Frontiers Of Heterodox Macroeconomics

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Frontiers of Heterodox Macroeconomics

Philip Arestis,Malcolm Sawyer
Frontiers of Heterodox Macroeconomics Book PDF

Author : Philip Arestis,Malcolm Sawyer
Publisher : Springer Nature
Page : 378 pages
File Size : 49,7 Mb
Release : 2019-09-05
Category : Political Science
ISBN : 9783030239299

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Frontiers of Heterodox Macroeconomics by Philip Arestis,Malcolm Sawyer Pdf

In the past few decades, and intensified since the global financial crisis of August 2007, heterodox macroeconomics has developed apace and its scope has broadened in a number of directions. The purpose of this volume is to review the ‘state of the art’ in heterodox macroeconomics, its strengths and weaknesses and future directions. Heterodox macroeconomics has broadened its scope through gender macroeconomics, ecological macroeconomics and further incorporated income distribution and inequality into macroeconomics analysis. New macroeconomic models, particularly stock-flow consistent modelling has become a widely used mode of analysis. Money and finance, monetary policy and fiscal policy as well as other policies have been discussed widely. The focus of this edited collection is on all of these issues, with chapters focusing on inflation, ecological sustainability and regulatory policy.

Advancing the Frontiers of Heterodox Economics

Tae-Hee Jo,Zdravka Todorova
Advancing the Frontiers of Heterodox Economics Book PDF

Author : Tae-Hee Jo,Zdravka Todorova
Publisher : Routledge
Page : 387 pages
File Size : 51,8 Mb
Release : 2015-07-30
Category : Business & Economics
ISBN : 9781317912477

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Advancing the Frontiers of Heterodox Economics by Tae-Hee Jo,Zdravka Todorova Pdf

This collection of essays honors the life and work of one of the most prominent and fervent heterodox economists, Frederic S. Lee, who has been at the heart of the heterodox economics movements for the past three decades. Authors in this book demonstrate that heterodox economic has transcended the criticism of mainstream economics and, more importantly, that constructive developments are in the making by way of cross-communications among various heterodox economics traditions. Frederic S. Lee’s contributions to heterodox economics are centered on three themes: the making of a history and identity of heterodox economics, heterodox microeconomics, and the heterodox analysis of social provisioning. Part I addresses the importance of history, theory, research methods, and institutions in the making of the identity of heterodox economics as an alternative to mainstream economics. Part II delves into heterodox microeconomic theories—in particular, investment, pricing, competition, markets, and market governance—as foundations of heterodox macroeconomic analyses. Part III expands the analysis of the capitalist social provisioning process with an emphasis on its subsystems and their relationships over historical time. Part IV encapsulates the life and work of Frederic S. Lee. Throughout his intellectual life Frederic S. Lee has shown to many that the development of heterodox economics is rendered possible by unselfish and ceaseless efforts to build both theory and institutions. Essays in this book attest that establishing an alternative critical theory to the status quo is not only possible but also serviceable to the majority of the population.

Heterodox Macroeconomics

Jonathan P. Goldstein,Michael G. Hillard
Heterodox Macroeconomics Book PDF

Author : Jonathan P. Goldstein,Michael G. Hillard
Publisher : Routledge
Page : 304 pages
File Size : 42,6 Mb
Release : 2009-06-02
Category : Business & Economics
ISBN : 9781135968601

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Heterodox Macroeconomics by Jonathan P. Goldstein,Michael G. Hillard Pdf

Heterodox Macroeconomics offers a detailed understanding of the foundations of the recent global financial crisis. The chapters, from a selection of leading academics in the field of heterodox macroeconomics, carry out a synthesis of heterodox ideas that place financial instability, macroeconomic crisis, rising global inequality and a grasp of the perverse and pernicious qualities of global and domestic macroeconomic policy making since 1980 into a coherent perspective. It familiarizes the reader with the emerging unified theory of heterodox macroeconomics and its applications. The book is divided into four key sections: I) Heterodox Macroeconomics and the Keynes-Marx synthesis; II) Accumulation, Crisis and Instability; III) The Macrodynamics of the Neoliberal Regime; and IV) Heterodox Macroeconomic Policy. The essays include theoretical, international, historical, and country perspectives on financial fragility and macroeconomic instability.

Heterodox Macroeconomics

Robert A. Blecker,Mark Setterfield
Heterodox Macroeconomics Book PDF

Author : Robert A. Blecker,Mark Setterfield
Publisher : Edward Elgar Publishing
Page : 643 pages
File Size : 49,5 Mb
Release : 2019
Category : Business & Economics
ISBN : 9781784718909

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Heterodox Macroeconomics by Robert A. Blecker,Mark Setterfield Pdf

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial} The last few decades have witnessed an outpouring of literature on macroeconomic models in the broad ‘heterodox’ tradition of Marx, Keynes, Robinson, Kaldor and Kalecki. These models yield an alternative analytical framework in which the big questions of our day – such as how inequality is related to growth or stagnation, and whether long-run growth is stable or unstable – can be fruitfully addressed. Heterodox Macroeconomics provides an accessible, pedagogically oriented treatment of the leading models and approaches in heterodox macroeconomics with clear, step-by-step presentations of core models and their solutions, properties and implications.

