To build a global & anti-imperialist IPE, a critical recovery of the anti-colonial scholarship that has been marginalized since IPE's inception is necessary.
Therefore,
@Faobr
& I argue in
@RIPEJournal
that the road to decolonize IPE goes "through Dakar".
Economists can learn from anthropologists.
I mean it! And not in a "they provide valuable context for our research" kind of way.
Anthro can help us understand financial processes & structures of oppression. Anthro can help us theorise.
Some resources & anthros to follow👇
A prize to be expected. Banerjee, Duflo & Kremer rely on key tenets of mainstream Econ. While founded on behavioral econ and assumption that tweaks to individual actions can alleviate global poverty, their work is often wrongly presented as purely empirical, objective & radical.
BREAKING NEWS:
The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.”
#NobelPrize
Hey friends!
@devikadutt
and I are teaching our Decolonising Economics module for the first time this term (inspired by our book with
@cacrisalves
and
@SurbhiKesar
).
In case anyone's interested, we've made the syllabus publicly available 😊
It still blows my mind that the UK school curriculum doesn't systematically cover Britain's colonial and imperial history (!).
It's worth revisiting this piece by
@MayaGoodfellow
.
Our paper on decolonizing economics teaching is finally out!
@SurbhiKesar
& I surveyed 498 economists to evaluate possibilities and challenges associated with efforts to decolonize economics.
As you may imagine, the results are not super encouraging...🧵
The mainstream news is not very clear about WHO was being violent at the UCLA protests.... so check this out.
Seems police only called on to clear peaceful anti-war encampments, not when there is actual violence against students.
Can't use campus safety as excuse anymore.
Is dependency theory relevant today? If yes, what can we learn from it? Why was it dismissed?
That line of inquiry I started as an Econ PhD student at
@NSSRNews
has now culminated in a
@DevandChg
article!
Any feedback is very welcome. Here's a thread 👇
Erik Reinert and I have a new edited book out on Uneven Economic Development
I was inspired by Reinert's book and teaching as an undergrad so is an honor to have worked with him on this ☺️
Pre-order your ebook or hardcopy for your library here:
Why did Joan Robinson turn to Marx in 1942? Which insights from Marxian economics did she seek to incorporate into her work? How was her encounter with Marx was received by some her of contemporaries? Really exciting new article by
@cacrisalves
!! 🔥🔥 👇
Ivanka Trump may be the next
@WorldBank
President.
This is a great time to be teaching Politics of Development!
And by chance, next week is the week on global governance 👏. For anyone wanting some background reading on how to understand what's going on, here's a thread. 1/10
Samir Amin critiqued cultural views of Orientalism and proposed alternative, structural analyses of imperialism, Eurocentrism, uneven development and ideology.
What can contemporary development economics and quests for decolonization learn from this?
Rereading Poor Economics and it's even worse than I remember... There's actually a whole section called "Against Political Economy," where they explain that since "good policies" can be carried out in any political context, Political Economy is obsolete!
When the world is facing large systemic crises, why is the economics profession celebrating small technical fixes?
I unpack the critiques of the work of Banerjee, Duflo & Kremer and offer some of my own reflections.
Thanks
@L__Macfarlane
for publishing!
A bit random, but I wrote a book review of
@PikettyLeMonde
's new book for
@nature
.
The introduction got me excited about the project's ambition, but the book left me disappointed.
Piketty's analysis of both ideology & capital leaves a lot to be desired.
A good a time as any to revisit some critiques of the body of work that this year's laureates have paved the way for. Last year,
@farwasial
and
@cacrisalves
wrote a critique of RCTs for
@CriticalDev
: Why Positive Thinking Won't Get You Out of Poverty 👇
Maria
@mariadyveke
& I have a new paper in
@ReviewofPE
on how to approach hierarchies of global finance, especially to understand finance in the Global South, with South Africa as an example. We argue for an anti-disciplinary, historical approach to structures & social relations.
