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Reclaiming Pluralism in Economics : Essays in Honour of John E. King (Hardcover)
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This book aims to provide a clear path for pluralism to serve the economics discipline as its standard bearer, and to no longer be merely a heterodox challenge to the mainstream. The starting point for this refocusing of heterodoxy in economics is its own pluralist history of economic thought, for it is a particular perspective of this history that has shaped current mainstream economic theory and enforced a certain path of economic policy and economic development. Embedded deeply in the study of the history of economic thought are inspiring critiques of the monolithic orthodoxy of mainstream economics. It is through such critiques, arising out of the re-examination of past economic theories, that advances in the way forward to a new economics paradigm can be secured. Thus, the adoption of any new economics paradigm needs to be grounded in a pluralist dimension of political economy.
Heartened by this existing broad heterodoxy, this book gathers together leading experts in specific areas of heterodoxy inquiry; including labour history, Marxism, economic philosophy, Post Keynesian economics, behavioural theory, Schumpeterian perspective, and the political economy of economics within academia. Each chapter in this book re-examines one aspect of the history of economic thought and then identifies paths of enquiry that can lead to a robust heterodox and pluralist view of the way capitalist economies function. This book aims to be a state-of-the-art collection of readings that opens up directions to critically understand today’s economies from the sound basis of past economic thought.