264 pages | 30 B/W Illus.
The 2007/08 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory this book contributes to the rebuilding of the discipline.
This volume brings together contributions from different perspectives and theoretical approaches that address the challenge of updating the economic theory corpus and seek to recover prestige for this discipline after the failure of neoclassical economics. It addresses a range of topics including the complexity approach to economics, category theory, the Post-Keynesian approach to micro and macroeconomics, financialization, multidimensional analysis and ecological economics.
The book is aimed at economics scholars, researchers, academics, and practitioners, as well as upper undergraduates and graduates in this area of knowledge. It may also be of interest for people interested in methodological issues in economics and the relationship between economic theory and the real world.
List of Figures
Note on contributors
1. Complexity and Economics, Victor A. Beker
2. From Complexity Science to Complexity Economics, Ping Chen
3. Categorical Economic Theory, Fernando Tohme and Marcelo Auday
4. Microeconomics: Is There a Post Keynesian Alternative?, Jordan Melmiès
5. Microeconomics in a complex social world, Michel Zouboulakis
6. Teaching macroeconomics after the crisis, Irene van Staveren
7. Asymmetric price adjustment and other issues in Keynesian macroeconomics, Victor A. Beker
8. Understanding Financialization: Standing on the Shoulders of Minsky, Charles Whale
9. Ecological Economics: Redefining economics for democracy and sustainability, Peter Söderbaum