The Global Financial Crisis 2008
|
Stand and Deliver: Private Property and the
Politics of Global Dispossession
By Stefan Andreasson - 2006
Queen’s University Belfast
Property rights necessarily generate violent,and oftentimes lethal, processes of dispossession.While liberal
theorists from Locke to Hayek consider property rights as an essential and emancipatory component of
human freedom, they fail to consider societal power asymmetries impeding the ability of property rights
to protect the interests of the weak and marginalised. If property rights produce freedom and prosperity,
they do so very selectively. More obvious is the ongoing historical process of already propertied
classes making ‘clever usurpation into an irrevocable right’ by extending private property regimes along
two key dimensions – type and space.
--------------- |
The New Economic Geography: effects and policy implications
A symposium sponsored by The Federal Reserve Bank of Kansas City
August 24-26, 2006
- Shift in economic geography and their causes
- Consequences for production and prices, employment and wages
- Consequences for financial markets and global savings and investment
- Strategies for growth
- Implications for monetary policy
- Overview panel
-----------------------
From The Economist
On
the hiking trail
Globalisation is
generating huge economic gains. That is no reason to ignore its costs
Aug
31st 2006
-----------------------
|
The problem of colonialism in classical political
economy : analysis, epistemological breaks and
mystification
By Amiya Kumar Bagchi
Centre for Studies in Social Sciences, Calcutta
...The famous `invisible hand' of Smith
(1776) has been regarded simply as a statement of the justification of laissez faire as the basic
principle that should inform the governance of a commercial society. However, in the Theory of
Moral Sentiments, the proposition about the invisible hand was derived as a special case of the
more general dictum that individual actions motivated by selfish desires (or presumably their
opposite) can have unintended social consequences. In the particular case discussed in the
Theory of Moral Sentiments, the rich, according to Smith (1790, pp.184-5),
"...in spite of their natural selfishness and rapacity, though they mean only their own
conveniency, though the sole end which they propose from the labours of all the
thousands whom they employ, be the gratification of their own vain and insatiable
desires ... are led by an invisible hand to make nearly the same distribution of the
necessaries of life, which would have been made, had the earth been divided into
equal portions among all its inhabitants and thus without intending it, without
knowing it, advance the interest of the society, and afford means to the
multiplication of the species."
There are other passages in the same book which throw considerable light on what Smith
considered to be the appropriate framework for analysis of the motivation and consequences of
public policy - often deriving from very different attitudes to the public sphere (Ibid., pp.185-
187). All this analysis and the necessary distinctions between different ethical systems vanished
in the memory of economists and policy-makers following laissez faire doctrines, and an
`epistemological break' between Smith's Wealth of Nations and his other writings was imposed
by the selective memory of the following generations, although the author himself never
executed such a break (for the concept of `epistemological break' see Althusser, 1969 pp.32-36;
Althusser attributes the concept to Gaston Bachelard).
--------------- |
Markets, Politics and Globalization:
Can the Global Economy be Civilized?
By Gerald Karl Helleiner - 2000
Professor Emeritus,
Department of Economics and
Distinguished Research Fellow,
Centre for International Studies
University of Toronto, Canada
--------------- |
Global Critics
Globalcritics.com is
an electronic journal and forum founded in November 2004 in Aberystwyth, Wales.
The idea of the journal is to construct a media and a portal to publish
contemporary views in form of academic writing. The scope is international both
in issues and writers, who are scholars, professionals and students in the field
of social sciences, economics or law. The long-term objective is to develop this
project into a coherent and respected electronic journal with a regular number
of issues published every year.
Global Critics is divided into four main areas:
politics, economics, law and society. Each subject has one or more senior
editors with speciality in the area. These editors overview outlines and attract
qualified writers. Together editors form an editorial board with a chief editor
in charge of quality standard and aims.
The editorial team recognizes the initial
difficulties in producing this journal, but it is important to notice that
Global Critics itself is a project to development skills in electronic
publishing. Global Critics is also a vehicle for the editorial team and the
writers to obtain own leverage and status as years pass by.
