pluralism, the definition and project of heterodox economics, its relationship to the changing form of mainstream, and the merit …The renowned institutionalist Geoffrey Hodgson has claimed inter alia that heterodox economics has failed to define its … nature and scope, does not take pluralism seriously, and lacks expertise concentration to ensure quality which means it has …

The state of contemporary economics had been a subject of discussion even before the most recent global financial …. Nevertheless, there is neither a consensus over the form of pluralism that is required (whether this is a theory, method, or … paradigm pluralism, for example), nor agreement among economists over the underlying diagnosis of a lack of pluralism. Even the …

desirable, I derive the conclusion that pluralism with regard to economic research programs is a more viable position to hold … system, economics self-organizes towards a state of scientific unity. Since such a state is epistemologically inferior to a …

The article discusses the ongoing debate about a potential paradigm shift in eco-nomics. Institutions like the … Institute for New Economic Thinking, the New Economics Foundation, and the Forum New Economy have been established to foster new … economics, rather than a complete overhaul of the discipline. The article concludes that while mainstream economics may become …