Prof. Dr. Eckhard Hein

Background

since 2009: Professor of Economics, in particular European Economic Policies, Berlin School of Economics and Law

since 2005: Adj. Professor (Privatdozent) of Economics, Carl von Ossietzky University Oldenburg

2005 – 2009: Senior Researcher, Macroeconomic Policy Institute (IMK), Hans Böckler Foundation, Düsseldorf

2007 – 2008: Visiting Professor (Gastprofessor), Vienna University of Economics and Business Administration

2005 – 2008: Visiting Professor (Vertretungsprofessor), University of Hamburg

2005: Post-doctoral exam (Dr. rer. pol. habil), Carl von Ossietzky University Oldenburg

2001 – 2004: Senior Researcher, Institute for Economic and Social Research (WSI), Hans Böckler Foundation, Düsseldorf

2001 – 2004: Visiting Lecturer, Department of Economics and Law, Carl von Ossietzky University Oldenburg

1997 – 2001: Senior Lecturer (Wissenschaftlicher Assistent), Department of Economics and Law, Carl von Ossietzky University Oldenburg

1996: Doctorate (Dr. rer. pol.), Free University of Berlin

1992 – 1996: Junior Lecturer (Wissenschaftlicher Mitarbeiter), Department of Economics, Free University of Berlin

1991: Junior Lecturer (Wissenschaftlicher Mitarbeiter) at the Institute of Economics, University of Lüneburg

1990: Diploma (Diplom-Ökonom), University of Bremen

1985 – 1990: Studies of Economics, University of Bremen and New School for Social Research, New York

Coorperations

Co-Director of the Institute for International Political Economy (IPE), Berlin School of Economics and Law

Academic Director of the Master International Economics, Berlin School of Economics and Law

Member of the Consortium of the Erasmus Mundus Master Programm Economic Policies for the Global Transition (EPoG+)

Member of the Consortium of the International Master Programm Economic Policies in the Age of Globalisation (EPoG2)

Associated Member of the CEPN (Centre d'Économie Paris-Nord) and Coordinator of the PhD-Cooperation between the Berlin School of Economics and Law and the Sorbonne University Paris Nord

Member of the Doctoral Programme in Economic Integration, University of the Basque Country, Bilbao

Research Associate, Levy Economics Institute of Bard College, Annandale-on-Hudson, New York

Member of the Coordinating Committee and Fellow of the Forum for Macroeconomics and Macroeconomic Policies (FMM) (until 2017: Research Network Macroeconomics and Macroeconomic Policies)

Co-editor of the Series of the Research Network Macroeconomics and Macroeconomic Policies (FMM), Metropolis Publisher, Marburg

Managing Co-editor the European Journal of Economics and Economic Policies: Intervention

Contact Professor of Hans Boeckler Foundation

Former Research Fellows and PhD Students

Publications and Videos

Macroeconomics after Kalecki and Keynes: Post-Keynesian Foundations, Cheltenham: Edward Elgar, forthcoming. (More)

Introduction to Macroeconomics: Pluralist and Interactive, Berlin: HWR Berlin, 2022, (with A. Bramucci, F. Prante, A. Truger). (Online)

Einführung in die Makroökonomik: plural und interaktiv, Berlin: HWR Berlin, 2021 (with A. Bramucci, F. Prante and A. Truger). (Online)

Verteilung und Wachstum. Eine paradigmenorientierte Einführung unter besonderer Berücksichtigung der post-keynesianischen Theorie, Zweite, grundlegend überarbeitete und stark erweiterte Auflage, Marburg: Metropolis, 2018. (More)

The German Financial System and the Financial and Economic Crisis, Cham: Springer International, 2017 (with D. Detzer, N. Dodig, T. Evans, H. Herr and F.J. Prante). (More)

Monetäre Makroökonomie, Arbeitsmärkte und Entwicklung/Monetary Macroeconomics, Labour Markets and Development, Festschrift für/for Hansjörg Herr, Marburg: Metropolis 2016 (Hg./editor mit/with A. Truger, M. Heine, F. Hoffer). (More)

Financialisation and the Financial and Economic Crises: Country Studies, Cheltenham: Edward Elgar, 2016 (editor with D. Detzer and N. Dodig) (More)

The Demise of Finance-dominated Capitalism: Explaining the Financial and Economic Crises, Cheltenham: Edward Elgar, 2015 (editor with D. Detzer and N. Dodig). (More)

Distribution and Growth after Keynes: A Post-Keynesian Guide, Cheltenham: Edward Elgar, 2014. (More + teaching material)   Errrata

Makroökonomie, Entwicklung und Wirtschaftspolitik/Macroeconomics, Development and Economic Policies. Festschrift für/for Jan Priewe, Marbug: Metropolis 2014 (Hg./editor mit/with S. Dullien und/and A. Truger). (More)

Financialisation and macroeconomic regimes in emerging capitalist countries before and after the Great Recession, International Journal of Political Economy, 2022, 51 (2), 77-100, https://doi.org/10.1080/08911916.2022.2078009 (with Ü. Akcay and B. Jungmann).