----------------- |
The official
version: here economics is taught as an ideology in defense of the capitalist market:
economics
economic system
economic planning
economic growth
economic
development
government
economic policy
classical
economics
business cycles
distribution
theory
distribution of
wealth and income
poverty
labour economics
land reform
commodity trade
international trade |
| ---------------- |
As an additional
tool the following introductory courses are available:
Introduction to economics
Introduction to macroeconomics
|
Dr. Róbinson Rojas
papers and notes
Dr. Róbinson Rojas books
|
From "How To Trade Stocks"
A
history of economic thought
Economics is a tough subject. It’s difficult to watch and analyze the way trends
happen because certain events can cause them to constantly change all the time.
In time, different economic thinkers and theorists form their own thoughts on
economics, influencing the “schools of thought” or beliefs, leading to an
interesting history of economic thought. There are multiple schools of economic
thought and each one at one point taught different economic theories. Some of
these theories proved to be false while others were found to be more true to
life. However, things are still evolving and new schools of thought start to
blossom all the time. Here are some links to information about the most
significant schools of economic thought.
|
New Economic
Foundation:
The Real World Economics
The international economic system creates damaging
inequalities between rich and poor, and fuels climate change and environmental
degradation. Through Real World Economic Outlook, NEF aims to expose the problems
with the international finance and economic systems and create appropriate remedies. We
are also researching and campaigning on changes to global governance to tackle
international issues like climate change, and work by jubilee research
continues nef’s pioneering involvement in tackling international debt. transforming
markets goes beyond corporate responsibility to set out a new vision for harnessing and
channelling enterprise to meet social and environmental need.
|
World Wide Resources in Economics
WebEc was an effort to categorize free information in economics on
the WWW. WebEc and RFE
comprised the WWW
Virtual Library in Economics. You may browse
WebEc contents or you can search.
More information about
WebEc is available.
General
Economics Resources
Education
and Teaching
Methodology
and History of Economic Thought
Mathematical
and Quantitative Methods
Economics
and Computing
Economics
Data
Microeconomics
Macroeconomics
International
Economics
Financial
Economics
Public
Economics
Health
and Welfare
Labor
and Demographics
Law
and Economics
Industrial
Organization
Business
Economics
Economic
History
Development,
Technological Change and Growth
Economic
Systems
Agriculture
and Natural Resources
Regional
Economics
Economics
of Networks
Internet
|
National Bureau of Economic Research
Founded in 1920, the National Bureau of Economic Research is a private,
nonprofit, nonpartisan research organization dedicated to promoting a greater
understanding of how the economy works. The NBER is committed to undertaking and
disseminating unbiased economic research among public policymakers, business
professionals, and the academic community.
Over the years the Bureau's research agenda has encompassed a wide variety of
issues that confront our society. The Bureau's early research focused on the
aggregate economy, examining in detail the business cycle and long-term economic
growth. Simon Kuznets' pioneering work on national income accounting, Wesley
Mitchell's influential study of the business cycle, and Milton Friedman's
research on the demand for money and the determinants of consumer spending were
among the early studies done at the NBER.
|
International Development Economics Associates
IDEAs or International Development Economics Associates is a pluralist network
of progressive economists across the world, engaged in research, teaching, and
dissemination of critical analyses of economic policy and development. Its
members are motivated by the need to strengthen and develop alternatives to the
current mainstream economic paradigm as formulated by the neo-liberal orthodoxy.
The organisation is based in the South and led by economists based in several
developing countries, but membership of the network is open to all those
committed to developing and using alternative non-orthodox tools of economic
analysis appropriate for meeting development challenges.
The
Accumulation Process in the Period of
Globalization
Prabhat Patnaik - 2008
This
paper, based on a lecture given in memory of
D. D. Kosambi, discusses the current global
crises in terms of rising inflation and food
shortages, and argues that this situation
reflects the inherent nature of capitalism
which engages in accumulation through both
expansion and encroachment. This squeezes out
peasant agriculture and all petty producers,
and ultimately leads to a supply constraint on
goods produced by these groups. Under the
current context of capitalism, these forces
are creating a crisis for mankind.
