Heterodox Economics Newsletter

ISSUE 151 | August 26, 2013 | WEB | PDF | Heterodox Economics Directory

We’d like to remind you that the Heterodox Economics Newsletter has reserved an exhibition booth at the ASSA 2014 in Philadelphia. We'd encourage many heterodox associations and journals to join this booth. Any materials advertising your association and journal can be displayed, whether you actually attend the ASSA meetings or not. For more details about the booth, see our call for participation or download the invitation letter.

As our readers know, we post links to heterodox economic events that are happening around the globe.  For example, tomorrow night in Toronto you could see Steve Keen and Michael Hudson discuss Debt-Stagnation-and Inequality.  In London on October 2nd you can attend the launching of Jan Toporowski’s first volume of the intellectual biography of Michal Kalecki.  These are just two of the many interesting and exciting events that can be found in the “Call for Participants” section of issue 151.

Lastly, many of you might remember that an interdisciplinary journal On the Horizon is very heterodox friendly and published a couple of special issues on heterodox economics in the recent past. On the Horizon has just announced a new special issue call for papers on “Language and Economics” (edited by Tanweer Ali, SUNY Empire State College). This topic seems quite interesting and important. We hope many of you can make a contribution to this special issue.

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 Annual Student Scholars Award Competition 2014

Capital & Class Special Issue: “Left-Wing Convergence?”

The Changing Basis of Economic Responsibility: A Look from the Perspective of Today

Cooperation & Conflict in the Family: A Conference at the Interface of Evolution and Economics

Green Economics Conference 2014

International Conference of the International Joseph A. Schumpeter Society 2014

International Journal of Green Economics and Production

Jornadas de Economía Crítica 2013

Macroeconomic Policy in Times of Crisis

On the Horizon Special Issue: “Language and Economics”

Call for Participants

Heterodox Economics Exhibition Booth at the ASSA 2014 Conference

An Evening With Michael Hudson and Steve Keen

E.L. 'Ted' Wheelwright Memorial Lecture 2013: Susan George

Eric Hobsbawm: Historian, Teacher and Critic

EuroMemo Group Annual Conference 2013

FMM Conference 2013: The Jobs Crisis: Causes, Cures, Constraints

Introductory Workshop on Heterodox Economics

Historical and Philosophical Perspectives on Economics (HPPE) Workshop

Michal Kalecki: An Intellectual Biography: Volume I Rendezvous in Cambridge: 1899-1939

Political Economy of the Environment: A Conference of the Union for Radical Political Economics

Job Postings for Heterodox Economists

Bournemouth University, UK

Canadian Union of Public Employees, Canada

Institute of Education, UK

Kingston University, UK

Rollins College, US

Rutgers University, US

University of Greenwich, UK

University of Sheffield, UK

York University, Canada

Conference Papers, Reports, and Podcasts

Post Keynesian Economics Study Group

Politics of Markets

Heterodox Journals

Challenge, 56(5): Sep.-Oct. 2013

Feminist Economics, 19(3): July 2013

International Critical Thought, 3(4): Sep. 2013

Journal of Economic Issues, 47( 3):  September 2013

Research in Political Economy, Vol 28: 2013

Review of Keynesian Economics, 1(3): August 2013

Heterodox Newsletters

Association for Social Economics Newsletter

EuroMemo Group

Global Labour Column

Levy News

Heterodox Books and Book Series

Capitalist Globalization: Consequences, Resistance, and Alternatives

The Capitalist Mode of Power: Engagements with the Power Theory of Value

Cogitans: thinking man, not arrogantly 'knowing' H sapiens

Defending the History of Economic Thought

Economics and Ethics: An Introduction

Financial Stability in the Aftermath of the 'Great Recession'

Financialization in Crisis

Foundations of Economic Evolution: A Treatise on the Natural Philosophy of Economics

From the Great Transformation to the Great Financialization: On Karl Polanyi and Other Essays

Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown

Poverty and Social Exclusion: New Methods of Analysis

The Rise and Fall of Money Manager Capitalism: Minsky's Half Century From World War Two to the Great Recession

Routledge Advances in Social Economics

Teaching Post Keynesian Economics

Heterodox Book Reviews

The Federal Reserve and the Financial Crisis

Heterodox Graduate Programs, Scholarships, and Grants

University of Genova, Italy

Roskilde University, Denmark

For Your Information

Economics Tutorials

The UK Research Assessment Exercise and the narrowing of UK economics (Free Access)

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

AFIT 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.

Capital & Class Special Issue: “Left-Wing Convergence?”

Publication date: 2015 (confirmed)

Guest editors: Alex Prichard (Exeter) and Owen Worth (Limerick)

In the aftermath of Occupy and the continued entrenchment of neoliberalism globally, the traditional left faces two challenges: the re-emergence of anarchism and its own failure to turn back the march of

neoliberalism during the period of anarchism's relative abeyance. With widespread disenchantment with party politics, activists on the left are increasingly looking to non-state forms of social and political agency. This 'anarchist turn' is taking place within the context of a continued hegemony of traditional statist forms of left wing ideology. Is this antinomy likely to be productive of new political constellations and alignments on the left or will we return to business as usual? This special issue seeks to take stock of this process and theorise and examine its potential trajectory.

Four sets of questions present themselves. First, at an ideological/analytical level, what are the broad contours of contemporary anarchism(s) and marxism(s), and what are the points of ideological and analytical divergence and convergence between them? Second, at a praxeological level, how do contemporary social relations necessitate a rethink of the traditional categories of anarchism(s) and marxism(s)? Third, at a strategic level, what are the enduring points of tension and difference that might prevent a realignment of 'black and red' today? A fourth set of questions relates to the plurality of the global movement. To what extent do contemporary anarchism(s) and marxism(s) reflect the concerns of white men in the relatively affluent global north?

These questions can be answered in a variety of different contexts. For the purposes of this special issue we invite contributions that approach questions such as these from the perspective of the international, broadly conceived. We seek papers that reflect on the international forces shaping ideological change and convergence, and reflections on left wing convergence that are couched in terms of transformations in global/international/transnational forces. The uprisings in response to the crisis in finance capital since 2008, alongside the revolts against state forms across North Africa and elsewhere, suggest that we are witnessing the snapping of a set of transnational and intra-national social contradictions. From debt to food prices, outsourcing to zero hour contracts, state repression, the uneven spread of the neoliberal project has resulted in like and dissimilar contradictions emerging at a global and international level. We seek papers that engage questions of ideology, praxis, strategy and diversity/pluralism in a global context.  For example, to what extent is the context of US empire central to understanding the ideological tensions or global convergence between anarchism(s) and marxism(s) today? How are localised answers to questions of left-wing theory, praxis, strategy and diversity reflections, or conscious instantiations, of the wider macro, global level (or vice versa)? How are new (transnational) class compositions and convergences shaping left wing strategy? To what extent do global crises in nuclear energy and (dis)armament, environmental degradation, fiscal collapse or social conflict between right and left, demand ideological and/or strategic convergence between marxists and anarchists? How is the rise of the post-colonial state a significant variable in determining the ideological contours of the left? To what extent does European or western provincialism render the ideological differences between anarchism(s) and marxism(s) an irrelevance? How do the contradictions of modern (gender/cultural) politics intersect, become reflected in and engaged by the modern global justice movement? How are (or have) processes of global neoliberal capitalist accumulation outpaced the ideological/analytical categories of traditional left-wing theory -- anarchist or marxist? Is the fall of the USSR a central contextual feature shaping contemporary left wing discourse? What is socialist internationalism in the context of the pluralisation of left-wing discourses and practices -- can we really talk of a global movement? To what extent do the disparate uprisings of the last five years reflect macro or local counter-hegemonic politics? And finally, how might we understand the legacy of the global antagonism between marxism(s) and anarchism(s) in 20th century history, and what lessons can be drawn from this history for contemporary socialist internationalism? We welcome contributions that engage these and other questions through a direct engagement -- theoretical, empirical or both -- with anarchism(s) /and /marxisms(s).

