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Introducing a New Economics

Introducing a New Economics

Jack Reardon | Maria Alejandra Caporale Madi | Molly Scott Cato

(2017)

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Book Details

Abstract

Introducing a New Economics is a groundbreaking textbook that heralds a revolution in the teaching of economics. Students and lecturers alike are rejecting the narrow curricula and lack of intellectual diversity that characterise the mainstream. They demand that the real world should be brought back into the classroom, insisting that this is the only way to confront the current crisis.

With a firm commitment to theoretical, methodological and disciplinary pluralism, the renowned authors of this book challenge the current hegemony head-on. This unique textbook reflects a new ethos of economics education, highlighting sustainability and justice in its discussion of work, employment, power, capital, markets, money and debt.

This volume is a work of progressive, heterodox economics that will set the standard for years to come.

'There will be an increasing demand for books like this'
Richard Wilkinson, co-author of The Spirit Level
'The only economics text that can help students make sense of today's world of ongoing economic and ecological crises'
Steve Keen, author of Debunking Economics

Table of Contents

Section Title Page Action Price
Cover Cover
Contents v
List of Boxes, Figures and Tables xiii
Acknowledgements xvi
Preface xvii
1. Introducing Economics with a Judicious Mix of Pluralism, Sustainability and Justice 1
2. Knowledge and the Construction of Economic Models 23
3. Sustainability, Resources and the Environment 40
4. Power and the Distribution of Resources 59
5. Inequality, Poverty and Disempowerment 73
6. Livelihoods and Work 92
7. Unemployment and Employment 118
8. Money 139
9. Economic Value 153
10. Firms, Industries and Markets 167
11. Economic Democracy 184
12. Economic Governance 199
13. Consumption, Investment and Savings 228
14. Recessions and Financial Crises 250
15. Justice, Political Economy, Global Development and Governance 271
16. Trade, Exchange Rates and the Balance of Payments 295
17. Contemporary Global Economic and Financial Trends 317
18. Which Way Forward? 329
Bibliography 337
Subject Index 355
Author Index 363