Political economy and the theory of economic and social development have long been fellow travellers, sharing an interdisciplinary and multi-dimensional character. Over the last fifty years, mainstream economics has become totally formalistic, attaching itself to increasingly narrow methods and techniques at the expense of other approaches. Despite this narrowness, neoclassical economics has expanded its domain of application to other social sciences, but has shown itself incapable of addressing social phenomena and coming to terms with current developments in the world economy.
With world financial crises no longer a distant memory, and neoliberalism and postmodernism in retreat, prospects for political economy have strengthened. It allows constructive liaison between the dismal and other social sciences and rich potential in charting and explaining combined and uneven development.
The IIPPE (International Initiative for Promoting Political Economy) series' objective supports revival and renewal of political economy both in itself and in dialogue with other social sciences. Drawing on rich traditions, we invite contributions that constructively engage with heterodox economics, critically assess mainstream economics, address contemporary developments, and offer alternative policy prescriptions.
Series editorsBen Fine is Professor of Economics at the School of Oriental and African Studies, University of London. He is the author of Theories of Social Capital (Pluto, 2010) and co-authored the award-winning books From Economics Imperialism to Freakonomics (2009) and From Political Economy to Economics (2008).
Dimitris Milonakis earned his BA, MA and PHD in Economics from the Economics Department at the University of London. His research interests include Comparative Economics, Pοlitical Economy of Institutions, History of Economic Theory, Economics and Other Social Sciences and Economic Methodology. He co-authored with Ben Fine the award-winning books From Economics Imperialism to Freakonomics (2009) and From Political Economy to Economics (2008).
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