Overview
This book is an examination of markets, competition, and market governance from acritical, heterodox perspective.\xa0 Itstarts with four articles that deal with modelling the economy as a socialsystem.\xa0 Since the economy is also asocial system of production, markets and the exchange and competitiveactivities within them are also social activities.\xa0 This conceptualization of markets as socialinstitutions fits well with various heterodox approaches to markets, which arethe themes of the next five articles.\xa0One implication of these articles is that markets must be carefullycrafted and competition suitably regulated so that they can be a safe home forgoing enterprises.\xa0 The final article inthe book goes back to the issue of modelling the economy and argues thatmainstream macroeconomics modelling of the economy is incoherent and thusshould be replaced.\xa0 The implication ofthis book is that it should be replaced with a heterodox model of the economyas a social system.
