Categories
Heterodox Economics Publications

¿Por qué tan hostil? Quebrando mitos sobre la economía heterodoxa (translation)

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.

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Categories
Covid-19 Critique of Mainstream Economics Heterodox Economics Publications

Changing the Narrative: Economics After Covid-19 (new article)

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.

Categories
Dependency theory Economic Development Publications

New Article: Beyond the Stereotype: Restating the Relevance of the Dependency Research Programme

I recently published “Beyond the Stereotype: Restating the Relevance of the Dependency Research Programme” in Development and Change. Here is the abstract:

This article evaluates the relevance of dependency theory for understanding contemporary development challenges, especially in the light of changes in the global economy over the past 50 years. In order to do so, the article rectifies previous misunderstandings of the scholarship and offers a new definition of dependency theory as a research programme, rather than a singular theory. Four core tenets of this research programme are identified: a global historical approach; theorizing of the polarizing tendencies of global capitalism; a focus on structures of production; and a focus on the specific constraints faced by peripheral economies. While each of these elements can be found in many contemporary theories, what makes dependency theory unique — and a particularly strong research programme — is the combination of these elements. The article demonstrates how this approach provides a deep and broad understanding that is necessary to appreciate the persistence of uneven development with reference to two case studies, namely successful industrialization in South Korea, and how the fragmentation of global value chains has impacted industrialization in Indonesia. Finally, the article argues that approaching these kinds of cases through a dependency research programme can contribute to a fruitful renewal of development studies.

You can read my twitter thread about the paper here.
I also wrote about the findings in the article in openDemocracy and Progress for Political Economy.
Categories
Critique of Mainstream Economics Economic Development Experimental Economics Publications

Impoverished Economics? A Critical Assessment of the New Gold Standard (new essay)

I wrote an essay for the World Development Symposium on Development and Poverty Alleviation. Here is the abstract:

This article situates the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in the history of thought on development, tracing how the focus, theory and methods have shifted in the field. The article evaluates theoretical and methodological critiques of the way randomized control trials (RCTs) are employed by the laureates, as well as attempts to overcome these challenges. In terms of theory, the article demonstrates what gets lost when experiments are guided by methodological individualism and assumptions of individual utility-maximizing behavior. In terms of methodology, the article unpacks the limits of RCTs related to their causal model, and their lack of attention to human agency and wider socio-economic context. Finally, the article discusses the experimental approach’s relevance for research and policy-making and cautions against any approach becoming a “gold standard,” due to the importance of pluralism for maintaining an open debate about development.

Read the full article here and do check out the other essays as well.

Categories
Dependency theory Economic Development Heterodox Economics Marx Publications

Samir Amin: A Pioneering Marxist and Third World Activist (new article)

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.

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Categories
Heterodox Economics Publications

New Working Paper: Heterodox Economics as a Positive Project: Revisiting the Debate

Screenshot 2019-08-01 at 20.18.02.pngI have a new working paper with Carolina Alves in the ESRC GPID Research Network Working Paper series.

Read a short blog post about the project or a long one.

Download the working paper here.

Categories
Discrimination in Economics In the media INET Publications

Diversity and Excellence: Not A Zero Sum Game

diverse-group-silhouette.jpgI recently published the post Diversity and Excellence: Not A Zero Sum Game along with colleagues for the Institute for New Economic Thinking’s (INET) blog series “Diversity and Pluralism in Economics: Problems and Solutions”.

Categories
Dependency theory Events Publications

Samir Amin’s Legacy and Relevance Today (DSA 2019 Panel)

Please consider submitting to this panel on the legacy of Samir Amin that I am co-convening with Maria Dyveke Styve (University of Bergen) and Ushehwedu Kufakurinani (University of Zimbabwe) at the Development Studies Association (DSA) conference at the Open University, Milton Keynes, June 19th to 21st 2019.

Categories
Publications

New Working Paper: Imputing Away the Ladder?

I recently published Imputing Away the Ladder? Implications of Changes in National Accounting Standards for Assessing Inter-country Inequalities as a Working Paper with Jacob Assa with the Global Poverty and Inequality Dynamics Research Network.

Read our blog post for the GPID network here. I also summarized our arguments in a Twitter thread.

Our findings were also covered in UnHerd. You can download our data here.

Categories
Book review Dependency theory Publications

Book Review: The Global Political Economy of Raúl Prebisch

The Global Political Economy of Raúl Prebisch (Hardback) book cover

I recently published a review of The Global Political Economy of Raúl Prebisch (ed. by Matias Margulis, 2017) in the Review of Radical Political Economics. Download the review here.