In this essay, the author takes a critical perspective on the pursuit of growth as the solution for providing for environmental sustainability and economic stability in the countries of Central and Eastern Europe. Drawing from the framework of dependency theory and presenting brief insights into European core-periphery relations the author then argues for the implementation of an alternative strategy to development that is built around the concept of self-reliance. 2018 Level: advanced Dependency in Central and Eastern Europe - Self-reliance and the need to move beyond economic growth Simon Schoening Exploring Economics Institutional economics focuses on the role of social institutions in terms of laws or contracts, but also those of social norms and patterns of human behaviour that are connected to the social organisation of production, distribution and consumption in the economy. Institutionalist Economics     Wealth inequality between Black and white people in the US barely has changed in the last 150 years. In her book "The Color of Money. Black Banks and the Racial Wealth Gap" Mehrsa Baradaran, analyzes why also Black banks have not successfully changed this and not enabled Black wealth on a broader scale. 2017 Level: advanced The Color of Money Mehrsa Baradaran Harvard University Press Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2020 Level: beginner Yes, Money is Endogenous. Who Cares? Cahal Moran Rethinking Economics The general idea of a Job Guarantee (JG) is that the government offers employment to everybody ready, willing and able to work for a living wage in the last instance as an Employer of Last Resort. The concept tackles societal needs that are not satisfied by market forces and the systemic characteristic of unemployment in capitalist societies. Being a central part of the Modern Monetary Theory (MMT), attention for the JG concept rose in recent years. 2020 Level: beginner The Job Guarantee Jannik Landwehr Exploring Economics A systematic comparison of the three major economic theories, showing how they differ and why these differences matter in shaping economic theory and practice.

Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. 2012 Level: advanced Contending Economic Theories Richard D. Wolff, Stephen A. Resnick MIT Press This is an overview of (possibly transformative) proposals to address the economic consequences of the corona crisis 2020 Level: beginner Overview of proposals to combat the economic consequences of the Corona crisis Hannes Böhm, Anne Löscher & Jorim Gerrard Exploring Economics This book introduces 40 critical pointers for those who wish to see the theory in a broader, more realistic context. The material is suitable for introductory and intermediate courses and can be included selectively by students for additional reading or in lectures or tutorials as discussion points. "Students of mainstream economics need a guide like this to help them understand the underlying assumptions, limitations and inbuilt biases of what they are studying. It helps them open their eyes to a broader view of how real economies work." 2016 Level: advanced 40 Critical Pointers for Students of Economics Stuart Birks College Publications From the two premises that (1) economies are complex systems and (2) the accumulation of knowledge about reality is desirable, I derive the conclusion that pluralism with regard to economic research programs is a more viable position to hold than monism. To substantiate this claim an epistemological framework of how scholars study their objects of inquiry and relate their models to reality is discussed. Furthermore, it is argued that given the current institutions of our scientific system, economics self-organizes towards a state of scientific unity. Since such a state is epistemologically inferior to a state of plurality, critical intervention is desirable. 2017 Level: advanced The Complexity of Economies and Pluralism in Economics Claudius Gräbner Johannes Kepler University Linz (ICAE) and University of Duisburg-Essen (IfSO), Journal of Contextual Economics Economists like to base their theories on individual decision making. Individuals, the idea goes, have their own interests and preferences, and if we don’t include these in our theory we can’t be sure how people will react to changes in their economic circumstances and policy. While there may be social influences, in an important sense the buck stops with individuals. Understanding how individuals process information to come to decisions about their health, wealth and happiness is crucial. You can count me as someone who thinks that on the whole, this is quite a sensible view. 2020 Level: beginner Decision by Sampling, or ‘Psychologists Reclaim Their Turf’ Cahal Moran Rethinking Economics In this course you'll learn about the tools used by scientists to understand complex systems. The topics you'll learn about include dynamics, chaos, fractals, information theory, self-organization, agent-based modeling, and networks. Level: advanced Introduction to Complexity Melanie Mitchel, Santiago Guisasola Santa Fe Institute Beyond Neoclassical Economics is a remarkable new introduction to the main heterodox schools of economic thought which examines their main concepts and their critiques of mainstream theory. 1996 Level: beginner Beyond Neoclassical Economics Fred E. Foldvary Edward Elgar Economic theory is currently at a crossroads, where many leading mainstream economists are calling for a more realistic and practical orientation for economic science. Indeed, many are suggesting that economics should be reconstructed on evolutionary lines.
