Review of Economics and Economic Methodology
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  • Papers
    • For More Mathematics and Theory in Economics
    • How Mathematics Obscures Conceptual Errors ​in Arrow-Debreu General Equilibrium Model
    • On Methodological Pluralism in Economics
    • Control Theory Without Controls
    • Controversies Regarding the TTIP Agreement in the Academic Literature
    • A Complex but Interesting Relation: Keynes, Mathematics, and Statistics
    • Social and Solidarity Economy: A Quest for Appropriate Quantitative Methods
    • The Wealth of (Some) Nations: ​Imperialismand the Mechanics of Value Transfer
    • Make economics relevant again
    • Reframing the Labor Question: On Marginal Productivity Theory and the Labor Theory of Property
    • In need for a drastic change: on the "evidence-based" debates ​in cultural economics and cultural policy research
    • Why established macroeconomics is problematic and how this situation can be overcome
    • Socialism and Marxian economics: An overview
    • Choreography of Resolution: Conflict, Movement, and Neuroscience
    • Should We Remember Ricardo? Surplus Approach Two Hundred Years After ‘On the Principles of Political Economy and Taxation’
    • Ricardo, Marx, Keynes: Distinct Economic Visions?
    • Absolutne stroškovne razlike in trdovratna trgovinska neravnovesja: Harrodijanski proces usklajevanja
    • Letters of Ricardo to Malthus (1810-1823)
    • Body, Language and Meaning in Conflict Situations
    • Economics and the 'Manchester system'
    • From Paucity to Inefficiency: The Case ​of Democratic Economic Governance
    • The lowest in the world and falling? Explaining the movements ​of income inequality ​in Slovenia during the financial crisis
    • Institutions and Economic Development: ​A More Complete Viewto Understanding Economic Growth
    • Financing obstacles to the realization of 21st century socialism
    • On Price Normalization and Choice of Techniques in Ricardo΄s Theory
    • Inequality in Marx and Piketty Theory and Policy Implication
    • ​Inequity, Inequality, Insecurity: Introduction to the REEM's Special Issue
    • Contemporary Factors of Economic Growth and Competitiveness: Theoretical Aspect
    • OK, Capitalism
    • Mainstream Discourse on Inequality: A Close Inspection
    • Social Capital and Innovation: Evidence from the US (1997-2014)
    • Tyranny of Merit: What’s Become of the Common Good? by Michael J. Sande
    • Pluralism in economics versus a unified paradigm?
    • Rethinking Corporations
    • Marcora for Slovenia: What are the fiscal consequences ​of the much-needed legislative innovation?
    • Enactive Economics: Interactionism, ​Social Cognition and Epistemic Horizons
    • The Incommensurability, Incompatibility and Incomparability of Keynes’s and Walrasian Economics
    • Unexpected Applications of Lund’s Early Retirement Extreme
    • David Ricardo’s Theory of Foreign Trade vs Modern Comparative Advantage Theory
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REEM is a peer-reviewed, bi-annual academic journal with a clear focus on heterodox approaches in economics. We are covering topics on economic theory, economic methodology, economic history and ethics in economics.

Review of Economics and Economic Methodology is indexed
by EconLit.
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ISSN number: 2536-1953
​
REEM
is published by the Movement for economic pluralism, University of Ljubljana, School of Economics and Business

Reach us at reemslovenia@gmail.com

Calls for papers
Volume VII, Issue 1
General Issue, Summer 2022

​We are now calling for papers for the new general issue of the summer of 2022. 

The general issue has no special theoretical, methodological, or political focus, but is, as usually, limited to heterodox approaches in economics and related interdisciplinary fields. Read more about the submissions requirements here.
​
Deadline for your contributions is May 30th 2022.
Volume VI, Issue 2
The Future of (Pluralist) Economics


Special call for papers in collaboration with Exploring Economics 

Published issues
Volume VI, Issue 1
​Summer 2022
Editorial Address
Andrej Srakar

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Rethinking Corporations 
David Ellerman

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Marcora for Slovenia: What are the fiscal consequences of the much-needed legislative innovation? 
Elena Galevska, Kosta Marco Juri, and Tej Gonza

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Enactive Economics: Interactionism, Social Cognition and Epistemic Horizons
Goghie Alexandru-Stefan

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The Incommensurability, Incompatibility and Incomparability of Keynes’s and Walrasian Economics
​
Arne Heise

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Unexpected Applications of Lund’s Early Retirement Extreme.   
Manuel Tarrazo

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David Ricardo’s Theory of Foreign Trade vs Modern Comparative Advantage Theory
Ridhiman Balaji

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Volume V, Issue 1
​Summer 2021
Inequity, Inequality, Insecurity: Introduction to REEM Special Issue. I-IV.
​Ivan Rubinić

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Inequality in Marx and Piketty: Theory and Policy Implications. 1-32. Nikos Stravelakis
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Contemporary Factors of Economic Growth and Competitiveness: Theoretical Aspects. 33-60. Marko Tomljanović, Pavle Jakovac, and Dejan Bodul
[Download PDF] [View online]

