Real-World Economics Review, No. 1-59 (2000-2012)

“The movement for Post-Autistic Economics (PAE) was born through the work of Sorbonne economist Bernard Guerrien. The movement is best seen as a forum of different groups critical of the current mainstream: from behavioral and heterodox to feminist, green economics and econo-physics. Started in 2000 by a group of disaffected French economics students, Post-Autistic Economics first reached a wider audience in June 2000 after an interview in Le Monde.

It was supported by the Cambridge Ph.D. students in 2001 with the publication of ‘Opening Up Economics: A Proposal By Cambridge Students’, later signed by 797 economists.

PAE has challenged standard neoclassical assumptions and incorporated ideas from sociology and psychology into economic analysis. Specifically, the notions of utility theory, rational choice, production and efficiency theory (Pareto optimality), and game theory have been criticised.

Other topics include ‘Gross National Happiness’, realism vs. mathematical consistency, ‘Thermodynamics and Economics’, or ‘Irrelevance and Ideology’. Contributors include Bruce Caldwell, James K. Galbraith, Robert L. Heilbroner, Bernard Guerrien, Emmanuelle Benicourt, Ha-Joon Chang, Herman Daly and Richard D. Wolff.

In March 2008 the Post-Autistic Economics Review changed its name to the Real-World Economics Review.” (from Wikipedia)

Editor: Edward Fullbrook
Associate Editor: Jamie Morgan
Open-access journal
ISSN 1755-9472

wikipedia (Post-autistic economics)
authors (RWER blog)
publisher

PDF (Issue 59, March 2012)
PDF (Issue 58, December 2011)
PDF (PDF papers, all past issues)

Craig Calhoun, Georgi Derluguian (eds.): Aftermath: A New Global Economic Order? (2011)

The global financial crisis showed deep problems with mainstream economic predictions. At the same time, it showed the vulnerability of the world’s richest countries and the enormous potential of some poorer ones. China, India, Brazil and other countries are growing faster than Europe or America and they have weathered the crisis better. Will they be new world leaders? And is their growth due to following conventional economic guidelines or instead to strong state leadership and sometimes protectionism? These issues are basic not only to the question of which countries will grow in coming decades but to likely conflicts over global trade policy, currency standards, and economic cooperation.

Contributors include: Ha-Joon Chang, Piotr Dutkiewicz, Alexis Habiyaremye, James K. Galbraith, Grzegorz Gorzelak, Jomo Kwame Sundaram, Manuel Montes, Vladimir Popov, Felice Noelle Rodriguez, Dani Rodrik, Saskia Sassen, Luc Soete, and R. Bin Wong.

Aftermath is the third part of a trilogy comprised of the first three books in the Possible Future series. Volume 1: Business as Usual; Volume 2: The Deepening Crisis; Volume 3: Aftermath.

Publisher NYU Press; with Social Science Research Council, 2011
Possible futures series, Volume 3
ISBN 0814772838, 9780814772836
296 pages

Publisher
Google books

PDF (updated on 2014-9-14)

RMF Report: Breaking Up? A Route Out of the Eurozone Crisis (2011)

“Debtor-led default and exit are fraught with risk, and have costs attached to them. But the alternative is economic and social decline within the EMU that could still end up in chaotic and even costlier exit. In contrast, if default and exit were planned and executed by a decisive government, they could put the country on the path to recovery. For that it would be necessary to adopt a broad economic and social programme including capital controls, redistribution, industrial policy, and thorough restructuring of the state. The aim would be to change the balance of power in favour of labour, simultaneously putting the country on the path of sustainable growth and high employment. Not least, national independence would also be protected.” (from Executive summary)

Authors: C. Lapavitsas, A. Kaltenbrunner, D. Lindo, J. Meadway, J. Michell, J.P. Painceira, E. Pires, J. Powell, A. Stenfors, N. Teles, L. Vatikiotis
Published by Research on Money and Finance, November 2011
RMF Occassional Report 3
92 pages

Media Coverage of the Report: The Miami Herald (by Joanna Kakissis, 17 November 2011), Prin (in Greek, by Petros Kosmas, 13 November 2011), El Pais (in Spanish, by Amanda Mars, 13 November 2011), Guardian (by Heather Stewart, 13 November 2011), Eleftherotypia (in Greek, by Leonidas Vatikiotis, 12 November, 2011), CNN (by Costas Lapavitsas, 10 November 2011).

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