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This updated second edition provides a comprehensive guide for conducting rigorous, socially grounded contemporary economic research outside the confines of current orthodox methods. The Handbook builds on the original framework of critical realism and grounded theory established in the first edition, with new perspectives and tools.

Expert authors use clear explanations and real-world applications, equipping researchers with the methodological diversity needed to address complex problems such as inequality, development and sustainability. Chapters revisit theoretical and methodological discussions to reflect debates and developments and introduce new methods such as topic analysis, data envelopment analysis and Marxian input-output analysis. New chapters assess decolonising economics, automating data collection and national accounts analysis. This thoroughly revised edition expands on the previously provided practical insights, highlighting detailed knowledge on alternative methods beyond econometrics that are essential for heterodox inquiry.

Practical and expansive, this Handbook is a valuable resource for scholars and students of economics, alongside sociology, political economy, data analytics and development studies. It will also greatly benefit policy analysts and practitioners in economics interested in contemporary research and applications of heterodox economics.