Until the end of the early 1970s, from a history of ecomic thought perspective, the mainstream in ecomics was pluralist, but once neoclassical ecomics became totally dominant it claimed the mainstream as its own. Since then, alternative views and schools of ecomics increasingly became mirities in the discipline and were considered 'heterodox'. This book is in hour of John Edward King who has an impressive publication record in the area of ecomic theory with specific interest in how ecomic thought in the past shapes current ecomic theory and enforces certain paths of ecomic policy and ecomic development. This book is divided into five themes based on King's interests. The first theme looks at the challenge in trying to reclaim pluralism in ecomics. The second faces head-on the direct collision of mainstream ecomics with history of ecomic thought and heterodox ecomics. The third addresses classical ecomic ideas, their central influence in the past and how they can still primarily guide modern pluralist ecomics. The fourth examines Post Keynesian and Kaleckian ecomics with a view to providing a more coherent and extensive branch of heterodox ecomics. The final theme critiques the policy of neoliberalism that has entrenched itself in capitalist ecomies which have led to financial, industrial, labour, and behavioural/consumerist crises. This text aims to provide a clear path for pluralism to serve the ecomics discipline as its standard bearer, and to longer be merely a heterodox challenge to the mainstream. This book is of interest to those who study history of ecomic thought, political ecomy and heterodox ecomics.
Jerry Courvisanos is Associate Professor of Innovation and Entrepreneurship at Federation University Australia, Ballarat, Australia. James Doughney is Professorial Fellow at the Victoria Institute of Strategic Economic Studies, Victoria University, Australia. Alex Millmow is Associate Professor of Economics at Federation University Australia, Ballarat, Australia.
Taylor & Francis Ltd
Date of Publication
Economics: Textbooks & Study Guides
Routledge Advances in Heterodox Economics
Place of Publication
Country of Publication
2 black & white illustrations, 2 black & white tables, 2 black & white line drawings