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ROUTLEDGE ADVANCES IN HETERODOX ECONOMICS
Frederic S. Lee, Series Editor
University of Missouri-Kansas City
E-mail: [email protected]
Routledge Advances in Heterodox Economics seeks to promote new streams of heterodox
thinking (or fresh confluences among the existing paradigms of Austrian, Feminist, InstitutionalEvolutionary, Marxian, Post Keynesian, Radical, Social, and Sraffian economics) in economic
theory, policy, philosophy, intellectual history, institutional history, and pedagogy. This
includes (but is not limited to) books in the following areas:

The synthesis of two or more heterodox theories in the general fields of microeconomics and
macroeconomics, or in specialized fields such as ecological or development economics

The history or philosophy of heterodox economics, including intellectual biographies or
histories of theoretical controversies, past and present

The development of novel heterodox theories, such as a feminist theory of international trade

Heterodox approaches to economic education

Anthologies of heterodox work in a specific field or area
If you have a project that might be appropriate for this series, even if it doesn’t fit any of these
categories, please contact Fred Lee ([email protected]) to explore it. The key criterion, always, is
how well the project promises to advance heterodox economics in light of the aforementioned
aims.
So far there are nine books published in the series (when it was at University of Michigan Press)
and currently under Routledge, with four more to be published in the next six months.
Are Workers Rights Human Rights?
By Richard P. McIntyre
http://www.press.umich.edu/titleDetailDesc.do?id=189253
The movement's victories since WWII have come at a cost, however. The emphasis on
individual rights erodes collective rights—the rights that disadvantaged peoples need to assert
their most basic human rights. This is particularly true for workers, McIntyre argues. By
reintroducing Marxian and Institutional analysis, he reveals the class relations and power
structures that determine the position of workers in the global economy. The best hope for
achieving workers' rights, he concludes, lies in grassroots labor organizations that claim the right
of association and collective bargaining. At last, an economist offers a vision for human rights
that takes both moral questions and class relations seriously.
Economics in Real Time
A Theoretical Reconstruction
By John McDermott
http://www.press.umich.edu/titleDetailDesc.do?id=17693
This book offers a new model for contemporary economic behavior that accounts for changes
since neoclassical and Marxian microeconomics were formulated over a century ago. By
incorporating real time into the analysis of sales and purchases, the phenomena of product
innovation, advertising and distribution, the provision of consumer credit, and, ultimately, the
production of a changing workforce all become intrinsic to microeconomic analysis rather than
being treated as extraneous to fundamental theory.
Economics in Real Time transforms the analysis of contemporary sales and purchases. In
mainstream economics the series of purchases, say, of a personal computer, then of software
upgrades, peripherals, on-line services, and even support services are analyzed as discrete,
essentially unrelated transactions. However counterintuitive, this approach is theoretically
necessary to sustain the free-market narrative, its price and general equilibrium theories, and its
efficiency and welfare theorems. Economics in Real Time instead links such related purchases
within what is called a "sale/purchase state" occupying the time interval that begins with the
initial purchase of the PC and ends only when all of the PC's services have been exchanged to
the buyer. Under this analysis, typical contemporary sale/purchase states, as for automobiles,
benefit plans, and electronic goods, place the purchaser in continuing, often dependent
relationships to multiple sellers, at least some of which were not even overt partners to the initial
purchase. Moreover they typically impose a continuing stream of expenditures upon the
purchaser, as for automobile upkeep or music CDs, and so forth. Economics in Real Time
analyzes a contemporary economy as shaped in both its narrowly economic and broadly social
features by these sale/purchase states. It draws a radically different picture of its terrain,
challenging at the most fundamental level both the relevance and the theoretical warrant of the
free-market conception.
Future Directions for Heterodox Economics
John T. Harvey and Robert F. Garnett, Jr., Editors
A comprehensive survey of the current state—and future direction—of heterodox economic
thought
http://www.press.umich.edu/titleDetailDesc.do?id=171896
Twenty-first-century economists will have to understand and improve a post-Cold War world in
which no single economic theory or system holds the key to human betterment. Heterodox
economists have much to contribute to this effort, as a wave of pluralism spawns new lines of
research and new dialogues among non-mainstream economists. Future Directions for
Heterodox Economics showcases a range of contributions to contemporary economic theory and
policy, bringing together essays that range from mathematical to philosophical, critical to
positive, and pro-market to socialist and making innovative connections between formerly
separate theoretical traditions—Marxian, Austrian, feminist, ecological, Sraffian, institutionalist,
and post-Keynesian. Unlike any previous collection, this volume shows the surprising extent to
which pluralism is engendering controversy, critical dialogue, and innovative new directions
within heterodox economics.
Liberating Economics: Feminist Perspectives on Families,
Work, and Globalization
Drucilla K. Barker and Susan F. Feiner
http://www.press.umich.edu/titleDetailDesc.do?id=11867
Named a Choice Outstanding Academic Title
The first accessible book to offer a feminist analysis of economic relationships illuminates
the role of gender in contemporary economic life.
Liberating Economics draws on central concepts from women's studies scholarship to construct a
feminist understanding of the economic roles of families, caring labor, motherhood, paid and
unpaid labor, poverty, the feminization of labor, and the consequences of globalization. Barker
and Feiner consistently recognize the importance of social location—gender, race, class, sexual
identity, and nationality—in economic processes shaping the home, paid employment, market
relations, and the global economy. Throughout they connect women's economic status in the
industrialized nations to the economic circumstances surrounding women in the global South.
Rooted in the two disciplines, this book draws on the rich tradition of interdisciplinary work in
