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Issue-9 March 23, 2005

From the Editor

There has been some question whether I made it out alive from Dublin after giving a paper on economic sociology and heterodox economics—well I did but barely. My talk was received with a bit of skepticism and a good deal of honest and interesting discussion. Consequently the next time I give the paper it will be a lot better. In this Newsletter, there are some new calls for papers and announcements of summer schools—such as the summer school on economic development at Cambridge. You should also note the seminar on Kalecki at SOAS. And then there is the call for participants for the conference on radical economics and the labor movement in the 20th century. Also check out the new books: the history of thought book by Alessandro Roncaglia is my favorite because he taught me the history of economic thought when I was a graduate student. And then there is a new edition of Understanding Capitalism. Finally there is a new institute at the University of Lancaster headed up by Steve Fleetwood and Bob Jessop—it is heterodox in orientation, so check it out.

 Fred Lee




In this issue:

- Call for Papers

            - The Fifth Cambridge Advanced Programme on Rethinking Development Economics
            - The Research Network Alternative Macroeconomic Policies
            - European Association for Evolutionary Political Economy (EAEPE)
            - Association for Social Economics, Call for Papers, Annual A.S.S.A. Meetings, Boston, Massachusetts, January 5 – 8, 2006
            - Union for Radical Political Economists, Boston, Massachusetts January 5-8, 2006
            - Joint Session with URPE and IAFFE

Conferences, Seminars and Lectures

           - Participants for Conference on Radical Economics and the Labor Movement
           - School of Oriental and African Studies-Seminar on Kalecki
           - The Institute for Industrial Development Policy- Summer School
           - RIN – Roskilde Institutionalist Network- Workshop
           - International Summer School on Institutional Economics with the theme: “Institutional Economics in the 21st Century”- AFEE Summer School
           - STOREP Summer School on the History of Political Economy: The Historical Roots of Heterodox Economics
           - Capacity Building and Knowledge Networking on Gender, Macroeconomics and International Economics: 2 weeks course
           - A Cornell Special Summer School Session

- Heterodox Job Postings


 - Heterodox Journals and Newspapers

            - Economic Sociology: European Electronic Newsletter

- Heterodox Books and Book Series      

            - "Advances in Heterodox Economics”, Series editor: Frederic Lee
            - The Wealth of Ideas: A History of Economic Thought, by A. Roncaglia
            - New Books from Pluto Press
            - Understanding Capitalism, by S. Bowles, R. Edwards, and F.Roosevelt
            - The Price of Water by Stephen Merrett

- Heterodox Graduate Schools

            - The Department of Economics and International Development at the University of Bath- PhD Scholarship
            - University of Western Sydney- PhD Scholarship

- Heterodox Associations and Institutes

             - Lancaster Institute of Advanced Studies and the Inaugural Research Programme

- Heterodox Websites

            -Talking Economics Bulletin - March 2005

- Heterodox Announcements

             - Tufts Institute Awards Economics Prize to Columbia’s Richard Nelson, Cambridge University’s Ha-Joon Chang
             - New Discussion: Basic Income for Canada


Call for Papers

The Fifth Cambridge Advanced Programme on Rethinking Development Economics

Hosted by Development Studies Committee,
University of Cambridge
with support from the Ford Foundation
14 July – 30 July, 2005
Queens’ College, Cambridge, England

The programme is mainly intended for young academics. This year’s lecturers whose participation is confirmed are, in alphabetical order, Ha-Joon Chang (Cambridge), Andrea Cornia (Firenze), Michael Ellman (Amsterdam), Diane Elson (Essex), Shailaja Fennell (Cambridge), Ben Fine (SOAS), Ilene Grabel (Denver), Jomo, S.K. (Assistant-Secretary General, UN), Martin Khor (Third World Network), Sanjaya Lall (Oxford), Deepak Nayaar (Delhi), Jose Antonio Ocampo (Under-Secretary General), Peter Nolan (Cambridge), Gabriel Palma (Cambridge), Erik Reinert (The Other Canon Foundation), John Sender (SOAS), Ajit Singh, (Cambridge), Howard Stein (Michigan), Lance Taylor (New School), and John Toye (Oxford). Participation by Barbara Harris-White (Oxford) is to be confirmed.

Applications, including a CV, transcripts, and a letter of recommendation, should be received by Dr. Ha-Joon Chang, Course Director, CAPORDE, Development Studies Committee, 17 Mill Lane, Cambridge CB2 1RX, United Kingdom, by 25 April. Please note that we are not able to accept any faxed or electronic documents, with the possible exception of the letter of recommendation. For the details, please refer to the pages sent out with this poster. Please contact Dr. Chang, through e-mail if possible, at for further inquiries.

