What Is Heterodox Economics

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What is Heterodox Economics?

Andrew Mearman,Sebastian Berger,Danielle Guizzo
What is Heterodox Economics Book PDF

Author : Andrew Mearman,Sebastian Berger,Danielle Guizzo
Publisher : Routledge
Page : 677 pages
File Size : 41,7 Mb
Release : 2019-04-17
Category : Business & Economics
ISBN : 9781351744003

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What is Heterodox Economics? by Andrew Mearman,Sebastian Berger,Danielle Guizzo Pdf

Since the Global Financial Crisis, economics has been under greater public scrutiny, revealing a crisis in the discipline. This represented a potential turning point on how economics should be thought and taught. Heterodox economics has played a prominent role in these discussions revolving around new economics thinking and pluralism in economics. Yet, its identity, aspirations, and pedagogy remain underexplored, contested, and somewhat opaque. This volume brings together sixteen interviews with leading economists to understand what heterodox economics is. How and why does an economist become heterodox? In which way do heterodox economists see themselves as ‘different’ from mainstream economics? The interviews shed light on what problems heterodox economists perceive in the mainstream; elucidate the different contexts under which they operate in higher education; and provide insights on their ontology and methodology. The reader will also find answers to the following questions about the nature and state of heterodox economics: Do heterodox economists have particular intellectual journeys, motives and aspirations? Is this reflected in their teaching practices and strategies to achieve social change? What is the relation between heterodox economics and the humanities and arts? Appealing to a diverse audience, including philosophers, sociologists and historians of economic thought, the book will be of great interest to anyone keen to find out more about the internal discussions in the economics discipline.

Philosophy of Economics

Oliver Schlaudt
Philosophy of Economics Book PDF

Author : Oliver Schlaudt
Publisher : Routledge
Page : 184 pages
File Size : 45,8 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.

A History of Heterodox Economics

Frederic S. Lee
A History of Heterodox Economics Book PDF

Author : Frederic S. Lee
Publisher : Unknown
Page : 354 pages
File Size : 45,7 Mb
Release : 2009
Category : Business & Economics
ISBN : 9780415777148

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A History of Heterodox Economics by Frederic S. Lee Pdf

Considers "Post-Keynesian-Srafian, Marxist-radical, Institutional-evolutionary, social, feminist, Austrian, and ecological economics" and its institutional history.

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 : 45,5 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.

Can Heterodox Economics Make a Difference?

Phil Armstrong
Can Heterodox Economics Make a Difference Book PDF

Author : Phil Armstrong
Publisher : Edward Elgar Publishing
Page : 528 pages
File Size : 46,8 Mb
Release : 2020-11-27
Category : Business & Economics
ISBN : 9781800370890

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Can Heterodox Economics Make a Difference? by Phil Armstrong Pdf

In a series of in-depth interviews with leading economists and policy-makers from different schools including Austrian, Monetarist, New-Keynesian, Post-Keynesian, Modern Monetary Theory, Marxist and Institutionalist, this intriguing book sheds light upon the behaviour of economists and the sociology of the economics profession by enabling economists to express their views on a wide range of issues.

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 : 43,6 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 : 46,5 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.

What is Heterodox Economics?

Andrew Mearman,Sebastian Berger,Danielle Guizzo
What is Heterodox Economics Book PDF

Author : Andrew Mearman,Sebastian Berger,Danielle Guizzo
Publisher : Routledge
Page : 314 pages
File Size : 52,9 Mb
Release : 2019-04-17
Category : Business & Economics
ISBN : 9781351744010

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What is Heterodox Economics? by Andrew Mearman,Sebastian Berger,Danielle Guizzo Pdf

Since the Global Financial Crisis, economics has been under greater public scrutiny, revealing a crisis in the discipline. This represented a potential turning point on how economics should be thought and taught. Heterodox economics has played a prominent role in these discussions revolving around new economics thinking and pluralism in economics. Yet, its identity, aspirations, and pedagogy remain underexplored, contested, and somewhat opaque. This volume brings together sixteen interviews with leading economists to understand what heterodox economics is. How and why does an economist become heterodox? In which way do heterodox economists see themselves as ‘different’ from mainstream economics? The interviews shed light on what problems heterodox economists perceive in the mainstream; elucidate the different contexts under which they operate in higher education; and provide insights on their ontology and methodology. The reader will also find answers to the following questions about the nature and state of heterodox economics: Do heterodox economists have particular intellectual journeys, motives and aspirations? Is this reflected in their teaching practices and strategies to achieve social change? What is the relation between heterodox economics and the humanities and arts? Appealing to a diverse audience, including philosophers, sociologists and historians of economic thought, the book will be of great interest to anyone keen to find out more about the internal discussions in the economics discipline.

