Conversation or monologue? on advising heterodox economists

Matías Vernengo

Journal of Post Keynesian Economics, 2010, vol. 32, issue 3, 389-396

Abstract: This paper suggests that heterodox economists should not think of themselves as economists first, and only secondarily as heterodox, and must emphasize methodological issues, in particular the different assumptions (or axioms) implicit in their theories vis-Ã -vis the mainstream. The paper argues that the notion of a cutting edge of the mainstream, which is breaking up with orthodoxy, is misleading. The role of the cutting edge is to allow the mainstream to sound reasonable when talking about reality, while orthodoxy provides authority to the cutting edge. The cutting edge is essential for the mainstream and remains firmly based on orthodox grounds.

Keywords: heterodox economics; methodology (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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