For detailed information: Cambridge.doc

The Research Network Alternative Macroeconomic Policies

The Research Network Alternative Macroeconomic Policies is currently preparing its 9th conference in cooperation with the Post Keynesian Economic Study Group and the Association pour le Développement des Études Keynésiennes. The conference will be on Macroeconomics and Macroeconomic Policies - Alternatives to the Orthodoxy and it will take place in Berlin, 28 - 29 October 2005 (see the attached call for papers). The conference is intended to contribute to an improvement of European heterodox networking in macroeconomics. But non-Europeans are of course also invited to submit papers. On the one hand, the state of heterodox macroeconomics shall be discussed. On the other hand, perspectives for European economic policies will be debated.

The submission of papers and sessions (3 papers) in the following areas is encouraged:
• Alternatives to the new consensus approach to macroeconomics
• Theories of monetary policy and monetary policies of the ECB
• Theories of fiscal policies and fiscal policies in the EMU
• Theories of wage policies and wage policies in the EMU
• The Maastricht Regime and its effects on the EMU and on specific countries
• EU enlargement under the conditions of the Maastricht regime
• What can European policy makers learn from economic history?
• Alternatives to the Maastricht regime and its elements (ECB-strategy, Stability and Growth Pact)
• Comparisons of European macroeconomic policies to other countries
The deadline for submissions is 15 June 2005. Please send short abstracts to: PD Dr. Eckhard Hein (
Scientific Committee: Prof. Philip Arestis (Cambridge), Dr. Giuseppe Fontana (Leeds), Prof. Claude Gnos (Dijon), PD Dr. Eckhard Hein (Duesseldorf), Prof. Arne Heise (Hamburg), Prof. Edwin Le Heron (Bordeaux), Dr. Achim Truger (Duesseldorf)

There are no conference fees. Meals will be covered by the Hans Boeckler Foundation. Participants have to cover their travelling and hotel costs. Letters of acceptance will be sent out in early August. Accepted papers can be posted on the conference website in early October.

Eckhard Hein

PD Dr. Eckhard Hein
IMK in der Hans Boeckler Stiftung
Hans-Boeckler-Straße 39
40476 Duesseldorf

Tel.: ++49-211-7778-215
Fax: ++49-211-7778-4-215

European Association for Evolutionary Political Economy (EAEPE)

A Pluralistic Forum- Call for Papers

Announcing the 17th EAEPE Annual Conference
EAEPE 2005 Conference
November, 10-12, 2005

A New Deal for the New Economy?
Global and Local Developments,and New Institutional Arrangements

For further information please visit the EAEPE website (
contact the local organizers:

Wolfram Elsner at: and Rebecca Schmitt

For detailed information: EAEPE_Bremen_2005_Call_for_Papers_2_05.doc


Coordinator: Paolo Ramazzotti:
For detailed information: Research C.doc

Coordinator: Esther-Mirjam Sent:
For detailed Information: Research T.doc

Guest session: Workshop on Effective Demand, Income Distribution and Growth
In Memory of the Life and Work of Richard M. Goodwin
Organized by Michael Landesmann and Peter Flaschel:

Organized by Michael Landesmann and Peter Flaschel in connection with the 17th EAEPE Annual Conference in Bremen, November 10 – 12.

Aim of the workshop: Forum for new contributions related to the work of Richard M. Goodwin (1913 -- 1996), a pioneer in the field of dynamic economic modeling of Classical, Keynesian and Schumpeterian dynamics.

Deadline for the submission of abstracts (100-200 words): April 15, 2005
Registration and registration fees: According to the guidelines of the EAEPE conference
Paper submission: September 30, 2005

The organizers plan a Special Issue of the Journal ‘Structural Change and Economic Dynamics’ to appear in 2006, the year of the tenth anniversary of Richard Goodwin’s death and an edited volume of a larger collection of the workshop papers.

Abstracts and papers should be sent as PDF-files to the following email address: where also further information on the workshop can be obtained.

Coordinator: Maria Lissowskai :
Further information :
For detailed information: Research I.doc

Coordinator: Claude Serfati :
Further information:
For detailed information: Research H.doc

- Wolfram Elsner (local conference organizer) at
- Frank Moulaert (Research Area O Coordinator) at
For detailed information: Research O.doc

For further information on the EAEPE conference:

Association for Social Economics, Call for Papers, Annual A.S.S.A. Meetings, Boston, Massachusetts, January 5 – 8, 2006

THEME: Understanding Living Standards

The year 2006 marks the 100th anniversary of Monsignor John A. Ryan’s publication of A Living Wage: Its Ethical and Economic Aspects. Social economists such as Ryan have long fought for a decent standard of living, through paid work and welfare state supplements. Though best known for his advocacy of a living wage, Ryan has also argued for higher minimum wages, employee participation at work, reduced work hours, full employment policy, improved race relations, and other aspects of socioeconomic reform. The theme of papers for the 2006 meetings will be how economies across the globe come to understand what constitutes a living and how we can improve living standards, including balancing paid work with family life and civic responsibility. Possible sessions could include:

•An evaluation of the work of John A. Ryan and other social economists who address living standards
•Improved quantitative and qualitative measures of socioeconomic status and well-being
•The role of the public and private sectors in improving living standards
•Policy proposals to reduce work time, improve earnings, reduce inequality and discrimination, provide food and health security, enrich work life, alleviate underemployment, reconcile work and family, etc.

