The article discusses the ongoing debate about a potential paradigm shift in eco-nomics. Institutions like the Institute for New Economic Thinking, the New Economics Foundation, and the Forum New Economy have been established to foster new approaches to understanding and transforming economies....

Economics is often referred to as ""the queen of social sciences."" This is because mainstream economics has been established as an elegant academic discipline by assuming mankind simply to be homo economicus—an image of human beings showing interest in only material fulfilment and acting...

Cooperatives have spread across virtually all continents. Today, the International Cooperative Alliance (ICA) recognises over 3 million cooperatives with 1 billion cooperative members or about 12% of the human population and serving many more members of the public, collectively owning trillions...

Theories of monopoly capitalism integrate microeconomic and macroeconomic elements to account for the behaviour of firms. The modern corporation is the unit of analysis at the firm, industry, and macroeconomic levels. This changes the analysis in at least two fundamental ways. First, oligopoly...

Under the impetus of Edward Lazear, personnel economics has established itself as a particularly dynamic area of mainstream labour economics. It aspires to provide the best solutions to the practical problems that human resource managers encounter. The following paper aims to do the following:...

After the global financial crisis, hopes were high that there would be a pluralisation of the economics discipline and a boost for heterodox economics that challenged dominant economic models. However, mainstream economics once again proved its enormous resilience and the future of alternatives...

The article discusses the ongoing debate about a potential paradigm shift in eco-nomics. Institutions like the Institute for New Economic Thinking, the New Economics Foundation, and the Forum New Economy have been established to foster new approaches to understanding and transforming economies....

At its core, the discussion on the micro-macro link in heterodox economics is concerned with the correct treatment of aggregates and aggregation in social theory. In this chapter we survey heterodox approaches to the micro-macro link with a focus on shared understandings and convictions that...

At its core, the discussion on the micro-macro link in heterodox economics is concerned with the correct treatment of aggregates and aggregation in social theory. In this chapter we survey heterodox approaches to the micro-macro link with a focus on shared understandings and convictions that...

Chapter 1: Introduction -- Chapter 2: Economics at Harvard and MIT -- Chapter 3: Economics at the Cowles Commission in Chicago and Yale -- Chapter 4: Economics at the Graduate School of Industrial Administration (GSIA) in Pittsburgh -- Chapter 5: The development of the theory of games at...

Chapter 1. Introduction -- Chapter 2. Society -- Chapter 3. Value Theory -- Chapter 4. Exchange, Money, Society -- Chapter 5. Money -- Chapter 6. Money and "Socialism" -- Chapter 7. Summary: Or, What's New Here?.

An Economic Philosophy of Production, Work and Consumption presents a new transhistorical framework of defining production, work and consumption. It shows that they all share the common feature of intentional physical transformation of something external to the agent, at some point in time. The...

"Drawing on the knowledge of highly experienced academics, this authoritative Handbook explains how ethics can inform the teaching of economics. It includes state-of-the-art moral theory alongside traditional approaches to emphasise why ethics should be an important consideration for economic...

1. Editorial: Consequences of Social Transformation for Economic Theory -- 2. A Survey on Business Cycles: History, Theory and Empirical Findings -- 3. Implementation of the Evolutionary-Genetic Methodology in the Mechanisms of Synthesis of Economic Theory -- 4. Synthesis of Mainstream and...

Leszek Jasiński [2019] attempts, as the title indicates, "a reading after half a century" of Michał Kalecki's thought. We dispute the main claim in the book, i.e. that Kalecki has a firm place in contemporary mainstream economics and was the originator of many ideas generally accepted today....

The state of economics is poor: it has narrowed its focus to a viewpoint whose explanatory power was heavily questioned not only during the global financial crisis after 2007, but whose policy recommendations even enabled the crisis and exacerbated its consequences. Moreover, it seems unable to...

“Just the book to replace old failed economic thinking with fresh ideas about the income and investment we need.” – Neal Lawson, Executive Director, Compass “A novel and interesting approach to some fundamental economic questions.” – Vince Cable, Secretary of State for Business,...

"Greenwood presents the first comprehensive introduction to pluralist labor economics. She expands the economics toolbox with theories taken from institutionalist, feminist, social, ecological, and stratification economists. This is an important resource for students and scholars alike."

The renowned institutionalist Geoffrey Hodgson has claimed inter alia that heterodox economics has failed to define its nature and scope, does not take pluralism seriously, and lacks expertise concentration to ensure quality which means it has made limited progress and is held in variable...