Heterodox Economics Newsletter

ISSUE 147 | May 20, 2013 | WEB | PDF | Heterodox Economics Directory

Let's put first things first.  The Heterodox Economics Newsletter will be hosting an exhibition booth at the Allied Social Science Association (ASSA) Annual Meetings in Philadelphia, USA, January 3-5, 2014.  The purpose of organizing this booth is to visibly show that there is an alternative to mainstream-neoclassical economics, to improve the publicity of heterodox economics, and, hence, to confront the giant elephant in the room.  This booth is located in the conference headquarter hotel along with major publishers and associations.  We would like to share this space with heterodox economics associations (not limited to U.S. based associations) and independent heterodox economic journals so that your association/journal can display and distribute various materials, such as association/journal information, membership/subscription form, a sample journal issue, forthcoming events, and the like. For more information, see our call for participation (or download the invitation letter).

Secondly, We’d like to call your attention (and participation) to “Rethinking Economics” conference (London) organized by “Young Economists Network” -- a group of student organizations in the UK and Germany.  This Network is supported by World Economics Association. We were also told that the US Young Economists Network was going to organize a similar event and to start a journal. For details and update, visit here (facebook).  

In solidarity,

Tae-Hee Jo and Ted P. Schmidt, Editors

© Heterodox Economics Newsletter. Since 2004. Founding Editor: Frederic S. Lee. Current Editors: Tae-Hee Jo and Ted P. Schmidt (SUNY Buffalo State). Book Review Editor: Fadhel Kaboub. The Newsletter may be freely redistributed in whole or in part.  Web: heterodoxnews.com Email: heterodoxnews@gmail.com  

Table of Contents

Call for Papers

Association for Institutional Thought (AFIT) Annual Conference 2014

AFIT 9th Annual Student Scholars Award Competition 2014

Financialisation and the Financial crisis

International (Bilbao) Conference: Development in Economic Theory and Policy

Michael Sprinker Graduate Writing Competition

Mind & Society Special Issue on Fear, Economic Behaviour and Public Policies

SFC Workshop: Building a common language for Stock Flow Consistent Macro Models

SFC Sessions at FMM Conference 2013

Call for Participants

Heterodox Economics Exhibition Booth at ASSA 2014

Association for Heterodox Economics Annual Conference 2013

Centro Sraffa Seminars

The European Crisis: Alternative Responses

History of Economic Thought Society of Australia Annual Conference 2013

International GROE Workshop: Institutions and Economic Change

Invitación al lanzamiento de la Sociedad de Economía Crítica (SEC)

Labor and Working-Class History Association (LAWCHA) Conference

PKSG Keynes Seminar

Rethinking Economics Conference

Séminaire d'Economie Politique

World Economics Association Online Conference: The economics curriculum: Towards a radical reformation

Job Postings for Heterodox Economists

Keene State College, US

South Asian University, India

University of Oxford, UK

University of the West of England, UK

Conference Papers, Reports, and Podcasts

Wright State University Neoliberalism Seminar Video

Heterodox Journals

Cambridge Journal of Economics, 37(3): May 2013

Challenge, 56(3): May-June 2013

Erasmus Journal for Philosophy and Economics, 6(1): Spring 2013

Feminist Economics, 19(2): April 2013

History of Economic Thought and Policy, 1: 2013

Journal of Philosophical Economics, VI(2): Spring 2013

Journal of Post Keynesian Economics, 35(3): Spring 2013

Moneta e Credito, 66(261): 2013

PSL Quarterly Review, 66(264): 2013

Research in Political Economy, 28: 2013

Review of Radical Political Economics, 45(2): June 2013

Heterodox Newsletters

Canadian Center for Policy Alternatives

Global Labour Column


Levy News

New Economics Foundation

World Economics Association Newsletter, 3(1): May 2013

Heterodox Books and Book Series

Beyond Liquidity: The Metaphor of Money in Financial Crisis

Capitalism on Trial: Explorations in the Tradition of Thomas E. Weisskopf

Economic Growth in an Open Developing Economy: The Role of Structure and Demand

Economic Policies of the New Thinking in Economics

Financial Crises, 1929 To The Present

The Financial Crisis and the Global South: A Development Perspective

The Great Eurozone Disaster: From Crisis to Global New Deal

The Great University Gamble: Money, Markets and the Future of Higher Education

Keynes and Friedman on Laissez-Faire and Planning: ‘Where to draw the line?

Post-Keynesian Views of the Crisis and its Remedies

The Rediscovery of Classical Economics: Adaptation, Complexity and Growth

Resistance in the Age of Austerity: Nationalism, the Failure of the Left and the Return of God

Heterodox Graduate Programs, Scholarships, and Grants

City University London, UK, PhD Studentships

Kingston University, UK, Part-funded PhD Scholarships

University of Greenwich, UK, MPhil/PhD Scholarship

Latin America/Africa/Asia Scholarly Collaborative Programme Research Grants 2013

Heterodox Websites

Commons Abundance Network

Heterodox Economics in the Media

UMKC Grad Students found another flaw in the Reinhart-Rogoff paper

For Your Information

Marianne A. Ferber (1923-2013)

Call for Papers

Association for Institutional Thought (AFIT) Annual Conference 2014

April 2-5, 2014 | Albuquerque, New Mexico, USA | website | Download CFP

In conjunction with the Western Social Science Association (WSSA) 56th Annual Conference

Theme: Affecting Positive Institutional Change: Towards the Non-invidious Recreation of Community

Some years ago, Marc Tool identified the social-value principle that underlies the research of many institutional economists, namely, “the non-invidious recreation of community.” This refers to developing and applying human knowledge to affect positive social change. Tool’s social-value principle recognizes that human beings live in a particular cultural, institutional setting. The principle refers to analyzing and removing institutions that perpetuate invidious distinctions including distinctions based on income, gender, race, ethnicity, and so on, distinctions that impede the life process. Positive institutional change involves creating institutions that foster community, equality, and democracy including the recognition that the human species lives within and depends on a “community of species.”

Tool’s social-value principle represents a development of ideas stemming from the origins of Institutional Economics. Veblen evaluated institutions in terms of enhancing the life process, recognizing that many institutions serve to perpetuate the existing power relationships.

The founders of Institutional Economics including Thorstein Veblen, J.R. Commons, Karl Polanyi and others stressed the importance of culture, evolution, cumulative causation, and instrumental valuation. Culture refers to the ideas and symbols through which individuals interact with each other and the natural world. The ideas and symbols that people use to interpret the world means that culture matters. Cumulative causation conveys the idea that the past influences the present. New technologies and ideas create new possibilities while closing others, propelling human beings to adapt, learn, and change. Evolution refers to the notion that economic process involves “the selective adaptation of institutions” and individuals. Instrumental valuation refers to evaluating economic and social phenomena in terms of enhancing the life process.

These core ideas continue in the writings of Clarence Ayres, Warren Samuels, Marc Tool, Anne Mayhew, Walter Neale, Philip Klein, Edythe Miller, Hyman Minsky, Randall Wray, David Hamilton, Warren Gramm, Glenn Atkinson, Janice Peterson, William Waller, James Peach, Bill Dugger, J.R. Stanfield, Janet Knoedler, Dell Champlin, John Henry, Chris Brown and many others. For more information on Institutional Economics, please visit the website.

As noted, the theme for this conference is Affecting Positive Institutional Change: Towards the Non-invidious Recreation of Community. This means examining real-world problems and issues and formulating policies to resolve those issues. This includes analyses of the disenfranchised and marginalized in our society; institutional analyses of invidious distinctions based on gender, race, income, power, and so on; changes in employment and work patterns; new developments in Institutionalist theory, notably, the emergence of Modern Monetary Theory; analyses of  corporate power; proposed changes in the regulatory environment; the current paralysis of fiscal policy; the failure of austerity measures; unemployment and the “new normal”; changes in monetary policy; the socialization of risk if not the liabilities of the financial sector; the Economic Crisis of 2008 as a manifestation of the dominance of ceremonial values at the expense of instrumental values; the effect of the crisis on the global economy, especially developing countries; Institutional Economics and the history of economic thought;  teaching Institutional Economics, and so on.Of course, all aspects of Institutional Economics will be considered.

Participants are encouraged to propose sessions, roundtables, and papers. Sessions will be limited to four papers, in addition to a moderator and discussant.

In particular, AFIT encourages graduate students to submit papers for presentation. Students will find a receptive, friendly, and encouraging audience. Moreover, AFIT will continue its tradition of offering prizes for outstanding student papers. Interested students are referred to the following link and see the Annual AFIT Student Scholars Award Competition call for papers below.


Current membership in AFIT is required for presenting a paper; there are no exceptions.  A current membership in WSSA is required for participation in the AFIT program. AFIT's annual membership dues are $25.00, and $15.00 for full-time students and can be paid here.

Deadline for proposals is December 1, 2013.

Please include the following information:

Willingness to serve as a discussant or moderator:

Moderator: (y/n)

Discussant: (y/n)

Area of Specialization:


Format for a "Paper"




Telephone Number:

E-mail Address:

Other Authors:

Abstract: (200 words or less using “New Times Roman" font and point size 12):

Proposed Format for a "Panel"

Title of the Session:

Title of each Paper (appx. 4)

Moderator with Affiliation; Mailing Address; Telephone Number, E-mail Address.

Discussant  (s) with Affiliation, Mailing Address; Telephone Number; E-mail Address.

Presenters with Affiliations; Mailing Addresses; Telephone Number; E-mail Address.

Abstract: (200 words or less using “New Times Roman" font and point size 12):


Please send your proposals by email to John Watkins, Vice President and section coordinator (2013-2014) at jpwatkins.afit@gmail.com. Department of Economics, Westminster College, Salt Lake City, UT USA

Download Call for Papers.

AFIT 9th Annual Student Scholars Award Competition 2014

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


Awards will be made to the three best papers. Winners are expected to present their research during a special session at the Annual Meetings of AFIT, held during the Western Social Science Association’s Annual Conference at the Hyatt, Albuquerque, New Mexico, April 2-5, 2014.


Winners will each receive:

  1. $300 prize
  2. One year student membership in AFIT
  3. Paid WSSA Conference Registration
  4. Paid admission to the AFIT Presidential Address Dinner


Winning papers must be presented at the special AFIT session in order to be eligible for the prize. Prizes will be presented during the AFIT Presidential Address Dinner.


Application Procedures and Deadlines

Papers must be between 15-25 pages in length (4,000–7,000 words), including references and appendices. An entry must include author, educational affiliation, and email address.  They should be submitted electronically (preferably as a pdf) by December 1, 2013 to:


Professor Frederic S. Lee

Department of Economics

211 Haag Hall

University of Missouri-Kansas City

5100 Rockhill Road

Kansas City, Missouri  64110


E-mail:  leefs@umkc.edu 

Winners will be notified by 1/15/14.


Papers of last year’s winners are found here.

For more information about AFIT visit our website.