There will be an opening plenary session, seven other sessions, and a Presidential Address at the ASE breakfast by David George. Both members and nonmembers of the Association for Social Economics are invited to submit proposals. Also, anyone willing and able to organize a full session with three or four papers and discussants on an appropriate topic is encouraged to submit such a session for consideration.

A selection of papers presented at the sessions will be published in a forthcoming issue of the Forum for Social Economics. To be eligible for consideration, papers must be limited to 3,250 words of text with no more than three pages of endnotes and references. Three hard copies and one electronic copy of the final draft of the paper must be submitted to the Forum editor by January 20, 2006. Each paper will be sent to two referees.

Proposal Submission: A one-page abstract (including name, postal and e-mail address) should be submitted before the deadline of May 2, 2005. It is preferred that abstracts be sent by e-mail to

Deborah M. Figart
Dean of Graduate Studies and Professor of Economics
Richard Stockton College
P.O. Box 195, Jim Leeds Road
Pomona, NJ 08240-0195 USA

Union for Radical Political Economists, Boston, Massachusetts January 5-8, 2006

URPE invites proposals for individual papers and complete sessions for the URPE at ASSA annual meeting. URPE welcomes proposals on radical political economic theory and applied analysis from a wide variety of theoretical traditions.

The deadline for proposed papers and sessions is May 1, 2005.

Proposals for complete sessions should include the session title, a brief description of each paper, and the names, institutional affiliations, and email addresses of the chair, discussants, and presenters. Proposals for sessions should contain four papers. If you are proposing a complete session, please arrange to have discussants for your papers and a chair for your session. As the organizer of this session, you are responsible for conveying administrative information to session members, including confirmation that the session has been accepted, the time and location, and deadlines.

Proposals for individual papers should include the title, the abstract, and the author's name, institutional affiliation, and email. Individuals whose papers are accepted may also be expected to serve as a discussant for a different paper at the meetings. If you list the areas you prefer to discuss, all attempts will be made to match your preferences. Individual papers that are accepted will be assigned to sessions and each session will have an assigned organizer. It is the organizer's job to convey administrative information to session members, including confirmation that the session has been accepted, the time and location, and deadlines. URPE has no paid ASSA staff, so those presenting papers must share the burden of organizing.

We regret that high quality individual papers may be turned down due to the inability to place them in a session with papers with similar themes. For this reason, we strongly encourage proposals for full sessions. The number of sessions we can accept is limited by ASSA, and we regret that high quality sessions may be turned down as well.

Please note that the date, time, and location of sessions is assigned by ASSA, not URPE. You should receive word from URPE that your paper/session was accepted by mid-June. ASSA will not assign dates and times until much later in the summer.

Please note that at least one of the authors of any paper must be a member of URPE. Contact or 413-577-0806 for membership information. We will confirm membership for accepted proposals.

A completed copy of the Program Registration Form (see attached) is required with your submission. Submissions will NOT BE ACCEPTED BY EMAIL. Only applications received by the May 1 deadline will be considered.

If you have any questions, please contact one of the URPE at ASSA coordinators:
Robin Hahnel, American University:
Kristen Sheeran, St. Mary's College of MD:

Joint Session: URPE (Union of Radical Political Economics) and IAFFE (International Association for Feminist Economics panels)

A couple of joint URPE (Union of Radical Political Economics) and IAFFE (International association for feminist economics panels) will be organized for the ASSA meetings in Boston January 5-8, 2006. After some consultation with some IAFFE and URPE members the two topics below seem to generate the most interest:

Gender and transnational migration
Women and low wage work

If you have work in this area and are interested in participating on a panel, please send paper title, a brief abstract and your relevant information (affiliation, institution, address, phone, e-mail) by April 15th. The e-mail is Any work submitted should fall within the range of approaches employed by radical and/or feminist economists.

You can find more information about URPE at and more info about IAFFE at


Conferences, Seminars and Lectures

Participants for Conference on Radical Economics in the 20th Century: Radical Economics and the Labor Movement, September 15-17, 2005

University of Missouri-Kansas City
Kansas City, Missouri, U.S.A.

2005 will be the 100th anniversary of the founding of the Industrial Workers of the World, the most radical union in North America. To commemorate the anniversary, the Industrial Workers of the World (IWW) is hosting the conference on radical economics. The Conference theme is the role of radical economics in the labor movement in the United States and around the world. Radical economics includes but is not restricted to anarchism, Marxism, syndicalism, radical Institutionalism, left-wing Keynesianism, and plain old-fashion radical economics. Topics covered include syndicalism past and present, local organizing education, radical economics and democracy, industrial relations, labor, and Latin American workers, the economics of the IWW, and Sraffa and organized labor. There will also be a session on radical economics and the IWW in song and theater; and if possible a tour of labor struggles in Kansas City. Come participate in a conference that occurs only once every 100 years.

