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Faculty of Economics


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A central feature of the Alternative Approaches Research Group is a commitment to pluralism, and in particular to a recognition that mathematical modelling is not the only way to study social phenomena. All members of this grouping prioritise real world relevance, and contribute to the history of economic thought and heterodox economics. Within heterodox economics, a focus on institutional economics and forms of development economics is fairly strong. The majority also work on philosophical issues, most especially social ontology, that is on studying the nature of social phenomena (the nature of money, firms, technology, etc.), and are participants of the Cambridge Social Ontology Group (https://www.csog.econ.cam.ac.uk/).


Carolina Alves
Joan Robinson Research Fellow in Heterodox Economics (Girton College)

Research Interests
Macroeconomics, Money, Monetary and Fiscal Policy, Public Debt, Financialisation, Marxist Economics and Latin America

Dr Ivano Cardinale
Lecturer, Goldsmiths College, University of London

Research Interests
Political Economy, History of Economic Thought, Economic Theory


Dr Ha-Joon Chang
University Reader

Research Interests
Role of the state in economic change

Dr Phil Faulkner
Fellow, Senior College Teaching Officer, Director of Studies in Economics (Clare College)

Research Interests
Social Ontology, Realist Social Theory, Ontology of Technology


Professor Tony Lawson
Professor of Economics and Philosophy

Research Interests
Social ontology, philosophy of science, political economy and history of thought

Dr Clive Lawson
College Teaching Officer (Girton College)

Research Interests
Aviation and the Environment, Philosophy of Technology, Social Ontology, Methodology of Economics, History of Thought


Dr Jose Gabriel Palma
Emeritus Senior Lecturer

Research Interests
The economic development of Latin America and East Asia

 

Research Grants

  • Isrf Professorial Research Fellowship (ISRF) - Lawson, T.

Published Papers

Lawson, T. The Constitution and Nature of Money, Cambridge Journal of Economics (2018)
Naqvi, N., Henow, A. and Chang, H. J. Kicking away the financial ladder? German development banking under economic globalisation, Review of International Political Economy (2018)
Lawson, T. Debt as Money, Cambridge Journal of Economics (2018)
Feduzi, A., Runde, J., Cabantous, L., Faulkner, P. and Loch, C. Updating “Small World Representations” In Strategic Decision-Making Under Extreme Uncertainty, Proceedings of the Seventy-eighth Annual Meeting of the Academy of Management (2018)
Faulkner, P., Feduzi, A., and Runde, J. Unknowns, Black Swans and the risk/uncertainty distinction, Cambridge Journal of Economics (2017)
Faulkner, P., Pratten, S., and Runde, J. Cambridge Social Ontology: Clarification, Development and Deployment, Cambridge Journal of Economics (2017)
Lawson, T. What is wrong with modern economics, and why does it stay wrong?, Journal of Australian Political Economy (2017)
Lawson, T. Social Positioning and the Nature of Money, Cambridge Journal of Economics (2016)
Palma, J. G. Why corporations in developing countries are likely to be even more susceptible to the vicissitudes of international finance than their counterparts in the developed world: A Tribute to Ajit Singh, Economic and Labour Relations Review (2016)
Lawson, T. Ontology and social relations: reply to Doug Porpora and to Colin Wight, Journal for the Theory of Social Behaviour (2016)
Andreoni, A. and Chang, H. J. Industrial policy and the future of manufacturing, Economia e Politica Industriale (2016)
Lawson, T. Comparing Conceptions of Social Ontology, Journal for the Theory of Social Behaviour (2016)


Cambridge Working Papers in Economics

Palma, J. G. Do nations just get the inequality they deserve? The 'Palma Ratio' re-examined, CWPE1627 (2016)
Palma, J. G. Why corporations in developing countries are likely to be even more susceptible to the vicissitudes of international finance than their counterparts in the developed world: A Tribute to Ajit Singh, CWPE1539 (2015)
Lawson, T. Comparing Conceptions of Social Ontology: Emergent Social Entities and/or Institutional Facts?, CWPE1514 (2015)
Palma, J. G. Has the income share of the middle and upper-middle been stable over time, or is its current homogeneity across the world the outcome of a process of convergence? The 'Palma Ratio' revisited , CWPE1437 (2014)
Palma, J. G. Latin America's social imagination since 1950. From one type of 'absolute certainties' to another - with no (far more creative)'uncomfortable uncertainties' in sight,, CWPE1416 (2014)
Palma, J. G. How to create a financial crisis by trying to avoid one: the Brazilian 1999-financial collapse as "Macho-Monetarism" can't handle "Bubble Thy Neighbour" levels of inflows, CWPE1301 (2013)
Palma, J. G. Was Brazil's recent growth acceleration the world's most overrated boom?, CWPE1248 (2012)
Palma, J. G. How the full opening of the capital account to highly liquid financial markets led Latin America to two and a half cycles of ‘mania, panic and crash’, CWPE1201 (2012)
Palma, J. G. Homogeneous middles vs. heterogeneous tails, and the end of the ‘Inverted-U’: the share of the rich is what it’s all about, CWPE1111 (2011)
Palma, J. G. Why has productivity growth stagnated in most Latin-American countries since the neo-liberal reforms? (Revised 26-07-2011), CWPE1030 (2010)


