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; Régulation theory; the Social Structure of Accumulation approach; and ecological economics. They explain the structural properties and dynamics of capitalism, as well as propose economic and social policies for the benefit of the majority of the population. This book aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy in a constructive and forward-looking manner. Secondly, it delineates the future directions, as well as the current state, of heterodox economics, and then provides both 'heat and light on controversial issues, drawing out the commonalities and differences among different heterodox economic approaches. The volume also envisions transformative economic and social policies for the majority of the population and explains why economics is, and should be treated as, a social science.
This Handbook will be of compelling interest to those, including students, who wish to learn about alternative economic theories and policies that are rarely found in conventional economics textbooks or discussed in the mainstream media, and to critical economists and other social scientists who are concerned with analyzing pressing socio-economic issues.
Part I: Introduction
1.The State of the Art and Challenges for Heterodox Economics
Tae-Hee Jo, Lynne Chester, and Carlo DIppoliti
Part II: The Theoretical Cores of Heterodox Economics
2.Social Provisioning Process: A Heterodox View of the Economy
Tae-Hee Jo and Zdravka Todorova
3.The Social Surplus Approach: Historical Origins and Present State
Nuno Ornelas Martins
4.Accumulation Regimes
Agnès Labrousse and Sandrine Michel
5.Monetary Theories of Production
Marco Veronese Passarella
6.The Principle of Effective Demand: Marx, Keynes, Kalecki and Beyond
Eckhard Hein
7.A Brief History of Heterodox Theories of Value
Ajit Sinha
8.Theories of Prices and Alternative Economic Paradigms
Carlo DIppoliti
9.Heterodox Theories of Distribution
Scott Carter
10.The Micro-Macro Link in Heterodox Economics
Claudius Gräbner and Jakob Kapeller
Part III: The Anatomy of Capitalism
11.Society and Its Institutions
John F. Henry
12.Heterodox Economics and Theories of Interactive Agency
Mary V. Wrenn
13.Households in Heterodox Economic Theory
Zdravka Todorova
14.A Heterodox Theory of the Business Enterprise
Tae-Hee Jo
15.Heterodox Theories of Business Competition and Market Governance
Tuna Baskoy
16.A Marxian Understanding of the nature and Form of Dominant Capitalist Legal Institutions
Lorraine Talbot
17.Money and Monetary Regimes
Pavlina R. Tcherneva
18.Banks in Developing Countries
Radha Upadhyaya
19.Shadow Banking
Benjamin Wilhelm
20.The Informal Economy in Theory and Policy: Prospects for Well-being
Elizabeth Hill
21.Inequality and Poverty
Marcella Corsi and Giulio Guarini
Part IV: The Dynamics of the Capitalist Socio-Economic Structure
22.The Accumulation of Capital: An Analytical and Historical Overview
Ramaa Vasudevan
23.A Heterodox Reconstruction of Trade Theory
Yan Liang
24.Analyzing the Organization of Global Production: Thoughts from the Periphery
Víctor Ramiro Fernández and Gabriel Brondino
25.Labor Processes and Outcomes: An Institutional-Heterodox Framework
Siobhan Austen
26.Heterodox Theories of the Business Cycle
Matías Vernengo
27.Heterodox Theories of Economic Growth
Özgür Orhangazi
28.Financialization and the Crises of Capitalism
Petra Du¨nhaupt
29.Theories of International Development: The Post Keynesian and Marxian Alternatives
John Marangos
30.Energy, Environment, and the Economy
Anders Ekeland and Bent Arne Sæther
Part V: Transforming the Capitalist Social Provisioning Process
31.An Exit Strategy from Capitalisms Ecological Crisis
Lynne Chester
32.Restructuring Financial Systems with Human Advancement in Mind
Wesley C. Marshall
33.Rethinking the Role of the State
Anna Klimina
34.The Twenty-First Century Capitalist Revolution: How the Governance of Large Firms Shapes Prosperity and Inequality
Jordan Brennan
35.Achieving Full Employment: History, Theory, and Policy
John Marsh, Timothy Sharpe, and Bruce Philp
36.Social Welfare and Social Control
Andrew Cumbers and Robert McMaster
Part VI: Conclusion
37.Heterodox Economics as a Living Body of Knowledge: Community, (In)Commensurability, Critical Engagement, and Pluralism
Jamie Morgan and John Embery
