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Beyond Neoclassical Economics: Heterdox Approaches to Economic Theory

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Beyond Neoclassical Economics is a remarkable new introduction to the main heterodox schools of economic thought which examines their main concepts and their critiques of mainstream theory. Offering a wide spectrum of theory and viewpoints that both complement and challenge mainstream and conventional thought, this substantial volume explores schools of thought and traditions poorly covered in most conventional economics textbooks. The schools presented include Austrian economics, Geo-economics, the Virginia ...
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Overview

Beyond Neoclassical Economics is a remarkable new introduction to the main heterodox schools of economic thought which examines their main concepts and their critiques of mainstream theory. Offering a wide spectrum of theory and viewpoints that both complement and challenge mainstream and conventional thought, this substantial volume explores schools of thought and traditions poorly covered in most conventional economics textbooks. The schools presented include Austrian economics, Geo-economics, the Virginia school of political economy, Institutional economics, Feminist economics, Humanist economics and Nondeterminist Marxism. The papers in this volume have been prepared by leading scholars who offer new perspectives on conventional thought, as well as dialogue and commentary between their different approaches to economics. The aim of this major book is not only to understand the thought, methodology, and approach of various economic schools, but also to explain why there are different approaches to economics and how the different schools relate to one another.
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Editorial Reviews

Booknews
Ten papers from a March 1995 conference in New York City describe approaches to economic theory that challenge and complement the mainstream theory. Among them are Austrian geo-economics, the Virginia school, institutional, feminist, humanist, and nondeterminist Marxist. In a concluding chapter, the authors comment on each other's accounts. Besides providing information on the specific theories, the collection demonstrates why there are so many schools of economic thought and how they relate to each other. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9781858983950
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 1/1/1996
  • Series: Shaftesbury Papers Ser.
  • Pages: 208

Table of Contents

List of figures
List of contributors
Foreword
Introduction
1 Comparative economic theory 1
2 What is wrong with neoclassical economics (and what is still wrong with Austrian economics)? 22
3 Geo-economics 41
4 The Virginia school of political economy 61
5 The institutional approach to political economy 83
6 Feminist economics: let me count the ways 100
7 Humanist economics: from homo economicus to homo sapiens 115
8 Nondeterminist Marxism: the birth of a postmodern tradition in economics 134
9 Foundational economics 148
10 Dialogues in economics 163
Index 177
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