Heterodox Economics Puns

Heterodox Economics

[Beginner] The Social Costs of Business Enterprise - Karl William Kapp

<http://www.kwilliam-kapp.de/documents/SCOBE_000.pdf&gt;

+ What happened to Kapp’s theory of social costs? - Vítor Neves

<https://sci-hub.se/10.1080/09538259.2016.1208896&gt;

The Best Uses of Economic Resources - Leonid Kantorovich

<http://digamo.free.fr/kantoro65.pdf&gt;

The Entropy Law and the Economic Process - Nicholas Georgescu-Roegen

<https://de1lib.org/book/2729999/f53501&gt;

+ The Entropy Law and the Economic Process in retrospect

<https://booksc.org/book/29153409/15c8c9&gt;

+ The new entropy law and the economic process - Alan Raine

<https://booksc.org/book/20067959/501ba9&gt;

+ A defense of Nicholas Georgescu-Roegen’s Paradigm - Gabriel A. Lozada

<https://sci-hub.se/https://doi.org/10.1016/0921-8009(91)90015-7&gt;

Fractals and Scaling in Finance - Benoit B. Mandelbrot

<https://www.pdfdrive.com/fractals-and-scaling-in-finance-discontinuity-concentration-risk-selecta-volume-e-d157652398.html&gt;

+ The Effortless Economy of Science? - Philip Mirowski

[(p251) Chapter 10: Mandelbrot's Economics after a Quarter-Century]

<https://b-ok.cc/book/6102074/0c369f&gt;

Selected Essays on the Dynamics of the Capitalist Economy - Michal Kalecki

<https://b-ok.cc/book/2491888/1429ae&gt;

+ What is Wrong with Heterodox Economics? - Egmont Kakarot-Handtke

<https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1845803&gt;

+ Answers (and Questions) for Sraffians (and Kaleckians) - Steve Keen

<https://sci-hub.se/10.1080/09538259800000048&gt;

+ Questions for Kaleckians: a response - Malcolm Sawyer

<https://sci-hub.se/10.1080/09538259200000012&gt;

Dynamic Economic Systems

I know about all the different journals covering orthodox economics such as The American Economic Review, Econometrica etc. I would like to read more about Heterodox schools such as Marxism, Austrian economics, Henry George's ( I think it is called Georgism ) but other the Quarterly Journal of Austrian economics, I cannot find any other popular journal on non-orthodox economics. Can you make any suggestions?

The subreddit title is dedicated to Hyman Minsky, an economist who predicted the speculative behaviour that led to the 2008 Crisis. While the Red Scare meant he could never let himself advocate socialism publicly, he described the new contradictions in modern financialized capitalism well. The rest of this post will be used as a place for the community to find and recommend resources!

Minsky Software

Importantly, the Australian economist Steve Keen has collaborated with coder Russell Standish to create an open-source economic modeling software called "Minsky" that is capable of making economics significantly more accessible to people, more fun, and allow heterodox economists like us to test our math and theories in simulations.

Youtube Channels

The Marxist Project: animations of Marxian economics, such as the most detailed breakdown of interacting circuits of capital and labor I've seen before. Makes Marx more digestible with visuals.

blobMetropolis: animations of heterodox economic concepts.

Mike Norman: Editor of paid subscription magazine MMT Trader with an insightful YT channel.

Institute for New Economic Thinking: Great channel interviewing non-Orthodox economists from around the world.

Centre For Popular Economics: Group of heterodox political economists from US.

More to be added as the community recommends...

Hello, I have a roughly ~2000 word heterodox economic proposal I would like to get feedback and a more experienced/mainstream perspective on, but posting it here seems like it would violate rule 5. Am I correct? And if so where's a better place to post? Thanks in advance!

Sowell has some very unique takes on just about every political subject. Is the silence on his ideas the DISC in action, is he too controversial or has he been thoroughly debunked? Eric has yet to mention him AFAIK.

Most of the people I meet in these circles are usually those who want a neoliberalism with human face. They still believe in the basics of Neo classical thinking - ie human beings as consumers, limited states, free markets, free trade, better regulation, little bit welfare, focus more on climate and so on.

So I was just wondering if there is somebody who has turned heterodox from the Marxist direction instead of turning Heterodox as a result of frustration with the dominance of neoliberal hegemony?

Thanks

Hi all, I just subbed recently but have had an interest in Anarchism since reading Chomsky years ago.

