Routledge Frontiers of Political Economy
About the Book Series
In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.
The Global Free Trade Error: The Infeasibility of Ricardo�s Comparative Advantage Theory
1st Edition
By Ron Baiman
December 12, 2019
The doctrine of "free trade" is second only to that of "free markets" in undergirding ideological support for our current global economic structures and rules. From David Ricardo’s "comparative advantage principle" to James Meade’s Neoclassical or mainstream economics proof of self-adjusting free ...
The Political Economy of Trade Finance: Export Credit Agencies, the Paris Club and the IMF
1st Edition
By Pamela Blackmon
December 12, 2019
Export Credit Agencies provide insurance and guarantees to domestic firms in the event that payment is not received from an importer. Thus, ECAs reduce uncertainties domestic firms face in exporting their goods. Most countries have ECAs that operate as official or quasi-official branches of their ...
The Origins of Capitalism as a Social System: The Prevalence of an Aleatory Encounter
1st Edition
By John Milios
December 05, 2019
Economists, historians and social scientists have offered a variety of conflicting answers to the issue of the beginnings of capitalism and these deviating answers imply different conceptualizations of what capitalism actually is. This book provides a simultaneous inquiry into the origins of ...
The Economic Theory of Costs: Foundations and New Directions
1st Edition
Edited
By Matthew McCaffrey
August 08, 2019
The theory of costs is a cornerstone of economic thinking, and figures crucially in the study of human action and society. From the first day of a principles-level course to the most advanced academic literature, costs play a vital role in virtually all behaviors and economic outcomes. How we make ...
The Political Economy of Emerging Markets: Varieties of BRICS in the Age of Global Crises and Austerity
1st Edition
Edited
By Richard Westra
August 08, 2019
Rapid and sustained growth in the twenty-first-century global economy of large developing economies including Brazil, Russia, India, China, and South Africa, has captivated policy-makers and popular business press pundits alike. The coining of the new acronym BRICS and widespread adoption in ...
Varieties of Alternative Economic Systems: Practical Utopias for an Age of Global Crisis and Austerity
1st Edition
Edited
By Richard Westra, Robert Albritton, Seongjin Jeong
August 08, 2019
In this age of overlapping and mutually reinforcing deep global crises (financial convulsions, global warming, mass migrations, militarism, inequality, selfish nation-states, etc.), there needs to be more realistic dialogue about radical alternatives to the status quo. Most literature produced ...
Economics and Power: A Marxist Critique
1st Edition
By Giulio Palermo
July 29, 2019
In the economic debate, power is defined and studied mainly as an interpersonal relation occurring out of perfect competition. This is a consequence of the combination of methodological individualism and the assumption of competition as a natural and everlasting coordinating mechanism, operating ...
Money as a Social Institution: The Institutional Development of Capitalism
1st Edition
By Ann Davis
April 18, 2019
Money is usually understood as a valuable object, the value of which is attributed to it by its users and which other users recognize. It serves to link disparate institutions, providing a disguised whole and prime tool for the “invisible hand” of the market. This book offers an interpretation of ...
Heterodox Islamic Economics: The emergence of an ethico-economic theory
1st Edition
By Masudul Alam Choudhury, Ishaq Bhatti
January 07, 2019
The fields of morality and ethics have been left out significantly from socio-scientific study in general and in economics and finance in particular. Yet this book argues that in this age of post-modernist analytical inquiry, the study of morality and ethics is an epistemological requirement. This ...
The Social Construction of Rationality: Policy Debates and the Power of Good Reasons
1st Edition
By Onno Bouwmeester
October 18, 2018
There are many different forms of rationality. In current economic discourse the main focus is on instrumental rationality and optimizing, while organization scholars, behavioural economists and policy scientists focus more on bounded rationality and satisficing. The interplay with value ...
Of Synthetic Finance: Three Essays of Speculative Materialism
1st Edition
By Benjamin Lozano
September 18, 2018
Synthetic finance revolutionizes materialism such that we can now create wealth in the process of universally distributing it. While financial innovation in global capitalism provided the conditions for the 2008 financial crisis, it has also engineered a set of financial technologies with universal...
Capitalism and the Political Economy of Work Time
1st Edition
By Christoph Hermann
August 23, 2018
John Maynard Keynes expected that around the year 2030 people would only work 15 hours a week. In the mid-1960s, Jean Fourastié still anticipated the introduction of the 30-hour week in the year 2000, when productivity would continue to grow at an established pace. Productivity growth slowed down ...