• Table of Contents
    • Abstract
    • Keywords
    • Article
      • Heterodox economics as a group of heterodox theories
      • Heterodox economics as a community of heterodox economists
      • Heterodox critique of mainstream economics
      • Heterodox economics: theory and policy
      • Conclusion
    • See Also
    • Bibliography
    • How to cite this article

heterodox economics

Frederic S. Lee
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

Although ‘heterodox economics’ is a widely used term, precisely what it means is debated. I argue that heterodox economics refers to a body of economic theories that holds an alternative position vis-à-vis mainstream economics; to a community of heterodox economists who identify themselves as such and embrace a pluralistic attitude towards heterodox theories without rejecting contestability and incommensurability among heterodox theories; and to the development of a coherent economic theory that draws upon various theoretical contributions by heterodox approaches which stand in contrast to mainstream theory.
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Keywords

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Article

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How to cite this article

Lee, Frederic S. "heterodox economics." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 16 September 2014 <http://www.dictionaryofeconomics.com/article?id=pde2008_H000175> doi:10.1057/9780230226203.0727

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