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Traditionally, economists have attributed consistency and rational calculation to the action of ‘economic man’. In a powerful challenge to orthodox thinking, Geoffrey Hodgson maintains that social institutions play a central and essential role in molding preferences and guiding action: institutions are regarded as enabling action rather than merely providing constraints.
1991
Level: advanced
Economics and Institutions
This thoroughly revised and updated second edition provides a comprehensive guide to Post Keynesian methodology, theory and policy prescriptions. The Companion reflects the challenges posed by the global financial crisis that began in 2008 and by the consolidation of the New Neoclassical Synthesis in macroeconomic theory.
2012
Level: advanced
The Elgar Companion to Post Keynesian Economics
The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet none of these play a major role in standard macroeconomic models. What is needed is a theory in which these aspects are central.
2011
Level: advanced
Complex Economics
The Austrian tradition in economic thought had a profound influence on the development of post-war economics including neoclassical orthodoxy, game theory, public choice, behavioral economics, experimental economics and complexity economics.
2008
Level: advanced
Explorations in Austrian Economics
Challenging the Mainstream in the Twentieth Century Economics is a contested academic discipline between neoclassical economics and a collection of alternative approaches such as Marxism radical economics Institutional economics Post Keynesian economics and others that can collectively be called heterodox economics Because of the dominance of neoclassical economics the existence …
2011
Level: advanced
A History of Heterodox Economics
This invaluable volume brings together seminal articles with a significant behavioural content on various areas in macroeconomics.
2012
Level: advanced
Behavioural Macroeconomics
As a response to ongoing economic, social and environmental crises, many private actors have enlarged their definition of 'value' to include environmental and social elements. Such practices, however, appear incompatible with the current epistemological structure of academic financial discourse.
2016
Level: advanced
Finance Reconsidered
The economics of worker cooperatives is a branch of economic inquiry with a long and esteemed pedigree, dating at least from the work of John Stuart Mill in the mid-nineteenth century.
2013
Level: advanced
The Economics of Worker Cooperatives
Research on consumption from an environmental perspective has exploded since the late 1990s. This important new volume cuts across disciplines to present the latest research in the field. The book is divided into three parts, the first of which addresses the problems of consumption both as a concept and as an economic and social force with high environmental impact.
2004
Level: advanced
The Ecological Economics of Consumption
Contributors attempt to reconcile two major strands of thinking in economic methodology: the rhetoric of economics as advocated by Deirdre McCloskey, and the sociological approach.
1997
Level: advanced
Pluralism in Economics
This book is a collection of articles on topics and individuals within the history of heterodox economic thought, approached from a heterodox perspective. The principal topics are the nature and scope of economics as an intellectual venture.
1992
Level: advanced
Essays in the History of Heterodox Political Economy
Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself.
2018
Level: advanced
Capitalism
Economics After the Crisis is an introductory economics textbook, covering key topics in micro and macro economics. However, this book differs from other introductory economics textbooks in the perspective it takes, and it incorporates issues that are presently underserved by existing textbooks on the market. This book offers an introduction to economics that takes into account criticisms of the orthodox approach, and which acknowledges the role that this largely Western approach has played in the current global financial and economic crisis.
2014
Level: advanced
Economics After the Crisis
The Handbook on the Economics of Conflict conveys how economics can contribute to the understanding of conflict in its various dimensions embracing world wars, regional conflicts, terrorism and the role of peacekeeping in conflict prevention. The economics of conflict is a relatively new branch of the discipline of economics.
2011
Level: advanced
Handbook on the Economics of Conflict
This book demonstrates the continuing relevance of economics for understanding the world, through a restatement of the importance of plurality and heterodox ideas for teaching and research.
2017
Level: advanced
Post-Crash Economics
Rethinking Business is a volume of thought-provoking researches that sets out to challenge the paradigm of business along the areas of governance, finance, corporate social responsibility, and sustainability.
