New Teaching Materials

For the book we collected all the good teaching materials we find per building block, topic and theoretical approach. With this we hope to help educators and students in learning about often neglected aspects of economic thinking and knowledge. But this kind of work is luckily never over and finished. Since the publication of the book many useful new teaching materials have been published. Here we provide an overview of new teaching materials. If you notice that we miss anything, please let us know.

Macroeconomic Principles and Problems: A Pluralist Introduction (2nd edition) by Geoffrey Schneider

Macroeconomic Principles and Problems: A Pluralist Introduction offers a comprehensive overview of the major topics in modern macroeconomics, from mainstream and heterodox perspectives.

This textbook examines the key macroeconomic problems and policy debates facing contemporary society, including economic crises, sustainability, fiscal and monetary policy, government debt, state-led vs. market-led approaches for growth, and unregulated trade vs. protectionism.

Written in an engaging style and focused on real-world examples, this textbook brings macroeconomics to life. Multiple examples of how each economic model works, coupled with critical analysis of the assumptions behind them, enable students to develop a sophisticated understanding of the material. Digital supplements are also available for students and instructors.

Lecture series: [ECO]NOMICS by Juliet Schor

In this four-part lecture series, Professor Juliet Schor (Boston College) guides us through the economics of climate change.

Climate change is already here. Governments have failed to curb carbon emissions and are continuing to subsidize fossil fuel production. This is not happenstance, nor is it an accident. Those who have most to gain from polluting and destroying the climate have the power to do so, while those most at risk have the least power to stop it. Economists have been central to this failure to respond to the crisis, and their approach has undermined action.

An Introduction to Macroeconomics A Heterodox Approach to Economic Analysis (2nd edition) by Louis-Philippe Rochon and Sergio Rossi

The second edition of this important textbook introduces students to the fundamental ideas of heterodox economics. It is written in a clear way by top heterodox scholars. This introductory book offers not only a critique of the dominant approach to economics, but also presents a positive and constructive alternative. Students interested in an explanation of the real world will find the heterodox approach not only satisfying, but ultimately better able to explain a money-using economy prone to periods of instability and crises.

Post-Keynesian Economics: New Foundations (2nd edition) by Marc Lavoie

Students in economics are ever more distressed by the disconnect between mainstream economics and the real world. This book shows how post-Keynesian economics constitutes a coherent heterodox alternative, based on realistic assumptions and the integration of the financial and real sides of the economy, with an emphasis on the many paradoxes that arise in a truly macroeconomic analysis. The book is a considerably revised and updated version of the widely used and frequently cited 2014 edition, which won the EAEPE Myrdal Prize (now the Joan Robinson Prize).

Handbook of Banking and Finance in Emerging Markets by Duc Khuong Nguyen

Emerging markets are increasingly facing significant challenges, from a slowdown in productivity, rising debt, and trade tensions to the adverse effects of proliferating global uncertainty on domestic financial systems. This incisive Handbook examines the ongoing dynamics of global financial markets and institutions within the context of such rising uncertainty and provides a comprehensive overview of innovative models in banking and finance.

A Brief History of Economic Thought From the Mercantilists to the Post-Keynesians by Hassan Bougrine & Louis-Philippe Rochonms

It is now widely acknowledged that history is useful, even essential, because it helps us predict the future. The history of ideas in economics, as in other fields of inquiry, plays an important role in enlightening current researchers as they endeavour to understand contemporary events and anticipate the future of human societies. This book brings together a fine collection of chapters that span contributions from forgotten classics to the most recent new thinking about critical issues such as growth, wealth, its creation and its distribution among members of society. It is A Brief History of Economic Thought, but it will certainly go a long way in helping undergraduate students and other researchers who are curious about the evolution of economic ideas over the last five centuries.

Complexity Theory and the Social Sciences The State of the Art By David Byrne, Gillian Callaghan

This expanded and updated edition of Complexity Theory and the Social Sciences: The State of the Art revisits the use of complexity theory across the social sciences and demonstrates how complexity informs approaches to various contemporary issues in the context of the COVID-19 pandemic, widening social inequality, and impending social and ecological catastrophe wrought by global warming.

Principles of Institutional and Evolutionary Political Economy: Applied to Current World Problems by Phillip Anthony O’Hara

This is the very first book to explicitly both detail the core general principles of institutional and evolutionary political economy and also apply the principles to current world problems such as the coronavirus crisis, climate change, corruption, AI-Robotics, policy-governance, money and financial instability, terrorism, AIDS-HIV and the nurturance gap. No other book has ever detailed explicitly such core principles and concepts nor ever applied them explicitly to numerous current major problems. The core general principles and concepts in this book, which are outlined and detailed include historical specificity & evolution; hegemony & uneven development; circular & cumulative causation; heterogeneous groups & agents; contradiction & creative destruction; uncertainty; innovation; and policy & governance.

