Economic pluralism proposes that economists and social planners should consider alternative theories to establish a range of policy actions. Neoclassical, Feminist and Marxian theories evaluate well-grounded causes of wage discrimination. Racist attitudes, uncertainties regarding minority...

The aim of this paper is to contribute to an innovative agenda in the field of Environmental Economics. The paper focusses on a conceptual and political perspective on the interactions between nature and economy. Section 1 states that Environmental Economics has to consider three fields: nature,...

A pluralist approach to economics is both necessary from anacademic as well a policy point of view. From an academicviewpoint pluralism can be understood as the outcome ofcompetition and specialization in the search for new ideasthat can deal with imperfections of the real world. From apolicy...

Historians of the social sciences and historians of economics have come to agree that, in the United States, the 1940s transformation of economics from political economy to economic science was associated with economists’ engagements with other disciplines – e.g. mathematics, statistics,...

The German philosopher Hans Albert has critizised the aprioristic nature of the neoclassical style of thought and has characterized it as "model Platonism". Apriorism is not confined to some lines of neoclassical though, however, but is, perhaps even more pronouncedly, present in Austrian...

Winter (2011), Pentland (2011), and Hodgson and Knudsen (2011) take issue with the arguments in Felin and Foss (2011), along with more generally critiquing the “microfoundations project” related to routines and capabilities. In this rejoinder we argue that the responses of our critics...

Behavioral economics emerged in the second half of the 20th century and has become an important social science research area. Some have argued that the emergence of behavioral economics (BE) amounts to a scientific revolution. That is, they argue that BE is becoming or has become the new,...

The current crisis has triggered significant debate concerning economic theory and policy. Largely absent from this debate is an informed discussion of the methods used by economists in analysing the economy and formulating their proposals. But method matters. Here I argue that current academic...

This paper is concerned with defining the characteristics of behavioral economics (BE), identifying the different strands of BE, and carefully comparing BE to mainstream economics. The job of comparison is first to identify the key dimensions (related to its approach to science) along which BE,...

This paper compares and contrasts two schools of political economy: the Austrian School, prominent members of which include Friedrich Hayek and Ludwig von Mises; and the Bloomington School, which was founded by Elinor and Vincent Ostrom. It is argued that the two traditions share a good deal in...