OK, Capitalism. 61-70. Tej Gonza. [Critical comment on 'Capitalism Alone' by Branko Milanković] 
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[View online]

Mainstream Discourse on Inequality. 71-85. Ridhiman Balaji [Review Essay on 'Economics in the 21st Century' by Robert Chernomas and Ian Hudson]
[Download PDF] [View online]

Social Capital and Innovation: Evidence from the US (1997-2014). 88-108. Rosselia Viggiano
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Tyranny of Merit: What's Become of the Common Good' by Michael J.Sandel.
​
109-118. 
Petar Milijić [Book review] 
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[View online]

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Volume IV, Issue 1
​Summer 2020
For More Mathematics and Theory in Economics. 1-6, Andrej Srakar [Editorial address]
[Download PDF] 
[View online]

How Mathematics Obscures Conceptual Errors in Arrow-Debreu General Equilibrium. 7-30. David Ellerman
[Download PDF] [View online]

On Methodological Pluralism in Economics. 31-52. Aleksander Kešeljevič
[Download PDF] [View online]

Control Theory without Controls. 53-78. Romar Correa
[Download PDF] [View online]

Controversies Regarding the TTIP Agreement in the Academic Literature. 79-103. Maik Huettinger and Aras Zirgulis
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A Complex but Interesting Relation: Keynes, Mathematics, and Statistics. 104-130. 
[Download PDF] [View online]

Social and Solidarity Economy: A Quest for Appropriate Quantitative Methods. 131-156. Irene Sotiropoulou
[Download PDF] [View online]

The Wealth of (Some) Nations: Imperialism and the Mechanics of Value Transfer. 157-170. Ivan Rubinić [Book Review]
[Download PDF] [View online]
​
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Volume III, Issue 1
​Autumn 2018

​Should We Remember Ricardo? 1-16. Sušnik, U. [Editorial address]
[Download PDF] 
[View online]

On Price Normalization and Choice of Techniques in Ricardo's Theory. 17-28.  Manoudakis, K.

[Download PDF] 
[View online]

Ricardo, Marx, Keynes: Distinct Economic Visions? 29-43. Bandala, J.G.M.

[Download PDF] 
[View online]
​
Absolutne stroškovne razlike razlike in trdovratna trgovinska neravnovesja: Harrodijanski proces usklajevanja. 44-49. Shaikh, A. [Seminal texts in Slovenian]

[Download PDF] 
[View online]

Letters of Ricardo to Malthus. 50-55. Trobec P. [Book reviews]
[Download PDF] 
[View online]

Body, Language, and Meaning in Conflict Situations. 56-64. Conič, M. [Book reviews]

[Download PDF] 
[View online]
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Volume II, Issue 1
​Spring 2017

​Make economics relevant again. 1-8. Managing editors
[Download PDF] 
[View online]

Reframing the labor question: On the marginal productivity theory and labor theory of property. 9-44.  David Ellerman

[Download PDF] 
[View online]

In need for a drastic change: On the ''evidence-based'' debates in cultural economics and cultural policy. 45-62. Andrej Srakar

[Download PDF] 
[View online]

Why established macroeconomics is problematic and how this situation can be overcome. 63-83. David Chester

[Download PDF]  
[View online]

Socialism and Marxian economics: An overview. 84-101. Ema Talam
[Download PDF] 
[View online]

Choreography of resolution: Conflict, movement and neuroscience. 102-108. A book review by Maruša Conič

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[View online]
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Volume I, Issue 1
​Autumn 2016

​Editor's Corner: Economics and the Manchester System. 1-8. Urban Sušnik 
[
Download PDF] 
[View online]

From Paucity to Inefficiency: The Case of Democratic Economic Governance.  9-37. Tej Gonza
[Download PDF] 
[View online]

The lowest in the world and falling? Explaining the movements of income inequality in Slovenia during the financial crisis. 38-69. ​Andrej Srakar in Špela Zupan
[
Download PDF] 
[View online]

Institutions and Economic Development: A More Complete View to Understanding Economic Growth. 70-87. Maruša Arzenšek, Domen Bider in Urša Ferjančič
[Download PDF] 
[View online]

Financing obstacles to the realization of 21st century socialism. 88-115.​​Victor van der Weerden
[
Download PDF] 
[View online]
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Introduction to the first edition of REEM


When the global financial crisis hit western economies and stopped them in their tracks, it seemed that BRIC’s, with their continued growth and imperialist aspirations, were turning the balance of power in their favour. Today it is clear that this is no longer the case. The allure that Brazil, Russia, India and China might have had has long since vanished.

To make matters worse, the European institutions, built on dubious theoretical underpinnings to begin with, are crumbling in the face of a refugee crisis for which the foreign policy of EU’s biggest ally is largely to blame. As the system is plagued by secular stagnation, it starts to resemble a zero-sum geopolitical game, a modern version of mercantilism in a world where new regional free trade blocks are meant as much to include some as to exclude others.