Zero growth and macroeconomic stability: a post-Keynesian approach, European Journal of Economics and Economic Policies: Intervention, 2022, 19 (1), 41-60,  https://doi.org/10.4337/ejeep.2022.01.05 (with V. Jimenez).

Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism: a post-Keynesian two-country stock-flow consistent simulation approach, Review of Keynesian Economics, 2022, 10 (2), 262-288,  https://doi.org/10.4337/roke.2022.02.07 (with A. Bramucci and F. Prante).

Saving and Investment in the Twenty-First Century: The Great Divergence – some comments from a post-Keynesian perspective, European Journal of Economics and Economic Policies: Intervention, 2021, 18 (3), 293-302, https://doi.org/10.4337/ejeep.2021.03.04

Demand and growth regimes in finance-dominated capitalism and the role of the macroeconomic policy regime: a post-Keynesian comparative study on France, Germany, Italy and Spain before and after the Great Financial Crisis and the Great Recession, Review of Evolutionary Political Economy, 2021, 2 (3), 493-527, https://doi.org/10.1007/s43253-021-00044-5 (with J. Martschin).

Welfare models and demand-led growth regimes before and after the financial and economic crisis, Review of International Political Economy, 2021, 28 (5), 1196-1223, https://doi.org/10.1080/09692290.2020.1744178 (with W. Paternesi Meloni and P. Tridico).

Stability issues in Kaleckian models driven by autonomous demand growth – Harrodian instability and debt dynamics, Metroeconomica, 2021, 72 (2), 388-404, https://doi.org/10.1111/MECA.12325 (with R. Woodgate).

Gender issues in Kaleckian distribution and growth models: on the macroeconomics of the gender wage gap, Review of Political Economy, 2020, 32 (4), 640-664, https://doi.org/10.1080/09538259.2020.1836811.

The Eurozone in crisis – a Kaleckian macroeconomic regime and policy perspective, Review of Political Economy, 2020, 32 (4), 563-588, https://doi.org/10.1080/09538259.2020.1831202 (with J. Martschin).

Pluralist macroeconomics – an interactive simulator, International Journal of Pluralism and Economics Education, 2020, 11 (1), 55–78, http://dx.doi.org/10.1504/IJPEE.2020.109496 (with A. Bramucci, F. Prante and A. Truger).

Finanzialisation, distribution, and macroeconomic regimes before and after the crisis: a post-Keynesian view on Denmark, Estonia, and Latvia, Journal of Baltic Studies, 2019, 50 (4), 435-465, https://doi.org/10.1080/01629778.2019.1680403 (with P. Dünhaupt).

Financialisation and tendencies towards stagnation: the role of macroeconomic regime changes in the course of and after the financial and economic crisis 2007-9, Cambridge Journal of Economics, 2019, 43 (4), 975-999, https://doi.org/10.1093/cje/bez022.

Karl Marx – an early post-Keynesian? A comparison of Marx’s economics with the contributions by Sraffa, Keynes, Kalecki and Minsky, European Journal of Economics and Economic Policies: Intervention, 2019, 16 (2), 238-259, https://doi.org/10.4337/ejeep.2019.02.08.

A Kaleckian perspective on financialisation and distribution in three main Eurozone countries before and after the crisis: France, Germany and Spain, Review of Political Economy, 2018, 30 (1), 41-71, https://doi.org/10.1080/09538259.2018.1442784 (with P. Dünhaupt, A. Alfageme and M. Kulesza).

Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model, Journal of Post Keynesian Economics, 2018, 41 (2), 216-238, https://doi.org/10.1080/01603477.2017.1422389.

Financialisation and distribution from a Kaleckian perspective: the US, the UK and Sweden compared – before and after the crisis, International Journal of Political Economy, 2017, 46 (4), 233-266, https://doi.org/10.1080/08911916.2017.1407735 (with P. Dünhaupt, M. Kulesza and A. Alfageme).

Opportunities and limits of rebalancing the Eurozone via wage policies: Theoretical considerations and empirical illustrations for the case of Germany, PSL Quarterly Review, 2017, 70 (283), 421-447, https://doi.org/10.13133/2037-3643_70.283_2 (with A. Truger).

