I have a new article in the Review of International Political Economy with the fabulous co-author team of Ilias Alami, Carolina Alves, Bruno Bonizzi, Annina Kaltenbrunner, Kai Koddenbrock and Jeff Powell. The article (open access) outlines a research agenda for understanding international financial subordination by drawing on the heterodox traditions of dependency theory, Marxism, and Post-Keynesianism.
Category: Heterodox Economics
I recently wrote an essay about Samir Amin for the popular magainze, Aeon. In it, I go through what I think are major lessons from Samir Amin that can help us understand imperialism, Eurocentrism, uneven development, and ideology better. I contrast his structural and materialist analysis of capitalism and imperialism with the culturalist views of Edward Said, as Said has received much more attention in both academia and in the public sphere. Read the essay here.
Read a Spanish translation of the article here (Letras Libres).
I have a new paper out with Surbhi Kesar in the New School Department of Economics’ Working Paper series: Standing in the Way of Rigor? Economics’ Meeting with the Decolonizing Agenda.
This paper critically engages with various aspects of the decolonization movement in economics and its implications for the discipline. We operationalize the insights from this engagement using a survey of 498 economists that explores how faculty across different kinds of departments, disciplines, geographies, and identities perceive the problems of economics teaching, how they think economics pedagogy should be reformed, if at all, and how they relate to decolonial critiques of economics pedagogy. Based on the survey findings, we conclude that the mainstream of the field’s emphasis on technical training and rigor, within a narrow theoretical and methodological framework, likely stands in the way of the very possibility for decolonizing economics, given its strong contrast to key ideas associated with the decolonization agenda, such as positionality, centering power relations, exposing underlying politics of defining theoretical categories, and unpacking the politics of knowledge production. Nonetheless, the survey responses clearly chart out the challenges that the field faces in terms of decolonizing pedagogy, which is a first step towards debate and change.
Along with Maria Dyveke Styve and Ushehwedu Kufakurinani, I edited a special issue in Review of African Political Economy on Samir Amin’s work and its relevance for contemporary problems.
You can read our introductory editorial here: Samir Amin and beyond: the enduring relevance of Amin’s approach to political economy. We also wrote a blog post about the issue that you can find here.
Back in May I had the pleasure of speaking to Rethinking Economics Norway about what heterodox economics means and how and why it is often misunderstood. They have now published the video online. The talk was based on this blog post and this working paper with my brilliant co-author Carolina Alves.
I had the pleasure and honour of debating ‘A New International Development Paradigm. Do the Sustainable Development Goals Drive Global Progress?’ with Dr. Fred Muhumuza (Makerere University) and Prof. Dr. Aram Ziai (University of Kassel) at the Online Summer Academy for Pluralist Economics, August 2020.
The blurb for the panel:
The Sustainable Development Goals (SDGs) of the United Nations are considered a universal benchmark for development around the world. But is it realistic to have such a benchmark for countries/regions whose societies are structured within different local contexts? During this discussion, the panelists will share their perspectives on what development is, on the relevance of the SDGs, and on what a new development paradigm could look like in light of the COVID-19 pandemic.
“The pandemic has revealed the poverty of our economic theory. Rupture with the old paradigm is the only route to recovery.”
My work with Carolina Alves on Heterodox Economics is now translated to Spanish and published in the Colombian journal Ensayos de Economía. Download the full Spanish article or read the working paper in English. Thanks to Orlando Nikolai Santos Alvarado for the translation.
I wrote a blog post with Surbhi Kesar for the Institute for New Economic Thinking on the Economics discipline’s lack of capacity to understand racial inequalities, based on survey data.
I wrote an article on how COVID-19 exposes weaknesses in the dominant Economics narrative, and how heterodox economics offer important alternatives, with Carolina Alves for the Review of Agrarian Studies. Here’s the abstract:
In this article, we argue that societies’ unpreparedness and inadequate responses to the Covid-19 pandemic expose weaknesses in the foundations of the dominant economic paradigm. We document how economics came to disembed itself from broader societal analysis and how this has influenced public policy in problematic ways, leading to privileging of efficiency over resilience. We then go a step further to consider the role of economic evidence in public policy more generally. Furthermore, we demonstrate how heterodox economics can enrich our understandings of our economies’ weaknesses and of how to build a more resilient and just economy. We conclude that we need an explanation of the crisis that is capable of seeing the economy as more than just markets and as embedded in society; one that is capable of linking the causes and consequences of the pandemic to our systems of production and distribution.
Read the full paper.