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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.
Alternative Approaches to Economic Theory Economics, Culture and Social Theory examines how culture has been neglected in economic theorising and considers how economics could benefit by incorporating ideas from social and cultural theory. Economics, Culture and Social Theory In this volume, Katz offers a detailed summary of the foundations, evolutions and approaches of Dependency Theory in Latin America, focusing on the regional interpretations of Marxism, Developmentalism and World-Systems Theory. Dependency Theory After Fifty Years Modern Monetary Theory and Practice: An Introductory Text is an introductory textbook for university-level macroeconomics students. It is based on the principles of Modern Monetary Theory (MMT). Modern Monetary Theory and Practice: an Introductory Text What is game theory? Game theory is a way of thinking about strategic interactions between people, which makes it a crucial component of economics, political science, international relations, psychology and a variety of other disciplines that deal with the complexities of human interaction in decision making. An Introduction to Game Theory in Public Policy Western sanctions on Russia after its invasion of Ukraine quickly led the Ruble to lose more than 45 percent of its value. But these days, the Russian currency is back to its pre-war value. Cameron and Adam explain the turnaround and discuss what it means for the war. How the Russian Ruble Bounced Back Modern Monetary Theory (MMT) is a school of monetary and macroeconomic thought that focuses on the analysis of the monetary and credit system, and in particular on the question of credit creation by the state. Modern Monetary Theory After completing the module, participants should have gained a basic understanding of the economic school of thought referred to as "Modern Monetary Theory" and should be able to analyze the monetary processes at play in the economy and evaluate fiscal and monetary policy decisions from an MMT-perspective. Introduction to Modern Monetary Theory Understanding international trade is central to economics and is currently a hot political issue. It’s an area where popular perceptions of mainstream economics are low, since they have historically missed some important downsides of trade agreements, especially the hollowing out of former manufacturing hubs in the Western world. et economists have for long time had a theory of trade with an impressive amount of scientific clout behind it: the gravity trade model. A Theory of Enormous Gravity This groundbreaking collection explores the profound power of Social Reproduction Theory to deepen our understanding of everyday life under capitalism. It tackles issues such as child care, health care, education, family life and the roles of gender, race and sexuality, and shows how they are central to understanding the relationship between economic exploitation and social oppression. Including contributions by: Lise Vogel, Nancy Fraser, David McNally and Susan Ferguson. Social Reproduction Theory