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Handbook of Alternative Theories of Economic Development

Handbook of Alternative Theories of Economic Development
Author: Erik S. Reinert
Publisher: Edward Elgar Publishing
Total Pages: 849
Release: 2016-09-28
Genre: Business & Economics
ISBN: 1782544682

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The Handbook of Alternative Theories of Economic Development explores the theories and approaches which, over a prolonged period of time, have existed as viable alternatives to today’s mainstream and neo-classical tenets. With a total of 40 specially commissioned chapters, written by the foremost authorities in their respective fields, this volume represents a landmark in the field of economic development. It elucidates the richness of the alternative and sometimes misunderstood ideas which, in different historical contexts, have proved to be vital to the improvement of the human condition. The subject matter is approached from several complementary perspectives. From a historical angle, the Handbook charts the mercantilist and cameralist theories that emerged from the Renaissance and developed further during the Enlightenment. From a geographical angle, it includes chapters on African, Chinese, Indian, and Muslim approaches to economic development. Different schools are also explored and discussed including nineteenth century US development theory, Marxist, Schumpeterian, Latin American structuralism, regulation theory and world systems theories of development. In addition, the Handbook has chapters on important events and institutions including The League of Nations, The Havana Charter, and UNCTAD, as well as on particularly influential development economists. Contemporary topics such as the role of finance, feminism, the agrarian issue, and ecology and the environment are also covered in depth. This comprehensive Handbook offers an unrivalled review and analysis of alternative and heterodox theories of economic development. It should be read by all serious scholars, teachers and students of development studies, and indeed anyone interested in alternatives to development orthodoxy.


Alternative Approaches to Economic Theory

Alternative Approaches to Economic Theory
Author: Victor A. Beker
Publisher: Routledge
Total Pages: 234
Release: 2019-06-11
Genre: Business & Economics
ISBN: 042966723X

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The 2007–2008 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory, this book contributes to the rebuilding of the discipline. This volume brings together contributions from different perspectives and theoretical approaches that address the challenge of updating the economic theory corpus and seek to recover prestige for this discipline after the failure of neoclassical economics. It addresses a range of topics, including the complexity approach to economics, category theory, the Post-Keynesian approach to micro and macroeconomics, financialisation, multidimensional analysis and ecological economics. The book is aimed at economics scholars, researchers, academics and practitioners, as well as upper undergraduates and graduates in this area of knowledge. It may also be of interest for people interested in methodological issues in economics and the relationship between economic theory and the real world.


Theoretical Approaches to Economic Growth and Development

Theoretical Approaches to Economic Growth and Development
Author: Panagiotis E. Petrakis
Publisher: Springer Nature
Total Pages: 561
Release: 2020-10-27
Genre: Business & Economics
ISBN: 3030500683

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This book provides the theoretical and analytical background critical to understand the process of economic development and growth at the beginning of the 21st century. This book adopts an interdisciplinary approach, using concepts borrowed from related disciplines such as politics, anthropology, psychology, business, and more. The core theme of this book is the argument that different theoretical approaches constitute excellent creative contributions, the study of which is necessary for a complete understanding of development and growth. Thus, this book stands out for its theoretical pluralistic character. The first part of the book provides an introduction to essential methodology terms for the theory of economic development and growth, while the second part outlines important concepts of economic behavior. Part three focuses on the sources of economic growth and their evolution throughout history, and pays special attention to the main theories related to economic growth as well as to the growth and development implications of Covid-19. The book ends with an analysis of international financial architecture and the consolidated financial transaction framework.


The So Called 'Impasse of Development Theory' and the Alternatives Proposed to Move Beyond It

The So Called 'Impasse of Development Theory' and the Alternatives Proposed to Move Beyond It
Author: Cynthia Dittmar
Publisher: GRIN Verlag
Total Pages: 33
Release: 2009-07
Genre: Political Science
ISBN: 3640378652

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Seminar paper from the year 2008 in the subject Politics - International Politics - Topic: Development Politics, grade: distinction, University of Manchester (Institute for Development Policy and Management), course: Perspectives on Development, language: English, abstract: In the mid 1980s development studies experienced a crisis, the often called impasse of de-velopment theory and policy (Schuurmann 1993). The reasons can be found on the level of development thinking and of "real-world changes and problems" (Simon 2003: 6). Devel-opment thinking got stuck in a cul-de-sac as both grand meta-narratives of development the-ory - Modernisation theory and radical Marxist approaches - lost their hegemony: radical alternative theories, based on Marxist and neo-Marxist political economy were discredited by the collapse of socialism. Modernisation theory, based in neoclassical economics did not seem to deliver many benefits as economic growth turned out to produce more ecological, social and economical problems than it solved (ibid.). It became clear that growth and the neo-liberal agenda with its structural adjustment programs (SAP) in the 1980s and 1990s was not necessarily connected to other development goals like employment creation, reduc-tion of inequality and poverty or the provision of basic needs. The acceleration of globalisation and with it the questioning of the nation state as a "trusted point of reference" (Schuurman 2000: 7) of development studies intensified the crisis of de-velopment theory. Moreover new theoretical approaches like feminism, post modernism and post colonialism, and the growing recognition of heterogeneity of the third world, challenged development studies and theory even more (Schuurman 1993). There have been two major reactions to the impasse of development theory and policy. The first reaction was the search for development alternatives with the intention of reforming and redefining the goals of development. The second reaction, post


Rethinking Economic Growth Theory From a Biophysical Perspective

Rethinking Economic Growth Theory From a Biophysical Perspective
Author: Blair Fix
Publisher: Springer
Total Pages: 129
Release: 2014-12-09
Genre: Business & Economics
ISBN: 3319128264

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Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.


Economic Growth and Development

Economic Growth and Development
Author: Hasan Gürak
Publisher: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Total Pages: 0
Release: 2015
Genre: Economic development
ISBN: 9783631660720

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Mainstream economic theories/models which are dominant today only are successful in explaining «a fictional world» and «fictional economic relationships» which are largely based upon unrealistic assumptions. It is high time to produce «new and alternative» theories and models to replace the «parables» of these mainstream ideologies.


Growth, Distribution and Effective Demand: Alternatives to Economic Orthodoxy

Growth, Distribution and Effective Demand: Alternatives to Economic Orthodoxy
Author: George Argyrous
Publisher: Routledge
Total Pages: 374
Release: 2019-06-21
Genre: Business & Economics
ISBN: 1317469348

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Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.


Economics, Culture, and Society

Economics, Culture, and Society
Author: Oscar Nudler
Publisher: Rowman & Littlefield Publishers
Total Pages: 252
Release: 1996
Genre: Business & Economics
ISBN:

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Critics of economic orthodoxy contend that contrary to its claims, economics is only one facet of human existence. The failure to see how it distorts basic human values, moreover, is at the root of the social and environmental problems faced by developed and developing societies. That position underlies the four extended essays in this volume.