Economic Pluralism

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Overview

The leading edges of economic thinking in the early 21st century are marked by a nascent pluralism - a positive valuing of difference and complexity - regarding the nature and evolution of human behaviour and economic organization. Economic Pluralism brings these pluralist sensibilities to the fore. Its twenty original essays explore the value and difficulties of pluralism in economic theory, philosophy, institutions, and education.

These twenty original essays reflect the maturity and breadth of pluralist scholarship in economics today. The first eight chapters (including essays by Tony Lawson, Diana
Strassmann, Frederic Lee, and David Colander) stake out contentious positions on how and why pluralism matters in economic inquiry. The remaining chapters explore the meaning and consequences of pluralism in economic education, institutions, and policies.

This volume provides a unique "second generation" discussion of pluralism in economics. Its twenty original essays include contentious disagreements about where and why pluralism matters in economic inquiry as well as creative explorations of pluralism and its consequences in economic systems and in graduate and undergraduate economic education. It is certain to spur further debate over the scope and value of economic pluralism for the 21st century. This volume would be of most interest as a supplementary text for graduate or undergraduate courses that include units on heterodox economics or economic philosophy.

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Product Details

Meet the Author

Robert Garnett is Associate Professor of Economics at Texas Christian University. Erik K. Olsen is Assistant Professor of Economics and member of Doctoral Faculty at the University of Missouri Kansas City. Martha Starr is a member of the economics faculty at American University in Washington, DC. Prior to joining AU, she was a senior economist at the Federal Reserve Board of Governors.

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Table of Contents

Introduction - Economic Pluralism for the 21st Century by Robert Garnett, Erik Olsen, Martha Starr: Pluralism and Economic Inquiry: Pluralism and Heterodoxy: 1 Pluralism in Heterodox Economics by Frederic Lee: 2 Moving Beyond the Rhetoric of Pluralism: Suggestions for an "Inside-the Mainstream" Heterodoxy by David Colander: 3 Is Convergence among Heterodox Schools Possible, Meaningful, or Desirable? by William Waller: 4 Raising Dissonant Voices: Pluralism and Economic Heterodoxy by Diana Strassmann, Caren Grown, and Martha Starr Theorizing Pluralism 5 Is Kuhnean Incommensurability a Good Basis for Pluralism in Economics? by Gustavo Marqués and Diego Weisman: 6 Why Should I Adopt Pluralism? by Rogier De Langhe: 7 Ontology, Modern Economics, and Pluralism by Tony Lawson: 8 The Cambridge School and Pluralism by Vinca Bigo: Pluralism and Real-World Economies: Economic Democracy and the Common Good: 9 America beyond Capitalism: The Pluralist Commonwealth by Gar Alperovitz: 10 From Competition and Greed to Equitable Cooperation: What Does a Pluralist Economics Have to Offer? by Robin Hahnel: 11 Growth, Development, and Quality of Life: A Pluralist Approach by Ric Holt and Daphne Greenwood: 12 Beyond the Status Quo, in the World and in the Discipline: The Comments of an Austrian Economist by Emily Chamlee-Wright Economic Cooperation: Commercial and Communal 13 Hayek and Lefebvre on Market Space and Extra-Catallactic Relationships by Virgil Henry Storr: 14 The Plural Economy of Gifts and Markets by Ioana Negru: 15 Communities and Local Exchange Networks: An Aristotelean View by Philip Kozel Pluralism and Economic Education: 16 Promoting a Pluralist Agenda in Undergraduate Economic Education by KimMarie McGoldrick: 17 The Illusion of Objectivity: Implications for Teaching Economics by Alison Butler: 18 A Pluralist Teaching of Economics: Why and How by Gilles Raveaud: 19 Economic Pluralism and Skill Formation: Adding Value to Students, Economies, and Societies byRod O’Donnell: 20 A Most Peculiar Success: Constructing UADPhilEcon, a Doctoral Program in Economics at the University of Athens by Yanis Varoufakis: 21 List of Contributors.

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