Books in the Routledge Advances in Heterodox Economics series

Argues that the Marginal Productivity Theory of Distribution MPTD is valid, neither as a normative theory of social justice, nor as a positive law of economics. This book suggests that economics is yet to develop a satisfactory theory of distribution that is scientific in the quantitative or mathematical sense.

Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action argues that heterodox economics has 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.

Delineates Post-Keynesian microeconomic theory. This book builds the theoretical core of Post-Keynesian microeconomics that can then be used by other Post-Keynesians in their work.

How do societies achieve a level of complexity, coordination, and social intelligence that far surpasses the capacity of individual human intelligence? This title addresses this question in the context of civil society generally, in which we cannot always rely on market prices to guide our way.

Explains exchange rates based on the premise that it is financial capital flows and not international trade that represents the driving force behind currency movements. This book also presents an analysis of the scholarly traditions of John Maynard Keynes and Thorstein Veblen.

Concerns with the community history of heterodox economics, seen primarily through the eyes of Marxian-radical economics and Post Keynesian economics. This book discusses issues including the contested landscape of American economics in the 1970s, and the emergence and establishment of Post Keynesian economics in the US.

Employs the concept of transformational growth to explore the investment-driven cycle of expansion of the 1990s in the US economy, and of the of role played by the ICT sector.

This volume is a state-of-the-art compilation of diverse and innovative perspectives, principles, and a number of practiced approaches of fields, courses, and methods of pluralist economics teaching. It fosters constructive controversy aiming to incite authors and commentators to engage in fruitful debate.

This state-of-the-art compilation of diverse and innovative perspectives on the methodology and appliance of pluralist economics teaching addresses questions around the important of pluralistic teaching. The result is a diverse book on teaching economics in the contemporary classroom with ideas and examples drawn from around the world.

According to the standard position, the efficient production of so-called public goods, including law and defense, requires the use of territorial "monopolies of force". This book challenges this assumption and provides a comprehensive economic and ethical case for extending the applicability of voluntary, entrepreneurial cooperation.

This book is in honour of John Edward King who has an impressive publication record in the area of economic theory with specific interest in how economic thought in the past shapes current economic theory and enforces certain paths of economic policy and economic development. This text aims to provide a clear path for pluralism to serve the economics discipline as its standard bearer, and to no longer be merely a heterodox challenge to the mainstream. This book is of interest to those who study history of economic thought, political economy and heterodox economics.

Varieties of Economic Inequality considers both theoretical perspectives and empirical evidence of aspects such as income, gender, race, technology, power, region, education and class. Ultimately, this text rejects the idea of supposed long run constant factor shares, the positive effects of inequality and the greater importance of absolute level of income compared to its unequal distribution, and instead reveals the structural inequalities that exist within societies.

This collection is inspired by the coming retirement of Professor Wolfram Elsner. It presents cutting-edge economic research relevant to economic policies and policy-making, placing a strong focus on innovative perspectives. The interested reader will find careful reconsiderations of the historical development of institutional and evolutionary theories, enlightening theoretical contributions, interdisciplinary ideas, as well as insightful applications. The collection serves to highlight the common ground and the synergies between the various approaches and thereby to contribute to an emerging coherent framework of alternative theories in economics.

This book promises to describe political and economic dynamics as interwoven as they are in real life and it adds to that an evolutionary perspective, which allows for a long-run view. The essays in this volume explore the theoretical and methodological aspects of evolutionary political economy. In part one, the authors consider the foundational contributions of some of the great economists of the past and the second part demonstrates the benefits of adopting the methods of computer simulation and agent-based modelling. Together, the contributions to this volume demonstrate the richness, diversity and great explanatory potential of evolutionary political economy.

This book explores the foundations of the current economic crisis. Offering a heterodox approach to interpretation it examines the policies implemented before and during the crisis, and the main institutions that shaped the model of advanced economies, particularly in the last two decades.