Neoliberalism is dead. Again. Yet the philosophy of the free market and the strong state has an uncanny capacity to survive and even thrive in crisis. This volume breaks with the caricature of neoliberalism as a simple belief in market fundamentalism to show how neoliberal thinkers developed...

Neoliberalism is dead. Again. Yet the philosophy of the free market and the strong state has an uncanny capacity to survive and even thrive in crisis. This volume breaks with the caricature of neoliberalism as a simple belief in market fundamentalism to show how neoliberal thinkers developed...

The pandemic has revealed deficiencies of human rationality repeatedly pointed out by behavioural economists. And yet, the discipline must learn from the pandemic. The altruism it propagates has serious limitations that need reexamining.

Pluralism in economics appears to be a double-edged sword: we need more than one theory to grasp and explain the entire economic world, yet a plurality of possible explanations undermines the aspiration of the economic discipline to provide 'objective knowledge' in the singular of the 'one world...

Macroeconomic theory has developed into increasingly sophisticated mathematical models. In the words of Mankiw, macroeconomics has developed from engineering into science. The Global Financial Crisis (GFC) revealed that the empirical relevance and the usefulness of these models is debatable. Why...

Economics is currently experiencing a climate of uncertainty regarding the soundness of its theoretical framework and even its status as a science. Much of the criticism is within the discipline, and emphasises the alleged failure of the neoclassical viewpoint. This article proposes the...

Since the crisis of 2008 the liberal market order has been challenged by several (populist) social movements and has become object of political regulation. Whereas in the late 70s and early 80s politics tend to deregulate the market, nowadays deregulation seem to be a synonym for the negative...

This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post" view on the matter and rather looks at the output side of the respective authors, but not at the input side. This means no attempt is made at studying in a systematic way, if and...

In den Wirtschaftswissenschaften lassen sich zwei Theorietypen unterscheiden: Die "idealistische Ökonomie" geht von einem Idealzustand aus und untersucht die Bedingungen, unter denen dieser erreicht werden kann wie die Eigenschaften des "homo oeconomicus". Die "realistische Ökonomie" geht vom...

Purpose The construction of a modern economic system is a symbolic and strategic choice for large developing economies on the path toward high-quality economic development. The paper aims to discuss this issue. Design/methodology/approach The overall framework aims to adhere to "One Policy and...

A popular view of models among economists and philosophers alike is that all models are false, but some are useful. Models are frequently treated as convenient fictions, idealizations, stories about credible worlds, or "near enough" to the truth. But such a understandings pose serious questions,...

The arguments that the economy gives us through its great imbalances, crises and wild cycles result in the dehumanization of the society and the human. This paper deals with counter-measures, i.e. with the analysis of the reasons that are in favour of the humanization of the economy, from which...

After decades of successful growth, economic unions have recently become the focus of heightened political controversy. We argue that this is partly due to the growth of trade between countries that are increasingly dissimilar. We develop a theoretical framework to study the effects on trade,...

Nachdruck mit einem Vorwort und einer ausführlichen Einleitung von Heinz-J. Bontrup. Heinz-J. Bontrup und der Duncker & Humblot Verlag würdigen mit dem Nachdruck dieses Buches aus dem Jahr 1992 das Lebenswerk des herausragenden deutschen Ökonomen Helmut Arndt zu seinem 110. Geburtstag. In...

This book offers the first intellectual biography of the Anglo Australian economist, Colin Clark. Despite taking the economics world by storm with a mercurial ability for statistical analysis, Clark’s work has been largely overlooked in the 30 years since his death. His career was punctuated...

Part 1: Themes in Oxford Economics -- Chapter 1: Oxford’s Contributions to Econometrics -- Chapter 2: Development Economics at Oxford, 1950–2020 -- Chapter 3: Oxford’s Contributions to Industrial Economics from the 1920s to the 1980s -- Chapter 4: Economic History at Oxford, 1860–2020 --...

1. Introduction -- 2. Eucken’s Competition with Keynes: Beyond the Ordoliberal Allergy to the Keynesian Medicine -- 3. Third-Way Perspectives on Order in Interwar France: Personalism and the Political Economy of François Perroux -- 4. Corporatism and Planning in Monnet’s Idea of Europe --...

Foreword -- Part One: Revisiting Marshall’s Economics -- 1. Alfred Marshall in the Lower Valdarno -- 2. The organization of knowledge and knowledge as organization -- 3.Raffaelli on historical progress in Smith and in Marshall -- 4. Marshall's external economies. Economic evolution and...

Chapter 1: Introduction -- Chapter 2: Importance of Climate Change in Economics -- Chapter 3: Mainstream Climate Economics -- Chapter 4: What is Problematic about Mainstream Climate Economics? -- Chapter 5: Why We Do Not Have More Pluralism -- Chapter 6: Climate Change and Responsibility --...

"Examining how Marxist theory is missing but necessary, this book traces the theoretical maze in which Marxism currently finds itself, and from which it is trying to exit whilst at the same time remaining epistemologically intact. When stripped of any or all of its core elements - such as class...

"This book is designed for a one-semester issues-based general education economics course, and its purpose is to interest the nonbusiness, noneconomics major in what the discipline of economics can do. Students of the "issues approach" will master the basic economic theory necessary to explore a...

"Crafted by award-winning Principles teachers Dirk Mateer and Lee Coppock, Principles of Economics' approach builds economics skills and intuition through relatable, memorable examples and applications. Mateer and Coppock's 40-plus years developing innovative classroom experiences is reflected...

"We offer the second edition of this text as a resource for professors who, like us, want to show students that economics can make a positive impact-in their own lives and in society as a whole. We designed the text with our own version of a "dual mandate": to deliver core economic concepts...

"Heterodox economics can provide a more complete and robust explanation of economic realities than orthodox (or mainstream) economics. Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action argues that this greater explanatory power gives heterodox economics the...