Carolina Alves

• PhD in Economics - SOAS University of London
• Research Fellow at University of Cambridge

In this article, we argue that societies’ unpreparedness and inadequate responses to the Covid-19 pandemic expose weaknesses in the foundations of the dominant economic paradigm. We document how economics came to disembed itself from broader societal analysis and how this has influenced public policy in problematic ways, leading to privileging of e...

This paper revisits why Joan Robinson turned to Karl Marx in 1942 and which insights from Marxian economics she sought to incorporate into her later works, while commenting on how her encounter with Marx was received by some her of contemporaries. By the end of the 1930s, Robinson wanted to bring academic and Marxian economics together in a search...

The Cambridge Journal of Economics Special Issue on ‘Financialisation in Developing and Emerging Economies: Manifestations, Drivers and Implications’ is divided into two parts. As explained in its introduction, the first part of this double special issue publishes contributions which take a broadly conceptual and/or global approach to analysing fin...

This paper is a theoretical contribution to the development and update of Marx’s theory of money and credit, given the empirical developments in finance since the 1970s. It expands on the discussion of fictitious capital and government bonds within the Marxian literature. In contrast with most Marxian literature and some of Marx’s own writings on t...

This article investigates Barbara Wootton’s contributions to the discussion and implementation of a welfare system in Britain. It draws both from her theoretical work and her engagement in the public debate, including her interactions with William Beveridge and his welfare plan for post-war Britain. An assessment of Wootton’s published and unpublis...

The Cambridge Journal of Economics Special Issue on ‘Financialisation in Developing and Emerging Economies: Manifestations, Drivers and Implications’ is actually divided across a two-part issue. The first issue collects contributions that take a broadly conceptual and/or global approach to analysing financialisation in developing and emerging econo...

Despite a varied picture in terms of their relative economic strength, Developing and Emerging Economies (DEEs) remain in a subordinate position in the global monetary and financial system. While the IPE and economics literatures provide rich insights about the significance of this phenomenon, research efforts remain fragmented. To address this pro...

This paper revisits why Joan Robinson turned to Karl Marx in 1942 and which insights from Marxian economics she sought to incorporate into her later works, while commenting on the legacies of this encounter and how was received by some her of contemporaries. By the end of the 1930s, Robinson wanted to bring academic and Marxian economics together i...

The rise of the so-called Developing and Emerging Economies (DEEs) has been one of the most fundamental changes to the global economy in recent years. However, despite their rising economic power, DEEs remain in a subordinate position in global financial markets and the international monetary system, which shapes and constrains domestic economic ac...

Heterodox economics is concerned with the study of production and distribution of economic surplus, including the role of power relations in determining economic relationships, the study of economic systems beyond market relations, and the employment of theories focusing on these issues (Kvangraven and Alves, 2019). This approach can enrich our und...

La economía es única entre las ciencias sociales en tener una sola corriente principal monolítica, la cual descono-ce o es activamente hostil a los enfoques alternativos". (John King, 2013, p. 17) ¿Qué significa economía heterodoxa? ¿Es una etiqueta útil o perjudicial? Al estar fuera de la corriente principal de la disciplina de la Economía, la for...

Decolonização das Teorias Econômicas por Dr. Carolina Alves Joan Robinson Research Fellow in Heterodox Economics University of Cambridge, Girton College - UK Terca-feira 4th Agosto, 8 pm BST/4 pm Brasil NEC e Faculdade de Economia Universidade Federal da Bahia Link: https://www.youtube.com/watch?v=HYqcTPFkBgE&t=29s

Part of SOAS Virtual Webinar Series https://www.youtube.com/watch?v=q1RdafcwyD4

This paper considers common arguments that either dismiss or undermine the term 'heterodox economics' in order to show that the reluctance to use it stems in part from misunderstandings of (and sometimes disagreement over) what the term means and what it entails to do 'heterodox' research. The paper then develops a new definition of 'heterodox econ...

This paper examines the increasing cross-border flows of capital involving developing and emerging economies in the past few decades. The discussion challenges the traditional economic theories based on net capital flows and deficits in current accounts to explain international borrowing by developing countries, and on the current account imbalance...

Levy and Ortiz’s The Financialization Response to Economic Disequilibria is a timely book. It critiques mainstream economic theory and its limitations in explaining how economic conditions change or the transition from one state of equilibrium to another. Its analyses rely on Keynes, Kalecki, Kaldor, Minsky, Prebish, Furtado, and Marxists such as L...

Tomando a Miséria da Filosofia como objeto de análise, indicamos a seguinte questão como norteadora de nossa comunicação: 1.) em que medida a concepção de valor de Marx é constituída com base no antagonismo de classe?

This dissertation is related to the Marx's labour-value theory in his book Misery of Philosophy. Written in 1847 in a boisterous political context, Misery of Philosophy brings together elements that made possible for the author to present a yet inchoate criticism to the theory of labour-value elaborated by the classical economists, and to indicate...