The Experts below are selected from a list of 3399 Experts worldwide ranked by ideXlab platform
Frederic S. Lee - One of the best experts on this subject based on the ideXlab platform.
-
handbook of research methods and applications in Heterodox Economics
2016Co-Authors: Frederic S. Lee, Bruce CroninAbstract:Despite the important critiques of the mainstream offered by Heterodox Economics, the dominant method remains econometrics. This major new Handbook provides an invaluable introduction to a range of alternative research methods better suited for analysing the social data prominent in Heterodox research projects, including survey, historical, ethnographic, experimental, and mixed approaches, together with factor, cluster, complex, and social network analytics. Introductions to each method are complemented by descriptions of applications in practice.
-
Handbook of Research Methods and Applications in Heterodox Economics - Handbook of Research Methods and Applications in Heterodox Economics
2016Co-Authors: Frederic S. Lee, Bruce CroninAbstract:Despite the important critiques of the mainstream offered by Heterodox Economics, the dominant method remains econometrics. This major new Handbook provides an invaluable introduction to a range of alternative research methods better suited for analysing the social data prominent in Heterodox research projects, including survey, historical, ethnographic, experimental, and mixed approaches, together with factor, cluster, complex, and social network analytics. Introductions to each method are complemented by descriptions of applications in practice.
-
Marx, Veblen, and the foundations of Heterodox Economics : essays in honor of John F. Henry
2015Co-Authors: Frederic S. LeeAbstract:Introduction Part I Radical ideas of Karl Marx and Thorstein Veblen 1. The Marxian and Veblenesque elements in the way I do Economics 2. Karl Marx, Thorstein Veblen, and the global financial crisis 3. The contemporary relevance of Karl Marx's Heterodox political economy 4. Veblen, Instincts and Exchange 5. A further Veblenian articulation of a monetary theory of production 6. Is conspicuous consumption a weak concept? An historical perspective on the French Revolution and capitalism 7. Veblen on economic method: a critical note Part II Heterodox Economics: alternative critical theory to the status quo 8. The "illusion" or "paradigm blindness" of Economics: ethical challenges to economic thought from the financial crisis 9. Economics and history: why economists and policy makers need to understand the latter 10. Speculative financial capitalism wacking out over an "impossible" profit rate: the infeasibility of a "usual" real average profit rate, considering fictitious capital, and its implications 11. Shaping the social determinants of value through economic ghostmanagement: an institutionalist approach to capital accumulation 12. The rise of money and class society: the contributions of John F. Henry Part III The Heterodox Economics of John F. Henry 13. Property and the limits to democracy 14. A conversation with John F. Henry 15. The bibliography of John F. Henry's writings
-
Donald W. Katzner, At the Edge of Camelot: Debating Economics in Turbulent Times
2012Co-Authors: Frederic S. LeeAbstract:Donald Katzner has written a very interesting and informative book about the emergence of the best known U.S. Economics department in radical-Heterodox Economics: University of Massachusetts at Amherst (or UMass). UMass was not the first Heterodox Economics department that was nationally recognized as Heterodox in some manner and turned out Heterodox doctoral students—that distinction belongs to the University of Texas; but in the 1970s Texas was transformed into a mainstream department. Prec...
-
Heterodox Economics and its Critics
Review of Political Economy, 2012Co-Authors: Frederic S. LeeAbstract:Heterodox Economics has its critics. Most of the criticisms are friendly comments and analysis directed towards improving Heterodox economic theory. However, the critics and their criticisms that are the concern of this article are the ones that challenge the existence of Heterodox economic theory and the community of Heterodox economists as manifested through their graduate programs, conferences, journals and identity. These critics observe that the academic status quo in Economics, as manifested in its department and journal rankings, rules of academic engagement, and its institutions and organizations, favor mainstream Economics and that it is unlikely to change in the future. Consequently, they argue that Heterodox economists can survive only if they become more like mainstream economists. With focus on assimilation, the critics direct their criticisms towards the social characteristics of the Heterodox community and to the personal characteristics of Heterodox economists. This article is a response to the critics.
Sheila C. Dow - One of the best experts on this subject based on the ideXlab platform.
-
Heterodox Economics: history and prospects
Cambridge Journal of Economics, 2011Co-Authors: Sheila C. DowAbstract:Frederic S. Lee's collection of essays makes a substantial contribution to our understanding of the history of Heterodox Economics, and to our sense of Heterodox Economics as a community. This paper explores issues arising from the collection in relation to the characterisation of this history, the understanding of Heterodox Economics itself and the nature and role of such a history from a historiographical perspective. The paper concludes with a discussion of the future of Heterodox Economics and an argument for a pluralist strategy for its promotion. Copyright The Author 2011. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.