Abstracts of no more than 300 words should be submitted to the editors for review by Monday the 30th of September, 2013. Selected authors will be notified of inclusion by the end of October 2013 at the latest. Full first drafts must be submitted by July 2014 for peer review and publication in 2015. Papers must not exceed 8000 words. Shorter discussion/debate pieces, as well as more innovative interventions, will also be considered. We particularly welcome contributions from those not historically represented in debates such as these. We also welcome collectively written pieces representing the views of activist groups or reflecting on the tensions in the lived practices of contentious politics.

If you would like to discuss your contribution further, feel free to contact the editors.

The Changing Basis of Economic Responsibility: A Look from the Perspective of Today

2016 is the hundredth anniversary of the publication of John Maurice Clark’s article “The Changing Basis of Economic Responsibility“ in the Journal of Political Economy, 24 (3), pp. 209-229. The Springer Book Series “Studies in Economic Ethics and Philosophy” will take this event as a starting point for the initiation of a discussion about the basis and meaning of the concept of economic responsibility from today’s perspective.

Clark’s article has not attracted much attention within the economic scientific community and beyond. By equating “economic responsibility” with “be profitable,” the discourses related to the concept of corporate social responsibility (CSR) make use of a reduced meaning of “economic responsibility.” They have not yet put much effort into the clarification of origin, range, and limitations of this equation.

Clark’s article is a suitable starting point for the attempt to re-address the content and meaning of “economic responsibility”. Clark presents an analysis that refers to economic as well as political, social, and historical dimensions of the concept and its application. He compares the situation in 1916 – characterized by an “economics of irresponsibility,” – to the situation twenty years before. His analysis includes many aspects that are either still relevant today, or have been addressed in the decades after the publication of the article, or should be addressed in future inquiries. Thus, Clark’s article might be considered as a “paradigmatic” example for the many-faceted aspects which are of relevance for but also contradict today’s understanding of the concept of responsibility.

The list of topics addressed by Clark is:

The Workshop

A workshop will be conducted at the Weltethos Institute at the University of Tübingen from February 25 to February 26, 2015. The workshop will give authors the opportunity to discuss their papers and to present them to an audience.

Planned publication date of the book: Autumn 2015.

Cooperation & Conflict in the Family: A Conference at the Interface of Evolution and Economics

February 2 5 2014 | UNSW, Sydney, Australia | website


Abstract Submission Now Open – Closes 31 August 2013

Early-Bird Registration Now Open – Closes 30 September 2013

We will bring together leading economic and evolutionary researchers to explore the nature of conflict and cooperation between the sexes in the areas of mating, fertility, marriage and family life. The conference provides an opportunity for researchers to discuss the economic and evolutionary biology approaches to these issues, explore common ground and identify collaborative opportunities.

Sydney makes a magnificent year-round destination, but is especially splendid in February. The Conference and social events will all happen in Randwick and Coogee, near some of Australia’s most famous beaches, and a short bus or cab ride from the City Centre.

Call for abstracts

The majority of the conference will be dedicated to submitted talks. We are pleased to invite you to submit abstracts for talks at the Cooperation and Conflict in the Family Conference. Submission is now open and closes on Friday 30 August 2013. Please submit your abstract by going to the abstract submission page.

We aim to run two parallel sessions of submitted talks. Each session will follow a theme, and we will ensure a mix of disciplines within each session. Speakers will be provided 15 minutes during which to present, plus five minutes for questions and changeover.

Submitted talks will be chosen on the basis of abstracts. Talks can address any topic related to the theme of the conference, including: conflict in mating, sexual strategies, mating markets, fertility decisions, conflicts over child-rearing or parental investment, the demographic transition, cooperation and conflict over household decisions, family labour supply, the history of human mating systems, the history of sexual conflict, and the evolution or economics of family structures.

Abstracts should have a descriptive title (no more than 140 characters) and contain no more than 300 words of text. We also invite you to select which disciplines your work best represents, and to nominate up to four key words.

Public Lectures

Invited Speakers

Green Economics Conference 2014

31st March - 2nd April, 2014 | Trinity College University of Oxford, UK

We are pleased to announce 9th Annual Green Economics Conference 2014 at Oxford University. After the success of our 8th Annual Conference, which attracted a range of international dignitaries, eminent economists, social innovators, and leading organisations such as the BBC World Service, we are now making preparations for next year's event. Set in the beautiful historic surroundings of Trinity College, the upcoming conference is set to be a truly remarkable experience.  To reserve your place at the conference, submit abstracts, papers, workshop ideas and for more information: Email: greeneconomicsinstitute@yahoo.com 

Further Information

For bookings and enquiries greeneconomicsinstitute@yahoo.com 

International Conference of the International Joseph A. Schumpeter Society 2014

We are very pleased to announce the 15th International Conference of the International Joseph A. Schumpeter Society (ISS), which will be hosted by the Friedrich Schiller University Jena, Germany, from 27-30 July, 2014. The theme of the conference is Foundations of Economic Change - Behaviour, Interaction and Aggregate Outcomes.

We expect lively discussions and original research on a broad range of topics reaching from Behavioural and Experimental Economics via Industrial Dynamics, Regional Economics and Entrepreneurship to Evolutionary Economics, Economic Growth Theory and Agent-Based Modelling.

Updated information on the 15th ISS Conference 2014 is available via the conference website.  For further information or any questions please contact our conference organization Conventus via phone (+49 (0)3641 311 63 58) or e-mail to iss@conventus.de.

Save the date for this event! We are looking forward to welcoming you in Jena in 2014!

Uwe Cantner

President of the International Joseph A. Schumpeter Society

Holger Graf, Maximilian Goethner, Ivan Savin, Simone Vannuccini

Local Organization

International Journal of Green Economics and Production

The International Journal of Green Economics and Production (IJGEP) published by Science Target Inc., Canada, is a multidisciplinary, peer-reviewed, forum dedicated to fostering current and emerging research developments in green economics and clean production within local, regional and global societies. Areas of interest include, but are not limited to:

The journal has a distinguished Editorial Board composed of leading researchers from around the world. To register with the journal as a reader, reviewer or an author, visit IJGEP site, login and register. Looking forward to your participation in the inaugural version of the journal. Should you have any comments or questions, please contact the editorial office at: ijgep@sciencetarget.com

Jornadas de Economía Crítica 2013

29, 30 y 31 de agosto de 2013 | Facultad de Ciencias Económicas – UNCuyo, Mendoza, Argentina.

Desde la organización de las Jornadas de Economía Crítica (JEC) nos place compartir con Uds. las últimas novedades sobre la sexta edición de las jornadas, a realizarse los días 29, 30 y 31 de agosto de 2013 en la Ciudad de Mendoza, Argentina.

Se encuentra disponible en nuestro blog un cronograma preliminar de las Jornadas, que contiene la totalidad de trabajos a presentarse en 57 paneles de ponencias, la información de las 4 mesas de debate, actividades culturales y presentaciones de libros. Solicitamos poner especial atención a que las actividades de los días jueves y viernes se realizarán en la Universidad Nacional de Cuyo (UNCuyo), mientras que las del día sábado transcurrirán en la Universidad Tecnológica Nacional (UTN).

Se accede al cronograma en el siguiente enlace: http://tinyurl.com/lmo3bup 

En particular, las mesas de debate serán las siguientes:

  1. La megaminería en debate. Un abordaje crítico desde las dimensiones económica, social y ambiental. Expositores/as: Marcelo Giraud, Carlos Rojo, Yenny Luján. Moderador: Gerardo Oviedo. Jueves 29 de agosto, 19:15 a 21:00 hs. Salón de Actos, Facultad de Ciencias Económicas, UNCuyo.
  2. El nuevo orden geopolítico mundial. El rol de China y su relación con América Latina. Expositores: Ariel Slipak, Martín Burgos, Gustavo Girado. Moderador: Santiago Juncal. Viernes 30 de agosto, 17:00 a 19:00 hs. Salón de Actos, Facultad de Ciencias Económicas, UNCuyo.
  3. Acumulación y Precarización: estrategias de intervención política frente a las condiciones de trabajo en la posconvertibilidad. Expositores/as: Sebastián Guevara, Patricia Collado, Guillermo Pérez Crespo. Moderadora: Mariana Fernández Massi. . Viernes 30 de agosto, 19:00 a 21:00 hs. Salón de Actos, Facultad de Ciencias Económicas, UNCuyo.
  4. Restricción externa y política cambiaria. Un debate sobre el nuevo escenario macroeconómico en la fase actual de kirchnerismo. Expositores: Andrés Asiain, Juan Martín Graña, Andrés Wainer. Moderador: Mariano Treacy. Sábado 31 de agosto, 18:00 a 20:00 hs. Auditorio UTN.

