Teresa Ghilarducci ; Zachary Knauss ; Richard McGahey ; William Milberg ; Drew Landes - The Future of Heterodox Economics

jpe:11114 - Journal of Philosophical Economics, October 13, 2023, Volume XVI - https://doi.org/10.46298/jpe.11114
The Future of Heterodox EconomicsArticle

Authors: Teresa Ghilarducci ORCID1; Zachary Knauss 1; Richard McGahey 1; William Milberg ORCID1; Drew Landes 1

  • 1 The New School for Social Research

We assess economics research and teaching frameworks in the United States by examining how knowledge is produced and ranked, the flaws and strengths of heterodox economic theory; and how students are trained, especially for careers in economic policy. We challenge the meaning of established terminology such as 'heterodoxy' and 'mainstream' by investigating their utility as a marker and to illuminate major barriers to the successful adoption of alternative economic theories in academia and the public discourse. Based on interviews with experienced economists working with heterodox paradigms in both mainstream and heterodox institutions, we identify three barriers 1) Neoclassical hegemony, 2) Weakness of heterodox theory, and 3) Pedagogy and training in economics.


Volume: Volume XVI
Section: Symposium: Is there a future for heterodox economics?
Published on: October 13, 2023
Accepted on: March 29, 2023
Submitted on: March 24, 2023
Keywords: Heterodox economics,pedagogy and training,cross discipline synthesis,[SHS]Humanities and Social Sciences

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