Thursday, May 01, 2014

ECONOMIC HETERODOXY SOUNDS GOOD TO ME

After reading Ha-Joon Chang's article, "Economics is too big a deal to leave to the experts" http://www.theguardian.com/commentisfree/2014/apr/30/economics-experts-economists, in today's edition of The Guardian, I decided to check out his Wikipedia entry:  http://en.wikipedia.org/wiki/Ha-Joon_Chang This states that: "Chang's contribution to heterodox economics started while studying under Robert Rowthorn, a leading British Marxist economist, with whom he worked on the elaboration of the theory of industrial policy, which he described as a middle way between central planning and unrestrained free market. His work in this area is part of a broader approach to economics known as institutionalist political economy which places economic history and socio-political factors at the centre of the evolution of economic practices." Co-incidentally, after my post of yesterday, I was reminded of an excellent book on the subject of spatial economics called "The Geography of De-Industrialisation"* edited by Robert Rowthorn, that sadly now seems to be out of print. Greater heterodoxy on the subject of the spatial economy would certainly be very welcome.

* Some of the themes of this book are taken up in a recent publication entitled "The Economic Geography of the UK" http://www.amazon.co.uk/Economic-Geography-UK-Neil-Coe/dp/1849200904, part of whose introduction is available here. http://www.uk.sagepub.com/upm-data/35376_01_Coe_&_Jones_Ch_01.pdf

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