Además, este año agregamos como actividad especial la visita a espacios populares, autogestivos y otras salidas. Estas se desarrollarán el viernes 30 y sábado 31 de agosto. Las salidas se proyectaron en pos de tender mayores vínculos con espacios populares y conocer experiencias de organización autogestiva y colectiva en disputas desde lo productivo, socioambiental,  cultural, etc. Se visitará una fábrica recuperada, un centro cultural y una serie de espacios barriales. Además está prevista una visita a la bodega de la Facultad de Ciencias Agrarias (UNCuyo), que estará enriquecida por una charla sobre luchas campesinas y agroecología a cargo de La Engarilla. Tales salidas están previstas para una cantidad limitada de asistentes. En el blog de las JEC podrán encontrar próximamente el detalle de cada salida y la forma de inscripción a las mismas.

Les recordamos que si bien el alojamiento en Mendoza no corre por cuenta de la organización, hemos realizado gestiones para que varios hostels contemplen una tarifa especial para los asistentes a las jornadas. Esta información, así como otras opciones provistas por el Ministerio de Turismo de la Provincia de Mendoza, páginas comerciales, y un vínculo a un mapa con la ubicación de la facultad donde se desarrollarán las jornadas, se pueden consultar en el siguiente link: http://jornadaseconomiacritica.blogspot.com.ar/p/alojamiento-en-mendoza.html 

También se encuentra disponible en el blog de las jornadas un link para la inscripción de asistentes. La inscripción es libre y gratuita. Los/as expositores/as no deben inscribirse aquí, pues ya se encuentran registrados/as. El formulario web estará habilitado hasta el día miércoles 28 de agosto y puede encontrarse en el siguiente link: http://jornadaseconomiacritica.blogspot.com.ar/p/inscripcion-las-vi-jec.html 

Todos/as los/as asistentes deben proceder a la acreditación en la mesa de la organización durante las jornadas. Los certificados estarán disponibles en la mesa de acreditaciones de las VI JEC. En la misma mesa estarán disponibles -a la venta- los CDs con las ponencias presentadas en estas JEC, así como CDs con ponencias de ediciones anteriores de las Jornadas de Economía Crítica.

Les recordamos que continuamos aceptando adhesiones a las VI JEC en pos de fortalecer y apoyar este espacio de debate franco, abierto, interdisciplinario y plural que busca contribuir a la apertura de nuevos horizontes y caminos para la economía política y su crítica.

Fechas Importantes

Toda la información disponible será publicada en: jornadaseconomiacritica.blogspot.com 

Por cualquier consulta o sugerencia escribir a: jornadaseconomiacritica@gmail.com 

Esta edición de las JEC cuenta con el auspicio institucional de la Universidad Nacional de Cuyo, su Secretaría de Extensión y con la Declaración de Interés Académico por parte de la Facultad de Ciencias Económicas.  

Las VI Jornadas de Economía Crítica son organizadas por la Sociedad de Economía Crítica (SEC) que hemos conformado recientemente desde diferentes colectivos de estudiantes, docentes, investigadores y graduados de todo el país y apuntamos a seguir ampliando la participación. Forman parte de la SEC:

Macroeconomic Policy in Times of Crisis

28-29 November 2013 | Porto, Portugal


Organized by NIFIP . Nucleo de Investigacao em Financas Publicas e Politica Monetaria (FEP) University of Porto, School of Economics and Management / Faculdade de Economia do Porto (FEP)


Since the emergence of the current (financial, economic, sovereign debt) crisis, the debate on adequate macroeconomic policies has been (re)brought to the center of academic and political discussion. In particular, at the eurozone, monetary and fiscal policies have been challenged by recession, growing unemployment and public debt, specially in peripheral countries.


In NIFIP Ls 3rd international conference, we would like to provide a stimulating venue for the discussion of topics related to the present world economic conditions. The discussion can be approached from different angles, such as the diagnosis of the economic situation, evaluation of adopted or proposed economic policy measures, and perspectives for the future, namely concerning effective ways out of this crisis.


Although papers are invited on all areas of economics, special emphasis will be given on areas such as:


Registration and Payment

All participants in the conference are expected to pay the registration fees.  Fees include coffee-breaks and two full meals. Payments of fees are due with registration by bank transfer to NIFIP fs bank account:

NIB: 0035 0839 00000401130 46

IBAN: PT50 0035 0839 00000401130 46


Bank Account: 0839000401130

Copy of the bank transfer is to be sent by e-mail to nifip@fep.up.pt with full identification of the sender (name, affiliation, title of the paper). Bank transfers should also clearly identify the participant at the conference.


Submission Rules




The complete and final programme will be available until November 10th in NIFIP fs webpage.

For more details, please visit the conference website.

On the Horizon Special Issue: “Language and Economics”

Edited by Tanweer Ali

On the Horizon is preparing a special issue, due to be published in July 2014, on the application of linguistics in economics and the link between the two disciplines. The aim of the publication is to explore the impact of language on economic thought, and to encourage intellectual collaboration between linguists and economists. We wish to explore both the public discourse on economic issues as well as more specialised literature such as textbooks and academic publications. We welcome contributions from all schools of thought in linguistics and economics, although we are particularly interested in heterodox perspectives in economics. The target audience are academics in linguistics and economics and economic policy makers and analysts.

The Questions:

We will be happy to consider contributions that explore all aspects of the subject, but are particularly interested in examining the following questions:


In order to facilitate interaction amongst economists and linguists we have created an online discussion forum. Please feel free to use this space to exchange ideas and build collaborative efforts.



Abstracts, questions to: tanweer27@gmail.com.  Subject Line: Language and Economics

Writers will need to state when submitting their abstract whether they request a double blind review.

All full papers submitted via the ScholarsOne website.

Paper requirements:


Call for Participants

Heterodox Economics Exhibition Booth at the ASSA 2014 Conference

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.

An Evening With Michael Hudson and Steve Keen

Debt – Stagnation – Inequality: What’s Next for the World Economy After the Crisis? And What Can Be Done About It?

Tuesday, August 27, 6:30 pm | Toronto, Canada

Recovery from the global crisis and recession of 2008-09 continues to be painfully slow in most of the world, including Canada.  Misguided policies of austerity have made things worse – contributing to renewed recession in some cases (including much of Europe).  Inequality and exclusion are getting worse, with resulting social, economic, and democratic consequences.  The economy continues to depend on the creation and expenditure of ever-larger quantities of debt – but in the context of an unforgiving race-to-the-bottom, who wants to borrow, and who wants to spend?

We are fortunate in Toronto to have the presence this month of two of the world’s most influential heterodox economic thinkers on these problems:

Michael Hudson is Research Professor at the University of Missouri, Kansas City, President of the Institute for the Study of Long-Term Economic Trends, and a leading critic of neoliberal financial policies.  His new book The Bubble and Beyond is a timely, holistic analysis of the causes of the meltdown, the link between financial fragility and inequality, and a road-map to better policies.

Steve Keen, based in Sydney, Australia, won the Revere Prize in 2009 as the economist who best predicted the global debt collapse.  His Debtwatch blog has become an important and widely-reported source of analysis and data on the dynamics and consequences of debt accumulation and decumulation.  He has written numerous books including Debunking Economics, second edition published in 2011.

Both scholars are visiting the Fields Institute for Research in Mathematics at the University of Toronto for a few days in August.  We have arranged for a private evening dinner with both of them, to hear their thoughts about the causes and consequences of stagnation today, and what can be done about it.