-
Plurality in Orthodox and Heterodox Economics
Journal of Philosophical Economics, 2008Co-Authors: Sheila C. DowAbstract:Several observers have noted signs of a growing plurality in mainstream Economics. At the same time there has been a growing emphasis in Heterodox Economics on commonality. The purpose of this paper is to explore the nature of plurality in Economics in order to make sense of these characterisations, and to consider the issues raised by this plurality. The critical factor is to distinguish between plurality at the level of theory and evidence, at the level of methodological approach (plurality of methods), and at the meta-methodological level (a plurality of methodologies). First it is argued that, while there is plurality at the level of theory and even of type of evidence in orthodox Economics, there continues to be monism in terms of methodological approach, and in attitude to methodological alternatives. In Heterodox Economics, the commonality of methodological approach does not go far before emerging pluralistically into a variety of approaches. Indeed there is, at the meta-methodological level, a range of arguments in Heterodox Economics for a plurality of methodologies, that is, a recognition that it is legitimate (if not inevitable) that there is more than one approach to Economics.
-
The future for schools of thought in pluralist Economics
2003Co-Authors: Sheila C. DowAbstract:An occasion such as this first ICAPE conference reflects an increasing coherence, and openness to communication, among the different strands of Economics. The purpose of this paper is to address the questions this raises as to whether or not there is still a useful role for the concept of schools of thought. We explore first the categories of orthodox Economics and Heterodox Economics and how we can expect them to develop in the future. In particular, is the relationship between orthodoxy and Heterodoxy dualistic, and if so where does this leave pluralism in general and schools of thought within Heterodox Economics in particular? The meaning of pluralism is explored further with respect to Heterodox Economics, and the notion of structured pluralism is developed. Structured pluralism can be understood in terms of categories, connections and absence of connections, which, like pluralism, can be applied at a variety of levels. Categories are necessary for knowledge, and some (incomplete) connectivity is necessary for the process of building up new knowledge. The social system, similarly, functions by means of the categorisation of institutions, and (incomplete) connections between them. In the same way, schools of thought are a necessary part of the process of building up and communicating economic knowledge, within a pluralist framework. It is concluded therefore that schools of thought will continue to play an important role in terms of different communities and approaches within Heterodox Economics. But it is in the nature of structured pluralism that the structure is partial, and thus not all-encompassing. It is also provisional and therefore subject to change. In this way schools of thought are enabling rather than constraining.
-
Prospects for the progress of Heterodox Economics
Journal of the History of Economic Thought, 2000Co-Authors: Sheila C. DowAbstract:What are the prospects for progress in Heterodox Economics? The question posed for this roundtable discussion raises a wide range of important issues, for Heterodox Economics and for Economics as a whole. In order to clarify some of these issues, this contribution approaches the question from a practical point of view: what strategy would promote the progress of Heterodox Economics?
-
Roundtable: The Progress of Heterodox Economics
Journal of the History of Economic Thought, 2000Co-Authors: A. W. Bob Coats, Sheila C. Dow, Daniel R. Fusfeld, Roger E. Backhouse, Craufurd D. Goodwin, Malcolm RutherfordAbstract:The central theme of this session is the changing relationship between “orthodox†(i.e., mainstream, neoclassical) and “Heterodox†Economics, especially in the USA, during the past two or three decades. Economics is such a large and heterogeneous discipline that it cannot be characterized both briefly and accurately. Alongside the growth of formalization and mathematization, and the high degree of uniformity in the undergraduate and graduate curricula and in the leading textbooks, there are also within the subject a number of dissenting or deviant doctrinal schools, rival methodological approaches, and innovative developments designed to remedy its defects and/or overcome its limitations. Moreover, many of the outspoken criticisms of the status quo, proposed remedies, and innovations, originate with or are endorsed by prominent economists with impeccable professional credentials. Indeed, in some cases their contributions threaten the discipline's foundations and can, therefore, be considered a species of “orthodox subversion.â€
David A. Spencer - One of the best experts on this subject based on the ideXlab platform.
-
Developing an understanding of meaningful work in Economics: the case for a Heterodox Economics of work
Cambridge Journal of Economics, 2014Co-Authors: David A. SpencerAbstract:The idea that work has meaning and is meaningful beyond its contribution to consumption has been largely absent from mainstream Economics. This paper gives reasons for why mainstream Economics has neglected the idea of meaningful work. It identifies the idea of the disutility of work, the assumption of free choice on the part of workers and the use of a formal and individualistic method as key constraints on the ability of mainstream Economics to incorporate the idea of meaningful work. It also addresses the contribution of happiness Economics and shows how it is unable to encompass the idea of meaningful work. Ideas on work from Heterodox Economics are then discussed. These ideas provide essential insight and inspiration for the incorporation of the idea of meaningful work into the Economics of work. In all respects, the paper seeks to contribute towards the development and promotion of a Heterodox Economics of work that has the goal of meaningful work at its centre.
-
Understanding the Global Financial Crisis: Sociology, Political Economy and Heterodox Economics
Sociology, 2014Co-Authors: Andrew Brown, David A. SpencerAbstract:This article argues that collective development of an understanding of the global financial crisis and ensuing austerity requires an alliance between sociology, ‘Heterodox Economics’ and related disciplines within the broad tradition of ‘political economy’. It introduces ‘Heterodox Economics’ as a body of thought that emerged in response to the failure of mainstream Economics to theorise coherently the capitalist system as a whole, suggesting that Heterodox Economics is potentially an aid to overcoming the historical split between Economics and sociology. The article argues that, beyond understanding the crisis, an alliance of sociology and Heterodox Economics can help strategically and politically in challenging and overcoming the theory, ideology and policy advice of mainstream Economics. It can also help broaden ideas about how society and economy may be organised in a post-crisis future.
