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Live and Dead Issues in the Methodology of Economics

  • David Colander


  • Richard P.F. Holt
  • J. Barkley Rosser, Jr.

We attempt to clarify divisions made by us in previous work (Colander et al., 2004a,b) between “orthodox, mainstream, and heterodox” in economics, following very useful remarks in Dequech (2007), whom we thank. We also provide specific advice for heterodox economists, namely: worry less about methodology, focus on being economists first and heterodox economists second, and prepare ideas to leave the incubator of heterodoxy to enter the mainstream economic debate.

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Paper provided by Middlebury College, Department of Economics in its series Middlebury College Working Paper Series with number 0704.

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Length: 15 pages
Date of creation: Jun 2007
Date of revision:
Handle: RePEc:mdl:mdlpap:0704
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  1. David Colander & Ric Holt & Barkley Rosser, 2003. "The Changing Face of Mainstream Economics," Middlebury College Working Paper Series 0327, Middlebury College, Department of Economics.
  2. R. Koppl, 2006. "Austrian economics at the cutting edge," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 19(4), pages 231-241, December.
  3. Tony Lawson, 2006. "The nature of heterodox economics," Cambridge Journal of Economics, Oxford University Press, vol. 30(4), pages 483-505, July.
  4. Olivier Blanchard, 2000. "What Do We Know about Macroeconomics that Fisher and Wicksell Did Not?," The Quarterly Journal of Economics, Oxford University Press, vol. 115(4), pages 1375-1409.
  5. David Colander, 2003. "Post Walrasian Macroeconomics and Heterodoxy : Thinking Outside the Heterodox Box," International Journal of Political Economy, M.E. Sharpe, Inc., vol. 33(2), pages 68-81, June.
  6. David Dequech, 2007. "Neoclassical, mainstream, orthodox, and heterodox economics," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 30(2), pages 279-302, December.
  7. Paul Davidson, 1996. "Reality and Economic Theory," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 18(4), pages 479-508, July.
  8. Blume, Lawrence E. & Durlauf, Steven N., 2005. "The Economy As an Evolving Complex System III: Current Perspectives and Future Directions," OUP Catalogue, Oxford University Press, number 9780195162592, December.
  9. J. Barkley Rosser, 2006. "Complex Dynamics and Post Keynesian Economics," Chapters, in: Complexity, Endogenous Money and Macroeconomic Theory, chapter 4 Edward Elgar Publishing.
  10. Colander, David, 2000. "The Death of Neoclassical Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 22(02), pages 127-143, June.
  11. Davis, John B., 2006. "The turn in economics: neoclassical dominance to mainstream pluralism?," Journal of Institutional Economics, Cambridge University Press, vol. 2(01), pages 1-20, April.
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