I'm wondering if there are any introductory essays or articles that lay out pros and / or cons of the UK Brexit from an Anarchist (anti-capitalist anti-neoliberal) economic perspective?

Thanks for an informative forum.

I'm looking for resources on learning post-Marxist, neo-Marxist or modern anarchist economics/theory. I am already familiar with David Harvey, Michael Albert and Paulo Freire's works. Any works that go into depth on financial market (like David Harvey) would also be great.

https://np.reddit.com/r/CapitalismVSocialism/comments/99p4v5/questionsource_of_marxs_mistake/e4pzyco/

.

>The source of Marx's mistake is taking LTV and running with it. His work could have been a giant reductio ad absurdum of LTV (by reaching a silly endpoint when following it to its conclusion). That would have just barely beat the mark of the Marginalists to discarding LTV. Unfortunately for humanity, he thought the ridiculous conclusions he reached were actually correct.

.

>Viewing the world in class terms and not individual terms has also allowed socialists in power to justify murdering people by the millions. I wouldn't be too proud of the socialist disdain for individuals and methodological-individualism. It may be precisely because socialism cannot be expressed in methodological-individualism terms that it cannot be implemented.

Hello, Im playing with the idea of going to grad school for economics. I love econometrics and macroeconomics, but I’m looking for a heterodox program that focuses more on post keynesian microeconomics. Im not a fan of the RARE base of neoclassical economics and think keynesian theory is more realistic in microeconomics terms. I was wondering if there are programs like this? I haven’t seen this question asked or answered on here before so I’m just wondering.

Essentially I’m trying to avoid taking standard Microeconomics Theory I because I really just don’t believe in the core assumptions. To be clear, I’m not trying to avoid microeconomics at the graduate level, that I can do, I was just looking for a program that offers a post keynesian perspective to microeconomics.

Thanks!

I would like to study somewhere that takes a pluralist approach to teaching. Currently I think Kingston University in the UK is my best bet as Steve Keen has recently been appointed as the head of school there but I'm curious to know if there are other options. Also it would be nice if the course makes me more employable afterwards.

In various capacities, such as fiscal policy prescriptions, monetary policy prescriptions, methodology, conclusions, etc.

I understand that there's not going to be one clear-cut answer, but it's an interesting question nonetheless.

I'm curious as to what you guys think of books like Steve Keen's Debunking Economics and Ha-Joon Chang's 23 Things They Don't Tell you about Capitalism and The Myth of Free Trade. I've done a cursory overview of these books and I can tell there's some iffy sophistry in there (Keen literally denies the money multiplier's existence and Chang thinks US protectionism in the 1800s vindicates protectionism), but they're just so well-ranked among people that I have to at least consider reading them. There's the obvious possibility that there's just an echo chamber going on among the raters. But I still wanna know if there's any insights they make. And as always, if these are bullshit and not worth my time, what makes you say that?

I've being seeing a lot of controversy surrounding heterodox economics and I wonder why..I applied to UMass Amherst's Econ PhD program (hoping so much to get in) because I really liked the courses and research interests. But the controversy surrounding heterodox economics bothers me..Why do people hate it so much? Economics is a social science and I believe that its not 'unorthodox' to explore the social science aspect.

I already come from a background of double majoring in math and econ and would love to explore courses like UMass is teaching. I want to know if Heterodox economics is not looked down upon if I am considering jobs in non academic fields? (not banks but jobs like in the UN or social, developmental sector) Thank you!

New to economics. I found one paper that on this details the differences, but wanted to know if there are any others? Are there any books/book-chapter(s) on this? Thanks in advance.

http://www.jpe.ro/poze/articole/10.pdf

Pluralism is the concept that there is no single methodology that is always the correct one for discovering scientific truths, so multiple approaches and methodologies are required for a complete scientific understanding of a subject. Heterodoxy refers to those approaches to a subject that are outside of the generally accepted mainstream. While pluralism and heterodoxy are not necessarily inconsistent, heterodox economists tend to follow one particular methodology or school of thought rather than taking an eclectic approach to economic understanding, and heterodox economists often criticize approaches other than their own. Thus, in most cases, heterodox economists, by defending their own schools of thought and critiquing other approaches, are not pluralistic. The paper advocates a pluralistic approach to the social sciences over the more narrow approaches typically promoted by heterodox schools of thought.

I've always wondered exactly what place heterodox departments and thought has in the mainstream economics context, especially academically. What are your thoughts on people who have been trained in a heterodox approach, or on the type of research that heterodox departments do every year?