Heterodox
Summary:
Some of these should have been more impacted: Macroeconomics: Measures of Total Factor Productivity, every model with an aggregate production function, and a belief that business cycles are to be explained by sticky or rigid prices or other imperfections are all shown to be questionable. Marxist economics: Steedman's Marx after Sraffa made a splash, with many writing afterwards. Lately, I've read a bit of Riccardo Bellofiore, but a bibliography here could go on and on. Monetary economics: Sraffa's work undermines the concept of the natural rate of interest and the concept of a neutral monetary policy. Colin Rogers' Money, interest and capital: A Study in the foundations of monetary theory goes into this. Labor economics: Here I point to my own stuff. Theory of the firm: Opocher
Topics:
Robert Vienneau considers the following as important:
This could be interesting, too:
Some of these should have been more impacted: Macroeconomics: Measures of Total Factor Productivity, every model with an aggregate production function, and a belief that business cycles are to be explained by sticky or rigid prices or other imperfections are all shown to be questionable. Marxist economics: Steedman's Marx after Sraffa made a splash, with many writing afterwards. Lately, I've read a bit of Riccardo Bellofiore, but a bibliography here could go on and on. Monetary economics: Sraffa's work undermines the concept of the natural rate of interest and the concept of a neutral monetary policy. Colin Rogers' Money, interest and capital: A Study in the foundations of monetary theory goes into this. Labor economics: Here I point to my own stuff. Theory of the firm: Opocher
Topics:
Robert Vienneau considers the following as important:
This could be interesting, too:
Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
Some of these should have been more impacted:
- Macroeconomics: Measures of Total Factor Productivity, every model with an aggregate production function, and a belief that business cycles are to be explained by sticky or rigid prices or other imperfections are all shown to be questionable.
- Marxist economics: Steedman's Marx after Sraffa made a splash, with many writing afterwards. Lately, I've read a bit of Riccardo Bellofiore, but a bibliography here could go on and on.
- Monetary economics: Sraffa's work undermines the concept of the natural rate of interest and the concept of a neutral monetary policy. Colin Rogers' Money, interest and capital: A Study in the foundations of monetary theory goes into this.
- Labor economics: Here I point to my own stuff.
- Theory of the firm: Opocher and Steedman's Full Industry Equilibrium: A Theory of the Industrial Long Run is an adequate illustration.
- Industrial Organization: I have been working on a contribution here.
- The theory of international trade: Mainwaring, Metcalfe, Parrinello, and Steedman have early contributions in this area.
- Spatial or regional economics: I'll mention Sheppard and Barnes's textbook The Capitalist Space Economy: Geographical Analysis After Ricardo, Marx, and Sraffa and the work of Walter Isard with different regions being modeled by interacting Leontief matrices.
- Environmental or ecological economics: I think of Robin Hahnel's recent work on throughput or Richard England (1986) drawing connections between ecological costs and the functional distribution of income.
I do not claim that the above list is complete.