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Series Foreword Frederic S. Lee vii
Foreword Anne Mayhew ix
Preface John T. Harvey xi
Acknowledgments xv
Introduction: Pluralism and the Future of Heterodox Economics Robert F. Garnett, Jr. 1
Foundations: Economic Knowledge, Measurement, and Ethics
A Future for Schools of Thought and Pluralism in Heterodox Economics Sheila C. Dow 9
From Outer Circle to Center Stage: The Maturation of Heterodox Economics Neva Goodwin 27
Heterodox Economics, the Fragmentation of the Mainstream, and Embedded Individual Analysis John B. Davis 53
To Be or Not to Be? The Ontic and the Ontological in Economic Inquiry Judith Mehta 73
Heterodox Economics and the Resurrection of Economic Significance Stephen T. Ziliak 95
A Hippocratic Oath for Economists? On the Need for and Content of a Professional Economic Ethics George DeMartino 116
Crisscrossing Paradigms
Quantity and Price Systems: Toward a Framework for Coherence between Post-Keynesian and Sraffian Economics Andrew B. Trigg 127
Defining Social Sustainability: The Political Economy of Social Reproduction Mary King 142
Institutional Economics,Post-Keynesian Economics, and System Dynamics: Three Strands of a Heterodox Braid Michael J. Radzicki 156
Invention, Innovation, Investment: Heterodox Simulation Modeling of Capital Accumulation Jerry Courvisanos Colin Richardson 185
New Political Economies
Catallaxy, Competition, and Twenty-First-Century Capitalism: An Agenda for Economics Steven Horwitz 225
The Lamentable Absence of Power in Mainstream Economic Theory M. Neil Browne J. Kevin Quinn 240
Socialism, Community, and Democracy: A Postmodern Marxian Perspective Antonio Callari David F. Ruccio 262
Hayek, Sen, and Social Justice Theodore Burczak 281
Contributors 307
Name Index 311
Subject Index 315
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Aaron Stillwell
reviewed Future Directions for Heterodox Economics on February 26, 2016
Future Directions for Heterodox Economics
This was a lecture that Russell wrote during the first world war, and thus, contained vital tokens of his political thought along with romantic language he used to encourage. I chose to read this because I am endlessly interested in Russell's critique of BOTH ideologies of conservatism and socialism. In these pages, one can find Russell's explicit denunciation of capitalism and the wage system (as he calls for it to be abolished) as well as his complete disregard for any form social organization resembling anarchy. He makes sweeping phycological observations about human nature (narrowing our desires down as humans to either Possessive vs. Creative) as well as unsubstantiated sociological observations about human interactions. Russell also does not find time to punctuate which institutions he feels are necessary or which aren't which could contribute effectively to his argument. As a statist and a liberal, Russell does little to add to contemporary thought regarding social democracy or welfare state promotion and instead perpetuates thinking along the lines of John Locke and Wilhelm Von Humboldt. The only difference, and its the reason why I love to read anything Russell wrote, is that he uses such beautiful, hopeful language for his visions of a future society. In short but poignant sections, he always finds conclusive sentences to mark this eloquent departure:
"There can be no final goal for human institutions; the best are those that most encourage progress toward others still better. Without effort and change, human life cannot remain good. It is not a finished Utopia that we ought to desire, but a world where imagination and hope are alive and active" (17).
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