IOpedia explains topical economics issues both in layman's terms and at a more advanced (technical) level. All IOpedia articles include at least one of the following two ingredients:
  1. Promoting pluralism in economics. In most universities across the world, standard economics textbooks teach basically only Neoclassical Economics, which is only one of several schools of economic thought. These include e.g. Institutional Economics, Post-Keynesian Economics, Modern Monetary Theory, Complexity Economics, Evolutionary Economics, Ecological Economics, Feminist Economics, Austrian Economics, Marxian Political Economy, and Behavioural Economics. IOpedia's essays are pluralistic in nature and intend to contribute to the growing initiatives aimed at raising public awareness about the strength and weaknesses of theories and tools of different economics perspectives. 
  2. Focusing on the role and consequences of sectoral interdependencies, which are often ignored in most (mainstream) macroeconomic analyses. Such sectoral (or firm-level) interdepedencies arise because, to organize their production, firms acquire intermediate inputs (e.g. electricity, raw materials, transportation services) from other sectors of an economy and primary inputs (i.e. labor, administration services, and capital) from households, the government, and investors. Similarly, on the output side, firms depend on other sectors in selling their intermediate output and on final consumers in marketing their final output. Therefore, theories that ignore such critical (quantity and price) input-output linkages, especially in today's globalised world with world-wide fragmented production, are largely inadequate for proper understanding of a system-wide impact of any economic phenomenon.  
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