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Heterodox economics is now the fashionable expression describing the set of numerous nonorthodox schools of thought that have emerged through time. Heterodox economics is in opposition to orthodox economics, also known as mainstream economics or neoclassical economics. The purpose of this entry is to present the elements shared by the economists of the
Lavoie, Marc
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Epistemology in Heterodox Economics? [PDF]
The epistemology of Heterodox Economics has been described as a type of methodological pluralism where its relativism is taken as consistent with new versions of science. However, methodological pluralism has severe drawbacks as a means of inquiry. Whereas Economics is often understood in positivist terms as a closed set, Heterodox Economics includes ...
Bret N. Bogenschneider +1 more
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Pluralism and heterodox economics [PDF]
The purpose here is to revisit the role of pluralism in heterodox economics and to make the case for its continuing centrality in heterodox economics and heterodox strategy. For some, heterodox economics could be defined in terms of pluralism contrasted with mainstream monism.
Dow, Sheila, Sheila Dow
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A History of Heterodox Economics
On the Horizon, 2012PurposeThe aim of this paper is to review Fred Lee's book A History of Heterodox Economics.Design/methodology/approachThe paper provides a context for Lee's research within the current debates over the financial crisis, then reviews and evaluates his analysis.FindingsLee has provided valuable and almost overwhelmingly meticulous documentation of the ...
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The Diffusion of Heterodox Economics
AbstractHeterodox economics is in part defined by exclusion from orthodox circles and there is an understandable tendency for heterodox economists to engage primarily with each other outside these circles. Yet the critique offered by heterodoxy speaks more widely.
Bruce Cronin, Cronin, Bruce
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Heterodox economics and the history of economic thought
The declining role of the history of economic thought (HET) in university research and teaching has been increasingly under debate. Many historians often recall the relationship between HET and heterodox economics (HEC), consider- ing it as a strength of HET and/or one of the reasons for its damnation among mainstream economists.
D'IPPOLITI, Carlo, RONCAGLIA, Alessandro
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The nature of heterodox economics
Cambridge Journal of Economics, 2005Heterodoxy serves as an umbrella term to cover the coming together of separate projects or traditions. In answering the question, ‘what distinguishes heterodoxy from the orthodoxy?’, the author argues that matters of ontology are central. In answering the question, ‘how are the various traditions that make up the modern heterodoxy to be distinguished ...
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Heterodox theories of economic growth
2017In this chapter, I present an overview of the foundational ideas and main issues in heterodox growth theories, paying specific attention to Post Keynesian and Marxian contributions. Although it is not possible to do justice to the whole heterodox literature on economic growth within one chapter, this chapter is intended as an accessible entry point to ...
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Households in heterodox economic theory
2017The chapter builds on various heterodox approaches to economics to explore a direction towards analyzing households within heterodox economic theory of social provisioning. The first section delineates five main theoretical foundations of households within heterodox economic perspectives.
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Progress in Heterodox Economics
Journal of the History of Economic Thought, 2000There is great variety within contemporary economics. As Coats (2000) points out, not only are there several schools of thought that would conventionally be labeled “heterodox,” there are numerous economists whose work is in a significant sense unorthodox or unconventional.
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