Heterodox Economics Newsletter

ISSUE 148 | June 10, 2013 | WEB | PDF | Heterodox Economics Directory

We’ve often used this space to encourage you to support heterodox publications by either joining organizations, personally subscribing to journals, or encouraging our libraries to subscribe.  In this vein, we’d like to call your attention to a letter by Robert McChesney asking to support the Monthly Review.  In particular, the “ask” is targeted at supporting the digital conversion of archives, as well as the conversion of printed books to ebooks.  These changes will help MR survive and compete in the digital age.  We encourage our readers to support this historically significant publication.  Please do consider subscribing to MR and other heterodox journals--in particular relatively new journals such as Review of Keynesian Economics, Bulletin of Political Economy, International Journal of Pluralism and Economics Education.

Finally, as we typically do during our summer break from teaching, we are going a bit off of our three-week publication cycle, so please note that the next issue of the Newsletter will be published in five weeks, on July 15th.

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

1st EY International Congress on Economics

EuroMemo Group Conference on Alternative Economic Policy in Europe

LatCrit 2013 Biennial Conference

TripleC: Communication, Capitalism & Critique Special Issue

Rethinking Marxism 2013: Surplus, Solidarity, Sufficiency

URPE @ Rethinking Marxism

World Economics Association Online Conference: Neoliberalism in Turkey

Call for Participants

Heterodox Economics Exhibition Booth at the ASSA 2014 Conference

1st World Keynes Conference

Centro di Ricerche e Documentazione Piero Sraffa Workshop

City Political Economy Research Centre Research Seminar

Green Economics Institute Annual Conference

Greenwich Water Talks – Them and Us: Public Decisions and Social Acceptance

International Macroeconomics and Post-Keynesian Analysis  (MIAP) Seminar

Manchester Global Political Economy Research Cluster Seminars

New developments on Ricardo and the Ricardian traditions

The Politics of Markets Lecture

Seminar Series on the History and Methodology of Economics

Sheffield Political Economy Research Institute (SPERI) 2nd Annual Conference

WEA Online Open-access Conference: Inequalities in Asia

Workshop on the Social and Employment Impact of the Crisis in Europe

Job Postings for Heterodox Economists

International Institute of Social Studies in The Hague, The Netherlands

Parliamentary Researcher, UK

St. John’s University, US

University College London, UK

UMass, Amherst, US

Conference Papers, Reports, and Podcasts

Historical Materialism New York 2013

PKSG Seminars

Samir Amin: Six Decades of Development Debate

Heterodox Journals

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

Contributions to Political Economy, 32(1): June 2013

Densidades, 12: mayo 2013

European Journal of Economics and Economic Policies: Intervention, 10(1): April 2013

Industrial and Corporate Change, 22(3): June 2013

International Journal of Political Economy, 41(4): Winter 2012-13

Journal of Agrarian Change, 13(2): April 2013

Metroeconomica, 64(3): July 2013

Problemas del Desarrollo, 44(173): April-June 2013

Heterodox Newsletters

Newsletter dell'Associzione Paolo Sylos Labini


Economic Policy Institute

Global Labour Column


Levy News

World Economics Association News

Heterodox Books and Book Series

Capitalist Development in India's Informal Economy

Consistency and Viability of Capitalist Economic Systems

Employment Guarantee Schemes: Job creation and Policy in Developing Countries and Emerging Markets

Finance in an Age of Austerity

Fortunes of Feminism: From State-Managed Capitalism to Neoliberal Crisis

The Heretic's Guide to Global Finance: Hacking the Future of Money

Human Progress Amid Resistance to Change

The Post-Human Society: Elemental Contours of the Aesthetic Economy of the United States

Heterodox Graduate Programs, Scholarships, and Grants

University of Leuven, Belgium

Heterodox Economics in the Media

Latin America playing a risky game by welcoming in the Chinese dragon

Time for the US to rethink its LatAm strategy

Queries from Heterodox Economists

Research Collaboration on Economic Fraud in Africa/Global South

Translation Requests (German to English)

Ingo Elbe’s Marx im Westen

Gossen's "Entwickelung der Gesetze des menschlichen Verkehrs

Call for Support

Support Heterodox Options within the New Learning Standards Framework

Support Monthly Review

For Your Information

Remembering Marianne Ferber (1923-2013)

The Daniel Singer Prize

2013 Mark Blaug Prize

Call for Papers

1st EY International Congress on Economics

24-25 October, 2013 | Ankara, Turkey | website

Theme: Europe and Global Economic Rebalancing 

Main Topics (but not limited to):

  1. Debt Crisis and Financial Restructuring
  1. Monetary Union and Future of Euro
  1. European Central Bank and Monetary Policy
  1. Financial Markets
  1. Europe and Emerging Markets
  1. Economic Growth and Development
  1. Labour Market
  1. Energy Economics and Policies
  1. Agricultural Economics and Policies
  1. Climate Change and Economic Impacts
  1. Market and the Role of Government
  1. Industrial Structuring
  1. Technology and Innovation Policies
  1. Economic modeling

Abstract Submission Deadline: 17 June, 2013

Submission of Full Paper: 16 September, 2013

For more details, see the website.  


EuroMemo Group Conference on Alternative Economic Policy in Europe

September 20-22, 2013 | School of Oriental and African Studies

Theme: The deepening divisions in Europe and the need for a radical alternative to EU policies

This year’s EuroMemo Group conference will be held in London at the School of Oriental and African

Studies from 20-22 September 2013. The programme will be as follows:

  1. Friday afternoon: The political and economic state of the Union / Klaus Dräger (European United Left/Nordic Green Left, Brussels) and Engelbert Stockhammer (Kingston University, London)
  2. Saturday morning: Workshops
  3. Saturday afternoon:
  1. Plenary on policy proposals from workshops
  2. Special plenary: The impact of the crisis and the way forward / Mario Pianta (University of Urbino) & others
  1. Sunday morning: Planning meeting: EuroMemorandum 2014 and other activities

We would like to invite you to attend the conference and to submit proposals for contributions to the

workshops in one of the following areas:

  1. Economic and financial policy: The official policy focus on fiscal discipline and austerity has driven the European economy into a renewed recession, with widening economic and social divisions both within and between member states. This workshop will focus on the macroeconomic and financial policies necessary to promote full employment with good jobs and an end to the hardship and social differentiation that has been rising in many parts of Europe.
  2. Governance and democracy in the EU: This workshop will examine critically the recent changes in EU governance towards a ‘surveillance union’: the Fiscal Compact, the six-pack of legislation and the associated ‘scorecard’, the proposed two-pack and the bailout conditions imposed by the troika. It will also ask whether governance changes are possible to promote an effective and solidaristic alternative to austerity - what moves towards federalism could be economically feasible and politically legitimate?
  3. Tax policy, poverty & inequality: Economic and social deprivation is rising in Europe. As major corporations shelter their profits from taxes, public spending on economic and social programmes is subjected to renewed restrictions. Contributions to the workshop are particularly encouraged on the role of tax policy, including combating tax avoidance and promoting a more progressive system of corporate and personal taxation.
  4. Industrial policy and social-ecological transformation: The European single market, the common currency, and now austerity policies have all contributed to a deepening process of deindustrialisation in many parts of Southern and Eastern Europe. This workshop will focus on the need for the development of industrial policies that promote good jobs in socially and ecologically desirable investment projects in every part of Europe.
  5. The EU-US free trade agreement and EU external relations: The EU’s mercantilist approach to trade policy has contributed to the paralysis at the WTO and a shift to bilateral negotiations.  Contributions on the proposed EU-US trade agreement, and its implications for employment, social cohesion and the environment, both in Europe and in other parts of the world, are especially encouraged.

Proposals for papers together with a short abstract (maximum 250 words) should be submitted by 1 July.  If accepted, completed papers should be submitted by 1 September.

We strongly encourage participants to submit short papers (10-12 pages) and to explicitly address

policy implications.

If you would like to participate in the workshop, please copy the registration form below into an email and reply by the 1 July 2013 to info@euromemo.eu indicating:

  1. That you would like to participate, and
  2. Whether you wish to offer a paper for one of the workshops.

Please note that there will be a conference fee collected at the venue to cover the cost of refreshments during the conference (20 Euro / 10 Euro for students / 50 Euro for participants with institutional support).

Registration form for the 19th Workshop on Alternative Economic Policy in Europe (please reply to info@euromemo.eu by 1 July 2013).  Include the following:

Yes, I intend to participate in the 19th Workshop on Alternative Economic Policy in Europe

(20-22 September 2013 in London)

First Name:

Last Name:





Yes, I wish to contribute a paper

Title of the Paper:

For the Saturday-morning Workshop on:

Abstract (max. 250 words):

LatCrit 2013 Biennial Conference

Resistance Rising: Theorizing and Building Cross-Sector Movements

October 4-6, 2013 | Chicago, IL | website

Deadline: Monday June 10, 2013

The carnage of the Great Depression and resistance from below produced a new  “social structure of accumulation,” an “invisible handshake” between elites and workers/residents that offered relative labor and social stability in exchange for decent wages and a social safety net. This grand bargain, which fueled unprecedented middle-class prosperity in the United States in the mid-20th century, began to unravel in the 1970’s and 1980’s. In its place, global neoliberalism is rapidly reshaping a new social structure of accumulation (“SSA”). The new SSA dramatically alters the landscape for collective bargaining by workers in the name of “right to work” laws, allows unlimited corporate influence in federal elections in the name of “free speech,” and transforms public goods and services into private commodities in the name of “efficiency” or “deficit-reduction.” Global neoliberalism, in combination with its ideological packaging, roll back the welfare state and create a new social imaginary—one in which once-vibrant movements for social change are enervated and disciplined by the new regimes of economic and political austerity, policed by post-racialist and post-identitarian frameworks.

With the rise of neoliberal ideologies, there emerge new tensions and contradictions inherent in a system that seeks to hoard racial and economic privilege for the few. The current failure of neoliberal economic policies creates an interesting moment of possibility for progressive alliances and alternatives. Out of the ashes of harsh austerity programs, movements are stirring. Communities are pushing back against the attack on labor union organizing, the dehumanization of immigrants, the rollback of reproductive autonomy, the retreat from race, and attempts to cabin gender, sexuality and family formation.

Find more information here.

TripleC: Communication, Capitalism & Critique Special Issue

Special issue of TripleC: Philosophers of the World Unite! Theorizing Digital Labour and Virtual Work: Definitions, Forms and Transformations

Download CfP here | Journal website

Editors: Marisol Sandoval, Christian Fuchs, Jernej A. Prodnik, Sebastian Sevignani, Thomas Allmer

In 1845, Karl Marx (1845, 571) formulated in the 11th Feuerbach Thesis: “The philosophers have only interpreted the world in various ways; the point is to change it”. Today, interpretation of the world has become an important form of labour that is expressed on and with the help of digital media. It has therefore become common to talk about digital labour and virtual work. Yet the changes that digital, social and mobile media bring about in the world of labour and work have thus far only been little theorized and theoretically interpreted. In order to change the information society to the better, we first have to interpret digital labour with the help of critical theories. Theorists of the world from different fields, backgrounds, interdisciplines, transdisciplines and disciplines have to unite for this collective philosophical task.