The
Global Food Crisis
Jayati Ghosh - 2008
The recent food
shortages and rapidly rising prices of food have adversely
affected billions of people, especially the poor in the
developing world. This is very much a man-made crisis,
resulting from the market-oriented and liberalising policies
adopted by choice or compulsion in almost all countries, which
have either neglected agriculture or allowed shifts in global
prices to determine both cropping patterns and the viability
of farming, and also generated greater possibilities of
speculative activity in food items. This article discusses the
features, causes of the current crisis and indicates an
alternative policy framework for redressal.
Inflation
Targeting: Issues and
Alternatives
This is a set of papers
which covers theoretical and
empirical research on the
issue of inflation targeting.
The papers specifically cover
various outcomes of inflation
targeting as well the
controversies, exploring
alternative approaches,
methodologies and solutions.
While the impact on employment
remains a primary concern of
the papers, other specific
issues which have been covered
are; employment costs of
inflation reduction in
developing countries from a
gender perspective, looking at
the nature of inflation
targeting from a class based
social perspective, a
comparison of inflation
targeting and real exchange
rate targeting in affecting
economic growth and
employment. In addition,
country specific studies on
the impact of inflation
targeting and alternatives in
Mexico, Argentina, Brazil,
Turkey, India, Vietnam, and
Philippines are included.
Earth Summit 2002: from Rio to
Johannesburg
Sustainable development lies at the heart of the Earth Summit process. The journey toward
sustainable development has not been straightforward and is far from being fully
achieved. In the last thirty years a whole series of events have brought us to the wide-ranging
interpretation of sustainable development that we see today.
The concept of sustainable development dates back a long way but it was at the UN Conference
on Human Environment (Stockholm, 1972) that the international community met for the
first time to consider global environment and development needs (Figure 1). The Conference
led to the formation of the UN Environment Programme (UNEP).
The Stockholm Declaration
and Action Plan, which were also produced, defined principles for the preservation and enhancement
of the natural environment, and highlighted the need to support people in this
process. The Conference indicated that “industrialised” environmental problems, such as
habitat degradation, toxicity and acid rain, were not necessarily relevant issues for all countries.
In particular, development strategies were not meeting the needs of the poorest countries
and communities. However, it was the pending environmental problems that dominated
the meeting and led to wider public environmental awareness.
Books such as "The Silent
Spring" by Rachel Carson gave a foretaste of the current view that, if international modes of
development continue along their present paths, the world is rapidly heading for a major
breakdown.
|
Resources for economists on the internet
Dictionaries, Glossaries and Encyclopedias |
IDEAS.-
the largest bibliographic database dedicated to economics
Welcome to the largest bibliographic database dedicated to Economics and
available freely on the Internet. Over 550'000 items of research can be browsed
or searched, and over 450'000 can be downloaded in full text! This site is part
of a large volunteer effort to enhance the free dissemination of research in
Economics, RePEc. To see the popularity of these
services, browse the statistics at LogEc
|
In defence of Marxism
This is the website of the International Marxist Tendency. To
find out more about the history of the Tendency we recommend you to
start with the document A
Brief History of the International Marxist Tendency. You can
also read more about the origins of the Marxist tendency in Ted
Grant's book History
of British Trotskyism.
For a detailed analysis of our ideas regarding the world
situation today and the tasks facing revolutionary Marxists, please
read our document on World
revolution and the tasks of the Marxists. If you agree with our
ideas and the need to fight for a revolutionary Marxist alternative
within the working class movement, please join
us, or see the Contact
Us section for details of how to join the struggle for socialism
in your country.
|
| World Institute for Development Economic Research
(UN) |
World Income Inequality Database (UNU)
A major update of the World Income Inequality Database is
available as of May, 2008. Please consult the revision notes for details.
The UNU-WIDER World Income Inequality Database (WIID)
collects and stores information on income inequality for developed, developing,
and transition countries. The database and its documentation are available on
this website.