Economic Well-Being: An Introduction by Deborah M. Figart and Ellen Mutari

An economy is about people and the purpose of an economy is their well-being. This economics textbook is written with this central insight at the core. Economic Well-Being: An Introduction introduces students to modern economics grounded in capabilities theory and empirical economic practice. This modern approach uses social provisioning (rather than scarcity) as a starting point for defining economic life.

The text focuses on evolving economic institutions, complex economic behavior, and lively debates that accurately represent pluralist viewpoints. It highlights issues of sustainability, inclusion, and economic justice. While targeting students in social work and other human service careers, it is appropriate for traditional economics majors as well—with economic literacy shown as a useful tool for diverse careers.

Post-Corona Capitalism: The Alternatives Ahead By Andreas Nölke

The COVID-19 pandemic is a Rorschach test for society: everyone sees something different in it, and the range of political and economic responses to the crisis can leave us feeling overwhelmed.

This book cuts through the confusion, dissecting the new post-coronavirus capitalism into several policy areas and spheres of action to inform academic, policy and public discourse.

Covering all the major aspects of contemporary capitalism that have been affected by the pandemic, Andreas Nölke deftly analyses the impacts of the crisis on our socio-economic and political systems. Signposting a new era for global capitalism, he offers alternatives for future economic development in the wake of COVID-19.

Handbook of Alternative Theories of Political Economy by Frank Stilwell, David Primrose and Tim B. Thornton

This new impressive pluralist collection of essays introduces political economy as an area of knowledge and its relations with capitalism, freedom, climate change, social movements and other academic disciplines. Furthermore it helps readers understand different schools of thought from Polanyian and Georgist to regulation and postcolonial political economy.

Public debt: threat or opportunity? by Barry Eichengreen and Ugo Panizza

Besides publishing full open-access textbooks, CORE also publishes ‘Insights’ which are self-contained educational resources with readings, interactive online questions, home work exercises and data exploration. In this CORE insight students learn about the history, political economy, dynamics and management of public debt, with a focus on recent mainstream research.

Voices on the Economy: How Open-Minded Exploration of Rival Perspectives Can Spark Solutions to Our Urgent Economic Problems by Amy S. Cramer & Laura Markowitz

A fantastic new open-access US-focused textbook that introduces economic thinking and covers a wide range of topics from housing and international trade to the environment and the federal budget in a highly accessible, pluralist and didactically strong way. The book consistently presents the conservative free-market, liberal fair-market and radical democratic socialist perspectives next to each other to help students better understand and operate in economic and policy discussions. Each chapter also contains creative classroom exercises and activities, as well as more traditional test questions.

Economics, Social Science and Pluralism: A Real-World Approach by Víctor A. Beker

This book argues economics should go back to its roots as social science and describes how the discipline evolved over time from the classics, Walras and Keynes to Arrow-Debreu, Friedman, and New Keynesianism. To our amazement the last three chapters are devoted to the three principles of Economy Studies, respectively Real-World, Pluralism and Values.

The Legal Foundations of Micro-Institutional Performance: A Heterodox Law & Economics Approach by Sarah S. Klammer and Eric A. Scorsone

The field of law and economics is often reduced to the application of neoclassical theory to economic law. This book makes an important contribution by broadening the focus by building on the ideas of old institutional economists and Wesley Hohfeld. With these ideas a micro legal-economic performance framework is created and applied to recent cases, such as common property and fisheries management, and Uber versus drivers. 

Constructing Economic Science: The Invention of a Discipline 1850-1950 by Keith Tribe

An important book on the origins and institutionalization of the discipline. It compares developments in Britain, Germany, France, the US and Ireland, and pays particular attention to commercial education and why Cambridge and Alfred Marshall shaped the discipline more than Oxford and historical economics did.

Anti-Blanchard Macroeconomics: A Comparative Approach (Second Edition) by Emiliano Brancaccio and Andrea Califano

Olivier Blanchard, former chief economist of the International Monetary Fund (IMF), is author of one of the most important standard macroeconomics textbooks, which is used throughout the world. Endorsed by Blanchard himself, Anti-Blanchard Macroeconomics critically analyzes prevailing economic theory and policy in comparison with alternative approaches. This thoroughly revised edition represents a field of research that has developed through intense theoretical debates, continual empirical testing and the resultant disputes about economic policy.