An Introduction to Macroeconomics

Louis-Philippe Rochon,Sergio Rossi
An Introduction to Macroeconomics Book PDF

Author : Louis-Philippe Rochon,Sergio Rossi
Publisher : Edward Elgar Publishing
Page : 433 pages
File Size : 55,5 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781782549383

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An Introduction to Macroeconomics by Louis-Philippe Rochon,Sergio Rossi Pdf

This important new book introduces students to the fundamental ideas of heterodox economics. It is written in a clear way by top heterodox scholars. They offer not only a critique of the dominant approach to economics, but also present a positive and constructive alternative. Students interested in an explanation of the real world will find the heterodox approach not only satisfying, but ultimately better able to explain a money-using economy prone to periods of instability and crises.

In Defense of Post-Keynesian and Heterodox Economics

Frederic S. Lee,Marc Lavoie
In Defense of Post Keynesian and Heterodox Economics Book PDF

Author : Frederic S. Lee,Marc Lavoie
Publisher : Routledge
Page : 282 pages
File Size : 47,5 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780415694360

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In Defense of Post-Keynesian and Heterodox Economics by Frederic S. Lee,Marc Lavoie Pdf

This text makes it clear that post Keynesian/heterodox economics is, in spite of internal problems, a viable and important approach to economics and that it should resist the attempts of the critics to bury it.

Contemporary Issues in Heterodox Economics

Arturo Hermann,Simon Mouatt
Contemporary Issues in Heterodox Economics Book PDF

Author : Arturo Hermann,Simon Mouatt
Publisher : Routledge
Page : 308 pages
File Size : 50,5 Mb
Release : 2020-10-07
Category : Business & Economics
ISBN : 9781000199499

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Contemporary Issues in Heterodox Economics by Arturo Hermann,Simon Mouatt Pdf

Heterodox economics can provide a more complete and robust explanation of economic realities than orthodox (or mainstream) economics. Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action argues that this greater explanatory power gives heterodox economics the ability to illuminate appropriate policy for the major crises of our time, as well as proffer the basis for a more rounded, pluralist approach to economic theory. The chapters in this wide-ranging volume address some of the key issues facing the global economy, including the growing disparity of income/wealth between persons and economic areas, environmental degradation, issues associated with employment, and the regularity of economic/financial crises. The authors examine potential policy responses such as modern monetary theory, models of public ownership, and the need to move beyond standard concepts of growth. They also explore the deficiencies of orthodox economics, and contend that a more pluralist approach to economics is required in the public sphere, in academia, and in the classroom in order to help face the challenges of the twenty-first century. This book is invaluable reading for students and scholars across the social sciences who are interested in alternatives to mainstream economic thinking.

Philosophy of Economics

Oliver Schlaudt
Philosophy of Economics Book PDF

Author : Oliver Schlaudt
Publisher : Routledge
Page : 184 pages
File Size : 46,5 Mb
Release : 2021-10-27
Category : Business & Economics
ISBN : 9781000465761

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Philosophy of Economics by Oliver Schlaudt Pdf

Philosophy of Economics: A Heterodox Introduction provides an introduction to the philosophy of economics through the prism of heterodoxy. Heterodox economics covers a range of approaches and schools of thought but what they have as a common denominator is the conviction that economic phenomena cannot be understood, and thus must not be studied, in isolation from their relevant context. Conversely, the current form of neoclassical economics emerged from the conviction that there is something like economic rationality sui generis which can be treated independently from all other aspects of our world, social or natural. Heterodox approaches challenge this conviction, from a variety of angles: the economic actor is not isolated, but lives in society which shapes him; market goods are only one kind of goods among others, constituting a larger set with ambiguous and shifting inner frontiers; production of goods takes place within nature, is subjected to physical laws and induces in most cases ecologically problematic fluxes of matter (e.g. waste); finally, the whole economic process in general is not in equilibrium, but shows secular trends through which it is connected to the historical world. This book demonstrates the vitality of these heterodox challenges from a philosophical point of view because not only do they formulate new hypotheses within economics, but they challenge economic theory on a much more fundamental level: how is the economy situated in the world, and which are the right methods for its investigation? This book is an ideal introduction for anyone seeking alternative or critical perspectives on the philosophy of economics and economic theory.

