to macroeconomic and development policies in the twenty-first century.
Now available at 35% discount -- for more information and to order:
For this volume and other new climate change work from GDAE go to:

The ABCs of the Economic Crisis: What Working People Need to Know

by Fred Magdoff and Michael D. Yates
The economic crisis has created a host of problems for working people: collapsing wages, lost jobs, ruined pensions, and the anxiety that comes with not knowing what tomorrow will bring. Compounding all this is a lack of reliable information that speaks to the realities of workers. Commentators and pundits seem more confused than anyone, and economists—the so-called “experts”—still cling to bankrupt ideologies that failed to predict the crisis and offer nothing to explain it.

Click here for detailed information.

Money And Households In A Capitalist Economy

A Gendered Post Keynesian–Institutional Analysis
Zdravka Todorova, Assistant Professor of Economics, Wright State University, Dayton, OH, US

Publisher's website:
Click here to download the flyer.

After the Crash

Designing a Depression-FreeEconomy
Selected works of MASON GAFFNEY
Edited and with an Introduction By
After the Crash: Designing a Depression-Free Economy is the latest book in the series Studies in Economic Reform and Social Justice from The American Journal of Economics and Sociology. The book analyzes in a unique way the causes of the current crash by showing how such events derive from real estate bubbles and their interactions with banks and other lenders. Mason Gaffney, explains the current economic crisis, by developing a general theory of capital. His theory draws on the previous findings of Knut Wicksell, and demonstrates for readers how excessive investing in durable capital of slow payback can destabilize and then freeze our modern economy, which requires constant circulation and renewal of capital to function properly. Combining that analysis with observed cycles of land speculation, Gaffney shows how a “perfect storm” formed and now has overwhelmed the economy.

After the Crash offers a distinctive framework for analyzing macroeconomic issues, which can offer a useful counterpoint to Keynesian, monetarism, rational expectations theory, and general equilibrium analysis. It reviews sympathetically the function of banks and deposit creation and warns against banks’ monetizing speculative and volatile land values by using them as collateral. Finally, this book criticizes orthodox economists for conflating land and capital in their thinking and their theories, and trivializing the value of land in their data sources. Click here to download the content.

Work after Globalization

Building Occupational Citizenship
Edward Elgar Publishing Lt., London, 2009.

Guy Standing
Professor of Economic Security
University of Bath, UK
And Professor of Labour Economics
Monash University, Australia

This is an important book. It shifts emphasis from the role of capital to the creativity of labour in the creation of value in the real economy. A central role is accorded to each and all of the skills and occupations which contribute to the construction of an economy and a civic culture governed by the public interest. Guy Standing has made an original contribution to the validation of human creativity in the economic process. The work owes an acknowledged debt to the vision of Karl Polanyi.ť Kari Polanyi Levitt, McGill University, Montreal, Canada

Karl Polanyi's The Great Transformation marked the rise of industrial citizenship, which hinged on fictitious labour decommodification. Since the 1970s, this has collapsed and a Global Transformation is under way, in which inequalities and insecurities are becoming unsustainable. Guy Standing explains that while a struggle against paternalism is essential, the desirable egalitarian response to the problems caused by globalization is a strategy to build occupational citizenship. This is based on a right to universal economic security and institutions to enable everybody to develop their capabilities and work whilst respecting the ecological imperatives of the 21st century. The book also explores a phasing out of labour law and re-orientation of collective bargaining towards collaborative bargaining, highlighting the increased importance of the relationship between groups of workers and citizens as well as between workers and capital.

Click here for detailed information.

Socialist Register 2010 - Morbid Symptoms: Health under capitalism

I am writing to tell you that the new Socialist Register website is now fully up and running, featuring SR 2010 on Morbid Symptoms: Health under capitalism alongside our amazing archive of all 700+ essays we've published since 1964. We're sure you will want to check it out at

This is first year the Register is being published simultaneously online and in print and it is the first time that all the essays ever published in the Register are available in one electronic archive. We are sure you agree this is a big deal, and given how much the world needs the Socialist Register that you will want to do all you can to make it successful. I would very much hope that you will personally subscribe now (from the home page go to the Subscriptions tab and click on the Merlin order link at the bottom - at Ł25 it's value for money.

