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Introduction -- Part I. Philosophical foundation and research strategy -- 1. Critical realism as a social ontology for economics / Jamie Morgan -- 2. Critical realism, method of grounded theory, and theory construction / Frederic S. Lee -- 3. An interdisciplinary perspective on heterodoxy / Rick Szostak -- Part II. Research methods and data collection -- 4. Separate or symbiotic? Quantitative and qualitative methods in (heterodox) economics research / Lynda Pickbourn and Smita Ramnarain -- 5. Historical method and data / Natalia Bracarense -- 6. Using survey methods in heterodox economic research / Tiago Cardão-Pito -- 7. Qualitative and ethnographic methods in economics / Amit Basole and Smita Ramnarain -- 8. Experimental methods and data / Andrew Mearman -- 9. Factor analysis, cluster analysis, and nonparametric research methods for heterodox economic analysis / Michael J. Murray -- 10. Regression analysis: a review / Paul Downward -- 11. Critical realism, econometrics, and heterodox economics / Nuno Ornelas Martins -- 12. Social network analysis / Bruce Cronin -- 13. Agent-based computational economics: simulation tools for heterodox research / Jonathan F. Cogliano and Xiao Jiang -- 14. Modeling as a research method in heterodox economics / Frederic S. Lee -- 15. Mixed research methods and data triangulation: an answer for economics? / Ioana Negru -- Part III. Applications -- 16. A mixed methods approach to investment behavior / Armağan Gezici -- 17. Price stability / Gyun Cheol Gu -- 18. Studying low-income households / Lynne Chester -- 19. Marketization and human service providers: an industry study / Bob Davidson -- 20. A qualitative case study of the Mexican stock market (BMV) from the perspective of critical realism and grounded theory / Jesús Muñoz -- 21. Looking into the black box: policy as a contested process / Jamee K. Moudud -- 22. Modeling the economy as a whole: stock-flow models / Gennaro Zezza -- 23. A mixed methods approach to investigating the employment decisions of aged care workers in Australia / Therese Jefferson, Siobhan Austen, Rhonda Sharp, Rachel Ong, Valerie Adams and Gill Lewin -- 24. Combining qualitative and quantitative methods in field work: an application to research on gender, migration and remittances in Ghana / Lynda Pickbourn -- 25. A data triangulation approach to understanding the behavior of small landholders in Bulgaria / Mieke Meurs -- 26. Measuring the intra-household distribution of wealth in Ecuador: qualitative insights and quantitative outcomes / Carmen Diana Deere and Zachary Catanzarite -- 27. The use of quasi-experimental design in urban and regional research and political economy / Thomas E. Lambert and Michael Bewley -- 28. Detecting business cycles / Susan K. Schroeder -- 29. A régulationist analysis of an industry sector using mixed research methods / Lynne Chester.

1. Critique of the New Consensus Macroeconomics and a Proposal for a More Keynesian Macroeconomic Model- Philip Arestis -- 2. Approaching budget deficits, debts and money in a socially responsible manner- Malcolm Sawyer -- 3. Advances in the Post Keynesian Analysis of Money and Finance- Marc Lavoie -- 4. Why the Sub-Prime Financial Crash Should Have Been Prevented: Lessons for Future Macroeconomic and Regulatory Policy- John McCombie and Marta Spreafico -- 5. Inflation: Failures of Inflation Targeting- Elisabeth Springler -- 6. SFC Dynamic Models: Features, Limitations and Developments- Emilio Carnevali, Matteo Deleidi, Riccardo Pariboni and Marco Veronese Passarella -- 7. Fiscal policy and ecological sustainability: a post-Keynesian perspective- Maria Nicolaides and Yannis Dafermos -- 8. How secular stagnation can affect income class structure in European countries: institutional and policy implications- Salvador Perez-Moreno and Elena Bárcena-Martín