This book is about the application to economics of evolutionary ideas from biology. 1996 Level: advanced Economics and Evolution Geoffrey Martin Hodgson University of Michigan Press In a capitalist system, consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How actors assess uncertainty is a problem that economists have tried to solve through general equilibrium and rational expectations theory. Powerful as these analytical tools are, they underestimate the future's unknowability by assuming that markets, in the aggregate, correctly forecast what is to come. 2016 Level: advanced Imagined Futures Jens Beckert Harvard University Press The volume, released by YSI’s Economic Development Working Group, comprises interviews with 13 scholars from around the world who express a variety of viewpoints on the meaning and relevance of dependency theory in today’s context. 2017 Level: advanced Dialogues on Development Ushehwedu Kufakurinani, Ingrid Harvold Kvangraven, Frutuoso Santanta, Maria Dyveke Styve (ed.) Young Scholar Initiative This edited volume presents a collection of articles that engage with various concepts from Marx’s Capital and Marxian theory in general, from a ‘Southern’ perspective. The book engages with four specific themes: “Reception of Capital in the East; Value, Commodity, Surplus Value and Capitalism; Population and Rent in Capital; and Issues Beyond Capital”. 2019 Level: beginner ‘Capital’ in the East Achin Chakraborty, Anjan Chakrabarti, Byasdeb Dasgupta, Samita Sen Springer Nature This module examines current socio-political issues through the lens of pluralism, that is pluralism of theory, pluralism of method and interdisciplinary pluralism 2020 Level: beginner Pluralist Economic Analysis Sophia Kuehnlenz Manchester Metropolitan University Anwar Shaikh explores alternative economic explanations, emphasizing 'real competition' theory and the role of imperfections in economic patterns. 2017 Level: advanced Capitalism: Competition, Conflict, Crisis Anwar Shaikh The New School for Social Research Feminist economics critically analyzes both economic theory and economic life through the lens of gender, and advocates various forms of feminist economic transformation. In this course, we will explore this exciting and self-consciously political and transformative field. 2015 Level: beginner Feminist Economics Professor Julie Matthaei (Wellesley College) Wellesley College 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. 2019 Level: advanced The Routledge Handbook of Heterodox Economics Tae-Hee Jo, Lynne Chester, Carlo D'Ippoliti Taylor & Francis Limited p>Twenty-first-century economists will have to understand and improve a post-Cold War world in which no single economic theory or system holds the key to human betterment. Heterodox economists have much to contribute to this effort, as a wave of pluralism spawns new lines of research and new dialogues among non-mainstream economists. 2008 Level: advanced Future Directions for Heterodox Economics John T. Harvey, Robert F. Garnett, Robert F. Garnett, Jr. University of Michigan Press In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of uncertainty and shows that uncertainty was originally conceptualized both as an epistemic and an ontological problem. 2017 Level: advanced Uncertainty in Economics Julia Köhn Springer International Publishing 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 Roger Koppl Emerald Group Publishing This book tells the story of the search for disequilibrium micro-foundations for macroeconomic theory, from the disequilibrium theories of Patinkin, Clower and Leijonhufvud to recent dynamic stochastic general equilibrium models with imperfect competition. 2014 Level: expert Transforming Modern Macroeconomics Backhouse, Roger; Boianovsky, Mauro Cambridge University Press The book’s central theme is to develop a new theory of speculative capital related to other forms of capital, the world market, and the state. Unlike most marxist and heterodox theories, the book distinguishes credit and fictitious capital from speculative capital to show its hegemony today in the capital markets. 2022 Level: advanced Financial Capital in the 21st Century Achim Szepanski Springer Nature This course teaches basic concepts relevant in political economy. Topics include the contractual nature of the state, public versus private goods, property rights and economic externalities, the logic of collective action and social choice theory. It also refers to the fundamentals of political philosophy, bringing two ideas of liberty into the picture. The relevance and limitations of the economic approach to the study of law and politics are then discussed. Level: advanced State, Law and the Economy Prof. Y.C. Richard Wong n.a. In economics the dominant framework for exploring the structure of market economies is provided by the neoclassical school of thought. This text aims to show how neoclassical theory is used to model market mechanisms, both in particular markets and in the market economy as a whole. 2001 Level: advanced Microeconomics - Neoclassical and Institutionalist Perspectives on Economic Behaviour Himmelweit, Susan; Simonetti, Roberto; Trigg, Andrew B. Cengage Learning More Heat Than Light is a history of how physics has drawn some inspiration from economics and also how economics has sought to emulate physics, especially with regard to the theory of value. It traces the development of the energy concept in Western physics and its subsequent effect upon the invention and promulgation of neoclassical economics. 1991 Level: advanced More Heat Than Light Philip Mirowski Cambridge University Press This book gives a very clear overview of the history of Macroeconomics and how it has evolved. It reflects on the different perspectives and debates that have defined the field, with valuable insight into the history and theory of economic policy. 2005 Level: advanced Modern Macroeconomics Brian Snowdon and Howard Vane E. Elgar 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? Morgan, Jamie Routledge This brief but comprehensive account of the Post Keynesian approach to economic theory and policy is ideal for advanced undergraduate and postgraduate students in economics, public policy and other social sciences. Clear, non-technical and with a strong policy focus, it will also appeal to all of those who are dissatisfied with mainstream economics and wish to explore the alternatives. 2015 Level: advanced Advanced Introduction to Post Keynesian Economics John Edward King Edward Elgar Publishing Behavioural economics deals with observing behaviour and economic decision making behaviour. Behavioral Economics