Heterodox Economics and Global Emergencies: Voices from Around the World

This book explores the causes and impacts of global emergencies from a variety of heterodox and radical perspectives,including those from India, Africa, and South America. It argues that recent crises have had unequal impacts and require a heterodox approach to economics for their understanding. The first section outlines how the pandemic has shown up the biases of orthodox thought and policy, particularly its Eurocentric and patriarchal focus on the urban, formal economy. The second section considers a range of alternative approaches to the study of finance, from Marx to Minsky, and concludes with a suggestion for heterodox economics pedagogy.

Format: Hardback
Length: 160 pages
Publication date: 05 December 2023
Publisher: Taylor & Francis Ltd

The recent financial crisis, climate emergency, and COVID-19 pandemic have had profound and unequal impacts on societies worldwide. These crises require a heterodox approach to economics to understand their complexities and devise effective solutions. This book aims to explore the causes and consequences of these global emergencies from diverse perspectives, drawing on heterodox and radical ideas from around the world.

The first section of the book highlights the biases of orthodox thought and policy, particularly in its Eurocentric and patriarchal focus on the urban, formal economy. It argues that by adding an international dimension to institutional analysis, we can uncover systematic inequalities in the responses to emergencies. The book suggests that new paradigms are needed to provide better alternatives to the current approaches.

The second section of the book examines a range of alternative approaches to the study of finance, including Marxian and Minskyian theories. It explores how these approaches can provide insights into the workings of the global financial system and offer alternative perspectives on economic growth and stability.

The collection concludes with a suggestion for heterodox economics pedagogy, emphasizing the importance of changing economics education to disseminate real-world ideas and promote a more inclusive and sustainable economic system. The book will be of interest to researchers, postgraduate students, lecturers, and practitioners in various fields, including development, health, labor, feminist economics, international political economy, and heterodox economics.

In conclusion, this book provides a valuable contribution to the understanding of global emergencies and the need for heterodox economic approaches. By bringing together diverse perspectives and ideas, it offers a roadmap for building a more resilient and equitable world.

Weight: 471g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032582818