Highly uneven impacts and responses to
#Corona
reveal important political economy differences across the world.
The US & UK responses particularly expose the weaknesses of these economies as well as the governments' incapacity - and will - to tackle systemic societal issues.
1/n
I'm super honored to have been given the chance to write a legacy piece for Samir Amin. Thanks
@DevandChg
&
@AndrewM_Fischer
!
In it, I unpack Amin's intellectual legacy, including on unequal exchange, eurocentrism and delinking, as well as his activism.👇
As the week draws to an end,
@KaiKodden
@nssylla
and I can't keep our draft to ourselves anymore. This year, we've been working on exploring what the whole debate about "financialization" in development has to do with Senegal & Ghana. The result is here:
Maybe I've been to focused on the genocide and Palestinian right to resistance to recognize the need for certain condemnations.
Sorry about the delay.
I, too, condemn Habermas.
Angus Deaton and Nancy Cartwright's classic critique, which cautions against simple extrapolations from trials to other contexts, is also worth revisiting.
The Limitations of Randomised Controlled Trials 👇
As debates on economic convergence rage on, one element has gone unquestioned: the use of GDP as a measure of growth. My new
@GPIDnetwork
Working Paper w/
@jacob_assa
closes this gap.
Read the short or long versions here 👇
And here's a thread. 1/9
In 2009 Elinor Ostrom became the only woman to ever win the Noble Prize in Econ. Now she has a prize named after her! The field might be more inclusive now? The Ostrom prize this year had 4/4 male jury members, 7/7 male nominees, 2/2 male winners... Right.
HT
@BesBalla
Why Do Economists Have Trouble Understanding Racialized Inequalities?
Based on survey data,
@SurbhiKesar
and I make some observations regarding the Economics discipline and its lack of capacity to deal with race... +
People congratulating the WTO on its first African and first woman leader... without acknowledging her role in promoting neoliberal policies that have been hamful for women and Africans 👀
Anyone who still thinks that the randomistas use RCTs as just another empirical tool, suggesting their work is not deeply embedded in neoclassical theory & assumptions, should read this piece by Oriana Bandiera.
Today is the day!
We're presenting on what decolonizing economics means - in the heart of the mainstream of the field, the
#ASSA2021
👀
Very sorry about high fees & impractical timing. If you're not able to join, we're happy to share slides etc.
How do key arguments in the financialization literature change if they are interrogated from the vantage point of the Global South?
@KaiKodden
@nssylla
and I tackle this question through a historical study of the financial systems of Senegal & Ghana. 🧵👇
¿Por qué tan hostil?
Quebrando mitos sobre la
economía heterodoxa
My work on Heterodox Economics with
@cacrisalves
goes Spanish, and thanks to
@OrlandoNSA
!
Spanish version:
The original in
@CriticalDev
:
When you call out a conference with a lineup of 13/13 white men for lack diversity... and one of the speakers defends the lineup because he qualifies as a minority because he voted "leave".
Time to call it a night!
Um I'm not an economist. I am a man. And a Leaver. Which means I belong to a minority in the academy. I congratulate the organisers on inviting an under-represented group to their conference.
Apparently even trying to explain the political context of Hamas is a perceived threat to Jewish students.
Universities need to counter this attempted suppression of speech (and suppression of understanding of political context) from UK Government & media ASAP.
@KingsCollegeLon
Dear students, colleagues, friends,
I am currently on strike & will not be responding to work-related emails or tweets during the strike period.
Being on strike means we don't get paid & we spend our days on pickets (often cold, rainy). Why would we do this?🧵
#OneOfUsAllOfUs
Happy birthday to Marx! 🥳
This day will always remind me of procrastinating before my PhD defense by writing this blog post on the legacies and misinterpretations of Marx with
@cacrisalves
🙌✊
How does how we measure GDP - largely determined by Western institutions & the economic structures of Western economies - impact how we perceive global convergence? What are political economy implications?