Financialisation and the Financial crisis

Thursday 17th to Saturday 19th October 2013 | Crowne Plaza Schiphol, Amsterdam, The Netherlands

The five-year project Financialisation, Economy, Society and Sustainable Development (FESSUD) receives 7.9M funding from the E.U and addresses the central issues addressed are the ways in which the growth and performance of economies in the last 30 years have been dependent on the characteristics of the processes of financialisation; how has financialisation impacted on the achievement of specific economic, social, and environmental objectives?; the nature of the relationship between financialisation and the sustainability of the financial system, economic development and the environment?; the lessons to be drawn from the crisis about the nature and impacts of financialisation? ; what are the requisites of a financial system able to support a process of sustainable development, broadly conceived?’

This conference will address many of these issues. It will include sessions in which FESSUD researchers present and debate their research findings, key note speakers on financialisation and reforms of the financial system, and submitted papers.

Keynote speakers include:

  1. Prof. Bob Jessop
  2. Prof. Stephany Griffiths-Jones

The conference sessions include:

  1. Comparative analyses of the changing role of finance in economy and society
  2. Theoretical advances on financialisation: an encompassing approach
  3. Causes and consequences of the financial crisis: evaluations of the
  4. explanations
  5. Finance, real economy and the State
  6. Financialisation and well-being
  7. Financialisation, environment and sustainability
  8. Financial stability and macroeconomic policies

Conference fee: Non-FESSUD members: 70 euros per day (210 euros for three days) to include lunch and refreshments (PhD students 50 euros per day)

Call for papers: We invite the submission of papers for presentation at the conference on the themes of the FESSUD project (for further information on that see www.fessud.eu): papers relating to the session topics indicated above particularly welcomed. Proposals with a 200 word abstract should be sent to the FESSUD office (fessud@leeds.ac.uk) by 24th May 2013. Decisions on acceptance will be communicated by 7th June.

Registration details will be available on the FESSUD web site from 10th May.

The FESSUD project (www.fessud.eu) is funded by the European Union under Framework Programme 7 (theme SSH) grant agreement no. 266800

Abstract of the FESSUD project

The research programme will integrate diverse levels, methods and disciplinary traditions with the aim of developing a comprehensive policy agenda for changing the role of the financial system to help achieve a future which is sustainable in environmental, social and economic terms. The programme involves an integrated and balanced consortium involving partners from 14 countries that has unsurpassed experience of deploying diverse perspectives both within economics and across disciplines inclusive of economics. The programme is distinctively pluralistic, and aims to forge alliances across the social sciences, so as to understand how finance can better serve economic, social and environmental needs. The central issues addressed are the ways in which the growth and performance of economies in the last 30 years have been dependent on the characteristics of the processes of financialisation; how has financialisation impacted on the achievement of specific economic, social, and environmental objectives?; the nature of the relationship between financialisation and the sustainability of the financial system, economic development and the environment?; the lessons to be drawn from the crisis about the nature and impacts of financialisation? ; what are the requisites of a financial system able to support a process of sustainable development, broadly conceived?’

Download the Call for Papers.

International (Bilbao) Conference: Development in Economic Theory and Policy

27-28 JUNE 2013 | Bilbao, Spain | website

The Department of Applied Economics V of the University of the Basque Country and the Cambridge Centre for Economic and Public Policy, Department of Land Economy, of the University of Cambridge, are organizing the 10th International Conference Developments in Economic Theory and Policy. The Conference will be held in Bilbao (Spain), the days 27th and 28th of June 2013.


Although papers are invited on all areas of economics, there will be Plenary Sessions with Invited Speakers about the following topics:

  1. Fiscal and Debt Policies for the Future
  2. Micro-Foundations of Macroeconomics: How Important Are They?


Besides these Special Sessions, there will be another Plenary Session, with Lord Robert Skidelsky delivering a Keynote Speech


Suggestions for Organized Sessions are encouraged. An Organized Session is one session constructed in its entirety by a Session Organizer and submitted to the conference organizers as a complete package. A proposal of an Organized Session must include the following information:

  1. Title of the session, name and affiliation of the session organizer, name and affiliation of the person who will chair the session (if different than the organizer).
  2. Titles of the papers (3-4 papers), name, affiliation and contact information of the authors.


Besides Plenary, Organized and Normal Parallel sessions, there will also be Graduate Student Sessions. In these sessions, students making a MSc or a PhD programme can present their research and discuss that of other students. Participants in the Graduate Student Sessions will pay a lower conference fee.


The deadline to submit Papers and ‘Organized Sessions’ is 27th May 2013.


The Journal Panoeconomicus will publish a special issue with papers presented at the conference. Papers of high quality will be considered for this special issue. All submitted papers will be considered for this issue. The selection of the papers will be made by the Scientific Committee of the Conference. The final decision about the papers to be published will be subject to a process of anonymous evaluation.


For more information, you can contact with Jesus Ferreiro (jesus.ferreiro@ehu.es) or visit the conference website.

Michael Sprinker Graduate Writing Competition

The Marxist Literary Group is pleased to announce the fourteenth annual Michael Sprinker Graduate Writing Competition, established to remember and further Michael’s commitment to Marxist intellectual work and to graduate teaching and students.  The award recognizes an essay or dissertation chapter that engages with Marxist theory, scholarship, pedagogy, and/or activism. Submissions will be judged by a committee of the MLG.  The winner receives professional recognition, a prize of $500, and publication, after the peer review process, in the MLG's journal Mediations.


The winner will be announced at the MLG’s annual Institute on Culture and Society, to be held at Ohio State University, Columbus, June 24-28, 2013.  For further information on the Institute, see mlg.eserver.org, or contact Oded Nir at mlg.ics.2013@gmail.com.


Any and all graduate students are eligible, although submissions must be in English.  Membership in the MLG is recommended but not required.  Essays or chapters must be unpublished but finished work, and must not be more than 30 double spaced pages long.  Please include name, address, phone number, and email address on a separate cover sheet.  The writer’s name should not appear on the essay itself.


Deadline: Tuesday, May 28, 2013.  Please send as an attachment in doc, docx, or pdf format to Kevin Floyd at kfloyd@kent.edu, and send any questions to the same address.

Mind & Society Special Issue on Fear, Economic Behaviour and Public Policies

Mind & Society: Cognitive Studies in Economics and Social Sciences

Special issue planned for the end of 2013


Editors of the issue will be Mario A. Cedrini (Università di Torino), Marco Novarese (Università del Piemonte Orientale), Riccardo Viale (Università Milano Bicocca) and Robin Pope (Centre for Adaptive Behaviour and Cognition, Max Planck Institute for Human Development, Berlin).


This Special Issue addresses the influence of fear on economic behaviour and the role it plays in shaping public policies. An inescapable factor affecting decision-making at all levels, including the strictly individual one, fear is increasingly called upon to explain individual and governmental choices, all the more so in the times of the global crisis and the European debt impasse. Still, on one side, downplaying the importance of systemic risk and radical uncertainty in financial markets, mainstream economics clearly failed both to evaluate the possibility of crisis and, above all, to cope adequately with its effects; on the other, even heterodox or non-conventional approaches tend to downplay the importance of fear as a specific, autonomous factor in explaining economic and financial behaviour at both the individual and aggregate level.

The strength of the concept of fear arguably derives from its capacity to unify all the dimensions of the human being (individual and collective, rational and emotional, theoretical and practical) and to create a connection between different levels of analysis (micro and macro levels) and approaches (behavior, cognition and neuroscience studies; social, institutional and political analysis).


For this special issue Mind & Society calls for papers that cover the following:


  1. Fear and the brain
  2. The multidimensional influence of fear (also in relation to other emotions) on economic behaviour and public policies;
  3. Effectiveness of individual strategies and public policies in coping with fear;
  4. Fear in economic theory and discourse;
  5. Economic imperialism and the need for an interdisciplinary analysis of fear;
  6. Fear in relation to rationality and rationality in relation to fear.
  7. Fear and the global crisis

Possible subtopics

  1. The brain’s need for a balance of fear, hope and trust to develop and maintain its decision-making potential;
  2. The ambiguity of fear in shaping economic behaviour;
  3. Increase in fear as the result of a generalized decline of trust and social cohesion;
  4. Fear in the international dimension: its role in shaping public policies in the times of globalization
  5.  Fear, control, and expertise


All submitted papers are subject to a rigorous peer review process, based on initial editor screening and double-blind refereeing by a minimum of two reviewers. Authors should ensure that their submissions are original contributions and should not be under consideration for any other publication at the same time.

Papers, including list of references and tables/figures, should not exceed 28.000 characters including spaces (about 4.200 words) and should be sent to mindsoc@fondazionerosselli.it not later than 30th September 2013. Guidelines for submissions are provided in the grey box below. No extended abstract in advance is required but, for organizational reasons, authors should inform the Editors of their intention to submit a paper by 30 July 2013, with the proposed title and a provisional abstract.

Mind & Society is edited by the Rosselli Foundation and published by Springer. Its aim is to provide the International scientific community with an observatory to analyze the cognitive revolution taking place in economics and the social sciences.

Download the Call for Papers.

SFC Workshop: Building a common language for Stock Flow Consistent Macro Models

26-27 of August 2013 | Kemmy Business School, University of Limerick, Ireland

After a first very fruitful workshop in Dijon, we now turn to a second workshop in Limerick. A wide variety of approaches, methodologies and topics were presented during the first workshop, allowing for interesting discussions and exchanges. Clearly, the complementarities of the Stock-Flow Consistent and Agent-Based approaches emerged, even if some were sceptical at first. Furthermore, the topics and issues addressed by papers from both methodologies are similar. On the methodology side, SFC and ABM practitioners share issues regarding estimation or the role of expectations.  The influence of finance, fiscal austerity and the construction of the euro zone are at the hart of applied work from both approaches. This workshop also showed us the importance of getting together and confronting our analysis and results. The need to develop a common language surfaced. We will target this workshop, held at the University of Limerick, Ireland, to begin to work towards a common language for the posing of problems and the discovery of solutions to those problems.

Call for paper

We encourage papers building bridges between SFC and ABM methodologies. However any paper treating on either of the methodologies will be considered, as the goal is also to get together. The deadline for paper proposals is 30 June 2013. Please send an abstract (one page) togodin.antoine@gmail.com. Decisions will be made by mid-July.


Hotel costs will be covered for all participants. Transportation costs will be covered for some participants (especially Ph.D. students), if requested when submitting a paper.

SFC Sessions at FMM Conference 2013

24-26 October, 2013 | Berlin, Germany


After a first very fruitful workshop in Dijon (Going Further … Together) and a second venue in Limerick (Building a Common Language), which we hope to be highly stimulating, we will conclude this series of workshops in Berlin, during the FMM conference.


