Overview
- Introduces readers to the basics of heterodox and orthodox approaches in economics
- Explains the problematic aspects of the European Monetary Union (EMU) from the standpoint of alternative economic theories
- Highlights the conservative nature of the EMU and the economic and political difficulties of reforming it
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About this book
This book discloses the economic foundations of European fiscal and monetary policies by introducing readers to an array of alternative approaches in economics. It presents various heterodox theories put forward by classical economists, Marx, Sraffa and Keynes, as a coherent challenge to neo-classical theory. The book underscores and critically assesses the analytical inconsistencies of European economic policy and the conservative nature of the current European governance. In this light, it examines the political obstacles to proposals to reform the European monetary union, as well as those originating in the neo-mercantilist German model. Given its scope and format, the book offers a valuable asset for researchers and members of the general public alike.
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Keywords
Table of contents (7 chapters)
Reviews
“I never thought that I would describe an economics book as ‘a delightful read’, but ‘Heterodox Challenges in Economics’ by Sergio Cesaratto is exactly that. It is well written, often entertaining and humorous, and explains a great deal about political economy … . The book is accessible and useful for a broad audience, reaching from the layperson interested in politics and economics to students of economics in their bachelor and master studies. … this is your opportunity, so grasp it.” (Mathew D. Rose, braveneweurope.com, February 24, 2021)
“Cesaratto’s book provides an accessible and engaging introduction to major approaches in heterodox economics. Especially the engaging aspect of the book deserves emphasis. Cesaratto put much work into making this book a fun read … . Heterodox Challenges in Economics constitutes a welcome alternative textbook on economics that demonstrates the realism and relevance of heterodox approaches to aspiring economists. It deserves a wide readership.” (Karsten Kohler, Review of Keynesian Economics, Vol. 9 (3), 2021)
Authors and Affiliations
About the author
Sergio Cesaratto is a Professor of European Monetary and Fiscal Policy at the University of Siena, Italy. He has published articles in many heterodox journals, and is a well-known participant in the European public debate over the Eurozone. His research interests include the history of economic thought, growth and income distribution, as well as monetary economics.
Bibliographic Information
Book Title: Heterodox Challenges in Economics
Book Subtitle: Theoretical Issues and the Crisis of the Eurozone
Authors: Sergio Cesaratto
DOI: https://doi.org/10.1007/978-3-030-54448-5
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Nature Switzerland AG 2020
Softcover ISBN: 978-3-030-54447-8Published: 13 November 2020
eBook ISBN: 978-3-030-54448-5Published: 12 November 2020
Edition Number: 1
Number of Pages: XVI, 277
Number of Illustrations: 10 b/w illustrations, 7 illustrations in colour
Topics: Popular Science in Economics, History of Economic Thought/Methodology, Heterodox Economics, Macroeconomics/Monetary Economics//Financial Economics