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Real-World Economics Review, December 2012
by marc
Saturday Dec 15th, 2012 10:50 AM
The economy should be a part of life, not a steamroller crushinig self-determiantion and creativity. Access could replace excess; enough could replace more; qualitative growth could replace quantitative growth. Unlike a chair, an idea can be shared by a whole people. Alternative economics is the lesson from the financial crisis, Hurricane Sandy and the contradiction of endless accumulation and ecological finiteness.
Launched in May 2011, the World Economics Association publishes 3 quarterly journals, a lengthy bi-monthly newsletter, and runs several online conferences a year. All this is free and instantly available to economists and others anywhere in the world. We want to keep WEA membership free for all its 10,904 members globally dispersed. Our two new journals already have huge readerships compared to most academic journals, and the Real-World Economics Review, with over a million copies of its papers downloaded per year, is now probably the world’s most read economics journal.

real-world economics review

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Issue no. 62, 15 December 2012
http://www.paecon.net/PAEReview/issue62/whole62.pdf
You can download the whole issue as a pdf document by clicking here

In this issue:
Economics

A radical reformation of economics education 2
Jack Reardon download pdf

To observe or not to observe:
Complementary pluralism in physics and economics 20
Edward Fullbrook download pdf

Trend, randomness, and noise: Exogenous vs. endogenous 29
explanation in complex heterodox analysis download pdf
Yinan Tang, Wolfram Elsner, Torsten Heinrich, Ping Chen

Rational expectations – a fallacious foundation 34
for macroeconomics in a non-ergodic world
Lars Syll download pdf

Rethinking economics: Logical gaps – empirical to the real world 51
Stuart Birks download pdf

Laboratory experimentation in economics 68
Dimitrios Koumparoulis download pdf

Some developments in the economic scientific community 83
and the situation in Germany
Arne Heise download pdf

Economy and Society

The Fiscal Cliff – Lessons from the 1930s (Report to US Congress) 98
Steve Keen download pdf

Breakdown of the capacity for collective agency: 112
The leitmotif of our times
Korkut Alp Ertürk download pdf

Surviving progress: Managing the collective risks of civilization 121
Mark Jablonowski download pdf

Financial capitalism – at odds with democracy 132
Wolfram Elsner download pdf

A hot wheels idea for looking at the distribution 160
of household wealth in Mexico 1984-2010
Carlos Guerrero de Lizardi download pdf

Past Contributors, etc. 170

Instant comments – You may post comments on papers in this issue on the Real-World Economics Review Blog, [http://rwer.wordpress.com/].


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Economists and the Powerful, Norbert Häring and Niall Douglas
Out of Crisis: Rethinking Our Financial Markets, David A. Westbrook
Thorstein Veblen: Economics for an Age of Crises, Erik Reinert and Francesca Viano (Editors)
Debunking Economics - Revised and Expanded Edition, Steve Keen
Transnational Corporations and International Production, Grazia Ietto-Gillies
The Economist's Oath, George F. DeMartino
The Bubble and Beyond, Michael Hudson
Confronting Managerialism, Robert R. Locke and J. C. Spender


http://p.feedblitz.com/t2.asp?/332386/28976660/4516221/http://www.paecon.net/PAEReview/issue62/whole62.pdf