Indeed, two sessions (8 papers) will be dedicated to SFC modelling. We wish to remain within the areas described in the original call for papers (see attachment) and thus encourage papers addressing the following topics:


§   The theory of employment and unemployment

§   Possibilities and limitations of monetary and fiscal policy

§   Labour market institutions, active labour market policies, and decent jobs

§   Industrial policy, productivity and outsourcing

§   Green jobs and limits to growth

§   Working time and employment in a stagnating economy


However, papers treating other subjects related to the call for papers of the first two workshops (empirics, micro foundations, policy recommendation) will also be considered. Please note that all papers will be forwarded to the conference organizers and they may also decide to include SFC models in other sessions. Furthermore, more than one paper per author may be proposed, either via this call for paper or via the conference call for paper (fmm@boeckler.de).


The deadline for paper proposals is 30 June 2013. Please send an abstract (one page) to godin.antoine@gmail.com .


Decisions will be made in early August. Registration forms for the introductory lectures and the conference will be made available online in mid-August. Accepted papers should be sent by 15 October to be posted on the conference web page.


Selected papers might be published after the conference in a special issue of the European Journal of Economics and Economic Policies: Intervention (EJEEP) dedicated to SFC modelling.


Visit the conference website for updates.

Call for Participants

Heterodox Economics Exhibition Booth at ASSA 2014

Dear Officers of Heterodox Economic Associations and Journals,

The 2014 Allied Social Science Association (ASSA) Annual Meetings will take place in Philadelphia, USA, January 3-5, 2014. This is an important event in which over 50 associations and more than 11,000 economists and students from around the world take part. Although mainstream associations are dominant in number, heterodox associations have engaged in a number of scholarly and social activities which are crucial for the continuation and growth of heterodox economics.

Part of those activities will be a “Heterodox Economics”' exhibition booth organized by the Heterodox Economics Newsletter. The purpose of holding this booth is to visibly show that there is an alternative to mainstream-neoclassical economics, to improve the publicity of heterodox economics, and, hence, to confront the giant elephant in the room.  

This booth is located in the conference headquarter hotel along with major publishers and associations. We would like to share this space with heterodox economic associations (not limited to U.S. based associations) and independent heterodox economic journals so that your association/journal can display and distribute various materials, such as association/journal information, membership/subscription form, a sample journal issue, forthcoming events, and the like.

Please let us know if you are interested or if you have any questions. Reserving an exhibition booth is not free. So there will be a small amount of shared fee, which is not fixed until we know the number of participating associations and journals.

We look forward to hearing from you.

Frederic S. Lee and Tae-Hee Jo

Reply or send a query to heterodoxnews@gmail.com 

Download the invitation letter.

Association for Heterodox Economics Annual Conference 2013

4th-6th July 2013 | Centre for Socio-Economic Research, London Metropolitan University, UK | website

Economy and Organisation

See the draft conference program.

We will accept late papers but please contact William Dixon at conference email address  AHE2013@londonmet.ac.uk


  1. Keynote Speakers: William Lazonick, Sir Anthony Atkinson
  2. Speakers also include: Shelia Dow, Victoria Chick, Lord Robert Skidelsky, Edward Skidelsky, Peter Earl, Michael Jefferson, Phillip Blond, Lord Maurice Glasman


In more than ten years the AHE has established a reputation as a major international forum for the discussion of alternatives to mainstream economics, and for the interdisciplinary and pluralistic nature of its discussions. It also plays an on-going role in strengthening the community of heterodox economists, and in the development of heterodox economic theories on various topics through the dissemination of ideas and arguments.


For 2013 the AHE Conference theme is Economy and Organisation. The world economy could be characterised as suffering from a number of sometimes extreme imbalances. At the heart of many of these has been the nature and conduct of organisations. There have been a number of gross corporate scandals that have suggested organisations have taken on internal cultures in which wider responsibilities or concerns are not recognised. These may be related to financial misappropriations, to communities, or to the environment. While individuals must necessarily be involved there appear to be specific organisational cultures at work suggesting something more serious than ‘rogue’ traders or agents. There are issues to be considered such as how organisations understand their purposes, how this understanding is formed, as well as how governance both treats and is treated by them. All these problems suggest an imbalance of interests from which follow detrimental effects. Such imbalances could be argued as also being at the heart of the global financial crisis. Most obviously there was the immediate behaviour of organisations. Less obviously, but now apparent, was a pre-condition of the crisis lying in widening inequalities of both incomes and wealth holdings. These inequalities show a longer term and wider problem than just finance itself. Executive pay has risen such that differentials between CEOs and staff have reached extraordinary levels.


To what extent can economics contribute to an understanding of these issues? In shaping how we understand the relation of the individual to wider problems mainstream economics has assumed a particular kind of atomistic individual that necessarily poses an uneasy relation to the social. Mainstream economics has delivered a particular understanding of the split between ownership and control in which managers are considered to be opportunist agents so that organisations are then taken to be a mass of contracts. This Conference will explore whether heterodox (or pluralistic) oriented perspectives in economics can deliver more optimistic and far reaching views of organisation and its social and cultural context .


Conference Themes

The key theme of the conference this year is Economy and Organisation. However, papers are also being presented on the topics of (1)Enough Stuff?, (2) Economy and the Social, (3) Passinetti and Macroeconomy, (4) Heterodoxy and Microeconomics, (5) Creative Industries (6)Gender Budgeting, and other themes customarily discussed at AHE conferences.

This is also a limited call for papers. We will accept late papers but please contact William Dixon at conference  email address  AHE2013@londonmet.ac.uk 


Registration is open now. Go to the registration site  here.

The fee includes lunches, refreshments and drinks



Deadline for submission of non-refereed papers

10 June 2013

Deadline for registration

10 June 2013


[1]     Abstracts should be no more than 400 words. Papers should usually be 4000-10000 words. Refereeing of papers is optional, is double-blind, and authors will receive comments from two referees. Papers which are not accepted for the refereed stream will be put forward for the non-refereed stream.

[2]     Authors submitting papers to the Conference do so on the understanding that they will provide an electronic version of the paper for upload on the AHE website by the deadline prior to the Conference. These papers will generally be published (in PDF format) on the public part of the website. In exceptional circumstances the Conference Programme Committee may place non-refereed papers on the members-only part of the website, if requested by the author and reasonable justification is given. Copyright of all AHE Conference papers is retained by the author(s).


Further details on the submission process will be available on the Conference webpage, which is part of the AHE website. Details of previous AHE conferences are also listed there. Please consult the website regularly for Conference updates.

Centro Sraffa Seminars

Centro di Ricerche e Documentazione "Piero Sraffa" is pleased to announce next seminar organized in collaboration with Dipartimento di Economia, Roma Tre University

  1. Wednesday 22 May 2013, h. 14:30, Room 11, University Roma Tre, Faculty of Economics, Via Silvio D'Amico 77

Matthew Smith (University of Sydney): William Blake on the Effects of Government Fiscal Policy on Activity and Prices

  1. Tuesday 28 May 2013, Aula Tesi (piano terra)



14:30   Parte prima - Gli squilibri nell'Unione Monetaria

Andrea Ginzburg (Università di Modena e Reggio Emilia) presenta: Tre saggi sulla crisi dell’Euro pubblicati sul numero 1/2013 di Economia & Lavoro, tra i quali uno, inedito, di Fernando Vianello.

Interviene: Paolo Leon  (Università Roma Tre)


16:00   Parte seconda - Le trasformazioni della struttura produttiva

Annamaria Simonazzi (Università “La Sapienza” di Roma): Economic relations between Germany and Southern Europe  

di Annamaria Simonazzi, Andrea Ginzburg e Gianluigi Nocella

Please, go to www.centrosraffa.org for papers and the complete list of seminars and events at Centro Sraffa.

For further information, please write at the address: centro.sraffa@uniroma3.it.

The European Crisis: Alternative Responses

A Jean Monnet international day conference on Parties and movements against austerity

Friday 28th June 2013, 9.45am - 4.45pm | University of Manchester,  Arthur Lewis Building, G.030/031

The financial crisis of European states and of the Eurozone has been met, on the national and transnational levels, with the demand for 'austerity', a political project which is partially shared across the political spectrum from centre-right to centre-left. This day conference will bring together scholars of European radical political parties and social movements which fall outside of this policy field. The socialist left, the populist right, environmentalists, Pirates and more will all come under discussion, and countries covered span from Britain and Sweden to Germany and Greece. The conference aims to answer the questions: What are the alternatives to austerity politics which are being elaborated in Europe right now? And are any of them likely to come to prominence as 'Plan A' becomes less convincing by the minute?

Attendance at the conference is open to all and free of charge, and lunch will be provided, thanks to the support of the Jean Monnet Centre of Excellence, the Comparative Public Policy cluster of the Politics DA, and the Politics DA itself.

But for catering purposes we do ask that you register to let us know of your intention to attend. To do so, and to receive further information, please contact Gareth Price-Thomas at gareth.price-thomas@manchester.ac.uk 


Morning: Political parties

Welcome: 9.45am-10.15am

Panel 1: 10.15am-11.30am

  1. Myrto Tsakatika (Glasgow): ‘SYRIZA's rise: from economic crisis to political rupture’
  2. Luke March (Edinburgh): ‘European Radical left parties and crisis: Still searching for an alternative Europe’

Panel 2: 11.45am-1pm

  1. Gareth Price-Thomas (Manchester): ‘Green directions for Europe: Diverging ideas, or a common front?’
  2. Martin Fredriksson (Linköping): ‘An Open Source Project for Politics: Pirate Parties and the Crisis of Democracy’

1-2pm: Lunch


Afternoon: Social movements

Panel 3: 2pm-3.15pm

  1. Rebecca Gumbrell-McCormick (Birkbeck): ‘Trade Unions and Austerity: Results from a Study of Unions in Ten EU Countries’
  2. Ramon Ribera-Fumaz (Universitat Oberta de Catalunya): ‘Back to Square One? Struggling with Austerity in Spain’

Panel 4: 3.30pm-4.45pm

  1. Raphael Schlembach (UCLan): ‘Environmentalism, austerity and direct action in Britain: contradiction or opportunity?’
  2. Stuart Shields (Manchester): ‘Poland's populist turn: From the crisis of communism to the crisis of capitalism’

History of Economic Thought Society of Australia Annual Conference 2013

July 4-6, 2013 | Perth, Australia | website

See the program.

International GROE Workshop: Institutions and Economic Change

This International Workshop of the Group for Research in Organisational Evolution (GROE) will be held on 20-21 September 2013 at Hitchin Priory, Hitchin, Hertfordshire, England.


  1. Masahiko Aoki (Stanford University, USA): “Between the Economy and the Polity: Causation or Correlation. Theory and a Historical Case from China”
  2. Francesca Gagliardi (University of Hertfordshire, UK): “A Bibliometric Analysis of the Literature on Institutional Complementarities”
  3. Geoffrey Hodgson (University of Hertfordshire, UK): “A Manifesto for Legal Institutionalism”
  4. Jack Knight (Duke University, USA): “Courts and Institutional Change”
  5. Suzanne Konzelmann (Birkbeck College, University of London, UK): “‘Picking winners’ in a Liberal Market Economy: Modern Day Heresy – or Essential Strategy for Competitive Success?”
  6. Richard Langlois (University of Connecticut, USA): “The Institutional Revolution: A Review Essay”
  7. Ugo Pagano (University of Siena, Italy): “Synergy, Conflict and Institutional Complementarities”

Abstracts are available on this GROE webpage: http://uhbs-groe.org/workshops.htm 


This workshop is designed to provide in-depth discussion of cutting-edge issues, in a forum that permits the attention to detail and definition that is often lacking in larger, conference-style events. The expected maximum number of participants is 50. Our past Workshops have filled up rapidly, so please book early to avoid disappointment.


