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real-world economics review Click here to subscribe for free and receive immediate access to the current issue ____________________________________________________________________________________________ return to home page and most recent issues Browse individual RWER papers in back issues issues 48 to 36 ___________________________________________________________________________________________ Issue 48 - 6 December 2008 How should the collapse of the world financial systemaffect economics? - Part I After 1929 economics changed: Will economists wake up in 2009? Geoffrey M. Hodgson download pdf 273 The economics of collapsing markets Frank Ackerman download pdf 279 Economics needs a scientific revolution JP Bouchaud download pdf 291 The financial crisis - Part III Reforming the world's international money Paul Davidson download pdf 293 How to deal with the US financial crisis Claude Hillinger download pdf 306 The crisis and what to do about it George Soros download pdf 312 On being "competitive": the evolution of a word David George download pdf 319 The state of China's economy 2009 James Angresano download pdf 335 Hedonic man: The new economics and the pursuit of happiness Allen Wolfe download pdf 351 ___________________________________________________________________________________________ Issue 47 - 3 October 2008 What would a scientific economics look like? Peter Dorman download pdf 166 Sen’s economic philosophy: The revival of economics as a moral science L. A. Duhs download pdf 173 New thinking on poverty Paul Shaffer download pdf 192 The financial crisis – Part II How far could the US dollar fall? Jacques Sapir download pdf 232 What’s in a number? The importance of LIBOR Donald MacKenzie download pdf 237 Progressive conditions for a bailout Dean Baker download pdf 243 Comment Editor’s note The paper by Helen Johns and Paul Ormerod, “The unhappy thing about happiness economics“, that appeared in the last issue of this journal has attracted an uncommonly large number of readers. In addition to downloads of the whole issue, Johns and Ormerod’s paper has to date been downloaded over 12,000 times, more than twice the average rate. Given this strength of interest and the paper’s strong and consequential thesis, a dozen leading practitioners of happiness economics have been approached, offering them a chance to reply. So far none have ventured forth. If there is any economist out there who feels capable of rebutting all or part of Johns and Ormerod’s arguments, then a space awaits them in this journal. “A XXI-century alternative to XX-century peer review” by Grazia Ietto-Gillies in issue no. 45. Comments: Donald W Braben, Roland Fox, Stevan Harnad, Marco Gillies, Paul Ormerod, Menakhem Ben-Yami download pdf 250 Rejoinder: Grazia Ietto-Gillies download pdf 259 Regarding articles by Margaret Legum and Jim Stanford Economic freedom is negative liberty Joshua C. Hall, Robert A. Lawson and Will Luther download pdf 261 Rejoinder: “Economic freedom” Jim Stanford download pdf 263 Opinion If it ain’t broke, don’t fix it… Post autism and political correctness Benjamin H. Mitra-Kahn and Editor’s Note download pdf 265 When the going gets tough, economists go very quiet Simon Jenkins download pdf 268 ___________________________________________________________________________________________ Issue 46 - 20 May 2008 The Financial Crisis The housing bubble and the financial crisis Dean Baker download pdf 73 Global finance in crisis Jacques Sapir download pdf 82 End-of-the-world trade Donald MacKenzie download pdf 102 An overview of climate change Neva Goodwin download pdf 110 The unhappy thing about happiness economics Helen Johns and Paul Ormerod download pdf 139 Economics, conflict and war Fanny Coulomb and J. Paul Dunne download pdf 147 Opinion Milton Friedman and Trofim Lysenko David A. Bainbridge download