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Research Interests

Macroeconomics, Political Economy, International macro-finance, Public Debt, Money, Financialisation, Marxist Economics and Latin America

Recent Publications

Published Papers

Alves, C. and Kvangraven, I. H. Changing the Narrative: Economics After Covid-19, Review of Agrarian Studies, (2020) vol 10(1)
Kvangraven, I. and Alves, C. ¿Por Qué Tan Hostil? Quebrando Mitos Sobre la Economía Heterodoxa, Ensayos de Economía, (2020) vol 30 no. 56 pp. 230-245
Alves, C. and Toporowski, J. Growth of International Finance and Emerging Economies: Elements for an Alternative Approach, PSL Quarterly Review, (2019) vol 72 no. 288

Cambridge Working Papers in Economics

Alves, C. Joan Robinson in 1942, an encounter between Marxian Economics and Macroeconomics, (2022) CWPE2226
Alves, C., Guizzo, D. Economic Theory and Policy Today: Lessons from Barbara Wootton and the Creation of the British Welfare State, (2022) CWPE2246
Alves, C. and Toporowski, J. Growth of international finance and emerging economies: Elements for alternative approach, (2019) CWPE1930

Working Papers

Alami, I., Alves, C., Bonizzi, B., Kaltenbrunner, A., Kodddenbrock, K., Kvangraven, I. & Powell, J. International Financial Subordination: A Critical Research Agenda, (2021) Greenwich Papers in Political Economy, University of Greenwich #GPERC85.
Kvangraven, I. H. and Alves, C. Heterodox Economics as a Positive Project: Revisiting the Debate, (2019) ESRC GPID Research Network Working Paper 19.

Research Activities

Frank Wilkinson Memorial Symposium and Economics Reunion
Dr Carolina Alves, together with Dr Clive Lawson, Girton College and its Fellows in Economics, is organising the ‘Frank Wilkinson Memorial and Economics Reunion Dinner’. Dr Frank Wilkinson (1934 – 2021), Life Fellow in Economics and one of the first two men to join Girton’s Fellowship in 1977, was a leading labour economist of the Cambridge school, and his career path is intricately entwined with the history of the Cambridge School of Economics. He was a much-loved colleague, brilliant economist and inspiring teacher. To mark Dr Wilkinson’s life and work, we warmly invite all those connected with Economics at Girton – alumni, Fellows and students – to a symposium reflecting on Frank’s work and the impact it has had in the wider world.
Event Date - Saturday 14th May 2022

Economics Observatory (ECO) – Special Issue on Decolonisation and Economics
Dr Carolina Alves will be editing a series of articles for the Economics Observatory (ECO) on decolonisation and economics along with Dr Ingrid Kvangraven (King’s College London, D-Econ) and editorial managers Ashley Lait and Charlie Meyrick. ECO is a project that attempts to bridge the gap between academic research, government policy and the general public through accessible blog posts. To that end, Carolina and Ingrid are looking to explore decolonisation and economics from different angles, followed by policy implications.
Published on - Monday 14th February 2022

Fourth Annual Women in Macroeconomics Conference: Who is the 'individual' in Macroeconomics?
Dr Carolina Alves together with Dr Angus Armstrong (Director of Rebuilding Macroeconomics, UCL-IGP) is organising the Rebuilding Macroeconomics’ Fourth Annual Conference on ‘Women in Economics’. The organisers want to investigate what we mean by the ‘individual’ in macroeconomics, particularly when considering gendered roles and identities. Does this alien caricature of an individual influence how women see macroeconomics, and might this perhaps account for lack of representation of women in the discipline? How can we do macroeconomics while taking full account of our multiple identities as real human beings? View the full programme here.
Event Date - Thursday 9th December 2021

Cambridge Journal of Economics - Call for Papers
Dr Carolina Alves will be editing a special issue in the in the Cambridge Journal of Economics along with Jan Toporowski (SOAS, University of London) and internal editors Sue Konzelmann (Birkbeck, University of London) and Alan Shipman (The Open University). The special issue aims to discuss how Joan Robinson’s writings have influenced economics and continued to advance it in the 21st Century. Deadline for submitting papers via CJE refereeing process is 30 April 2022.
Published on - Monday 11th October 2021