feminist social science scholarship to construct a parallel between the notions that the "personal
is political" and "the personal is economic."
Socialism after Hayek
Theodore A. Burczak
http://www.press.umich.edu/titleDetailDesc.do?id=93585
Develops an ethical and economically feasible model of socialism, based on a novel
synthesis of Hayekian market process theory, Marxian class theory, and an Aristotelian
theory of justice
Socialism after Hayek reinvigorates the socialist quest for class justice by rendering it compatible
with the social and economic theories of F. A. Hayek. Theodore A. Burczak advances a new
vision of socialism that avoids Hayek's criticisms of centrally planned socialism while adhering
to a socialist conception of distributive justice and Marx's notion of freely associated labor. In
contrast to the socialist models of John Roemer, Michael Albert, and Robin Hahnel, Burczak
envisions a "free market socialism" in which privately owned firms are run democratically by
workers, and governments engage in ongoing redistributions of wealth to support human
development, yet markets are otherwise unregulated.
Radical Economics and Labour
Edited by Frederic Lee, Jon Bekken
Routledge Advances in Heterodox Economics
http://www.routledge-ny.com/books/Radical-Economics-and-Labour-isbn9780415777230
List Price: $140.00
To celebrate the centenary of the most radical union in North America - The Industrial Workers
of the World - this collection examines radical economics and the labor movement in the 20th
Century. The union advocates direct action to raise wages and increase job control, and it
envisions the eventual abolition of capitalism and the wage system through the general strike.
The contributors to this volume speak both to economists and to those in the labor movement,
and point to fruitful ways in which these radical heterodox traditions have engaged and continue
to engage each other and with the labor movement. In view of the current crisis of organized
labor and the beleaguered state of the working class—phenomena which are global in scope—
the book is both timely and important. Representing a significant contribution to the nonmainstream literature on labor economics, the book reactivates a marginalized analytical
tradition which can shed a great deal of light on the origins and evolution of the difficulties
confronting workers throughout the world. This volume will be of most interest to students and
scholars of heterodox economics, those involved with or researching The Industrial Workers of
the World, as well as anyone interested in the more radical side of unions, anarchism and labor
organizations in an economic context.
A History of Heterodox Economics: Challenging the mainstream in the twentieth century
By Frederic Lee
http://www.routledgeeconomics.com/books/A-History-of-Heterodox-Economicsisbn9780415777148
Price: $150.00
Economics is a contested academic discipline between neoclassical economics and a collection
of alternative approaches, such as Marxism-radical economics, Institutional economics, Post
Keynesian economics, and others, that can collectively be called heterodox economics. Because
of the dominance of neoclassical economics, the existence of the alternative approaches is
generally not known. This book is concerned with the community history of heterodox
economics, seen primarily through the eyes of Marxian-radical economics and Post Keynesian
economics. Throughout the 20th century neoclassical economists in conjunction with state and
university power have attacked heterodox economists and tried to cleanse them from the
academy. Professor Lee, his groundbreaking new title discusses issues including the contested
landscape of American economics in the 1970s, the emergence and establishment of Post
Keynesian economics in the US and the development of heterodox economics in Britain from
1970 to 1996.
Currencies, Capital Flows and Crises: A post Keynesian analysis of exchange rate
determination
By John T Harvey
Series: Routledge Advances in Heterodox Economics
http://www.routledge-ny.com/books/Currencies-Capital-Flows-and-Crisesisbn9780415777636
List Price: $125.00
Breaking from conventional wisdom, this book provides an explanation of exchange rates based
on the premise that it is financial capital flows and not international trade that represents the
driving force behind currency movements. John T. Harvey combines analyses rooted in the
scholarly traditions of John Maynard Keynes and Thorstein Veblen with that of modern
psychology to produce a set of new theories to explain international monetary economics,
including not only exchange rates but also world financial crises. In the book, the traditional
approach is reviewed and critiqued and the alternative is then built by studying the psychology of
the market and balance of payments questions. The central model has at its core Keynes’ analysis
of the macroeconomy and it assumes neither full employment nor balanced trade over the short
or long run. Market participants’ mental model, which they use to forecast future exchange rate
movements, is specified and integrated into the explanation. A separate but related discussion of
currency crises shows that three distinct tension points emerge in booming economies, any one
of which can break and signal the collapse. Each of the models is compared to post-Bretton
Woods history and the reader is shown exactly how various shifts and adjustments on the graphs
can explain the dollar’s ups and downs and the Mexican (1994) and Asian (1997) crises.
Ontology and Economics: Tony Lawson and His Critics
Edited by Edward Fullbrook
Series: Routledge Advances in Heterodox Economics
http://www.routledge-ny.com/books/Ontology-and-Economics-isbn9780415476133
List Price: $150.00
This original book brings together some of the world's leading critics of economics orthodoxy to
debate Lawson's contribution to the economics literature. The debate centres on ontology, which
means enquiry into the nature of what exists, and in this collection scholars such as Bruce
Caldwell, John Davis and Geoffrey Hodgson present their thoughtful criticisms of Lawson's
work while Lawson himself presents his reactions. Of course many social scientists disagree with
him, but Lawson’s arguments are so powerful that few economists now feel that his case can be
ignored. Bringing Lawson head-to-head with eleven of his most capable critics, this is a book of
intellectual drama. More than that, it is a collection of fine minds interacting with each other and
being changed by the process. This book is particularly useful for students and researchers
concerned primarily with methodology and future development of economics. It is also relevant
to the concerns of philosophers of science and to all social scientists interested in methodological
issues.