This book is an authoritative and accessible guide to the
pluralist movement threatening to revolutionize mainstream
economics. Leading figures in the field explain why pluralism is a
required virtue in economics, how it came to be blocked and what it
means for the way we think about, research and teach economics. The
first part of the book looks at how neoclassical economics gained
its stranglehold, particularly in the United States, and how the
social and intellectual underpinnings of economics have enabled it
to maintain this in the face of inconsistent evidence from the real
world. This is then contrasted with different approaches to
pluralism. "Pluralist Economics" then goes on to address the array
of arguments for establishing pluralism, showing how economics came
to function as a concealed ideology and not as a science, and how
value-free economics is an illusion. Finally, it addresses the
practical problems presented by this different way of doing
economics.
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