Glossary/Heterodox Economics
Glossary | Concepts | Heterodox Economics
Maintained by: Daniel Hawley
(Work in Progress)
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