ABSTRACT
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.
TABLE OF CONTENTS
part I|74 pages
Pluralism, ethics and economic method
chapter 2|14 pages
The past and the future
chapter 3|15 pages
Hegel, Marx and the economics of inclusion
part II|54 pages
Sustainable macroeconomy and structural policies
chapter 6|16 pages
Value within the resource-based view of the firm
part III|30 pages
Money and monetary regimes
chapter 8|19 pages
Central banking and income inequality
chapter 9|9 pages
Getting the Financial Crisis wrong
part IV|60 pages
Development issues and the role of public action
chapter 10|20 pages
Center and periphery in global value chains
part V|70 pages
Improving pluralism in economics education