Lord Keynes — A Revised Diagram of Schools of Economics

Some people pointed out that Knut Wicksell, given his influence, needs to be included in the diagram. That is true.

So I have revised the diagram…

Social Democracy For The 21St Century: A Post Keynesian Perspective
A Revised Diagram of Schools of Economics
Lord Keynes

How to Use Economics and Not Be Used By Economists (6/6) — Lynn Fries interviews Ha-Joon Chang

Video and transcript.

... in the book I argue that there should be intellectual diversity within economics. I introduce no less than nine schools of economics, each with its own strengths and weaknesses, each with its own focus and specialty. And I argue that all of these different schools are necessary if you are going to fully understand the complex thing called the economy....

No one has the ocean in their bucket, regardless of how imposing the bucket.

..we have created a world where economists are impervious to outside scrutiny, and economists do not have to subject themselves to public debate. They can just browbeat the general public, saying well, we know what you don't know. We have all these sophisticated mathematical models that proves this, proves that. And that closing off of public debate in the area of economics I think has been very important in weakening our democracies.

So my hope in writing this book was to tell people, look. I mean, economics is not that difficult. You know, anyone with secondary education can understand the basics of it, and by getting rid of that aversion or even fear about economics, I think that this book will contribute to encouraging people to engage in more vigorous debate on economic issues. And through that, I hope to contribute to the promotion and strengthening of democratic debate.

Amen. Otherwise we are toast and that could be literally.

Real News Network
How to Use Economics and Not Be Used By Economists (6/6)

Lynn Fries interviews Ha-Joon Chang

Book Announcement — John T. Harvey — CONTENDING PERSPECTIVES IN ECONOMICS

Edward Elgar Publishing
CONTENDING PERSPECTIVES IN ECONOMICS
A Guide to Contemporary Schools of Thought
John T. Harvey, Texas Christian University, US

‘This wise and lucid guide to pluralism in economics embodies the
values of its cause. Generous, open-minded, fair, accurate and
accessible: John Harvey’s new book is a fine achievement that every
economics major should read.’
– James K. Galbraith, The University of Texas at Austin, US

'Fifty years ago I used Robert L. Heilbroner's The Worldly Philosophers to get students excited about economics. Today I would use John T. Harvey's Contending Perspectives in Economics. The book is beautifully written and full of insights into who economists are and why they think the way they do.'
– Paul D. Bush, California State University, US

'Economics is a mess. Oppositional clans ("schools"), pseudo-science, corruption of various kinds and relentless disdain for the real-world predominate. If you are thinking of entering this war-zone, then reading John Harvey's Contending Perspectives in Economics is your best bet for retaining your intellectual health.'
– Edward Fullbrook, University of the West of England, UK

'I just finished reading the book! I feel like I learned so much from it, and not just in terms of the information itself. As I read, it stimulated so much thought I found myself writing many pages on things I'd never even thought about!'
– Marcus Schiebold, Economics Undergraduate Student, University of North Texas, US

John Harvey's accessible book provides a non-technical yet rigorous introduction to various schools of thought in economics. Premised on the idea that economic thinking has been stunted by the almost complete rejection of anything outside the mainstream, the author hopes that this volume will open readers' minds and lead them in new and productive directions. In his exploration of Neoclassical, Marxist, Austrian, Post Keynesian, Institutionalist, New Institutionalist and Feminist schools of thought, unique features of each approach are highlighted, complemented by discussions of methodology, world views, popular themes, and current activities. Accurate and impartial, every chapter covering a heterodox school of thought has been vetted by an acknowledged expert in that field.

2015 168 pp Hardback 978 0 85793 203 7 £65.00 (UK/RoW) • March 2015 $99.95 (N/S America) Elgaronline 978 0 85793 204 4

Peter Cooper on our economic woes according to ....

Take a look. Peter sums it up. (short)

Read it heteconomist.com
Chief Source of Our Economic Woes

by Peter Cooper