A Guide to Paradigmatic Self-Marginalization: Lessons for Post-Keynesian Economists

Leonhard Dobusch and Jakob Kapeller

Review of Political Economy, 2012, vol. 24, issue 3, 469-487

Abstract: While many heterodox economists hope that the recent financial crisis will lead to paradigmatic change in economics, we argue that path-dependent processes and institutional factors within the economic community hinder such a change. Focusing on the citation behavior of economists in heterodox journals in general and in Post-Keynesian journals in particular, we discuss structural reasons—connected to positive feedback mechanisms within the institutional framework of the economics discipline—for the marginalization of heterodox economic thought.

Date: 2012
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DOI: 10.1080/09538259.2012.701928

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