Post-Keynesian macroeconomics since the mid-1990s – main developments, European Journal of Economics and Economic Policies: Intervention, 2017, 14 (2), 131-172, https://doi.org/10.4337/ejeep.2017.02.01.

The Bhaduri/Marglin post-Kaleckian model in the history of distribution and growth theories – an assessment by means of model closures, Review of Keynesian Economics, 2017, 5 (2), 218-238, https://doi.org/10.4337/roke.2017.02.05.

Secular stagnation or stagnation policy? A post-Steindlian view, European Journal of Economics and Economic Policies: Intervention, 2016, 13 (2), 160-171, https://doi.org/10.4337/ejeep.2016.02.02.

Secular stagnation or stagnation policy? Steindl after Summers, PSL Quarterly Review, 2016, 69 (276): 3-47, https://doi.org/10.13133/2037-3643_69.276_1.

Finance-dominated capitalism and income distribution: a Kaleckian perspective on the case of Germany, Italian Economic Journal, 2015, 1 (2): 171-191, https://doi.org/10.1007/s40797-014-0001-4 (with D. Detzer).

Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area, Panoeconomicus, 2015, 62 (2): 217-236, https://doi.org/10.2298/PAN1502217H (with D. Detzer).

Finance-dominated capitalism and re-distribution of income – a Kaleckian perspective, Cambridge Journal of Economics, 2015, 39 (3): 907-934, https://doi.org/10.1093/cje/bet038.

Fiscal policy and rebalancing in the Euro area: A critique of the German debt brake from a Post-Keynesian perspective, Panoeconomicus, 2014, 61 (1): 21-38, https://doi.org/10.2298/PAN1401021H (with A. Truger).

The crisis of finance-dominated capitalism in the Euro area, deficiencies in the economic policy architecture and deflationary stagnation policies, Journal of Post Keynesian Economics, 2013/14, 36 (2): 325–354, https://doi.org/10.2753/PKE0160-3477360207.

Research

1. Post-Keynesian Macroeconomics

  • Macroeconomics after Kalecki and Keynes: Post-Keynesian Foundations, Cheltenham: Edward Elgar, 2023, forthcoming. (more)
  • Post-Keynesian macroeconomics since the mid-1990s – main developments, European Journal of Economics and Economic Policies: Intervention, 2017, 14 (2), 131-172, https://doi.org/10.4337/ejeep.2017.02.01.
  • A Modern Guide to Keynesian Macroeconomics and Economic Policies, Cheltenham: Edward Elgar, 2011 (editor with E. Stockhammer). (More)
  • Money, Distribution Conflict and Capital Accumulation. Contributions to 'Monetary Analysis', Basingstoke: Palgrave Macmillan, 2008. (More)

2. Distribution and Growth: Theory and Empirical Results

  • Verteilung und Wachstum. Eine paradigmenorientierte Einführung unter besonderer Berücksichtigung der post-keynesianischen Theorie, second, fundamentally revised and extended edition, Marburg: Metropolis, 2018. (More)
  • The Bhaduri/Marglin post-Kaleckian model in the history of distribution and growth theories – an assessment by means of model closures, Review of Keynesian Economics, 2017, 5 (2), 218-238, https://doi.org/10.4337/roke.2017.02.05.
  • Distribution and Growth after Keynes: A Post-Keynesian Guide, Cheltenham: Edward Elgar, 2014. (More + teaching material   Errrata)

3. European Economic Policies and Macroeconomic Policy Regimes

  • The Eurozone in crisis – a Kaleckian macroeconomic regime and policy perspective, Review of Political Economy, 2020, 32 (4), 563-588,  https://doi.org/10.1080/09538259.2020.1831202 (with J. Martschin).
  • Opportunities and limits of rebalancing the Eurozone via wage policies: Theoretical considerations and empirical illustrations for the case of Germany, PSL Quarterly Review, 2017, 70 (283), 421-447,   https://doi.org/10.13133/2037-3643_70.283_2 (with A. Truger).
  •  Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area, Panoeconomicus, 2015, 62 (2): 217-236, https://doi.org/10.2298/PAN1502217H (with D. Detzer).