Tuesday, August 27

6:30 pm

The House on Parliament Restaurant (454 Parliament St., just south of Carlton; upstairs) Pay-your-own dinner & drinks

We will hear informal presentations from Michael Hudson and Steve Keen on the state of the global economy today, and on policy alternatives that could help to address the economic impasse.  The evening will be introduced and chaired by Louis-Phillipe Rochon, founding co-editor of the Review of Keynesian Economics and Associate Prof., Dept. of Economics, Laurentian University.  We will have ample opportunity in this small-group setting for discussion and exploration.

Space is limited: If you are interested in attending please RSVP to stanford@caw.ca.

Co-Sponsored by: Fields Institute for Research in Mathematics, Review of Keynesian Economics,  Progressive Economics Forum.

E.L. 'Ted' Wheelwright Memorial Lecture 2013: Susan George

29 August, 2013. 6 pm | Eastern AVenue Auditorium, University of Sydney, Australia

Entry is free and refreshments will be served from 5:15 pm onward.

Eric Hobsbawm: Historian, Teacher and Critic

Tuesday 1st October 2013, 7.00 pm | Bishopsgate Institute, London, UK

This special seminar from the Socialist History Society will seek to assess the late Eric Hobsbawm’s enduring contribution to the study of history.

Panel Discussion

Tuesday 1st October 2013, 7.00 pm.  At Bishopsgate Institute, 230 Bishopsgate, London EC2M 4QH. Near Liverpool Street station/underground.  Space is limited -please book early to ensure your place

To book, contact the Bishopsgate Institute on 020 7392 9200 or online.

EuroMemo Group Annual Conference 2013

September 20-22, 2013 | London, UK | website

This year’s EuroMemo Group conference will be held in London at the School of Oriental and African Studies from 20-22 September 2013. We look forward to five different workshops on the overall topic " The deepening divisions in Europe and the need for a radical alternative to EU policies". The conference will be opened by a plenary on the state of the Union with Klaus Dräger (GUE-NGL, Brussels), Engelbert Stockhammer (Kingston University) and Marcella Corsi (Sapienza University of Rome). We would like to invite you to attend the conference. For further information and details on the workshop structure, please visit our conference website.


The detailed programme will be as follows:


Friday 20 September (Birkbeck College)                                                                    

2:30 – 3:00       Arrival and registration

3:00 – 4:30       Plenary: The state of the Union

4:30 – 5:00       Coffee break

5:00 – 6:30       Plenary: The state of the Union

7:00                 Conference Dinner


Saturday 21 September (School of Oriental and African Studies)

9:00 – 1:00       Five parallel workshops

1:00 – 2:00       Lunch

2:00 – 4:00       Plenary: Policy proposals from workshops

4:00 – 4:30       Coffee break

FMM Conference 2013: The Jobs Crisis: Causes, Cures, Constraints

24-26 OCTOBER 2013 | Berlin, Germany


The Research Network Macroeconomics and Macroeconomic Policies (FMM) organises its 17th conference on with introductory lectures on heterodox economics for graduate students on 24 October 2012


Speakers in plenary sessions: Dean Baker (Center for Economic and Policy Research), Laurence Ball (John Hopkins University), Rod Cross (University of Strathclyde), Gerald Epstein (University of Massachusetts, Amherst), Joachim Möller (Institute for Employment Research, IAB), Sigrid Stagl (Vienna University of Economics and Business Administration), Engelbert Stockhammer (Kingston University), Raymond Torres (International Institute of Labor Studies).


More than five years after the beginning of the financial crisis in the United States, the world economy is still highly fragile. In particular, many countries are facing a severe jobs crisis. This is especially true for the euro area, which fell back into recession in 2012 and where unemployment has reached unprecedented levels. Especially worrying is the surge in youth unemployment in some countries. Even in those parts of the world, where unemployment is comparably low, a jobs crisis exists of a different nature:  many jobs are increasingly precarious and low paid. Where are new and decent jobs to come from? In many countries, fiscal policy appears firmly set on an austerity course, while the ability of monetary policy to further stimulate the economy is questioned. What is the scope of macroeconomic policy to reduce unemployment? What is the role of labour market institutions and policies in the current context? And in the face of environmental concerns, how can employment be decoupled from economic growth and green jobs promoted?


Register online (deadline 4 October): http://www.boeckler.de/4990_42480.htm

Introductory Workshop on Heterodox Economics

To meet the rising interest in alternative, and especially Keynesian, economics, the Research Network Macroeconomics and Macroeconomic Policies (FMM) organises an Introductory workshop on heterodox economics Thursday, 24 October 2013, 9.00 am – 3.30 pm.


The workshop will take place on the first day of the annual conference of the network on

‘The State of Economics after the Crisis’


The workshop is directed to graduate students and young researchers. There are no fees

but registration is required. Registration forms are available online here.



 9.00 – 9.30 Till van Treeck, Macroeconomic Policy Institute (IMK), Duesseldorf: Welcoming and information on the network and its summer school

Historical and Philosophical Perspectives on Economics (HPPE) Workshop

4-5 September, 2013 | London School of Economics, UK

The LSE Cliometrics Group and HPPE (Historical and Philosophical Perspectives on Economics) are jointly organizing the workshop "Theory and Practice of Measurement: Perspectives from Economic History and the History and Philosophy of Economics" on 4-5 September 2013 at the LSE. The workshop focuses on the theory and practice of measurement from the perspective of both the cliometric practitioners and historians and philosophers of the social sciences. This will be a rare occasion of exchange and interaction between these scientific communities on a theme of vital importance for a correct understanding of the past.

Access to the workshop is free. Those who intend to join the conference dinner at their own expenses should email a.missiaia@lse.ac.uk by August 22nd in order to be included.

The full programme can be found here.

Michal Kalecki: An Intellectual Biography: Volume I Rendezvous in Cambridge: 1899-1939

Wednesday 2 October at 16.00 | Chancellor's Hall, Senate House, University of London, Malet Street, London WC1E 7HU

Launching of Volume I by Jan Toporowski.

Download the flyer here.

Political Economy of the Environment: A Conference of the Union for Radical Political Economics

October 5, 2013 | St. Francis College, Brooklyn, NY, USA


AM Plenary   9:30AM

 PM Plenary   4:15PM

Job Postings for Heterodox Economists

Bournemouth University, UK

Associate Professor in Finance & Taxation

Lecturer/Senior Lecturer in Financial Accounting

Canadian Union of Public Employees, Canada

CUPE has a temporary opportunity for Research Representatives in Toronto and Winnipeg, beginning immediately for an indefinite period. The Research Representative is responsible for providing technical assistance to CUPE servicing staff, CUPE local unions, district councils, and the Division as instructed by the Regional Director in consultation with the national Director of Research, Job Evaluation and Health and Safety.

The successful applicant may be required to:

Candidates must

Please send your résumé to Shelly Gordon, National Director of Research, at sgordon@cupe.ca

Only those candidates selected for an interview will be contacted.

Institute of Education, UK

Research Officer (Applied Economist) | Faculty of Policy and Society

Salary: £37,382 to £44,607 plus £2,323 London Allowance

Closing Date: Monday 16 September 2013

Interview Date: Monday 07 October 2013

Reference: 8AC-PSLCE-5337

The Centre for Learning and Life Chances in Knowledge Economies and Societies (LLAKES) is an ESRC-funded research centre which investigates the role of lifelong learning in promoting economic competitiveness and social cohesion, and in mediating the interactions between the two. You will join the team in the LLAKES Centre, which is based in the Faculty of Policy and Society at the Institute of Education, and will work under the direction of Professor Francis Green on the project: “Additional Analyses of the 2012 Skills and Employment Survey (SES2012)”.

SES2012 is a survey of the jobs of over 3000 people in work in Britain, focusing on skills used, learning, job quality, work organisation and well-being. This project involves enhancing SES2012 through assembling data from other sources and matching it in to SES2012, then conducting several further analyses of the data along with other related surveys.You will also collaborate in dissemination activities, developing new research proposals and bidding for research and consultancy funding.