The workshop will include a poster session where participants may present their research, as long as it is related to the workshop theme. To apply to be included in the poster session send an abstract of your paper to Francesca Gagliardi (f.gagliardi@herts.ac.uk).


To reserve a place on the workshop please visit the website.

Invitación al lanzamiento de la Sociedad de Economía Crítica (SEC)

Algún lugar al sur del continente, 30 de abril de 2013

Estimadas/os colegas:

Tenemos el inmenso agrado de invitarlas/os a participar del acto de lanzamiento de la Sociedad de Economía Crítica (SEC) a desarrollarse el próximo jueves 6 de junio a las 19:00 hs. de modo simultáneo en las ciudades de La Plata, Mendoza y Córdoba, donde se presentará y discutirá la propuesta de Estatuto de la misma.

  1. La Plata: Facultad de Ciencias Económicas de la Universidad Nacional de La Plata, calle 6, entre 47 y 48.
  2. Mendoza: Facultad de Ciencias Económicas de la Universidad Nacional de Cuyo, Centro Universitario, Parque Gral. San Martín.
  3. Córdoba: Facultad de Ciencias Económicas de la Universidad Nacional de Córdoba, Av. Valparaíso s/n, Ciudad Universitaria.

En el año 2007 la ciudad de La Plata fue testigo del nacimiento de las Jornadas de Economía Crítica (JEC), experiencia enmarcada en la búsqueda compartida por varias/os colegas en pos de construir un espacio de debate, reflexión y actualización para aquellas perspectivas de la Economía Política que el mainstream de la academia marginaba y, lamentablemente, sigue marginando.

Desde entonces la organización ha crecido geográfica y numéricamente, y hoy se extiende como una densa red con nodos consolidados en Argentina, en las universidades nacionales de la Ciudad Autónoma de Buenos Aires, Córdoba, Lanús, La Plata, Mar del Plata, Mendoza, Rosario, Santa Fe y Quilmes, y en Uruguay, en Montevideo. Asimismo, ha aumentado el número de participantes, tanto expositoras/es como asistentes, lo que expresa con claridad la urgente necesidad de pensar y actuar críticamente en nuestra disciplina. Se trata, nada más y nada menos, de seis años de acumulación de experiencia orientada hacia la democratización social y política de la enseñanza y el aprendizaje de la Economía Política en particular y de las Ciencias Sociales en general, que exhortan a “ir más allá”. A reafirmar el compromiso, sumar esfuerzos y redoblar la apuesta.

Este nuevo desafío lleva hoy el nombre de Sociedad de Economía Crítica. Se trata de una herramienta que permitirá potenciar procesos y llevar adelante acciones tendientes a incidir con eficacia en la disputa por la producción y el acceso al conocimiento con vistas a la transformación social.

Deseamos muy sinceramente contar con la participación de cada una/o de ustedes para afianzar las bases de un espacio abierto, plural y colaborativo. Al mismo tiempo, esperamos contar con las adhesiones institucionales que respalden el proceso. Las/os esperamos en cualquiera de las localidades donde se llevará a cabo el acto de lanzamiento.

Organización de las Jornadas de Economía Crítica

Escuela de Economía Política de la UBA (EsEP-UBA); Colectivo de Pensamiento Crítico en Economía de la UNC (CoPenCE-UNC); Grupo de Economía Crítica de la UNLa (GEC-UNLa); Escuela de Economía Política de la UNLP (EsEP-UNLP); Grupo de Economía Scalabrini Ortiz de la UNMdP (GESO-UNMdP); Colectivo de Economía Crítica de la UNCuyo (CodEC-UNCuyo); Red de Economía Política de Rosario (RedEcoPol-UNR); Regional Santa Fe de las JEC (UNL); Escuela de Pensamiento Crítico de la UNQ (EPeC-UNQ); Espacio de Economía Crítica de la UdelaR (EEC-UdelaR).


VI Jornadas de Economía Crítica: 29, 30 y 31 de agosto en Mendoza, Argentina.

Nos interesa tu opinión sobre el Documento sobre Planes de Estudio [Link]

Labor and Working-Class History Association (LAWCHA) Conference

June 6-8, 2013 | New York City, USA | website

The Labor and Working-Class History Association (LAWCHA) is pleased to announce that it is extending the early registration rates for its impending national conference, "Rights, Solidarity & Justice: Working People Organizing, Past and Present" June 6-8, 2013 in New York City, to Friday, May 17. At 11:59pm on Friday night, rates will go up, so register fast!

More than 90 panels, roundtables and workshops will explore past struggles and contemporary challenges faced by working people in a global context.  Opening and closing plenary sessions with speakers ranging from Frances Fox Piven, Richard Wolff, Bill Fletcher, Jr. and Saket Soni to John Wilhelm, Ruth Milkman and a panel of activists will examine the current crises and new directions for the labor movement.

See the website  for the full program and registration information.

PKSG Keynes Seminar

5.30 - 7.00 pm on Tuesday 21 May in the Garden Room at Robinson College, Cambridge, UK

Guglielmo Forges Davanzati and Mark Hayes will be discussing a paper by Guglielmo, Andrea Pacella and Rosario Patalano on: Keynes and the monetary theory of production.

For further details and the paper visit www.postkeynesian.net

Rethinking Economics Conference

Fri 28th June - Sun 30th June | London School of Economics, UK

A conference to demystify, diversify and reinvigorate economics for imaginative citizens, students, academics, and professionals, including those with no previous training in economics

Opened by

  1. Ha-Joon Chang (University of Cambridge, Reader in the Political Economy of Development; author of Kicking Away The Ladder)
  2. Diane Coyle OBE (Director, Enlightenment Economics; author of “The Economics of Enough”)

Follow https://www.facebook.com/rethinkecon and https://twitter.com/rethinkecon for updates and forthcoming ticket release

Why rethink economics?

  1. We are thirsty for new ways of thinking. The economics we have been studying does not fit the economy we are living in.
  2. We need to ask new questions to get new answers, and we need a greater diversity of ideas in economics.
  3. We deserve new explanations and new responses to the economic, environmental and social crises evolving on our planet.

With talks & workshops on a brief history of austerity and debt / the new international economic order / feminist macroeconomics in public policy / can free markets value our futures? / why economics needs pluralism / nudging and behavioural policy / the history of distributive justice / what kind of rationality is economic rationality? / the new complexity science of economics / post-development thinking in development economics / capitalist tactics for reinventing capitalism / how to change mainstream economics from the outside/ alternatives to neo-classical economics / international businesses in society / what we’re missing from environmental economics / how to organise politically in academia / your ideas go here


  1. Richard Bradley (London School of Economics, Professor of Philosophy)
  2. Chris Brooke (University of Bristol, Lecturer in Politics)
  3. Ha-Joon Chang (University of Cambridge, Reader in the Political Economy of Development; author of Kicking Away The Ladder)
  4. Victoria Chick (University College London, Emeritus Professor of Economics)
  5. Diane Coyle OBE (Director, Enlightenment Economics; author of “The Economics of Enough”)
  6. Natalie Gold (University of Edinburgh, Lecturer in Mind, Reason and Decision)
  7. Bob Hahn (University of Oxford, Professor of Environmental Economics)
  8. Cameron Hepburn (University of Oxford, Fellow; London School of Economics, Senior Research Fellow)
  9. Grazia Ietto-Gilles (London South Bank University, Emeritus Professor of Applied Economics)
  10. Miriam Kennet (Founder and CEO, Green Economics Institute)
  11. Alan Kirman (University of Aix-Marseille, Professor Emeritus of Economics)
  12. John Latsis (Editor of Economic Thought; University of Reading, Lecturer in Organisational Behaviour)
  13. Samuel Nguyen (Senior Economic Advisor, Behavioural Insights Unit, UK Civil Service)
  14. Gabriel Palma (University of Cambridge, Senior Lecturer in Development Economics)
  15. Danny Quah (London School of Economics, Professor of Economics and International Development)
  16. Richard Tol (University of Sussex, Professor of Economics; Vrije Universiteit Amsterdam; Professor of the Economics of Climate Change)
  17. => yourself (no credentials necessary, just passion)

With hands-on workshops from

  1. People & Planet
  2. New Economics Foundation
  3. Econowhat?
  4. The Jubilee Debt Campaign

Organised by

  1. London School of Economics Student Union (UK) Rethinking Economics
  2. Manchester University Student Union (UK) Post-Crash Economics
  3. Cambridge University Student Union (UK) Society for Economic Pluralism
  4. University College London Student Union (UK) Better Economics
  5. University of Tübingen (Germany) Rethinking Economics

RETHINK your Economics

REIMAGINE our Economy

REDEFINE the Debate

Séminaire d'Economie Politique

Lundi 10 juin 2013, de 15h30 à 18h | Maison des Sciences Économiques, salle 114

106-112 boulevard de l'Hôpital 75013 Paris, Métro Campo Formio, bus 57, 67, 27, 83 ou 47

(Textes et plan d'accès : https://sites.google.com/site/seminairedeconomiepolitique )


Métaphysique des crises

  1. Jean-Pierre Dupuy (Stanford University), "Considérations métaphysiques sur l'attente d'une crise annoncée"
  2. Hélène Tordjman (Université Paris XIII, CEPN), "La crise contemporaine, une crise de la modernité technique"

Le débat sera introduit par Claire Pignol (Université Paris I, PHARE)


World Economics Association Online Conference: The economics curriculum: Towards a radical reformation

Open for discussion until May 31.  Anyone may participate. Visit WEA website.

The Papers (with abstracts)

  1. A radical reformation of economics education: educating real world economists / Jack Reardon
  2. Economics textbooks – anomalies and transmogrification of truth / Syll, Lars Pålsson
  3. Should the history of economic thought be included in undergraduate curricula?  / Roncaglia, Alessandro
  4. A New Economics Curriculum For A New Century And A New Economy / Passaris, Constantine E.
  5. Notes on a Real World Economics Curriculum / Ormerod, Paul
  6. The multinationals’ age is everywhere but in the economics curriculum / Ietto-Gillies, Grazia
  7. Political Economy in Australian Universities / George Argyrous
  8. Teaching Replication in Quantitative Empirical Economics / Höffler, Jan H.
  9. Market, socialism and democracy in an interdisciplinary perspective / Hermann, Arturo
  10. What I would like economics majors to know / Hemenway, David
  11. Teaching Open-system Economics / Dow, Sheila
  12. The State of Economics and the Education of Economists / Coyle, Diane
  13. Orthodox Economic Education, Ideology and Commercial Interests: Relationships that Inhibit Poverty Alleviation / Angresano, James
  14. Teaching economic policy in Italy / Acocella, Nicola

Job Postings for Heterodox Economists

Keene State College, US

Economics | One-year Contract Lecturer (Part-time Adjunct Faculty), 2013-2014 Academic Year

The Department of Economics and Political Science at Keene State College is seeking qualified applicants to fill positions in Economics for the 2013-2014 academic year. The Contract Lecturer is a full-time one year benefit appointment with the possibility of renewal for a second year.  A request for a tenure-track economics position is under review.  Qualified applicants would be eligible to apply if the position request is approved.  Due to growing enrollments, the department is also seeking to fill several adjunct positions.

