Tag: heterodox economics

Do you want to teach economics more critically? Here are some suggestions

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At the opening plenary for the annual Rethinking Economics for Africa festival, Professor Jayati Ghosh spoke of the importance of curriculum reform in economics, stressing the need to rethink the traditional divisions between sub-fields within mainstream economics. By now it is well understood that this schematic separation of studying  individual behavior into the domain of microeconomics, aggregates within macroeconomics, and issues of underdeveloped economies in development economics, sits at odds with each other, and with the real working of economies. 

This has serious implications for the teaching of economics, including both curriculum reform and pedagogy. In this post, we would like to provide fellow educators and students with a few concrete suggestions for resources that could be helpful to use in economics teaching that go beyond the conventional textbooks and curricula and also that go beyond the standard formats. In doing so, we are following the work of Sabelo Ndlovu Gatsheni in acknowledging the importance of “democratizing ‘knowledge’ from this current rendition in the singular into its plural known as ‘knowledges’” (p.18). As such, the resources below attempt to show that knowledges exist in a multiplicity of forms.

Each contributor has highlighted some resources (article, book chapter, video, blog, Twitter thread etc) they found to be particularly insightful when using this as teaching material, with a short explanation to contextualize its usefulness, especially how it allows for a teaching of economics through a more critical lens, and how it can be used to address a range of different themes within economics.

Books

1. Bank Munoz C (2017) Building Power From Below: Chilean Workers take on Walmart. Ithaca and London. Cornell University Press. 

This book is helpful in discussing the relationship between capital and labour within the aggregation level of the firm while combining insights from the aggregation level of the individual and state. It highlights how unions can build a strong countervailing power to exploitative mechanisms by revealing everyday practices and moving away from the focus on Western countries. 

#Worker’sRights #Power #Exploitation

2. Nelson J A (2012) Gender and Risk-Taking: Economics, Evidence, and Why the Answer Matters. London: Routledge. 

This book is particularly useful because it tackles a lot of different issues such as the built in assumptions when using statistics and the underlying stereotypical assumptions of business practices and policies. It is helpful for stimulating critical thinking when teaching economics and discussing gender inequalities within the aggregation level of the individual and the firm.

#EconomicAssumptions #CriticalThinking #GenderInequalities

3. Suwandi I (2019) Value Chains: The New Economic Imperialism. New York: Monthly Review Press.

Within the aggregation level of international institutions, this resource can be employed to explain how capital-labor relations are reflected on an international stage and what the impact of international treaties have on work practices. It highlights real-life examples of global value chains and the impact of multinational corporations on the dependency relationship between the Global North and Global South.

#Dependency #GlobalValueChains #Imperialism

Websites

4. I-peel.org website: The International Political Economy of the Everyday Life

This is an easily accessible source where students can follow up some of the concepts discussed during the modules and see everyday examples.

Speeches 

5. “A United Front Against the Debt.” A speech by Thomas Sankara, delivered at the Organisation of African Unity conference held in Addis Ababa, Ethiopia, 1987

https://www.cadtm.org/A-United-Front-Against-the-Debt  (16 mins)

The urgency and passion with which Sankara delivers his speech demonstrates how the debt crisis of the 1980s was an issue of justice, and of life and death; and not simply an issue of economic mismanagement or adjustment. 

#debtjustice #structualadjustment #sankara

6. Silvana Tenreyro 2021: speech on negative interest rates

This speech by Silvana Tenreyro from the Bank of England Monetary Policy Committee is a great teaching resource on the functioning of modern banking systems and the role of monetary policy. It is very accessible and explains the core concepts and real life challenges better than most textbooks.

#Banking #InterestRates

Twitter threads

7. How to decolonise international development studies today? This twitter thread summarizes a speech by Olivia U. Rutazibwa.  https://twitter.com/SussexDev/status/938818818213859328 

This thought-provoking speech by @o_rutazibwa asks key questions that are pertinent for decolonising international development: When we seek to part with coloniality, but not with the desire and imperative of global solidarity and justice, what do we keep and what do we throw out? 

#decolonisingdevelopment #coloniality 

See the full lecture here and the e-book chapter where the speech transcript is published here. 

8. DivDecEcon on the work of Thandika Mkandawire

This twitter thread is particularly useful to introduce undergraduate students to the work of Thandika Mkandawire. Making use of this as a teaching resource is great if you explicitly make students aware of the work of a very important African Economist, which can also be embedded within a broader conversation about knowledge production and dissemination, as well as which economists ideas are at the forefront of our curricula and which are not. This can make for a really robust discussion around power and more specifically around the forms in which knowledge is often shared with students. This is not to diminish the important work that exists in journal articles and books, but once again – explicitly discussing with students that knowledge can exist in many different forms (including Twitter threads), can be a useful starting point for critical engagement on what is seen as “acceptable” knowledge in economics.