WIID2 consists of a checked and corrected WIID1, a new update
of the Deininger & Squire database from the World Bank, new estimates from
the Luxembourg Income Study and Transmonee, and other new sources as they have
became available. WIID2a contains fewer points of data than WIID1 as some
overlaps between the old Deininger & Squire data and estimates included by
WIDER have been eliminated along with some low quality estimates adding no
information. In addition to the Gini coefficient and quintile and decile shares,
survey means and medians along with the income shares of the richest 5% and the
poorest 5% have been included in the update. In addition to the Gini coefficient
reported by the source, a Gini coefficient calculated using a new method
developed by Tony Shorrocks and Guang Hua Wan is reported. The method estimates
the Gini coefficient from decile data almost as accurately as if unit record
data were used.
|
The
Economist:
Research tools |
US Central Intelligence Agency:
Basic data on economies
Countries
|
| World Bank 1996: Classification of economies.
Methodology |
Search on
privatisation -
liberalization -
decentralisation
|
| |
| |
| |
| |
Marxist Economics : introduction
By Dr. Roger A. McCain - Drexel University Department of Economics
"Marxist, neoclassical, and Keynesian economics all have their roots in the
"Classical Political Economy" of the early 19th century, but since the later
nineteenth century they have developed in different ways. Neoclassical and
Keynesian economics, whatever their differences, have remained closer together
than either is to Marxist economics. As a result, Marxist economics has not been
a part of what the American tradition regards as the "Principles of Economics"
and thus is outside the scheme of a book entitled "Essential Principles of
Economics."
On the other hand, Marxist criticisms of the other traditions in
economics (and their criticisms of Marxism) have been important parts of the
Reasonable Dialog of Economics in the last two centuries. We resolve this
contradiction by exploring Marxist economics in this appendix to the book."
"One key point to understand is that Marxist economics is an economic theory
of capitalism. Since governments based on Marxist ideology have
mostly either collapsed or moved away from the distinctive "Soviet-type"
economics system toward more capitalist economic systems, it may seem that
Marxist ideas are discredited. What has been discredited is the Soviet-type
economic system, which has little to do with the Marxist economic analysis of
capitalism. Thus, Marxist economics has as strong (or weak) a case as ever where
its analysis of capitalism is concerned."
"Since the labor theory of value plays a key part in Marxism, we begin with a
discussion of the Reasonable Dialog about the Labor Theory of Value.
Notice of Copyright : These documents and images have been created
by Dr. Roger A. McCain and the author reserves all rights to their use for
purposes of sale, publication, commercial gain, or promotion. Permission is
freely granted to all to download, reproduce, copy, print, or otherwise
transform these documents and images for personal use."
From "Theories of Surplus Value", by K. Marx - 1861-3
Chapter XVII
Ricardo’s Theory of Accumulation and a Critique of it. (The Very Nature of
Capital Leads to Crises)
"When considering the production process we saw that the whole aim of
capitalist production is appropriation of the greatest possible amount of
surplus-labour, in other words, the realisation of the greatest possible amount
of immediate labour-time with the given capital, be it through the prolongation
of the labour-day or the reduction of the necessary labour-time, through the
development of the productive power of labour by means of cooperation, division
of labour, machinery etc., in short, large-scale production, i.e., mass
production. It is thus in the nature of capitalist production, to produce
without regard to the limits of the market..."
"...If over-production has taken place not only in cotton, but also in linen,
silk and woollen fabrics, then it can be understood how over-production in these
few, but leading articles, calls forth a more or less general
(relative) over-production on the whole market. On the one hand there
is a superabundance of all the means of reproduction and a superabundance of all
kinds of unsold commodities on the market. On the other hand bankrupt
capitalists and destitute, starving workers."
|
Karl Marx (1857)
on:
Production,
consumption, distribution and exchange (circulation)
|
Adam Smith
(1776)
on:
An inquiry into the nature and causes of the wealth of nations
Wherever there is a great property, there is great inequality. For
one very rich man, there must be at least five hundred poor, and
the affluence of the few supposes the indigence of the many. The
affluence of the rich excites the indignation of the poor, who are
often both driven by want, and prompted by envy to invade his
possessions. (p. 580)
|
The IMF point of view on the current world economic crisis
December 2008
Finance $ Development
World Economy Under Stress
|
From the BBC World Service
Global Financial Crisis 2008
The United Nations says the world economy faces its worst
downturn since the Great Depression.