Bruce Cronin - One of the best experts on this subject based on the ideXlab platform.
-
Heterodox Economic Journal Rankings revisited
Contemporary Issues in Heterodox Economics, 2020Co-Authors: Bruce CroninAbstract:In 2010 Frederic Lee and Bruce Cronin published an influential ranking of Heterodox economic journals, combining traditional citation impact factors with network metrics to indicate a journal's contribution to distinguishing Heterodox Economics as an academic field distinct from orthodox Economics. Since 2010, and particularly in the context of the global financial crisis and great recession, Heterodox Economics has further consolidated as a distinctive academic field. At the same time, there has been a growing critique of the limitations of traditional citation impact factors as indicators of quality, including the great reductionism inherent in the method, the greatly variation in citation practices from discipline to discipline and the limited conception of academic interaction and collaboration modeled. In this paper I revisit the Lee-Cronin (2010) rankings, updating the metrics and comparing these to an alternative model drawing on recent developments in subject-normalized journal impact factors. I argue that a strong case remains for conceiving Heterodox Economics as a distinct academic field and consider the implications for institutionalization of the field.
-
handbook of research methods and applications in Heterodox Economics
2016Co-Authors: Frederic S. Lee, Bruce CroninAbstract:Despite the important critiques of the mainstream offered by Heterodox Economics, the dominant method remains econometrics. This major new Handbook provides an invaluable introduction to a range of alternative research methods better suited for analysing the social data prominent in Heterodox research projects, including survey, historical, ethnographic, experimental, and mixed approaches, together with factor, cluster, complex, and social network analytics. Introductions to each method are complemented by descriptions of applications in practice.
-
Handbook of Research Methods and Applications in Heterodox Economics - Handbook of Research Methods and Applications in Heterodox Economics
2016Co-Authors: Frederic S. Lee, Bruce CroninAbstract:Despite the important critiques of the mainstream offered by Heterodox Economics, the dominant method remains econometrics. This major new Handbook provides an invaluable introduction to a range of alternative research methods better suited for analysing the social data prominent in Heterodox research projects, including survey, historical, ethnographic, experimental, and mixed approaches, together with factor, cluster, complex, and social network analytics. Introductions to each method are complemented by descriptions of applications in practice.
-
The Diffusion of Heterodox Economics
American Journal of Economics and Sociology, 2010Co-Authors: Bruce CroninAbstract:Heterodox Economics is in part defined by exclusion from orthodox circles and there is an understandable tendency for Heterodox economists to engage primarily with each other outside these circles. Yet the critique offered by Heterodoxy speaks more widely. This study examines the diffusion of Heterodox economic ideas beyond the immediate confines via an analysis of the citation of Heterodox economic journals by other journals. The diffusion of Heterodox Economics across wider disciplines is traced utilizing data from Emerald, Wiley, and Sage bibliographic databases. Employing the techniques of social network analysis, key journals in the diffusion process are identified, with implications for Heterodox Economics publishing strategy and engagement in valuation processes. Copyright © 2010 American Journal of Economics and Sociology, Inc..
Geoffrey E. Schneider - One of the best experts on this subject based on the ideXlab platform.
-
Critical thinking within a multi-paradigmatic approach: introduction to the symposium on innovations in Heterodox Economics education
Review of Keynesian Economics, 2017Co-Authors: Geoffrey E. Schneider, Daniel A. UnderwoodAbstract:The primary theme that emerges from this symposium is that teaching Heterodox Economics effectively becomes an exercise in creating a structure that facilitates sophisticated critical thinking via discovery-based learning. This can be done with carefully designed exercises or assignments that contrast mainstream and Heterodox models, service learning experiences that ground students in real-world experiences, or the construction of course, curriculum and textbook designs that juxtapose mainstream and Heterodox theories and ideas in sophisticated ways. We outline the major contributions of this symposium to the literature on teaching Heterodox Economics. Those summaries are followed by descriptions of some approaches we use in our own courses that promote sophisticated critical thinking in a multi-paradigmatic, discovery-based setting. The final section of the paper concludes and suggests future directions for research into Heterodox teaching and pedagogy.
-
Teaching Heterodox Economics: Introduction to the Special Issue
Forum for Social Economics, 2009Co-Authors: Geoffrey E. SchneiderAbstract:This introduction to the special issue of the Forum for Social Economics on teaching Heterodox Economics provides an overview of the papers in this volume. The papers demonstrate that Heterodox economists are particularly gifted at explaining the dynamics of the real world economy; therefore, Heterodox Economics instruction often specializes in, and benefits from, immersing students into real world situations. Heterodox economists push pedagogic boundaries by directly confronting students with real-world data and situations. In the process, students achieve a rich understanding of the world as it is and not as a hypothetical myth. The overview of papers is followed by suggestions for future work on teaching Heterodox Economics, and acknowledgments of those who made this special issue possible.