By Al Campbell, Ann Davis, David Fields, Paddy Quick, Jared Ragusett and Geoffrey Schneider American Review of Political Economy – original version Introduction Ten years after the financial crisis, we still find mainstream economists engaging in overly simplistic analysis that does not accurately capture the dynamics of the real world. People studying economics need to … More The Unreal Basis of Neoclassical Economics
By Robert Skidelsky. From Yale University Press: A critical examination of economics’ past and future, and how it needs to change, by one of the most eminent political economists of our time The dominant view in economics is that money and government should play only minor roles in economic life. Economic outcomes, it is claimed, are … More New Book: Money and Government – The Past and Future of Economics
By Hugh Goodcare. From Routledge: William Petty (1623-1687), long recognised as a founding father of English political economy, was actively involved in the military-colonial administration of Ireland following its invasion by Oliver Cromwell, and to the end of his days continued to devise schemes for securing England’s continued domination of that country. It was in … More New Book: The Economic Thought of William Petty – Exploring the Colonialist Roots of Economics
By Lane Vanderslice, The Union for Radical Political Economics is 50 this year, and a notice has just been sent out about a 50th anniversary celebration at the University of Massachusetts . URPE was started in 1968 because of great frustration with standard economics, which had limited theories (neglecting power, for one thing) and confined … More Standard economics: 50+ years of resisting new ideas
By Brendan Cook, Instructor, Department of Humanities & Cultural Studies, University of South Florida, and Scott Ferguson, Assistant Professor, Department of Humanities & Cultural Studies, University of South Florida & Research Scholar, Binzagr Institute for Sustainable Prosperity. Both authors are founding members of the Modern Money Network: Humanities Division. Lo, Christ is never strong in … More The Real Economic Consequences of Martin Luther
By Frederic Lee. Edited by Tae-Hee Jo. From Routledge: Microeconomic Theory: A Heterodox Approach develops a heterodox economic theory that explains the economy as the social provisioning process at the micro level. Heterodox microeconomics explores the economy with a focus on its constituent parts and their reproduction and recurrence, their integration qua interdependency by non-market … More New Book: Microeconomic Theory – A Heterodox Approach
Originally posted on occasional links & commentary:
Lots of folks have been asking me about the significance of the so-called Nobel Prize in economics that was awarded yesterday to Richard Thaler. They’re interested because they’ve read or heard about the large catalog of exceptions to the usual neoclassical rule of rational decision-making that has been…
