Post-Crash Economics: Plurality and Heterodox Ideas in Teaching and Research

ISBN-13: 9783319658544 / Angielski / Twarda / 2017 / 265 str.

Omar Feraboli; Carlo J. Morelli

Opis

This book demonstrates the continuing relevance of economics for understanding the world, through a restatement of the importance of plurality and heterodox ideas for teaching and research. The chapters in this book provide examples to demonstrate the importance of pluralistic and heterodox ideas from across the breadth of economics.

Spis treści

Chapter 1. Introduction: The Financial Crash and Post-Crash Economics
Omar Feraboli and Carlo J. Morelli

Chapter 2. Student Reflections and Post-Crash Economics
Omar Feraboli

Part I. Problems in Business Economics

Chapter 3. Business Strategy, Economic Crisis and the Theory of the Firm
Carlo J. Morelli

Chapter 4. History of Contemporary Economic Thought: Radical Economics, Marxist Economics and Marx’s Economics
Jane Hardy

Part II. Problems in Micro Economics

Chapter 5. Applying Principles of Action Learning in Undergraduate Economics
Robbie Mochrie 

Chapter 6. Conceptual Fossils: Why do we Keep Teaching Irrelevant Ideas in First Year Economics?
Martin Jones

Chapter 7. The Present State of Economics: Errors and Omissions Excepted
Dirk H. Ehnts and Fritz Helmedag

Chapter 8. Teaching with Historical Perspectives: The Case of Development Economics
Daniela Tavasci

Part III. Problems in Financial Economics

Chapter 9. Teaching Reciprocity as the Foundation of Financial Economics
Timothy Johnson 

Chapter 10. A Critical Approach to Teaching Financial Economics
Luigi Ventimiglia

Index

O autorze

Omar Feraboli is Lecturer in Economics at the University of Dundee, UK. His main fields of research are international finance and international trade, in particular applied computable general equilibrium (CGE) models and trade policy issues.

Carlo J. Morelli is Senior Lecturer in Economics at the University of Dundee, UK, and has published work in economic and business history. His recent work includes studies of economic transformation, the management of decline in the jute industry and the food retailing industry.

Blurb

This book demonstrates the continuing relevance of economics for understanding the world, through a restatement of the importance of plurality and heterodox ideas for teaching and research. The Great Financial Crash of 2007–8 gave rise to a widespread critique of economics for its inability to explain the most significant economic event since the 1930s. The current straightjacket of neo-classical undergraduate economic teaching and research hinders students’ understanding of the world they live in. The chapters in this book provide examples to demonstrate the importance of pluralistic and heterodox ideas from across the breadth of economics. The authors’ plurality of approach is indicative of the fact that economics is a much broader discipline than the dominant neo-classical orthodoxy would suggest. This volume provides undergraduate students with a range of alternative ideas and university lecturers with examples whereby the curricula have been broadened to include pluralist and heterodox ideas.

The quest for a rethinking of the university Economics curriculum has produced a lively and dynamic literature. This book goes further than others by exploring how heterodox approaches would enrich the syllabus not only in micro and macro economics but also in business, development and financial economics. It also considers approaches for engaging students with the Economics discipline. This book is essential for scholars and instructors who advocate a new curriculum if Economics is to be relevant for the real world.

___Alberto Paloni, University of Glasgow