IDEAS home Printed from
   My bibliography  Save this article

Heterodox Political Economy Specialization and Interconnection - Concepts of Contradiction, Heterogeneous Agents, Uneven Development


  • Phillip Anthony O’Hara

    () (Global Political Economy Research Unit (GPERU), Department of Economics, Curtin University)


This paper extends the analysis presented by Marc Lavoie in this journal about the relationship between the major schools of heterodox political economy. We argue that the evolution of heterodoxy over the past four decades has seen both specialization and interconnection. The specialization has enabled a degree of detailed analysis of concepts, such as class, demand, institution, innovation, gender, ecology and development. Interconnections between the schools also developed from an early stage. With both forces operating, the specialization promotes clarity of perception and depth of analysis, while the association enables this perception and depth to be linked between the schools. This has led to a degree of cross-fertilisation of themes to form broad concepts. Three such broad concepts are examined that are emerging and link aspects of different schools: contradiction, heterogeneous agents, and uneven development. These broad concepts are important for comprehending the social, institutional and historical forces of political economy, and for linking themes from the various schools of heterodoxy.

Suggested Citation

  • Phillip Anthony O’Hara, 2007. "Heterodox Political Economy Specialization and Interconnection - Concepts of Contradiction, Heterogeneous Agents, Uneven Development," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 4(1), pages 99-120.
  • Handle: RePEc:elg:ejeepi:v:4:y:2007:i:1:p:99-120

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Arestis, Philip & Mariscal, Iris Biefang-Frisancho, 1998. "Capital shortages and asymmetries in UK unemployment," Structural Change and Economic Dynamics, Elsevier, vol. 9(2), pages 189-204, June.
    2. Thomas J. Sargent, 1982. "The Ends of Four Big Inflations," NBER Chapters,in: Inflation: Causes and Effects, pages 41-98 National Bureau of Economic Research, Inc.
    3. Hicks, J. R., 1979. "Critical Essays in Monetary Theory," OUP Catalogue, Oxford University Press, number 9780198284239, June.
    4. Graziani,Augusto, 2003. "The Monetary Theory of Production," Cambridge Books, Cambridge University Press, number 9780521812115, March.
    5. Thomas M. Humphrey, 2002. "Knut Wicksell and Gustav Cassel on the cumulative process and the price-stabilizing policy rule," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 59-83.
    6. Laurence Ball, 1999. "Aggregate demand and Long-Run Unemployment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(2), pages 189-252.
    7. Boianovsky, Mauro & Trautwein, Hans-Michael, 2006. "Wicksell after Woodford," Journal of the History of Economic Thought, Cambridge University Press, vol. 28(02), pages 171-185, June.
    8. Philip Arestis & Malcolm Sawyer, 2006. "The nature and role of monetary policy when money is endogenous," Cambridge Journal of Economics, Oxford University Press, vol. 30(6), pages 847-860, November.
    9. Giuseppe Fontana & Alfonso Palacio-Vera, 2004. "Monetary Policy Uncovered: Theory and Practice," International Review of Applied Economics, Taylor & Francis Journals, vol. 18(1), pages 1-19.
    10. James Tobin, 1970. "Money and Income: Post Hoc Ergo Propter Hoc?," The Quarterly Journal of Economics, Oxford University Press, vol. 84(2), pages 301-317.
    11. Lilia Costabile, 2005. "Money, cycles and capital formation: von Mises the "Austrian" vs. Robertson the "Dynamist"," Cambridge Journal of Economics, Oxford University Press, vol. 29(5), pages 685-707, September.
    12. Giuseppe Fontana, 2004. "Hicks on monetary theory and history: money as endogenous money," Cambridge Journal of Economics, Oxford University Press, vol. 28(1), pages 73-88, January.
    13. Roberto Tamborini, 2006. "Back to Wicksell? In search of the foundations of practical monetary policy," Department of Economics Working Papers 0602, Department of Economics, University of Trento, Italia.
    14. George T. McCandless & Warren E. Weber, 1995. "Some monetary facts," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum, pages 2-11.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. O'Hara, Phillip Anthony, 2009. "Political economy of climate change, ecological destruction and uneven development," Ecological Economics, Elsevier, vol. 69(2), pages 223-234, December.

    More about this item


    schools of heterodox political economy; specialization; association; concepts; contradiction; heterogeneous agents; uneven development;

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • J1 - Labor and Demographic Economics - - Demographic Economics
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:ejeepi:v:4:y:2007:i:1:p:99-120. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Katie Smith). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.