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A heterodox theorist puts it all in print

Anwar Shaikh, economist at the New School for Social Research, discusses his new book, the type of economics he teaches, and how the latter differs from the standard material usually taught in high school, college, and graduate school in the US in this interview in a New School blog. His book, which I look forward to reading, is likely to emphasize some very traditional Marxist theories such as the labor theory of value that I am not inclined to believe, as opposed to the Kaleckian tradition with its greater emphasis on monopoly power and other departures from the world of Capital. Shaikh’s book is likely to be very clear and is characterized as a magnum opus of this important heterodox scholar. In a combination pep talk and book pitch at a New School coffee reception at the big  economics conference that took place in San Francisco last winter, Shaikh emphasized commonalities with macro done by the recently retired Lance Taylor (also of the New School), which is more closely related to my own recent macro-modeling efforts alone and with Tai Young-Taft. These efforts began to take shape in about 2012. Of course, I intend to keep an open mind as I read the book by Shaikh. People who are curious about the existence of a mathematically stated heterodox economics (with models and everything!) will probably find much to ponder in this fat and somewhat comprehensive tome by engineering major Shaikh, which is based on courses he teaches.

With this post, the link to the interview with Shaikh joins our list of permanent links to coverage of non-neoclassical economics for non-economists in the press and elsewhere on the web on this page of our blog. The conference was among many interesting events that I enjoyed in a semester as an adjunct faculty member teaching a course on international financial crises at the State University of New York at New Paltz.

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