The 2007–2008 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory, this book contributes to the rebuilding of the discipline.

This volume brings together contributions from different perspectives and theoretical approaches that address the challenge of updating the economic theory corpus and seek to recover prestige for this discipline after the failure of neoclassical economics. It addresses a range of topics, including the complexity approach to economics, category theory, the Post-Keynesian approach to micro and macroeconomics, financialisation, multidimensional analysis and ecological economics.

The book is aimed at economics scholars, researchers, academics and practitioners, as well as upper undergraduates and graduates in this area of knowledge. It may also be of interest for people interested in methodological issues in economics and the relationship between economic theory and the real world.

chapter |8 pages


ByVictor A. Beker

chapter 1|10 pages

Complexity and economics 1

ByVictor A. Beker

chapter 2|37 pages

From complexity science to complexity economics

ByPing Chen

chapter 3|13 pages

Categorical economic theory

ByFernando Tohmé, Marcelo Auday

chapter 4|20 pages


Is there a Post Keynesian alternative?
ByJordan Melmiès

chapter 5|15 pages

Microeconomics in a complex social world 1

ByMichel S. Zouboulakis

chapter 6|52 pages

Teaching macroeconomics after the crisis 1

ByIrene van Staveren

chapter 8|22 pages

Understanding financialisation

Standing on the shoulders of Minsky
ByCharles J. Whalen

chapter 9|15 pages

Ecological economics

Redefining economics for democracy and sustainability
ByPeter Söderbaum

chapter |4 pages


ByVictor A. Beker