Front Cover -- A Great Leap Forward -- A Great Leap Forward: Heterodox Economic Policy for the 21st Century -- Copyright -- Contents -- Acknowledgment -- Introduction -- A - The trouble with financialization -- I. What causes financial crises? -- II. The rise of financialization, neocons, and the ownership society -- III. The dark recesses of the financial system: why no one saw "it" coming -- IV. The global financial crisis explained -- V. The role of lender fraud -- VI. The four developments that precipitated the crisis -- a Managed money -- b Investment banks -- c Deregulation and desupervision -- The rise of fraud as normal business procedure -- VII. Fraud as a business model -- VIII. The Wall Street bailout -- IX. Why we are screwed: it will happen again -- X. Did we learn anything from the crisis? -- XI. The end of money manager capitalism? -- References -- Further reading -- B - The road to social progress -- I. Aging, social security, and pensions -- a Demographics and infinite horizon calculations of burdens -- b How to pay for social security: truth and fictions -- c Social security, subway tokens, and pizza coupons -- d Private pensions: an introduction -- Reforming pension fund and private savings strategies -- II. Health insurance versus Healthcare -- a Healthcare diversions: the elephant in the room -- b Health insurance diversions: we need less health insurance, not more -- c Health insurance diversions: the financialization of health (and everything else) -- d Selling death -- The compulsive push for single payer -- III. Conclusion -- References -- C - Tackling poverty and inequality. The road to full employment and price stability -- I. Poverty and the trickle-down economy -- a One percenters -- b Rising tide -- II. Addressing inequality -- a Redistribution or preredistribution? Uncle Sam should not play Robin Hood.

Contents: Preface -- Introduction -- 1. Space exists to stop everything happening in Cambridge -- 2. What is heterodox economics? -- 3. Rumours of the death of Max U are exaggerated -- 4. The separate heterodoxy of evolutionary economics -- 5. Heterodox economics as a scientific community -- 6. Some possible ways forward -- References -- Index.

"Heterodox economics can provide a more complete and robust explanation of economic realities than orthodox (or mainstream) economics. Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action argues that this greater explanatory power gives heterodox economics the ability to illuminate appropriate policy for the major crises of our time, as well as proffer the basis for a more rounded, pluralist approach to economic theory. The chapters in this wide-ranging volume address some of the key issues facing the global economy, including the growing disparity of income/wealth between persons and economic areas, environmental degradation, issues associated with employment, and the regularity of economic/financial crises. The authors examine potential policy responses such as modern monetary theory, models of public ownership and the need to move beyond standard concepts of growth. They also explore the deficiencies of orthodox economics, and contend that a more pluralist approach to economics is required in the public sphere, in academia, and in the classroom in order to help face the challenges of the 21st Century. This book is invaluable reading for students and scholars across the social sciences who are interested in alternatives to mainstream economic thinking. Arturo Hermann is Primo Ricercatore at the Italian National Institute of Statistics (ISTAT), Italy. Simon Mouatt is Emeritus Associate Professor in Economics at Solent University, UK."

Im November 2011 machte eine Meldung die Runde, die sicherlich bei einigen Ökonomen für Befremden sorgte: Siebzig Studenten der Harvard Universität haben aus Protest den Einführungskurs in Ökonomik verlassen, den jährlich ca. 700 Studenten besuchen. Als Grund dafür gaben sie an, mit der "konservativen Voreingenommenheit" des Kurses unzufrieden zu sein. Die gleiche "konservative Ideologie" sei es auch, die in die Finanzkrise geführt habe, und deshalb verließen sie in Solidarität mit der Occupy-Bewegung den Hörsaal (vgl. The Harvard Crimson 2011).

The way forward -- Contrasting economic epistemology with and without heteronomy appendix: event, continuity, and continuum -- Filters of heterodox economic thought -- The epistemic methodology of Heterodox Islamic financial economics and its consequences -- Is there possibility for Heterodox Islamic economics? (a post-orthodoxy criticism) -- Critical realism and Islamic socio-scientific reasoning in the episteme of monotheistic unity of knowledge -- Empirical evaluation of Islamic financing instruments across evolutionary learning trend governed by monotheistic methodology of unity of nowledge -- The Quranic phenomenological model of system (application to human resource contra human capital theory) -- From meta-science to ethico-economics