I also would appreciate your concerted help to make effective a major subscriptions campaign we are undertaking. At the very least, could you immediately contact the appropriate people at your library and ask them to take out an institutional subscription to the Register. Many of these librarians will be getting a version of the attached flyer, but we know that librarians are only likely to act on this when requests are made from faculty and other users. I would really appreciate hearing from you as to your librarian's response.

Economic Pluralism

Edited by Robert F Garnett Jr, Erik Olsen, Martha Starr
Series: Routledge Frontiers of Political Economy
The leading edges of economic thinking in the early 21st century are marked by a nascent pluralism - a positive valuing of difference and complexity - regarding the nature and evolution of human behaviour and economic organization. Economic Pluralism brings these pluralist sensibilities to the fore. Its twenty original essays explore the value and difficulties of pluralism in economic theory, philosophy, institutions, and education.

These twenty original essays reflect the maturity and breadth of pluralist scholarship in economics today. The first eight chapters (including essays by Tony Lawson, Diana Strassmann, Frederic Lee, and David Colander) stake out contentious positions on how and why pluralism matters in economic inquiry. The remaining chapters explore the meaning and consequences of pluralism in economic education, institutions, and policies.

This volume provides a unique "second generation" discussion of pluralism in economics. Its twenty original essays include contentious disagreements about where and why pluralism matters in economic inquiry as well as creative explorations of pluralism and its consequences in economic systems and in graduate and undergraduate economic education. It is certain to spur further debate over the scope and value of economic pluralism for the 21st century. This volume would be of most interest as a supplementary text for graduate or undergraduate courses that include units on heterodox economics or economic philosophy.

Routledge Advances in Heterodox Economics

The Coming of Age of Information Technologies and the Path of Transformational Growth
By Davide Gualerzi
Read more

Cultural Economics and Theory
The evolutionary economics of David Hamilton
Edited by David Hamilton, Glen Atkinson, William M. Dugger, William T. Waller Jr.
Read more

The Foundations of Non-Equilibrium Economics
The principle of circular and cumulative causation
Edited by Sebastian Berger
Read more

Informal Work in Developed Nations
Edited by Enrico Marcelli, Colin C. Williams, Pascale Joassart
Read more

The Handbook of Pluralist Economics Education
Edited by Jack Reardon
Read more

The Marginal Productivity Theory of Distribution
A Critical History
By John Pullen
Read more

Heterodox Macroeconomics
Keynes, Marx and globalization
Edited by Jonathan P. Goldstein, Michael G. Hillard
Read more

A History of Heterodox Economics
Challenging the mainstream in the twentieth century
By Frederic Lee
Read more

Radical Economics and Labour
Essays inspired by the IWW Centennial
Edited by Frederic Lee, Jon Bekken
Read more

Currencies, Capital Flows and Crises
A post Keynesian analysis of exchange rate determination
By John T. Harvey
Read More

Ontology and Economics
Tony Lawson and His Critics
Edited by Edward Fullbrook
Read More

The World Bank and the post-Washington Consensus in Vietnam and Indonesia

Inheritance of Loss By Susan Engel (Routledge, Publication Date: 11th August 2009)

This book explores the history, structure and current operations of the World Bank, which despite being the largest development organisation and the largest development research body in the world with tremendous direct and indirect influence on developing economies, has rarely received the critical attention its importance merits. The book’s unique contribution is twofold: it provides an original analysis of the interaction between economic theory, political practice and the Bank’s development praxis as well as two detailed, grounded studies of the Bank’s lending practices.
The book starts with a detailed examination of the development theory and practice of the World Bank from its Keynesian origins to the current shift through the Washington Consensus to the so-called post-Washington Consensus. The second part is a detailed analysis of the Bank’s lending practices in two countries, Vietnam and Indonesia. The case studies extensively utilise World Bank sources —analysing the Project Appraisal Documents for some 113 loans. They also draw on the secondary literature and on interviews with World Bank staff, government officials, academics and NGOs in both countries. The case studies enable the development of empirically-based conclusions regarding the impact of Bank policies on the economic and social development of two important Southeast Asian nations making possible an assessment of the extent to which the rhetoric of the post-Washington Consensus has been incorporated into the Bank’s lending practices. 

