On pluralism and economics Online publication date: Fri, 01-Jun-2018
by Victor A. Beker
International Journal of Pluralism and Economics Education (IJPEE), Vol. 9, No. 1/2, 2018
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.
Online publication date: Fri, 01-Jun-2018
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Pluralism and Economics Education (IJPEE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email firstname.lastname@example.org