Information about the Conference including Registration Form which includes Accommodation information, Program, and local information, can be obtained at its web site:

School of Oriental and African Studies-Seminar on Kalecki
The following Economics seminars will be taking place at the School of Oriental and African Studies, Thornhaugh Street, Russell Square, London W.C.1.

Tuesday April 5 at 17.00 in Room G60. Tadeusz Kowalik (Polish Academy of Sciences) ‘The Political Economy of Oskar Lange and Michal Kalecki’
This is a rare first hand account of two leading figures in twentieth-century political economy. Tadeusz Kowalik studied with Lange and collaborated with Kalecki on Kalecki’s final paper re-assessing the Keynesian Revolution.
Tuesday April 19 at 17.00 in Room G60 Julio Lopez (UNAM Mexico City) ‘Financial Fragility and Financial Crisis in Mexico’
Julio Lopez is a Chilean economist who studied with Kalecki, and now teaches in Mexico.

The Institute for Industrial Development Policy- Summer School
The Institute for Industrial Development Policy (L’institute) - a joint venture between the Universities of Birmingham, Ferrara, and Wisconsin-Milwaukee - will hold its 8th L’institute-Ferrara Graduate School on Industrial Development Policy in Ferrara (Italy) between 4th September and 17th September 2005.

The aim of the School is to contribute to the creation of a multinational network of people thinking about, analysing and researching industrial development policy. To this end, the School aims to attract around 15 students from a variety of countries and research backgrounds.

The deadline for applications is 10th June 2005. Those applying to participate in the School must normally be registered for a Masters or PhD degree in a relevant discipline, or engaged in research activity at an equivalent level in a policy agency. Fluency in English (the language for teaching at the School) is also required.

Further details, including particulars and a downloadable application form can be found at

RIN – Roskilde Institutionalist Network Workshop
New Developments in Institutional Theory and the Analysis of Institutional Changes in Capitalism
Thursday 28 April – Friday 29 April 2005
Roskilde University, Denmark

For detailed information: RoskildeWorkshop.doc

International Summer School on Institutional Economics with the theme:
“Institutional Economics in the 21st Century”
- AFEE Summer School

The Association for Evolutionary Economics (AFEE) and the Department of Economics at Colorado State University Fort Collins, Colorado, USA are pleased to host the
International Summer School on Institutional Economics with the theme:“Institutional Economics in the 21st Century”
Date: August 10-14, 2005

The Association for Evolutionary Economics (AFEE) and the Department of Economics at Colorado State University are inviting students to apply to attend the Summer School program on Institutional Economics at Colorado State University, Fort Collins, Colorado, USA.
The Summer School will provide a rigorous training in both the theoretical and applied aspects of Institutional economic theory. It will also deal with the challenges that Institutional Economics face in the turn of the new century. Students will have the opportunity to interact with Faculty during the school sessions and in informal gatherings planned during the workshop. Plurality, debate and interaction will be the essential ingredients of the Summer School.
The program is being organized by Professors Ronnie Phillips and John Marangos at Colorado State University and the AFEE Graduate Education Committee.
Admission is open to graduate students and recent Ph.D.'s.
AFEE has offered to provide a number of scholarships that will cover student fees and room and board. A very limited number of competitive travel stipends will be offered on the basis of merit and need. They will cover only a portion of the costs of travel to and from the workshop.
Applicants should send as an email attachment to Professor John Marangos with the following material
1)Curriculum Vitae
2)A maximum 2-page statement of why you would like to attend the Summer School. Please indicate your familiarity with heterodox and Institutional Economics.
A committee will screen all applicants and notify participants no later than April 1.

Dr. John Marangos
Associate Professor
Department of Economics
Colorado State University
1771 Campus Delivery
Fort Collins, CO 80523-1771
Ph: (970) 491-6657
Fax: (970) 491-2925

Association for Evolutionary Economics online at
Colorado State University Economics Department online at


The Italian Association for the History of Political Economy (STOREP) in collaboration with the University of Padova is pleased to announce its First Postgraduate European Summer School in History of Political
Economy. The topic of this year is "The historical roots of heterodox economics".
The School will be held in Bressanone/Brixen, a small South Tyrol city located in the valley of Isarc river and surrounded by the beautiful Dolomiti mountains, from September 12th to September 21th 2005 at the
Accademia Cusano/Cusanus Akademie.

Classes include intensive lectures and seminars by:
Richard Arena (Idefi, University of Nice)
Anna Carabelli (University of Eastern Piedmont)
Marco Dardi (University of Firenze))
Massimo Egidi (University of Trento)
Pierre Garrouste (University of Paris1)
Bruna Ingrao (University of Roma, "La Sapienza")
Axel Leijonhufvud (UCLA and University of Trento)
Brian Loasby (University of Stirling)
Deirdre McCloskey (University of Illinois at Chicago)
Roberto Marchionatti (University of Torino)
Marcello Messori (University of Roma, Tor Vergata)
Margherita Turvani (IUAV, Venezia)
Jack Vromen (Rotterdam University)
Ulrich Witt (Max Planck Institute, Jena).

