Economic theory is in crisis, though many mainstream economists deny it. But a wide range of heterodox critics are beginning to strike a nerve. Some advocate that the mainstream consensus must be broken down to allow pluralistic and competing views. But is this enough? Ann E. Davis summarizes...

Ethical systems are embedded in paradigms. The call for an ethical approach to economics must ultimately address the nature and critique of the existing paradigm, rather than focus simply on individual behavior or policy prescriptions. The existing paradigm has its own ethical norms and...

Teaching Innovations in Economics presents findings from the Teaching Innovations Program (TIP) funded by the National Science Foundation. The six-year project engaged economics professors in the use of interactive teaching in undergraduate economics courses. Each chapter offers an insightful...

The hypothesis of this paper is that a detailed history of a specific location and period is more effective for isolating the important characteristics of institutions than studies which span multiple millennia across the globe. To illustrate this hypothesis, I examine three Italian city-states...

Marx’s notion of the “fetishism of commodities†and money is used to analyze the modern phenomenon of the public/private divide, the apparent division of society into state and market. The public/private divide, in turn, provides greater insights into the sources and limits of...