2nd Edition

The Routledge Handbook of Heterodox Economics Volume 2: Dynamics and Alternatives

Edited By Tae-Hee Jo, Lynne Chester, Carlo D'Ippoliti Copyright 2026
414 Pages 31 B/W Illustrations
by Routledge

414 Pages 31 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. The dynamics of capitalism 

2.         Capitalism’s multiple and interconnected crises: heterodox perspectives on the current polycrisis
Maria Gavris

3.         The accumulation of capital: an analytical and historical overview
Ramaa Vasudevan

4.         Heterodox theories of economic growth
Özgür Orhangazi

5.         Heterodox theories of the business cycle
Matı́as Vernengo

6.         Analyzing the organization of global production: a multidisciplinary perspective
Gabriel Brondino and Víctor Ramiro Fernández

7.         Labor processes and outcomes: a heterodox framework
Siobhan Austen

8.         Heterodox theories of inflation
Oktay Özden

9.         Theories of international development: the Post Keynesian and Marxist alternatives
John Marangos

10.     A heterodox reconstruction of trade theory
Yan Liang

11.     Financialization and the crises of capitalism
Petra Dünhaupt

12.     The new world economic order from the perspective of the Global South
Monika Meireles

13.     Energy, environment, and the economy
Anders Ekeland and Bent Arne Sæther

14.     The informal economy in theory and policy: prospects for well-being
Elizabeth Hill

15.     Inequality, poverty, and social exclusion
Marcella Corsi, Chiara Grazini, and Giulio Guarini

16.     Cryptocurrency in heterodox economic theory and institutional practice
Nina Eichacker

Part III. Envisioning alternatives

17.     An exit strategy from capitalism’s ecological crisis
Lynne Chester

18.     Restructuring financial systems for human advancement
Wesley C. Marshall

19.     Rethinking the role of the state under capitalism
Anna Klimina

20.     The twenty-first century capitalist revolution: how the governance of large firms shapes prosperity and inequality
Jordan Brennan

21.     Envisioning development from the periphery: the case of Latin America
Emilia Ormaechea and Luciano Moretti

22.     Achieving full employment: history, theory, and policy
John Marsh, Timothy Sharpe, Juanling Huang, and Bruce Philp

23.     Social welfare and social control
Robert McMaster and Andrew Cumbers

Part IV. The Progress of Heterodox Economics

24.     From monoculture to pluricultures: recent trends in economics education
Lukas Bäuerle and Michelle Meixieira Groenewald

25.     Heterodox economics as a living body of knowledge: community, (in)commensurability, critical engagement, and pluralism
Jamie Morgan and John Embery

 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.