As a public liberal arts college, the institution values interdisciplinary and the department welcomes pluralistic approaches. Full-time teaching load is three classes.  Class enrollments typically are 25-35 students.  We are committed to diversity and multiculturalism, and strongly encourage individuals to apply who have a desire to help the College's ongoing efforts to provide opportunities to help students become responsible global citizens.

Course assignments to be determined; possibilities include Macroeconomics, Introduction to Microeconomics, Economic Development and History of Economic Thought.  Some of these courses serve both the major and our Integrative Studies/General Education Program at the College.

Qualifications: ABD in Economics and evidence of teaching experience and effectiveness are required. Salary commensurate with degree and experience.  For inquiries, please contact Dr. Armagan Gezici atagezici@keene.edu <mailto:agezici@keene.edu>

Application: Apply online.

Applicants should be prepared to upload the following documents when applying online:

  1. Letter of application
  2. Curriculum Vitae
  3. Statement of Teaching Philosophy
  4. Sample teaching evaluations or summaries
  5. Contact information for three (3) references

Application Deadline: Review of applications will begin immediately and will continue until the position is filled or otherwise closed at the College's discretion.

South Asian University, India

South Asian University (SAARC), New Delhi is looking for development economists for its economics faculty. Positions are open to candidates from all nationalities.

See here for details.

University of Oxford, UK

Career Development Fellow in Law and Economics, Faculty of Law

Grade 7: £29,541 - £36,298 p.a.

The University, in association with St Hugh’s College, proposes to appoint a full-time Career Development Fellow in Law and Economics for 3 years, to commence not later than 1 October 2013. The successful candidate will also be elected to a Career Development Fellowship at St Hugh’s College.

The Fellow will carry out a programme of work to promote the study and research of Law and Economics at Oxford, a field which is defined broadly and which may encompass the use of economic methods to study any area of law.

To be eligible for a Career Development Fellowship, applicants must be at an early stage of an academic career, at postdoctoral level or with an equivalent research record and an appropriate research output; or be aspiring to an academic career and have career development needs which could reasonably be met by the scheme.

Applicants for this post must have an excellent knowledge and understanding of any area or areas in the field of Law and Economics, acquired through academic study and/or legal practice; show outstanding promise and the ability or potential to teach, develop research, and publish internationally leading work. Full details must be obtained from the further particulars.

Applications for this vacancy must be made online. To apply for the role and for further details, including the full job description and selection criteria, please click on the link below.

Applications, written work and references must reach the Law Faculty not later than 12.00 noon (GMT) on Wednesday 29 May 2013.

See here for details.

University of the West of England, UK

Lecturer/Senior Lecturer Economics

Campus/location: Frenchay campus

Duration of post: Permanent

Post is open to: External and internal candidates

Closing date: 16 June 2013

Job overview:

We are currently seeking to appoint a permanent Lecturer/Senior Lecturer in a field well aligned with the teaching and research interests of the group. The applicant’s area of expertise should be in at least one of the following areas: ecological economics, local and regional economics, applied business economics. The precise blend of teaching/research/administration is not being specified but it is important to note that at this level of appointment the role holder is expected to make a significant contribution to the teaching activities of the Department and Faculty.

An element of the Department’s strategy for the future is the embracing and embedding of technology-enhanced provision across its range of activities and we would be particularly interested to hear from individuals with experience in this area.

Key selection criteria:


  1. A good first degree in Economics (or closely associated discipline)
  2. A postgraduate degree in Economics (or closely associated discipline), preferably a PhD (or be close to completion)
  3. Desirable

Relevant professional qualifications

Salary band: £30,424 - £45,941

Full time/part time: Full time

To apply, visit here.

Conference Papers, Reports, and Podcasts

Wright State University Neoliberalism Seminar Video

April 5, 2013 | Wright State University, Dayton, Ohio, USA

The videos from the seminar on “Neoliberalism: Ideology, Economics, and Movements” are now available here:


Heterodox Journals

Cambridge Journal of Economics, 37(3): May 2013

Journal website: http://www.oxfordjournals.org/page/3924/1

Special Issue: Prospects for the Eurozone

  1. Prospects for the eurozone / Stephanie Blankenburg, Lawrence King, Sue Konzelmann, and Frank Wilkinson
  2. European economic governance: the Berlin–Washington Consensus / Jean-Paul Fitoussi and Francesco Saraceno
  3. ‘Two or three things I know about her’: Europe in the global crisis and heterodox economics / Riccardo Bellofiore
  4. In search of sustainable paths for the eurozone in the troubled post-2008 world / Jacques Mazier and Pascal Petit
  5. The euro crisis: undetected by conventional economics, favoured by nationally focused polity / Robert Boyer
  6. International credit, financial integration and the euro / Jan Toporowski
  7. Policy coordination, conflicting national interests and the European debt crisis / Carlo Panico and Francesco Purificato
  8. At the crossroads: the euro and its central bank guardian (and saviour?) / Jörg Bibow
  9. Revisiting Latin America’s debt crisis: some lessons for the periphery of the eurozone / Santiago Capraro and Ignacio Perrotini
  10. Economic relations between Germany and southern Europe / Annamaria Simonazzi, Andrea Ginzburg, and Gianluigi Nocella
  11. Reconstructing the eurozone: the role of EU social policy / John Grahl and Paul Teague

Challenge, 56(3): May-June 2013

Website: www.mesharpe.com/mall/results1.asp?ACR=CHA‎ 

  1. Letter from the Editor / Jeff Madrick
  2. Values, Institutions, and Models of Institutional Change in Transition Economies / Pasquale Tridico
  3. The Future of Economic Idealism in East Asia: An Undervalued Cornerstone of the Western Pacific Strategy / Roland Benedikter
  4. Moving to a United States of Europe? / Philip Arestis, Malcolm Sawyer
  5. Understanding International Corruption and What to Do About It / Herbert Werlin
  6. Sustainable Social Security: A Strategy to Benefit Growth in Revenues /Kathleen Krier
  7. The Dismal Job Prospects in America's Future / Herbert J. Gans
  8. Keynes's Hundred Year Forecast / Mike Sharpe

Erasmus Journal for Philosophy and Economics, 6(1): Spring 2013

Journal website: http://ejpe.org/ | Download and print the entire Spring 2013 Issue


  1. Collective intentionality in economics: making Searle’s theory of institutional facts relevant for game theory [PDF] / Cyril Hédoin
  2. Early marginalist ideas on money: some neglected exceptions to the quantity theory [PDF] / Germán D. Feldman
  3. By “fancy or agreement”: Locke’s theory of money and the justice of the global monetary system [PDF] / Luca J. Uberti
  4. Hayek on the wisdom of prices: a reassessment [PDF] / Richard Bronk

Book reviews:

  1. Review of Mary S. Morgan’s The world in the model: how economists work and think [PDF] / Robert Sugden
  2. Review of Julian Reiss’s Philosophy of economics: a contemporary introduction [PDF] / Harold Kincaid
  3. Review of Wilfred Beckerman’s Economics as applied ethics: value judgements in welfare economics [PDF] / Jonathan B. Wight
  4. Review of Andrew M. Yuengert’s Approximating prudence: Aristotelian practical wisdom and economic models of choice [PDF] / Ricardo F. Crespo
  5. Review of James Halteman and Edd S. Noell’s Reckoning with markets: moral reflection in economics [PDF] / Betsy Jane Clary
  6. Review of Ryan Walter’s A critical history of the economy: on the birth of the national and international economies [PDF] / Till Düppe
  7. Review of Samir Okasha and Ken Binmore’s Evolution and rationality: decisions, co-operation, and strategic behaviour [PDF] / Wiljan van den Berge
  8. Review of Axel Gosseries and Yannick Vanderborght’s Arguing about justice: essays for Philippe Van Parijs [PDF] / Juliana Bidadanure

Recent PhD thesis summaries:

  1. Evolutionary foundations of Coasean economics: transforming new institutional economics into evolutionary economics [PDF] / Masahiro Mikami
  2. Beyond green and mainstream: on the normative foundations of environmental policy [PDF] / Stijn Neuteleers

Feminist Economics, 19(2): April 2013

Journal website: http://www.feministeconomics.org

  1. A Critical Assessment of the UNDP’s Gender Inequality Index / Iñaki Permanyer
  2. Does Gender Affect Mortgage Choice? Evidence from the US / Chau Do & Irina Paley
  3. Gender and Poverty Risk in Europe / Elena Bárcena-Martín & Ana I. Moro-Egido
  4. Reciprocity in Caring Labor: Nurses’ Work in Residential Aged Care in Australia / Valerie Adams & Rhonda Sharp
  5. Socioeconomic Effects on the Stature of Nineteenth-Century US Women / Scott Alan Carson
  6. BOOK REVIEW: The Idea of Justice / Sine Bağatur

 History of Economic Thought and Policy, 1: 2013

 Journal website: http://www.francoangeli.it/riviste/sommario.asp?idrivista=121&lingua=en 


 Economists and the History of Economic Policy (1945-2000). A Selection of National Cases

  1. Fabio Masini / Facts, Theories, and Policies in the History of Economics. An Introductory Note
  2. Roger E. Backhouse, James Forder / Rationalizing Incomes Policy in Britain, 1948-1979
  3. Harald Hagemann / Germany after World War II: Ordoliberalism, the Social Market Economy and Keynesianism
  4. Juan Zabalza / Economic Theory and Policy in Dictatorship and Democracy: Spain 1939-1996
  5. Piero Bini / The Italian Economists and the Crisis of the Nineteenseventies. The Rise and Fall of the "Conflict Paradigm"
  6. Erik Buyst / The Interaction between Economic Theories and Policies in Belgium, 1944-2000
  7. Johan Lonnroth / Who Came First: Politicians or Academic Economists?
  8. Masazumi Wakatabe / Central Banking, Japanese Style: Economics and the Bank of Japan, 1945-1985
  9. Benjamin K. Johannsen / Bradley W. Bateman, Rethinking the Monetarist Experience: Monetary Theory and Monetary Policy in the United States