The overall task of this special issue of tripleC: Communication, Capitalism & Critique is to gather contributions that help to an understanding of how to critically theorize digital labour, virtual work and related concepts. Theorizing digital labour requires us to provide grounded 1) definitions of digital labour and virtual work, 2) systematic distinctions and typologies of forms of digital labour and 3) theorizing the transformations that digital labour is undergoing.

All submitted papers should be theoretical and profoundly engage with the meanings of various concepts. Rather than presenting case studies, papers should focus on fundamental theoretical concepts and discuss definitions. They can also explore the relations between concepts, the historical development of these concepts, typologies and the relevance of different theoretical approaches. The special issue is interested in theorizing the broader picture of digital labour.

We welcome submissions that cover one or more of the following or related questions.

1) Concepts of Labour

  1. How should concepts such of work and labour be defined and what are the implications of these definitions for understanding digital labour and virtual work?
  2. Which theoretical or philosophical definitions of work and labour exist and which of them are meaningful for understanding virtual work and digital labour?
  3. What is the difference between labour and digital labour? What is part of digital labour and what is not? Which online, offline, knowledge, physical, industrial, agricultural etc forms of work are part of it or not part of it? Is digital labour only knowledge labour that happens online or do we have to extend the concept to the offline realms and physical labour? Where is the demarcation line? Is digital labour also labour where digital technologies are of vast importance or not? Does digital labour involve the physical forms of work necessary for producing digital labour?
  4. Is there a difference between 'work' and 'labour' and if so, how does it matter for the discussion of digital labour and virtual work?
  5. What is the role of Karl Marx’ theory of labour and surplus value for understanding digital labour and virtual work?
  6. Is the traditional distinction between the material base and superstructure in the realm of social media and digital labour still valid or does it become blurred or undermined? Are new information and communication technologies and social media, their production and use (n)either part of the base (n)or the superstructure or are they part of both?
  7. If in the agricultural and industrial age land and nature have been the traditional objects of labour, how do the objects of labour and productive forces look like in the world of digital media and digital labour and how are these productive forces linked to class relations?
  8.  What is meant by concepts such as digital labour, telework, virtual work, cyberwork, immaterial labour, knowledge labour, creative work, cultural labour, communicative labour, informational work, digital craft, service work, prosumption, consumption work, online work, audience labour, playbour (play labour) in the context of digital media? How should they be defined? How are they related? How have they developed historically? How are these concepts related to the wider social context and the existing capitalist order? How can a systematic typology of the existing literature in this research field be constructed? Should any of these concepts be rejected? Why? Why not? Do any of these concepts especially matter? If so, why?
  9. What is the etymological history of concepts such as work and labour in different languages and how have these concepts changed throughout history? Which of these historically different meanings are important for understanding digital labour and virtual work?
  10. What are historically new aspects of digital labour, what are predecessors of digital work and which aspects of digital labour have parallels to the pre-digital era?
  11. What is the role of the concept of value for understanding digital labour and virtual work as well as “immaterial” labour, affective labour, knowledge/communicative/information work etc in the context of digital media?

2) Forms of Labour

  1. What is the role of agricultural, industrial, service and knowledge work in the world of digital labour and how are they related? How are different modes of production related to each other in the world of digital labour?
  2. What are the important dimensions for constructing a typology of work that takes place in online spaces (e.g. crowdsourcing, online gambling, gold farming, turking, microwork, production of and trade with virtual items, clockwork etc)?
  3. How can a typology of alternative forms of online work that rejects the profit logic be constructed (e.g. free software development, creative commons and copyleft publishing, Wikipedia collaboration, peer-production, open access publishing, file sharing etc)?
  4. Which forms of labour are involved in the global value chain of digital media, how do they differ from each other and how are they related (e.g. mining, hardware assemblage, call centre work, software engineering, transport labour, prosumer labour, e-waste labour etc)?

3) Transformations of Labour

  1. How can blurring boundaries between toil and play, labour and leisure time, the factory and society, production and consumption, public and private, the sphere of production and reproduction, economic value and social wealth in the realm of digital media be conceptualized?
  2. What is the relationship between creativity, participation, do-it-yourself culture on the one hand and exploitation, alienation and/or emancipation on the other hand?
  3. What is the role of the concepts of the working class and the proletariat for theorizing digital labour?
  4. How would the concepts of digital work and digital labour look like in a post-capitalist society? Does the post-capitalist end of the working class also mean the end of and abolition of digital work? Or just the end of digital labour? What are the anthropologically constant and the historically variable dimensions of productive human activities? How should they be conceptualized and named? How are they related to the realm of digital media? Do concepts such as anti-work, zerowork, the abolition of work, post-work and the right to be lazy take the anthropological, creative and productive aspects of human life that are expressed on digital media into account? What are the elements of digital media activities that will continue to exist in a post-capitalist society? What are the historically continuous and discontinuous elements of digital labour?
  5. What has historically been the role of communications – including digital communications – in labour transformations and in the construction of global labour chains (e.g. global division of labour and social interdependencies; the concept of collective worker / Gesamtarbeiter; socialization of labour etc.)?



  1. Abstract submission: July 31, 2013
  2. All abstracts will be reviewed and decisions on acceptance/rejection will be communicated to the authors at the latest by the end of summer 2013.
  3. Full paper submission: January 15, 2014

Please submit article titles, author names and contact data and abstracts of 200-400 words to:

Marisol Sandoval, marisol.sandoval@uti.at

Rethinking Marxism 2013: Surplus, Solidarity, Sufficiency

19-22 September, 2013 | UMass Amherst | website

RETHINKING MARXISM: a journal of economics, culture & society is pleased to announce its 8th international conference, to be held at the University of Massachusetts in Amherst on 19-22 September 2013.

The confirmed keynote events for Rethinking Marxism 2013: Surplus, Solidarity, Sufficiency


  1. A series of panels focused on the possibilities and necessities of working for communism today including a plenary address with Jodi Dean and Stephen Healy.
  2. Richard Wolff presenting an opening plenary celebrating the work and life of Stephen Resnick.
  3. Katherine Gibson giving the inaugural Julie Graham Memorial Lecture
  4. A series of panels engaging with and celebrating the different aspects of the work of Stephen Resnick and Richard Wolff
  5. An installation of the late artist Susan Kleckner's work at Greenham Common Women's Peace Camp, along with a series of conversations and film screening organized by Susan Jahoda and Jesal Kapadia.


In 2013, 5 years into the greatest economic and social depression since the Great Depression, and 4 years after the last international conference convened, we invite participants to explore and interrogate three keywords: Surplus, Solidarity And Sufficiency.  We find these keywords to be particularly useful in critically engaging with our historical conjuncture from different perspectives. Rather than uncritically endorsing these keywords, we would like them to be both utilized and rethought in investigating the current economic and ecological crises and articulating new revolutionary imaginaries and vocabularies that will enable the work of enacting communism here and now. For more information on the proposed theme, visit here.

We encourage, however, scholars and students in all disciplines, activists and artists working in areas that intersect with Marxism to submit proposals on themes other than those proposed above. Participants can present in areas such as critical race theory, feminism, political economy, anarchist studies, cultural and literary studies, art and art criticism, literature and literary studies, queer theory, working-class and labor studies, postcolonial studies, geography and urban studies, psychoanalysis, social and natural sciences, philosophy, history, and around issues of class, race, ethnicity, nationality, gender, sexuality, and disability. Historical analyses are especially welcome.

In addition to three plenary sessions, an art installation and screenings, there will be concurrent panels, workshops, and cultural events. We invite the submission of organized sessions that follow traditional or nontraditional formats (such as workshops, roundtables, and dialogue among and between presenters and audience) as well as individual presentations. Anyone engaging with Marxism in any discipline or form of activism is encouraged to submit paper and panel proposals. We also welcome video, poetry, performance, and all other modes of presentation and cultural expression.

Submission of Proposals

Proposals for papers, films, or other formats should include:

  1. Paper title
  2. Presenter's name and contact information (mail, email, phone, affiliations)
  3. Brief abstract (no more than 200 words)
  4. Technology/spacial requirements for the presentation

Proposals for panels should include:

  1. Panel title
  2. Name, contact information, and paper title for each presenter
  3. Brief abstract (no more than 200 words) explaining the panel's focus
  4. Brief abstract for each paper (no more than 200 words)
  5. Names and contact information for any discussant(s) or respondent(s)
  6. Technology required by the presenters
  7. Title, contact, and address for any sponsoring organization or journal

Resnick & Wolff Series: If your paper or panel proposal is intended for the track on the  work of Steve Resnick and Rick Wolff, please indicate this in your submission. More information on the Resnick-Wolff Series available here.

The appropriate preregistration fee must be paid with all proposal submissions. Unfortunately,  any proposal not accompanied by the appropriate preregistration fee cannot be considered.  Proposals that are not accepted will have their preregistration fees returned in full. If you are  submitting a proposal for an entire panel, please make sure the preregistration fee for all  members of the panel is paid.

DEADLINE for proposal submission is July 1, 2013.

Submissions should be emailed to Vincent Lyon-Callo at Vincent.lyon-callo@wmich.edu. To submit a proposal and to pay the preregistration fee, follow the instructions on the conference website.

Registration Rates

  1. Regular Rate $125
  2. Low-Income Rate $60


Selected papers, poems, art, and other forms of presentation from the conference may be  published in RETHINKING MARXISM and/or in separate edited volumes of contributions.

Vendors and Advertisements

Literature tables and display areas are available to groups, vendors, and publishers at  reasonable rates. Ad space in the conference program is also available at reasonable rates.  All ads must be camera-ready.

Organizers and Sponsors

This conference is organized by a committee composed of the members of Association for  Economic and Social Analysis and the editorial board of Rethinking Marxism and sponsored  by Association for Economic and Social Analysis (AESA) and Rethinking Marxism.

All inquiries concerning the conference can be addressed to Vincent Lyon-Callo at Vincent.lyon-callo@wmich.edu.

URPE @ Rethinking Marxism

The 8th international conference of Rethinking Marxism, a journal of economics, culture & society, will take place at the University of Massachusetts in Amherst, September, 19-22, 2013. The conference theme is “SURPLUS, SOLIDARITY, SUFFICIENCY.” More information on the conference is available here.

URPE members can submit panels to the conference either independently or with URPE sponsorship. The advantage of URPE sponsorship is that you will get more publicity within URPE and you may get help organizing your panel. The conference deadline for submission of panels, whether they are submitted through URPE or independently, is July 1st. The URPE deadline for submissions of URPE-sponsored panels is Friday, June 21st.

Please e-mail panel and/or paper proposals and other suggestions to agezici@keene.edu by Friday, June 21st.

World Economics Association Online Conference: Neoliberalism in Turkey

Neoliberalism in Turkey: A Balance Sheet of Three Decades


  1. Deadline for papers: 1 October, 2013
  2. Discussion forum: 28 October – 24 November, 2013

The Turkish economy and society have been the subject of neoliberal agenda since 1980, in the crucial first three years under conditions of military dictatorship. Executed under the direct supervision of the IMF and the World Bank, the last three decades have witnessed an extensive shift in the Turkish pattern of development with the rise to hegemony of the neo-liberal orthodoxy dictating “market rationality” over any other form of collective decision-making. In the words of Bourdieu (1998) *, this infernal machine, termed neoliberal globalization, has sought to destroy all collective structures that are held as a hindrance to the profitability of private capital. Thus, trumpeted with the rhetoric of TINA (There is No Alternative) the neo-liberal orthodoxy introduced new rounds of conditionality as part of its hegemonic agenda: financial de-regulation, trade and capital account liberalization, flexible exchange rates, privatization, flexible labor markets, marketization of agriculture, central bank independence, fiscal austerity, and “good governance”.