The Political Economy of Monetary Circuits Tradition and Change in Post-Keynesian Economics

Edited by: Jean-François Ponsot , Sergio Rossi

This collection of essays in the tradition of monetary circuit theory, also known as monetary theory of production, elaborates on the foundations of modern monetary macroeconomics. It contributes to a new approach to monetary analysis, which provides original insights into the complex fields of money, banking, and finance. The contributors, all prominent experts in these fields, explain a number of economic activities, such as production, consumption, investment, and fixed capital accumulation, in terms of monetary circuits, providing a deeper understanding of the working of contemporary economic systems. This book offers an original analysis of the fundamental factors that led to the current global economic and financial crisis. It will be of great interest to students, postgraduates and scholars in monetary economics, as well as to practitioners and decision makers involved in monetary, banking and financial policies. Click here to download the flyer.


Heterodox Book Reviews

Book Review in THE ECONOMIST of three books about Keynes

Akerlof & Shiller, Animal Spirits: A Misnomer for Their Sound Economics by Mario Nuti 
Animal Spirits - How Human Psychology Drives The Economy, and Why It Matters for Global Capitalism, by George A. Akerlof and Robert J. Shiller, was published earlier this year by Princeton University Press, Princeton and Oxford, 2009. It is a timely book, as it addresses the questions of why most economists failed to foresee the current global crisis, to provide explanations for its occurrence and to suggest effective remedies to counteract it. But above all it is a refreshingly original, formidable set of economic propositions, corrosive and at the same time constructive, with pointed and valuable policy implications.

Click here to read the review.

The Political Economy of the World Bank: The Early Years

Michele Alacevich, _The Political Economy of the World Bank: The Early Years_. Stanford, CA: Stanford University Press, 2009. xvi + 197 pp. $30 (paperback), ISBN: 978-0-8047-6066-9.

Reviewed for EH.NET by Louis Galambos, Department of History, Johns Hopkins University.

Click here to read the review.

A History of Heterodox Economics

Reviewed by Michael J. Murray, Central College

Click here to download the review.

Animal Spirits

Reviewed by Esmeralda Gassie, Graduate Centre of Business, University of Limerick, Ireland
Click here to download the review.

New Deal Banking Reforms

NEW DEAL BANKING REFORMS AND KEYNESIAN WELFARE CAPITALISM, Ellen D. Russell, New York: Routledge, 2007. ix+148 pages. $95 (cloth), ISBN: 978-0-415-95661-1.
Reviewed by David A. Zalewski, Providence College

Click here to download the review.


Heterodox Graduate Program and PhD Scholarships/Research Fellowships

Ghent University

The Department of philosophy and moral sciences Ghent University
has a vacancy for a PhD researcher in connection with the research professorship of Prof. Dr. Eric Schliesser. The area of interest is open with a slight preference for candidates interested in history and philosophy of science, early modern philosophy, philosophy and history of economics, and the role of sympathy in moral sciences/ethics.

Supervisor: Prof. Dr. Eric Schliesser.

Starting date: between June 1 and October 1, 2010.
Period: four years.
Salary: approx. 1700 EUR/month (net).
Profile of the candidate:

- Independent, passionate thinker.
- Entrepreneurial attitude.
- Master's degree in philosophy (or equivalent in exact science, economics, history, or Latin with strong interest in philosophy).
- Able to read, speak and write in English fluently.

Task of the researcher:

The research has to result in a PhD thesis.

The researcher will present the fruits of his/her research at international conferences. S/he will be expected to publish regularly research results in international, refereed journals.

The researcher is expected to organize at least one international conference on the topic of her dissertation. S/he is expected to spend some of his/research time with top-experts at universities abroad. The researcher is expected to be an active participant in the exciting intellectual life of the department and to be eager to keep developing philosophically.


If you are interested in this position, send an email with your dissertation proposal (ca. 1000 words), a CV and list of publications (if any) to Eric Schliesser ( ), no later than 30 December 2009.