#ThandikaMkandawire #TwitterThreads #KnowledgeDissemination

Blog posts

9. Güney Işıkara: Ecological breakdown: What are externalities external to?

Fantastic blog post that forces students to question the very logic of ‘externalities’ that is so prominent in discussions about environmental policies. The post also, very cleverly and clearly, demonstrates how the concept of externalities can itself be linked to ideology. 

#environmentaleconomics #greengrowth #climatechange #externalities

Articles

10. Juliette Alenda-Demoutiez & Daniel Mügge (2019): The Lure of Ill-Fitting Unemployment Statistics: How South Africa’s Discouraged Work Seekers Disappeared From the Unemployment Rate, New Political Economy 25(4): 590-606.

This is an excellent article for the purposes of teaching students about the political economy of data. It illustrates how international macroeconomic data reporting standards (particularly using the Western industrial definitions for unemployment) should be questioned. It is also a great example of showing students how to use qualitative methods to provide nuanced analysis of, in this instance, why countries use international reporting standards for development indicators, even if they do not reflect local realities well. It makes use of 25 interviews with South African statisticians, business representatives, politicians, consultants and researchers.

#Unemployment #PoliticalEconomyOfData #SouthAfrica

11. Jemima Pierre (2020): The Racial Vernaculars of Development: A View from West Africa, American Anthropologist 122(1): 86-98.

This article is especially useful to push economics students to engage with other disciplines. This could help them to see the value of pluralism through the use of an interdisciplinary approach. Asking this question is likely one that most economics students would never have engaged with otherwise: “how do we understand the processes through which racial codes are embedded and naturalised in practices ranging from the management and bureaucracy of resources extraction to the power structure of the world system that places African sovereignty below Western nongovernmental organizations and corporations?”. It can be really useful to set this article along with a more mainstream economics article on economic development. Asking students to compare and contrast these two pieces of work, can help them to see how engaging with Pierre’s work provides a much richer understanding because one is blurring the boundaries of what economics students “should” be studying.

#Development #GlobalSouthGlobalNorth #RacialVernaculars #Race

12. Sabelo J. Ndlovu-Gatsheni (2015): Decoloniality as the Future of Africa, History Compass 13(10): 485-496.

Ndlovu-Gatsheni’s article is a brilliant resource for economics students as it  ensures the “backgrounding [of] the long term impact of colonialism as a constitutive part of Euro-North American-centric modernity as it challenges the notion of colonialism being considered a mere event/episode in African history”. This type of historical understanding can be really useful to use as an introductory resource in numerous economics courses to better contextualize the importance of decoloniality, which many students may not be familiar with.

#History #Colonialism #Imperialism #Decoloniality

13. DeRock 2019: Hidden in Plain Sight: Unpaid Household Services and the Politics of GDP Measurement, New Political Economy 26(2):1-16

This article discusses the limitations of the standard systems of national accounting from the point of view of unpaid care work. The author provides detailed empirical evidence on the value of unpaid care work in economic activity, as well as a critical overview of the different theoretical considerations of why and how national accounting systems should be improved. 

#UnpaidCareWork #GDPCritique #NationalAccounting

14. Assa and Kvangraven 2021: Imputing Away the Ladder: Implications of Changes in GDP Measurement for Convergence Debates and the Political Economy of Development, New Political Economy 26(6): 985-1014.

This article provides a new understanding of the limitations of the national accounting systems that are globally adopted to measure economic activity. The authors’ analysis of how the standard national accounting systems reproduce global inequalities is thorough and accessible, further strengthening the criticisms of the GDP as a measure of economic well-being.

#Wellbeing #PoliticalEconomy #GDPCritique

15. Johnston and Land-Kazlauskas 2019: Organizing on-demand: Representation,voice, and collective bargaining in the gig economy. Conditions of Work and Employment Series (94). Geneva: ILO. 

This ILO working paper discusses a timely topic of workers rights in the gig economy. It gives an in-depth overview of the theories and empirical evidence of different forms of collective organising, and a critical analysis of how the emerging new forms of employment impact on workers’ and the economy’s well-being.