In contrast to the traditional stabilization packages that aimed at devaluation to restrain domestic demand , the new orthodoxy aimed at maintaining high interest rates for the purpose of attracting speculative foreign capital from the international financial markets. The end results in the Turkish context were the shrinkage and commercialization of the public sector in a speculation-led growth environment, and the transfer of decision-making relating the public sphere from constitutional institutions to “independent” supreme bodies of regulation, working under “global rules” of “governance”.  

Over this discourse, not only the macro economy, but all aspects of social/institutional infrastructure were subjected to “structural adjustment”.  Starting with a direct intervention to the legal system with a new constitution and a thoroughly revised Labour Law that radically limited the rights of the working classes and trade unions in the immediate aftermath of the military intervention, a series of administrative regulatory bodies were established, each with a specific task of specialization and with almost no democratic accountability. Often accompanied by a set of appealing concepts including “governance”, “transparency”, regionalization /localization / decentralization”, the state apparatus has also been subjected to transformation in line with the strategic interests of national and international capital, in particular the so called international finance institutions (IFIs).  

At the current juncture, the neoliberal project is implemented under the Justice and Development Party (AKP) with strong Islamist orientation and with the objectives of:transformation of the state apparatus; dissolution of the public sector under the pretext of “localization” and “democratization based on civil society organizations”; commercialization and commodification of basic services such as health and education; and opening most of the basic needs of society to exploitative initiatives by both national and international capital.

Over the three decades of neoliberalism, growth was both erratic and meager in comparison to the previous era of import- substituting/ planned industrialization (ISI).  Overall, average annual rate of growth was 4.3% during 1980-2011. This was well below the rates achieved during the earlier ISI period (1962-79) with 6.5%; or indeed the 4.9% average rate of the entire history of the Republic (1923-2011). Following the capital account liberalization of 1989, sudden stops and reversals of capital inflows led to two deep crises in 1994 and 2001 and a deep recession in 2009. Turkey is currently trapped in a foreign debt-ridden structural current account deficit (currently standing at 7% of GDP and rising), and a speculative, volatile growth environment subjected to the whims of international finance capital.

*Bourdieu, P. (1998) ‘The Essence of Neoliberalism’, Le Monde Diplometique, December.

Conference Call

With this conference we hope to stimulate debate on the systemic assault of capital on the peoples at the center and the periphery of the global capitalist system with Turkey serving as an example of the impact of “neoliberal great moderation”.

The focus of the conference is Turkey. However papers on other countries that draw comparisons with – and implications for - Turkey are welcome. So are papers that put forwards alternative perspectives and explanations. We invite contributions in the following areas. The list is indicative rather than prescriptive. Relevant papers in related fields will be considered.

  1. Macroeconomic policies in the era of globalization and neoliberalism.
  2. Independent central banking and inflation targeting: political and economic effects.
  3. Balance of payments issues under the neo-liberal agenda.
  4. Are financialization and de- industrialization of the economy linked? The case of Turkey
  5. Fiscal austerity: winners and losers; short and long term effects.
  6. Labour markets under the neo-liberal agenda. Productivity, labour and new technologies; the new international division of labour; the casualization of labour and its implications for the economy, society and politics in Turkey.
  7. Income and wealth distribution: changes; impact on the economy and society.
  8. Wider inequalities including inequalities by gender and regions.
  9. The role of foreign multinationals and international financial institutions in the Turkish economy.
  10. The restructuring of the state and its impact on stakeholders from labour to finance capital to manufacturing capital, to small businesses.
  11. Localization and de-centralization. The role of civil society institutions and conceptualization of “governance” and the “new democracy”.
  12. Emergence of Islamic conservatism and its relationship with neoliberal policies.
  13. The dismantling of the welfare state: short and long term impact on education, health care and social infrastructure. Poverty and social exclusion.


Leading team

Main leader:

  1. Erinç Yeldan, Professor of Economics and Dean of the Faculty of Economics and Administrative Sciences at the Yaşar University. (erinc.yeldan@yasar.edu.tr). He is one of the founding executive committee members of the International Development Associates (IDEAs) New Delhi, and also a member of the Independent Social Scientists’ Alliance of Turkey. Yeldan teaches macroeconomics; international economics and theories of growth.


  1. Özden Birkan, Assistant Professor of Economics at Yaşar University. (ozden.birkan@yasar.edu.tr). She holds a PhD from University of Utah and teaches macroeconomics, econometrics and international economics.
  2. Ilker Aslan, PhD student in Political Economy at the University of Fribourg, Switzerland. (ilker.aslan@unifr.ch). Aslan holds a MSc in European Law and Business from Aarhus University, Denmark and BSc in Business Administration from University of Texas at Dallas. His areas of research are macroeconomics, monetary economics with a focus on the effects of financialization.

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.

1st World Keynes Conference

The program is now available online here.

Centro di Ricerche e Documentazione Piero Sraffa Workshop

Tuesday 18 June 2013, h. 16:00, Room 18

Centro di Ricerche e Documentazione "Piero Sraffa", is pleased to announce upcoming Workshop, in collaboration with Dipartimento di Economia, Roma Tre University: INDIA TODAY

  1. The Challenges to the Indian Economy 

Aditya Mukherjee (Professor of Contemporary History, Centre for Historical Studies, Jawaharlal Nehru University, New Delhi)

- Brief outline of changes in the Indian economy in the early post-colonial period. The unstructuring of the colonial pattern and setting the Indian economy on a developmental path.

- Economic impact of the reform since the 1990s.

- Indian economy in the new millennium-the breakthroughs and the challenges.

  1. The Social and Political Challenge

Mridula Mukherjee (Professor of Modern Indian History, Centre for Historical Studies, and Dean, School of Social Sciences, Jawaharlal Nehru University, New Delhi)

- Achievements: Successful working of parliamentary democracy for 65 years; 15 general elections considered more or less free and fair with little violence; army remained under civilian control, no coup attempts ever.

- Democratic space exists for oppositional movements, but decline of Left parties and weakening of trade union movements.

- Areas where the political system has been remiss have been  taken up by grassroots level movements of civil society which has sought to deepen democracy, e.g., the movements for the Right to Information, right to employment, right to education, right to food, etc. Also movements for protecting the environment, against gender violence  and against corruption have emerged from such civil society initiatives.

City Political Economy Research Centre Research Seminar

Monday, 24th June 2013, 13:00 – 15:00 | D221, Social Sciences Building, City University London


Erik Gerding (Colorado Law School, USA) And Jan Toporowski (SOAS, UK): Finance and Law: Debt, Bubbles and Financial Regulation


Chaired by Anastasia Nesvetailova, CITYPERC


Attendance is free. Please sign in for the event at: cityperc@city.ac.uk 

Green Economics Institute Annual Conference

July 18-20, 2013 | Worcester College, University of Oxford, UK | website

Balancing the Global Economy! Greening the Global Economy! Healing the Global Economy! Reclaiming the Commons!

“This conference explores the very latest thinking in global change , social and environmental

justice, bringing people together, think outside the box, develop ideas and create policy change for the global economy and local communities.”

Find more information about the conference here and download the call for participants here.

Greenwich Water Talks – Them and Us: Public Decisions and Social Acceptance

Thursday 20 June 2013 (2pm - 7pm) | University of Greenwich, UK | Website

The Public Services International Research Unit (PSIRU), Business School, University of Greenwich would like to invite you to attend the forthcoming Greenwich Water Talk on: “Them and Us: Public Decisions and Social Acceptance”.

Increasingly, European citizens are resisting against water privatisation and commercialisation through local campaigns, national referenda, Europe-wide petitions and other forms of social mobilisation. Increasingly, European citizens are supporting the remunicipalisation of water and sanitation services for a variety of considerations: social, environmental, economic and political.

These developments elicit a number of fundamental questions on decision making in the water sector. Is the pendulum swinging back towards public ownership of water services? And what prompts society to accept or reject decisions taken on their behalf by technocrats and politicians? We reflect around those issues starting from allied and complementary perspectives: anthropology, economics, and political science.

Listed Speakers

  1. Professor Veronica Strang, Institute of Advanced Studies, Durham University
  2. Alberto Ruiz-Villaverde, Department of Applied Economics, University of Granada, Spain
  3. Emanuele Lobina, PSIRU, Business School, University of Greenwich


King William Building KW002, Old Royal Naval College, Park Row, London SE10 9LS


Attendance is free but places are limited. To register and reserve your seat, please send your full name tobusinessevents@gre.ac.uk stating that you wish to attend the PSIRU seminar. Registration is recommended to avoid disappointments.

For further information on the Greenwich Water Talks series contact:

Emanuele Lobina

Telephone: +44(0) 20 8331 8476

Email: e.lobina@gre.ac.uk

For further information on this event contact:

Conferences and Executive Development team

Telephone: +44 (0) 20 8331 9083

Email: businessevents@gre.ac.uk

International Macroeconomics and Post-Keynesian Analysis  (MIAP) Seminar

The next group seminar "International Macroeconomics and post-Keynesian analysis" (MIAP) on Friday June 14 at 14h.

Steven Fazzari (Washington University in St. Louis) we will present the paper "Inequality and Household Finance During the Consumer Age", co-written with Barry Z. Cynamon (Federal Reserve Bank of St. Louis).

The seminar will take place at 14h, the MSH Paris Nord, accessible by RER B, but also by the line 12.

It will be preceded by a lunch at the Plaine Truffier at 13:00

Once is not custom, this seminar will be followed by another seminar MIAP, Friday, June 21 at 14h. This will be provided by Taha Chaiechi (James Cook University, Australia). The announcement of this seminar will be released very soon.

Manchester Global Political Economy Research Cluster Seminars

  1. Dr Magnus Ryner (Kings College, London)

Class Struggle and the (International) Political Economy of Falling Wage-Shares

June 12 2013 2pm-4pm, University Place 6.206

  1. Professor Luke Ashworth (Memorial University of Newfoundland)

Industrialization and International Thought, or is 1851 the 'Big Bang' of International Relations?

Tuesday June 18 2013, 2pm-4pm Arthur Lewis Building G.019

New developments on Ricardo and the Ricardian traditions

10-12 September 2013  | Lyon, France | website


The present decade marks the bicentennial anniversary of the major publications of David Ricardo, one of the most powerful and original authors in political economy.

To celebrate this event and to make an update of the most recent research, an international conference on New developments on Ricardo and the Ricardian traditions will be held in Lyon, France, coorganized by the Ricardo Society, the research centre Triangle (CNRS, École Normale Supérieure de Lyon) and the Université Lumière (Lyon 2).

In supplement and as a prelude to this event, the conference will be preceded, on September 9th, 2013, by a day of lectures and debates around the work of David Ricardo in order to promote the Ricardo studies among PhD students and young research fellows.

Find further details (including the conference program) at the conference website. 