pdf 158 The IMF's historic transition: Is less better? Mark Weisbrot download pdf 160 The great unravelling Jayati Ghosh download pdf 162 ___________________________________________________________________________________________ Issue 45 - 15 March 2008 Risk, inequality and the economics of disaster Marcellus Andrews download pdf 2 A XXI-century alternative to XX-century peer review Grazia Ietto-Gillies download pdf 10 Trade and inequality: The role of economists Dean Baker download pdf 23 Beyond economic fundamentalism Riccardo Baldissone download pdf 33 A short critique of the Stern Review Ted Trainer download pdf 54 Markets, plitices and freedom in the work of Hannah Arentdt Kevin Quinn download pdf 59 Opinion The case for mitigating greenhouse gas emissions Kenneth J. Arrow download pdf 66 Stagflation cometh Joseph E. Stiglitz download pdf 68 His and hers economics Brian Snowdon download pdf 70 ___________________________________________________________________________________________ Issue 44 - 9 December 2007 Economics for a warming world download pdf Frank Ackerman Climate change, global ethics and the market download pdf Jorge Buzaglo The global economy bubble equilibrium download pdf Ian Fletcher High finance -- a game of risk: Subprimes, ninja loans, derivatives and other financial fantasies download pdf Frederic Lordon Orthodox economic education, ideology and commercial interests: Relationships that inhibit poverty alleviation download pdf James Angresano The U. S. employment effects of military and domestic spending priorities Robert Pollin and Heidi Garrett-Peltier download pdf Opinion World too complex for one-size-fits-all models download pdf Dani Rodrik What is the right size? download pdf Margaret Legum Margaret Legum , economist, author and anti-apartheid activist 1933--2007 The Times , The Guardian , The Independent ___________________________________________________________________________________________ Issue 43 - 15 September 2007 Growing inequality in the neo-liberal heartland George Irvin 2 Science, ideology and development: Is there a ‘Sustainability Economics’? Peter Söderbaum 24 Why is economics not yet a pluralistic science? John B. Davis 42 Note Grounding the conversation to ensure a better textbook Tom Green 52 Opinion French elections: start of a new phase Margaret Legum 57 Economic freedom for the rest of us Jim Stanford 59 ___________________________________________________________________________________________ Issue 42 - 18 May 2007 Is there life after Samuelson’s Economics? Changing the textbooks Arjo Klamer, Deirdre McCloskey, and Stephen Ziliak 2 Finding the ratchet: The political economy of carbon trading Donald MacKenzie 8 What industries does multiple-equilibrium trade theory recommend? Ian Fletcher 18 Narrative pluralism Edward Fullbrook 22 Notes The macroeconomics of down-shifting: A suitable case for modelling? John King and Max Wright 44 A note on the paper by Alan Goodacre Kurt W. Rothschild 46 Opinion Prizes, not patents Joseph E. Stiglitz 48 Should we aspire to a high score for “economic freedom”? Margaret Legum 50 ___________________________________________________________________________________________ Issue 41 - 5 March 2007 What would post-autistic trade policy be? Alan Goodacre 2 On the need for a heterodox health economics Robert McMaster 9 True cost environmental accounting for a post-autistic Economy David A. Bainbridge 23 Does John Kenneth Galbraith have a legacy? Richard Parker 29 Labour rights in China Tim Costello, Brendan Smith and Jeremy Brecher 34 Endogenous growth theory: the most recent revolution” in economics Peter T. Manicas 39 ___________________________________________________________________________________________ Issue 40 - 1 December 2006 Is the U.S. a Good Model for Reducing Social Exclusion in Europe? John Schmitt and Ben Zipperer (Center for Economic and Policy