Journal of Philosophical Economics, VI(2): Spring 2013

Journal website: www.jpe.ro 


  1. The ‘desire for money:’ Aristotelian blind spot in the field of economics? A French heterodox point of view / Richard Sobel
  2. Subjective preferences and alternative costs / William Barnett II, Walter E. Block
  3. Money and value: a synthesis of the state theory of money and original institutional economics /Georgios Papadopoulos
  4. The missing link: From Kautilya’s The Arthashastra to modern economics /Marinko Škare
  5. The economic consequences of homo economicus: neoclassical economic theory and the fallacy of market optimality /David Calnitsky, Asher Dupuy-Spencer

Book Reviews

  1. Review of The Social Sciences and Democracy, edited by Jeroen Van Bouwel, London, Palgrave Macmillan, 2009, 268 pp., £58 hb, ISBN 9780230224391 / Ioana Negru
  2. Review of James E. Alvey, A Short History of Ethics and Economics: The Greeks, Cheltenham (UK), Edward Elgar Publishing, 2011, x+184 pp, hb, ISBN 9781847202017 / Dragoș Bîgu

Review of Pranab Bardhan, Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India, Princeton, NJ, Princeton University Press, 2010, 172pp, hb, ISBN 9780691129945 / Géraud Bablon

Journal of Post Keynesian Economics, 35(3): Spring 2013

Website: www.mesharpe.com/mall/results1.asp?ACR=PKE 

  1. A critical review of neoclassical modeling techniques in structured finance / Brian Fahey
  2. Inflation targeting in Mexico / Carlos A. Carrasco, Jesus Ferreiro
  3. Balance-of-payments constrained growth: a post Keynesian model with capital inflows /  Sérgio F. Meyrelles Filho, Frederico G. Jayme, Gilberto Libânio
  4. Exchange rate dynamics in a peripheral monetary economy / Rogerio P. Andrade, Daniela Magalhães Prates
  5. Fiscal policy, Eurobonds, and economic recovery: heterodox policy recipes against financial instability and sovereign debt crisis / Alberto Botta
  6. Securitization and the subprime mortgage crisis / Cristina Peicuti
  7. A comment on the European Central Bank solution vs. the Keynes solution / Pablo Schiaffino
  8. A modified Taylor rule for the Brazilian economy: convention and conservatism in eleven years of inflation targeting (2000-2010) / André de Melo Modenesi, Norberto Montani Martins, Rui Lyrio Modenesi
  9. The illusions of the "new consensus" in macroeconomics: a Minskian analysis / Giorgos Argitis

Moneta e Credito, 66(261): 2013

Journal website: www.monetaecredito.info (articles available for download)

  1. Il ruolo delle istituzioni nell’economia: introduzione / Alessandro Roncaglia        
  2. L'unione bancaria europea e la stabilizzazione dell'Eurozona / Mario Sarcinelli        
  3. La ‘scuola’ italiana di scienza delle finanze / Giuseppe Dallera        
  4. Meglio che arare / James M. Buchanan        
  5. Note bibliografiche: Ramazzotti P., Frigato P. e Elsner W. (a cura di): Social Costs Today. Institutional Analyses of the Present / Marcella Corsi        
  6. Pubblicazioni ricevute / Redazione Moneta e Credito

PSL Quarterly Review, 66(264): 2013

Journal website: www.pslquarterlyreview.info (articles available for download)

  1. Introduction: on the role of a generalist journal / Alessandro Roncaglia        
  2. Keynes, Hobson, Marx / Robert Slidelsky        
  3. Determinants of SME credit worthiness under Basel rules: the value of credit history information / Francesco Dainelli, Francesco Giunta, Fabrizio Cipollini        
  4. Tadeusz Kowalik: Radical Political Economist, Solidarity Advisor and Critic of Globalised Capitalism / Jan Toporowski        
  5. Better than Ploughing / James M. Buchanan

Research in Political Economy, 28: 2013

Journal website: http://www.emeraldinsight.com/books.htm?issn=0161-7230 

  1. Crisis as Unexpected Transition . . . To a Greed-Based Economic System / Wladimir Andreff
  2. Did Gold Remain Relevant in the Post-1971 International Monetary System? / Jean-Guy Loranger
  3. Global Wage Scaling and Left Ideology: A Critique of Charles Post on the ‘Labour Aristocracy’ / Zak Cope
  4. Unpaid Reproductive Labour: A Marxist Analysis / Cecilia Beatriz Escobar Meléndez
  5. Value Theory and Finance / Tony Norfield
  6. Of Fat Cats and Fat Tails: From the Financial Crisis to the ‘New’ Probabilistic Marxism / Julian Wells
  7. Does Investment Call the Tune? Empirical Evidence and Endogenous Theories of the Business Cycle / Jose´ A. Tapia Granados
  8. Product Innovation and Capital Accumulation: An Attempt to Introduce Neo-Schumpeterian Insights into Marxian Economics / Jie Meng

Review of Radical Political Economics, 45(2): June 2013

Website: http://rrp.sagepub.com 


  1. Capitalist Class Agency and the New Deal Order: Against the Notion of a Limited Capital-Labor Accord / Richard McIntyre and Michael Hillard
  2. The Circulation of Bank Capital and the General Rate of Interest / Daniel E. Saros
  3. Notes on a Crisis: The Exzerpthefte and Marx’s Method of Research and Composition / João Antonio de Paula, Hugo E. A. da Gama Cerqueira, Alexandre Mendes Cunha, Carlos Eduardo Suprinyak, Leonardo Gomes de Deus, and Eduardo da Motta e Albuquerque
  4. Theorizing Scarcity: Neoclassical Economics and its Critics /Costas Panayotakis
  5. Competing Paradigms of Competition: Evidence from the Turkish Manufacturing Industry /Serdal Bahçe and Benan Eres

Book Reviews

  1. The Future of Union Organising: Building for Tomorrow and Union Revitalisation in Advanced Economies: Assessing the Contribution of Union Organising and US Labor in Trouble and Transition: The Failure of Reform from Above, the Promise of Revival From Below / Gerald Friedman
  2. Envisioning Real Utopias /Craig Borowiak
  3. The Rise of Neoliberalism in Advanced Capitalist Economies: A Materialist Analysis and New Capitalism? The Transformation of Work and The Bonds of Debt /George Lafferty
  4. Globalization and Transformations of Local Socioeconomic Practices /Tamar Diana Wilson
  5. Book Review: A Modern Guide to Keynesian Macroeconomics and Economic Policies /John Weeks

Heterodox Newsletters

Canadian Center for Policy Alternatives

  1. Without change in public policy, Canada's gender gap will persist: Closing Canada’s Gender Gap: Year 2240 Here We Come!
  2. Hennessy's Index: The high cost of austerity: What Price, Austerity?.

Global Labour Column

  1. A Marshall Plan for Europe, by Michael Sommer
  2. Italy from Recession to a new Socioeconomic Identity, by Paolo Borioni
  3. Tax for Equity (T4E) - Getting Wages back on Track, by Frank Hoffer
  4. The AFL-CIO recently launched a program on the Future of Worker Representation. As part of the program, the AFL-CIO has worked with the Global Labour University to develop a global online conversation on the future of worker representation. How are workers and unions worldwide addressing growing inequality and the challenges to organizing and collective representation?  Each week a new question will be posted. We invite you to join the conversation in English, Spanish and Portuguese. The conversation begins at  http://glu.freeforums.net/


News Analysis

  1. Bullying Cyprus to No End by C.P. Chandrasekhar
  2. Beyond 2015? Or back to the 1980s? by Gabriele Köhler
  3. The Political Economy of Indian Food Exports by C.P. Chandrasekhar and Jayati Ghosh

Featured Articles

  1. China 2012 by Samir Amin
  2. Failed and Asymmetrical Integration: Eastern Europe and the non-financial origins of the European crisis by Erik S. Reinert & Rainer Kattel
  3. The Baltic Republics and the Crisis of 2008–2011 by Rainer Kattel and Ringa Raudla
  4. The Age of Austerity: A review of public expenditures and adjustment measures in 181 countries by Isabel Ortiz and Matthew Cummins


  1. The Integration of Gender and Human Rights into the post-2015 Development Framework. Edited by: Radhika Balakrishnan, Diane Elson and James Heintz


  1. The Implosion of Global Capitalism: The challenge for the radical left by Samir Amin
  2. Egypt should Say Yes to Emergency Assistance, but No to the Failed Development Model of the Past by Rick Rowden

Events & Announcements

  1. Call for Panels and Papers for the 7th Congress of the Asian Political and International Studies Association (APISA), October 25-26, 2013 Ankara, Turkey.
  2. Call for Student Nominations: 2014 Advanced Graduate Workshop

Levy News

  1. More Swimming Lessons from the London Whale, Jan Kregel. Public Policy Brief No. 129, April 2013
  2. From Safety Nets to Economic Empowerment: Is There Space to Promote Gender Equality in the Evolution of Social Protection?, Rania Antonopoulos. Public Policy Brief No. 128, April 2013
  3. Lessons from the Cypriot Deposit Haircut for EU Deposit Insurance Schemes, Jan Kregel. Policy Note 2013/4, April 2013

New Economics Foundation

  1. Transforming finance: a ‘how to’ guide forged in the public interest
  2. Help us make the economic case for sustainable fishing: A meeting of EU fisheries ministers next week marks a once-in-a-decade opportunity to secure the future of EU fisheries and reap the huge economic and social benefits. We've just released a short summary of our fisheries work to date and are translating it for distribution across Europe.
  3. Speaking their language - sign up to receive nef's economics in policy-making briefings series
  4. Our new set of 10 briefings is for environmental scientists, conservationists and anyone else who wants to make the case for protecting the natural world in a language that policy-makers understand. Last week we released the first two - download them and sign up to receive the rest now.
  5. Fancy working for nef? We're currently advertising a range of vacancies - from researchers in our Well-being and Social Policy teams to exciting new roles in our social enterprise, nef consulting. If you support our mission for a better economy and would like to join our team, apply now!

World Economics Association Newsletter, 3(1): May 2013

a pdf file for download here.

  1. WEA Conference: the economics curriculum
  2. Economic Thought— latest issue
  3. The Mexican Tiger
  4. Political economy of economic metrics
  5. Yet more dissatisfied economics students
  6. WEA conference: neoliberalism in Turkey
  7. The causes of deep, long crisis: Finance and the US profit rate
  8. Interview with Dani Rodrik
  9. Volunteers needed— WEA national chapters

Heterodox Books and Book Series

Beyond Liquidity: The Metaphor of Money in Financial Crisis

Edited by Brad Pasanek, Simone Polillo

Published March 2013 by Routledge. ISBN: 978-0-415-65882-9 (hb) | website

‘Liquidity’, or rather lack of it, lies at the heart of the ongoing global financial crisis. In this collection of essays, the metaphor of money as liquidity, and the model of crisis it entails, is deliberated by a range of scholars from economics, history, anthropology, literature, and sociology. This volume offers a rhetorical explanation of the social, cultural, and historical contexts in which metaphors of money are produced, circulate, and fail. These essays, first presented at "After the Crash, Beyond Liquidity," a conference on money and metaphors held at the University of Virginia, USA, in October of 2009, were drafted in the wake of global uncertainty, TARP bailouts, the Great Recession, programs of stimulus and austerity, and recurrent threats of sovereign default in the EU. They question the language of liquidity and flows that is characteristic of everyday business, exposing what metaphors of money hide and explaining why the idea of liquidity has proved so durable. This book was originally published as a special issue of the Journal of Cultural Economy.

