Capitalism: Competition, Conflict, Crisis

Professor Anwar Shaikh discusses his book, which challenges traditional economic models by focusing on empirical data and real-world behavior. He critiques the idealized models of economics and emphasizes the role of profitability in capitalism. Shaikh explores the theory of the firm, historical shifts in economic thought, and the challenges of heterodox economics. He advocates for a balanced approach between empirical evidence and theoretical foundations, aiming to create an alternate curriculum that includes diverse perspectives.

What does Professor Shaikh mean by stating that economics should not be divorced from politics?

What insights does Professor Shaikh provide regarding the historical development of economic thought?

How does Professor Shaikh propose to change the traditional curriculum in economics?

What challenges does Professor Shaikh anticipate in promoting his economic ideas?