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Full 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.
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
Agnès Labrousse and Sandrine Michel
Monetary Theories of Production
Marco Veronese Passarella
The Principle of Effective Demand: Marx, Kalecki, Keynes, and Beyond
Eckhard Hein
Heterodox Theories of Value: A Brief History
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 Gräbner 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 Policy: 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
Víctor Ramiro Fernández and Gabriel Brondino
Labor Processes and Outcomes: An Institutional-Heterodox Framework
Siobhan Austen
Heterodox Theories of the Business Cycle
Matías Vernengo
Heterodox Theories of Economic Growth
Özgür Orhangazi
Financialization and the Crises of Capitalism
Petra Dünhaupt
Theories of International Development: The Post Keynesian and Marxian Alternatives
John Marangos
Energy, Environment, and the Economy
Anders Ekeland and Bent Arne Sæther
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 Embery