Microeconomic Theory

Frederic S. Lee
Microeconomic Theory Book PDF

Author : Frederic S. Lee
Publisher : Routledge
Page : 442 pages
File Size : 44,8 Mb
Release : 2017-11-20
Category : Business & Economics
ISBN : 9781351265263

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Microeconomic Theory by Frederic S. Lee Pdf

Microeconomic Theory: A Heterodox Approach develops a heterodox economic theory that explains the economy as the social provisioning process at the micro level. Heterodox microeconomics explores the economy with a focus on its constituent parts and their reproduction and recurrence, their integration qua interdependency by non-market and market arrangements and institutions, and how the system works as a whole. This book deals with three theoretical concerns. Due to the significance of the price mechanism to mainstream economics, a theoretical concern of the book is the business enterprise, markets, demand, and pricing. Also, since heterodox economists see private investment, consumption and government expenditures as the principal directors and drivers of economic activity, a second theoretical concern is business decision-making processes regarding investment and production, government expenditure decisions, the financing of investment, the profit mark-up and the wage rate, and taxes. Finally, the third theoretical concern of the book is the delineation of a non-equilibrium disaggregated price-output model of the social provisioning process. This book explores the integration of these various theories with a theoretical model of the economy and how this forms a theory that can be identified as heterodox microeconomics. It will be of interest to both postgraduates and researchers.

Is There a Future for Heterodox Economics?

Geoffrey M. Hodgson
Is There a Future for Heterodox Economics Book PDF

Author : Geoffrey M. Hodgson
Publisher : Edward Elgar Publishing
Page : 353 pages
File Size : 47,7 Mb
Release : 2019
Category : Business & Economics
ISBN : 9781789901597

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Is There a Future for Heterodox Economics? by Geoffrey M. Hodgson Pdf

Over the last 50 years, the community of heterodox economists has expanded, and its publications have proliferated. But its power in departments of economics has waned. Addressing this paradox, this book argues that heterodox economists are defined more by left ideology than by a shared understanding of the nature of orthodox economics and of what should replace it. Heterodox economists cannot agree on what heterodoxy means. This volume applies work on the social nature and institutions of science to help explain the failure of heterodox economics to gain ground. It assesses some strategic options for its future.

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 : 41,7 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.

Heterodox Challenges in Economics

Sergio Cesaratto
Heterodox Challenges in Economics Book PDF

Author : Sergio Cesaratto
Publisher : Springer
Page : 277 pages
File Size : 54,6 Mb
Release : 2020-11-13
Category : Business & Economics
ISBN : 3030544478

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Heterodox Challenges in Economics by Sergio Cesaratto Pdf

This book discloses the economic foundations of European fiscal and monetary policies by introducing readers to an array of alternative approaches in economics. It presents various heterodox theories put forward by classical economists, Marx, Sraffa and Keynes, as a coherent challenge to neo-classical theory. The book underscores and critically assesses the analytical inconsistencies of European economic policy and the conservative nature of the current European governance. In this light, it examines the political obstacles to proposals to reform the European monetary union, as well as those originating in the neo-mercantilist German model. Given its scope and format, the book offers a valuable asset for researchers and members of the general public alike.

A History of Heterodox Economics

Frederic Lee
A History of Heterodox Economics Book PDF

Author : Frederic Lee
Publisher : Routledge
Page : 504 pages
File Size : 45,9 Mb
Release : 2009-06-02
Category : Business & Economics
ISBN : 9781135970215

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A History of Heterodox Economics by Frederic Lee Pdf

Economics is a contested academic discipline between neoclassical economics and a collection of alternative approaches, such as Marxism-radical economics, Institutional economics, Post Keynesian economics, and others, that can collectively be called heterodox economics. Because of the dominance of neoclassical economics, the existence of the alternative approaches is generally not known. This book is concerned with the community history of heterodox economics, seen primarily through the eyes of Marxian-radical economics and Post Keynesian economics. Throughout the 20th century neoclassical economists in conjunction with state and university power have attacked heterodox economists and tried to cleanse them from the academy. Professor Lee, his groundbreaking new title discusses issues including the contested landscape of American economics in the 1970s, the emergence and establishment of Post Keynesian economics in the US and the development of heterodox economics in Britain from 1970 to 1996.

Future Directions for Heterodox Economics

John T. Harvey,Robert F. Garnett
Future Directions for Heterodox Economics Book PDF

Author : John T. Harvey,Robert F. Garnett
Publisher : University of Michigan Press
Page : 348 pages
File Size : 43,7 Mb
Release : 2008
Category : Business & Economics
ISBN : 047203247X

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Future Directions for Heterodox Economics by John T. Harvey,Robert F. Garnett Pdf

A comprehensive survey of the current state--and future direction--of heterodox economic thought

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 : 44,8 Mb
Release : 2015-07-30
Category : Business & Economics
ISBN : 9781317631446

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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.