Capitalism on Trial: Explorations in the Tradition of Thomas E. Weisskopf

Edited by Jeannette Wicks-Lim and Robert Pollin

June 2013 Edward Elgar. 978 1 78100 360 2 (hb) | website

This volume presents a collection of essays honoring Professor Thomas E. Weisskopf, one of the most prominent contributors to the field of radical economics. Beginning his academic career at Harvard before moving to the University of Michigan at Ann Arbor, Professor Weisskopf has spent the past forty years exploring through highly innovative and rigorous research the questions of economic equality, social justice and environmental responsibility. The chapters in this book reflect the main subjects of Professor Weisskopf’s work and seek to foster continued innovation in these research areas.

Economic Growth in an Open Developing Economy: The Role of Structure and Demand

By A.P. Thirlwall

June 2013, Edward Elgar. ISBN: 978 1 78195 532 1 (hb) | website

Orthodox growth theory continues to work with ‘one-good’ models and to treat factor supplies as exogenously given, independent of demand. Orthodox trade theory still ignores the balance of payments consequences of different patterns of trade specialisation when assessing the welfare effects of trade. This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth, presents theory and up-to-date empirical evidence that factors of production and productivity growth are endogenous to demand, and that the structure of production and trade matter for the long-run growth performance of countries.

Economic Policies of the New Thinking in Economics

Edited by Philip Arestis, Malcolm Sawyer

April 2013 by Routledge. ISBN: 978-0-415-65881-2 (hb) | website

The financial crisis and the ‘great recession’ have generated the need for new thinking in economics and for new economic policies to secure sustainable and equitable economic development. The new thinking in economics is an interdisciplinary approach to economic problems that acknowledges and respects insights and analyses from other disciplines, and recognizes complexity and evolutionary theory as relevant for understanding economic systems and economic behaviour. New Economics is concerned with institutional behaviour, expectations and uncertainty as opposed to traditional economics with its emphasis on equilibrium, mathematical formalism and deterministic solutions. With the financial crisis brought on by the unrestrained pursuit of personal and corporate profit, sanctioned by traditional economics, this is an opportune moment to establish a new way of approaching economic understanding based on new economic theory. It is also a good time to instigate new ideas on the approach to economic policy across a wide range of areas, such as macroeconomic and global governance, employment and unemployment, social security and pensions.

This book is devoted to developing economic policies from the new thinking. It was originally published as a special issue of the International Review of Applied Economics.

Financial Crises, 1929 To The Present

By Sara Hsu

June 2013. Edward Elgar. ISBN: 978 0 85793 342 3 (hb) | website

This fascinating volume offers a comprehensive synthesis of the events, causes and outcomes of the major financial crises from 1929 to the present day. Beginning with an overview of the global financial system, Sara Hsu presents both theoretical and empirical evidence to explain the roots of financial crises in general. She then provides a thorough breakdown of a number of major crises of the past century, both in the United States and around the world.

The Financial Crisis and the Global South: A Development Perspective

By Yilmaz Akyüz

April 2013. Pluto press. ISBN: 9780745333625 (pb) | website

Written by a highly respected development economist, the book gives a clear-eyed account of the issues particular to these countries and critically evaluates different policy approaches, including reforms in financial, monetary and trade policies. Informed by deep scholarship as well as practical experience, Yilmaz Akyüz draws on empirical data, historical context and theoretical expertise, with special attention paid to issues such as the role of the International Monetary Fund and China.

The Great Eurozone Disaster: From Crisis to Global New Deal

By Heikki Patomäki

March 2013. Zed Books. ISBN: 9781780324784  (pb) | website 

Providing a captivating narrative about how Europe ended up in its present predicament, Patomäki presents a radical new vision for 'global economic democracy' as the only viable way out of the current crisis.

The Great University Gamble: Money, Markets and the Future of Higher Education

By Andrew McGettigan

April 2013. Pluto press. ISBN: 9780745332932 (hb) | website

Displaying a stunning grasp of the financial and policy details, Andrew McGettigan surveys the emerging brave new world of higher education. He looks at the big questions: What will be the role of universities within society? How will they be funded? What kind of experiences will they offer students? Where does the public interest lie?

Keynes and Friedman on Laissez-Faire and Planning: ‘Where to draw the line?

By Sylvie Rivot

April 2013 by Routledge. ISBN: 978-0-415-66676-3 (hb) | website 

The 2008 crisis has revived debates on the relevance of laissez-faire, and thus on the role of the State in a modern economy. This volume offers a new exploration of the writings of Keynes and Friedman on this topic, highlighting not only the clear points of opposition between them, but also the places in which their concerns where shared.

Post-Keynesian Views of the Crisis and its Remedies

Edited by Óscar Dejuán, Eladio Febrero Paños, Jorge Uxo Gonzalez

April 2013 by Routledge, ISBN: 978-0-415-82276-3 (hb) | website

This book, from a top group of international economists, analyzes the causes, consequences and evolution of the crisis from a variety of post-Keynesian perspectives. It then presents a case for realistic and essential remedies. The book is both theoretical and applied, with a global reach and a particular focus on the European debt crisis.

The Rediscovery of Classical Economics: Adaptation, Complexity and Growth

By David Simpson

June 2013, Edward Elgar. ISBN: 978 1 78195 196 5 (hb) | website 

David Simpson skilfully argues that a market economy can be best understood as a human complex system, a perspective that represents a continuation of the classical tradition in economic thought. In the classical tradition, growth rather than allocative efficiency is the principal object of enquiry, economic phenomena are recognised to be elements of processes rather than structures, and change is evolutionary.

The book shows the common principles that connect the early classical school, the Austrian school and complexity theory in a single line of thought. It goes on to show how these principles can be applied to explain the characteristic features of a market economy – namely incessant change, growth, the business cycle and the market process itself – and argues that static equilibrium theory, whether neoclassical or neo-Keynesian, cannot satisfactorily account for these phenomena.

Resistance in the Age of Austerity: Nationalism, the Failure of the Left and the Return of God

By Owen Worth

April 2013. Zed Books. ISBN: 9781780323350 (pb) | website

In this timely book, Worth assesses the growing diversity of resistance to neoliberalism - progressive, nationalist and religious - and argues that, troublingly, the more reactionary alternatives to globalisation currently provide just as coherent a base for building opposition as those associated with the traditional 'left-wing' anti-globalisation movements. From the shortcomings of the Occupy movement to the rise of Radical Islam, the re-emergence of the far-right in Western Europe to the startling impact of the Tea Party in the US - Worth shows that while a progressive alternative is possible, it cannot be taken for granted.

Heterodox Graduate Programs, Scholarships, and Grants

City University London, UK, PhD Studentships

The Department of International Politics at City University London invites applications for two funded PhD studentships, to follow the appointment of Professor Ronen Palan as the Chair in International Political Economy as part of City's strategic investment in academic excellence.

Start date: All positions will begin on 1 September 2013.

Duration and scope: Three years PhD research training. Successful candidates will become part of the PhD cohort at City University and will be appointed as fellows of City Political Economy Research Centre (CITYPERC).

Stipend: Approximately £16,000 per annum + home/EU full time fees.

Person Specification

The successful candidates must have a prior degree in political economy, heterodox economics, international politics or related areas, and have a developed research proposal.

Application Procedure

Applicants should download the PhD application form from:

  1. www.city.ac.uk/research/research-degrees/application
  2. http://www.jobs.ac.uk/job/AGM621/phd-studentship-in-international-politics-x2/

Kingston University, UK, Part-funded PhD Scholarships

Kingston University has advertised a number of part-funded PhD scholarships. These pay UK/EU fees plus £5000 per annum (for 3 years).

The Political Economy Research Group (PERG) is part of the Economics department and encourages submissions in the area of Political Economy. We are in particular interested in submissions in the areas of Post Keynesian and Marxist theory, financialisation, causes and effects of changes in income distribution and the Euro crisis. Informal inquiries about PERG can be directed toe.stockhammer@kingston.ac.uk, but all applications and queries about the grant have to be sent to Blanca Sainz-Garcia, B.Sainz-Garcia@kingston.ac.uk.


PhD Scholarships http://fass.kingston.ac.uk/faculty/scholarships-and-bursaries/

The Faculty of Arts and Social Sciences invites applications for 8 part-funded PhD scholarships commencing 2013/14. Each scholarship will include a full fee waiver and an additional guaranteed stipend of £5,000 per annum, for a three year period.

Successful applicants may be expected to undertake duties within their department over the course of the scholarship (including teaching) to the value of the stipend per annum. (Additional workload will be funded at full rate.) Applicants may apply to study in any of the departments or Schools currently within the Faculty, including: English Language, English Literature, Creative Writing, Philosophy, Media, Film, Drama, Dance, Music, Economics, Politics, History, Sociology, Criminology, Psychology.

Successful candidates should have a good first degree and a postgraduate degree. The deadline for applications is 7 June 2013.

Applications, consisting of a letter of motivation, a CV, an outline for a dissertation project, and the address of one academic referee, should be sent to Blanca Sainz-Garcia, B.Sainz-Garcia@kingston.ac.uk. Students may indicate a preferred supervisor as appropriate.

University of Greenwich, UK, MPhil/PhD Scholarship

Growth, Employment, Distribution, and Cohesion in the EU

Ref: VCS-BUS-03-13

High quality proposals for a PhD are being sought in the field of growth, employment, distribution, and cohesion in the EU, in particular on the sources of real and nominal economic divergence in the EU in order to design a macroeconomic policy framework to facilitate EU-wide social cohesion. There are strong imbalances within the Euro area as well as EU27. First, there has been a sustained divergence in economic performance and a slow but steady build-up of differences in price levels that are also expressed in substantial differences in intra-Euro area trade performance of different countries. Second, functional income distribution has shifted substantially against labour in virtually all EU countries. The recent financial crisis has laid bare additional shortcomings of the current macroeconomic policy package, which has few instruments to counter asymmetric developments based on differences in financial sectors. The task of the research will be 1. to explore the role of the present EU policy package in the build-up of macroeconomic imbalances and the decline in the labour share; 2. to explore how the differences in the relations between the real sector and the financial sector in different Member States have translated into different impacts of the financial crises, in particular the Global Recession since 2007; and how the crisis affects labour markets and income distribution further; 3. to explore policy alternatives in order to prevent divergences within the EU and to allow for an effective response to shocks such as financial crises.

We seek proposals which have a comparative and pluralistic approach to the theoretical debates among the different schools of thought. Heterodox approaches, and a focus on alternative approaches to economic policy in the post-crisis environment are welcome. Proposals which bring the theoretical debates into empirical terrain, and illustrate the candidate’s familiarity with quantitative research methods and econometrics are also encouraged. Interdisciplinary approaches and a synthesis of quantitative and qualitative research methods are also welcome.