4. Financial System and the Macroeconomy

  • The German Financial System and the Financial and Economic Crisis, Cham: Springer International, 2017 (with D. Detzer, N. Dodig, T. Evans, H. Herr and F.J. Prante). (More)
  • Financialisation and the Financial and Economic Crises: Country Studies, Cheltenham: Edward Elgar, 2016 (editor with D. Detzer and N. Dodig) (More)
  • The Demise of Finance-dominated Capitalism: Explaining the Financial and Economic Crises, Cheltenham: Edward Elgar, 2015 (editor with D. Detzer and N. Dodig). (More)
  • The Macroeconomics of Finance-dominated Capitalism - and its Crisis, Cheltenham: Edward Elgar, 2012. (More)     (Errata)

1. Stability and Instability in Demand-led Growth Models

  • Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model, Journal of Post Keynesian Economics, 2018, 41 (2), 216-238, https://doi.org/10.1080/01603477.2017.1422389
  • Harrodian instability in Kaleckian models and Steindlian solutions: an elementary discussion, in: Basu, D., Das, D. (eds.), Conflict, Demand and Economic Development: Essays in Honour of Amit Bhaduri, Abingdon, New York: Routledge, 2021, 44-69.
  • Stability issues in Kaleckian models driven by autonomous demand growth – Harrodian instability and debt dynamics, Metroeconomica, 2021, 72 (2), 388-404, https://doi.org/10.1111/MECA.12325 (with R. Woodgate).

2. Macroeconomic Demand and Growth Regimes and Regime Changes

  • Welfare models and demand-led growth regimes before and after the financial and economic crisis, Review of International Political Economy, 2021, 28 (5), 1196-1223, https://doi.org/10.1080/09692290.2020.1744178 (with W. Paternesi Meloni and P. Tridico).
  • The Eurozone in crisis – a Kaleckian macroeconomic regime and policy perspective, Review of Political Economy, 2020, 32 (4), 563-588, https://doi.org/10.1080/09538259.2020.1831202 (with J. Martschin).
  • Demand and growth regimes in finance-dominated capitalism and the role of the macroeconomic policy regime: a post-Keynesian comparative study on France, Germany, Italy and Spain before and after the Great Financial Crisis and the Great Recession, Review of Evolutionary Political Economy, 2021, 2 (3), 493-527, https://doi.org/10.1007/s43253-021-00044-5 (with J. Martschin).
  • Financialisation and stagnation – a macroeconomic regime perspective, in: Wray, L.R., Dantas, F. (eds), The Handbook of Economic Stagnation, London et al.: Academic Press, Elsevier, 2022, 79-101, https://doi.org/10.1016/B978-0-12-815898-2.00001-X .
  • Financialisation and macroeconomic regimes in emerging capitalist countries before and after the Great Recession, International Journal of Political Economy, 2022, 51 (2), 77-100, https://doi.org/10.1080/08911916.2022.2078009 (with Ü. Akcay and B. Jungmann).
  • Financialisation, varieties of macroeconomic regimes and stagnation tendencies in a stylised Kaleckian model, Institute for International Political Economy (IPE), Working Paper 193/2022. (download)
  • Varieties of demand and growth regimes – post-Keynesian foundations, Institute for International Political Economy (IPE), Working Paper 196/2022. (download)
  • Demand and growth regimes of the BRICs countries – the national income and financial accounting decomposition approach and an autonomous demand-led growth perspective, Institute for International Political Economy (IPE), Working Paper 197/2022 (with J.M. Campana, J. Emboava Vaz, B. Jungmann). (download)

3. Macroeconomics and Socio-ecological Transformation

  • Zero growth and macroeconomic stability: a post-Keynesian approach, European Journal of Economics and Economic Policies: Intervention, 2022, 19 (1), 41-60,  https://doi.org/10.4337/ejeep.2022.01.05 (with V. Jimenez).
  • Special Issue on ‘De-growth, Zero Growth, and/or Green Growth? Macroeconomic Implications of Ecological Constraints’, European Journal of Economics and Economic Policies: Intervention, 19 (1), 2022 (edited with Hansjörg Herr, Valeria Jimenez and Jan Priewe). (more)

4. WIPOSIM - The Economic Policy Online Simulator (2019-22, Hans Böckler Foundation)

  • Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism: a post-Keynesian two-country stock-flow consistent simulation approach, Review of Keynesian Economics, 2022, 10 (2), 262-288,  https://doi.org/10.4337/roke.2022.02.07 (with A. Bramucci and F. Prante).
  • Financialisation and the potentials for a progressive equality-, sustainability- and domestic demand-led regime: a post-Keynesian simulation approach, Institute for International Political Economy (IPE), Working Paper 192/2022 (with A. Bramucci, F. Prante). (download)