Students are expected to give talks on their dissertation. They can present dissertation projects,
first draft of dissertation chapters or newly completed papers. Private consultations with lecturers are also scheduled.
All information can be found at the following web address:

Salvatore Rizzello

Capacity Building and Knowledge Networking on Gender, Macroeconomics and International Economics: 2- week course

Dear Colleagues and Friends,

We are writing to announce the third cycle of our program, Capacity Building and Knowledge Networking on Gender, Macroeconomics and International Economics. A central component of the program is the two- week intensive course on Engendering Macroeconomics and International Economics. The course will take place in Salt Lake City, University of Utah in the United States from May 26- June 9, 2005. We are writing to solicit your support in disseminating information to potential applicants.

The program is being organized by the International Working Group on Gender, Macroeconomics and International Economics (GEM- IWG), an international network of economists which was formed in 1994. The program has two objectives: first, to engage with fellow economists in order to enhance capacity building for research, teaching, policy making and advocacy on gender equitable approaches to macroeconomics, international economics and globalization; and second, to increase knowledge networking on these themes by strengthening the intellectual links among practitioners in networks working on similar issues.

The program is intended for economists, including advanced graduate students in economics, as well as more senior academics, researchers and those in government. Up to 30 fellows will be admitted to the
program. The fellows of the program will be required, at a minimum, to have completed two years of study in an economics Ph.D. program and have passed their qualifying exams, or have its equivalent such as a
master's degree in economics. These requirements may be waived only under exceptional circumstances. Funding is available for up to 25 fellows. Priority will be given to applicants from the global South and transition economies.

Attached please find an application form as well as announcement on the details of the program, which consists of a self-study module, the intensive two-week course, and a public conference. We are certain that among the people in your network, some will be good candidates for this program. As the application deadline for the course is March 4, 2005, we ask that you kindly let them know about it and that you forward this announcement to organizations, research institutes and economics departments of universities. If applicable, we also ask that you kindly post this announcement in your organization's website or newsletter. You can find further information on our program at our website including information on the first and second cycles which were implemented during 2003 and 2004 respectively. If you have any questions, please contact us at or .

Thank you very much for your help with this initiative.


Nilufer Cagatay
Associate Professor of Economics, University of Utah
(on behalf of the coordinating instructors Diane Elson, Rania
Antonopoulos and Maria Floro )

For detailed information: advertisement.doc and application form.doc

A Cornell Special Summer School Session
For Undergraduate and Graduate Students Interested in Working in the Labor Movement
Co-sponsored by the AFL-CIO Center for Strategic Research
June 12-17, 2005 Ithaca, NY
Strategic Corporate Research:
Understanding and Researching Corporate Ownership Structure, Corporate Finance,and the Sources of Corporate Power
For detailed information: Cornell.pdf



Heterodox Job Postings


I sent out this announcement back in February. I just found out that we will also be hiring for a visiting assistant professor position as well. The application pool is still open, so anyone who was not interested in the lecturer position, but might be interested in the VAP, you should get you application packet in a soon as possible [this weekend would be
good]. It is very important to have your list of three references as well as your letter and vita.

The VAP will be a one year replacement for someone on leave. there is a very good chance he may stay on leave for two years. If so, it is likely he won't come back and the VAP would be almost assured of being converted to a tenure track position. The VAP will pay somewhere around $35,000.

If you decide to apply, send your application packet to Tom Trulove [address in ad below] but also let me know you have applied.

The Economics department at Eastern Washington University will behiring for a full-time lecturer position to start in the Fall 2005. This is not a tenure track position. HOWEVER, the last four tenure track hires started out as lecturers in the department. In fact, it seems to be the only way to get onto the tenure track.

The lecturer will teach three courses per quarter. The pay is pretty low,approximately $30,000, but the cost of living in Spokane is also low. You can buy a pretty nice house on this income.

Before you delete the rest of this message, you should know that the current department includes three heterodox economists, (four if you count someone who thinks of himself as a Post-Keynesian), and two of our traditionally neo-classical people are becoming so disillusioned that they are moving toward the heterodox more each day. So this would be an intellectually comfortable place for a heterodox person.