The Microeconomics Anti-Textbook: A Critical Thinker’s Guide (Second Edition) by Rod Hill and Tony Myatt

In this fully updated and expanded edition of their celebrated book, Professors Rod Hill and Tony Myatt lay out the essentials of each topic in the standard texts in a clear and concise way, before presenting an ‘anti-text’ analysis and critique. Challenging the assumptions, arguments, and models, Hill and Myatt provide the essential guide to decoding the textbooks, and show that real economics is far more interesting – and subversive – than the simplistic version presented to students.

Community Economies in the Global South: Case Studies of Rotating Savings, Credit Associations, and Economic Cooperation by Caroline Shenaz Hossein and Christabell P. J.

People everywhere engage in social and solidarity economics to help themselves, community, and society on their own terms. Through a specific form of mutual aid, we examine the people who conscientiously organize financial cooperatives known as rotating savings and credit associations (ROSCAs) to bring positive changes to their own lives as well as others. ROSCAs are an ancient practice which are well documented, especially among Global Majority people. This book spotlights people in Latin America, Africa, Southeast Asia, and Asia who organize and use ROSCAs, commoning and similar cooperative systems, which are made up of voluntary members who cooperatively make regular contributions to a fund that is given in whole or in part to each member in turn. These collective money structures vary greatly across countries in the Global South, composed of ordinary people belonging to similar class origins. People who take up these systems decide on the rules jointly and in the interests of the collective, the members. 

The Sharing Economy in Europe: Developments, Practices, and Contradictions by Vida Česnuitytė, Andrzej Klimczuk, Cristina Miguel, & Gabriela Avram

This open access book considers the development of the sharing and collaborative economy with a European focus, mapping across economic sectors, and country-specific case studies. It looks at the roles the sharing economy plays in sharing and redistribution of goods and services across the population in order to maximise their functionality, monetary exchange, and other aspects important to societies. It also looks at the place of the sharing economy among various policies and how the contexts of public policies, legislation, digital platforms, and other infrastructure interrelate with the development and function of the sharing economy. The book will help in understanding the future (sharing) economy models as well as to contribute in solving questions of better access to resources and sustainable innovation in the context of degrowth and growing inequalities within and between societies. It will also provide a useful source for solutions to the big challenges of our times such as climate change, the loss of biodiversity, and recently the coronavirus disease pandemic (COVID-19). This book will be of interest to academics and students in economics and business, organisational studies, sociology, media and communication and computer science.

Economic and Monetary Sovereignty in 21st Century Africa by Maha Ben Gadha, Fadhel Kaboub, Kai Koddenbrock, Ines Mahmoud and Ndongo Samba Sylla

This collection is the first to offer a wide-ranging, comparative and historical look at how African societies have attempted to increase their policy influence and move beyond neoliberal orthodoxy and US-dollar dependency. It traces the recent history of African monetary and financial dependencies, looking at the ways African nations are resisting colonial legacies. Using a comparative, multi-disciplinary approach, this book uncovers what went wrong after the Pan-African approaches that defined the early stages of independence, and how most African economies fell into the firm grip of the IMF, World Bank, and the EU’s strict neoliberal policies.

Advanced Introduction to New Institutional Economics by Claude Ménard and Mary M. Shirley

New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited?

Understanding Global Social Policy by Nicola Yeates and Chris Holden

With a contemporary overview of global social policy formation, the third edition of this leading textbook identifies key issues, debates and priorities for action in social policy across the Global South and North. Accessible and lively, it incorporates seven new chapters covering theory, social justice, climate, migration, gender, young people and water, energy and food. The original chapters have also been fully updated to reflect major developments in the fast-changing world of global social policy.

An Introduction to Macroeconomics by Alex M. Thomas

The book provides a lucid and novel introduction to macroeconomic issues. It introduces the reader to an alternative approach of understanding macroeconomics, which is inspired by the works of Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and Piero Sraffa. It also presents the reader with a critical account of mainstream marginalist macroeconomics. The book begins with a brief history of economic theories and then takes the reader through three different ways of conceptualizing the macroeconomy. Subsequently, the theories of money and interest rates, output and employment levels, and economic growth are discussed. The book ends by providing a policy template for addressing the macroeconomic concerns of unemployment and inflation. The conceptual discussion in Macroeconomics is situated within the context of the Indian economy. Besides using publicly available data, the contextual description is instantiated using excerpts from works of fiction by Indian authors.