New Book: The Economic Thought of William Petty – Exploring the Colonialist Roots 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

Standard economics: 50+ years of resisting new ideas

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

The Real Economic Consequences of Martin Luther

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

New Book: Microeconomic Theory – A Heterodox Approach

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

Nobel economics: the behaviorism of economic decisions and its secret

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…

Julio Huato On the 2017 economics Nobel

By Julio Huato, It went to Richard Thaler “for his contributions to behavioral economics.” Congratulations, Richard! In the domain of bourgeois economics, behavioral economics — Thaler’s work, in particular — is not one of the most egregious crimes of lesa scientia. It seems to me that, taken with due caution, it may be helpful to radicals. However, since people … More Julio Huato On the 2017 economics Nobel