Top 20 heterodox economics books

4 Aug, 2021 at 15:49 | Posted in Economics | 4 Comments


  • Karl Marx, Das Kapital (1867)
  • Thorstein Veblen, The Theory of the Leisure Class (1899)
  • Joseph Schumpeter, The Theory of Economic Development (1911)
  • Nikolai Kondratiev, The Major Economic Cycles (1925)
  • Gunnar Myrdal, The Political Element in the Development of Economic Theory (1930)
  • John Maynard Keynes, The General Theory (1936)
  • Karl Polanyi, The Great Transformation (1944)
  • Paul Sweezy, Theory of Capitalist Development (1956)
  • Joan Robinson, Accumulation of Capital (1956)
  • John Kenneth Galbraith, The Affluent Society (1958)
  • Piero Sraffa, Production of Commodities by Means of Commodities (1960)
  • Johan Åkerman, Theory of Industrialism (1961)
  • Nicholas Georgescu-Roegen, The Entropy Law and the Economic Process (1971)
  • Michal Kalecki, Selected Essays on the Dynamics of the Capitalist Economy (1971)
  • Paul Davidson, Money and the Real World (1972)
  • Hyman Minsky, John Maynard Keynes (1975)
  • Philip Mirowski, More Heat than Light (1989)
  • Tony Lawson, Economics and Reality (1997)
  • Steve Keen, Debunking Economics (2001)
  • Anwar Shaikh, Capitalism: competition, conflict, crises (2016)


  1. Given the fact that Henry George conclusively refuted Marx, it is absurd to put “Capital” on the list but not “Progress and Poverty.” George proved that the fundamental exploitative relationship of capitalism is the landowner-land user relationship, not the employer-employee relationship. The factory owner has no power to do anything but offer the worker access to economic opportunity he would not otherwise have, while the landowner has no power to do anything but DEPRIVE the worker of access to economic opportunity he WOULD otherwise have.

    • Georgism is in a bad way if this pedantic distinction-without-a-difference is all it has to offer.

      If you think this trite hairsplitting refutes Marx you have clearly never been threatened with being sacked and rehired on worse terms. I have.

      • Bravo mister Wells!

    • 40 acres and a beast dates way back whilst Marx foresaw M-C-M to M-M based only on psychological tenancies due to environmental demand pull aka incentives.


      Yet both are found wanting when they go Einsteins death bed seeking a math proof grand theory of everything because the creator would[tm] been elegant in his creation.


      Point being is everything needs to be read in context.

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