Research, USA) 2 Increasing Inequality in the United States Dean Baker (Center for Economic and Policy Research, USA] 18 The Nature of Heterodox Economics John B. Davis (University of Amsterdam and Marquette University, Netherlands and USA) 23 Beyond Talking the Talk: towards a critical pluralist practice Alan Freeman and Andrew Kliman (Uni. of Greenwich, UK and Pace Uni., USA) 31 Social Cohesion vs. Social Change Rick Wolff (University of Massachusetts, Amherst, USA) 54 Economics in the Financial Times Baroque Fantasies of a Peculiar Science Philip Ball 57 Shun the rational agent to rebuild economics Paul Ormerod 59 ___________________________________________________________________________________________ Issue 39 - 1 October 2006 The Future of Economic Policy Making by Left-of-Center Governments in Latin America Juan Carlos Moreno-Brid and Igor Paunovic 2 Latin America: The End of an Era Mark Weisbrot (Center for Economic and Policy Research 8 Will Computers Really Decentralize the Economy? Ian Fletcher 26 Is New Labour’s ‘Third Way’ new or just hot air in old bottles? Grazia Ietto-Gillies 31 A Solution to the Alleged Inconsistency in the Neoclassical Theory of Markets: Reply to Guerrien's Reply Deirdre McCloskey 48 Opinion Keynes without Debt Ron Morrison 51 The Dream of Creativeness as Outcome of Political Economy Margaret Legum 54 ___________________________________________________________________________________________ Issue 38 -1 July 2006 What Is Neoclassical Economics? Christian Arnsperger and Yanis Varoufakis The Autistic Economist Stanley Alcorn and Ben Solarz Japan's Alternative Economics Sanford Jacoby Game Theory, Freedom and Indeterminacy Kevin Quinn Reclaiming Policy Space For Equitable Economic Development Kari Polanyi Levitt Opinion What Exactly Is 'Development'? P. Sainath How Close Are We To ‘Sudden Disorderly Adjustment’? Margaret Legum ___________________________________________________________________________________________ Issue 37 - 28 May 2006 Why Research Assessment Exercises Are a Bad Thing Donald Gillies 2 Rethinking Foreign Investment for Development Kevin P.Gallagher and Lyuba Zarsky 10 The Political Economy of Peer Production Michel Bauwens 33 Can a Heterodox Economist Use Cross-country Growth Regressions? Matthew McCartney 45 Prying Open American Political ‘Science’ Bruce Cumings and Kurt Jacobsen 55 Comment on “Economics Is Structured Like a Language” ___________________________________________________________________________________________ Issue 36 - 24 February 2006 Greatest Twentieth-Century Economists Poll Towards a Concrete Utopian Model of Green Political Economy John Barry Economics Is Structured Like a Language William Kaye-Blake 25 Errata 34 Comment on “Some Primitive Robust Tests of Some Primitive Generalizations” 35 Web-linked index of pae review articles in 2005.…38 ___________________________________________________________________________________________ return to home page and most recent issues

www.paecon.net support needed for the real-world economics review The Real-World Economics Review now has 11,500 subscribers, publishes over 250,000 words of papers per year, and the number of copies of those papers downloaded from this site per year is nearing the one million mark. It also maintains a blog and the non-journal pages of www.paecon.net. All of these services to the economics profession and its students are provided free and, with a couple of small exceptions, without advertising. Unfortunately however the private pocket that for ten years has funded these projects is not as full as it was and so can no longer continue to provide these services at their present or, hopefully, enhanced levels. For this reason donations are now being sought from you, the journal’s readers. $10 will help. Click on the donate button of your preferred currency and you will be presented with the option of