Issues In Heterodox Economics

Economists around the world are developing doubts about the principles underlying their craft. They recognize that the methodology of mainstream economics remains largely dependent on a narrow range of mathematical models and econometric techniques that have little bearing on explaining today’s world. Yet they also understand how funding is often contingent on this tightly defined orthodoxy – as is the path to their own career success.

Through a series of cutting-edge articles, Issues in Heterodox Economics addresses these issues and provides a critical analysis of the methodology of mainstream economics and its dependence on mathematical modelling. Through articles from leading international authors a range of non-mainstream topics is discussed – sustainable development, worker control of firms, evolutionary growth theory, and more. The importance of learning from cognate disciplines such as sociology is also discussed. By urging economists to cast aside sterile mathematical formalism and encouraging them to develop the intellectual discipline to tackle issues of true economic importance, editor Donald A.R. George offers a new vision for the future of economics.