The Politics of Markets Lecture

Thursday 13 June, 5.30-6.30pm | University of Westminster, UK

‘The Politics of Markets’ – a lecture by Professor Andrew Gamble, University of Cambridge

Politics and markets are regarded as indispensable categories for understanding modern societies, but the relationship between them takes many forms. Much debate has been focused on whether markets can exist independently of politics or whether they are dependent on politics to construct and sustain them, but there are also a number of more particular questions about the role of markets in public services and in particular areas of public policy. Markets are ubiquitous in the modern world, and tend constantly to spread to new spheres, creating moral and political anxieties, and recurring dilemmas for policy-makers. Markets are not a neutral technical means of allocating resources; they also have normative implications for behaviour and for social relationships. Some of these issues are explored through an examination of the recent financial crisis and its aftermath, asking whether this was a failure of markets or a failure of politics.

Venue: University of Westminster, The Board Room, Regent St Campus (for directions click here)

This keynote lecture follows a conference on ‘The Politics of Markets’ that brings together researchers working across a range of policy sectors.  The lecture is to be followed by discussion and a drinks reception and networking.

Attendance is free, though places are limited and advanced booking is required via Eventbrite by the 3rd of June (www.politicsofmarkets.eventbrite.com)

Organisers: Centre for the Study of Democracy, University of Westminster in collaboration with Goldsmiths College, University of London.

For further information, please contact Tom Mills, University of Westminster (t.mills@my.westminster.ac.uk)

Seminar Series on the History and Methodology of Economics

On June 12th, 2013, Cedeplar-UFMG, through its Research Group on the History and Methodology of Economics, will promote the IV Seminar Series on the History and Methodology of Economics. As in previous editions, the event aims to stimulate greater interaction among Brazilian researchers who specialize in the History of Economic Thought and the Methodology of Economics, while at the same time consolidating the role of Cedeplar and UFMG as centers of reference in Brazil for academic work in both areas.

Differently from earlier editions, in this fourth Seminar Series all presentations will be concentrated on the same day, making it possible for our guest speakers to engage each other's works, and also offering further stimulus for the attendance of students and researchers from other academic institutions. The scheduled program is the following:

9h30 - 11h30

  1. Speaker: Prof. Pedro Cezar Dutra Fonseca (Federal University of Rio Grande do Sul - UFRGS)
  2. Theme: The Genesis of Latin American Development Economics
  3. Seminar Paper: Genesis and Forerunners of Development Economics in Brazil

14h00 - 16h00

  1. Speaker: Prof. David Dequech (University of Campinas - Unicamp)
  2. Theme: The Institutions of Economics as a Discipline and Institutions as a Research Object in Economics
  3. Seminar Paper: Available soon

16h15 - 18h15

  1. Speaker: Prof. Pedro Garcia Duarte (University of São Paulo - USP)
  2. Theme: Economics at MIT and Its Graduate Networks: the early years
  3. Seminar Paper: Available Soon

All sessions will take place at Seminar Room 4 of the School of Economics at UFMG (see map).

Sheffield Political Economy Research Institute (SPERI) 2nd Annual Conference

1-3 July 2013 | Halifax Hall, University of Sheffield | website

Theme: Beyond Austerity vs Growth: The Future of European Political Economy

The second SPERI annual conference is just over 5 weeks away and the early bird registration offer is about to expire.

Plenary speakers include Peter Katzenstein (Cornell University), Vivien Schmidt (Boston University), Iain Begg (LSE), Stuart Holland (Universidade de Coimbra and former MP) and David Marsh CBE (Chariman, OMFIF). There will also be an array of parallel-running panels, two think-tank panels and a policy roundtable discussion.

For more information about the conference and the programme please visit our website.

To register please visit our online store.

If you have any questions, please contact the conference organiser Sarah Boswell by emailing speri@sheffield.ac.uk

WEA Online Open-access Conference: Inequalities in Asia

Open for discussion until June 28.  Anyone may participate. Conference Website

The Papers (with abstracts)

  1. Growth and Distribution Regimes in India after Independence  / Rahul De
  2. Tracing Some of the Distributional Consequences of Financial Reforms in India: 1991-2005  / Jayadev, Arjun
  3. Impact of Technology on Wage Inequality: Evidence from Indian Manufacturing under Globalisation  / Kiran Kumar Kakarlapudi
  4. Caste and Production Relations in India’s Informal Economy: A Gramscian Analysis /          Basile, Elisabetta
  5. How Close Does the Apple Fall to the Tree? Some Evidence on Intergenerational Occupational Mobility from India / Motiram, Sripad and Singh, Ashish
  6. State Capacity and the Sustainability of China’s Economic Growth  /Andong Zhu
  7. Land Consolidation in China – A critical Review  / Wang Qianyi, Cheong Kee Cheok, Zarinah Binti Yusof
  8. Control of Agricultural Prices, Rural-Urban Migration and Primary Distribution: Reasons behind Inequality in China, 1978-2007  / Molero-Simarro, Ricardo
  9. Profit-Led Growth and Policy-Induced Changes in Income Distribution in a Developing Economy  / Thakur, Gogol Mitra
  10. The End of Egalitarian Growth in Korea: Rising Inequality and Stagnant Growth after the 1997 Crisis  / Lee, Kang-Kook
  11. Is inequality in Malaysia really going down? Some preliminary explorations  / Lee, Hwok-Aun
  12. Income Inequality in China  / Xue, Jinjun

Workshop on the Social and Employment Impact of the Crisis in Europe

21 JUNE 2013 | Berlin School of Economics and Law, Germany

Berlin School of Economics and Law, Badensche Str. 50-51, 10825 Berlin, Room B 4.41



9.00          Opening & welcome / Bernd Reissert, President, Berlin School of Economics & Law


  1. The Greek sovereign debt crisis: Policies and prospects ?  / Georgios Argitis, University of Athens
  2. Fiscal discipline and the state of emergency: Social and political consequences of the crisis in Greece / Maria Makantonatou, University of the Aegean


  1. Italy and the political economy of decline / Mario Pianta, University of Urbinn
  2. The Impact of the crisis on European social models / Christoph Hermann, University of Vienna


  1. The impact of the crisis on wages: A perspective from the ILO Global Wage Report /           Patrick Belser, International Labour Organisation, Geneva
  2. The crisis in Europe: The dead end road of the race to the bottom / Özlem Onaran, University of Greenwich


  1. Alternatives to neoliberal Europe / Klaus Busch, University of Osnabruck
  2. Panel discussion / Klaus Busch, Eckhard Hein, Hansjörg Herr & Mario Pianta

For more information, contact Professor Trevor Evans:  evans@hwr-berlin.de.


Job Postings for Heterodox Economists

International Institute of Social Studies in The Hague, The Netherlands

Assistant professor | Staff Group Rural Development, Environment and Population Studies

Field of Agrarian, Food and Environmental Studies

The Staff Group Rural Development, Environment and Population Studies has a position (1.0 FTE) for an Assistant Professor level in the field of: Agrarian, Food and Environmental Studies.  The Staff Group is engaged in research, teaching, advisory work and capacity building in international development studies.  It has recently formed a research programme (RP), “Political Economy of Resources, Environment and Population”. This research programme includes two main inter-related research areas, namely Agrarian, Food and Environmental Studies (AFES) and Population Dynamics and Social Policy(PSSP).

This RP focuses on agrarian and rural development, environment and conservation, poverty, socio-economic security, population studies, and child and youth studies, and shares an explicit engagement with a political economy framework of analysis of power relations and processes of global change that reinforce rather than reduce poverty and socio-economic insecurity.


We are looking for top-talent which will contribute innovative high quality research and teaching capacity to a number of crucial issues relating to Agrarian, Food and Environmental Studies in developing and/or transition countries, in a rapidly changing global context.

AFES is focused on the interface between agricultural and environmental change within the context of global, political-economic transformations. It addresses challenges associated with the ownership, control, use, management and distribution of natural resources and the dynamic relationships between nature, agriculture and socioeconomic development.

It pays particular attention to contemporary environmental and resource-related conflicts and how these can be understood and mediated with an eye at bringing about just, equitable and sustainable development in developing nations and beyond.

For a full profile and vacancy description, download the job description

Task and Responsibilities

  1. Production and publication of high quality research output at international standards
  1. Preparation (individually or jointly with other staff) of externally funded research grant proposals
  1. Contribution to teaching in the AFES Major; Supervision of MA and PhD students in the AFES field


  1. A completed PhD in one of the social sciences
  1. Evidence of publication capacity, including both a strong publication track record and clear research and publication plans
  1. Teaching experience, preferably at post-graduate level
  1. Proven evidence of the ability to attract external finance for research and other projects
  1. Ability to work in an inter-disciplinary team
  1. Experience with gender-based analysis is welcomed
  1. While open to all regional specializations, we hope that the successful candidate will have at least one area specialization in Sub-Saharan Africa, South Asia, East Asia or Indonesia.

Full job description and further conditions

Parliamentary Researcher, UK

Lord Skidelsky is a crossbench peer looking for a researcher to support him in his parliamentary and public activities. Typical tasks would include providing briefings on legislation and committee activities, research for speeches and newspaper articles, and media monitoring. Longer-term projects would include adapting a series of lectures on fiscal and monetary policy for publication as a book.


Applicants should have a strong background in economics (typically holding or in the process of completing a relevant masters’) with a sound grasp of current macro-economic policy debates. Interest in government and economic policy is essential. Applicants should be familiar with major sources of macro-economic data: ONS, IMF &c. Applicants must be able to write clearly and concisely, and to present data in an accessible manner. Applicants should be technically fluent in economics, but equally able to translate this into ordinary language. Knowledge of Russian would be desirable. The successful applicant would have the opportunity to publish their own material under the auspices of the Centre for Global Studies, a think tank which focuses on economic policy.


The usual requirements of a busy office environment apply: the ability to work independently, manage a variety of tasks, flexibility to suit changing priorities.


The job is based in Westminster, working Monday-Friday 9:30-5:30, though applicants who would prefer to combine a part-time role with further study would also be considered.


Upon appointment you will be required to comply with the Baseline Personnel Security Standard, undertaken by the Members’ Staff Verification Office (MSVO).


Deadline for application midnight on June 16. Shortlisted candidates would be asked to complete a short writing assessment before interview. Interviews will take place on June 25.


Contract to run for 1 year subject to a probationary period, to begin at the end of September (exact date flexible). Salary £25-30,000 depending on experience.


Please submit a CV, a covering letter detailing why you would be suitable for the job, and the names of two referees to Pete Mills: millsp@parliament.uk. Please put "Parliamentary Researcher Application" in the subject line.

St. John’s University, US

Assistant Professor | Department of Economics and Finance, Tobin College of Business

Note: Deadline is today! 


The Tobin College of Business at St. John’s University invites applications for a tenure track Economics position at the Assistant Professor rank in the Department of Economics and Finance starting in Fall 2013.  A Ph.D. in Economics is required for tenure track position.   Possibility for one year appointment for ABDs.  All specialization areas in Economics will be considered.  Department offers BS/BA in economics in both the Tobin College of Business and St. John’s College of Arts and Sciences.  Ability to contribute to both programs is important.  Responsibilities include teaching graduate and undergraduate classes as well as participation on committees, and service to the University.  Excellence in teaching and an ongoing research/publication record are essential.


St. John’s University is an Equal Opportunity Employer and encourages applications from women and minorities.


Please submit a letter of application, CV, statement of research interests and teaching philosophy and contact information for three professional references to Fran Vroulis (email: vroulisf@stjohns.edu).  Deadline for submission is June 10, 2013.

