2nd Edition

The Routledge Handbook of Heterodox Economics Volume 1: Foundations, Theoretical Cores, and the Anatomy of Capitalism

Edited By Tae-Hee Jo, Lynne Chester, Carlo D'Ippoliti Copyright 2026
452 Pages 21 B/W Illustrations
by Routledge

452 Pages 21 B/W Illustrations
by Routledge

This second edition of The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a pluralistic heterodox perspective. The Handbook aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy. Secondly, it delineates future directions, as well as the current state, of... Read more

Lists of figures

List of tables

About the editors

List of contributors

 Part I. Introduction

1.         The state of the art and challenges for heterodox economics
Tae-Hee Jo, Lynne Chester, and Carlo D’Ippoliti

Part II. Foundations

2.         The social provisioning process
Tae-Hee Jo and Zdravka Todorova

3.         Critical realism and economics
Nuno Ornelas Martins

4.         The micro-macro link in heterodox economics
Claudius Gräbner-Radkowitsch and Jakob Kapeller

5.         The methods and methodologies of heterodox economics
Łukasz Hardt

Part III. Theoretical cores

6.         The social surplus approach: historical origins and present state
Nuno Ornelas Martins

7.         The systems of provision approach
Mary Robertson

8.         Accumulation regimes: new insights
Agnès Labrousse and Sandrine Michel

9.         Monetary theories of production
Marco Veronese Passarella

10.     The principle of effective demand in the short and the long run: Marx, Kalecki, Keynes, and beyond
Eckhard Hein

11.     Heterodox theories of value: a brief history
Ajit Sinha

12.     Theories of prices and alternative economic paradigms
Carlo D’Ippoliti

13.     Theories of pricing
Nobantu Mbeki

14.     Heterodox theories of distribution
Scott Carter

15.     Theories of investment, financing, and profits
Sara Feiner Solís and Jordan Melmiès

Part IV. The anatomy of capitalism

16.     Society and its institutions
John F. Henry

17.     Social class
Eleni Papagiannaki

18.     Heterodox economics and theories of interactive agency
Mary Wrenn

19.     The processes, provisioning, and hierarchies of households
Zdravka Todorova

20.     Heterodox perspectives on the state
Roberto R. Simiqueli

21.     The political economy of trade unions under capitalism
Jim Standford

22.     The business enterprise: a heterodox approach
Tae-Hee Jo

23.     The business enterprise: perspectives from accounting, economics, and law
Yuri Biondi

24.     Heterodox theories of business competition and market governance
Tuna Baskoy

25.     A Marxian understanding of the nature and form of dominant capitalist legal institutions
Lorraine Talbot

26.     Money and monetary regimes
Pavlina R. Tcherneva

27.     Banks in developing countries
Radha Upadhyaya

28.     Shadow banking
Benjamin Wilhelm

 Index

 

Biography

Tae-Hee Jo is Associate Professor in the Economics and Finance Department at SUNY Buffalo State University, USA.

Lynne Chester is Professor of Political Economy at The University of Sydney, Australia.

Carlo D’Ippoliti is Professor of Political Economy at Sapienza University of Rome, Italy.