Economic Pluralism

Robert F Garnett Jr,Erik Olsen,Martha Starr
Economic Pluralism Book PDF

Author : Robert F Garnett Jr,Erik Olsen,Martha Starr
Publisher : Routledge
Page : 325 pages
File Size : 45,6 Mb
Release : 2009-09-10
Category : Business & Economics
ISBN : 9781135230609

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Economic Pluralism by Robert F Garnett Jr,Erik Olsen,Martha Starr Pdf

Economists in the post-Cold War era are increasingly circumspect about universal, one-size-fits-all conceptions of human behaviour and economic institutions. Contemporary economics is thus marked by a nascent pluralism. Economic Pluralism brings these pluralist sensibilities to the fore. Its twenty original essays explore the positive potential and critical limits of pluralism in economic theory, philosophy, institutions, and policies, and education. These twenty original essays reflect the maturity and breadth of pluralist scholarship in economics today. The first eight chapters (including critical essays by Tony Lawson, Diana Strassmann et al., Frederic Lee, and David Colander) stake out contentious positions on the value of pluralism in economic theory and philosophy. The remaining chapters explore the meaning and consequences of pluralism in economic education, institutions, and policies. This volume provides a unique "second generation" discussion of pluralism in economics. Its twenty original essays stake out contentious positions on pluralism in economic theory, philosophy, institutions, and policies, and education, reflecting multiple generations and traditions of thought. It is a volume certain to spur wider conversation about the scope and value of economic pluralism for the 21st century. This volume would be of most interest as a supplementary text for graduate or undergraduate courses that include units on heterodox economics or economic philosophy.

A Guide to What's Wrong with Economics

Edward Fullbrook
A Guide to What s Wrong with Economics Book PDF

Author : Edward Fullbrook
Publisher : Anthem Press
Page : 332 pages
File Size : 44,7 Mb
Release : 2004
Category : Business & Economics
ISBN : 9780857287373

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A Guide to What's Wrong with Economics by Edward Fullbrook Pdf

During a time of accelerating momentum for radical change in the study of economics, 'A Guide to What's Wrong with Economics' comprehensively re-examines the shortcomings of neoclassical economics and considers a number of alternative formulations.

The Routledge Handbook of Heterodox Economics

Tae-Hee Jo,Lynne Chester,Carlo D'Ippoliti
The Routledge Handbook of Heterodox Economics Book PDF

Author : Tae-Hee Jo,Lynne Chester,Carlo D'Ippoliti
Publisher : Routledge
Page : 550 pages
File Size : 48,5 Mb
Release : 2017-07-28
Category : Business & Economics
ISBN : 9781317480297

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The Routledge Handbook of Heterodox Economics by Tae-Hee Jo,Lynne Chester,Carlo D'Ippoliti Pdf

The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a ‘pluralistic’ heterodox perspective. Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics; Régulation theory; the Social Structure of Accumulation approach; and ecological economics. They explain the structural properties and dynamics of capitalism, as well as propose economic and social policies for the benefit of the majority of the population. This book aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy in a constructive and forward-looking manner. Secondly, it delineates the future directions, as well as the current state, of heterodox economics, and then provides both ‘heat and light’ on controversial issues, drawing out the commonalities and differences among different heterodox economic approaches. The volume also envisions transformative economic and social policies for the majority of the population and explains why economics is, and should be treated as, a social science. This Handbook will be of compelling interest to those, including students, who wish to learn about alternative economic theories and policies that are rarely found in conventional economics textbooks or discussed in the mainstream media, and to critical economists and other social scientists who are concerned with analyzing pressing socio-economic issues.

Handbook of Research Methods and Applications in Heterodox Economics

The Late Frederic S. Lee,Bruce Cronin
Handbook of Research Methods and Applications in Heterodox Economics Book PDF

Author : The Late Frederic S. Lee,Bruce Cronin
Publisher : Edward Elgar Publishing
Page : 640 pages
File Size : 46,7 Mb
Release : 2016-04-29
Category : BUSINESS & ECONOMICS
ISBN : 9781782548461

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Handbook of Research Methods and Applications in Heterodox Economics by The Late Frederic S. Lee,Bruce Cronin Pdf

Despite the important methodological critiques of the mainstream offered by heterodox economics, the dominant research method taught in heterodox programmes remains econometrics. This compelling Handbook provides a comprehensive introduction to a range of alternative research methods, invaluable for analysing the data prominent in heterodox studies. Providing a solid basis for a mixed methods approach to economic investigations, the expertly crafted contributions are split into three distinct sections: philosophical foundation and research strategy, research methods and data collection, and applications. Introductions to a host of invaluable methods such as survey, historical, ethnographic, experimental and mixed approaches, together with factor, cluster, complex and social network analytics, are complemented by descriptions of applications in practice. Practical and expansive, this Handbook is highly pertinent for students and scholars of economics, particularly those dedicated to heterodox approaches, as it provides a solid reference for mixed methods not available in mainstream economics research methods courses.

