New PDF release: A History of Heterodox Economics: Challenging the Mainstream

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By Frederic Lee

ISBN-10: 0415777143

ISBN-13: 9780415777148

Economics is a contested educational self-discipline among neoclassical economics and a set of other techniques, similar to Marxism-radical economics, Institutional economics, submit Keynesian economics, and others, which could jointly be referred to as heterodox economics. a result of dominance of neoclassical economics, the life of the choice ways is mostly now not recognized. This booklet is anxious with the group historical past of heterodox economics, visible essentially in the course of the eyes of Marxian-radical economics and put up Keynesian economics.

Throughout the 20 th century neoclassical economists together with kingdom and college strength have attacked heterodox economists and attempted to cleanse them from the academy. Professor Lee, his groundbreaking new name discusses matters together with the contested panorama of yank economics within the Nineteen Seventies, the emergence and institution of put up Keynesian economics within the US and the advance of heterodox economics in Britain from 1970 to 1996.


'Fred Lee is a world treasure to heterodox economics, and this publication is a treasure chest for heterodox economists, rigorously laying out the place we've got come from and what we're up opposed to. it really is primary analyzing for all of these involved to supply possible choices to an intellectually bankrupt and illiberal mainstream.' -- Ben high-quality (SOAS, college of London, UK)

'Fred Lee has his finger at the pulse of heterodox economics. This publication may be of curiosity to somebody desirous about heterodox economics, its heritage, and its destiny. In documenting the various little-known historical past of heterodox economics within the twentieth century, Fred Lee has created a invaluable paintings that fills a huge hole within the literature.' -- Geoffrey Schneider (Bucknell collage, USA)

'Fred Lee is a passionate and tireless proponent of heterodox economics, either in his organizational and scholarly actions. during this booklet the 2 units of actions come jointly. Lee presents a superb dialogue of the background of heterodox economics in context of the organisations and networks of the economics discipline.' -- Wilfred Dolfsma (Utrecht collage, the Netherlands)

'For many years, Lee has been meticulously documenting the marginalization or even exclusion of heterodox economics within the US and the united kingdom. ultimately, he has prepare his long-awaited, encyclopedic survey of the sector. despite the fact that, this booklet reads good, unlike a dry encyclopedia. Lee provides colour via introducing his reader to some of the students for you to supply a context to their paintings. ... This publication merits the widest attainable movement. ... hugely instructed. -- selection, M. Perelman (California nation college)

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Extra resources for A History of Heterodox Economics: Challenging the Mainstream in the Twentieth Century (Routledge Advances in Heterodox Economics)

Example text

In particular, the marginalism vs. 7 Rather being repositories of “sound opinion,” nearly 90 percent of universities and colleges did not offered various elective courses on socialism, communism, and social reform and reconstruction of industrial society where the theoretical arguments of Marx and George could be critically evaluated. But those 10 percent that did generally had as one purpose of the course to convince students that their theories were wrong. In addition, given the politically charged times, conservative university administrations, business-dominated university trustees, academics, and outsiders attacked liberal and progressive economists, and blacklisted radical economists—but not in all cases.

However, by the late 1870s the discourse (but not theory to the same degree) was beginning to divide along 24 Heterodox economics in the United States political lines. One group of economists believed that unchecked, unregulated economic growth with the accompanying centralization of economic power did not undermine the country’s republican foundations while the second group of economists did think so and therefore advocated government regulation of economic growth. Accompanying the bifurcated discourse in the 1870s were numerous, widespread, and violent strikes, economic depression, growth of cartels and large enterprises, destructive competition, and the awareness of poverty and destitution especially in rapidly growing cities.

17 Thus, one of the objectives of this collection of essays is to bring together this material so heterodox economists are made aware of it and even examine it. ” It is hoped that the reader does take advantage of this and examine the “raw material” for this is probably the best way to become acquainted with the history to which your contemporary activities are connected. There is one final issue about writing the history of heterodox economics and that is the perspective of the storyteller. The essays that follow are told from a variety of perspectives—that of a historian with no first-hand knowledge of stories being told (Chapters 2, 3, 4, and 6); that of a heterodox economist too young to know first hand the early histories of the sub-communities that make up the heterodox community but is well acquainted with their recent histories through participant-observation (Chapters 5 and 7); and finally that of a current participant-observer (Chapters 8–11).

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A History of Heterodox Economics: Challenging the Mainstream in the Twentieth Century (Routledge Advances in Heterodox Economics) by Frederic Lee

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