Towards a heterodox theory of the economic actor. The contribution of two French institutionalist schools

Nicolas Postel () and Richard Sobel ()
Additional contact information
Nicolas Postel: University of Lille 1 - CLERSE (UMR 0819 CNRS)
Richard Sobel: University of Lille 1 - CLERSE (UMR 0819 CNRS)

History of Economic Ideas, 2011, vol. 19, issue 2, 43-68

Abstract: The analyses produced by the French ‘regulationist’ and ‘conventionalist’ schools of economic theory both complement and contradict each other. Adherents of the regulationist school fear that convention theory’s ‘soft consensualism’ will cause it to lose its Marxist-Keynesian radicalism, while the conventionalists, on the other hand, seek to persuade the regulationists that they alone hold the microeconomic key to the relative theoretical impasse in which the latter are said to find themselves. It is absolutely essential for heterodox economics to have at its disposal an alternative theory of action with which to counter the homo oeconomicus of neoclassical economics, which underpins the dominant mode of economic theorizing. Such a theory is lacking in both the regulationist and conventionalist schools, and is ultimately the missing piece in the heterodox jigsaw puzzle, without which radical institutionalism is condemned to remain a theoretical archipelago without any real power in the face of the neoclassical continent. We will investigate how, without always fully accepting it, these two schools point towards a common theory of economic action, for which we will attempt to prepare the ground.

Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.libraweb.net/articoli.php?chiave=201106102&rivista=61
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hid:journl:v:19:y:2011:2:2:p:43-68

Access Statistics for this article

History of Economic Ideas is currently edited by Riccardo Faucci, Nicola Giocoli, Roberto Marchionatti

More articles in History of Economic Ideas from Fabrizio Serra Editore, Pisa - Roma
Bibliographic data for series maintained by Mario Aldo Cedrini ().