@jacob_assa
and I discuss this in
@NPEjournal
👇
Last year leading economists argued in
@guardian
that the focus on micro-interventions associated with RCTs can do little to alleviate poverty if we fail to also tackle its root causes:
Buzzwords & Tortuous Impact Studies Won't Fix a Broken Aid System 👇
Yet another sign that dependency theory as an approach is making a comeback and getting increased recognition and interest! Only more relevant now as
#COVID19
is exacerbating existing inequalities. Thanks
@eaepe
😄
It has arrived 💁♀️
This book identifies important problems and raises crucial questions about hierarchies in the economics field 🔥
Congrats to all the contributors!
Honored to visit the department where Rosa Luxemburg got her PhD to present about the relevance of decolonisation, post-colonial capitalism and imperialism today with
@SurbhiKesar
! Thanks so much
@DinaPomeranz
for the invitation and to the students for critical engagement 🔥✊
For those who gobbled up the Hamas sexual violence story of
@nytimes
uncritically - and to those who immediately spotted holes and ideology -
@theintercept
has published a thorough report of the process & lack of evidence and journalistic integrity by NYT.
First we were annoyed by
@martinwolf_
's list perpetuating white, male & mainstream biases.
But then we got inspired to publish an alternative list!
It's not like women, POC, scholars from Global South & heterodox economists aren't doing excellent work.
One of my favourite ever exchanges from my
@AJHeadtoHead
show:
Me vs economist Paul Collier on who is or isn't an "indigenous Briton" and whether I count!
Have a watch:
Economists should be addressing structural injustices, including racism, yes.
But addressing racism in the police force by nudging?? And testing it with RCTs??
The Econ profession's gotta get it's shit together.
#BlackLivesMatter
Another prize supporting the 'empirical turn' in Econ.
If mainstream econs are so interested in challenging "conventional wisdom," wouldn't it make more sense to look to Econ traditions with other conventions & insights, rather than centering causal studies on experiments? 🤔
This year I went as a
@Twitter
Troll for Halloween! Dressed in a selection of troll attacks and insults (mostly by fellow academics) that have been directed towards me on Twitter over the years (my back was covered too!).
#EconTwitter
can be scary, right? 🎃
In my
@WorldDevJournal
essay, I'm particularly concerned that tackling the systems that produce poverty require economists to be less like plumbers and more like the dev economists of the past. We need debates on a plurality of theories and approaches.
Marching with our union and 500,000 others in London yesterday. For a ceasefire and for an end to genocide, Israeli war crimes and an end to occupation of Palestine 🇵🇸
Jean Drèze's critique is also important, which critiques the concept of "evidence-based policy," arguing that the relation between evidence and policy needs further thought:
Evidence, Policy, and Politics 👇
"This study affirms that drain from the South remains a significant feature of the world economy in the post-colonial era".
"The scale of unequal exchange increased significantly during the structural adjustment period."
by
@jasonhickel
et al. HT
@maxajl
It's an honor to endorse this exciting new book
- coming out just in time for Christmas gift shopping ;)
Essential for anyone interested in African economic & monetary sovereignty. 👇
Me, a woman and economist, hiding under the bed:
Armed robber:
Me:
Armed robber:
Me:
Armed robber: Economics is male-dominated because women just aren't interested in the field.
Me: WTF HAVEN'T YOU SEEN ALL THE RESEARCH DOCUMENTING SEXISM IN ECON...shit. Okay shoot me now.
Our podcast is out!!😱 After one year of work (wow).
@BasileBoulay
& I talk to critical scholars across the world about various hierarchies of development
This was harder than expected to organize & curate. Please listen and give (honest) feedback😊
👇
It's here! 😱
The
@ROAPEjournal
SPECIAL ISSUE: Samir Amin and beyond: radical political economy, dependence and delinking today
With it, we hope to stimulate critical engagement with Amin’s work from a range of perspectives, critical & constructive.