#WorkersRights #GigEconomy #Employment

Reports

16. Green New Deal Group Report 2019: Joined-up policies to solve the triple crunch of the credit crisis, climate change and high oil prices

This is a very timely report from the Green New Deal Group Report based at the New Economics Foundation. How they link key challenges facing many economies (inequality, environmental degradation and climate change) to macroeconomic policy and systemic factors related to e.g. financial systems is particularly helpful.

#Environment #Ecological #Inequality

Pamphlets

17. The Rate of Exploitation (The Case of the iPhone)

This pamphlet produced by Tricontinental is very helpful for both explaining Marx’s concept of labor exploitation and also for showing how it can be applied to the production of the iPhone specifically. It is great to demonstrate how theory can help inform the categories that we employ and how we understand a ‘real’ issue related to global production. 

This list is not intended to be a comprehensive or exhaustive list, but we hope it will be a potentially useful starting point for lecturers and/or students, to discuss more critical resources than are commonly part of an economics curricula.

These 17 suggestions have been used in teaching by Ariane Agunsoye, Michelle Meixieira Groenewald, Ingrid Harvold Kvangraven and Hanna Szymborska. 

A Detoxed Heterodox Praxis to Lead Authentic Diversification and Decolonisation of Economics

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By Lynne Chester

The mission of D-Econ (Diversifying and Decolonising Economics) is to promote inclusivity within the content and institutions of the economics discipline due to the dominance of Eurocentric thinking. This situation has occurred because of the longstanding exclusion of alternate views — based on identity (gender, race, geography), and theoretical-methodological discrimination — from the teaching of economics in higher education institutions. Thus, D-Econ argues, the knowledge base and debate of issues to be relevant to the world’s majority needs to include non-white and non-male voices as well as heterodox approaches.

D-Econ’s mission is framed at countering mainstream (conventional) economics. I think this ambition needs to be bolder. It needs to extend beyond the mainstream to explicitly encompass the entire social science discipline of economics.

Why?

The mainstream is ‘guilty as charged’. I think many within our heterodox community can be similarly charged.

Many sites that determine ‘legitimate heterodox knowledge’ cannot be characterised as always displaying tolerance and respect for difference. Contributions to heterodox conferences, workshops, journals, teachings, and more, are marred — not just on the odd occasion — by one perspective asserted as the ‘truth’, or reluctance (sometimes even open hostility) for constructive dialogue about the contributions of alternative perspectives. These practices replicate orthodoxy’s ills.

Heterodox economic scholars also have an ethical and moral obligation — thus responsibility — to ‘diversify and decolonise’ their teaching, research, and other practices given our own experiences of marginalisation, exclusion, and disregard by the mainstream. To not do so is tantamount to condoning the discriminatory practices that have buttressed the mainstream’s hegemony.

Diversification and decolonisation will not be — but should be — innate to all members of the heterodox economics community. Deliberative actions are required that require more than — as needed with the mainstream — ‘changing the narrative’.

The praxis of many heterodox economists needs to change. By praxis, I mean the activity of human beings (in this case, heterodox economists) that directly shapes both aspects of social reality (in this case, the teaching of economics and its application to explaining social reality) and themselves as producers of knowledge.

Why?

Decolonialisation is not about rewriting or erasing history. Nor can it be achieved by academics and students completing an anti-slavery awareness training module. Decolonisation is also more than the revision of curriculum content, assessment tasks, and reading lists to include scholarly works by women and persons of colour.

Decolonisation requires collective critical critique of knowledge creation through an historical lens — by whom, where, why, and how — to illuminate the embedded colonial practices that are the foundations of existing gender, racial, ethnicity, disability, class, sexuality, geographic, and other divisions.

Decolonisation also requires the ‘practice’ of an ongoing reflexive process given the institutionalised nature, and reproduction, of inequalities in the higher education sector, the primary site of knowledge production.

Decolonisation should not be conflated with diversification. Diversification is more than moving beyond the dominance of white heterosexual Eurocentric male voices in the creation and dissemination of knowledge.

Diversification is also much more deliberative than job advertisements stating that ‘women and minorities are encouraged to apply’, much more than an institution providing training in ‘conscious bias’, and much more than special journal issues, editorial boards, conference panels and workshops including women, persons of colour, or scholars from the Global South. These actions are mere tokenism, as is the advocacy and not the overt practice of theoretical-methodological pluralism in knowledge production and pluralism in the topics investigated.

To achieve and maintain substantive and authentic diversification and decolonisation of economics, the praxis of all heterodox economists needs to embrace a conjunction of interrelated actions. A single action is inadequate for the task. Moreover, unending vigilance is required to embed the ‘gains’ so that these become conceived as ‘norms’.

