Since the Global Financial Crisis, economics has been under greater public scrutiny, revealing a crisis in the discipline. This represented a potential turning point on how economics should be thought and taught. Heterodox economics has played a prominent role in these discussions revolving around new economics thinking and pluralism in economics. Yet, its identity, aspirations, and pedagogy remain underexplored, contested, and somewhat opaque.
This volume brings together sixteen interviews with leading economists to understand what heterodox economics is. How and why does an economist become heterodox? In which way do heterodox economists see themselves as ‘different’ from mainstream economics? The interviews shed light on what problems heterodox economists perceive in the mainstream; elucidate the different contexts under which they operate in higher education; and provide insights on their ontology and methodology. The reader will also find answers to the following questions about the nature and state of heterodox economics: Do heterodox economists have particular intellectual journeys, motives and aspirations? Is this reflected in their teaching practices and strategies to achieve social change? What is the relation between heterodox economics and the humanities and arts?
Appealing to a diverse audience, including philosophers, sociologists and historians of economic thought, the book will be of great interest to anyone keen to find out more about the internal discussions in the economics discipline.
Preface. Acknowledgements. 1. Introduction. 2. Sheila Dow. 3. Fernando Cardim de Carvalho. 4. William Darity. 5. S. Charusheela. 6. Karma Ura. 7. Rolf Steppacher. 8. Julie Nelson. 9. Tony Lawson. 10. Joan Martinez-Alier. 11. Esther-Mirjam Sent. 12. Gary Mongiovi. 13. Anwar Shaikh. 14. Victoria Chick. 15. Edward Fullbrook. 16. David Dequech. 17. Ulrich Witt. 18. Concluding Thoughts. Bibliography
"What is Heterodox Economics? is a terrific book. If you are a heterodox economist, an aspiring heterodox economist, or an engaged student of heterodox economics, I expect that you will appreciate this book very much. I also expect that many scholars trained in social sciences other than economics will appreciate this book and learn a lot from it. If you are a mainstream economist, I hope very much that you will read this book. It could make you a better economist, and it might be a small step toward making the discipline of economics a more richly rewarding space for economists of all stripes — and for our students. I’ll cross my fingers, but I won’t hold my breath."
Timothy Koechlin, Review of Political Economy
"The goal of the book, expressed in the title, is to convey the essence of heterodoxy to a readership perplexed by the folk rites of the economics profession…What emerges here is a set of intellectual life stories. They tell of how the interviewees entered economics, of their professional trajectories, of what they read and with whom they studied when they were young, of how they teach"
James K. Galbraith, Oeconomia