If you decide that you are interested in this position, you should send your materials to the Chair of the Department, listed in the JOE ad below. You should also let me know that you are applying. Since this is not a tenure track position we are being somewhat less structured in our search procedures. My email address is: <>

AF Any Field

The Economics Department at Eastern Washington University invites applications for a nontenure track Lecturer position to begin September 2005 subject to funding. Duties are primarily teaching with emphasis on introductory economics and the usual micro and macro principles courses.
Ability to teach other courses will also be considered. Required: masters degree in economics, preferred Ph.D. or ABD and successful teaching experience. Applicants should send a letter of interest, curriculum vita and list of 3 references. Screening of applications will continue until filled. The successful candidate will be required to show proof of
eligibility to work in the United States pursuant to U.S. immigration laws. An equal opportunity-affirmative action employer. CONTACT: W. T. Trulove, Chair, Department of Economics, 300 Patterson Hall, Eastern Washington University, Cheney, WA 99004-2431 (Fax 509-359-6732; email:

Heterodox Journals and Newspapers

Economic Sociology: European Electronic Newsletter

Dear reader,

In 2002, Daniel Miller wrote a critique of Michel Callon’s Laws of the Market; this critique, published in Economy and Society, raises a number of issues fundamental to economic sociology, yet a debate never ensued. The newsletter asked Michel Callon to write a response to Miller, and is pleased to publish it in the new issue, now available at (as always, the newsletter can be downloaded in its entirety in pdf-format, or html-versions of single articles can be printed from the website). In the mean time, Daniel Miller has agreed to follow up in the next issue.

In the article, Callon defends his highly debated performativity program, showing the complexity of market devices and describing the agencies involved in detail. In particular, he addresses the criticism that his program is weak and a-political: ‘I can understand why economic sociology and anthropology tend to concentrate on [entanglement] mechanisms. They are a godsend for scholars who feel that they are invested with the mission of rehabilitating social relations – values threatened by cold and inhuman economics.’ Yet, Callon writes, ‘That’s only half the story.’

Later in the newsletter, Patrik Aspers of Stockholm University argues that Callon’s program is empirically valid in exchange role markets (such as financial markets), but not so in fixed role markets (such as production markets studied by Harrison White). In another article, Mabel Berezin of Cornell University presents a typology that should help economic sociologists explore the path from feeling an emotion to action.

The newsletter is also starting with two new columns. First of all, each issue a leading scholar will answer ten questions about economic sociology in Europe. We are very pleased that Karin Knorr Cetina (University of Konstanz and the University of Chicago) has agreed to go first. In the second new column one scholar will recommends three recent books and articles in economic sociology. Richard Swedberg, who does not need introduction among economic sociologists, starts off. Apart from two book reviews (of Jens Beckert’s latest book on the sociology of inheritance and of Axel Paul’s book on the society of money), you will find, as usual, job ads, conference announcements and calls for papers in this newsletter.

In the mean time, the newsletter is about to celebrate its 1000th subscriber. The distribution list is rapidly growing: since July last year, 134 new subscribers have been added. The Cologne-based Max Planck Institute for the Study of Societies, that is hosting the newsletter, is gratefully acknowledged for making this possible.

As always, articles, announcements, book reviews and conference reports can be submitted by email. The deadline for the next issue is May 15th. (Link to Newsletter)

Olav Velthuis


Heterodox Books and Book Series

"Advances in Heterodox Economics”, Series Editor: Frederic S. Lee

 A book series from the University of Michigan Press, series editor Frederic S. Lee.

For detailed information. AiHE.pdf

The Wealth of Ideas: A History of Economic Thought, by: A. Roncaglia
Alessandro Roncaglia
Università degli Studi di Roma 'La Sapienza', Italy

The Wealth of Ideas traces the history of economic thought from itsprehistory (the Bible, Classical antiquity) to the present day. In this eloquently written, scientifically rigorous and well documented book, chapters on William Petty, Adam Smith, David Ricardo, Karl Marx, William Stanley Jevons, Carl Menger, Léon Walras, Alfred Marshall, John Maynard Keynes, Joseph Schumpeter and Piero Sraffa, alternate with chapters on other important figures and on debates of the period. Economic thought is seen as developing between two opposite poles: a subjective one, based on the ideas
of scarcity and utility, and an objective one based on the notions of physical costs and surplus. Professor Roncaglia focuses on the different views of the economy and society and on their evolution over time and critically evaluates the foundations of the scarcity-utility approach in comparison with the Classical/Keynesian approach.

Preface; 1. The history of economic thought and its role; 2. The prehistory of political economy; 3. William Petty and the origins of political economy; 4. From body politic to economic tables; 5. Adam Smith; 6. Economic science at the time of the French revolution; 7. David Ricardo; 8. The ‘Ricardians’ and the decline of Ricardianism; 9. Karl Marx, 10. The marginalist revolution: the
subjective theory of value; 11. The Austrian schools and its neighbourhood; 12. General economic equilibrium; 13. Alfred Marshall; 14. John Maynard Keynes; 15. Joseph Schumpeter; 16. Piero Sraffa; 17. The age of disgregation; 18. Where are we going?

