Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action

Heterodox economics provides a more complete and robust explanation of economic realities than orthodox economics, allowing it to illuminate appropriate policy for major crises and offer a more pluralist approach to economic theory. The chapters in this book address key issues facing the global economy, including income/wealth disparity, environmental degradation, employment, and financial crises, and explore potential policy responses such as modern monetary theory, public ownership, and the need to move beyond standard concepts of growth.

Format: Hardback
Length: 310 pages
Publication date: 08 October 2020
Publisher: Taylor & Francis Ltd

Heterodox economics, as a field of study, offers a more comprehensive and nuanced understanding of economic realities than its mainstream counterpart. In the book Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action, the authors argue that this enhanced explanatory capacity grants heterodox economics the ability to provide insightful policy recommendations for the most pressing crises of our time. Moreover, it serves as a foundation for a more pluralistic and holistic approach to economic theory.

The chapters in this comprehensive volume delve into various critical aspects of the global economy, such as the growing income and wealth inequality between individuals and regions, the detrimental effects of environmental degradation, challenges related to employment, and the recurrence of economic and financial crises. The authors explore potential policy responses, including modern monetary theory, models of public ownership, and the need to transcend conventional notions of growth. They also critically examine the limitations of orthodox economics and advocate for a more pluralistic perspective in the public sphere, academia, and classrooms to address the challenges of the twenty-first century.

This book is an essential resource for students and scholars across the social sciences who seek alternative perspectives to mainstream economic thinking. It provides a wealth of insights and ideas that challenge conventional wisdom and encourage a deeper exploration of economic phenomena. By challenging the status quo, heterodox economics contributes to a more informed and progressive understanding of economic policy and development.

Weight: 650g
Dimension: 162 x 240 x 25 (mm)
ISBN-13: 9780367365042