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.”
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.
I recently had the pleasure of contributing a blog post to the excellent blog Progress in Political Economy (PPE), which is based at the University of Sydney’s Political Economy department. I wrote about Samir Amin’s legacy, based on my recent Legacy piece in Development and Change. Check it out here.
I had the honor of writing a legacy piece on Samir Amin for Development and Change this year. It will be a part of the 2020 Forum issue, but is already available for download.
In this article in The Mint, I explore the relevance of dependency theory/ies today, along with Farwa Sial and Carolina Alves. We also identify some common critiques of dependency theory and argue that these are rooted in misunderstandings about the theories.