Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action

Heterodox economics provides a more complete and robust explanation of economic realities than orthodox economics, allowing it to illuminate appropriate policy for major crises and offer a more pluralist approach to economic theory. The chapters in this book address key issues facing the global economy, including income/wealth disparity, environmental degradation, employment, and financial crises, and explore potential policy responses such as modern monetary theory, public ownership, and the need to move beyond standard concepts of growth.

Format: Paperback / softback
Length: 342 pages
Publication date: 29 April 2022
Publisher: Taylor & Francis Ltd

Heterodox economics, as a field of study, offers a more comprehensive and nuanced understanding of economic realities than its mainstream counterpart. In Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action, the authors argue that this enhanced explanatory capacity grants heterodox economics the ability to shed light on effective policy responses to the critical challenges of our time. Moreover, it provides the foundation for a more pluralistic and holistic approach to economic theory.

The chapters in this comprehensive volume explore a range of pressing issues confronting the global economy, including the growing income and wealth inequality between individuals and regions, the detrimental impact of environmental degradation, the complexities associated with employment, and the recurrence of economic and financial crises. The authors examine potential policy alternatives, such as modern monetary theory, models of public ownership, and the need to transcend conventional notions of growth. They also critically assess the limitations of orthodox economics and advocate for a more pluralistic perspective in the public sphere, academia, and classrooms to address the complexities of the twenty-first century.

This book is an essential resource for students and scholars across the social sciences who seek alternative perspectives to mainstream economic thinking. It offers valuable insights and perspectives that can contribute to a more informed and progressive understanding of economic issues and policies.

Dimension: 234 x 156 (mm)
ISBN-13: 9780367509101