You will have a good degree or an equivalent qualification at Master’s level, in Economics or Economics with a related subject, as well as a Doctorate (completed, or near completion) with a theoretical foundation in Economics, Sociology or Psychology, and which uses a quantitative methodology. You will also have proven ability in quantitative research methods for analysis of large data sets (including use of STATA)and experience of applied research analysis in an academic setting.


Francis Green,

Professor of Work and Education Economics

LLAKES Centre,

Institute of Education,

20 Bedford Way,

London WC1H 0AL


44 (0)207 911 5530

Kingston University, UK

Visiting Lecturers (2) | Department of Economics

The economics department at Kingston University expects to have two opportunities for visiting lecturers in business economics in the coming academic year.  Successful teaching experience is essential, but evidence of quality will trump evidence of quantity, and thus graduate students may consider applying. We are looking for module leaders for first- and second-year modules as outlined below; teaching programmes are currently being written by department members, but detailed delivery is at the discretion of the module leader.  Both modules can be approached in terms of a conversation between neo-classical and heterodox approaches. They are 30-credit modules running throughout the academic year. Precise student numbers will depend on clearing and retakes, but in each case will probably be not more than two seminar groups (that is, about 40 students).  For more details please contact me, as detailed below. Note that these will be hourly-paid positions.

Best wishes,

Dr Julian Wells

Director of Studies

Department of Economics


+44 (0)20 8417 2341

Course Information follows:

Module Code: BE4001

Level: 4

Credits: 30.00

Title: The UK Business Environment


Module Summary (Indicative):

The module is a practical examination of key aspects of the UK economy – its structure, recent history, the role of government and some of its key policies. Structural changes in the economy and its business environment are examined; regional or transport policy is explored and its role and contribution to the economy; key government economic levers such as taxation and expenditure are illustrated; the importance, structure, and problems of the financial sector are highlighted; changing government policy on inflation, full employment and ‘managing’ the economy is explored; the nature of financial crises and their subsequent impact on the UK economy are emphasised.

Curriculum Content (Indicative):

Teaching and Learning Strategy (Indicative):

There will be one 2h lecture per week in which the course contents will be delivered. There will also be one seminar per week in which students will study contemporary case material on the UK economy, as well as have multiple choice questions, data response sheets and active discussion on case material.

Assessment Strategy (Indicative):

A portfolio of two pieces of written work (1000 and 1500 words) on topics drawn from the lecture and seminar programme allowing assessment of learning outcomes. The first assessment will receive 40% of the final mark. The second will receive 60%.

Bibliography (Indicative)

Griffiths A & Wall S, 12th  edition (or latest available), Applied Economics, Prentice Hall.

Worthington I & Britton C, 2003 (or latest edition available), The Business Environment, Palgrave.


Module Code: BE5001

Level: 5

Credits: 30.00

Title: Competition and the Firm

Module Summary (Indicative):

This module examines the nature of competition and the role of the firm in contemporary capitalism. It  examines the different forces shaping market structure so as to elucidate in what sense a market structure is competitive or not – for example the role of barriers to entry, government policy or technology. The module explores different market structures, from monopolistic to highly competitive, thus throwing light on the conduct and performance of firms within these structures. The role, nature and aims of the firm are examined. It also analyses how some firms are capable of imposing themselves on market structure and are not simply passive recipients. Different categories of firms, multinational, large, medium, small and micro, are outlined so as to build a more complete picture of modern firm structure.


Curriculum Content (Indicative):


Teaching and Learning Strategy (Indicative):

Students will attend lectures and tutorials. A pack of lecture slides are provided via StudySpace but active note taking is required. Lectures are one hour, once weekly for 22 weeks. Tutorials, also one hour, once weekly for 22 weeks, run parallel to the lecture series and will offer case studies on the modern firm and markets. An active participatory style is encouraged. Substantial independent study is required to deepen knowledge of the lecture and seminar  topics as well as engage in wider reading and prepare for assessment.


Rollins College, US

Assistant or Associate Professor | Department of Business and Social Entrepreneurship

The new Department of Business and Social Entrepreneurship (BSE) at Rollins College is seeking applicants for a tenure-track Professor of Economics at the rank of Assistant or Associate Professor beginning in August 2014.

The likely assignment includes teaching business core courses in economics and/or finance. The ability to also teach basic courses in related fields such as Finance, Statistics, Social Entrepreneurship, or Sustainability is highly desirable.

Other responsibilities include advising, program development, assurance of learning, service activities, and publishing. The business programs at Rollins College are accredited by AACSB International and scholarly publications are expected. The willingness to teach blended and evening courses is also expected.

The minimum requirement is a doctorate in a relevant business field - ABDs will be considered. Some college-level teaching is highly desirable. Candidates must have the ability to develop and deliver curriculum; meet the demands of the position in a timely manner; assess student learning outcomes. In addition, candidates should have strong oral and written communication skills and strong interpersonal skills. Rank of appointment will be dependent on qualifications.

Rollins College currently offers graduate business programs through the Crummer Graduate School of Business and offers a Masters in Human Resources. An undergraduate International Business major is also offered in the Department of International Business.

The newly formed and highly collegial BSE department anticipates offering a new major in Management, beginning in January 2014, and a new major in Social Entrepreneurship and Business in Fall 2014. The new majors must be in full compliance with AACSB standards, will be offered for both day and evening students, and will include blended course offerings.

The normal teaching load will be the equivalent of three courses per semester. Summer teaching is available through the evening program.

Applicants must upload the following materials when applying for this position:

(1) letter of application

(2) curriculum vitae

Interested applicants must apply online via this employment website. Inquiries only may be directed to:

Dr. Danny Arnold

Chair, Department of Business and Social Entrepreneurship Rollins College darnold@rollins.edu

(407) 646-1539

Rutgers University, US

Assistant Professor and Assistant/Associate Professor | School of Management and Labor Relations

Labor Studies and Employment Relations Department       


Rutgers University, School of Management and Labor Relations, has one of the world’s leading faculties in the field of Labor Studies and Employment Relations (LSER).  The LSER Department is soliciting applications for one or two tenure-track professor positions.   One position will be at the assistant and the other, which depends on available funding, is at the assistant or associate professor level.  While we are particularly interested in scholars with a specialization in the labor market and work experiences of ethnic and racial minorities, Latin American employment relations, employment relations in sports and entertainment, social movements or political economy/institutional labor economics, we are open to other areas of study in the broad fields of labor studies and employment relations.  We are seeking a broadly trained scholar who is an excellent researcher and can teach graduate and undergraduate level courses – both on and off campus in the relevant field of Labor Studies and Employment Relations, and who can contribute to our continuing education and/or online courses.  The positions are expected to begin September 2014.


Candidates should possess a Ph.D. or equivalent terminal degree (DBA, JD, LLD, EDD)  in Employment Relations, Industrial Relations, Sociology, Economics, History, Political Science, American Studies, Black Studies, Latino Studies, Gender Studies or Business and should send a letter of application detailing qualifications and interests, a vita that includes three names of potential recommendation letter writers, preferably from professors familiar with their work, and an example of their scholarly work.


Applications should be submitted no later than October 15, 2013 to Ms. Laura Walkoviak at law@work.rutgers.edu, however the positions will remain open until filled.


Salary and benefits are competitive and commensurate with qualifications. Rutgers University is an AA/EEO/ADA Employer. Women and minority candidates are strongly encouraged to apply.

University of Greenwich, UK

As part of our on-going development strategy, the University of Greenwich Business School is seeking to appoint a number of early career lecturers. Appointees will join the Department of International Business and Economics, which provides a range of successful undergraduate and postgraduate programmes.


The positions offer opportunities for research and teaching at undergraduate and postgraduate levels, and enables an ambitious candidate to play an important role in the shaping of the future development of International Business and Economics in the University of Greenwich Business School. The School provides conditions conducive for active research.


We are especially interested in candidates who can make a significant contribution to the work of the Public Services International Research Unit. PSIRU carries out critical empirical research on public services, the impact of privatisation and liberalisation, at global, European, and country levels.  The focus is on the water, energy, healthcare, social care and waste management sectors. The core work is funded by Public Services International, a global trade union confederation, and is expected to be responsive to its agenda. The PSIRU website www.psiru.org shows the range of issues and sectors addressed.