Heterodox Web Sites and Associations

Three websites from Canada   


For Your Information

The 2009 FEE Prizes in Austrian Economics


January 2, 2010 2:00-4:00 pm

In The Souls of Black Folk, as he reflected on the history of the South and the nation at the dawn of the 20th century, W. E. B. Du Bois stated: “The Problem of the Twentieth Century is the problem of the color line.” Now that the twentieth century has concluded, it is clear that Du Bois was right. The writings of Du Bois from his base at Atlanta University will be the start for an interpretive historical tour of the color line in Atlanta. Sites to be visited include the Atlanta University complex where W. E. B. Du Bois wrote The Souls of Black Folk and where the student protests that attacked the color line in downtown restaurants in 1960 were organized and marches begun; the County Courthouse, City Hall, and the Georgia Capitol, all sites of segregation and protest; Auburn Avenue, the center of black business; and the Martin Luther King National Historic Site, including his tomb, birth home, the church where he preached (Ebenezer Baptist), and the location where he had his office as head of the SCLC (Prince Hall Mason’s Building). Our tour leader will be Prof. Timothy Crimmins of Georgia State University.

Price: $25.00 or $15.00 for students. Send your check by December 1, 2009 to:
Hazel Dayton Gunn
Department of City & Regional Planning
106 W. Sibley Hall, Cornell University
Ithaca, NY 14853 USA
( )

Tour participants will be sent information on where to meet in Atlanta in December.

Vous avez dit “systčmes régionaux d’innovation” ?

Chčre Madame, cher Monsieur,
Nous avons le plaisir de vous informer que l’éditorial d’octobre du Réseau de Recherche sur l’Innovation, « Vous avez dit “systčmes régionaux d’innovation” ? A propos de la “schizophrénie territoriale” des décideurs politiques français », est disponible ici :

Did You Mean “Regional Innovation Systems

Dear Madam, Dear Sir

We are pleased to inform you that the editorial for October from the Research Network of Innovation « Did You Mean “Regional Innovation Systems” : About the “Territorial Schizophrenia” of French Policy-Makers », is available here :

Institute of Public Enterprise (IPE)

Dear Sir/Madam,

As you are aware, the Institute of Public Enterprise (IPE), Hyderabad, is a non-profit educational society established in 1964. It is devoted to Education, Training, Research and Consultancy for business enterprises in the public and private sector. IPE is the premier Business School at Hyderabad and is recognized as a “Centre of Excellence” by the Indian Council of Social Science Research (ICSSR), Ministry of Human Resource Development, Government of India, New Delhi, for doctoral studies. To know about our institute you can go through our website

We at IPE are publishing two journals namely : The Journal of Institute of Public Enterprise and the Journal of Economic Policy and Research, which are widely circulated in India and abroad. In this connection, we would like to invite articles from Professors and Research Scholars etc., of your department.

The articles may deal with empirical analysis, historical analysis and situational analysis, on themes pertaining to Public Enterprises policy and public systems, Public Enterprises v. Private Enterprises etc. The articles may broadly cater to functional disciplines like Strategic Management, Finance, HRD, IT, Marketing, Logistics and other inter-related sector specific topics like infrastructure, Airports, Roads, Ports Bridges Power (Energy), Telecommunications etc. Sections of Theses of any completed M. Phil.,/Ph. D, from your department, covering the period from 2006 to 2009 if any, may be extracted and forwarded. For the articles selected, honorarium would be given.

For further clarifications you may kindly contact 040 27095480 between 10.00 am and 4.30 pm, Monday to Friday. You may forward the soft copies of the articles to the e-mail  or

Associate Professor &
Programme Co-ordinator [M.B.A. (P.E)],
Institute of Public Enterprise (IPE),
OU Campus,
Hyderabad - 500 007.

Video on “Revolutionizing Economic Thought,”

The Nobel prize for economics may need its own bailout

Facing a similar crisis of legitimacy, the prize needs to prove it is much more than an award for stockmarket speculators
Jayati Ghosh
The economics award is usually the last of the Nobel prizes to be announced. Correctly so, for it was also the last to be created – and strictly speaking is not even a real Nobel prize. The five original awards, first given out in 1901 for literature, peace, medicine/physiology, physics and chemistry, were intended by Alfred Nobel to recognise contributions that enhanced the quality of human life, through scientific advance, literary creativity or efforts at bringing about peace.

Click here to read the article


Statement against Government of India’s planned military offensive in adivasi-populated regions: National and international signatories

Green Jobs Conference  This is a green jobs conference that is upcoming in the United States.

