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A Guide to What's Wrong with Economics (Anthem Studies in Development and Globalization) (Paperback)

by Edward Fullbrook (Author)

4.5 out of 5 stars See all reviews (2 customer reviews)

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Product details

Paperback: 336 pages
Publisher: Anthem Press; First Edition, First edition (12 Oct 2004)
Language English
ISBN-10: 1843311488
ISBN-13: 978-1843311485
Product Dimensions: 23 x 15.6 x 2.4 cm

Average Customer Review: 4.5 out of 5 stars See all reviews (2 customer reviews)

Amazon.co.uk Sales Rank: 519,392 in Books (See Bestsellers in Books)

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Product Description

Review

‘Recommended.’
Choice

This book critically examines the shortcomings of neoclassical economics and considers a number of alternative formulations characterized by a broader conception of human behaviour, the recognition of culture, the consideration of history, a new theory of knowledge, and interdisciplinary dialogue.' Dr. Lucia Reisch, The Journal of Consumer Policy

Some of the essays are excellent and I would have little hesitation in recommending them to students at an appropriate level.' Roger E. Backhouse, Journal of Economic Methodology

Review

‘Recommended.’
Choice

Some of the essays are excellent and I would have little hesitation in recommending them to students at an appropriate level.' Roger E. Backhouse, Journal of Economic Methodology

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3 of 4 people found the following review helpful:

5.0 out of 5 stars What's wrong with economics, 17 May 2005

By	B. Edwards "Pounds Make Sense" (Guildford, Surrey UK) - See all my reviews (REAL NAME)

This book is really good and thought provoking. For years I have thought that conventional economic theory is like a religion or phantasy, one that has permeated many leaders and governments and had devastating effects on people when put into practice. This book put substance to my thoughts, gave me many new sources as it is multi authored and introduced me to some valuable new perspectives.

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4.0 out of 5 stars Reasonable discussion of neoclassical economics, 11 May 2009

By	M. A. Krul (Utrecht, Kingdom of the Netherlands) - See all my reviews (REAL NAME)

Fullbrook's collection of critical papers titled "What's Wrong With Economics", with contributions from twenty-six different authors on seven core subjects, is a reasonable introduction to heterodox economics for the layman with an interest in the 'technical' aspects of economics. Practically all the essays in this book are written from a radical neoclassical perspective criticizing the mainstream, although the writers vary much in the degree of their radicalism. Some authors just call for more attention to local circumstances or the environment, others, such as Steve Keen, Geoffrey Hodgson and Bernard Guerrien seek to demolish certain fundaments of the neoclassical mainstream.

None of the papers, perhaps with the exception of Keen's, are very difficult to read, and most are short and to the point, which is very pleasant. The quality is varying, with some papers making rather weak points that could be avoided with just minor surface changes of mainstream practice or that attack precisely things that are not the issue of neoclassical economics, such as with Anne Mayhew's contribution. Generally though the essays are reasonably interesting and informative, and because of the excellent scope of this book, a balance between width and depth is achieved that allows any intelligent reader to get a primer on what is, indeed, wrong with economics. The only major flaw is that it contains no criticisms other than radical neoclassical ones.

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