IDEAS home Printed from https://ideas.repec.org/a/hid/journl/v19y201122p43-68.html
   My bibliography  Save this article

Towards a heterodox theory of the economic actor. The contribution of two French institutionalist schools

Author

Listed:
  • Nicolas Postel

    () (University of Lille 1 - CLERSE (UMR 0819 CNRS))

  • Richard Sobel

    () (University of Lille 1 - CLERSE (UMR 0819 CNRS))

Abstract

The analyses produced by the French ‘regulationist’ and ‘conventionalist’ schools of economic theory both complement and contradict each other. Adherents of the regulationist school fear that convention theory’s ‘soft consensualism’ will cause it to lose its Marxist-Keynesian radicalism, while the conventionalists, on the other hand, seek to persuade the regulationists that they alone hold the microeconomic key to the relative theoretical impasse in which the latter are said to find themselves. It is absolutely essential for heterodox economics to have at its disposal an alternative theory of action with which to counter the homo oeconomicus of neoclassical economics, which underpins the dominant mode of economic theorizing. Such a theory is lacking in both the regulationist and conventionalist schools, and is ultimately the missing piece in the heterodox jigsaw puzzle, without which radical institutionalism is condemned to remain a theoretical archipelago without any real power in the face of the neoclassical continent. We will investigate how, without always fully accepting it, these two schools point towards a common theory of economic action, for which we will attempt to prepare the ground.

Suggested Citation

  • Nicolas Postel & Richard Sobel, 2011. "Towards a heterodox theory of the economic actor. The contribution of two French institutionalist schools," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 19(2), pages 43-68.
  • Handle: RePEc:hid:journl:v:19:y:2011:2:2:p:43-68
    as

    Download full text from publisher

    File URL: http://www.libraweb.net/articoli.php?chiave=201106102&rivista=61
    Download Restriction: Access to full text is restricted to subscribers

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:hid:journl:v:19:y:2011:2:2:p:43-68. 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: (Mario Aldo Cedrini). General contact details of provider: http://www.libraweb.net .

    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.