Category: MARKETS

Corporate Power in a Global Economy

By Brian Roach Standard economic theory fails to address the economic and political significance of modern multinational corporations. In this module, explanations of firm growth based on economies of scale and scope are supplemented with a discussion of the transnational mobility and influence of large corporations. The social and environmental responsibilities of multinationals are considered, […]

The Power of Capital: An Introduction to Class, Domination and Conflict

By Alejandro Reuss This module presents an overview of economic class, class power and class conflict. It addresses some aspects of economic power in capitalist societies today, highlighting relations that are not considered “power relations” in mainstream economics. It explores the unequal power relations between different economic classes in the workplace and the political sphere, […]

Social and Economic Inequality

By Brian Roach, Pratistha Joshi Rajkarnikar, Neva Goodwin and Jonathan M. Harris This module, based on Chapter 10 of Microeconomics in Context, 5th edition, provides an overview of some of the key issues on economic and social inequality, looking beyond income measures to explore inequalities based on education, health care and discrimination in the labor market. […]

Trade and the Environment

By Brian Roach and Jonathan M. Harris This module is based on Chapter 19 of Harris and Roach’s textbook Environmental and Natural Resource Economics: A Contemporary Approach. It presents an analysis combining trade theory with the theory of externalities to show how the basic principles of gains from trade must be modified in a real world […]

Consumption and the Consumer Society

By Brian Roach, Neva Goodwin and Julie A. Nelson This module presents material drawn from Chapter 8 of Microeconomics in Context, 5th edition, to explore the various motivations behind consumer behavior. The historical development of the “consumer society” is summarized, including a discussion of the institutions underlying mass consumerism. The relationship between consumption and well-being is surveyed, […]

Trading Down: Unemployment, Inequality and Other Risks of the Trans-Pacific Partnership Agreement 

By Jeronim Capaldo, Alex Izurieta, and Jomo Kwame Sundaram January 2016 Proponents of the Trans-Pacific Partnership agreement (TPP), the trade and investment treaty recently agreed by the United States and eleven Pacific Rim nations, emphasize the prospective economic benefits, with economic growth increasing due to rising trade and investment. Widely cited projections suggest GDP gains […]