2014
Level: advanced
Rethinking Business
This book contends that post Keynesian economics has its own methodological and didactic basis, and its realistic analysis is much-needed in the current economic and financial crisis.
2013
Level: beginner
Teaching Post Keynesian Economics
Despite some diversification modern economics still attracts a great deal of criticism. This is largely due to highly unrealistic assumptions underpinning economic theory, explanatory failure, poor policy framing, and a dubious focus on prediction. Many argue that flaws continue to owe much of their shortcomings to neoclassical economics.
2015
Level: beginner
What is Neoclassical Economics?
This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards.
2016
Level: advanced
A History of Macroeconomics from Keynes to Lucas and Beyond
International Economics, 15e continues to combine rigorous economic analysis with attention to the issues of economic policy that are alive and important today in this field.
2011
Level: advanced
International Economics
Experimental economists are leaving the reservation. They are recruiting subjects in the field rather than in the classroom, using field goods rather than induced valuations, and using field context rather than abstract terminology in instructions.
2004
Level: beginner
Field Experiments in Economics
Why do we think that sovereign debt must be repaid--even after a major regime change--in order to maintain country creditworthiness? In a fascinating and highly original book, Odette Lienau argues that this conventional wisdom is overly simplistic and in some respects entirely wrong.
2014
Level: beginner
Rethinking Sovereign Debt
Planetary Mine rethinks the politics and territoriality of resource extraction, especially as the mining industry becomes reorganized in the form of logistical networks, and East Asian economies emerge as the new pivot of the capitalist world-system.
2020
Level: advanced
Planetary Mine
Latin America and Europe can both learn from their respective experiences on crisis response and the distributive and democratic implications at national and regional level Democratic and distributive aspects of crisis response monetary financial economic policies and institutional reforms are key but have not been adequately addressed in the literature …
2020
Level: advanced
Financial Crisis Management and Democracy
Technical change, defined as the manufacture and modification of tools, is generally thought to have played an important role in the evolution of intelligent life on earth, comparable to that of language. In this volume, first published in 1983, Jon Elster approaches the study of technical change from an epistemological perspective.
1983
Level: advanced
Explaining Technical Change
This book is intended as a textbook for a course in behavioural economics for advanced undergraduate and graduate students who have already learned basic economics. The book will also be useful for introducing behavioural economics to researchers. Unlike some general audience books that discuss behavioural economics, this book does not take the position of negating traditional economics completely.
2018
Level: advanced
Behavioral Economics
In this new book Smith returns to Solow s classic productivity paradox which essentially states that we can see automation everywhere like the spheres of leisure sociality and politics but not in the productivity statistics He examines why labor saving automation in the service age in the Global North has …
2020
Level: advanced
Smart Machines and Service Work
Framing borders as an instrument of capital accumulation imperial domination and labor control Walia argues that what is often described as a migrant crisis in Western nations is the outcome for the actual crisis of capitalism conquest and climate change This book shows the displacement of workers in the global …
2021
Level: advanced
Border and Rule
This open access book presents an alternative to capitalism and state socialism through the modelling of a post-market and post-state utopia based on an upscaling of the commons, feminist political economy and democratic and council-based planning approaches.
2022
Level: beginner
Make Capitalism History
This paper offers an in-depth elaboration of Steven Fazzari's journey in academia within the context of the United States of America.
2023
Level: beginner
Interview of Steven Fazzari by Eckhard Hein and Gennaro Zezza
"Ecological economics is an exciting interdisciplinary field of study that combines insights from the natural sciences, economics, philosophy and other fields to develop innovative approaches to environmental problems.
2000
Level: advanced
Ecological Economics - A Introduction
Now in its third edition, this textbook covers all of the standard topics taught in undergraduate International Economics courses. However, the book is unique in that it presents the key orthodox neoclassical models of international trade and investment, whilst supplementing them with a variety of heterodox approaches.
2012
Level: beginner
International Economics

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