"Science is a Sacred Cow" :A Video from Ankara, Turkey

We shot this short video with a group of undergradaute students at Ankara University in 2007. It was a little cinema workshop in one of the History of Economic Thought courses offered by the Economics Department of Ankara University, in which people wanted to shoot short videos about the current state in economics. In this work, students want to show how boring the economics classes are: they leave the classroom one after another until the last one throws Samuelson's Economics (1948) into trash. The video lasts less than 6 mins. The soundtrack is Supertramp's "School" from "Crime of the Century (1974). The quotation in the very begining of the video (in Turkish) is from a short passage by Anthony Standen Science is a Sacred Cow (1950). A cow, sitting in front of the Faculty building, is the amblem of the Faculty of Political Sciences, Mekteb-i Mulkiye. ("Inek" (=Cow") is the Turkish equivalent of "nerd.")

New Political Economy

Graduate Student Prize Paper Competition Ł500 prize

New Political Economy ( ) is pleased to invite submissions to the 2009/10 Graduate Student Prize Paper Competition. We welcome submissions from graduate students working across the field of political economy, from all relevant disciplinary backgrounds and on any topic consistent with the overall aims and remit of the journal.

The prize is Ł500 (GB sterling) and publication of the paper in New Political Economy.
For a pdf file of the poster and full terms and conditions of the competition please see the following link:

PRESS RELEASE: The Financial Crisis: How Economists Went Astray

From Professor Geoffrey M. Hodgson 
The Business School, University of Hertfordshire, Hatfield, Hertfordshire AL10 9AB, UK

The Financial Crisis: How Economists Went Astray
Two Nobel Laureates and over 2000 Signatories Uphold that Economists have Mistaken Mathematical Beauty for Economic Truth

On 2nd September 2009, Nobel Laureate Paul Krugman wrote in the New York Times that in the run-up to the 2008 financial crash “the economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.”
An online declaration in support of a fuller extract from Krugman’s article (see the text below) has received over 2000 signatures in little over a month. This is already higher than all earlier appeals for the reform of economics, since and including the June 2000 petition by students at the École Normale Supérieure (France's premier institution of higher learning) protesting against the excessive mathematical formalisation of their curriculum and its neglect of economic realities. This petition received 1545 signatures and prompted the French Minister of Education to set up formal enquiry.
Krugman joins a line of Nobel Laureates, including Ronald Coase, Wassily Leontief and Milton Friedman, who have argued that economists has become largely transformed into a branch of applied mathematics, with inadequate contact with the real world. On the online website, Krugman’s words are supported by Nobel Laureate Douglass North.
The narrow training of economists – which concentrates on mathematical techniques and the building of empirically uncontrolled formal models – has been a major reason for the failure of the economics profession to appreciate market vulnerability and warn of the serious risks in the financial system. In their pursuit of tractable models, economists have made over-simplified and misguided assumptions concerning of human agents, markets and other institutions, rather than engaging adequately with the complexities of the real world.
Mathematics is very important and useful, but it should be a servant to economics, and not its master. Real-world substance should prevail over mathematical technique. To help avoid further failings, governments in the USA, Europe and elsewhere should look into the state of economics and the way economics is taught.
Of the 2000-plus signatories of the current online appeal, 62% have PhDs, 20% are from the USA, and 10% from the UK.
As well as Nobel Laureate Douglass North, other prominent signatories include leading international academics and researchers such as Masahiko Aoki, Tony Aspromourgos, Michael Bernstein, Margaret Blair, Mark Blaug, Daniel Bromley, John Cantwell, Ha-Joon Chang, Victoria Chick, Keith Cowling, Kurt Dopfer, Gregory Dow, Ronald Dore, Giovani Dosi, Jean-Pierre Dupuy, Peter Earl, Jan Fagerberg, Olivier Favereau, Duncan Foley, John Foster, Geoffrey Harcourt, Arnold Heertje, Joseph Henrich, Stuart Holland, Will Hutton, Peter Kellner, Arjo Klamer, Mark Lavoie, Richard Lipsey, Brian Loasby, Mark Lutz, Ronald Martin, William McKelvey, Deirdre McCloskey, Stanley Metcalfe, Julie Nelson, Richard Norgaard, Luigi Pasinetti, Peter Richerson, Erik Reinert, Barkley Rosser, Kurt Rothschild, Bridget Rosewell, Robert Rowthorn, Malcolm Rutherford, Paolo Saviotti, Malcolm Sawyer, Esther-Mirjam Sent, Mark Setterfield, Gerald Silverberg, Laurence Shute, Robert Skidelsky, Peter Skott, Ronald Stanfield, Arthur Stinchcombe, Thomas Weisskopf, Sidney Winter and Stefano Zamagni.
All 2000-plus signatories endorse the following words by Paul Krugman:
"Few economists saw our current crisis coming, but this predictive failure was the least of the field’s problems. More important was the profession’s blindness to the very possibility of catastrophic failures in a market economy ... the economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth ... economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets, this time gussied up with fancy equations ... Unfortunately, this romanticized and sanitized vision of the economy led most economists to ignore all the things that can go wrong. They turned a blind eye to the limitations of human rationality that often lead to bubbles and busts; to the problems of institutions that run amok; to the imperfections of markets – especially financial markets – that can cause the economy’s operating system to undergo sudden, unpredictable crashes; and to the dangers created when regulators don’t believe in regulation. ... When it comes to the all-too-human problem of recessions and depressions, economists need to abandon the neat but wrong solution of assuming that everyone is rational and markets work perfectly." (New York Times, September 2nd, 2009.)