Authored Books

Lawson, C. Technology and Isolation, (2017), Cambridge University Press
Lawson, T. The nature and state of modern economics, (2015), Routledge
Chang, H.J. Economics : the user guide, (2014), Penguin
Chang, H.J. 23 things they don't tell you about capitalism, (2011), Penguin
Lawson, T. Reorienting Economics, (2003), Routledge
Lawson, T. Economics and Reality, (1997), Routledge


Chapter in Book

Lawson, C. Feenberg, rationality and isolation, (2018), forthcoming in Critical theory and the thought of Andrew Feenberg. Edited by Darrell Arnold, Michel Andreas - Palgrave Macmillan
Lawson, T. Eudaimonic Bubbles, Social Change and the NHS, (2017), forthcoming in Morphogenesis and Eudaimonia. - Springer
Lawson Collective learning, system competences and epistemically signicant moments, (2017), forthcoming in High-technology clusters, networking and collective learning in Europe. Edited by David Keeble, Frank Wilkinson - Taylor and Francis
Lawson, T. What is this 'school' called neoclassical economics?, (2016), forthcoming in What is neoclassical economics? Debating the origins, meaning and significance. Edited by Jamie Morgan - Routledge
Lawson, T. Ideology and economics, (2016), forthcoming in Crisis system: a critical realist and environmental critique of economics and the economy. Edited by Peter Naess, Leigh Price - Routledge
Lawson, T. A Conception of Social Ontology, (2015), forthcoming in Social ontology and modern economics. Edited by Stephen Pratten - Routledge
Chang,H.J. Is industrial policy necessary and feasible in Africa?: theoretical considerations and historical lessons, (2015), forthcoming in Industrial policy and economic transformation in Africa. Edited by Akbar Noman, Joseph Stiglitz - Columbia University Press
Cramer, C. and Chang, H.J. Tiger or tiger prawns? The African growth "tragedy" and "renaissance" in perspective, (2015), forthcoming in The Oxford handbook of Africa and economics. Volume 1, Context and concepts. Edited by Celstin Monga, Justin Lin - Oxford University Press
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Alternative Approaches Research Group




Tony Lawson
(Cambridge)
'How should economics be changed (if at all)?'
Monday 15th October 2018 8:00pm
Barbara White Room, Newnham College
Eckhard Rosenbaum
(European Commission, Joint Research Centre)
'Institutions and mental models - Some reflections on the interplay of social reality and its representation'
Monday 29th October 2018 8:00pm
Barbara White Room, Newnham College
Geoffrey Hodgson
(University of Hertfordshire)
'Why rumours of the death of Max U are exaggerated'
Monday 12th November 2018 8:00pm
Barbara White Room, Newnham College
Lynne Chester
(University of Sydney)
'TBA'
Monday 26th November 2018 8:00pm
Barbara White Room, Newnham College


Recent Publications


Faulkner, P., Feduzi, A., and Runde, J. Unknowns, Black Swans and the risk/uncertainty distinction Cambridge Journal of Economics [2017]

Lawson, T. Comparing Conceptions of Social Ontology Journal for the Theory of Social Behaviour [2016]

Faulkner, P., Pratten, S., and Runde, J. Cambridge Social Ontology: Clarification, Development and Deployment Cambridge Journal of Economics [2017]



Latest CWPE


15
14

Comparing Conceptions of Social Ontology: Emergent Social Entities and/or Institutional Fa..., Lawson, T.

16
27

Do nations just get the inequality they deserve? The 'Palma Ratio' re-examined, Palma, J. G.

15
39

Why corporations in developing countries are likely to be even more susceptible to the vic..., Palma, J. G.