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Heterodox Economics – A Dynamic Phenomenon

Author

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  • Ciote Cristina Steliana

    („Spiru Haret” University of Bucharest Faculty of Financial Management and Accounting Constanþa)

Abstract

All that has been proven to be thorough from the previous strains of thought has been continuously polished and integrated in what we call the dominant economic theory. Yet, there have been countless debates and contradictions regarding the economic ideas in mainstream (which includes classical and neoclassical economics and Keynesianism), the majority of the opponents arguing that these do not offer sufficient explanations for the understanding or anticipating macroeconomic phenomena and also, do not solve the problem of major differences between social classes. The most impetuous objections regarding the above have led to the appearance of different strains of economic thought, philosophies and theories that have merged under the umbrella of heterodox economics, a reactive movement, which denies the validity and viability of the ideas within the dominant economic theory.

Suggested Citation

  • Ciote Cristina Steliana, 2012. "Heterodox Economics – A Dynamic Phenomenon," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 448-452, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:448-452
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    More about this item

    Keywords

    heterodox economics; mainstream economics; complexity theory.;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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