The Routledge Handbook Of Heterodox Economics Download Ebook PDF Epub Online

Author : Tae-Hee Jo
Lynne Chester
Publisher : Routledge
Release : 2017-07-28
Page : 550
Category : Business & Economics
ISBN 13 : 1317480287
Description :


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.


Author : Tae-Hee Jo
Lynne Chester
Publisher : Routledge
Release : 2017-07-28
Page : 550
Category : Business & Economics
ISBN 13 : 1317480295
Description :


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.


Author : Clive L. Spash
Publisher : Routledge
Release : 2017-04-07
Page : 552
Category : Business & Economics
ISBN 13 : 1317395093
Description :


Since becoming formally established with an international academic society in the late 1980s, ecological economics has advanced understanding of the interactions between social and biophysical reality. It initially combined questioning of the basis of mainstream economics with a concern for environmental degradation and limits to growth, but has now advanced well beyond critique into theoretical, analytical and policy alternatives. Social ecological economics and transformation to an alternative future now form core ideas in an interdisciplinary approach combining insights from a range of disciplines including heterodox economics, political ecology, sociology, political science, social psychology, applied philosophy, environmental ethics and a range of natural sciences. This handbook, edited by a leading figure in the field, demonstrates the dynamism of ecological economics in a wide-ranging collection of state-of-the-art essays. Containing contributions from an array of international researchers who are pushing the boundaries of the field, the Routledge Handbook of Ecological Economics showcases the diversity of the field and points the way forward. A critical analytical perspective is combined with realism about how economic systems operate and their essential connection to the natural world and society. This provides a rich understanding of how biophysical reality relates to and integrates with social reality. Chapters provide succinct overviews of the literature covering a range of subject areas including: heterodox thought on the environment; society, power and politics, markets and consumption; value and ethics; science and society; methods for evaluation and policy analysis; policy challenges; and the future post-growth society. The rich contents dispel the myth of there being no alternatives to current economic thought and the political economy it supports. The Routledge Handbook of Ecological Economics provides a guide to the literature on ecological economics in an informative and easily accessible form. It is essential reading for those interested in exploring and understanding the interactions between the social, ecological and economic and is an important resource for those interested in fields such as: human ecology, political ecology, environmental politics, human geography, environmental management, environmental evaluation, future and transition studies, environmental policy, development studies and heterodox economics.


Author : Günseli Berik
Ebru Kongar
Publisher : Routledge
Release : 2021-05-24
Page : 516
Category : Business & Economics
ISBN 13 : 0429665385
Description :


The Routledge Handbook of Feminist Economics presents a comprehensive overview of the contributions of feminist economics to the discipline of economics and beyond. Each chapter situates the topic within the history of the field, reflects upon current debates, and looks forward to identify cutting-edge research. Consistent with feminist economics’ goal of strong objectivity, this Handbook compiles contributions from different traditions in feminist economics (including but not limited to Marxian political economy, institutionalist economics, ecological economics and neoclassical economics) and from different disciplines (such as economics, philosophy and political science). The Handbook delineates the social provisioning methodology and highlights its insights for the development of feminist economics. The contributors are a diverse mix of established and rising scholars of feminist economics from around the globe who skilfully frame the current state and future direction of feminist economic scholarship. This carefully crafted volume will be an essential resource for researchers and instructors of feminist economics.


Author : Philip Mader
Daniel Mertens
Publisher : Routledge
Release : 2020-02-05
Page : 530
Category : Business & Economics
ISBN 13 : 1351390368
Description :


Financialization has become the go-to term for scholars grappling with the growth of finance. This Handbook offers the first comprehensive survey of the scholarship on financialization, connecting finance with changes in politics, technology, culture, society and the economy. It takes stock of the diverse avenues of research that comprise financialization studies and the contributions they have made to understanding the changes in contemporary societies driven by the rise of finance. The chapters chart the field’s evolution from research describing and critiquing the manifestations of financialization towards scholarship that pinpoints the driving forces, mechanisms and boundaries of financialization. Written for researchers and students not only in economics but from across the social sciences and the humanities, this book offers a decidedly global and pluri-disciplinary view on financialization for those who are looking to understand the changing face of finance and its consequences.


