Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action: 42 (Routledge Advances in Heterodox Economics) - Hardcover

Hardcover

ISBN 10: 0367365049 ISBN 13: 9780367365042

Publisher: Routledge, 2020

Synopsis

Heterodox economics can provide a more complete and robust explanation of economic realities than orthodox (or mainstream) economics. Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action argues that this greater explanatory power gives heterodox economics the ability to illuminate appropriate policy for the major crises of our time, as well as proffer the basis for a more rounded, pluralist approach to economic theory.

The chapters in this wide-ranging volume address some of the key issues facing the global economy, including the growing disparity of income/wealth between persons and economic areas, environmental degradation, issues associated with employment, and the regularity of economic/financial crises. The authors examine potential policy responses such as modern monetary theory, models of public ownership, and the need to move beyond standard concepts of growth. They also explore the deficiencies of orthodox economics, and contend that a more pluralist approach to economics is required in the public sphere, in academia, and in the classroom in order to help face the challenges of the twenty-first century.

This book is invaluable reading for students and scholars across the social sciences who are interested in alternatives to mainstream economic thinking.

About this title

About the Author

Arturo Hermann is Primo Ricercatore at the Italian National Institute of Statistics (ISTAT), Italy.

Simon Mouatt is Emeritus Associate Professor in Economics at Solent University, UK.

Edition details

• Publisher: Routledge
• Publication date: 2020
• Language: English
• ISBN 10: 0367365049
• ISBN 13: 9780367365042
• Binding: Hardcover
• Edition number: 1
• Number of pages: 342
• Editor: Hermann Arturo, Mouatt Simon