A Modern Guide to Rethinking Economics

Reviews / Votes

'The recent international student revolt against the unrealistic and apologetic nature of the economic theory that they are being taught has produced a call to ''rethink economics''. In this impressive volume, 21 authors from seven countries on four continents do just that. They set out a convincing case for rethinking the fundamental conclusions and methodological basis of economic theory, the entire range of policy interventions by the State, and the nature of the global economic system and its (non-)regulation. No-one who is interested in the questions of economic growth and development, income distribution and social security, monetary and fiscal policy, the economics of energy and the environment, or the conduct of international trade and finance, can afford to overlook this important book.' -- John King, La Trobe University, Australia 'A great guide to why the economic analysis which dominates textbooks has to be completely rethought to be able to understand the workings of the economy. It shows how that rethinking can be done across a wide range of issues. And provides ways to reformulate economic policies which work in the interests of the general populace.' -- Malcolm Sawyer, University of Leeds, UK 'As the author of Rethinking the Theory of Money, Credit, and Macroeconomics, needless to say I am very much in sympathy with the aims and objectives of this project. The editors have a stellar track record, and once again have recruited a distinguished group of contributors, 21 in all, to comment on each individual topic. Each individual chapter heading contains the word ''rethinking''. Thus we have ''Rethinking Money'' (as with my book), ''Rethinking Income Distribution'', ''Rethinking International Trade'', and so on. The intent is not to present a settled body of doctrine but to promote change on every front.' -- John Smithin, York University, Canada