The successful candidate will work together with other researchers at the Work and Employment Research Unit (WERU), Centre for Economic Performance, Governance, and Regulation Research (CEPGR), and the Economic Development Resource Centre (EDReC), and will be expected to contribute to the dissemination of research findings in high quality publications and international research networks.

The successful candidate will receive a £13726 bursary (years 2 and 3 linked to RCUK Doctoral Stipend rate) plus a contribution towards tuition fees of up to the equivalent of the university’s Home/EU rate for the duration of their scholarship, subject to performance. Applicants must hold a First Class or Upper Second Class Honours Bachelor’s or Master’s degree (UK or UK equivalent) in a relevant discipline.  Applications are sought by the indicated closing date for starting in September 2013.

For further information please contact the supervisor:                

Professor Özlem Onaran o.onaran@greenwich.ac.uk 

For additional information about the studentship please visit here.

An application form is available here.

This should be completed and together with a research proposal returned by e-mail to  postgraduateresearch@gre.ac.uk (not to the supervisor). Any attachments should be in Word or pdf format. Email size should not exceed 10 MB. No other form of application will be considered. The closing date for applications is 12.00 UTC on Tuesday 4 June 2013

Latin America/Africa/Asia Scholarly Collaborative Programme Research Grants 2013  

The Collaborative Tri-continental Program was launched in 2005 by the Latin American Council of Social Sciences (CLACSO) and the Council for the Development of Social Science Research in Africa (CODESRIA) with the purpose of carrying out high quality social science research and enhancing the production of knowledge suitable for fostering southern perspectives on critical issues, and feeding these into global debates. The International Development Economics Associates (IDEAs) joins the program from 2013 onwards. The Program includes an annual South-South summer institute, research conferences, and grants for advanced research. The research grants are intended to promote collaboration among researchers from the South and to stimulate analytical empirical studies on topics of relevance for their regions and for the Global South.


This call for applications is open to candidates of all disciplines of the Social and Human Sciences, as well as to researchers of other sciences with projects linked to the main theme of the year: DEMOCRACY AND EMPOWERMENT: CONTEMPORARY REALITY AND EMERGING ALTERNATIVES. The aim is to explore the connection between democratic renewal and the possibility of an experience with emancipation, taking into account the needs, aspirations and histories of the countries and populations of the South.


Neoliberalism has had a huge influence across the globe in the aftermath of the crises of socialism and state-led development. It has enthroned the market in all spheres as the axis of social life and downplayed, indeed repressed, democratic aspirations, especially when they directly conflict with its credo. The problems generated by neoliberalism have become increasingly clear though, and its appeal has diminished. Yet, neoliberalism has endured in practice and sought to legitimise itself by claiming to have a human face, exemplified by measures to combat poverty and deprivation, without addressing inequality or even recognising the role of the market in adversely influencing the distribution of wealth and income. With regard to the strategy for development, despite its willingness to bring in the state to save bankrupt financial institutions and failing corporations since 2008, it remains committed to a central role for the market mechanism.


If neoliberalism has been a crucially important element in the oppression and exclusion of people worldwide, several sorts of exclusions are being and have been challenged by democratic developments and the empowerment of collectives that thus far have had little voice and little power to affirm their presence. The latter have mobilized themselves in recent years and struggled to change their situation of oppression and exclusion. This has revived the discussion on alternative policies, projects and practices, and given a new vigour to emancipatory perspectives. Issues of class, gender, ethnicity and race and agents connected to these identities have been, in varied ways and with varied outlooks, at the forefront both of specific struggles and of broader democratic developments.


In the event, democracy has normatively become a central element in a range of spheres and locations, even though it has been conceptualized in very different ways and its practice has suffered restrictions across the globe. It has consistently offered instruments and ample space for social mobilization, although it can and must be deepened in order to become a more far-reaching empowering institutional and practical component of modern societies. The internal shortcomings of actually existing democratic political systems are compounded and aggravated by the pressures exerted by capital, especially footloose financial capital moving across borders. As a result, the effort at mounting a challenge to the neoliberal perspective becomes difficult, although the last decade has seen many an effort to question and undermine it and to seek new directions for economic and social development, albeit with limited success as yet.

  1. How have these developments unfolded in the South, in the countries in Latin America, Africa and developing Asia?
  2. What has been the impact of democratic struggles and developments in terms of popular empowerment and of the emergence of alternatives in these diverse regions of the South?
  3. Who has propelled democracy, how has the political space evolved, and how have political forces responded to these dynamics?
  4. How have intellectuals contributed to the understanding of this early twentieth-first century challenge?
  5. Which specific characteristics has democracy assumed in each of these regions and the countries that constitute them, and what have been the key advances and setbacks?
  6. What are the alternatives, relating to the full gamut of emancipatory perspectives and issues that have emerged in the last few decades?
  7. What lessons can we draw from those experiences?
  8. Is it possible to discern common patterns in these different regions? If so, what are their commonalities and differences that need to be emphasised and understood?

These are the broad themes that this edition of the CLACSO-CODESRIA-IDEAs Research Grants call would like to address. Research proposals should be based on topics that fall under these broad themes. Applicants are also encouraged to formulate projects with a comparative perspective that are not confined to one region or country, but rather develop a broader frame of conceptual and empirical inquiry. Although this is not mandatory, such proposals will receive special consideration during the selection process.



The call is open to researchers with some experience who have masters or doctoral degrees. Candidates are required to be supported by organizing institutions (CLACSO, CODESRIA or IDEAs) or their host institutions.


The execution of the research will not exceed the 12 months period starting in July 2013. A mid-term report will have to be submitted six months after the beginning of the research. A final report will have to be presented no later than 30 days after the date of expiry of the grant period, in accordance with the terms of contract to be signed with the organising institutions. The final report will include a text in an adequate format so as to allow its publication after editing as a book or monograph in paper or electronic format on the websites of CLACSO/CODESRIA/IDEAs.


Altogether 9 (nine) proposals (three per region) will be selected with a maximum grant of USD 10,000 per project. Funds can be allocated without restriction to all activities related to the research, such as information collection, data gathering and processing, book purchases and travel. Resources cannot be used for project designing or for direct or indirect costs of the supporting institutions.


Additional prerequisites can be specified by the organizing regional institutes in keeping with their internal rules.



Applications should include:

  1. A research proposal presenting the research problem and research methodology (including the sources to be examined and a short timetable), reviewing the relevant literature, and indicating the relevance of the research to one or more of the thematic areas detailed.
  2. An academic curriculum vitae
  3. A letter of support signed by an authority of the host institution.

As the Collaborative Tri-continental Program involves the participation of scholars from Africa, Asia and Latin America, it has been decided that applicants who are residents in Africa should submit their applications to CODESRIA, applicants resident in Asia should submit their applications to IDEAs and those in Latin America to CLACSO. The full contact details for IDEAs, CLACSO and CODESRIA are reproduced below for the attention of all prospective applicants. The deadline for the receipt of applications is June, 30th 2013. Applications found to be incomplete or which arrive after the deadline will not be taken into consideration. An independent Selection Committee charged with screening all applications received will meet shortly after the deadline for the receipt of applications. Successful applicants will be notified immediately after the Selection Committee completes it work. The results of the selection exercise will also be published on the websites of IDEAs, CLACSO and CODESRIA.


African applicants should send their applications electronically to:


CODESRIA - 2013 South-South Research Grants

Email: research.grants@codesria.sn  Website: www.codesria.org


Asian applicants should send their applications electronically to:

IDEAs - 2013 South-South Research Grants

Email: grants@networkideas.org  Website: www.networkideas.org


Latin American and Caribbean applicants should manage electronically their applications:

CLACSO - 2013 South-South Research Grants

Website: www.clacso.org Consults: prosur@clacso.edu.ar 

Heterodox Websites

Commons Abundance Network

"The Commons Abundance Network is being designed to empower people and commons-oriented organizations by bringing them together in order to learn from one other, and to innovate together. This will channel our energies and help to transform or build the institutions that will enable all of us to meet our needs while using resources sustainably. It is designed to combine the power of modern information technology with the powerful desire for a better world in order to build a new, commons-based economy of abundance. CAN is being designed to be a motor for the accelerated social learning, collaboration and innovation that is needed to head us in the right direction."

For further information, visit the Network website.

Heterodox Economics in the Media

UMKC Grad Students found another flaw in the Reinhart-Rogoff paper

2 More Grad Students Claim To Find Another Flaw In Reinhart-Rogoff Research, Huffington Post, April 30.

“First, University of Massachusetts-Amherst grad student Thomas Herndon shot holes in their influential research paper, "Growth In A Time Of Debt," by pointing out several mistakes and omissions the Harvard economists had made. Now, two PhD students at the University of Missouri-Kansas City have a new paper that they say finds another flaw in that same research.”

For Your Information

Marianne A. Ferber (1923-2013)

The following notice appeared in the Champaign-Urbana News-Gazette:

We are greatly saddened to announce the death of Marianne A. Ferber, born Jan 30, 1923 in Czechoslovakia, died May 11, after illness; long-time U of I Professor of Economics specializing in the economics of women in the workplace; world-known author of numerous books and professional articles; widow of the late U of I Professor Robert Ferber.

She is survived by her son Don Ferber of Madison, Wisconsin, daughter Ellen Rogalin and son-in-law Ed Rogalin of Beaverton, Oregon, and her sister, Wilma Iggers of Buffalo, New York, as well as countless students, colleagues, friends and relatives whose lives she enriched in many ways.

Funeral service at Mittendorf-Calvert, 611 E. Pennsylvania Ave, Champaign,  Tuesday, May 14 at 1PM.  Rabbi Norman Klein will officiate.  In lieu of flowers, consider a contribution to The Marianne A. Ferber Endowment through the U of I office of charitable giving.

Marianne Ferber was a long time member of the Association for Social Economics and the recent recipient of the ASE Thomas Divine Award for lifetime achievement.

She was Professor Emerita of Economics and Women's Studies at the University of Illinois Urbana-Champaign.  Born in Czechoslovakia, she received her BA degree at MacMaster University, Canada in 1944, and her PhD at the University of Chicago in 1954. She is co-author, editor or co-editor of The Economics of Women, Men, and Work (6th ed. 2010); Work and Family: Policies for a Changing Work Force (1991); Women and Work, Paid and Unpaid. An Annotated Bibliography (1987); Feminist Economics Today: Beyond Economic Man (1993, 2003); Academic Couples, Problems and Promise (1997); Nonstandard Work: The Nature and Challenge of Changing Employment Arrangements; Women in the Labor Market (1998) as well as numerous articles. She was active in CSWEP and was president of IAFFE as well as the MEA. Her recent work focused on privatizing Social Security and causes of differences in the status of women throughout the world.  A number of her papers appeared in the Review of Social Economy, and she was a member of the Editorial Board of the journal for many years.

See her Wikipedia page:  http://en.wikipedia.org/wiki/Marianne_Ferber