Economics in the Twenty-First Century

An accessible summary of the latest debates in economics, Economics in the Twenty-First Century takes on what is missing from mainstream economics, why it matters, and how the discipline can better address the key concerns of our era.

Robert Chernomas is a professor in the Department of Economics at the University of Manitoba.
Hudson Ian :

Ian Hudson is a professor in the Department of Economics at the University of Manitoba.

‘A powerful critique of the discipline and an excellent introduction to contemporary economics… Highly recommended.’

Robert Pollin, Distinguished Professor of Economics and Co-Director, Political Economy Research Institute (PERI), University of Massachusetts-Amherst:

“The global financial collapse and Great Recession of 2008–9 exposed, for all to see, that mainstream economists understand very little about how capitalist economies actually operate, despite their ever-more sophisticated technical toolkit. Robert Chernomas and Ian Hudson provide a powerful explanation for this sorry state of affairs, demonstrating that even the most accomplished young mainstream economists consistently ignore the basic realities of class conflict and power that are elemental features of capitalism. Economics in the Twenty-First Century is a valuable new resource for people who want to both understand and change the world.”

Jim Stanford, Harold Innis Industry Professor of Economics, McMaster University:

“Has economics learned from its mistakes to become a more grounded and critical discipline? Alas, no. In this exhaustive and powerful critique of the work of leading young neoclassicals, Chernomas and Hudson confirm that, unfortunately, the profession’s bad old ways are alive and well.”