Title: On pluralism and economics
Authors: Victor A. Beker
Addresses: University of Belgrano, Zabala 1837, Buenos Aires, Argentina; University of Buenos Aires, Cordoba 2122, Buenos Aires, Argentina
Abstract: After the 2007-2008 financial crisis exposed the shortcomings of mainstream economic theory the need for pluralism in economics has become more acute. Pluralism appears as the main alternative to avoid the threat to economic science posed by the monopoly of an economic theory divorced from reality and real-world problems. This paper argues that rather than one unique economic theory, there is a collection of economic theories - our collective diversified intellectual portfolio - that compete with each other. Pluralism in economics education is a necessary precondition to enable a level playing field where students have equal access to different theories. However, the difficulties to implement such an approach should not be underestimated. From a practical point of view, it is suggested that implementing a unique digital platform would greatly help to present heterodox ideas and develop internal debate.
Keywords: pluralism; realism; heterodox economics; mainstream economics.
International Journal of Pluralism and Economics Education, 2018 Vol.9 No.1/2, pp.204 - 215
Received: 13 May 2017
Accepted: 20 Feb 2018
Published online: 01 Jun 2018 *