In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.
Edited
By Luis Cárdenas, Javier Arribas
August 30, 2024
Applying the demand-led growth models framework, this book examines the recent macroeconomic performance of the key Mediterranean economies - Italy, Spain, Portugal and Greece - including the responses to the economic and financial crisis (2008), the debt crisis (2010) and the Covid-19 crisis (2020...
By Anne Isla
August 06, 2024
Bernard Maris was killed in Paris on January 7, 2015, during the terrorist attack against the satirical magazine Charlie Hebdo. He remains one of the most original intellectuals of contemporary France but despite being a uniquely original heterodox thinker, his international reputation has been ...
By Richard Westra
August 02, 2024
It has become clear that instead of constituting the end of history or ending in its supplanting by socialism, capitalism has been outpaced by history and transmuted into something else. In this book, Westra explores the literature on the current state of capitalism ranging from questions of ...
Edited
By Mats Lundahl, Daniel Rauhut, Neelambar Hatti
August 01, 2024
Inequalities of opportunity affect a person’s life expectancy, access to basic services and human rights, through discrimination, abuse and lack of access to justice. High levels of inequality of opportunity discourage skill accumulation, choke economic and social mobility and, consequently, ...
By Angel Asensio
July 08, 2024
Both Keynes’s General Theory and orthodox economics seek to understand how competitive markets work, but they diverge sharply with respect to the nature and properties of the competitive equilibrium. The reason, as Keynes himself pointed out, is that the General Theory recognizes that the future ...
By Nikolaos Chatzarakis, Persefoni Tsaliki, Lefteris Tsoulfidis
June 03, 2024
Contemporary capitalism is characterized by periods of vigorous economic growth and periods of slow or even negative growth. This book draws on the classical political economy approach to consider both economic cycles and economic growth and draw conclusions about the inherent instability of the ...
By Hwan Joo Seo, Sung Jin Kang
June 03, 2024
This book examines why democracy has failed to deliver effective solutions to income inequality problems over the last four decades, and if democracy can offer solutions to various increases in inequality in the future. It also addresses what elements are necessary for democracy to serve as an ...
By Adalmir Antonio Marquetti, Alessandro Miebach, Henrique Morrone
June 03, 2024
Unequal development has been a defining characteristic of capitalism. Throughout history, countries and regions have exhibited differences in labor productivity growth – a key determinant in poverty reduction and development – and although some nations may catch up with the productivity ...
By Wm. Dennis Huber
January 29, 2024
Ever since Marx, the future of capitalism has been fiercely debated. Marx and his followers predicted capitalism will end by violent overthrow, while others prophesied its demise will be the result of collapsing under its own weight. Still others argue that capitalism will not only continue to ...
By Victor A. Beker
January 29, 2024
In the work of most classical economists – including Smith and Keynes – theory was often embedded in application. But from the second half of the last century on, mainstream economics styled itself as "pure" economics, where the theory is presented in a very abstract form detached from any ...
By Raju J Das
January 29, 2024
Marx’s Capital, Capitalism and Limits to the State examines the capitalist state in the abstract, and as it exists in advanced capitalism and peripheral capitalism, illustrating the ideas with evidence from the North and the South. The volume unpacks the capitalist state’s functions in relation to...
By Taner Akan, Halil İbrahim Gündüz
January 05, 2024
This book introduces a new and original analytic approach to defining, understanding, and explaining financialization. It provides a precise and quantifiable definition of financialization, disaggregating financialization into its three varieties. These are examined through the lens of financial ...