Review of Economics and Economic Methodology

Volume VI, Issue 1, ​Summer 2022 is finally out!!

It was worth the wait - we introduce an issue full of interesting contributions by established scholars and inspiring authors.

Read about the corporate legal personhood, how it is different from the economic firm, and what are the consequences of this separation (by D. Ellerman). Check out what the fiscal consequences would be if we implemented Marcora worker-ownership model in Slovenia (by E. Galevska et al.). See what the suggested economic methodology has to offer (by Alexandru-Stefan). Interested to understand why Kuhn's framework evaluates the debate between Keynesian GT and Walrasian GE (by Heise). Interested in a Lundian approach to the savings theory (by Tarrazo)? Finally, check out the book review of Eating NAFTA (2018) (by Balaji).

All papers are open-acess. Download them and check out our upcoming call for papers at http://www.reemslovenia.com/

Exploring Economics' 1st Online Conference : "Which Pluralism?"

A two-day conference for thinking about how to achieve a more sustainable and resilient economy. The practices, institutions and system logics of today's economy are not suitable for appropriately addressing fundamental human needs. The climate crisis, in particular, requires radically rethinking of our economic system and its global value chains.

In collaboration with Review of Economics and Economic Methodology, which will publish the selection of articles from the conference.

Link of registration here - https://uni-koeln.zoom.us/meeting/register/tJApdOmtqD8iHdXzhaHN7KPPz_JptYK32Jn1

More information here - https://www.exploring-economics.org/en/participate/call-for-papers/future-of-economics?utm_content=buffer4abe3&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer&fbclid=IwAR29JUKrX-wUyDyZ6mdCEkG_CBgU33h63TBHnGWEzAqpyTBmmrXc1vChHbY

We are happy to announce a new special issue!

In collaboration with Frankfurt-based Exploring Economic, we are issuing a special call for papers on the topic of economic pluralism.

Read more on the project here: https://www.exploring-economics.org/en/participate/call-for-papers/future-of-economics

Special edition on inequality finally out! Check our website - https://www.reemslovenia.com/.

This edition's contributions are:

👉 Ivan Rubinić (Editorial Address) – Inequity, Inequality, Insecurity: Introduction to REEM Special Issue
👉 Nikos Stravelakis - Inequality in Marx and Piketty: Theory and Policy Implications
👉 Marko Tomljanović, Pavle Jakovac, and Dejan Bodul – Contemporary Factors of Economic Growth and Competitiveness:
👉 Tej Gonza (Critical Comment on 'Capitalism Alone' by Branko Milankovič) – OK, Capitalism
👉 Ridhiman Balaji (Review Essay on 'Economics in the 21st Century' by Robert Chernomas and Ian Hudson) - Mainstream Discourse on Inequality
👉 Rosselia Viggiano – Social Capital and Innovation: Evidence from the US (1997-2014)
👉 Petar Milijić (Book Review) – Tyranny of Merit: What's Become of the Common Good' by Michael J. Sandel

While you're reading our latest volume, please consider our open call for papers. This time it is a general issue with no special theoretical, methodological, or political focus, but is, as usually, limited to heterodox approaches in economics and related interdisciplinary fields.

Our website has been offline for a few days due to technical issues. We are sorry about that.

Sit tight, we'll be right back!

In anticipation of our Inequality special issue 2020: The new report shows the unsurprising result - wealth inequality is getting worse. While we are getting record earners, we are also getting broad-based wealth stagnation.

More in Credit Suisse Wealth Report 2020.

Global wealth report The most comprehensive and up-to-date resource of its kind. Our Global wealth report analyzes the household wealth of 5.2 billion people across the globe.

✌️
Two papers from the upcoming special issue on inequality pre-published.

Check out full PDFs on our website or wait for the special issue to come out sometime until the end of 2020.

Also - we are already calling for the next, general issue. What do you have to publish in 2021? 🎆🎆🎆 Surprise us (and the rest of the world of heterodox economics)!

We are delighted to announce that the Review of Economics and Economic Methodology has become a part of the journal list endorsed by the Italian Association for the History of Political Economy (STOREP Associazione Italiana per la Storia dell'Economia Politica).
We greatly appreciate STOREP's support of our young collective, and we invite STOREP members to participate in upcoming REEM editions. Likewise, we encourage REEM followers to familiarize themselves with the ample opportunities offered by STOREP, and we would like to make a note of their excellent annual conference held earlier this month.
More information is available at:

Journals Adam Smith Review The Adam Smith Review is a refereed multidisciplinary scholarly annual review, sponsored by the International Adam Smith Society, which provides a unique forum for vigorous debate…

Deepening economic inequality should remain one of the main talking points. We invite all of you to contribute to the next, Inequality special issue.

More info 👉https://www.reemslovenia.com/

With a slight delay, our special issue is out!

Methodology of Economics: How Mathematicians Explain - Or Should They?

Download the full issue on the link below or visit our website.

https://www.reemslovenia.com/uploads/7/0/4/8/70484101/mathematics_and_explanation_2020.pdf
____________

Table of contents:

Andrej Srakar (Editorial address) – For More Mathematics and Theory in Economics

David Ellerman - How Mathematics Obscures Conceptual Errors in Arrow-Debreu General Equilibrium Model

Aleksandar Kešeljević – On Methodological Pluralism in Economics

Romar Correa – Control Theory Without Controls

Maik Huettinger and Aras Zirguli- Controversies Regrading the TTIP Agreement in the Academic Literature

Jesus G. Muñoz Bandala – A Complex but Interesting Relation: Keynes, Mathematics, and Statistics

Irene Sotiropoulou – Social and Solidarity Economy: A Quest for Appropriate Quantitative Methods

Ivan Rubinić (Book review) – The Wealth of (Some) Nations: Imperialism and the Mechanics of Value Transfer

We have extended the deadline for the special issue on Inequity, inequality, and insecurity. New deadline for your contribution now September 31st 2020.

See the full call on our website - https://www.reemslovenia.com/open-calls.html

There is absolutely no doubt that the homo economicus have set their foot in, or to be more precise returned to, the age of inequality. Massive concentration and centralization of wealth, growing capital-labor antagonism, soaring core-periphery division, expansion of interpersonal inequalities and inequalities of opportunity, restricted inter-class mobility and assortative mating, unequal taxation and across-the-board decline of worker’s living standards, are a few dimensions indicating that inequality has gone awry. There are ample reasons why 2019 can be seen as the year when economic inequality continued to dominate the mainstream theoretical landscape. Besides the deluge in academic writings and public debates, the fact that economic inequality became a matter of general public concern is self-evident once it is acknowledged that the Nobel Prize in Economics was awarded to Banerjee, Duflo, and Kremer, for their experimental approach to poverty. Moreover, the previous laureate, Krugman confessed that the international trade and growth models vastly underestimated the effects on jobs and inequality. Additionally, this year was permeated with numerous works on inequality which can justifiably be labeled as seminal studies. These are, inter alia, Milanović’s “Capitalism Alone”, Piketty’s “Capital and Ideology”, Stilwell’s “Political Economy of Inequality”, Saez and Zuckman’s ”The Triumph of Injustice”, Pistor’s “The Code of Capital”, Cope’s “The Wealth of (Some) Nations”, and Boushey’s “Unbound”. In light of this, it comes as no surprise that our special issue is devoted to the continuation of efforts in raising the awareness of the role that the inequality phenomena has in relation to the “ordinary business of life” and sustainable societal provisioning.