This perceptive book challenges orthodox and neoliberal approaches to economics, emphasizing the importance of institutions in shaping socio-economic outcomes. George Kararach underscores the need to rethink dominant paradigms in the field of economics and enhance its relevance to public policy.Exploring the societal impact of economics, Kararach sheds light on the limitations of neoliberalism and examines the effects of ethics on the evolution of alternative economic perspectives and policies. Chapters draw on detailed global case studies to present alternative proposals for a humane economy that promotes social inclusion, grounds economic theory in the social context, and integrates perspectives from the Global South. Considering how the economy can better serve society, Kararach applies heterodox methods to practical policy issues, highlighting the influence of institutional differences alongside powerful interest groups.Interdisciplinary in scope, this book is a valuable resource for students and academics in economics, development studies, public policy, governance, philosophy and political science. Its insights will also greatly benefit policymakers and practitioners working in multilateral institutions, NGOs, UN agencies, and regional economic organizations.