University College London, UK

Lecturer in Economics of Construction/Real Estate

UCL Bartlett School of Construction & Project Management


Grades 7-8

Hours Full Time

Salary (inclusive of London allowance)

Grade 7: £36.064-42,483 per annum or Grade 8: £40,216-£51,563 per annum. In addition to the basic salary a market supplement may be available for an exceptional candidate.

Duties and Responsibilities

Based in Central London, UCL is ranked amongst the Top Ten universities in the world.  UCL's prestigious Bartlett Faculty of the Built Environment is internationally renowned for its excellence as a centre for the multi-disciplinary study and design of the built environment.

The Bartlett School of Construction & Project Management is currently looking for a Lecturer in Economics of Construction/Real Estate.  This individual will carry out teaching, research and administration within the School, principally in an area of economics relevant to the built environment, including real estate/property economics, construction economics, project appraisal and/or infrastructure finance and investment.  This is a critical role with significant developmental potential.

Key Requirements

Candidates should possess a solid grounding in applied economics, accompanied by a relevant Masters or PhD.  They will be expected to demonstrate an understanding of, or an interest in, non-residential construction/real estate, project appraisal and/or infrastructure.

Further Details: Individuals interested in an informal discussion around the post are free to contact either Professor Michelle Baddeley on +44 (0)203 108 3218 or m.baddeley@ucl.ac.uk, or Dr Andrew Edkins on +44 (0)207 679 1602 or andrew.edkins@ucl.ac.uk.

To download additional information, including details of how to apply, please visit the website.

UMass, Amherst, US

Endowed Chair in the Study of Nonviolent Direct Action and Civil Resistance

The University of Massachusetts Amherst invites applications for the Endowed Chair in the Study of Nonviolent Direct Action and Civil Resistance, a new position that focuses on the scientific study of nonviolent direct action and civil resistance.

The Chairholder may be from any discipline. Departmental home and appointment at the Full or Associate level will be determined by the Chair holder's expertise.

The Chairholder will be an integral member of the Psychology of Peace and Violence Program and pursue interdisciplinary collaboration, scholarship, and graduate training on issues involving peace, conflict, nonviolent direct action, and civil resistance. The Chairholder must apply scientific research methods to large-scale social phenomena and will provide leadership in the field.  The position will begin as soon as a qualified candidate has been found.

QUALIFICATIONS: Ph.D.; an excellent scholarly record in the scientific study of peace, nonviolent direct action, and civil resistance; and exceptional promise as a national/global leader in advancing the field at UMass Amherst. A record of inclusive and multi-cultural skills in scholarly activity is strongly preferred.

RANK AND SALARY: Commensurate with experience and qualifications.

NOMINATIONS AND APPLICATIONS: Review of applications will begin on 17 September 2013 and will continue until the position has been filled. Applications comprising a cover letter expressing interest and describing research program, a vitae, and a list of at least three references should be sent to Kelly Smiaroski:  ksmiaroski@provost.umass.edu or Office of the Provost, 373 Whitmore Administration Building, University of Massachusetts, 181 President’s Avenue, Amherst, MA 01003-9313. Electronic submissions strongly preferred.  

UMass Amherst is an Affirmative Action/Equal Opportunity employer. It is strongly committed to increasing the diversity of faculty, students, and curriculum, and particularly encourages applications from women and minorities.

Conference Papers, Reports, and Podcasts

Historical Materialism New York 2013

Audio and video from HMNY 2013 here.  

PKSG Seminars

The podcast of the discussion at the Keynes Seminar on 21 May of Guglielmo Forges Davanzati's paper on “Keynes and the monetary theory of production” with Mark Hayes, together with the slides, and the podcast of the discussion at the Keynes Seminar on 7 May of Marco Flávio da Cunha Resende's paper on “Fiscal Policy and the Substitution between National and Foreign Savings” with Geoff Tily, together with the slides, are now available   here.  

Samir Amin: Six Decades of Development Debate

Seminars with the renowned Egyptian economist Samir Amin, which took place on 25 and 26 April at SOAS, University of London, are now available online. The seminars (with links to the film) include:

  1. The Deployment of the Bandung Project (1955 - 1970)
  2. Neoliberalism and the Decline of the Bandung Project (1975 - 2000)
  3. The Second Wave of the Rise of the South; the Emerging Countries (as of 2000)

Professor Samir Amin is Director of the Third World Forum (Dakar, Senegal). He is one of the most prominent theorists of the political economy of development and global accumulation as well as one of the best-known analysts of Arab and African economies.

Organiser Professor Gilbert Achcar commented: "The Department of Development Studies at SOAS was delighted to host these three lectures by Professor Samir Amin, one of the best-known names in the field, a thinker who emerged since the 1960s as a major and most prominent contributor to the study of development and to the debates on North-South relations."

Source: Historical Materialism

Heterodox Journals

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

Journal website: http://cje.oxfordjournals.org/

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

Contributions to Political Economy, 32(1): June 2013

Journal website: http://cpe.oxfordjournals.org


  1. On the Gloomy European Project: An Introduction / Massimo Pivetti
  2. Alternative Economic Policies for the Economic and Monetary Union / Malcolm Sawyer
  3. Europe's Crisis without End: The Consequences of Neoliberalism / Thomas I. Palley
  4. From Contagion to Incoherence towards a Model of the Unfolding Eurozone Crisis / Yanis Varoufakis
  5. Flawed Currency Areas and Viable Currency Areas: External Imbalances and Public Finance in the Time of the Euro / Aldo Barba and Giancarlo De Vivo
  6. Origins and Ways Out of the Euro Crisis: Supranational Institution Building in the Era of Global Finance / Robert Boyer
  7. On the Franco-German Euro Contradiction and Ultimate Euro Battleground / Jörg Bibow
  8. India and the Eurozone: A Commentary on the Political Economy of Adjustment and Correction / Shailaja Fennell, Amandeep Kaur, and Ajit Singh

Densidades, 12: mayo 2013

Journal website: www.densidades.org


  1. Definiciones políticas y prioridades temáticas en el espacio regional del MERCOSUR: una evaluación de los diez años del Programa 2004-2006 /Lincoln Bizzozero
  2. El caso de la suspensión de Paraguay en el MERCOSUR: reflexiones acerca de los protocolos de Ushuaia I y II y su primera aplicación / Alejandra Diaz
  3. ALBA-TCP y educación: dos aliados estratégicos en la construcción de Nuestra América / Carmen R. Schaposnik y Eugenia C. Pardo
  4. Aires de cambio en el tratamiento de la migración regional: la Ley Migratoria Argentina y el desafío de la integración de los migrantes regionales / Álvaro Del Águila
  5. Pragmatismo y autonomía en la política exterior de Néstor Kirchner 2002 – 2005. De la exogeneización menemista a la endogeneización kirchnerista del antagonismo social de clases / Rodrigo F. Pascual
  6. Latinoamérica y sus desafíos: Caso concerniente a la delimitación marítima entre la República del Perú y la República de Chile. / Magdalena Bas, Daniela Guerra y Mónica Nieves
  7. Deporte, geopolítica e integración regional: el caso de los juegos deportivos del ALBA / Hernán D'Alessio
  8. Un recuento de la integración de México con Estados Unidos y su relación con América Latina / Miguel Angel Vázquez Ruiz y Carmen Bocanegra Gastelum




  1. Etnoturismo e integración. Turismo cultural mapuche en el lago Budi / Charles David Tilley Bilbao


  1. El estado de la democracia en América Latina en debate / Fernando Bulggiani
  2. Voces del Sur: una construcción colectiva / Susana Pelayes
  3. La REAF, algo mas que una reunion especializada sobre agricultura familiar en el MERCOSUR / Eduardo Polcan


  1. Historia de la Globalización, de Aldo Ferrer, con Mario Rapoport, Miguel Peirano y Aldo Ferrer, Buenos Aires, 10 de mayo de 2013


  1. Declaración del Consejo de Jefes y Jefas de Estado y de Gobierno de la Unión de Naciones Suramericanas (UNASUR). Lima, 19 de abril de 2013
  2. Declaración de Bogotá del IV Foro Andino de Migraciones. Bogotá, 10 de mayo de 2013

European Journal of Economics and Economic Policies: Intervention, 10(1): April 2013

Journal website: http://www.e-elgar.com/journals/journal_main.lasso?ref=EJEEP 

SPECIAL ISSUE: Post-Keynesian and Institutionalist Political Economy


  1. Interview with Peter Flaschel: ‘You have to regulate capitalism, otherwise the criminals will dominate it’ / Eckhard Hein and Torsten Niechoj


  1. Editorial to the special issue / Marc Lavoie and Mario Seccareccia
  2. Post-Keynesian institutionalism after the Great Recession / Charles J. Whalen
  3. Veblenian and Minskian financial markets / Giorgos Argitis
  4. Do institutionalists and Post-Keynesians share a common approach to modern monetary theory (MMT)? / Reynold F. Nesiba
  5. Connecting social provisioning and functional finance in a post-Keynesian–institutional analysis of the public sector / Zdravka Todorova (Free Access)
  6. Convention, interest rates and monetary policy: a Post-Keynesian–French-conventions-school approach / André de Melo Modenesi, Rui Lyrio Modenesi, José Luis Oreiro and Norberto Montani Martins
  7. Understanding financial innovation systems: Veblen and Minsky at the periphery / Solange Gomes Leonel, Sylvia Ferreira Marques, Ester Carneiro do Couto Santos and Marco Flávio da Cunha Resende
  8. The economic-environment relation: can post-Keynesians, Régulationists and Polanyians offer insights? / Lynne Chester and Joy Paton

Book Reviews

  1. De Grauwe, Paul (2012): Lectures on Behavioral Macroeconomics, Princeton, NJ (144 pages, Princeton University Press) / Reviewed by John E. King
  2. Stiglitz, Joseph E. (2012): The Price of Inequality: How Today’s Divided Society Endangers Our Future, New York and London (414 pages, hardcover, W.W. Norton & Company) Krugman, Paul (2012): End this Depression Now!, New York and London (259 pages, hardcover, W.W. Norton & Company) / Reviewed by Marc Lavoie
  3. Garnett, Robert F., Erik K. Olson and Martha Starr (eds) (2010): Economic Pluralism, London and New York, (Frontiers of Economy series No.122, 302 pages, hardcover, Routledge) / Reviewed by Thomas Dürmeier

Industrial and Corporate Change, 22(3): June 2013

Journal website: http://icc.oxfordjournals.org/


  1. Social identity, market memory, and first-mover advantage / William P. Barnett, Mi Feng, and Xaioqu Luo
  2. Theorizing path dependence: a review of positive feedback mechanisms in technology markets, regional clusters, and organizations / Leonhard Dobusch and Elke Schüßler
  3. Profits, R&D, and innovation—a model and a test / Francesco Bogliacino and Mario Pianta
  4. Where there is a will, there is a way? Assessing the impact of obstacles to innovation / Pierre Blanchard, Jean-Pierre Huiban, Antonio Musolesi, and Patrick Sevestre
  5. Out of passivity: potential role of OFDI in IFDI-based learning trajectory / Kyung-Min Nam and Xin Li
  6. Low-cost carriers and airports’ performance: empirical evidence from a panel of UK airports / Anna Bottasso, Maurizio Conti, and Claudio Piga
  7. Outsourcing and firm performance—a comparative study of Swiss and Greek firms / Spyros Arvanitis and Euripidis N. Loukis
  8. Modernizing the Business of Health: Pharmaceuticals in Britain, in comparison with Germany and the United States, 1890–1940 / Jonathan Liebenau

