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.
1. Consolations For The Economist: The Future Of Economic Orthodoxy: Donald A.R. George.
2. Axiomatization And Formalism In Economics: T.A. Boylan and P.F. O'Gorman.
3. Variety Of Methodological Approach In Economics: Sheila C. Dow.
4. Variations On The Theme Of Conning In Mathematical Economics: K. Vela Velupillai.
5. The Sociological Approach To Financial Markets: Alex Preda.
6. Workers' Savings And The Right To Manage: Donald A.R. George.
7. A New Vision Of The Knowledge Economy: Brian Chi–ang Lin.
8. Evolutionary And New Growth Theories. Are They Converging?: Fulvio Castellacci.
9. Repetition And Financial Incentives In Economics Experiments: Jinkwon Lee.
Donald A.R. George is Senior Lecturer in Economics at the University of Edinburgh. He has been a Jean Monnet Fellow at the European University Institute in Florence, Italy, Visiting Associate Professor of Economics at Queen's University, Canada, and Visiting Professor of Economics at the University of Canterbury, New Zealand. He has published extensively on the economics of self–management, economic dynamics, and the economics of product reliability, and is joint founding editor of the
Journal of Economic Surveys.