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Despite the important methodological critiques of the mainstream
offered by heterodox economics, the dominant research method taught
in heterodox programmes remains econometrics. This compelling
handbook provides a comprehensive introduction to a range of
alternative research methods, invaluable for analyzing the data
prominent in heterodox studies. Providing a solid basis for a mixed
methods approach to economic investigations, the expertly crafted
contributions are split into three distinct sections: philosophical
foundation and research strategy, research methods and data
collection, and applications. Introductions to a host of invaluable
methods such as survey, historical, ethnographic, experimental and
mixed approaches, together with factor, cluster, complex, and
social network analytics are complemented by descriptions of
applications in practice. Practical and expansive, this handbook is
highly pertinent for students and scholars of economics,
particularly those dedicated to heterodox approaches, as it
provides a solid reference for mixed methods not available in
mainstream economics research methods courses. Contributors: V.
Adams, S. Austen, A. Basole, M. Bewley, N. Bracarense, T.
Cardao-Pito, Z.B. Catanzarite, L. Chester, J.F. Cogliano, B.
Cronin, B. Davidson, C.D. Deere, P. Downward, A. Gezici, G.C. Gu,
T. Jefferson, X. Jiang, A.R. Johnson, T.E. Lambert, F.S. Lee, G.
Lewin, N.O. Martins, A. Mearman, M. Meurs, J. Morgan, J.K. Moudud,
J. Munoz, M.J. Murray, R. Ong, L. Pickbourn, S. Ramnarain, S.K.
Schroeder, R. Sharp, R. Szostack, G. Zezza
Despite the important methodological critiques of the mainstream
offered by heterodox economics, the dominant research method taught
in heterodox programmes remains econometrics. This compelling
handbook provides a comprehensive introduction to a range of
alternative research methods, invaluable for analyzing the data
prominent in heterodox studies. Providing a solid basis for a mixed
methods approach to economic investigations, the expertly crafted
contributions are split into three distinct sections: philosophical
foundation and research strategy, research methods and data
collection, and applications. Introductions to a host of invaluable
methods such as survey, historical, ethnographic, experimental and
mixed approaches, together with factor, cluster, complex, and
social network analytics are complemented by descriptions of
applications in practice. Practical and expansive, this handbook is
highly pertinent for students and scholars of economics,
particularly those dedicated to heterodox approaches, as it
provides a solid reference for mixed methods not available in
mainstream economics research methods courses. Contributors: V.
Adams, S. Austen, A. Basole, M. Bewley, N. Bracarense, T.
Cardao-Pito, Z.B. Catanzarite, L. Chester, J.F. Cogliano, B.
Cronin, B. Davidson, C.D. Deere, P. Downward, A. Gezici, G.C. Gu,
T. Jefferson, X. Jiang, A.R. Johnson, T.E. Lambert, F.S. Lee, G.
Lewin, N.O. Martins, A. Mearman, M. Meurs, J. Morgan, J.K. Moudud,
J. Munoz, M.J. Murray, R. Ong, L. Pickbourn, S. Ramnarain, S.K.
Schroeder, R. Sharp, R. Szostack, G. Zezza
Microeconomic Theory: A Heterodox Approach develops a heterodox
economic theory that explains the economy as the social
provisioning process at the micro level. Heterodox microeconomics
explores the economy with a focus on its constituent parts and
their reproduction and recurrence, their integration qua
interdependency by non-market and market arrangements and
institutions, and how the system works as a whole. This book deals
with three theoretical concerns. Due to the significance of the
price mechanism to mainstream economics, a theoretical concern of
the book is the business enterprise, markets, demand, and pricing.
Also, since heterodox economists see private investment,
consumption and government expenditures as the principal directors
and drivers of economic activity, a second theoretical concern is
business decision-making processes regarding investment and
production, government expenditure decisions, the financing of
investment, the profit mark-up and the wage rate, and taxes.
Finally, the third theoretical concern of the book is the
delineation of a non-equilibrium disaggregated price-output model
of the social provisioning process. This book explores the
integration of these various theories with a theoretical model of
the economy and how this forms a theory that can be identified as
heterodox microeconomics. It will be of interest to both
postgraduates and researchers.
Series Information: Frontiers of Political Economy
P.W.S. Andrews was a pioneer of fieldwork-based analysis of the
behaviour of firms and of the normal cost/mark-up approach to
pricing in oligopolistic markets, as well as a significant
participant in debates about competition policy during the 1950s
and 1960s. This important book includes essays and papers which are
central to an understanding of Andrews's work. The Economics of
Competitive Enterprise commences with an example of his case study
work and continues with chapters on costs and price setting,
theories of the firm and competitive analysis, investment behaviour
and aspects of competition in retail trade as well as essays on the
methodology of industrial economics. Including previously
unpublished material, such as a critique of the development of
price theory and significant correspondence between Andrews and
other leading economists, this volume offers a remarkable insight
into the process of economic discourse since 1945. In addition to a
full bibliography, the book also includes an extensive introductory
essay by Frederic Lee as well as an epilogue by Peter Earl on the
legacy of Andrews's industrial economics. This book will be of
interest to a wide range of readers in economics departments and
business schools, including microeconomic analysts, industrial
economists, historians of economic thought and marketing theorists.