In Defense of Post-Keynesian and Heterodox Economics

Frederic S. Lee,Marc Lavoie
In Defense of Post Keynesian and Heterodox Economics Book PDF

Author : Frederic S. Lee,Marc Lavoie
Publisher : Routledge
Page : 282 pages
File Size : 48,9 Mb
Release : 2012-11-12
Category : Business & Economics
ISBN : 9781136215667

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In Defense of Post-Keynesian and Heterodox Economics by Frederic S. Lee,Marc Lavoie Pdf

Post-Keynesian and heterodox economics challenge the mainstream economics theories that dominate the teaching at universities and government economic policies. And it was these latter theories that helped to cause the great depression the United States and the rest of the world is in. However, most economists and the top 1% do not want mainstream theories challenged—for to do so would mean questioning why and how the 1% got where they are. Therefore, numerous efforts have been and are being made to discredit if not suppress Post-Keynesian and heterodox economics. These efforts have had some success; this book is a response to them. This book makes it clear that Post Keynesian/heterodox economics is, in spite of internal problems, a viable and important approach to economics and that it should resist the attempts of the critics to bury it. The reader will also find arguments that directly engage the critics and suggest that their views/criticisms are vacuous and wrong. As such, this will appeal to all who are interested in economic theory, economic history and who believe in challenging the orthodoxy.

Marx, Veblen, and the Foundations of Heterodox Economics

Tae-Hee Jo,Frederic Lee
Marx Veblen and the Foundations of Heterodox Economics Book PDF

Author : Tae-Hee Jo,Frederic Lee
Publisher : Routledge
Page : 342 pages
File Size : 46,8 Mb
Release : 2015-07-30
Category : Business & Economics
ISBN : 9781317631453

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Marx, Veblen, and the Foundations of Heterodox Economics by Tae-Hee Jo,Frederic Lee Pdf

John F. Henry is an eminent economist who has made important contributions to heterodox economics drawing on Adam Smith, Karl Marx, Thorstein Veblen, and John Maynard Keynes. His historical approach offers radical insights into the evolution of ideas (ideologies and theories) giving rise to and/or induced by the changes in capitalist society. Essays collected in this festschrift not only evaluate John Henry’s contributions in connection to Marx’s and Veblen’s theories, but also apply them to the socio-economic issues in the 21st century. In Part I leading heterodox economists in the traditions of Marxism, Post Keynesianism, and Institutionalism critically examine Marx’s and Veblen’s theoretical frameworks (and their connections to each other) that have become the foundations of heterodox economics. Chapters in Part II showcase alternative theoretical explanations inspired by Marx, Veblen, and Henry. Topics in this Part include financial crisis, financialization, capital accumulation, economics teaching, and the historical relationship between money and class society. Part III is devoted to John Henry’s heterodox economics encapsulated in his "farewell" lecture, interview, and bibliography. Essays in this book, individually and collectively, make an important point that the history of economic thought (or historical analysis of economic theory and policy) is an integral part of developing heterodox economics as an alternative theoretical framework. Anyone who is troubled by the recurring failure of capitalism as well as mainstream economics will find this book well worth reading.

Power and Influence of Economists

Jens Maesse,Stephan Pühringer,Thierry Rossier,Pierre Benz
Power and Influence of Economists Book PDF

Author : Jens Maesse,Stephan Pühringer,Thierry Rossier,Pierre Benz
Publisher : Routledge
Page : 286 pages
File Size : 54,7 Mb
Release : 2021-05-23
Category : Business & Economics
ISBN : 9781000222234

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Power and Influence of Economists by Jens Maesse,Stephan Pühringer,Thierry Rossier,Pierre Benz Pdf

Economists occupy leading positions in many different sectors including central and private banks, multinational corporations, the state and the media, as well as serving as policy consultants on everything from health to the environment and security. Power and Influence of Economists explores the interconnected relationship between power, knowledge and influence which has led economics to be both a source and beneficiary of widespread power and influence. The contributors to this book explore the complex and diverse methods and channels that economists have used to exert and expand their influence from different disciplinary and national perspectives. Four different analytical views on the role of power and economics are taken: first, the role of economic expert discourses as power devices for the formation of influential expertise; second, the logics and modalities of governmentality that produce power/knowledge apparatuses between science and society; third, economists as involved in networks between academia, politics and the media; and forth, economics considered as a social field, including questions of legitimacy and unequal relations between economists based on the detention of various capitals. The volume includes case studies on a variety of national configurations of economics, such as the US, Germany, Italy, Switzerland, Greece, Mexico and Brazil, as well as international spaces and organisations such as the IMF. This book provides innovative research perspectives for students and scholars of heterodox economics, cultural political economy, sociology of professions, network studies, and the social studies of power, discourse and knowledge. “The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9780367817084, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.”