By Philip Mirowski & Edward Nik-Khah. From Oxford University Press: Information is a central concept in economics, and The Knowledge We Have Lost in Information explores its treatment in modern economics. The study of information, far from offering enlightenment, resulted in all matter of confusion for economists and the public. Philip Mirowski and Edward Nik-Khah argue … More New Book: The Knowledge We Have Lost in Information – The History of Information in Modern Economics
Richard D. Wolff & Michael Hudson examine the concept of “Junk Economics.”
By Ricardo F. Crespo. From Routledge: During the second half of the twentieth century, economics exported its logic – utility maximization – to the analysis of several human activities or realities: a tendency that has been called “economic imperialism”. This book explores the concept termed by John Davis as “reverse imperialism”, whereby economics has been … More New Book: Economics and Other Disciplines – Assessing New Economic Currents
Josh Mason from John Jay College CUNY doesn’t think teaching contending economic theories is effective, and sees the objective of introductory economics courses as teaching students basic tools to understand economic terminology, national accounts, and standard relationship between cause and effect.
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
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
From Routledge: The doctrine of “free trade” is second only to that of “free markets” in undergirding ideological support for our current global economic structures and rules. From David Ricardo’s “comparative advantage principle” to James Meade’s Neoclassical or mainstream economics proof of self-adjusting free trade equilibrium, the free trade doctrine has had a lasting and … More New Book by Ron Baiman: The Global Free Trade Error – The Infeasibility of Ricardo’s Comparative Advantage Theory