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Modern Monetary Theory: A Critical Introduction
Brooklyn Institute for Social Research
With the conspicuous failure of austerity measures in the wake of the 2008 financial crisis, and with the discourse surrounding the U.S. national debt shifting from alarmism to benign acceptance, Modern Monetary Theory, a relatively new (or perhaps not so new) conceptualization of money and government finance, has gained traction and attention in both heterodox economics and mainstream policy circles. For Modern Monetary Theorists, governments do...
Time and Capitalism: The Economics of the Clock
Brooklyn Institute for Social Research
Among the most profound ruptures initiated by the emergence of industrial capitalism was the rearrangement of our senses of time. Once tethered to seasonal, celebratory, or even cosmic temporalities, time in capitalist society was not only characterized by the regularity of clock-time, but specifically as the waged “labor hour” or work-time. Working-time has three dimensions: length, intensity and distribution. Without the ability to...
Development and Underdevelopment
Brooklyn Institute for Social Research @ Online Classroom
Development and Underdevelopment: Political Economy and Colonialism What do we mean when we talk about economic development? Debates over development and underdevelopment blend questions of economic and political theory, economic history, colonialism and post-colonialism, and regional and cross-country comparison. In this course, we will explore the concept and practice of modern economic development, comparing mainstream and heterodox theories...
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Economics and the Value of Everything
Brooklyn Institute for Social Research @ Online Classroom
Economics and the Value of Everything: an Introduction to Mariana Mazzucato In a field dominated by neoclassical orthodoxy, Mariana Mazzucato has upended conventional understandings of the private sector, the state, and even economic value itself to produce work that has seized the attention not only of fellow economists, but also of policy makers across the world—and across the political spectrum. In her first major work, The Entrepreneurial...
Social Reproduction Theory: Gender, Labor, & Capitalism
Brooklyn Institute for Social Research @ Online Classroom
“If workers produce commodities,” the feminist theorist Tithi Bhattacharya asked, “who produces the workers?” It’s a question that lies at the heart of Social Reproduction Theory, a body of Marxist-feminist critique that seeks to identify and describe the labor that’s required to reproduce workers and, as such, capitalist society as a whole. First enunciated in the demand for “Wages for Housework,” Social Reproduction Theory explodes...
Giovanni Arrighi: The Long 20th Century
Brooklyn Institute for Social Research @ Online Classroom
Do recurring economic crises suggest that capitalism itself is in terminal decline? For the sociologist and world-systems theorist Giovanni Arrighi, “capitalist history is indeed at a turning point,” but the moment of crisis “is not as unprecedented as it may appear at first sight.” As he argues in The Long Twentieth Century, his classic analysis of world capitalism from the 16th century to the present day, contemporary instability repeats...
Feminist Economics: An Introduction
Brooklyn Institute for Social Research @ Online Classroom
Traditional economic thinking posits a frictionless universe of rational actors, profit-pursuing firms, and the harmonious equilibrium of supply and demand. What’s lost in this sanitized picture of economy is any recognition of the hierarchies that not only shape economic behavior and opportunity, but also, at the root, make capitalist economy exploitative and unequal—chief among these, gender relations. Often falling upon women are the tasks...
Introduction to Marxist Economics
Brooklyn Institute for Social Research @ Online Classroom
Explore the economic concepts underlying Marx's theory of capitalism and their relevance in today's world. Unravel the labor theory of value, surplus value, and the organic composition of capital to understand the interplay of production and exploitation. Discover the power and limits of Marxist economics in comprehending and critiquing the capitalist system.
Capital, Colony, Core: an Introduction to World-Systems Analysis
Brooklyn Institute for Social Research @ Online Classroom
Explore the global dynamics of capitalism, as well as its roots and impact on societies with a study of Immanuel Wallerstein's World Systems Analysis at the Brooklyn Institute for Social Research. Uncover the interconnectedness of core, semi-periphery, and periphery nations. Gain an understanding of global capitalism and its potential alternatives.
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