🧵
Martin Ravallion's (
@MartinRavallion
) review of Poor Economics is also worth a read. He questions how far Duflo and Banerjee's approach will get us in the fight against global poverty:
Fighting Poverty One Experiment at a Time 👇
Our book on dependency theory is soon ready for sale with University of Zimbabwe Publications 🤩 It includes interviews with Samir Amin, Peter Evans,
@NakedKeynes
,
@Idemamba
, Sabelo Ndlovu-Gatsheni, Patrick Bond & many more!
Sanjay Reddy's (
@sanjaygreddy
) critique questions the randomistas' ability to explain global poverty and their approach's "technocratic premises, its naïve view of politics and society, and its unselfconscious do-goodism". Check it out:
Randomise This! 👇
For everyone who thought the problem with the Doing Business Indicators was 'simply' the ideological bias of the indicator itself👇😵
Rampant, blatant, widespread corruption & political manipulation at high levels of the
@WorldBank
, revealed in new report.
Very good news to see the World Bank finally end the ideological nonsense that was its 'Doing Business' rankings. But the report the Bank has published on the reasons why is almost unbelievable - the extent of corruption in the organisation is just mindblowing.
What happens when 7 scholars from different heterodox traditions, including Marxism, Post-Keynesianism & Dependency Theory, get together to work on finance?
It actually did not descend into total chaos 🤯
Check out our research agenda on international financial subordination 😊
Funny that
@TheEconomist
thinks the world is "fixated" on Marx. I wonder why Econ journals won't publish Marxist analysis then? And why is Marx not taught in Econ depts? Why do economists (mis)cite him only to undermine his ideas? Seems like marginalization rather than fixation..
Really happy to have had the opportunity to write a paper on what the effects of and responses to
#COVID__19
say about the cracks in the dominant Economics narrative with the brilliant
@cacrisalves
for
@reviewagrarian
.
Time for a lil thread. Full paper: +
In the coming months & years, there will be a battle to define the narrative of the pandemic. We need an explanation of the crisis that is capable of seeing the economy as more than just markets and, rather, as embedded in society (Alves & Kvangraven 2020)
Our critical little blog has turned 20k! 🥳 Follow it for posts that challenge mainstream thinking on economics and development and that introduce key academic debates in accessible language.
How is heterodox economics relevant for understanding the world? How can hetecon theories, e.g. those of production & reproduction, help us understand both causes & consequences of
#COVID__19
? What are the gender, race & class implications of the pandemic?
CfP Deadline May 15th!
There's also
@N_Kabeer
's critique, which questions to what extent RCTs take human agency seriously. Here's an interview with her by
@fp2p
:
Naila Kabeer on Why Randomized Controlled Trials Need to Include Human Agency 👇
Come do a PhD with us at
@KingsIntDev
🔥 Full funding for African students --> see eligibility criteria and more info 👇 Happy to chat with prospective students considering topics that overlap with my expertise.
Really eye-opening piece from researchers with a negative experience from engagement with randomistas. They find that the laureates' efforts have not led to shifting economic paradigms in a progressive way, nor to enabling greater realism in econ thinking.
Heterodox economists: what do you think the single most important idea in economics is?
What would your answer be?
(Was struck by how the responses to this thread are almost all about incentives & comp advantage. Curious about how hetecons respond.)
HT
@devikadutt
Since today's the day for polarizing debates about Econ...
Just out in ROPE: Behind last year's 'Nobel' winners' rebellious façade is an approach in line with a narrow & Eurocentric field that limits, rather than strengthens, our ability to fight poverty.
Re-discovered this brilliant
@tri_continental
notebook on the rate of exploitation of iPhone assembly workers this week. Excellent teaching resource & good example of how radical analysis can be made into accessible teaching material too.
Excellent on Decolonisation & Its Discontents by Kevin Okoth
@salvagedotzone
, including materialist anti-imperialist critiques of certain strands of decoloniality, response to Tuck & Yang, critique of deferential versions of standpoint theory & much more.