But we also welcome applicants with research interests aligned with the existing specialisms of the Department and contributions towards plurality in theoretical and methodological approaches.


The Department performed strongly in the latest UK Research Assessment Exercise, with two-thirds of its research rated internationally significant or world-leading. In addition to PSIRU, the Department hosts the Centre for Business Network Analysis and the Centre for Economic Performance, Governance and Regulation Research and works closely with the Work and Employment Research Unit.


The University of Greenwich is consistently rated first in London for teaching excellence and the Business School  is ranked in the top third for business and management in the Guardian’s national tables. The Department of International Business and Economics has a strong undergraduate offering in international business, economics and business law, repeatedly rating first in the UK in the National Student Satisfaction Survey. It runs successful postgraduate programmes in International Business and Business and Financial Economics both in London and with partners in East Africa, South and Southeast Asia. We are ranked by the RES as second in the UK for faculty gender balance.


For informal discussion about these posts, you are welcome to contact

Professor Bruce Cronin

Professor of Economic Sociology

Head of the Department of International Business & Economics

Director of the Centre for Business Network Analysis

University of Greenwich Business School

Park Row, London SE10 9LS

Ph: +44(0)20-8331-9786

Fax: +44(0)20-8331-9005


University of Sheffield, UK

Research Associate/Fellow in Work, Employment and Political Economy

We are seeking to appoint a research associate/fellow for a period of three years to provide assistance to Prof. Jason Heyes in undertaking a programme of research. The research programme is intended to advance understanding of changes in European employment regimes and associated changes in labour policies and institutions of labour administration since 2008.

Further information is available here.

Please direct informal enquiries to Jason Heyes (j.heyes@sheffield.ac.uk).

York University, Canada

Full Time Tenure Stream - Assistant Professor | Interdisciplinary | Website

  • Discipline/Field: Business and Society
  • Home Faculty: Liberal Arts & Professional Studies
  • Home Department/Area/Division: Social Science
  • Affiliation/Union: YUFA
  • Position Start Date: July 1, 2014

Department of Social Science

Business & Society

Applications are invited from qualified candidates for a full-time tenure-stream Assistant Professor position in the area of Business & Society. Applicants must hold a PhD (or completion by July 1, 2014) in one of the social sciences, an interdisciplinary social scientific program or a related field (e.g., ethics, political philosophy, history, critical management studies). Applicants should have an ongoing program of interdisciplinary research which focuses critically on the conduct and regulation of business, economic affairs and their social implications. Demonstrated excellence or the promise of excellence in both teaching and in research and publication is expected in at least one of the following areas: social economy; law, governance & policy; ethics in economics & business; heterodox economics; sustainable business & alternative economic development; business, inequality & social exclusion. In addition, applicants should have the breadth and versatility to teach the core courses of the Business & Society undergraduate program. The successful candidate must be suitable for prompt appointment to the Faculty of Graduate Studies.

The start date for this position is July 1, 2014. Salary will be commensurate with qualifications and experience. All York University positions are subject to budgetary approval.


York University is an Affirmative Action Employer. The Affirmative Action Program can be found on York's website at www.yorku.ca/acadjobs or a copy can be obtained by calling the affirmative action office at 416-736-5713. All qualified candidates are encouraged to apply; however, Canadian citizens and Permanent Residents will be given priority.


The deadline for applications is October 31, 2013.

Candidates should submit a signed letter of application, a curriculum vitae, a statement of teaching and research interests, samples of scholarly writing, and a teaching dossier including institutional teaching evaluations (where available), and arrange for three confidential letters of reference to be sent directly to: Professor Kimberley White, Chair, Department of Social Science, S734 Ross Building, York University, 4700 Keele St., Toronto, Ontario, Canada, M3J 1P3.

Conference Papers, Reports, and Podcasts

Post Keynesian Economics Study Group

Politics of Markets

Following on from the "Politics of Markets" event at the University of Westminster (in collaboration with Goldsmith's University), summaries of the panels and a YouTube video of the key note lecture (plus Q&A) provided by Professor Andrew Gamble (University of Cambridge) is now available on the conference webpage.

Heterodox Journals

Challenge, 56(5): Sep.-Oct. 2013

Journal website: http://mesharpe.metapress.com/link.asp?id=M61464348745 

Feminist Economics, 19(3): July 2013

Journal website: http://www.tandfonline.com/toc/rfec20/19/3#.UhoG1GTcpvk 

Special Issue: Critical and Feminist Perspectives on Financial and Economic Crises





International Critical Thought, 3(4): Sep. 2013

Journal website: http://www.tandfonline.com/toc/rict20/3/3#.UhoBx2Tcpvk 



Book Reviews

Information and Trends

Journal of Economic Issues, 47( 3):  September 2013

Journal website: http://mesharpe.metapress.com/link.asp?id=P142811K4346.


  • Brakes on Chinese Development: Institutional Causes of a Growth Slowdown / Geoffrey M. Hodgson and Kainan Huang
  • The Optimal Level of Market Competition: Neoclassical and New Institutional Conclusions Critiqued and Reformulated / Bruce Kaufman
  • Veblen and Instrumental Value: A Systems Theory Perspective / Vladislav Valentinov
  • On Size and Formality in Business Organizations / William Redmond
  • Exponential Expansion in Evolutionary Economics: A Model Proposition / Peter Frederiksen and Tue Jagtfelt
  • Market Stability in Adam Smith: Competitive Process and Institutions / José M. Menudo
  • Social Expenditure in the European Union: Does Inequality Matter? / Agustin Molina-Morales, Ignacio Amate-Fortes, Almudena Guarnido-Rueda
  • Access to the EU Public Procurement Market: Are There Disparities Based on the Origin of Economic Operators? / Daniela Pîrvu and Cristina Bâldan

Research in Political Economy, Vol 28: 2013

Journal website: http://www.acsu.buffalo.edu/~zarembka/

Theme: Contradictions: Finance, Greed, and Labor Unequally paid


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

Review of Keynesian Economics, 1(3): August 2013

Journal website: http://www.elgaronline.com/view/journals/roke/roke-overview.xml

Theme: The Evolution of Monetary and Financial Markets and Economic Development


Book Reviews

  • John King, The Microfoundations Delusion (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2012) 304 pp. / Reviewed by Philip Pilkington
  • Robert Skidelsky, Keynes, the Return of the Master (Public Affairs, New York, USA 2009, reprinted in 2010) 228 pp. / Reviewed by Slim Thabet
  • Claudio Sardoni, Unemployment, Recession, and Effective Demand: The Contributions of Marx, Keynes, and Kalecki (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2011) 192 pp. / Reviewed by James Andrew Felkerson
  • Robert M. Solow and Jean-Philippe Touffut (eds), What’s Right With Macroeconomics? (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2012) 240 pp. / Reviewed by John King

Heterodox Newsletters

Association for Social Economics Newsletter


ASE News

1) Nominees for ASE Officer Positions

2) Forum Prize for Best Paper

3) Newsletter Interview Series: John Davis


ASE at ASSA in Philadelphia

4) Keynote by Martha Nussbaum

5) ASE Sessions at ASSA


Social Economics at RePEc

6) RePEc – What's In It for You?

7) Who Has Published What Recently?

8) Social Economics Bibliography and Papers


Upcoming Conferences

9) ASE at Regional Conferences

10) SGE and APPAM Conferences

Read the ASE Newsletter.

EuroMemo Group

EuroMemorandum 2013

The EuroMemorandum 2013 "The deepening crisis in the European Union: The need for a fundamental change" published in December 2012, was signed by more than 370 economists and social scientists from all over Europe. Long and short versions of the EuroMemorandum are available as download in several languages on our website. As in previous years booklets of the printed version of the EuroMemorandum 2013 are available in English, French and German.

Please contact transform!europe: office@transform-network.net  for the English version, Espaces Marx (France): Espaces_Marx@internatif.org (3,00 €) for the EuroMemorandum in French, and Zeitschrift Sozialismus (Germany): redaktion@sozialismus.de (6,50 €) for the German printed version.

