Phenomenology and heterodox economics

Geoffrey Poitras

Review of Social Economy, 2021, vol. 79, issue 2, 333-356

Abstract: This paper proposes that the pluralistic tent of heterodox economics could be enhanced by accommodating phenomenological inquiry. After an overview of heterodox economics and why phenomenology could be relevant to this project, attention focuses on contributions to phenomenology by Edmund Husserl and Martin Heidegger. With this background, the historical evolution of hermeneutics is traced from the historicism of Wilhelm Dilthey to the search for universal truths in the human sciences by Hans-Georg Gadamer. Motivated by the hermeneutic phenomenology of Gadamer and Paul Ricoeur, the relationship of phenomenology to critical realism is critically examined. Substantive differences between phenomenological research methods and those used in orthodox economics are identified and used to illustrate how phenomenology could assist some heterodox economists in making substantive contributions that challenge the orthodoxy.

Date: 2021
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DOI: 10.1080/00346764.2019.1669811

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