Author : Christian Borch
Robert Wosnitzer
Publisher : Routledge
Release : 2020-09-16
Page : 428
Category : Business & Economics
ISBN 13 : 1351627155
Description :


There has been an increasing interest in financial markets across sociology, history, anthropology, cultural studies, and related disciplines over the past decades, with particular intensity since the 2007–2008 crisis which prompted new analyses of the workings of financial markets and how “scandals of Wall Street” might have huge societal ramifications. The sociologically inclined landscape of finance studies is characterized by different more or less well- established homogeneous camps, with more micro-empirical, social studies of finance approaches on the one end of the spectrum and more theoretical, often neo-Marxist approaches, on the other. Yet alternative approaches are also gaining traction, including work that emphasizes the cultural homologies and interconnections with finance as well as work that, more broadly, is both empirically rigorous and theoretically ambitious. Importantly, across these various approaches to finance, a growing body of literature is taking shape which engages finance in a critical manner. The term “critical finance studies” nonetheless remains largely unfocused and undefined. Against this backdrop, the key rationales of The Routledge Handbook of Critical Finance Studies are firstly to provide a coherent notion of this emergent field and secondly to demonstrate its analytical usefulness across a wide range of central aspects of contemporary finance. As such, the volume will offer a comprehensive guide to students and academics on the field of Finance and Critical Finance Studies, Heterodox Economics, Accounting, and related Management disciplines.


Author : Jack Reardon
Publisher : Routledge
Release : 2009-09-10
Page : 304
Category : Business & Economics
ISBN 13 : 113527603X
Description :


This book provides a blueprint for those interested in teaching from a pluralist perspective, regardless of ideology. It provides educators, policy makers and students with helpful suggestions for implementing pluralism into pedagogy, by offering detailed suggestions and guidelines for incorporating pluralist approaches tailored to specific individual courses. The Handbook for Pluralist Economics Education specifically provides practical suggestions for professors willing to implement pluralism in the classroom and increases the pedagogical influence of pluralist economics while reducing the hegemony of monism at any level.


Author : Shunsuke Managi
Publisher : Routledge
Release : 2015-02-11
Page : 668
Category : Business & Economics
ISBN 13 : 1317597877
Description :


Problems of climate change, biodiversity and air pollution are clearly growing globally, but more particularly in Asia because of its economic importance and richness in nature. The increasing interest in environmental and resource economics applied in regions of Asia will make this book an outstanding resource to the existing literature, particularly in the fields of environmental and resource economics and the integration of applied content in traditional and agricultural development. At present there is no single handbook or text on the state of current knowledge in environmental economics in Asia or one which offers a comprehensive guide to students and academics on the subjects of environmental economics research. This book will help to fill the gap in the existing literature.


Author : Frederic S. Lee
Publisher : Routledge
Release : 2017-11-20
Page : 274
Category : Business & Economics
ISBN 13 : 1351265261
Description :


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.


Author : David M. Brennan
David Kristjanson-Gural
Publisher : Routledge
Release : 2019-08-08
Page : 436
Category :
ISBN 13 : 9780367321765
Description :


The Routledge Handbook of Marxian Economics is an invaluable resource for students, researchers, and policy makers. Featuring contributions from a wide range of leading scholars, this volume introduces contemporary research on Marxian economics through a careful consideration of both existing and new key terms and concepts.


Author : Frederic Lee
Publisher : Routledge
Release : 2009-06-02
Page : 358
Category : Business & Economics
ISBN 13 : 1135970211
Description :


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.


Author : Tae-Hee Jo
Zdravka Todorova
Publisher : Routledge
Release : 2015-07-30
Page : 358
Category : Business & Economics
ISBN 13 : 1317912462
Description :


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.