There are, I contend, four key interrelated actions for heterodoxy to ‘detoxify’ and lead the way on diversifying and decolonising the social science discipline of economics.

One key action is transparency about one’s ‘positionality’.  I am referring to a scholar’s social ontology — her ‘world view’ of the nature, character, basic features, structures, and constituents of social reality — and her epistemological views (how knowledge is created by, for example, observation and induction or model building and deduction). Analytical constructs reflect a chosen research methodology which, in turn, reflects ontological and epistemological beliefs. These should be rendered explicit.

Why?

The purpose of social inquiry, and the practice of economics as a social science, should be to explain an ever-changing and increasingly complex social reality. The knowledge produced needs to accord with social reality to be relevant to the many and be able to address persistent issues and crises such as the climate emergency, inequality, and global pandemics. The analytical approach of the mainstream denotes reality as a closed system devoid of social, political, and historical contexts. Thus, issues are falsely framed, and the approach is the antithesis of the research task at hand. Positional transparency evokes openness about the ‘methodological position’ the researcher has taken to the problem under investigation and thus, appropriateness to explain social reality.

Positionality reflects a scholar’s gender, race, ethnicity, history, nationality, geographic location, political views and more. Thus, positional transparency is interrelated with a second action — acknowledgement of the social construction of knowledge, and the exclusionary role that language can play.

Knowledge is situated. Any knowledge created is inevitably framed by the lives and experiences of the knowledge producers (and reflected through their positionality). The language of mainstream scholarship presents it as ‘objective’ and ‘scientific’, and thus authoritative, not influenced by the positions and lives of its creators. This is inherently dishonest and should be always called out.

Explicit acknowledgment that knowledge creation is situated in lived experiences — and thus, are arguments/analyses — recognises that a plurality of explanations is possible. As Sheila Dow wrote 25 years ago, ‘no one knowledge system can capture totality because each is partial, reflecting a vision of reality’.  Visibility of the positioned nature of knowledge will mean greater integrity in scholarship.

Further, the rhetoric deployed by knowledge producers plays a significant role in silencing underrepresented voices, and the reproduction of insular communities. Rhetoric can act as a social control mechanism by dismissing the scholarship of others as ‘biased’ or ‘unscientific’. This should not only be revealed but heterodox economists should consciously seek not to replicate. This, in turn, means clear recognition that the English language actively creates, not just conveys, the message.

Acknowledgment of the social construction of knowledge and language use leads to a third action—a transformative approach to knowledge building and learning. With the inclusion of new information and different perspectives, frank, open conversations can expose the realities of marginalisation, discrimination, and power relations, and societal privilege (not necessarily intellectual superiority) resulting in the ubiquity of white, male, Eurocentric voices.  Knowledge creation and learning then become transformative processes of mutual critique and discovery.

Transparency about positionality, meaningful recognition of the social construction of knowledge and language, and transformative processes for knowledge production and learning are the foundations to enable achievement of a fourth critical action — a decolonised economic pedagogy.

As posited by Kvangraven and Kesar, a decolonised economic pedagogy is effectively structured around at least the following: the economy is consistently treated as embedded within the social sphere; explicit acknowledgement of the bias and values inherent to different perspectives, and the repression of some epistemologies by others; not relying on one perspective or approach nor advocating universality of explanation; exposing students to the Eurocentric underpinnings of different theoretical perspectives; the presentation of knowledge within its colonial and post-colonial contexts; exposing the spectrum of power inequalities within communities; and, taking a student-centred approach to pedagogy requiring teacher-student co-responsibility to create a common co-operative learning space and to create knowledge.

Ongoing attention and effort focused on these four interrelated actions as a conjunction — by all heterodox economists, not a few — will drive meaningful change to the practice and teaching of economics through authentic diversification and decolonisation. If not, the praxis of heterodoxy will remain as susceptible to charges of insularity, bias, and discrimination as the mainstream.

These comments extend those I made, earlier this year, as a participant in the URPE@ASSA panel Diversity in Heterodox Economics: Radical Solutions for an Old Problem organised by D-Econ, and the inaugural webinar of the Association of Heterodox Economics series Heterodox Economics Goes Global .

Lynne Chester is an Associate Professor at the Faculty of Arts and Social Sciences at the University of Sydney.

Note: This post was originally published at the Progress in Political Economy (PPE) blog and is reproduced here with the permission of the author.

Image credit: Brooke Anderson