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Neoclassical, Mainstream, Orthodox, And Heterodox Economics

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  • David Dequech

Abstract

This paper discusses the concepts of neoclassical, mainstream, orthodox, and heterodox economics, distinguishing temporally more general and more specific concepts. The concept of mainstream economics is based on prestige and influence and includes ideas taught in prestigious schools. Although the current mainstream (neoclassical economics included) is clearly diverse, commonality in it is more controversial. Heterodox economics can be defined negatively, in opposition either to the orthodoxy or to the mainstream. The lack of consensus generates communication problems. Another possibility would be to define heterodox economics positively, but the result in the current period may be an empty set.

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Bibliographic Info

Paper provided by ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics] in its series Anais do XXXV Encontro Nacional de Economia [Proceedings of the 35th Brazilian Economics Meeting] with number 043.

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Date of creation: 2007
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Handle: RePEc:anp:en2007:043

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Cited by:
  1. Fontana Magda, 2009. "The Santa Fe Perspective on Economics: emerging patterns in the science of complexity," CESMEP Working Papers 200908, University of Turin.
  2. Engelbert Stockhammer & Paul Ramskogler, 2009. "Post-Keynesian economics How to move forward," European Journal of Economics and Economic Policies: Intervention, Edward Elgar, vol. 6(2), pages 227-246.
  3. James P. Gander, 2009. "Firm Debt Structure and Firm Size," Working Paper Series, Department of Economics, University of Utah 2009_09, University of Utah, Department of Economics.
  4. Andrew Mearman, 2010. "What is this thing called ‘heterodox economics’?," Working Papers 1006, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
  5. David Colander & Richard P.F. Holt & J. Barkley Rosser, Jr., 2007. "Live and Dead Issues in the Methodology of Economics," Middlebury College Working Paper Series 0704, Middlebury College, Department of Economics.
  6. Andrew Mearman, 2011. "Who Do Heterodox Economists Think They Are?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(2), pages 480-510, 04.
  7. Matías Vernengo, 2010. "Conversation or monologue? on advising heterodox economists," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 32(3), pages 389-396, April.
  8. Csaba, László, 2008. "Módszertan és relevancia a közgazdaságtanban. A mai közgazdaságtan és a társtudományok
    [Methodology and relevancy in economics. Today s economics and associated sciences]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 285-307.

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