Post-Keynesian and heterodox economics challenge the mainstream
economics theories that dominate the teaching at universities and
government economic policies. And it was these latter theories that
helped to cause the great depression the United States and the rest
of the world is in. However, most economists and the top 1% do not
want mainstream theories challenged-for to do so would mean
questioning why and how the 1% got where they are. Therefore,
numerous efforts have been and are being made to discredit if not
suppress Post-Keynesian and heterodox economics. These efforts have
had some success; this book is a response to them.
This book makes it clear that Post Keynesian/heterodox economics
is, in spite of internal problems, a viable and important approach
to economics and that it should resist the attempts of the critics
to bury it. The reader will also find arguments that directly
engage the critics and suggest that their views/criticisms are
vacuous and wrong. As such, this will appeal to all who are
interested in economic theory, economic history and who believe in
challenging the orthodoxy.
Post-Keynesian and heterodox economics challenge the mainstream
economics theories that dominate the teaching at universities and
government economic policies. And it was these latter theories that
helped to cause the great depression the United States and the rest
of the world is in. However, most economists and the top 1% do not
want mainstream theories challenged-for to do so would mean
questioning why and how the 1% got where they are. Therefore,
numerous efforts have been and are being made to discredit if not
suppress Post-Keynesian and heterodox economics. These efforts have
had some success; this book is a response to them. This book makes
it clear that Post Keynesian/heterodox economics is, in spite of
internal problems, a viable and important approach to economics and
that it should resist the attempts of the critics to bury it. The
reader will also find arguments that directly engage the critics
and suggest that their views/criticisms are vacuous and wrong. As
such, this will appeal to all who are interested in economic
theory, economic history and who believe in challenging the
orthodoxy.
Frederic Lee sets out the foundations of a post-Keynesian price
theory through developing an empirically grounded production
schema. The administered, normal cost and mark-up price doctrines
are explained in parts I-III of the book, as many of their
theoretical arguments are important for developing the foundations.
This involves discussing the work of Gardiner Means, Philip
Andrews, and Michal Kalecki as well as the developers of the
doctrines, such as Edwin Nourse, Paolo Sylos Labini, Harry Edwards,
Josef Steindl and Alfred Eisner. Drawing upon the arguments and
formal modelling offered by the doctrines, in conjunction with
empirical evidence from one hundred studies on pricing and
production, Dr Lee develops an empirically grounded pricing model
and production schema. He argues that the model and the schema
together constitute the foundations for post-Keynesian price
theory.
Frederic Lee sets out the foundations of a post-Keynesian price
theory through developing an empirically grounded production
schema. The administered, normal cost and mark-up price doctrines
are explained in parts I-III of the book, as many of their
theoretical arguments are important for developing the foundations.
This involves discussing the work of Gardiner Means, Philip
Andrews, and Michal Kalecki as well as the developers of the
doctrines, such as Edwin Nourse, Paolo Sylos Labini, Harry Edwards,
Josef Steindl and Alfred Eisner. Drawing upon the arguments and
formal modelling offered by the doctrines, in conjunction with
empirical evidence from one hundred studies on pricing and
production, Dr Lee develops an empirically grounded pricing model
and production schema. He argues that the model and the schema
together constitute the foundations for post-Keynesian price
theory.
This book challenges the view that using SSCI journal citations
(especially its impact factor score) and peer review/evaluation are
the best ways (in that they are the most objective ways) to
evaluate economic research. * First extensive ranking of heterodox
economics journals * First ranking of mainstream and heterodox
journals * Ranking of mainstream and heterodox graduate programs in
the US * Impact of national research assessment exercises on
heterodox economics in Italy and Australia * Use of social network
analysis to examine the diffusion of heterodox economicsCritique of
the use of citation metrics and heterodox economics; Social Science
Citation Index with respect to economics is deliberately biased in
favour of mainstream journals
This Is A New Release Of The Original 1909 Edition.
This scarce antiquarian book is a selection from Kessinger
Publishing's Legacy Reprint Series. Due to its age, it may contain
imperfections such as marks, notations, marginalia and flawed
pages. Because we believe this work is culturally important, we
have made it available as part of our commitment to protecting,
preserving, and promoting the world's literature. Kessinger
Publishing is the place to find hundreds of thousands of rare and
hard-to-find books with something of interest for everyone
This scarce antiquarian book is a selection from Kessinger
Publishing's Legacy Reprint Series. Due to its age, it may contain
imperfections such as marks, notations, marginalia and flawed
pages. Because we believe this work is culturally important, we
have made it available as part of our commitment to protecting,
preserving, and promoting the world's literature. Kessinger
Publishing is the place to find hundreds of thousands of rare and
hard-to-find books with something of interest for everyone
This scarce antiquarian book is a selection from Kessinger
Publishing's Legacy Reprint Series. Due to its age, it may contain
imperfections such as marks, notations, marginalia and flawed
pages. Because we believe this work is culturally important, we
have made it available as part of our commitment to protecting,
preserving, and promoting the world's literature. Kessinger
Publishing is the place to find hundreds of thousands of rare and
hard-to-find books with something of interest for everyone!
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