Author : Carlo D'Ippoliti
Publisher : Routledge
Release : 2020-03-31
Page : 106
Category : Business & Economics
ISBN 13 : 1000066207
Description :


More than a decade since the global financial crisis, economics does not exhibit signs of significant change. Mainstream economists act on an idealized image of science, which includes the convergence of all perspectives into a single supposed scientific truth. Democratizing the Economics Debate shows that this idealized image both provides an inadequate description of what science should be and misrepresents the recent past and current state of economics. Economics has always been characterized by a plurality of competing perspectives and research paradigms, however, there is evidence of a worrying global involution in the last 40 years. Even as the production of economics publications has exploded, the economics debate is becoming less plural and increasingly hierarchical. Among several causes, the tendency to conformism has been exacerbated in recent years with the use of formal schemes of research quality evaluation. This book documents how such schemes now cover more than half of all economists worldwide and reviews the impact of biased methods of research evaluation on the stunting of levels of pluralism in economics. The book will be of interest to anyone who worries for the state of the democratic debate. As experts who intervene in the public debate, economists must assure society that they are working in the best possible way, which includes fostering a wide and fair scientific debate. It is this test of social legitimacy that economics currently fails.


Author : Arturo Hermann
Simon Mouatt
Publisher : Routledge
Release : 2020-10-07
Page : 310
Category : Business & Economics
ISBN 13 : 1000199495
Description :


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.


Author : Peter J. Boettke
Christopher J. Coyne
Publisher : Oxford University Press
Release : 2015-09-01
Page : 656
Category : Business & Economics
ISBN 13 : 0199811830
Description :


The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser. For Menger, the economic calculus was about scarce means being deployed to pursue an individual's highest valued ends. The act of choice is guided by subjective assessments of the individual, and is open ended as the individual is constantly discovering what ends to pursue, and learning the most effective way to use the means available to satisfy those ends. This school of economic thinking spread outside of Austria to the rest of Europe and the United States in the early-20th century and continued to develop and gain followers, establishing itself as a major stream of heterodox economics. The Oxford Handbook of Austrian Economics provides an overview of this school and its theories. The various contributions discussed in this book all reflect a tension between the Austrian School's orthodox argumentative structure (rational choice and invisible hand) and its addressing of a heterodox problem situations (uncertainty, differential knowledge, ceaseless change). The Austrian economists from the founders to today seek to derive the invisible hand theorem from the rational choice postulate via institutional analysis in a persistent and consistent manner. Scholars and students working in the field of History of Economic Thought, those following heterodox approaches, and those both familiar with the Austrian School or looking to learn more will find much to learn in this comprehensive volume.


Author : Manuel Scholz-Wäckerle
Publisher : Routledge
Release : 2013-08-15
Page : 368
Category : Business & Economics
ISBN 13 : 1136008721
Description :


Generic institutionalism offers a new perspective on institutional economic change within an evolutionary framework. The institutional landscape shapes the social fabric and economic organization in manifold ways. The book elaborates on the ubiquity of such institutional forms with regards to their emergence, durability and exit in social agency-structure relations. Thereby institutions are considered as social learning environments changing the knowledge base of the economy along generic rule-sets in non-nomological ways from within. Specific attention is given to a theoretical structuring of the topic in ontology, heuristics and methodology. Part I introduces a generic naturalistic ontology by comparing prevalent ontological claims in evolutionary economics and preparing them for a broader pluralist and interdisciplinary discourse. Part II reconsiders these ontological claims and confronts it with prevalent heuristics, conceptualizations and projections of institutional change. In this respect the book revisits the institutional economic thought of Thorstein Veblen, Friedrich August von Hayek, Joseph Alois Schumpeter and Pierre Bourdieu. A synthesis is suggested in an application of the generic rule-based approach. Part III discusses the implementation of rule-based bottom-up models of institutional change and provides a basic prototype agent-based computational simulation. The evolution of power relations plays an important role in the programming of real-life communication networks. This notion characterizes the discussed policy realms (Part IV) of ecological and financial sustainability as tremendously complex areas of institutional change in political economy, leading to the concluding topic of democracy in practice. The novelty of this approach is given by its modular theoretical structure. It turns out that institutional change is carried substantially by affective social orders in contrast to rational orders as communicated in orthodox economic realms. The characteristics of affective orders are derived theoretically from intersections between ontology and heuristics, where interdependencies between instinct, cognition, rationality, reason, social practice, habit, routine or disposition are essential for the embodiment of knowledge. This kind of research indicates new generic directions to study social learning in particular and institutional evolution in general.