Global Labour Column

Levy News


New Publications

Heterodox Books and Book Series

Capitalist Globalization: Consequences, Resistance, and Alternatives

By Martin Hart-Landsberg

Monthly Review Press, August 2013: ISBN: 978-1-58367-352-2 (pb) | Website

“Globalization,” surely one of the most used and abused buzzwords of recent decades, describes a phenomenon that is typically considered to be a neutral and inevitable expansion of market forces across the planet. Nearly all economists, politicians, business leaders, and mainstream journalists view globalization as the natural result of economic development, and a beneficial one at that. But, as noted economist Martin Hart-Landsberg argues, this perception does not match the reality of globalization. The rise of transnational corporations and their global production chains was the result of intentional and political acts, decisions made at the highest levels of power. Their aim—to increase profits by seeking the cheapest sources of labor and raw materials—was facilitated through policy-making at the national and international levels, and was largely successful. But workers in every nation have paid the costs, in the form of increased inequality and poverty, the destruction of social welfare provisions and labor unions, and an erratic global economy prone to bubbles, busts, and crises.

This book examines the historical record of globalization and restores agency to the capitalists, policy-makers, and politicians who worked to craft a regime of world-wide exploitation. It demolishes their neoliberal ideology—already on shaky ground after the 2008 financial crisis—and picks apart the record of trade agreements like NAFTA and institutions like the WTO. But, crucially, Hart-Landsberg also discusses alternatives to capitalist globalization, looking to examples such as South America’s Bolivarian Alliance for the Americas (ALBA) for clues on how to build an international economy based on solidarity, social development, and shared prosperity.

The Capitalist Mode of Power: Engagements with the Power Theory of Value

Edited by Tim Di Muzio

Routledge, August 2013. ISBN: 978-0-415-66199-7 (hb). Series: RIPE Series in Global Political Economy | website

This edited volume offers the first critical engagement with one of the most provocative and controversial theories in political economy: the thesis that capital can be theorized as power and that capital is finance and only finance. The book also includes a detailed introduction to this novel thesis first put forward by Nitzan and Bichler in their Capital as Power. Although endorsing the capital as power argument to varying extents, contributors to this volume agree that a new understanding of capital that radically departs from Marxist and Neoclassical theories cannot be ignored. Offering the first application and appraisal of Nitzan and Bichler’s theory, chapters examine the thesis in the context of energy and global capitalization, US Investment Banks, trade and investment agreements between Canada, the US and Mexico, and multinational corporations in Apartheid South Africa. Balancing theory, methodology and empirical analysis throughout, this book is accessible to new readers, whilst contextualising and advancing the original theoretical debate.

Cogitans: thinking man, not arrogantly 'knowing' H sapiens

By PS Bezanis

Cogitans, July 2013. ISBN: 978-0989298001 (pb) | website

Economics has evolved out of fundamentally natural mechanisms of human diasporation and eventual trade. For the greater part of history, these were 'satisfactory' in that it was not possible to foresee consequences from underlying dynamics. Economic theory, in this respect, has evolved as less concerned with consequences than with 'invisible hand's, and 'market properties conjured into existence'. Critically missing then, is any reference to the biological nature of man and his influence on what is a closed-earth system:

(1) There is no way for humans to learn anything of 'unambiguous factuality' except out of successively more logical and less ambiguous 'refinement'. (2) Mankind dispersed into an eventual constitution of discrete, ethnic nations, but all government continues to reflect natural evolution out of origins as 'pecking-order-based vertebrates' and 'belief-based authority' as knowledge, (3) Science continues to show that 'natural overpopulation and economic growth' is degrading environmental dynamics to varying degrees of irreversibility and pejorative impact on future generations.(4) How continuing degradations of environment and ecology affect human existence depends upon how government and economic policy is determined by science and 'the nature and course of human existence' under that.

Defending the History of Economic Thought

By Steven Kates

Edward Elgar, September 2013. ISBN: 978 1 84844 820 9 (hb) | website 

This book explains the importance of the history of economic thought in the curriculum of economists, whereas most discussions of this kind are devoted only to explaining why such study is of value simply to the individual economist. Steven Kates reaches out past the individual to explain the crucial importance of the history of economic thought in the study of economics itself; without its history at the core of the curriculum, he contends, economics is a lesser subject, less penetrating, less interesting and of much less social value.

Economics and Ethics: An Introduction

By Amitava Krishna Dutt and Charles K. Wilber

Palgrave Macmillan, August 2013.  ISBN: 978-1-137-34755-8 | Website

This book provides an introduction to the relationship between economics and ethics, explaining why ethics enters economics, how ethics affects individual economic behavior and the interactions of individuals, and how ethics is important in evaluating the performance of economies and of economic policies.

Financial Stability in the Aftermath of the 'Great Recession'

By Philip Arestis and Elias Karakitsos

Palgrave Macmillan, August 2013. ISBN: 978-1-137-33395-7 |  website 

The financial crisis and the ensued 'great recession' are primarily caused by the excessive liquidity that was created in the last thirty years or so of inequality that benefited greatly the financial sector, deregulation and financial liberalisation as well as financial innovation, which are based on the supposedly superior intellectual model of the Efficient Markets Hypothesis. There were also contributory factors that accentuated the process, such as international financial imbalances, the monetary policy pursued at the time, and the role played by the credit rating agencies. The New Consensus Macroeconomics model that forms the backbone of the way the economy works and how monetary policy should be formulated in theory and practice is scrutinised. It is argued that the traditional approach of viewing housing as a capital good must be dropped and housing should be viewed as a speculative asset, akin to equities. This new theorising is necessary as in the traditional approach bubbles cannot exist. A chapter is devoted to the causes of the European Union (EU) debt crisis, the reasons why the crisis has dragged on, the remedial treatment applied so far, offering alternative viable solutions to the crisis and examining the channels through which the EU debt crisis might spread to the rest of the world. Finally, the book draws on the lessons for theory and policy from the recent experience and discusses in detail the new regulatory environment that policymakers attempt to put in place to avert another credit crisis.

Financialization in Crisis

Edited by Costas Lapavitsas

Haymarket Books, May 2013. ISBN: 9781608462377 (pb) | website

In this important and timely volume, a number of well-known political economists draw on the insights of Marxist and other heterodox economists to argue that the turmoil of 2007 to 2009 represents a crisis of financialized capitalism that can only be understood through tracing out the structural changes in the modern global economy. Carefully examining domestic and international aspects of the financialization of capitalism over the past thirty years, the contributors persuasively demonstrate that the ongoing economic crisis commenced in the sphere of finance, spread to production, and then became a world recession.

Foundations of Economic Evolution: A Treatise on the Natural Philosophy of Economics

By Carsten Herrmann-Pillath

Edward Elgar, September 2013. ISBN: 978 1 84720 474 5 (hb) | website

‘Carsten Herrmann-Pillath’s new book is an in-depth application of natural philosophy to economics that draws up an entirely new framework for economic analysis. It offers path-breaking insights on the interactions between human economic activity and nature and outlines a convincing solution to the long-standing reductionism controversy. A must-read for everyone interested in the philosophical underpinnings of economics as a science.’ – Ulrich Witt, Max Planck Institute of Economics, Jena, Germany

From the Great Transformation to the Great Financialization: On Karl Polanyi and Other Essays

By Kari Polanyi Levitt

Fernwood Publishing, April 2013. ISBN: 9781552665459 (pb) | Website

Zed Books, August 2013. ISBN: 9781780326481 (pb) | website

Four years into the unfolding of the most serious economic crisis since the 1930s, Karl Polanyi’s prediction of the fateful consequences of unleashing the destructive power of unregulated market capitalism on peoples, nations and the natural environment has assumed new urgency and relevance. The system of unregulated or free market capitalism has a propensity towards crisis, which is reflected in both the dynamics of the Great Depression of the 1930s and the advent of the new world order of neoliberal globalization of the 1980s, ushering in “the great financialization.”