1. FESSUD - Financialisation, Economy, Society and Sustainable Development (2011-16, European Commission, FP 7)

  • The German Financial System and the Financial and Economic Crisis, Cham: Springer International, 2017 (with D. Detzer, N. Dodig, T. Evans, H. Herr and F.J. Prante). (More)
  • Financialisation and the Financial and Economic Crises: Country Studies, Cheltenham: Edward Elgar, 2016 (editor with D. Detzer and N. Dodig) (More)
  • The Demise of Finance-dominated Capitalism: Explaining the Financial and Economic Crises, Cheltenham: Edward Elgar, 2015 (editor with D. Detzer and N. Dodig). (More)

2. Distribution and Growth after Keynes: A Post-Keynesian Guide (2012-13, Research Sabbatical)

3. MGWK -Model-theoretic Foundations of Controversies in Economic Policy (2016-19, FGW Düsseldorf)

  • Introduction to Macroeconomics: Pluralist and Interactive, Berlin: HWR Berlin, 2022, (with A. Bramucci, F. Prante, A. Truger). (Online)

4. Secular Stagnation? Modern Perspectives, Empirical Results and Economic Policy Implications (2017, Research Sabbatical)

  • Secular stagnation or stagnation policy? Steindl after Summers, PSL Quarterly Review, 2016, 69 (276): 3-47, https://doi.org/10.13133/2037-3643_69.276_1.
  • Financialisation and distribution from a Kaleckian perspective: the US, the UK and Sweden compared – before and after the crisis, International Journal of Political Economy, 2017, 46 (4), 233-266, https://doi.org/10.1080/08911916.2017.1407735 (with P. Dünhaupt, M. Kulesza and A. Alfageme).
  • A Kaleckian perspective on financialisation and distribution in three main Eurozone countries before and after the crisis: France, Germany and Spain, Review of Political Economy, 2018, 30 (1), 41-71, https://doi.org/10.1080/09538259.2018.1442784 (with P. Dünhaupt, A. Alfageme and M. Kulesza).
  • Stagnation policy in the Eurozone and economic policy alternatives: A Steindlian/neo-Kaleckian perspective, Wirtschaft und Gesellschaft, 2018, 44 (3), 315-348.
  • Financialisation and tendencies towards stagnation: the role of macroeconomic regime changes in the course of and after the financial and economic crisis 2007-9, Cambridge Journal of Economics, 2019, 43 (4), 975-999, https://doi.org/10.1093/cje/bez022

5. Macroeconomics after Kalecki and Keynes: Post-Keynesian Foundations (2021-22, Research Sabbatical)

  • Macroeconomics after Kalecki and Keynes: Post-Keynesian Foundations, Cheltenham: Edward Elgar, 2023, forthcoming. (more)

Lecturing

Bachelor (Economics, Business Administration, et al.):

  • Macroeconomics I: Business Cycle and Employment
  • Macroeconomics I: Business Cycle and Employment (in German)
  • Macroeconomics II: World market and currencies (in German)
  • Theory of Economic Policies (in German)
  • European Economic Policies

Master International Economics:

  • Macroeconomics
  • Distribution and Growth
  • Research Seminar
  • Tutorial Seminar
  • Current Issues in International Economics

Master Political Economy of European Integration:

  • Dimensions of European Integration: Money and Trade
  • Current Issues of European Integration

Master Labour Policies and Globalisation:

  • Economic Policy and the Role of the Trade Unions

Syllabus and materials on Moodle: (More)

  • Distribution and Growth for Master and Doctoral Students
  • Economics I: Introduction (in German)
  • Economics II: Microeconomics (in German)
  • Economics III: Macroeconomics (in German)
  • Growth and Distribution (in German)
  • Distribution: Empirics, Theory, Policy (in German)
  • Marx and Keynes (in German)
  • Empirical Economic Research (in German)

University of Siegen 2019

  • Master Class Political Economy: Distribution and Growth after Keynes

Vienna Universityof Economics and Business Administration 2007–2008

  • Current economic policy discussions in macroeconomics (in German)

University of Hamburg2005 – 2008

  • Macroeconomics (in German)
  • Distribution and Growth (in German)
  • European Economic Policies (in German)

Free University of Berlin 1992–1996

  • Controversies in Political Economy (in German)
  • Business Cycle and Long-run Developments (in German)
  • Marx and Keynes: Money, Effective Demand and Capital Accumulation (in German)

Study groups (in German) for:

  • Economics I: Introduction
  • Economcis II: Microeconomics
  • Economics IV: Business Cycle, Growth, Distribution, Internatonal Economics, in German

Berlin School of Economics 1995

  • Distribution and Social Policy (in German)

University of Lüneburg 1991

  • Economic Policy Concepts (in German)

University of Bremen 1989 – 1991

Study groups (in German) for:

  • National Income Accounting
  • Economics I: Employment, Business Cycle and Growth