Section 1: Reading material
Introduction: Where are we now?
Mark Carney, Value(s): Credit, Covid and How We Focus on What Matters, London: Williams Collins, 2021.
Mervyn King, "The World Turned Upside Down: Economic Policy in Turbulent Times", Per Jacobsson Lecture, IMF Seminar, October 19, 2019.
Karl Marx and Frederich Engels, The Communist Manifesto, 1848.
Karl Popper, "Science as Falsification", (excerpt originally published in Conjectures and Refutations (1963).
Dani Rodrik, Economics Rules: The Rights and Wrongs of the Dismal Science,
New York, W.W. Norton, 2015.(A summary of his ideas in this book is available in Dani Rodrik, "Economists vs. Economics", Project Syndicate,
Sept 10, 2015.).
Robert Shiller, Narrative Economics, Cowles Foundation Discussion Paper No 2069. January 2017.
Complexity theory in economics - some summary texts:
Jan Arpe, "Globalisation and its Complexity: Challenges to Economic Policy", Bertlesmann Stiftung, 2012.
Matei, A., Cătălina, A., "The New Public Management within the Complexity Model", Procedia - Social and Behavioral Sciences, Volume 109, 8 January 2014, Pages 1125-1129.
Paul Cilliers, "Boundaries, Hierarchies and Networks in Complex Systems", International Journal of Innovation Management, Vol 5, No 2 (June 2001), pp 135-147.
Nicholas Sowels, "A Brief Introduction to Complexity Theory in Managing Public Services", in Bell, E., Fourton, C., Sowels, N., Public Services in the UK: the Ongoing Challenges of Delivery and Public Accountability, Revue française de civilisation britannique, XXVI-2 | 2021. (My own modest attempt at trying to understand complexity in economics and public services :-))
Some economic consequences of World War II:
Price Fishback, "World War II in America: Spending, deficits, multipliers, and sacrifice", VoxEU, CEPR, 12 November 2019.
Walter Scheidel, "Inequality: Total war as a great leveller", VoxEU, CEPR, 02 September 2019.
Debate: "The economic history of World War II", a conversation led by Tim Phillips, VoxEU, CEPR, 06 September 2019.
The stagflation of the 1970s and early policy responses:
Binyamin Appelbaum and Robert D. Hershey Jr., "Paul A. Volcker, Fed Chairman Who Waged War on Inflation, Is Dead at 92", The New York Times, 13 December 2019.
ECB, "The 'Great Inflation': Lessons for Monetary Policy", ECB Monthly Bulletin, May 2010.
Investopedia, Leslie Kramer, "How the Great Inflation of the 1970s Happened", Updated Oct 1, 2020.
Matt Welch, "Democrats these days hate deregulation, but once upon a time they loved it", Los Angeles Times, Op-Ed, February 8, 2018.