This session covers Reading 5: Three chapters from A Market Theory of Money by John Hicks (1989) In these three chapters, Hicks starts with the idea that the primary function of money is to serve as a "standard of value" for the market. From there, he argues that the institution of banking as market making …
The YSI Economic History (EH) and YSI Africa Working Groups will lead a young scholar workshop at the occasion of the World Economic History Congress in Paris this summer. The WEHC is the major international event for our international community. The workshop offers a one-day experience for early-career researchers with mentorship from the YSI EH …
Gathering 25 young economics scholars to celebrate YSI's 10th birthday and revive interest in the YSI network. Join us for an evening of networking and chatting over current issues and exploring opportunities of engagement with the YSI community!
Introduction In this moment of crisis, worker cooperatives are a reliable, proven solution to address the loss of jobs and income inequality. COVID-19 has devastated the small business community, and the clock is ticking on permanent shutdowns of small businesses. 45 percent of businesses believe they have less than six months until a permanent shutdown …
The Role of Worker Cooperatives in the Post Covid-19 Recovery Read More »
This is the first of two sessions for reading and discussing Morgan Ricks' book The Money Problem. In this session we will cover the Introduction and Part 1 (through chapter 4). From the jacket:"Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analyzed it, …
This session covers Lecture 11: Banks and the Market for Liquidity This lecture generalizes the Treynor model from security dealers to money dealers and explores the question of why it's profitable for banks to run the payment system at par when prices can't adjust and there's no bid/ask spread. We also talk about how the …
Discussion — Lecture 11: Banks and the Market for Liquidity Read More »
The outbreak of covid-19, the Russo-Ukrainian war, and the slowdown of important global economies such as the USA and China have brought new economic difficulties to all countries in the world, but especially to developing countries. Do these new difficulties intensify or bring new possibilities for catch-up strategies for developing countries? Conventional economic theory has …
Young scholars near Harare, unite! This is a chance to gather and cheers to YSI.
This session of the webinar series will feature Prof. Barbara Harriss-White. She is the Emeritus Professor of Development Studies, Emeritus Fellow of Wolfson College , Oxford University and a Visiting professor at JNU. Abstract While Polanyi argued that a society dominated by market exchange – market society – was a dehumanised contradiction in terms, both …
The summer school is held fully online The 5th UNCTAD YSI Summer School provides an opportunity to explore the Challenges and Opportunities of a New International Economic Order. The school will bring together UNCTAD experts, academics, diplomats, and young scholars from across the globe for lively and stimulating intellectual debates. The world economy is in …
May 11th Nikolas Schiozer: "Price formation, income inequality and macroeconomic performance as coevolutionary phenomena in an agent-based model" May 19th Apurva Ashish Tudekar "IMPACT OF CURRENT ACCOUNT IMBALANCE ON UNEMPLOYMENT" June 8th Lilian Nogueira Rolim "The impact of international trade shocks on economic growth and income distribution in an agent-based macroeconomic model" July 6th Simon …
This session covers Lecture 12: Lender/Dealer of Last Resort We can better understand how the central bank intervenes in the markets by first understanding the markets themselves. The lecture applies what we've learned so far to understanding how the 2008 crisis unfolded and how it was eventually contained. The shadow banking system collapsed onto the …
Discussion — Lecture 12: Lender/Dealer of Last Resort Read More »