Author : Kirsten Madden
Robert W Dimand
Publisher : Routledge
Release : 2018-10-03
Page : 466
Category : Business & Economics
ISBN 13 : 1317528360
Description :


The marginalization of women in economics has a history as long as the discipline itself. Throughout the history of economics, women contributed substantial novel ideas, methods of inquiry, and analytical insights, with much of this discounted, ignored, or shifted into alternative disciplines and writing outlets. This handbook presents new and much-needed analytical research of women’s contributions in the history of economic thought, focusing primarily on the period from the 1770s into the beginning of the 21st century. Chapters address the institutional, sociological and historical factors that have influenced women economists’ thinking, and explore women’s contributions to economic analysis, method, policies and debates. Coverage is international, moving beyond Europe and the US into the Arab world, China, India, Japan, Latin America, Russia and the Soviet Union, and sub-Saharan Africa. This new global perspective adds depth as well as scope to our understanding of women’s contribution to the history of economic thought. The book offers crucial new insights into previously underexplored work by women in the history of economic thought, and will prove to be a seminal volume with relevance beyond that field, into women’s studies, sociology, and history.


Author : Edward Fullbrook
Publisher : Routledge
Release : 2008-10-27
Page : 384
Category : Business & Economics
ISBN 13 : 1134024185
Description :


Tony Lawson has become a major figure of intellectual controversy on the back of juxtaposing two relatively simple and seemingly innocuous ideas. He has argued firstly that success in science depends on finding and using methods, including modes of reasoning, appropriate to the nature of the phenomena being studied, and also that there are important differences between the nature of the objects of study of natural sciences and those of social science. This original book brings together some of the world's leading critics of economics orthodoxy to debate Lawson's contribution to the economics literature. The debate centres on ontology, which means enquiry into the nature of what exists, and in this collection scholars such as Bruce Caldwell, John B. Davis and Geoffrey M. Hodgson present their thoughtful criticisms of Lawson's work. Lawson himself presents his reactions to these criticisms, with full chapter replies to each of the scholars included. This book is particularly useful for students and researchers concerned primarily with methodology and future development of economics. It is also relevant to the concerns of philosophers of science and to all social scientists interested in methodological issues.


Author : Phil Armstrong
Publisher : Edward Elgar Publishing
Release : 2020-11-27
Page : 448
Category :
ISBN 13 : 9781800370883
Description :


In a series of in-depth interviews with leading economists and policymakers from different schools including Austrian, Monetarist, New-Keynesian, Post-Keynesian, Modern Monetary Theory, Marxist, Sraffian 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. Exploring why the aftermath of the 2008 global financial crisis did not pave the way for an uptake in heterodox economic approaches, these key thinkers consider why mainstream economics still reigns supreme and explore whether an alternative approach can be developed to rival it. The most important issues facing the discipline are addressed, and the book offers a particular focus upon the extent to which radical economists can work together to provide a genuine alternative to orthodoxy. The analytical responses to important questions posed to each interviewee make this a critical read for practising economists both inside and outside of academia. It will also be a thought-provoking book for economics students focusing both on orthodox and heterodox viewpoints, as it offers important insights to the nuances between a vast range of different schools of thought.


Author : Carlo D'Ippoliti
Publisher : Routledge
Release : 2021-09
Page : 106
Category :
ISBN 13 : 9780367492311
Description :


Mainstream economists act on an idealized image of science, which includes the convergence of perspectives into a single supposed scientific truth. This book shows that this idealized image both provides an inadequate description of what science should be and misrepresents the recent past and current state of economics.