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Cambridge Journal of Economics Advance Access originally published online on December 9, 2005
Cambridge Journal of Economics 2006 30(4):483-505; doi:10.1093/cje/bei093
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© The Author 2005. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Article

The nature of heterodox economics

Tony Lawson*

* Faculty of Economics and Politics, Cambridge

Address for correspondence: Faculty of Economics and Politics, Sidgwick Avenue, Cambridge CB3 9DD, UK; email: Tony.Lawson{at}econ.cam.ac.uk

Abstract

Heterodoxy serves as an umbrella term to cover the coming together of separate projects or traditions. In answering the question, ‘what distinguishes heterodoxy from the orthodoxy?’, the author argues that matters of ontology are central. In answering the question, ‘how are the various traditions that make up the modern heterodoxy to be distinguished from each other?’, the author defends criteria other than varying commitments to specific substantive theories, policy measures or techniques (or basic units) of analysis.

Key Words: Heterodox economics • Orthodox economics • Ontology

JEL classifications: A12, B00, B40, B50, B59

Manuscript received November 7, 2003; final version received August 5, 2005.


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