And the fallout of 'The Great Game' is a refugee crisis that has been a triumph for reactionary political forces in the third world as well as in Europe itself. Beneficent actions and motives that could possibly justify charitable behaviour occupy a central place in morality. Peter Singer in his provocative paper ‘Famine, Affluence and Morality’ (1972) advocates extremely demanding and far-reaching principles of obligatory beneficence on the basis of a very intuitive premise. “If - he says - it is in our power to prevent something bad from happening, without thereby sacrificing anything of comparable moral importance, we ought, morally, to do it”.

The three-dimensional crisis of today dwarfs the non-transparent and secretive trade agreements that are intended to provide additional institutional support to global corporations, which, hiding behind the current societal dynamics, continue their business as usual. What is more, these free trade agreements seem only to increase the power of these corporations over consumers, local producers, and environmental concerns, masquerading under the banner of free trade.

While changes in the economic and social environment are more pervasive than ever, economics as a science seems to be deaf to the need for deeper understanding. With the emphasis on equilibrium, economic rationality and a frictionless world, neoclassical economics remains to occupy the position of theoretical and methodological authority. Highly accredited academic journals continue to discriminate the content on the basis of this ‘ideology’ while best universities resist the need to open the curriculum in order to grasp the dynamics of socioeconomic systems.

As the world is on the brink of sinking into the 'abyss of a new dark age made more sinister, and perhaps more protracted, by the lights of perverted science' (Churchill, 1940), economic theory remembers the 80th anniversary of Keynes' General Theory and the 50th anniversary of Monopoly Capital, both very relevant to understanding the world today. Last year made it clear that financial capital, as long as it is free to move across borders, trumps national democracy, since whichever party gets elected is forced to implement virtually the same set of policies. Instead of having policies for a more humane world, we see growth in military expenditures, and Keynesianism for the financial markets.

Yet if history has taught us anything it is that it never rests.
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  • Home
  • About
  • Submissions
  • Editorial board
  • Contact
  • Events
  • Open calls
  • Papers
    • For More Mathematics and Theory in Economics
    • How Mathematics Obscures Conceptual Errors ​in Arrow-Debreu General Equilibrium Model
    • On Methodological Pluralism in Economics
    • Control Theory Without Controls
    • Controversies Regarding the TTIP Agreement in the Academic Literature
    • A Complex but Interesting Relation: Keynes, Mathematics, and Statistics
    • Social and Solidarity Economy: A Quest for Appropriate Quantitative Methods
    • The Wealth of (Some) Nations: ​Imperialismand the Mechanics of Value Transfer
    • Make economics relevant again
    • Reframing the Labor Question: On Marginal Productivity Theory and the Labor Theory of Property
    • In need for a drastic change: on the "evidence-based" debates ​in cultural economics and cultural policy research
    • Why established macroeconomics is problematic and how this situation can be overcome
    • Socialism and Marxian economics: An overview
    • Choreography of Resolution: Conflict, Movement, and Neuroscience
    • Should We Remember Ricardo? Surplus Approach Two Hundred Years After ‘On the Principles of Political Economy and Taxation’
    • Ricardo, Marx, Keynes: Distinct Economic Visions?
    • Absolutne stroškovne razlike in trdovratna trgovinska neravnovesja: Harrodijanski proces usklajevanja
    • Letters of Ricardo to Malthus (1810-1823)
    • Body, Language and Meaning in Conflict Situations
    • Economics and the 'Manchester system'
    • From Paucity to Inefficiency: The Case ​of Democratic Economic Governance
    • The lowest in the world and falling? Explaining the movements ​of income inequality ​in Slovenia during the financial crisis
    • Institutions and Economic Development: ​A More Complete Viewto Understanding Economic Growth
    • Financing obstacles to the realization of 21st century socialism
    • On Price Normalization and Choice of Techniques in Ricardo΄s Theory
    • Inequality in Marx and Piketty Theory and Policy Implication
    • ​Inequity, Inequality, Insecurity: Introduction to the REEM's Special Issue
    • Contemporary Factors of Economic Growth and Competitiveness: Theoretical Aspect
    • OK, Capitalism
    • Mainstream Discourse on Inequality: A Close Inspection
    • Social Capital and Innovation: Evidence from the US (1997-2014)
    • Tyranny of Merit: What’s Become of the Common Good? by Michael J. Sande
    • Pluralism in economics versus a unified paradigm?
    • Rethinking Corporations
    • Marcora for Slovenia: What are the fiscal consequences ​of the much-needed legislative innovation?
    • Enactive Economics: Interactionism, ​Social Cognition and Epistemic Horizons
    • The Incommensurability, Incompatibility and Incomparability of Keynes’s and Walrasian Economics
    • Unexpected Applications of Lund’s Early Retirement Extreme
    • David Ricardo’s Theory of Foreign Trade vs Modern Comparative Advantage Theory