Glossary/Heterodox Economics: Difference between revisions
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While there is no single definition of Heterodox Economic Theory, the different schools of thought in this field generally share the rejection of the [[Glossary/Neoclassical Economics|neoclassical economic]] orthodoxy as representing the appropriate tool for understanding economic and social life. <br> | While there is no single definition of Heterodox Economic Theory, the different schools of thought in this field generally share the rejection of the [[Glossary/Neoclassical Economics|neoclassical economic]] orthodoxy as representing the appropriate tool for understanding economic and social life. <br> | ||
Heterodox theories generally reject neoclassical economics and the assumption of "homo economicus" or that individuals naturally seek to maximize their individual utility. <br> | Heterodox theories generally reject neoclassical economics and the assumption of "homo economicus" or that individuals naturally seek to maximize their individual utility. <br> | ||
== Resources == | |||
[https://www.zotero.org/groups/3146785/mmtproject_library/collections/72FSTFEP Zotero Link] | |||
''(Work in Progress)'' | ''(Work in Progress)'' | ||
Revision as of 02:45, 13 June 2024
Definition:
While there is no single definition of Heterodox Economic Theory, the different schools of thought in this field generally share the rejection of the neoclassical economic orthodoxy as representing the appropriate tool for understanding economic and social life.
Heterodox theories generally reject neoclassical economics and the assumption of "homo economicus" or that individuals naturally seek to maximize their individual utility.
Resources
(Work in Progress)