The essays in this volume should be read against the background of the accelerating accumulation of global finance that created a series of financial crises in Latin America, Russia, Asia and, eventually, the heartlands of capitalism itself. This book probes into the dynamics of global capitalism, a system in crisis, by Kari Levitt, one of Canada’s premier development economists, with insights derived from a re-reading of the writings of her father, Karl Polanyi, one of the greatest economists of the twentieth century.

Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown

By Philip Mirowski

Verso Books, July 2013. ISBN: 9781781680797 (hb) | Website

After the financial apocalypse, neoliberalism rose from the dead—stronger than ever. At the onset of the Great Recession, as house prices sank and joblessness soared, many commentators concluded that the economic convictions behind the disaster would now be consigned to history. And yet, in the harsh light of a new day, we've awoken to a second nightmare more ghastly than the first: a political class still blaming government intervention, a global drive for austerity, stagflation, and an international sovereign debt crisis.

Philip Mirowski finds an apt comparison to this situation in classic studies of cognitive dissonance. He concludes that neoliberal thought has become so pervasive that any countervailing evidence serves only to further convince disciples of its ultimate truth. Once neoliberalism became a Theory of Everything, providing a revolutionary account of self, knowledge, information, markets, and government, it could no longer be falsified by anything as trifling as data from the “real” economy.

In this sharp, witty and deeply informed account, Mirowski—taking no prisoners in his pursuit of “zombie” economists—surveys the wreckage of what passes for economic thought, finally providing the basis for an anti-neoliberal assessment of the current crisis and our future prospects.

Poverty and Social Exclusion: New Methods of Analysis

Edited by Gianni Betti and Achille Lemmi

Routledge, June 2013. ISBN: 978-0-415-63634-6. Series: Routledge Advances in Social Economics | Website

Poverty and inequality remain at the top of the global economic agenda, and the methodology of measuring poverty continues to be a key area of research. This new book, from a leading international group of scholars, offers an up to date and innovative survey of new methods for estimating poverty at the local level, as well as the most recent multidimensional methods of the dynamics of poverty.

It is argued here that measures of poverty and inequality are most useful to policy-makers and researchers when they are finely disaggregated into small geographic units.

Poverty and Social Exclusion: New Methods of Analysis is the first attempt to compile the most recent research results on local estimates of multidimensional deprivation. The methods offered here take both traditional and multidimensional approaches, with a focus on using the methodology for the construction of time-related measures of deprivation at the individual and aggregated levels. In analysis of persistence over time, the book also explores whether the level of deprivation is defined in terms of relative inequality in society, or in relation to some supposedly absolute standard.

This book is of particular importance as the continuing international economic and financial crisis has led to the impoverishment of segments of population as a result of unemployment, bankruptcy, and difficulties in obtaining credit. The volume will therefore be of interest to all those working on economic, econometric and statistical methods and empirical analyses in the areas of poverty, social exclusion and income inequality.

The Rise and Fall of Money Manager Capitalism: Minsky's Half Century From World War Two to the Great Recession

By Eric Tymoigne and L. Randall Wray

Routledge, Jul 2013. ISBN:978-0-415-59193-5 (hb). Series: Routledge Critical Studies in Finance and Stability | Website

The book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. These changes profoundly modified the foundations of economic growth in the US by destroying the commitment banking model and by decreasing the earning power of households whose consumption has been at the core of the growth process.

The main themes of the book are the changes in the financial structure and income distribution, the collapse of the Ponzi process in 2007, and actual and prospective policy responses. The objective is to show that Minsky’s approach can be used to understand the making and unfolding of the crisis and to draw some policy implications to improve financial stability.

Routledge Advances in Social Economics

Edited by John B. Davis, Marquette University

This series presents new advances and developments in social economics thinking on a variety of subjects that concern the link between social values and economics.  Need, justice and equity, gender, cooperation, work poverty, the environment, class, institutions, public policy and methodology are some of the most important themes.  Among the orientations of the authors are social economist, institutionalist, humanist, solidarist, cooperatist, radical and Marxist, feminist, post-Keynesian, behaviouralist, and environmentalist. The series offers new contributions from today's most foremost thinkers on the social character of the economy. Publishes in conjunction with the Association of Social Economics.

Series website: http://www.routledge.com/books/series/SE0071/ 

Book proposals and queries:

Teaching Post Keynesian Economics

Edited by Jesper Jespersen and Mogens Ove Madsen

Edward Elgar, September 2013. ISBN: 978 1 78254 699 3 (hb) | website 

This book contends that post Keynesian economics has its own methodological and didactic basis, and its realistic analysis is much-needed in the current economic and financial crisis. At a time when the original message of Keynes’ General Theory is no longer present in the most university syllabuses, this book celebrates the uniqueness of teaching post Keynesian economics, providing comparisons with traditional economic rationale and illustrating the advantages of post Keynesian pedagogy.

Heterodox Book Reviews

The Federal Reserve and the Financial Crisis

This book is the product of a series of university lectures given by Federal Reserve Chairman Ben Bernanke in March 2012 at George Washington University. It is short, crisp, and clear, with only five footnotes and no references.  The four chapters are called “lectures” and the prose is written in a conversational style reflecting the original form of delivery. Indeed, the unedited lectures are also available for free on the web. They could easily be absorbed while driving one’s car, though this reviewer does not necessarily endorse that form of consumption, nor would one expect that to be the Fed’s official position. Since the original audience consisted largely of undergraduates, concepts are kept simple throughout, largely at an introductory level of economics. Student questions from the lectures are included at the end of each chapter.

Read the rest of the review here.

Heterodox Graduate Programs, Scholarships, and Grants

University of Genova, Italy

PhD student position on Agent-Based Computational Economics

A three-year PhD student position on Agent-based Computational Economics, starting January 1st 2014, is available at the Department of Mechanical, Energetics, Management and Transport Engineering of the University of Genova, Italy.

Research will be focused on agent-based macroeconomics and financial stability issues within the framework of a new EU funded three-year project starting on October 1st, 2013. The EU project aims to develop an innovative agent-based platform and ICT tools for designing and testing policies and regulatory measures for preventing and mitigating economic and financial crises and fostering an economically and ecologically sustainable growth path.

The PhD candidate will work with the agent-based software platform EURACE* and is expected to contribute to its further development.

Applicants should have a Master degree in Engineering, Science or Economics with an adequate background in programming, data analysis and statistics.

Rules and application form (deadline for application is September 20th):

http://www.studenti.unige.it/postlaurea/dottorati/XXIX/bandoGeneraleEN (English)

http://www.studenti.unige.it/postlaurea/dottorati/XXIX  (Italian)                                  

(in particular see the Curriculum on Economy and Management, at pag. 36 of Annex A)


Interested candidates may contact well in advance Dr. Marco RABERTO for further information

Contact details:



Email: marco.raberto@unige.it

Phone: +39 010 3532028

Roskilde University, Denmark

There is a PhD Position available in an open competition at the Department of Society and Globalisation at Roskilde University. DL for applications is 18 September, all details here http://www.ruc.dk/job/phd/ (click on 'annual PhD scholarship').

This is an open position with the usual high competition, but might still be interesting in case you know any outstanding students who have a proposal ready and would be able to link their project to a supervisor in the department. We have a severe shortage of political economy PhDs, and it would be great to have heterodox/critical projects in the running, too.

Please feel free to refer interested students to me for any questions.

Best wishes,



For Your Information

Economics Tutorials

Here is a relatively new site that provides some basics on macroeconomics from an MMT perspective: http://econviz.org/

The UK Research Assessment Exercise and the narrowing of UK economics (Free Access)

Frederic S. Lee, Xuan Pham and Gyun Gu. 2013. “The UK Research Assessment Exercise and the narrowing of UK economics.” Cambridge Journal of Economics, 37(4): 693-717.

The aim of this article is to delineate an empirically grounded, structure-causal going concern recursive model of UK economics that, in the context of the Research Assessment Exercise (RAE) and local department decision making, explains the progressive elimination of heterodox economics, the progressive homogenisation of mainstream economics from 1992 to the present and the continued rise to dominance of a select group of departments, and indicates whether these events will continue under the Research Excellence Framework selectivity exercise in 2014.


Read the latest Cambridge Journal of Economics Editors’ Choice article FREE online.