International Journal of Political Economy, 41(4): Winter 2012-13

Journal website: http://www.mesharpe.com/mall/results1.asp?ACR=ijp 


  1. Critique of Current Neoliberalism from a Polanyian Perspective—Politics, Philosophy, and Economics--Editor's Introduction / Mario Seccareccia
  2. The Power of Ideas: Keynes, Hayek, and Polanyi / Kari Polanyi-Levitt
  3. The Belief in Economic Determinism, Neoliberalism, and the Significance of Polanyi's Contribution in the Twenty-First Century / Claus Thomasberger
  4. "Freedom in a Complex Society": The Relevance of Karl Polanyi's Political Philosophy in the Neoliberal Age / Michele Cangiani
  5. The Fundamental and Eternal Conflict: Hayek and Keynes on Austerity / Alain Parguez
  6. Polanyi and Hayek on Freedom, the State, and Economics / Birsen Filip
  7. "Planning for Freedom": Hayekian and Polanyian Policies in Latin America / Paula Valderrama

Journal of Agrarian Change, 13(2): April 2013

Journal Website: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1471-0366


  1. The Role of Guanxi in Rural Social Movements: Two Case Studies from Taiwan / Chi-Mao Wang and Michael Woods
  2. Gender, Generation and the Experiences of Farm Dwellers Resettled in the Ciskei Bantustan, South Africa, ca 1960–1976 / Laura Evans
  3. Poverty and Dependency in Indigenous Rural Livelihoods: Mapuche Experiences in the Andean Foothills of Chile / Elvis Parraguez Vergara and Jonathan R. Barton
  4. Agrarian Poverty, Nutrition and Economic Class – A Study of Gujarat, India /Anita Dixit
  5. Open Variety Rights: Rethinking the Commodification of Plants /Eric Deibel
  6. Historical Materialism and Agrarian History / Henry Bernstein

Book Reviews

  1. The Struggle for Maize. Campesinos, Workers, and Transgenic Corn in the Mexican Countryside – By Elizabeth Fitting / Kirsten Appendini
  2. Rethinking Capitalist Development: Primitive Accumulation, Governmentality and Post-colonial Capitalism – By Kalyan Sanyal / Muhammad Ali Jan

Metroeconomica, 64(3): July 2013

Journal website: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-999X


  1. Economic Growth, Technological Progress and Social Capital: The Inverted U Hypothesis / Angelo Antoci, Fabio Sabatini and Mauro Sodini
  1. Evaluations of Infinite Utility Streams: Pareto Efficient and Egalitarian Axiomatics / José Carlos R. Alcantud and María D. García-Sanz
  2. The Effect of Government Spending on the Debt-to-GDP Ratio: Some Keynesian Arithmetic / Pedro Leão
  3. Where have All the Educated Workers Gone? Services and Wage Inequality in Three Asian Economies / Aashish Mehta, Jesus Felipe, Pilipinas Quising and Shiela Camingue
  4. Unexpected Consequences of Ricardian Expectations / Ekkehart Schlicht
  5. The (Normal) Rate of Capacity Utilization at the Firm Level / Michalis Nikiforos
  6. Unconventional Results with Surrogate Production Functions / Arrigo Opocher and Ian Steedman
  7. Fixed Point Theorems for Discontinuous Maps on a Non-convex Domain / Takao Fujimoto

Problemas del Desarrollo, 44(173): April-June 2013

Journal website: http://www.probdes.iiec.unam.mx/en/index_173.php [English version]


  1. Contributions to Development Theory from the Latin American Perspective / Alicia Girón


  1. Automatic Stabilization and Social Security: Brazil, Mexico, Costa Rica and Chile / Eloy Fisher
  2. Towards a New Development Model? from a Regulatory Perspective. Argentina 2003-2010 / Ignacio de Angelis, Mariana Calvento and Mariano Roark
  3. Latin America. Between Financialization and Productive Finance / Roberto Soto
  4. Adjustment: Origin of the European Crisis / Andrés Musacchio
  5. Common Agricultural and Cohesion Policy in the Europe 2020 Strategy / Antonio González Temprano
  6. From Recession to Recovery: Production and Employment in Mexico and The State Of Mexico / Pablo Mejía, Sandra Ochoa and Miguel Ángel Díaz

Commentary and Debate

  1. The Importance of Suitable Ideas on Development and Globalization / Aldo Ferrer


  1. Fundamentals of Economics, Marcela Astudillo, Jorge Paniagua (collaborator) / Santiago Hernández
  2. Knowledge Capitalism and the Telecommunications Service Industry in Mexico, by Sergio Ordóñez and Rafael Bouchain / Wilma Arellano
  3. The Financial System, Global Imbalances and Regulation, by Alma Chapoy and Alicia Girón / Aderak Quintana Economic Growth in Cuba: An Analysis of the Total Productivity of Factors, by Yaima Doimeadiós /Aldo Blanco
  4. The Food Supply in an Open Economy: The Situation in Mexico, by Felipe Torres, Yolanda Trápaga, José Gasca and Sergio Martínez / Rafael Olmos

Heterodox Newsletters

Newsletter dell'Associzione Paolo Sylos Labini

avete ricevuto questa newsletter in quanto il vostro indirizzo email faceva parte di passati indirizzari che abbiamo unito. Ci scusiamo per questa intrusione: per cancellarsi è sufficiente inviare una email a a.paolosyloslabini@gmail.com 


  1. La crisi del neoliberismo e della governabilità coatta di Gianni Ferrara
  1. Appello per la democrazia della nostra Costituzione: Settimana fiorentina per la Costituzione di Roberto Passini
  1. Una via costituzionale al “reddito minimo” per la piena e buona occupazione di Daniela Palma
  1. Uragani, terremoti, epidemie e crisi economiche di Francesco Sylos Labini
  1. Mettere in sicurezza la costituzione di Giovanni Bachelet
  1. Introduzione a “Saggio sulle Classi sociali” di Paolo Sylos Labini
  1. Correlazioni in libertà di Stefano Zapperi
  1. Le prospettive dell’economia mondiale di Paolo Sylos Labini
  1. La paura del debito non fa più 90 di Guido Iodice e Daniela Palma
  1. Le origini culturali della crisi di Alessandro Roncaglia
  1. Un paese a civiltà limitata: Neri Marcorè interpreta Sylos Labini in uno spettacolo a cura di Cristina Comencini
  1. Vivere di cultura? Si può, ma soprattutto si deve di Daniela Palma
  2.  Per un capitalismo sostenibile di Giorgio Ruffolo e Stefano Sylos Labini
  3.  Lavoro, ripartiamo da Massimo D’Antona di Francesco Sinopoli e Andrea Ranieri

More information at the Association website.  


  1. Study of Income Inequality in Canada—What Can Be Done, Presentation to the House of Commons Standing Committee on Finance, by Armine Yalnizyan

The CCPA is proud to co-sponsor a very exciting event! On Friday, June 14th in Ottawa, Pulitzer Prize-winning reporter and writer Chris Hedges will be joining us to discuss his new book Days of Destruction, Days of Revolt. In this book, Hedges and co-author Joe Sacco travel to the depressed pockets of the United States to report on recession-era America. What they find is a thriving neofeudalism. With extraordinary on-the-ground reportage, Days provides a terrifying glimpse of a future for America and the nations that follow its lead - a future that will be avoided with nothing short of revolution.


  1. When: Friday, June 14th at 7:00pm
  2. Where: Southminster United Church, 5 Aylmer Ave (Old Ottawa South)
  3. Tickets: $10 in advance, $15 at the door. Tickets can be purchased online at http://www.octopusbooks.ca ($1 surcharge per online ticket).

Economic Policy Institute

  1. Broadening the tax base and raising top rates are complements, not substitutes: 1986-style tax reform is a flawed template, by Andrew Fieldhouse 
  2. In recession’s wake, many young adults out of work and out of school, by Heidi Shierholz
  3. Financial Security of Elderly Americans at Risk, by Elise Gould and David Cooper 

Global Labour Column

  1. Gender and TU Database--A Basis for Change?, by Carol Tess
  2. The ECB's misleading visualisation of the euro-crisis, by Carlo D’Ippoliti


Featured Articles

  1. The Systemic Crisis of the Euro – True causes and effective therapies, by Heiner Flassbeck and Costas Lapavitsas
  2. Fragile Foundations: Foreign capital and growth after liberalization, by C.P. Chandrasekhar
  3. The Business of News in the Age of the Internet, by C.P. Chandrasekhar

Featured Themes: Re-regulating Finance

  1. Further Reflections from a Reforming Indian Central Banker. by Andrew Cornford
  2. Capital Account Regulations and the Trading System: A compatibility review, Edited by: Kevin P. Gallagher


  1. A New Political Regime Post-2010 in Sri Lanka: A hybrid regime, by Laksiri Jayasuria
  2. Liberal Capitalism, Conniving Capitalism and Lumpen Development: The case of Egypt, by Samir Amin

News Analysis

  1. More of the Same, Just Prettier, by Gabriele Köhler
  2. Poor Empiricism: The ‘Middle Income Trap’, by C. P. Chandrasekhar
  3. The Bursting of the Asian Housing Bubble, by C.P. Chandrasekhar & Jayati Ghosh
  4. Redistributing Regulatory Power, by C. P. Chandrasekhar
  5. Why Has This Recession Not Produced a Price Deflation? , by Prabhat Patnaik
  6. Bangladesh Garments: Global chain of profit and deprivation, by Anu Muhammad

Levy News

  1. The New Rome: The EU and the Pillage of the Indebted Countries, C. J. Polychroniou. Policy Note 2013/5, May 2013.
  1. The Economic Crisis of 2008 and the Added Worker Effect in Transition Countries, Tamar Khitarishvili. Working Paper No. 765, May 2013
  2. Modeling the Housing Market in OECD Countries, Philip Arestis and Rosa Ana González. Working Paper No. 764, May 2013
  3. The Problem of Excess Reserves, Then and Now, Walker F. Todd. Working Paper No. 763, May 2013

World Economics Association News

One minute needed

  1. Today the WEA Young Economists Network  (YEN) is one month old.  This “closed” Facebook group already has 494 members.  Amazing, but only the beginning.  YEN wants to enable grassroots organizing by young economists who dream of reforming our discipline and of finding rewarding careers within it.  This requires worldwide sharing of information, strategies, networks, optimism and moral support.  The larger the network becomes, the stronger it will be.  You don’t have to be young to join it, only willing to support the self-led initiatives of WEA young economists.   In either case, young or not, please consider the possibility of clicking HERE now and giving the one minute it takes to join YEN.

Volunteers needed

  1. The WEA is in the initial stages of setting up a global network of national chapters. Each country will have a website maintained by a small team of local volunteers.   20 such sites are now under construction.  To these we would like next to add the United States and the United Kingdom.   But first we need volunteers to run them.  No special IT skills are required.  If interested, email nationalchapters@worldeconomicsassociation.org

Donations needed

  1. The WEA, whose activities as you can see are expanding, is not funded by billionaires.  Instead it depends on small donations from its members and other users.  PLEASE HELP by donating here

Heterodox Books and Book Series

Capitalist Development in India's Informal Economy

By Elisabetta Basile

Routledge, April 2013. ISBN: 978-0-415-64268-2 | Website

This book explores the economy and society of Provincial India in the post-Green Revolution period. It argues that the low 'quality' of capital development in India's villages and small towns is the joint outcome of the informal economic organisation, that is strongly biased in favour of capital, and of the complex stratification of the workforce along class and caste lines.

