The Routledge Handbook of Heterodox Economics
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The Routledge Handbook of Heterodox Economics : Theorizing, Analyzing, and Transforming Capitalism

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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; Regulation 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, first, 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.show more

Product details

  • Hardback | 568 pages
  • 174 x 246 x 38.1mm | 1,133.98g
  • Taylor & Francis Ltd
  • ROUTLEDGE
  • London, United Kingdom
  • English
  • 37 black & white illustrations, 11 black & white tables, 37 black & white line drawings
  • 1138899941
  • 9781138899940
  • 879,601

About Tae-Hee Jo

Tae-Hee Jo is Associate Professor in the Economics and Finance Department at The State University of New York-Buffalo State, USA, and a former Editor of the Heterodox Economics Newsletter (2009-13). He has been working on heterodox microeconomic theory from institutionalist, Marxian, and Post Keynesian perspectives. Lynne Chester is Associate Professor in the University of Sydney's Department of Political Economy, Australia. She is recognised as a leading Australian scholar in the empirical application of Regulation theory. Her research focuses on a range of energy issues (affordability, security, markets, price formation, the environment) and the policy responses of capitalist economies through different institutional forms. Carlo D'Ippoliti is Associate Professor of Economics at Sapienza University of Rome, Italy. He is the editor of PSL Quarterly Review and of Moneta e Credito, and his research focuses on the history of economic thought, feminist economics, and European political economy.show more

Table of contents

Part I: Introduction * The State of the Art and Challenges for Heterodox Economics Tae-Hee Jo, Lynne Chester, and Carlo D'Ippoliti Part II: The Theoretical Cores of Heterodox Economics * Social Provisioning Process: A Heterodox View of the Economy Tae-Hee Jo and Zdravka Todorova * The Social Surplus Approach: Historical Origins and Present State Nuno Ornelas Martins * Accumulation Regimes Agnes Labrousse and Sandrine Michel * Monetary Theories of Production Marco Veronese Passarella * The Principle of Effective Demand: Marx, Keynes, Kalecki and Beyond Eckhard Hein * A Brief History of Heterodox Theories of Value Ajit Sinha * Theories of Prices and Alternative Economic Paradigms Carlo D'Ippoliti * Heterodox Theories of Distribution Scott Carter * The Micro-Macro Link in Heterodox Economics Claudius Grabner and Jakob Kapeller Part III: The Anatomy of Capitalism * Society and Its Institutions John F. Henry * Heterodox Economics and Theories of Interactive Agency Mary V. Wrenn * Households in Heterodox Economic Theory Zdravka Todorova * A Heterodox Theory of the Business Enterprise Tae-Hee Jo * Heterodox Theories of Business Competition and Market Governance Tuna Baskoy * A Marxian Understanding of the nature and Form of Dominant Capitalist Legal Institutions Lorraine Talbot * Money and Monetary Regimes Pavlina R. Tcherneva * Banks in Developing Countries Radha Upadhyaya * Shadow Banking Benjamin Wilhelm * The Informal Economy in Theory and Practice: Prospects for Well-being Elizabeth Hill * Inequality and Poverty Marcella Corsi and Giulio Guarini Part IV: The Dynamics of the Capitalist Socio-Economic Structure * The Accumulation of Capital: An Analytical and Historical Overview Ramaa Vasudevan * A Heterodox Reconstruction of Trade Theory Yan Liang * Analyzing the Organization of Global Production: Thoughts from the Periphery Victor Ramiro Fernandez and Gabriel Brondino * Labor Processes and Outcomes: An Institutional-Heterodox Framework Siobhan Austen * Heterodox Theories of the Business Cycle Matias Vernengo * Heterodox Theories of Economic Growth Ozgur Orhangazi * Financialization and the Crises of Capitalism Petra Dunhaupt * Theories of International Development: The Post Keynesian and Marxian Alternatives John Marangos * Ecology, Environment, and the Economy Anders Ekeland and Bent Arne Saether Part V: Transforming the Capitalist Social Provisioning Process * An Exit Strategy from Capitalism's Ecological Crisis Lynne Chester * Restructuring Financial Systems with Human Advancement in Mind Wesley C. Marshall * Rethinking the Role of the State Anna Klimina * The Twenty-First Century Capitalist Revolution: How the Governance of Large Firms Shapes Prosperity and Inequality Jordan Brennan * Achieving Full-Employment: History, Theory, and Policy John Marsh, Timothy Sharpe, and Bruce Philp * Social Welfare and Social Control Andrew Cumbers and Robert McMaster Part VI: Conclusion * Heterodox Economics as a Living Body of Knowledge: Community, (In)Commensurability, Critical Engagement, and Pluralism Jamie Morgan and John Emberyshow more