The Future of Economics in a Lakatos–Bourdieu Framework

Arne Heise

MPRA Paper from University Library of Munich, Germany

Abstract: The global financial crisis has clearly been a matter of great consternation for the business-as-usual faction of mainstream economics. Will the World Financial Crisis turn out to be that experimentum crucis that triggered a scientific revolution? In this article, we seek to assess the likelihood of a paradigm shift toward heterodox approaches and a more pluralist setting in economics emerging from the academic establishment in the United States—that is, from the dominant center of knowledge production in the economic discipline. This will be done by building the analysis on a combined Lakatosian framework of “battle of research programs” and a Bourdieuian framework of “power struggle” within the academic field and highlighting the likelihood of two main proponents of the mainstream elite to become the promulgator of change.

Keywords: Paradigm; heterodox economics; scientific revolution (search for similar items in EconPapers)
JEL-codes: A11 E11 E12 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Published in International Journal of Political Economy 3.43(2014): pp. 70-93

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/80024/1/MPRA_paper_80024.pdf original version (application/pdf)

Related works:
Journal Article: The Future of Economics in a Lakatos–Bourdieu Framework (2014)
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:pra:mprapa:80024

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().