New economic thinking is in demand in the light of the recent economic crisis. This book equips the reader with a better understanding of current ways of thinking as well as an awareness of other possibilities, providing the foundations for debate in theory and methodology alongside practical implications for policy.

Autorentext
SHEILA C. DOW is emeritus professor of Economics at the University of Stirling, UK. She has also been employed by the Bank of England and the Manitoba Government, been Director of the Stirling Centre for Economic Methodology and Chair of the International Network for Economic Methodology and author of Economic Methodology: An Inquiry.

Inhalt
What Kind of New Theory in Light of the Crisis? Schools of Thought in Macroeconomics Animal Spirits and Rationality Beyond Dualism Uncertainty about Uncertainty The Appeal of Mainstream Economics Mainstream Economic Methodology Methodological Pluralism and Pluralism of Method The Non-Neutrality of Formalism Structured Pluralism The Meaning of Open Systems The Issue of Uncertainty in Economics Variety of Methodological Approach in Economics