This book demonstrates the continuing relevance of economics for understanding the world, through a restatement of the importance of plurality and heterodox ideas for teaching and research. The Great Financial Crash of 2007–8 gave rise to a widespread critique of economics for its inability to explain the most significant economic event since the 1930s. The current straightjacket of neo-classical undergraduate economic teaching and research hinders students’ understanding of the world they live in. The chapters in this book provide examples to demonstrate the importance of pluralistic and heterodox ideas from across the breadth of economics. The authors’ plurality of approach is indicative of the fact that economics is a much broader discipline than the dominant neo-classical orthodoxy would suggest. This volume provides undergraduate students with a range of alternative ideas and university lecturers with examples whereby the curricula have been broadened to include pluralist and heterodox ideas.
|Publisher:||Springer International Publishing|
|Edition description:||1st ed. 2018|
|Product dimensions:||5.83(w) x 8.27(h) x (d)|
About the Author
Omar Feraboliis Lecturer in Economics at the University of Dundee, UK. His main fields of research are international finance and international trade, in particular applied computable general equilibrium (CGE) models and trade policy issues.
Carlo J. Morelliis Senior Lecturer in Economicsat the University of Dundee, UK,and has published work in economic and business history. His recent work includes studies of economic transformation, the management of decline in the jute industry and the food retailing industry.
Table of Contents
Chapter 1. Introduction: The Financial Crash and Post-Crash Economics Omar Feraboli and Carlo J. Morelli
Chapter 2. Student Reflections and Post-Crash Economics Omar Feraboli
Part I. Problems in Business Economics
Chapter 3. Business Strategy, Economic Crisis and the Theory of the Firm Carlo J. Morelli
Chapter 4. History of Contemporary Economic Thought: Radical Economics, MarxistEconomics and Marx’s Economics Jane Hardy
Part II. Problems in Micro Economics
Chapter 5. Applying Principles of Action Learningin Undergraduate Economics Robbie Mochrie
Chapter 6. Conceptual Fossils: Why do we Keep Teaching Irrelevant Ideas in First Year Economics? Martin Jones
Chapter 7. The Present Stateof Economics: Errors and Omissions Excepted Dirk H. Ehntsand Fritz Helmedag
Chapter 8. Teaching with Historical Perspectives: The Case of Development Economics Daniela Tavasci
Part III. Problems in Financial Economics
Chapter 9. Teaching Reciprocity as the Foundation of Financial Economics Timothy JohnsonChapter 10. A Critical Approach to Teaching Financial Economics Luigi Ventimiglia