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Decolonizing Economics: An Introduction

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Decolonization has long been debated across the social sciences, but the economics discipline has so far avoided such critical engagement. This book provides a much-needed intervention.

Dutt, Alves, Kesar, and Kvangraven uncover the deeply Eurocentric foundations that shape how economists study the world today. These have rendered the discipline ill-equipped to tackle critical questions, such as structural racism, uneven development, the climate crisis, labour relations, and how structural power shapes economic outcomes. Decolonizing economics entails challenging the norms of neutrality and objectivity that economists claim to speak from, while fostering alternative ways of understanding the economy that take seriously structural power relations and contemporary processes of economic development. Readers will come to understand the political stakes of decolonization and the wide range of scholarship that already exists that can help us grasp economics from non-Eurocentric perspectives. Through such scholarship, we can gain an enriched understanding of capitalism and its relationship to exploitation, colonialism, and racialization.

 

The author order is randomized. All authors contributed equally to the book.

300 pages, Paperback

Published August 4, 2025

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Devika Dutt

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582 reviews
August 30, 2025
Well researched and expansive historicising the eurocentric roots of economics, which centres a partial, idealised and mythical experience of the development of capitalism in Western Europe, to its present purported neutrality and objectivity as it serves as the academic discipline that upholds the status quo

A heterodox alternative is well presented along with the decolonisation agenda, before focusing on concrete steps to decolonise economics and the academe

Highly recommended for anyone interested in a perspective of economics beyond the limited confines of the mainstream approach
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