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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 |
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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. |
Reach us at <reemslovenia@gmail.com>
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Our special issue is out now!
Volume IV, Issue 1, Summer 2020
Methodology of Economics: How Mathematicians Explain
- Or Should They?
Download the special issue here.
Calls for papers
Volume IV, Issue 2
Winter 2020/21
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We are now calling for papers for the new special issue of 2020.
Our 2020 special issue will be devoted to the inequality, inequality and insecurity. In addition to the traditional research of outcome and opportunity, a focus will be on work that presents a novel approach to the study of inequality. Deadline for your contributions was extended to September 31st 2020 |
Upcoming
Volume IV, Issue 1
Spring 2020
Anticipated release date: April 15th 2020
Published issues
Volume IV, Issue 1
Summer 2020
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Andrej Srakar (Editorial address) – For More Mathematics and Theory in Economics........................................................................................................................1 David Ellerman - How Mathematics Obscures Conceptual Errors in Arrow-Debreu General Equilibrium Model...........................................................................7 Aleksandar Kešeljević – On Methodological Pluralism in Economics........31 Romar Correa – Control Theory Without Controls...........................................53 Maik Huettinger and Aras Zirgulis- Controversies Regrading the TTIP Agreement in the Academic Literature..................................................................79 Jesus G. Muñoz Bandala – A Complex but Interesting Relation: Keynes, Mathematics, and Statistics....................................................................................104 Irene Sotiropoulou – Social and Solidarity Economy: A Quest for Appropriate Quantitative Methods.......................................................................131 Ivan Rubinić (Book review) – The Wealth of (Some) Nations: Imperialism and the Mechanics of Value Transfer...................................................................157 |
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Volume III, Issue 1
Autumn 2018
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Should We Remember Ricardo? 1-16. Sušnik, U. [Editorial address] [Download PDF] On Price Normalization and Choice of Techniques in Ricardo's Theory. 17-28. Manoudakis, K. [Download PDF] Ricardo, Marx, Keynes: Distinct Economic Visions? 29-43. Bandala, J.G.M. [Download PDF] Absolutne stroškovne razlike razlike in trdovratna trgovinska neravnovesja: Harrodijanski proces usklajevanja. 44-49. Shaikh, A. [Seminal texts in Slovenian] [Download PDF] Letters of Ricardo to Malthus. 50-55. Trobec P. [Book reviews] [Download PDF] Body, Language, and Meaning in Conflict Situations. 56-64. Conič, M. [Book reviews] [Download PDF] |
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Volume II, Issue 1,
Spring 2017
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Make economics relevant again. 1-8. Managing editors [Download PDF] Reframing the labor question: On the marginal productivity theory and labor theory of property. 9-44. David Ellerman [Download PDF] In need for a drastic change: On the ''evidence-based'' debates in cultural economics and cultural policy. 45-62. Andrej Srakar [Download PDF] Why established macroeconomics is problematic and how this situation can be overcome. 63-83. David Chester [Download PDF] Socialism and Marxian economics: An overview. 84-101. Ema Talam [Download PDF] Choreography of resolution: Conflict, movement and neuroscience. 102-108. A book review by Maruša Conič [Download PDF] |
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Volume I, Issue 1
Autumn 2016
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Editor's Corner: Economics and the Manchester System. 1-8. Urban Sušnik [Download PDF] From Paucity to Inefficiency: The Case of Democratic Economic Governance. 9-37. Tej Gonza [Download PDF] 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] Institutions and Economic Development: A More Complete View to Understanding Economic Growth. 70-87. Maruša Arzenšek, Domen Bider in Urša Ferjančič [Download PDF] Financing obstacles to the realization of 21st century socialism. 88-115.Victor van der Weerden [Download PDF] |
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Introduction to the first edition of REEM
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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. |
