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Heterodox economics as a scientific community: problems, prospects and alternative strategies

journal contribution
posted on 13.01.2021, 12:28 by Geoff Hodgson
Tony Lawson, Andrew Mearman and several others have noted that there is little consensus on the meaning of the term heterodox economics. Heterodox economists seem more united by their prevailing leftist ideology than by theoretical agreement. There are further problems impairing progress within the heterodox camp. While diversity and pluralism are desirable, insights from the philosophy and sociology of science suggest that productive and innovative communities of researchers also rely on some degree of institutionalized consensus, around positions of academic power, resources and authority. Science is a social process with a division of labour, embedded in institutionalized systems of power. While healthy science depends on innovation and diversity, some empowered consensus over basic ideas is essential to monitor quality, to maintain standards, to avoid ongoing critical discussions of potentially everything, and to establish shared principles and questions that can be appraised extensively by incentivized, interacting researchers. Some possible strategies to deal with these problems for heterodox economics are considered.

History

School

  • Loughborough University London

Published in

History of Economic Ideas

Volume

27

Issue

3

Pages

67 - 93

Publisher

Fabrizio Serra Editore

Version

AM (Accepted Manuscript)

Rights holder

© Fabrizio Serra Editore

Publisher statement

This paper was accepted for publication in the journal History of Economic Ideas and the definitive published version is available at https://doi.org/10.19272/201906103004.

Acceptance date

20/07/2019

Publication date

2019-12-01

Copyright date

2019

ISSN

1122-8792

eISSN

1724-2169

Language

en

Depositor

Prof Geoff Hodgson. Deposit date: 12 January 2021