From outer circle to center stage: The maturation of heterodox economics

Abstract

This is chapter 2 of the book "Future Directions in Heterodox Economics" by John T. Harvey and Robert F. Garnett, Jr., Editors. The inner circle of neoclassical economics has limited its horizons, increasing the scope for heterodox economists to claim ever more of the most important issues. Two values contend for primacy: being scientific, and being relevant. These need not—and should not—be in conflict; an important goal for economics in the future is to bring them into better harmony.Heterodox economics, contextual economics, neoclassical theory, economic goals, history of economic thought