A Modern Guide to Rethinking Economics
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A Modern Guide to Rethinking Economics

Edited by Louis-Philippe Rochon and Sergio Rossi

Since the beginning of the 21st century, there has been an unprecedented move towards ‘rethinking economics’. This book contributes to this worldwide discussion by providing readers at all levels with thoughtful contributions on a range of economic topics. The book includes chapters on rethinking fiscal and monetary policies, international trade, the role of the state, money, growth, the environment, development policies, energy, healthcare and more. Written by top experts in their respective fields, this book will be useful to students and faculty who want to not only rethink economics, but also to offer an alternative and coherent economic analysis to the orthodoxy.
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Chapter 3: Rethinking economics for a pluralist approach

Guillaume Vallet

Abstract

The global financial crisis that burst in 2008 seriously undermined economics from an epistemological, methodological as well as philosophical perspective. In this respect, the way we think and approach economics must be reconsidered afresh. In this chapter we will show, contrary to the normal evolution of mainstream economics, that there is an interest and even an urgency of opening economics to other disciplines. This is the case in particular with sociology, but also history, anthropology and political science. As we argue, pluralism allows for greater knowledge, which can only serve to reinforce the scientificity of economics.

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