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Whither economic complexity? A new heterodox economic paradigm or just another variation within the mainstream?

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  • Arne Heise

Abstract

Although neoclassical economics still remains the 'normal science' providing the foundation for economic education, there is a growing demand within and without the scientific community for a major overhaul of economics - a longstanding demand by heterodox economists. Complexity economics claims to be at the spotlight of this demand for 'new economic thinking'. This paper analyses the paradigmatical features of complexity economics, placing it along the heterodox-orthodox divide in order to explain its impact on the evolution of economics.

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  • Arne Heise, 2017. "Whither economic complexity? A new heterodox economic paradigm or just another variation within the mainstream?," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 8(2), pages 115-129.
    • Handle: RePEc:ids:ijplur:v:8:y:2017:i:2:p:115-129
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    1. Backhouse, Roger E., 2004. "A Suggestion for Clarifying the Study of Dissent in Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 26(2), pages 261-271, June.
    2. Alan Coddington, 1974. "What Did Keynes Really Mean?," Challenge, Taylor & Francis Journals, vol. 17(5), pages 13-19, November.
    3. Vernon L. Smith, 2003. "Constructivist and Ecological Rationality in Economics," American Economic Review, American Economic Association, vol. 93(3), pages 465-508, June.
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    1. Ádám Török & Boglárka Konka, 2018. "Episode or Hysteresis? Some Theoretical and Policy Lessons from the Crisis of 2008," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 68(supplemen), pages 45-70, November.
    2. Arne Heise, 2018. "Reclaiming the University: transforming economics as a discipline," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 11(2), pages 37-66, May.
    3. Sebastian Thieme, 2018. "Spiethoff's Economic Styles: a Pluralistic Approach?," Economic Thought, World Economics Association, vol. 7(1), pages 1-23, March.
    4. Rommel, Florian & Urban, Janina, 2022. "A Survey of German Economics," VfS Annual Conference 2022 (Basel): Big Data in Economics 264131, Verein für Socialpolitik / German Economic Association.
    5. Heise, Arne, 2019. "Ideology and pluralism: A German view," ZÖSS-Discussion Papers 75, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).

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