It expects world economic output to shrink by as much as 0.4% in 2009, due to
a slump among developed countries - particularly the US and in Europe.
This would mark the world economy's first year of contraction since the
1930s, the UN said.
The report added there had been complacency about the impact of the financial
crisis on poorer countries.
"It seems inevitable that the major countries will see significant
contraction in the immediate period ahead and that recovery may not materialise
any time soon, even if the bail-out and stimulus package succeed," it says.
|
Global Financial Crisis 2008
An analysis by the
Real-World Economic Review
Big banks are failing, bailouts measured in hundreds of billions of dollars are not nearly enough, jobs are vanishing, mortgages and retirement savings are turning to dust. Didn’t economic theory promise us that markets would behave better than this? Even the most ardent defenders of private enterprise are embarrassed by recent events: in the words of arch-conservative columnist William Kristol,
There’s nothing conservative about letting free markets degenerate into something close to Karl Marx’s vision of an atomizing, irresponsible and self-devouring capitalism.2
So what does the current wreckage of the global financial system tell us about the theoretical virtues of the market economy?
|
From the Real-World
Economics Review Blog:
Greenspan, Friedman and Summers win Dynamite Prize in Economics -
February 22, 2010
|
sanity, humanity and science
Post-autistic economics review
Issue no. 27, 9 September 2004
In this issue:
- G. C. Harcourt
What would Marx and Keynes have made of the happenings
of the past 30 years and more?
- Richard D. Wolff
The Riddle of Consumption
- M. Ben-Yami
Fisheries management: Hijacked by neoliberal economics
- Deborah Campbell
Here’s what economics students in three countries
are doing to put their professors on the defensive
Read full text of issues
44,
43,
42,
41,
40,
39,
38,
37,
36,
35,
34,
33,
32,
31,
30,
29,
28,
27,
26,
25,
24,
23,
22,
21,
20,
19,
18,
17,
16,
15,
14,
13,
12,
11,
10,
9,
8,
7,
6,
5,
4,
3,
2,
1.
Issue no. 44 - 9 December 2007
You can download the whole issue as a 77 page pdf document by clicking
here
download articles individually by clicking on their pdf
link.
In
this issue:
Frank Ackerman, "Economics for a warming world" -
download
pdf
Jorge Buzaglo, "Climate change, global ethics and the market" -
download pdf
Ian Fletcher, "The global economy bubble equilibrium" -
download pdf
Frederic Lordon, "High finance -- a game of risk: Subprimes, ninja loans, derivatives and other financial fantasies" -
download pdf
James Angresano, "Orthodox economic education, ideology and commercial interests: Relationships" -
download pdf
Robert Pollin and Heidi Garrett, "The employment effects of military and domestic spending priorities" -
download pdf
Dani Rodrik, "World too complex for one-size-fits-all models" -
download pdf
Margaret Legum, "What is the right size?" -
download pdf
Margaret
Legum, economist, author and anti-apartheid activist 1933--2007
Post-autistic economics network
Some articles on the PAE Movement
- “Teaching
Economics: PAE and Pluralism”, (EAEPE, July 2005)
- “Post-Autistic Economics”, Social Policy, summer 2005)
- “Post-Autistic Economics”, Soundings, April 2005)
- “Signifying nothing?”, The Economist, Jan 29, 2004)
- “Revolutionizing
French Economics”, Challenge, Nov/Dec. 2003)
- “Fired up for battle”, The Guardian (UK) 9 September 2003
- ”Taking
On 'Rational Man'” The Chronicle of Higher Education (US) 24 Jan. 2003
- ”The 2002 Nobel Prize in Economics”, The Journal of Investing (US) Spring 2003
- “The Storming of the Accountants”, The New Statesman (UK) 21 Jan. 2002
- “Post-autisten' vallen economische heilige huisjes aan”, De Morgen, Bruxelles 2 Mar. 2002
- English Translation
- “movimiento económico postautista”, IBLNEWS, 14 March 2002
- “Distorted economic relations: A new movement – the post-autistic economists-
want to renew economics”, Sueddeutsche Zeitung, (Munich) 3 April 2002
|
9 June 2005
Capitalist Economic Terrorism
Note by Róbinson Rojas: Free-market fundamentalism, which can be described as capitalist economic
terrorism, is creating a world with a small bunch of super rich and a big majority just
surviving on their income. United States is a telling case study of this. What began
with the Reagan Administration is reaching obscene feautures with the Bush
