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Biographical note
Donald A.R. George is Senior Lecturer in Economics at the University of Edinburgh. He has been a Jean Monnet Fellow at the European University Institute in Florence, Italy, Visiting Associate Professor of Economics at Queen's University, Canada, and Visiting Professor of Economics at the University of Canterbury, New Zealand. He has published extensively on the economics of self-management, economic dynamics, and the economics of product reliability, and is joint founding editor of the Journal of Economic Surveys.
- Challenges economists to abandon sterile formalism and develop new intellectual rigors to contribute to pressing contemporary issues
- A series of cutting-edge articles provides a critical analysis of the dependence of mainstream economics on mathematical modelling and other methodologies
- Topics discussed include sustainable development, worker control of firms, evolutionary growth theory, and more
- Challenges economists to abandon sterile formalism and develop new intellectual rigors to contribute to pressing contemporary issues
1. Consolations for The Economist: The Future of Economic Orthodoxy 1
Donald A.R. George
2. Axiomatization and Formalism in Economics 11
T.A. Boylan and P.F. O'Gorman
3. Variety of Methodological Approach in Economics 33
Sheila C. Dow
4. Variations on The Theme of Conning in Mathematical Economics 53
K. Vela Velupillai
5. The Sociological Approach to Financial Markets 95
Alex Preda
6. Workers' Savings and The Right to Manage 123
Donald A.R. George
7. A New Vision of The Knowledge Economy 143
Brian Chi-ang Lin
8. Evolutionary and New Growth Theories. Are They Converging? 175
Fulvio Castellacci
9. Repetition and Financial incentives in Economics Experiments 219
Jinkwon Lee
Index 273
Through a series of cutting-edge articles, Issues in Heterodox Economics addresses these issues and provides a critical analysis of the methodology of mainstream economics and its dependence on mathematical modelling. Through articles from leading international authors a range of non-mainstream topics is discussed – sustainable development, worker control of firms, evolutionary growth theory, and more. The importance of learning from cognate disciplines such as sociology is also discussed. By urging economists to cast aside sterile mathematical formalism and encouraging them to develop the intellectual discipline to tackle issues of true economic importance, editor Donald A.R. George offers a new vision for the future of economics.