Some error occured while loading the Quick View. Please close the Quick View and try reloading the page.
Studying the role of the state in economic growth over long period, this book aims to demystify and delegitimize what neoclassical authors call their “new theory” of growth, or endogenous growth theory. It first examines the mainstream works relating to the effects of public spending allocated to research-and-development, education, infrastructure and defense, as well as problems that characterize them. Several original essays on these topics are then proposed within the mainstream itself, using some of its tools: time-series or panel econometrics, systems of simultaneous equations, long-term growth modeling, game theory, etc. The insurmountable limitations of each of these exercises are highlighted, the numerous and serious flaws of orthodoxy being emphasized on both theoretical and empirical levels. Finally, the critique of neoclassicism is radicalized by a deconstruction of the theory of endogenous growth, revealing its internal inconsistencies – leading to qualify the mainstream as science fiction rather than a true science – and its ideological-political functions in the era of neoliberalism – by denouncing the attacks carried out by current neoliberal state against public services. The ambition of this book is to help young progressive economists, aware of the need to move away from the mainstream, to identify the weaknesses of the latter, to grasp its links with neoliberal capitalism – destructive and declining, but still predominant – and to find the paths to entry into heterodox resistance to better understand the current world and contribute usefully to its social transformation.
Price: $174.00
Pages: 534
Publisher: Brill
Imprint: Brill
Series: Studies in Critical Social Sciences
Publication Date:
17 December 2026
ISBN: 9789004774919
Format: Hardcover
Rémy Herrera is a French economist, researcher at the National Center of Scientific Research (CNRS, France). Graduated from a Business School (École supérieure de Commerce, 1988), the Institute of Political Studies (Institut d’Études politiques, 1990) and the University of Paris 1 Panthéon-Sorbonne (Master in Philosophy, 1994; Ph.D. in Economics, 1996), he supervises Ph.D. students at the Centre d’Économie de la Sorbonne. He started working in financial audit (1988), at the OECD (1992-1997) and for the World Bank (1999-2000). He was member of the CNRS National Committee (2000-2005) and the Scientific Council of Paris 1 (2001-2006). He taught at various universities in France (especially Paris 1 [1993-2023]) and abroad, including those of Aleppo (1998), Cairo (1999-2000), Vitoria in Brazil (2006), Complutense in Madrid (2009-2013), and Lingnan in Hong Kong (2018). He was adviser to research programs at the Chubu University (Nagoya). He is or has been associated with: Third World Forum (Dakar), Union of Radical Political Economics (New York), International Initiative for Promoting Political Economics (London), Sociedad de Economía Política Latinoamericana (São Paulo), Consejo Latinoamericano de Ciencias Sociales (Buenos Aires), and Asociación Nacional de Economistas de Cuba (Havana). He was the World Forum of Alternatives (WFA)’s executive director. He is member of the Global University for Sustainability and the International Crisis Observatory. He organized the “Marx in the Twenty-First Century” seminar at La Sorbonne. He regularly works with the Centre Europe-Tiers Monde (Geneva), supporting it in its advisory role to the Human Rights Council of the United Nations. He has written numerous articles in scientific journals, as well as several books, on topics in theoretical and applied economics.