Bücher der Reihe Routledge Advances in Heterodox Economics

To celebrate the centenary of the most radical union in North America - The Industrial Workers of the World - this collection examines radical economics and the labor movement in the 20th Century.

This book explores the foundations of the current economic crisis. Offering a heterodox approach to interpretation it examines the policies implemented before and during the crisis, and the main institutions that shaped the model of advanced economies, particularly in the last two decades.

Argues that the Marginal Productivity Theory of Distribution MPTD is valid, neither as a normative theory of social justice, nor as a positive law of economics. This book suggests that economics is yet to develop a satisfactory theory of distribution that is scientific in the quantitative or mathematical sense.

Delineates Post-Keynesian microeconomic theory. This book builds the theoretical core of Post-Keynesian microeconomics that can then be used by other Post-Keynesians in their work.

This collection is inspired by the coming retirement of Professor Wolfram Elsner. It presents cutting-edge economic research relevant to economic policies and policy-making, placing a strong focus on innovative perspectives. The interested reader will find careful reconsiderations of the historical development of institutional and evolutionary theories, enlightening theoretical contributions, interdisciplinary ideas, as well as insightful applications. The collection serves to highlight the common ground and the synergies between the various approaches and thereby to contribute to an emerging coherent framework of alternative theories in economics.

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.

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.

In recent times, policy makers, scientists, academics and commentators have become increasingly nervous about the US economic downturn. This new edited volume, from a top international set of contributors, seeks to answer these questions and to offer alternative, realistic and feasible strategies and policy recommendations towards reversing this situation.

How do societies achieve a level of complexity, coordination, and social intelligence that far surpasses the capacity of individual human intelligence? This title addresses this question in the context of civil society generally, in which we cannot always rely on market prices to guide our way.

Concerns with the community history of heterodox economics, seen primarily through the eyes of Marxian-radical economics and Post Keynesian economics. This book discusses issues including the contested landscape of American economics in the 1970s, and the emergence and establishment of Post Keynesian economics in the US.

Seeks to answer the economic questions in terms of a theory that emerged with Adam Smith and is come to full fruition; the principle of circular and cumulative causation. This title explains the interplay of technology, firms, resources, culture, institutions and economic policy to understand the basic drives behind modern day economic dynamics.

Explains exchange rates based on the premise that it is financial capital flows and not international trade that represents the driving force behind currency movements. This book also presents an analysis of the scholarly traditions of John Maynard Keynes and Thorstein Veblen.

Offers a detailed understanding of the foundations of the global financial crisis. This work familiarizes the reader with the unified theory of heterodox macroeconomics and it's applications. It features essays that include theoretical, international, historical, and country perspectives on financial fragility and macroeconomic instability.

Discusses the pluralist economics state of play. This book presents a hands-on approach to actively incorporate pluralism into the classroom for economics lecturers.

To celebrate the centenary of the radical union in North America, The Industrial Workers of the World, this book examines radical economics and the labor movement in the 20th Century. It activates a marginalized analytical tradition which can focus on the origins and evolution of the difficulties confronting workers throughout the world.

Tony Lawson is a major figure of intellectual controversy on the back of juxtaposing two relatively simple and seemingly innocuous ideas. This book brings together some of the world's leading critics of economics orthodoxy to debate Lawson's contribution to the economics literature.

Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action argues that heterodox economics has 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.

Takes the orthodox view of 'informal work' and dismantles it piece by piece, presenting an analysis of the extent to which this phenomenon plays a significant role in developing countries across the world.

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.