This Handbook provides an overview of established and cutting-edge contributions to political economic thought. Chapters by leading and emerging scholars showcase the diverse approaches and productive debates among researchers.
Separate sections of the book deal with political economy as an area of knowledge, its principal theoretical traditions, the dynamics and socio-ecological foundations of economic systems, and political economys interdisciplinary connections. Thirty-two chapters cover the full spectrum of contemporary political economy, including classical, Marxist, post-Keynesian, institutional, evolutionary, and feminist approaches, recent studies of capital as power, modern money theory, behavioural economics, social structures of accumulation, and race, gender and class. The volume concludes by reflecting on how these theories of political economy can contribute to making a better world.
Pluralist and interdisciplinary in its approach, this Handbook is a key resource for students and teachers of political economy and heterodox economics, as well as for other social scientists wanting to understand political economic processes.
PART I POLITICAL ECONOMY AS AN AREA OF KNOWLEDGE
1 Introduction to the Handbook of Alternative Theories of Political Economy 2
Frank Stilwell, David Primrose and Tim B. Thornton
2 Capitalism, climate change and freedom 16
Elke Pirgmaier
PART II IDENTIFYING FOUNDATIONAL APPROACHES TO
POLITICAL ECONOMY
3 Classical political economy and its ongoing relevance 33
Jamie Morgan
4 The Marxist tradition in political economy 51
Bill Dunn
5 Institutional political economy 66
Arturo Hermann
6 Post Keynesian economics 83
John E. King
7 Feminist political economy 96
Jennifer Cohen and Heidi Hartmann
8 Sraffian political economy 110
Nuno Ornelas Martins
PART III ANALYSING THE DYNAMICS OF ECONOMIC SYSTEMS
9 Circular and cumulative causation 126
Phillip Toner and Gavan Butler
10 Evolutionary political economy 140
Tae-Hee Jo
11 Neo-Schumpeterian economics 156
Rinaldo Evangelista
12 The regulation approach 173
Brett Heino
13 Social structures of accumulation 188
Terrence McDonough and David M. Kotz
14 Capital as power 201
Tim Di Muzio and Matt Dow
15 Foundations of modern money theory 216
L. Randall Wray
16 The Austrian school of economics 231
Peter J. Boettke, Rosolino Candela, Karras J. Lambert and Dillon Tauzin
PART IV EXPLORING THE SOCIO-ECOLOGICAL FOUNDATIONS
OF ECONOMIC SYSTEMS
17 Polanyian political economy 246
Joy Paton
18 Georgist political economy 260
Franklin Obeng-Odoom
19 Ecological economics 271
Neil Perry
20 Social economics 286
John B. Davis
21 A social property relations approach to class, gender, race 301
Andreas Bieler and Adam David Morton
22 The Systems of Provision approach 313
Robin Chang
23 The diverse economies approach 329
Jenny Cameron and J.K. Gibson-Graham
PART V EXTENDING POLITICAL ECONOMY THROUGH
INTERDISCIPLINARITY
24 Spatial political economy 344
Brett Christophers
25 Cultural political economy 355
Bob Jessop and Ngai-Ling Sum
26 Postcolonial and poststructural political economy 371
Penny Griffin
27 Behavioural economics and neuroeconomics 390
David Primrose
PART VI MAKING A DIFFERENCE
28 Pluralism in political economy 412
Tim B. Thornton
29 Economics imperialism and a transdisciplinary perspective 428
Mario Cedrini and Joselle Dagnes
30 Approaches to, and measures of, progress 443
Pratistha Joshi Rajkarnikar
31 Advancing education in political economy 458
Frank Stilwell and Tim B. Thornton
32 Progressive economics and social change movements 476
Jim Stanford
Index
