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Most mainstream economists are not on the Left. Most wouldn’t know heterodox economics if it bit them on the proverbial nose. And most heterodox economists do identify with some kind of left-wing politics. Yet, Chris Dillow (with whom I have found myself in agreement on many occasions) just can’t seem to disentangle the relationship among mainstream […]

Is there a strong divide between mainstream and heterodox economics?* Simon Wren-Lewis thinks there is (at least in the area of macroeconomics), and I agree with him. Where we disagree is on the question of whether or not there should be such a divide. He thinks not. My own view is there should be an […]

Heterodox economics

Posted: 1 June 2010 in Uncategorized
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1. How is heterodox economics different from mainstream-neoclassical economics? 2. What is the current state of heterodox economics (in your country or region)? 3. What should be done to advance heterodox economics? 4. Any word for the future generation of heterodox economics? The editors of the Heterodox Economics Newsletter asked about 100 heterodox economists, representing […]

From Chile to Lebanon, young people are demonstrating—in street protests and voting booths—that they’ve had enough of being disciplined and punished by the current development model. Last Friday, more than one million people took to the streets in the Chilean capital of Santiago, initially sparked by a sharp rise in Santiago’s metro fares and now […]

The argument I’ve been making during this series on utopia is that the utopian moment of the Marxian alternative to mainstream economics is critique.* Let me explain. All modern economic theories have a utopian moment. In the case of mainstream economics, that moment is a full-blown utopianism—the idea that there is, or at least in […]

In a recent article, Dan Falk [ht: ja] identifies a fundamental problem in contemporary physics: many physicists working today have been led astray by mathematics — seduced by equations that might be “beautiful” or “elegant” but which lack obvious connection to the real world. What struck me is that, if you changed physics and physicists […]

We hear it all the time. On a regular basis. Having to do with pretty much everything. Why is the price of gasoline so high? Mainstream economists respond, “it’s the market.” Or if you think you deserve a pay raise, the answer again is, “go get another offer and we’ll see if you’re worth it […]

The dystopia of the American healthcare system certainly invites a utopian response—a ruthless criticism as well as a vision of an alternative. As I showed last week, the left-wing response involves a critique of the conditions and consequences of the capitalist organization of U.S. healthcare and the fashioning of a radical alternative. Single-payer, which uses tax […]

I have often argued—in lectures, talks, and publications—that every economic theory has a utopian dimension. Economists don’t explicitly talk about utopia but, my argument goes, they can’t do what they do without some utopian horizon. The issue of utopia is there, at least in the background, in every area of economics—perhaps especially on the topic […]

Last year, I was honored to deliver the 9th Annual Wheelright Memorial Lecture at the University of Sydney. A couple of weeks ago, my longtime friend and collaborator Katherine Gibson presented the 2017 Wheelright Memorial Lecture, “Manufacturing the Future: Cultures of Production for the Anthropocene.” her work has consistently challenged orthodox and heterodox economics’ primary […]