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Twenty-first-century economists will have to understand and improve a post-Cold War world in which no single economic theory or system holds the key to human betterment. Heterodox economists have much to contribute to this effort, as a wave of pluralism spawns new lines of research and new dialogues among non-mainstream economists. Future Directions for Heterodox Economics showcases a range of contributions to contemporary economic theory and policy, bringing together essays that range from mathematical to philosophical, critical to positive, and pro-market to socialist and making innovative connections between formerly separate theoretical traditions---Marxian, Austrian, feminist, ecological, Sraffian, institutionalist, and post-Keynesian. Unlike any previous collection, this volume shows the surprising extent to which pluralism is engendering controversy, critical dialogue, and innovative new directions within heterodox economics. / "This book provides an excellent sampler of work from the cutting edge of heterodox economics. People looking for fresh ideas about how the discipline can reinvent itself, so as to broaden and modernize its knowledge practices and reprioritize questions of how economic knowledge can be used to promote the common good, will find much of interest in this well-constructed book." ---Martha A. Starr, Professor of Economics, American University, and coeditor of the Review of Social Economy) / "Those interested in recent developments and controversies in non-mainstream economics will find this volume a most welcome addition to the literature. The editors have chosen papers wisely, selecting those that allow both initiates and more seasoned individuals a good introduction to the nature and range of heterodox economics, the issues that constitute the basis of ongoing debate among economists of these stripes, and the arguments that have been developed to support pleas for a pluralist or a monist path of development."---John F. Henry, Department of Economics, University of Missouri.

 

 

 

 

 

 

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Introduction: Pluralism and the Future of Heterodox Economics

Robert FGarnett, Jr

Foundations: Economic Knowledge, Measurement, and Ethics

Chapter 1A Future for Schools of Thought and Pluralism in Heterodox Economics

Sheila CDow

Chapter 2From Outer Circle to Center Stage: The Maturation of Heterodox Economics

Neva Goodwin

Chapter 3Heterodox Economics, the Fragmentation of the Mainstream, and Embedded

Individual Analysis

John BDavis

Chapter 4To Be or Not to Be? The Ontic and the Ontological in Economic Inquiry

Judith Mehta

Chapter 5Heterodox Economics and the Resurrection of Economic Significance

Stephen TZiliak

Chapter 6A Hippocratic Oath for Economists? On the Need for and Content of a Professional

Economic Ethics

George DeMartino

Crisscrossing Paradigms

Chapter 7Quantity and Price Systems: Toward a Framework for Coherence between Post-

Keynesian and Sraffian Economics

Andrew BTrigg

Chapter 8Defining Social Sustainability: The Political Economy of Social Reproduction

Mary King

Chapter 9Institutional Economics, Post-Keynesian Economics, and System Dynamics: Three

Strands of a Heterodox Braid

Michael JRadzicki

Chapter 10Invention, Innovation, Investment: Heterodox Simulation Modeling of Capital

Accumulation

Jerry Courvisanos and Colin Richardson

New Political Economies

Chapter 11Catallaxy, Competition, and Twenty-First-Century Capitalism: An Agenda for

Economics

Steven Horwitz

Chapter 12The Lamentable Absence of Power in Mainstream Economic Theory

MNeil Browne and JKevin Quinn

Chapter 13Socialism, Community, and Democracy: A Postmodern Marxian Perspective

Antonio Callari and David FRuccio

Chapter 14Hayek, Sen, and Social Justice

Theodore Burczak

Contributors