Coming up @
@KingsIntDev
: On the Illusions of Green Capitalism with
@adribuller
!
Buller discusses limits to market-based solutions to the environmental crisis, taking how IMF estimates the monetary value of a whale as example. Organized by
@devikadutt
,
@nith1989
as discussant.👇
The Value of a Whale: On the Illusions of Green Capitalism with Adrienne Buller 🐋
📅16 Nov at 4pm
Based on her new book, Adrienne Buller will discuss the limits of financialization of nature as a solution to the environmental crises we face
FT undermining the letter signed by 163 economist. Somehow the letter is less credible because "most of the signatories are left-leaning academics"? 🤔🧐
How often does
@FT
describe economists as "right-leaning"? (or are those just "economists"?)
Paul Romer. Is he a contrarian economist? Is he neocolonial? My thoughts on this year's Economics Nobel winner from a few years ago - when he was selected to be the World Bank's chief economist.
It might be cliché to quote Foucault, but rereading this passage reminded me of the whirlwind of discussions in the wake of
#EconNobel2019
#RCTs
#WhatWorks
:
"All forms of knowledge are intimately connected to power relations and therefore truth isn't outside power." (1980:131)
In what ways can heterodox economists understand the political economy of Palestine?
The next
@hetecon
@urpe1968
webinar explores this, and also the likely paths going forward.
Featuring Ibrahim Shikaki, Samia Al-Botmeh and Raja Khalidi.
Sign up 👇
Latin American theories have been largely neglected in the West, despite their relevance for understanding uneven development. At our upcoming workshop, European students get to present alongside & learn from leading Latin American scholars. Share & apply!
Officially wrote my longest twitter thread ever! On development economics, RCTs, and the exclusion of heterodox economics. Thanks
@DinaPomeranz
and
@AndrewM_Fischer
for the engagement. Others, feel free to jump in, I'm sure I missed points and poorly formulated others.
@DinaPomeranz
@AndrewM_Fischer
@sebacampanario
Thanks Dina! I think our differences are becoming more clear, after having established some agreement. I'll try to tease them out even further and clarify some aspects I think you may have misunderstood. Okay, here goes, this will be a long one. 1/n
“Even the most progressive policy agendas show little consideration for how to achieve rapid decarbonization in the Global South without destabilizing its economy.”
From the fab team
@devikadutt
and
@Alden_Young
! 🔥
via
@NoemaMag
Even randomistas must find this study problematic, colonial, unethical, no?
Randomizing Christian "theology education" among people living in poverty in the Philippines to examine how changes in behavior impact on economic outcomes.
Apparently acceptable RQ for
@QJEHarvard
...
Recently accepted by
#QJE
: “Randomizing Religion: The Impact of Protestant Evangelism on Economic Outcomes,” by Bryan, Choi, and Karlan (
@deankarlan
):
What's wrong with development studies & how can we change it?
It was super interesting & thought-provoking to discuss this with
@SaraStevano
@Kamnatweets
and
@IndrajitRoyYork
recently in Manchester.
We summarized the discussion on the
@devcomms
blog 👇
Looks like
@SOASEconomics
&
@kingseuropean
could only think of white men for this conference. 13 speakers. ALL WHITE MEN. No wonder Economics is lagging behind other disciplines when it comes to diversity. What do we do? 1/6
Thanks
@Claudia_Sahm
's for sharing all these incidences of harassment in Economics. A depressing and angering read. It's time we all start speaking up against the racism, sexism, hostility, exclusivity, and elitism in the profession! We need to do better.
Trends in global income distribution: An elephant or a giraffe?
Same data as the elephant graph, but presented in terms of absolute gains rather than income growth rates.
Makes the past decades look a lot less equalising.
HT Jakob Kapeller's
@heterodoxnews
,
@BrankoMilan