Bristol Festival of Economics Ideas - Why Diversifying and Decolonising Economics Matters to Everyone
Dr Carolina Alves is curating two panels at the Bristol Festival of Economics Ideas. One on how the discipline of economics has been challenged about its Eurocentric nature. And a second on the extent to which the project of economic development has its basis in colonial power structures. See the event pages "Why Diversifying and Decolonising Economics Matters to Everyone" and "Decolonising Economics: What does it mean and how is it done?" for details.
Published on - Monday 16th November 2020

Cambridge Journal of Economics - Call for Papers
Call for Papers. Dr Carolina Alves is organising a special issue of the Cambridge Journal of Economics. Along with, Bruno Bonizzi (University of Hertfordshire), Annina Kaltenbrunner (Leeds University Business School), and Gabriel Palma (Emeritus Faculty of Economics), Dr Alves will be editing a special issue of the CJE that aims to provide an assessment of the financialisation process in developing and emerging economies (DEEs). The deadline for the submission of papers is 31st May 2020.
Published on - Thursday 17th October 2019

Macroeconomics: Where are the Women?
Dr Carolina Alves together with Dr Ingrid Kvangraven (University of York, Decon) and Dr Angus Armstrong (Director of Rebuilding Macroeconomics, NIESR) is organising the Rebuilding Macroeconomics’ Second Annual Conference on ‘Women in Economics’, which is part of the ESRC’s Festival of Science. View the full programme here. See the event page for details.
Event Date - Wednesday 6th November 2019

The Political Economy of Anger, Rebuilding Macroeconomics
Rebuilding Macroeconomics are hosting an afternoon talk "The Political Economy of Anger". The event will feature Professor Mark Blyth and macro fund manager Eric Lonergan discussing their forthcoming book on the political economy of anger, along with two discussants Professor Anand Menon and Dr. Carolina Alves. It will be held at the National Institute of Economic and Social Research (NIESR), London, on 5th February 2019, from 1.00-3.00pm.
Published on - Thursday 31st January 2019

How to Conceptualise Financialisation in Developing and Emerging Economies?
Cambridge Political Economy Society are holding a workshop on "How to Conceptualise Financialisation in Developing and Emerging Economies?" on the 13th and 14th of December 2018 at Girton College, University of Cambridge. See the full programme on the CPES website.
Event Date - Thursday 13th December 2018 - Friday 14th December 2018

Rebuilding Macroeconomics - Women in Economics
Rebuilding Macroeconomics are holding a Women in Economics event as part of the ESRC Festival of Social science at the National Institute of Economic and Social Research. The event will take place on the 9th of November 2018 between 12.00 and 05.40pm, at the National Institute of Economic and Social Research in London.
Event Date - Friday 9th November 2018

DEEs Workshop 2018 - Call for Papers
The "How to Conceptualise Financialisation in Developing and Emerging Economies? Manifestations, Drivers and Implications" workshop will be held on 13-14 December 2018, at Girton College, University of Cambridge. The workshop invites contributions on the theoretical and empirical specificities of the manifestations, drivers and implications of financialisation in DEEs. Paper proposals should be submitted by June 1st 2018.


Part I Paper 2 - Macroeconomics Principle
Part 1 Paper 4 - Political and Social Aspects of Economics
Part II Paper 8 - Issues in Social Ontology

PhD Students


Sarah Hughes-McLure
Affiliation: Department of Geography
PhD Title: The Role of the Private Sector, Private Finance and 'Innovative' Financing for Development
Research: Economic Geography, Development Geography and Political Economy.

Carolina Alves

Joan Robinson Research Fellow in Heterodox Economics (Girton College)

Research Group:
Alternative approaches to economics, history of economic thought, and methodology

Contact Details
Room: 83 (Faculty)
Office Hours: By appointment only
College: Girton College