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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.

Authors: Dutt Devika, Alves Carolina, Kvangraven Ingrid Harvold, Kesar Surbhi
Publisher: POLITY PRESS
Pages: 304
ISBN: 9781509545483
Cover: Paperback
Edition Number: 1
Release Year: 2025

Prologue: Why this book? Why now?

Part I: Eurocentrism in Economics
1: Introduction
2: The Foundations of a Eurocentric Discipline
3: Colonization of the Discipline: From Political Economy to Contemporary Economics
4: Development Economics: A Failed Attempt to Break from Colonial Roots

Part II: Decolonizing Economics
5: Heterodox Economics and the Decolonization Agenda
6: Towards a Decolonization Agenda
7: Exploring the decolonization agenda
8: What Is to Be Done?
9: Conclusion

Notes
References
Index

Devika Dutt is Lecturer in Development Economics at King’s College London.

Carolina Alves is Associate Professor in Economics at the Institute for Innovation and Public Purpose (IIPP) at University College London, and a Fellow in Economics at Girton College, University of Cambridge.

Ingrid Harvold Kvangraven is Senior Lecturer in International Development at King’s College London.

Surbhi Kesar is Senior Lecturer in Economics at SOAS, University of London.

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