Consistency and Viability of Capitalist Economic Systems

By John Marangos

May 2013, Palgrave MacMillan. ISBN: 9780230110601  (hb) | Website

The ultimate survival of an economic system depends on whether or not the interrelationships between its institutions and its members are consistent with each other. Consistency and Viability of Capitalist Economic Systems develops an original analytical framework to understand the relationship between the economic, political, and ideological structures, the external environment, and the process of reform that give rise to certain economic systems by establishing consistency. Consistency, however, is not enough; a consistent economic system must be flexible and have the internal mechanisms to be able to adapt to changes in social reality, thus making possible its survival over time. In other words, the economic system is viable when it is able to encourage increases in labor productivity and there is popular support. Thus the economic system, in its broad social science context, must be both consistent and viable. Economic systems examined in this text are the capitalist economics systems of Great Britain, Japan, European Union and Sweden.

Employment Guarantee Schemes: Job creation and Policy in Developing Countries and Emerging Markets

Edited by Michael Murray and Mathew Forstater

Palgrave Macmillan, May 2013. ISBN: 978-1-137-32477-1, ISBN10: 1-137-32477-5 | Website

Most of the scholarship on the Job Guarantee up to now has been in the context of industrialized nations such as the United States and Australia. Employment Guarantee Schemes directs attention to challenges and opportunities of enacting direct job creation policies in developing countries and BRICS, including China, Ghana, Argentina, and India. This book also investigates how the Job Guarantee might interface with other policy goals, such as environmental sustainability. Eschewing narrow individualistic and economistic approaches, these interdisciplinary, historical, and comparative studies delve deeper into how both unemployment and true full employment can affect community.

Finance in an Age of Austerity

By Johnston Birchall

Edward Elgar, 2013.  ISBN:  978 1 78195 183 5 (hb) | Website

This is a book in search of an alternative to the discredited investor-owned banks that have brought the rich countries into crisis and the world economy into a long period of austerity.

It finds customer-owned banks - credit unions, co-operative banks, building societies - have hardly been affected by the crisis and continue to operate according to their organisational DNA: low-risk, close to the customer, underpinned by real savings, and still lending to SMEs to protect jobs and local economies. They are big business - in some countries with over 40% of the market - but networked in smaller, democratic societies whose origins go back to 1850s Germany.

The book explores their history and current situation, measures the impact of the banking crisis, makes a systematic study of their advantages, compares them to alternatives (savings banks and micro-finance institutions), and investigates their supervision and governance structures. It provides hard evidence for the superiority of customer-owned banks.

Finance in an Age of Austerity will appeal to public policy analysts and political commentators, academics and students interested in current issues concerning banking regulation, supervision and governance. Social commentators and campaigners concerned with providing an ethical alternative to 'casino capitalism' and social economists wanting to develop a critique of the investor-owned banking system will also find this book invaluable. It will be essential reading for banking specialists interested in broadening their understanding of a hidden sector that, since the crisis, has become much more significant.

Fortunes of Feminism: From State-Managed Capitalism to Neoliberal Crisis

by Nancy Fraser

2013. Verso Books. ISBN: 9781844679843 (pb) | website 

Nancy Fraser’s major new book traces the feminist movement’s evolution since the 1970s and anticipates a new—radical and egalitarian—phase of feminist thought and action.

During the ferment of the New Left, “Second Wave” feminism emerged as a struggle for women’s liberation and took its place alongside other radical movements that were questioning core features of capitalist society. But feminism’s subsequent immersion in identity politics coincided with a decline in its utopian energies and the rise of neoliberalism. Now, foreseeing a revival in the movement, Fraser argues for a reinvigorated feminist radicalism able to address the global economic crisis. Feminism can be a force working in concert with other egalitarian movements in the struggle to bring the economy under democratic control, while building on the visionary potential of the earlier waves of women’s liberation. This powerful new account is set to become a landmark of feminist thought.

The Heretic's Guide to Global Finance: Hacking the Future of Money

By Brett Scott

Pluto Press, May 2013. ISBN: 9780745333502 (pb) | Website

Popular anger against the financial system has never been higher, yet the practical workings of the system remain opaque to many people. The Heretic's Guide to Global Finance aims to bridge the gap between protest slogans and practical proposals for reform.

Brett Scott is a campaigner and former derivatives broker who has a unique understanding of life inside and outside the financial sector. He builds up a framework for approaching it based on the three principles of 'Exploring', 'Jamming' and 'Building', offering a practical guide for those who wish to deepen their understanding of, and access to, the inner workings of financial institutions.

Scott covers aspects frequently overlooked, such as the cultural dimensions of the financial system, and considers major issues such as agricultural speculation, carbon markets and tar-sands financing. Crucially, it also showcases the growing alternative finance movement, showing how everyday people can get involved in building a new, democratic, financial system.

Human Progress Amid Resistance to Change

By Joseph E. Pluta

2011, FriesenPress. ISBN: 978-1-77067-404-2 (pb) | website 

Using the evolutionary framework, Human Progress Amid Resistance to Change argues that all cultures since prehistory have faced two opposing forces: technology, including human knowledge, and institutions rooted in ceremonialism. The former is dynamic, forward looking, accepting of change, cumulative (one discovery builds on another), and the major cause of human progress. The latter is static and consists of all customs, traditions, superstitions, rituals, ceremonies, taboos, and past binding religious beliefs that resist change. The book illustrates in detail how these competing forces have interacted throughout the history of the human race and how mainstream economics fails to grasp the significance of their combined effects

The Post-Human Society: Elemental Contours of the Aesthetic Economy of the United States

By Rajani Kanth

Seattle: CreateSpace, May 2013.  ISBN: 1490315403 | Website

THE POST-HUMAN SOCIETY is a Path-breaking attempt at a 'culture-critique' of the world's most dominant societal formation: a passionate, literary, ethically and aesthetically inclined, appraisal of the USA. Liberally utilizing a vibrant, sparkling, First-Person Narrative, cartwheeling freely across all conventional disciplinary boundaries, it renders a lyrical expose of all the internal ephemera - social, political, aesthetic - of the only Hegemon left standing on this Planet. Chapter by Chapter, every segment of US societal life is unravelled, with its internal 'geist' fully laid bare - as if with a scalpel. The Book carries a Foreword by noted UK Scholar, Professor John Hobson of the University of Sheffield.

Heterodox Graduate Programs, Scholarships, and Grants

University of Leuven, Belgium

We have one opening for a PhD student at the Geography Department of the University of Leuven (30 minutes from Brussels). We are planning to fill this positions by September. It is open to a Chinese & English speaking candidate. The position is also open to non-geographers (but see the conditions below). Please share these with your recent graduates as well as with talented students planning to finish this summer.

The Real Estate/Financial Complex: The cases of Mainland China and Hong Kong

Funded by the European Research Council.

Details can be found here.

Many thanks,


Manuel B. Aalbers, Ph.D.

University of Leuven

Department of Geography

Celestijnenlaan 200e -- bus 2409

3001  Heverlee


Heterodox Economics in the Media

Latin America playing a risky game by welcoming in the Chinese dragon

Kevin P. Gallagher (GDAE) in The Guardian, May 30, 2013

Time for the US to rethink its LatAm strategy

Kevin P. Gallagher, beyondbrics in The Financial Times, May 31, 2013

Queries from Heterodox Economists

Research Collaboration on Economic Fraud in Africa/Global South

Dear colleagues,

In the past few years I have worked on economic fraud in Uganda and published about this topic and fraud in neoliberal societies more generally:

  1. The Neoliberal Harvest: Routine Economic Fraud. Truthout
  2. The neoliberal harvest: the proliferation and normalisation of economic fraud in a market society. In: Winlow, S. and Atkinson, R., eds. New directions in crime and deviancy, London: Routledge.
  3. Fake capitalism? The dynamics of neoliberal moral restructuring and pseudo-development: the case of Uganda. ROAPE

In the coming years, I would like to do more collaborative research work on economic/corporate fraud (including economic crime, ‘malpractice’, market manipulations) and anti-fraud measures in Africa and the Global South more generally. I am writing this email because I would like to get in contact with scholars who are working and/or would like to work on the topic of fraud/anti-fraud with view to doing panels and research proposals together. If you are interested or know somebody who perhaps would, please get in touch (j.wiegratz@leeds.ac.uk).

I am particularly interested in the political economy and moral economy of fraud (and related aspects of politics, economic sociology, economic anthropology etc.). I am also interested in anti-economic-fraud measures by the state and/or other social actors. Perhaps one could also include case studies from the Global North, but the key purpose is to move forward the study of economic fraud in the South.



Dr. Jörg Wiegratz

Lecturer in Political Economy of Global Development

School of Politics and International Studies (POLIS)

University of Leeds


0113 343 9205


Translation Requests (German to English)

Ingo Elbe’s Marx im Westen

Ingo Elbe’s Marx im Westen is the authoritative theoretical history of West German Marxist Theory providing a brilliant and lucid account of the intricacies of the debates over Marx’s theory of Value, the State Derivation debate and Revolutionary Theory. The work is therefore essential for understanding the work of German theorists who have been translated in the Anglophone world such as Michael Heinrich and Heide Gerstenberger as well as the influence these debates had on the Anglophone work of the CSE, Open Marxism, Value-Form Theory and Political Marxism.  Unfortunately, such authority also comes at a price: the book’s length has prohibited any press from being able to translate it. This is why I am soliciting volunteers to translate selections from Marx im Westen in order to make it available to the English reading public.

Those willing and able to contribute to such a project please contact: theresonlyonechrisokane@gmail.com

From Chris O'Kane:

Gossen's "Entwickelung der Gesetze des menschlichen Verkehrs

Greetings from Paris. I consider today as the right day to ask you for support in publishing an English student edition of Gossen's "Entwickelung der Gesetze des menschlichen Verkehrs ..."

As you probably know Hermann Heinrich Gossen was the first great Marginalist anticipating the 1870s marginal revolution. Gossen in his preface explains his findings which he had named "The Theory of Pleasure" as comparable in importance to the heliocentric theory in Astronomy of Nicolas Copernicus. Gossen considered himself as the Copernicus of the social sciences. Gossen's improvements of the labour theory of value are indeed incredible. On the other hand he was clearly the first neo-liberal who totally ignored the consequences of exploitation of labour and the concentration of wealth.  However, his book is of greatest use for the student as it contains very nice micro-economic analysis of labour values and at the same time Gossen commits all the terrible errors of neo-liberal orthodox economics. And his condemnations of the Socialists and Communists are fabulous! It is for this reason that I intend to create an Open Journal System Journal of Economics with the title "The 'Gossen' Critique. A Marxian Journal of Economics".

I am preparing a 6th German edition of his book and have the book as a Word document. I am looking for collaborators for the translation of the text for the English edition. It exists already an English edition from the MIT of 1983, but that one is extremely expensive and not accessible to students. This is because of its labour theoretical contents! which is just swept under the carpet.

