The Path to a Modern Economics

Dealing with the Complexity of Economic Systems

  • Henning¬†Schwardt

Table of contents

  1. Front Matter
    Pages i-xi
  2. Henning Schwardt
    Pages 1-35
  3. Henning Schwardt
    Pages 111-166
  4. Henning Schwardt
    Pages 167-230
  5. Henning Schwardt
    Pages 231-328
  6. Henning Schwardt
    Pages 329-342
  7. Back Matter
    Pages 343-366

About this book


The book illustrates how the treatment of complexity in analytical frameworks shapes economic studies. It explores the ways economists make sense of our economic environment and where their differences in interpretations of economic issues and policy proposals are rooted. Schwardt examines developments in economies and the role of the public sector over the last few centuries. Taking a theoretical approach and addressing different analytical frameworks, a basic distinction is introduced between top-down approaches, where assumptions about the economic environment are formulated at the outset; and bottom-up approaches, where an economic environment emerges from the interactions of the individual agents. 

By recognising the validity of alternate perspectives on economic issues, Schwardt proposes an improved foundation for economics research and policy.


Economic Pluralism Economic Complexity Heterodox Economic Theory Value Economic crises Labour economics

Authors and affiliations

  • Henning¬†Schwardt
    • 1
  1. 1.DenverUSA

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-52784-0
  • Online ISBN 978-3-319-52785-7
  • Buy this book on publisher's site