For detailed information: Roncaglia flyer.pdf

New Books from Pluto Press

Global Corruption Report 2005
Special Focus: Corruption in Construction and Post-conflict Reconstruction

Suicide Bombers: Allah's New Martyrs
Farhad Khosrokhavar; translated by David Macey

On the Border
Michel Warschawski

Biotechnology: Corporate Power Versus the Public Interest
Steven P. McGiffen

The Al Jazeera Phenomenon: Critical Perspectives on New Arab Media
Edited by Mohamed Zayani

Global Matrix: Nationalism, Globalism and State-Terrorism
Tom Nairn and Paul James

For Zion's Sake: The Judeo-Christian Tradition in American Culture
Fuad Sha'ban

Ethnic Distinctions, Local Meanings: Negotiating Cultural Identities in China
Mary Rack

For detailed information about the books: NewPlutoBooks.pdf

Understanding Capitalism, by S. Bowles, R. Edwards, and F. Roosevelt
Competition, Command, and Change
Samuel Bowles, Richard Edwards and Frank Roosevelt

Understanding Capitalism, 3/e provides an introduction to economics with extensive attention to the global economy, inequality, the information revolution, the exercise of power, and the historical evolution of economic institutions and individual preferences. Its 'three dimensional approach' focuses on competition in markets, command in firms, governments and international relations, and change as a permanent feature of a capitalist economy promoted by technical innovation and conflict over the distribution of income.


•Covers standard material from both micro and macro, as well as extensive historical and institutional analysis drawing on anthropology, political science and sociology.
•The third edition is entirely rewritten with four new chapters on the long-term history of capitalism, the evolution of preferences and values, inequality, and the future of capitalism.
•The 'three dimensions of economic life'-- competition, command and change--provide a unifying framework encompassing recent developments in behavioral economics, information economics, increasing returns, and institutional economics.

About the Author(s)

Samuel Bowles is Research Professor at the Santa Fe Institute, U.S.A., and Professor of Economics at the University of Siena, Italy.
Richard Edwards is Professor of Economics at the University of Nebraska-Lincoln.
Frank Roosevelt is Professor of Economics at Sarah Lawrence College.

For detailed information: Understanding Capitalism

The Price of Water by Stephen Merrett
One of the few heterodox books that deal with the price of water. If you are interested in natural resources and economic development, you should be interested in this book.

The Price of Water by Stephen Merrett can be bought through the IWA Publishing website at:
Or ordered from one of IWA Publishing’s distributors:
UK, Europe and Rest of World
Portland Customer Services
Commerce Way
ColchesterCO2 8HP, UK
Tel: +44 (0)1206 796 351
Fax: +44 (0)1206 799 331

North American Orders
Jamco Distribution Co.
1401 Lakeway Drive
TX. 75057 U.S.A.
Tel: +1 800 538 1287 ext 1193
Fax: +1 973 353 1315
Postage and Packing costs apply. Please make cheques payable to IWA Publishing

Heterodox Graduate Schools

The Department of Economics and International Development at the University of Bath- PhD Scholarship
There is currently a PhD scholarship being advertised at the AEGISresearch centre broadly located around 'spatial' & 'innovation' sorts of things. The topic areas are broad and would suit a heterodox person. See the attachment.
The Department of Economics and International Development at the University of Bath is offering 4 PhD Studentships starting the upcoming academic year.
Students with very good training and qualifications wishing to pursue research within the Marxian or other heterodox traditions are encouraged to apply.

Fields of particular interest:
Formal political economy
Economics of distributive justice
Labour economics
International Trade
Development economics
IMF & World Bank and WTO Policies

For informal inquiries contact:
Thanos Mergoupis:
Turan Subasat:

For more details see:
The closing date is 8 April 2005


University of Western Sydney- PhD Scholarship
Research Admission and Scholarship Application

Priority Postgraduate Research Awards
Level of Award: Doctorate unless otherwise stated
Stipend and Provisions Each scholarship will provide a tax-free stipend of $28,837 in 2005. The stipend rate will be indexed annually.
Tenure The tenure for doctorates is 3 years and for Masters Honours, 2 years
Closing Date 14 March 2005
Scholarships are available in the following Schools/Research Centres:

Australian Expert Group in Industry Studies (AEGIS)

Centre for Complementary Medicine Research (CompleMED)

Health Informatics Research Group (HIRG)

MARCS Auditory Laboratories (MARCS)

School of Engineering and Industrial Design

For detailed information: Scholarship.pdf


Heterodox Associations and Institutes

Lancaster Institute of Advanced Studies and the Inaugural Research Programme
2005-6: The Knowledge Based Economy.