donating with a credit card or via PayPal. Thank you. Make donation in US dollars Make donation in Euros Make donation in GBP £ Search all issues of Real-World Economics Review Loading Editor: Edward Fullbrook. PAST CONTRIBUTORS: James Galbraith, Frank Ackerman, André Orléan, Hugh Stretton, Jacques Sapir, Edward Fullbrook, Gilles Raveaud, Deirdre McCloskey, Tony Lawson, Geoff Harcourt, Joseph Halevi, Sheila C. Dow, Kurt Jacobsen, The Cambridge 27, Paul Ormerod, Steve Keen, Grazia Ietto-Gillies, Emmanuelle Benicourt, Le Movement Autisme-Economie, Geoffrey Hodgson, Ben Fine, Michael A. Bernstein, Julie A. Nelson, Jeff Gates, Anne Mayhew, Bruce Edmonds, Jason Potts, John Nightingale, Alan Shipman, Peter E. Earl, Marc Lavoie, Jean Gadrey, Peter Söderbaum, Bernard Guerrien, Susan Feiner, Warren J. Samuels, Katalin Martinás, George M. Frankfurter, Elton G. McGoun, Yanis Varoufakis, Alex Millmow, Bruce J. Caldwell, Poul Thøis Madsen, Helge Peukert, Dietmar Lindenberger, Reiner Kümmel, Jane King, Peter Dorman, K.M.P. Williams, Frank Rotering, Ha-Joon Chang, Claude Mouchot, Robert E. Lane, James G. Devine, Richard Wolff, Jamie Morgan, Robert Heilbroner, William Milberg, Stephen T. Ziliak, Steve Fleetwood, Tony Aspromourgos, Yves Gingras, Ingrid Robeyns, Robert Scott Gassler, Grischa Periono, Esther-Mirjam Sent, Ana Maria Bianchi, Steve Cohn, Peter Wynarczyk, Daniel Gay, Asatar Bair, Nathaniel Chamberland, James Bondio, Jared Ferrie, Goutam U. Jois, Charles K. Wilber, Robert Costanza, Saski Sivramkrishna, Jorge Buzaglo, Jim Stanford, Matthew McCartney, Herman E. Daly, Kyle Siler, Kepa M. Ormazabal, Antonio Garrido, Robert Locke, J. E. King, Paul Davidson, Juan Pablo Pardo-Guerra, Kevin Quinn, Trond Andresen, Shaun Hargreaves Heap, Lewis L. Smith, Gautam Mukerjee, Ian Fletcher, Rajni Bakshi, M. Ben-Yami, Deborah Campbell, Irene van Staveren, Neva Goodwin, Thomas Weisskopf, Mehrdad Vahabi, Erik S. Reinert, Jeroen Van Bouwel, Bruce R. McFarling, Pia Malaney, Andrew Spielman, Jeffery Sachs, Julian Edney, Frederic S. Lee, Paul Downward, Andrew Mearman, Dean Baker, Tom Green, David Ellerman, Wolfgang Drechsler, Clay Shirky, Bjørn-Ivar Davidsen, Robert F. Garnett, Jr., François Eymard-Duvernay, Olivier Favereau, Robert Salais, Laurent Thévenot, Mohamed Aslam Haneef, Kurt Rothschild, Jomo K. S., Gustavo Marqués, David F. Ruccio, John Barry, William Kaye-Blake; Michael Ash, Donald Gillies, Kevin P.Gallagher, Lyuba Zarsky, Michel Bauwens, Bruce Cumings, Concetta Balestra, Frank Fagan, Christian Arnsperger, Stanley Alcorn, Ben Solarz, Sanford Jacoby, Kari Polanyi, P. Sainath, Margaret Legum, Juan Carlos Moreno-Brid, Igor Pauno, Ron Morrison, John Schmitt, Ben Zipperer, John B. Davis, Alan Freeman, Andrew Kliman, Philip Ball, Alan Goodacre, Robert McMaster, David A. Bainbridge, Richard Parker, Tim Costello, Brendan Smith, Jeremy Brecher, Peter T. Manicas, Arjo Klamer, Donald MacKenzie, Max Wright, Joseph E. Stiglitz. George Irvin, Frédéric Lordon, James Angresano, Robert Pollin, Heidi Garrett-Peltier, Dani Rodrik, Marcellus Andrews, Riccardo Baldissone, Ted Trainer, Kenneth J. Arrow, Brian Snowdon, Helen Johns, Fanny Coulomb, J. Paul Dunne, Jayati Ghosh, L. A Duhs, Paul Shaffer, Donald W Braben, Roland Fox, Stevan Harnad, Marco Gillies, Joshua C. Hall, Robert A. Lawson, Will Luther, JP Bouchaud, Claude Hillinger, George Soros, David George, Alan Wolfe, Thomas I. Palley, Sean Mallin, Clive Dilnot, Dan Turton, Korkut Ertürk, Gökcer Özgür, Geoff Tily, Jonathan M. Harris, Thomas I. Palley, Jan Kregel, Peter Gowan, David Colander, Hans Foellmer, Armin Haas, Alan Kirman, Katarina Juselius, Brigitte Sloth, Thomas Lux, Luigi Sapaventa, Gunnar Tómasson, Anatole Kaletsky, Robert R Locke, Bill Lucarelli, L. Randall Wray, Mark Weisbrot, Walden Bello, Marvin Brown, Deniz Kellecioglu, Esteban Pérez Caldentey, Matías Vernengo, Thodoris Koutsobinas, David A. Westbrook, Peter Radford