Finally I would like to invite you all to have a toast with me on the 470th anniversary of the death of Gossen's idol, Nicolas Copernicus! Copernicus' spirit shall never die!

Proletarians of All Countries Unite in Order to Control Capital!

Le Copernic, Paris XVI

Best regards,

Klaus Hagendorf



SSRN Author Page

Call for Support

Support Heterodox Options within the New Learning Standards Framework

Below is a message from Peter Kriesler (Australian Society of Heterodox Economists)

The New Learning Standards Framework is being developed for Economics. Most of the suggestions I received were that SHE members should attend as many  of the consultation sessions as possible, and make comments etc.—challenge the inclusion of mainstream economics and the exclusion of heterodox economics. So we urge as many heterodox economists as possible to participate as fully as possible in this process and to make their voices heard. I have attached the current version of the Standards and the time, dates and locations of consultations. The response of the  Association for Heterodox Economists to the UK attempt can be found here:

  1. A letter to the QAA Subject Benchmarking Committee for Economics (2006)
  2. UK Research Assessment Exercise and Heterodox Economics


The information below is of particular relevance to the Australian project, and is important to understand for the future of heterodox economics in Australia.


Support Heterodox Options within the New Learning Standards Framework


The new Commonwealth legislation requires all universities (faculties, departments) to demonstrate the quality of their programs by a process of benchmarking.  One method of benchmarking will be against the new Learning Standards that are progressively being developed for various disciplines (not just Economics).  But other reputable methods are also possible.  These could include benchmarking against overseas programs or meeting the needs of employers. The key point is that what is mandatory is benchmarking, not the Learning Standards themselves.


However, the easiest course for most departments will be to benchmark against the Learning Standards, rather than go through the work of creating some alternative benchmark.  For departments with heterodox programs or elements, this can only occur if the Learning Standards (LS) allow sufficient room for diversity in approach and offerings.


The current draft LS document accepts that allowing for diversity is an important principle among others.  Even for the orthodox it would be unwise to straightjacket programs for the next 10 to 20 years in ways that prevented new offerings, specialities or programs in response to new theories or world conditions, for example. The important issue is how the diversity principle is handled in the final document -- whether it is narrowly or generously interpreted.


It is thus very important for those supportive of, or sympathetic to, non-orthodox approaches to attend the meetings being held at various universities to discuss and gain feedback on the draft document.  These consultative meetings have just started in WA, but continue later this week and throughout June across the country.  Dates, times and locations, are attached.


Strong endorsement of, and insistence on, diversity from the grassroots will be important in the committee’s further modifications of the LS document. If it does not hear strong support for diversity from its presentations across the country, it will be much easier for conservative voices to accept the principle of diversity but to constrain its scope.


All SHE members are strongly encouraged to attend these seminars, and to speak up in favour of a diversity of approaches/schools of thought in the teaching of economics.  Even if the presentation declares diversity is important to the committee, it is still important to voice firm endorsement of the idea as well as its broad inclusive interpretation.

See also

  1. Economics Learning Standards for Australian Higher Education
  2. Consultation on Economics Learning Standards

Support Monthly Review

Dear Friend of Monthly Review,

Back in 1994 I had the privilege of interviewing Noam Chomsky on the state of the news media in the United States. “I hear from friends all the time,” he told me, “that because of the Internet they are going to stop subscribing to left publications because they can find anything and everything for free online.” Chomsky found the position preposterous, and worried about the future of progressive media if their stalwart supporters abandoned them. If left media went under, the Internet would certainly not be able to offer “anything and everything” online.

I have spent much of my time since that interview writing about the digital communication revolution and how it affects our journalism, culture, capitalism and politics. You have seen much of that work in the pages of Monthly Review.

One of the surprising developments of the digital era has been that it is in certain respects more of an information desert than it is an information rainforest. No, I do not mean there is not an infinite amount of material online, or that a person cannot find material with relative ease that a generation ago would have been all but impossible to access, even for a billionaire. That’s true. But as my work demonstrates, we should not take these privileges for granted; they are under attack by telecommunication cartel of AT&T, Verizon and Comcast, media conglomerates, homegrown monopolies like Microsoft, Google, Apple and Amazon, corporate marketers, and a national security state that in combination are doing their level best to make the Internet their private fiefdom. We are in a series of pitched battles right now to protect what is most democratic about the Internet.

This is a broad social problem, affecting all media, and it is going to require a political solution. All over the world progressives and socialists are struggling to create independent community media with real resources, free of wealthy domination and corporate control. I do not think it is an exaggeration that the fate of the left and of democracy are directly tied to our ability to create such a communication system, one that provides the basis for self-government.

The bad news is that this is a long-term, existential struggle and here in the United States we are going up against the most powerful corporations in the world. And these corporations own the politicians in both major political parties.

The good news is that you do not need to wait for major political changes to support independent media. In fact, if you do not support independent media, you will be undercutting the possibility of major political changes. You are holding on to that lifeline right now, when you subscribe to and read Monthly Review, read MR Press books. You know that the material we generate at Monthly Review is not garden-variety material you can find in the corporate media. If there is one thing that has become ever clearer to me in this period of continued economic crisis it is how desperately the MR critique and the MR viewpoint need to be spread far and wide. It is unique, and uniquely valuable. Monthly Review provides original cutting edge analysis in every issue, and at least three or four times a year Monthly Review produces the sort of articles that are astonishing and can be found nowhere else.

There is more good news. The digital revolution is making it possible for Monthly Review and MR Press to become much more efficient and dramatically increase their visibility. A little money can go a very long way. To put it another way, this technology can be a terrific opportunity—or our death knell.

This is why we need your support at this critical time. Yes, we need the money just to keep our doors open and pay our bills. But we also need the money so we can catapult Monthly Review deep in the 21st century. We have an opportunity, and we have a plan.

There are two main areas that we continue to develop:

First, we are working to convert the entire Monthly Review archive into a searchable database of individual articles. What this means is that typing a simple phrase into your search engine will bring up specific references to MR articles wherever they have appeared in the past sixty-four years. You will also be able to search the database by author, article title, and subject. This, in turn, makes it a powerful tool for students, researchers, journalists, and ordinary readers looking for alternatives to the “content” of accepted economic wisdom. And it strengthens and extends Monthly Review’s educational role at a time when people are anxious and eager for those very alternatives. Converting our archive has required a massive effort to achieve, one that publishers many times our size have simply outsourced. But while such “packagers” do all the work, they also take a substantial portion of the profits—something that a small, non-commercial publisher like Monthly Review simply cannot afford to let happen. We need your help.

Second, we are greatly expanding the number of MR Press titles that are available as ebooks. Many large publishers have the luxury of converting their entire back lists to ebooks in one effort—and to realize the financial benefits accordingly. But for a small non-commercial press, this is impossible for us to achieve. For the last two years, we have been simultaneously publishing all new MR Press titles as ebooks and in print, but financial barriers prevent us from converting older books. Many of you remember a few years ago when the late Venezuelan president Hugo Chávez gave President Obama a copy of Open Veins of Latin America. If MR Press had ready an ebook version of Open Veins, we could have sold thousands of copies in the storm of publicity that followed. But that wasn’t the case. Right now, ebook sales account for less than 5 percent of our total sales but it has the potential to be much more. We need your help.

Imagine Monthly Review with full digital capacity. That’s my kind of digital revolution!

But there is no room for illusions. Monthly Review exists because there is a community that values its content outside of the “values” of the so-called “free market” monopolized global information prison. Making our content available in digital format for the coming generation will never be a path to financial security exclusively. Rather it is a political obligation that goes to the reason Monthly Review exists. In fact, we are proceeding in the face of a sharp financial problem.

We have no support other than yours. Please click this link to make an online donation or write, as you have in the past, a generous check and mail it to the address below. Monthly Review has no endowment. We rely on your contributions for our survival. Now we are asking for an extra effort. A relatively small amount of money can have a massive political impact on the web if it is deployed strategically.

You hold the future of left media, of Monthly Review’s brand of radical politics, in your hands. This is an extraordinary opportunity. We are counting on you.

In Solidarity,

Robert W. McChesney

Our mailing address is:

Monthly Review

146 W. 29th Street, #6W

New York, NY 10001

For Your Information

Remembering Marianne Ferber (1923-2013)

On May 11, 2013, the world lost Marianne Ferber, pioneering feminist economist who was revered by many in the Association of Social Economists and the broader heterodox economics community. Professor Ferber was the recipient of the Thomas F. Divine Award in 2012 for her contribution to social economics. She helped tremendously to enrich and humanize economics, and she will be remembered for her spirit and her kindness as well as her scholarly innovations.

Click here for a portion of an interview with Professor Ferber from Engendering Economics, by Paulette I. Olson and Zohreh Emami (past president of the ASE). Another interview, by Mary C. King and Lisa F. Saunders and published in Review of Political Economy, can be found here (behind paywall).  For more remembrances, see Worthwhile Canadian Initiative (by Frances Woolley), Crooked Timber (by Ingrid Robeyns), and Lady Economist.

Source: ASE Blog

The Daniel Singer Prize

Daniel Singer believed in people taking control of their own lives and forging truly democratic institutions to introduce social and economic justice. He experienced the May–June 1968 explosion in France and the uprisings against oppressive regimes in Eastern Europe, writing “Prelude to Revolution” and the “Road to Gdansk” to chronicle the possibility of genuine popular revolution. A critic of Western capitalism and Eastern Stalinism, his analyses were based on deep knowledge, a biting sarcasm, and a thorough dislike of banal rhetoric. His final work “Whose Millennium: Theirs or Ours” combined his inspiring hopes with an astonishing ability to dissect the workings of power.

The Daniel Singer Foundation is seeking an original essay of no more than 5000 words to address some aspect of the current scene in the spirit that Singer exemplified. The winning essay will receive a prize of $2,500, and may be submitted in English, Spanish or French. The essays will be judged by an international panel of distinguished scholars and activists, and the winner will be announced in December 2013.

Essays can be sent either by post or e-mail (preferred) to: The Daniel Singer Millennium Prize Foundation, PO Box 2371, El Cerrito, CA 94530 USA; danielsingerfdn@gmail.com.

Submissions must be received by August 31, 2013.

2013 Mark Blaug Prize

The 2013 Mark Blaug Prize in Philosophy and Economics was awarded to Reinhard Schumacher (University of Potsdam) for his article:

‘Adam Smith’s theory of absolute advantage and the use of doxography in the history of economics’ [Linked here]

Praise from the judges

This article is good history, but it is much more. It provides an excellent historical discussion of Adam Smith's theory of international trade, but it also critically examines various approaches to the historiography of economics, shows how modern textbooks present historical ideas in a doxographical way, and emphasizes the general richness and complexity of Adam Smith's ideas. All three of these issues made frequent appearances in Mark Blaug's work. I think he would be quite pleased to have this paper receive the award that bears his name. - D. Wade Hands

I learned from this paper something I can use – and indeed watch out for in my own ventures in the intellectual history of economics. - Deirdre McCloskey

About the Prize

The Mark Blaug Prize is intended to promote and reward the work of Young Scholars in philosophy and economics. It is named in honour of Professor Mark Blaug (1927-2011), a founder of the field of philosophy and economics whose generosity and commitment to Young Scholars was recognized by all who knew him. For details of the prize and how to enter, visit the EJPE website: http://ejpe.org/