Administration. Statistics show that "for every additional dollar earned by the
bottom 90 percent of the population between 1950 and 1970, those in the top 0.01 percent
earned an additional $162. That gap has since skyrocketed. For every additional dollar
earned by the bottom 90 percent between 1990 and 2002, each taxpayer in that top bracket
brought in an extra $18,000." The New York Times is publishing a special section
("Class Matters"), from which I select here some important texts. They show how
capitalist economic terrorism (free-market fundamentalism) can disjoint a society. The
winners are the ones who have at their service a political class serving their interests
by unleashing political and economic terrorism (otherwise known as globalization) all over
planet Earth. They are building a larger U.S. empire. Modern Caligulas like Bush et al are
the top layer of that political class.
---------------------
The Bush Economy (7 June 2005)
Richest Are Leaving Even the
Rich Far Behind (5 June 2005)
Crushing Upward Mobility (7 June 2005)
Class Matters. A special section
The Mobility Myth (6 June 2005)
-------------------------- |
|
The New York Times
- 10 June 2005
Losing Our Country
By Paul Krugman
"The middle-class society I grew up in no longer exists. Working families have seen
little if any progress over the past 30 years. Adjusted for inflation, the income of the
median family doubled between 1947 and 1973. But it rose only 22 percent from 1973 to
2003, and much of that gain was the result of wives' entering the paid labor force or
working longer hours, not rising wages.
But the wealthy have done very well indeed. Since 1973 the average income of the top 1
percent of Americans has doubled, and the income of the top 0.1 percent has tripled."
--------------------------------- |
From PAE, No 33, 14
September 2005
The Rise and
Demise of the New Public Management
Wolfgang Drechsler
(University of Tartu and Tallinn University of Technology, Estonia)
Within the public sphere, the most important reform movement of the last quarter of a
century has been the New Public Management (NPM). It is of particular interest in the
post-autistic economics (pae) context because NPM largely rests on the same ideology and
epistemology as standard textbook economics (STE) is based, and it has had, and still has,
similar results.
---------------------------- |
From PAE, No. 33,
14 September 2005
Forum on Economic Reform
Can the World
Bank Be Fixed?
David Ellerman
(University of California at Riverside)
If the goal of development assistance is to foster autonomous development, then most aid
and "help" is actually unhelpful in the sense of either overriding or
undercutting the autonomy of those being "helped." The two principal forms of
unhelpful "help" are social engineering and charitable relief. The World Bank is
the primary example over the last half century of the failures of social engineering to
"engineer" development. Frustration over these failures, particularly in Africa,
is now leading the Bank and many other development agencies towards the other form of
unhelpful help, namely, long-term charitable relief. The paper outlines some of the
reasons for the failure of socially engineered economic, legal, and social reforms both in
the developing world and in the post-socialist transition countries. Finally, the argument
is summarized in five structural reasons why the World Bank cannot be
"fixed."
------------------------- |
7 June 2005
Declaration
EuroMemorandum Group
European Economists for an Alternative Economic Policy in Europe
June 2005
After the
French and Dutch No to the Constitution:
The EU needs a new economic and social development strategy.
"The French and Dutch No to
the Constitution opens the window for a thorough reflection and public discussion
about the way in which the people want to live in Europe. The majority of voters have
rejected the elitist project of a European construction, which subordinates the democratic
lives and material well-being of the people to the rules of markets and competition. They
perceived European policies in their real lives as a threat to their economic and social
welfare, as source of increasing insecurity for their work and incomes, as mounting
inequality and injustice and as an obstacle to relevant democratic participation
possibilities in the process of shaping a society which allows them to lead a free and
independent life...".
