New book: A Modern Guide to Rethinking Economics

Edited by Louis-Philippe Rochon & Sergio Rossi. From Edward Elgar: Since the beginning of the 21st century, there has been an unprecedented move towards ‘rethinking economics’. This book contributes to this worldwide discussion by providing readers at all levels with thoughtful contributions on a range of economic topics. The book includes chapters on rethinking fiscal … More New book: A Modern Guide to Rethinking Economics

New book: Crisis and the Failure of Economic Theory – The Responsibility of Economists for the Great Recession

By Giancarlo Bertocco. From Edward Elgar: Economists have rightly been criticized for not having foreseen the crisis that exploded in 2007–2008. As Giancarlo Bertocco eloquently argues, responsibility does indeed rest heavily on their shoulders. By developing a theory which excluded the possibility that a catastrophic crisis could ever happen, the economics profession has justified decisions … More New book: Crisis and the Failure of Economic Theory – The Responsibility of Economists for the Great Recession

New Book: Capitalism, Macroeconomics & Reality – Understanding Globalization, Financialization, Competition & Crisis

By James Crotty. From Edward Elgar: The essays comprising this collection analyze the deep flaws in the methodological foundation of mainstream economic theory, and explain how these flaws make mainstream economics more ideology than sound social science. James Crotty develops alternative theories built on realistic assumptions that can explain most of the disastrous economic and … More New Book: Capitalism, Macroeconomics & Reality – Understanding Globalization, Financialization, Competition & Crisis

Understanding Economic Development and Demolishing Neoliberal Myths

By Erik Reinert, Jayati Ghosh and Rainer Kattel, We have recently co-edited a book, The Handbook of Alternative Theories of Economic Development, which that seeks to bring back the richness of development economics through many different theories that have contributed over the ages to an understanding of material progress. The underlying approach is based on … More Understanding Economic Development and Demolishing Neoliberal Myths

New Book by Robin Hahnel: Radical Political Economy – Sraffa Versus Marx

From Routledge: For too long radical political economy has suffered for lack of a coherent alternative to formal Marxian economic theory. People have had to choose between (1) continuing to use a formal model based on the labor theory of value as Marx developed in Capital to justify and retain one’s opposition to capitalism, or … More New Book by Robin Hahnel: Radical Political Economy – Sraffa Versus Marx