Additional supporters can sign the petition on
(If you do not wish to make a contribution, then exist immediately when the web page changes.)

Darling Alicia: The Love Letters of Alicia Kaner and Stephen Merrett

(Stephen Merrett is a longstanding member of the community of heterodox economists) 

The Love Letters of Alicia Kaner and Stephen Merrett

Edited by Vernee Samuel

A collection of enchanting love letters written between 1966–67 by Stephen Merrett, a young British academic based in Delhi and Alicia Kaner, an Argentinian student. The reader is swept along as they flirt, fight and fall in love on the page. The letters also offer a witty and perceptive insight into politics, culture and family life in India, Argentina and Britain.

Click here to download the flyer.

Venezuela: The Battle for Workers' Control

Caracas, October 30, 2007: Produced as part of Centro Internacional Miranda's Transformative Practice and Human Development, directed by Michael Lebowitz.
* Wokers' Control: Theory and Experiences
* Building the Triangle of Socialism

Click here to view the video presentation:

PERI announces SAFER
Dear Friends & Colleagues,
Over a year after the bankruptcies that brought the U.S. and the world economies to the brink of collapse, the U.S. financial system is just as inefficient and unfair - and potentially just as unstable - as it was on George W. Bush's watch. Millions of Americans continue to lose their homes and their jobs, while wealthy Wall Street financiers continue to skim billions of dollars off a financial system largely propped up by $12 trillion in taxpayers' money for bailouts, subsidies and loan guarantees. Meanwhile, massive armies of lobbyists for financial institutions have descended on Capitol Hill and the White House to prevent genuine reform of the system. The upshot is that the power of the money lobby has allowed financiers to continue many of the same risky and lucrative practices that crashed the system, crushed people's dreams and threaten to do so again.
We do not have to tolerate these financial antics any longer. Labor unions, grassroots groups, some legislators and many citizens are working hard to make the financial system part of the solution rather than an ongoing problem facing the American people. In addition, there are economists and other analysts who are playing a role in this struggle, who understand many of the steps required to create a productive and fair financial system. But their ideas have not been widely disseminated among the public or gotten a fair hearing by the Obama Administration.
In response, we have assembled the Economists' Committee for Stable, Accountable, Fair and Efficient Financial Reform (SAFER). SAFER is bringing together economists and other analysts to develop, present and promote major financial reforms that will help restore economic health to American families. Among SAFER's analysts are those who have long experience studying financial matters, have worked in the financial markets, and/or have served in government agencies that regulate financial institutions and markets. SAFER plans to act as a focal point and clearinghouse for developing and disseminating these ideas so they can play a larger role in the debate on financial restructuring and reform.
On the SAFER website you can read more about the participants, download the first set of SAFER policy briefs, read Congressional testimony by SAFER members, read about our participation in the media, and download background research. We look forward to hearing your thoughts on our work, and working with you to create meaningful financial reform.
Gerald Epstein and Jane D'Arista, SAFER Coordinators