Scholars committed to cross-disciplinary discussion are warmly invited to apply for visiting fellowships available in the 2005-06 academic year to work on the ‘Knowledge-Based Economy’.
The programme will involve active cooperation with eminent scholars, younger researchers, and the local research community under the guidance of Professor Bob Jessop and Dr Steve Fleetwood.
There are three categories of visitor:
•Scholars invited at the initiative of the IAS and funded to participate in the research programme for up to 8 months;
•Shorter term visitors selected from applicants and who will be provided funding for visits lasting 2-6 weeks;
•Scholars with their own funding who wish to work in the international research environment of the IAS on topics related to the annual research programme and meet our selection criteria for participation.
Full details are available on:


Heterodox Websites

Talking Economics Bulletin - March 2005

1) Three Events in March: Fair trade special / Colours of Money / Taxation
or Donation

2) Associative Pensions

3) The associative exchange takes a new step

4) Rare Albion - The Further Adventures of the Wizard from Oz, A Monetary
For detailed information: talkingeconomics.doc


Heterodox Announcements

Tufts Institute Awards Economics Prize to Columbia’s Richard Nelson, Cambridge University’s Ha-Joon Chang

Tufts University’s Global Development And Environment Institute announces that it is awarding its annual economics prize to Richard Nelson of Columbia University and Ha-Joon Chang of Cambridge University for their contributions in the areas of innovation and international development. The award ceremony, which will feature lectures by Dr. Nelson and Dr. Chang, will take place in October 2005 at Tufts University, on a date to be determined.

The Global Development And Environment Institute (GDAE), which is jointly affiliated with Tufts’ Fletcher School of Law and Diplomacy and Graduate School of Arts and Sciences, inaugurated the award in 2000 in memory of Nobel Prize-winning economist and Institute advisory board member Wassily Leontief, who had passed away the previous year. The Leontief Prize for Advancing the Frontiers of Economic Thought recognizes economists whose work, like that of the institute and Leontief himself, combines theoretical and empirical research that can promote a more comprehensive understanding of social and environmental processes.

“Global, national and local economies are changing faster than ever before,” said GDAE co-director Neva Goodwin. “Richard Nelson and Ha-Joon Chang are playing a critical role – one that Wassily Leontief would have greatly appreciated – in helping the discipline of economics to keep up with events in the real world.”

The inaugural prizes were awarded to John Kenneth Galbraith and Nobel Prize winner Amartya Sen. Subsequent Leontief Prize recipients have included Paul Streeten, Herman Daly, Alice Amsden, Dani Rodrik, Nancy Folbre, and Robert Frank.

The 2005 prizes, awarded at a critical juncture in world trade negotiations, recognize important efforts to deepen economic analysis of international development and to ground such analysis in an appreciation of social, environmental and technological realities of the 21st century. In awarding the Leontief Prize to Dr. Nelson, GDAE cited his pioneering theoretical and empirical work, which has examined the process of long-run economic change with particular emphasis on technological innovation and the evolution of economic systems. Dr. Nelson has recently elaborated his approach to address the particular challenges of developing countries. Among Dr. Nelson's important works are The Sources of Economic Growth (2000), National Innovation Systems: A Comparative Analysis (1993), and An Evolutionary Theory of Economic Change (1985).

Dr. Ha-Joon Chang is a leader of a new generation of economists working to revitalize the field of development economics. With the Leontief Prize, GDAE recognized Dr. Chang’s work on the role of the state in fostering development in poorer countries, and on the extent to which the process of economic globalization is making it more difficult for states to pursue such development goals. In a publishing career that thus far only spans a dozen years, Dr. Chang has already published some of the classics in his field, including The Political Economy of Industrial Policy (1994), Globalization, Economic Development, and the Role of the State (2002), Reclaiming Development (2004), and Rethinking Development Economics (2003). Dr. Chang's 2002 book, Kicking Away the Ladder - Development Strategy in Historical Perspective, has been met with wide acclaim and has been translated into numerous languages.

The Global Development and Environment Institute was founded in 1993 with the goal of promoting a better understanding of how societies can pursue their economic and community goals in an environmentally and socially sustainable manner. The Institute develops textbooks and course materials that incorporate a broad understanding of social, financial and environmental sustainability. The Institute also carries out policy-relevant research on globalization and sustainable development, the role of the market in environmental policy, recycling and material use, and climate change. Its six-volume book series, Frontier Issues in Economic Thought, identified and summarized over 400 academic articles on topics often given little attention in the field of economics.

The awards ceremony and Leontief Prize lectures are tentatively scheduled for late October 2005. They will take place on Tufts University’s Medford Campus.

For further information, please contact:
Minona Heaviland,, 617-627-3530

New Discussion: Basic Income for Canada
Following the meeting earlier this month in New York of USBIG (Basic Income Guarantee Network), a number of us from Canada decided to launch a network focused on promoting a Basic Income in Canada (or, at least, at a minimum, trying to assure that we don't lose what is left of our entitlements).

We're starting with a list, which is:
"au_canada - Basic Income / Alloc. Univ"

If you wish to subscribe, send to the following message:
sub au_canada your name or simply e-mail me and I can add you.

Myron J. Frankman, Economics & IDS
McGill University, 855 Sherbrooke St. West, Montreal, Quebec Canada H3A 2T7 office: Stephen Leacock Building
536 tel: 514 398-4829 fax: 514 398-4938