--------------------- |
Karl Marx (1857)
on:
Production,
consumption, distribution and exchange (circulation)
----------------- |
Andre
Gunder Frank (1992) on:
Marketing
Democracy in an Undemocratic Market
"Democracy" is in, and
"development" is out as buzzwords for the "Third World." The very
"development" idea and word are in apparently terminal crisis. The new idea to
replace it is "democracy." When Gandhi was asked what he thought of
"Western Civilization," he answered "it would be a good idea." We can
say as much of development and democracy as well. However, for the Third World,
"democracy" is likely to become no more real in the future than
"development," or Western Civilization for that matter, did in the past. Instead
like the latter, "democracy" may well become a flag - or the figleaf - for
continued exploitation and oppression of the South by the North.
------------- |
Róbinson Rojas
(1997) on
Basic knowledge on economics
Notes designed for students wanting to understand the basic tenets of textbook economics ( capitalist economics, that is), without
calculus, which is utilised as a disguise to justify a barbaric economic system leading to social exclusion and waste of human and material resources.
The capitalist economic problem: what to produce, how to produce, for whom to produce. Resource allocation: alternative
approaches, the free market versus central planning. The meaning of "resource
allocation" and the main alternative methods of allocating resources.
Concepts for Review: Economic resources, resource allocation, production possibility
curves, supply, demand, competition, profitability and the free market, central planning
and bureaucracy, factors of production, distribution of income, factor mobility
- Sustainable development in a globalized
economy? The odds. 1999
- Sustainable development in a
globalized economy. 1997
- Making sense of development studies
- Notes on the philosophy of the capitalist system
- Notes on economics: assuming scarcity
- Notes on economics: about obscenities, poverty and inequality
- Notes on structural adjustment programmes
- Agenda 21 revisited (notes)
- 15 years of monetarism in Latin America: time to scream
- Latin America: a failed industrial revolution
- Latin America: the making of a fractured society
- Latin America: a dependent mode of production
- The 'adjustment' of the world economy
- The transnational corporate system in the late 1990s
- A market-friendly strategy for development
- Notes on agribusiness in the 1990s
- Transnational corporations in developing countries
- Latin America: blockages to development
- Development Studies: Researching for the big bosses?
- International capital and
intellectual dishonesty
|
A typical textbook on capitalist economics:
Introduction to Economic Analysis
by R. Preston McAfee
- California Institute of Technology
|
|
From Biz/Ed
"A Web site for students and educators in business studies, economics,
accounting, leisure, sport & recreation and travel & tourism."
GDP, GNP and economic growth
Interest
Rate Transmission Mechanism »
Interactive
Markets »
The
Stock Exchange »
Maths
in Business and Economics »
Online Economics Textbooks
Teaching Resources
for Economics
The history of economic thought website
This is a personal website run by poor, starving students with very little time.
We receive no renumeration for our efforts. It is offered to the general
public as "educational entertainment" -- which means, in effect, that we are
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McMaster University
Archive of the
History of Economic Thought
by Roderick Hay
J. Sloman and M. Sutcliffe:
Economics
Tutor2u Economics.Com
Problems in Microeconomics
A Primer in European Macroeconomics
Economics Testing
System
Economic Review
Resources for economists on the internet
Adam Smith:
The Wealth Of Nations
K. Marx/F.
Engels:
Bourgeois and proletarians
Karl Marx:
Capital,
and other early works
F. Engels:
Introduction to K. Marx's "Wage-labour and capital"
Karl Marx:
Wage-labour and capital
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On Development Economics
The Future of Development Economics
The New Economy in Development
The Need to Rethink Development Economics
Development Economics
Economic Literacy
Basic knowledge on economics
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Education for Sustainability
Postgraduate courses on
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- The Developmental State
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Neo-liberal State
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--economics
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Back to Global Economic Prospects for Develeping Countries
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--World Investment Reports
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UNCTAD areas of work:
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