The current issue of the Heterodox Economics Newsletter

The current issue is No. 325, April 1, 2024.
Our next issue is scheduled on April 22, 2024.

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The Heterodox Economics Directory

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The Heterodox Economics Directory contains information on heterodox economic associations, graduate and post-graduate programs, journals and book-series and much more.

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What is Heterodox Economics?

Heterodox Economics is an umbrella term covering various strands of economic thought as well as a series of interdisciplinary research fields. While heterodox economics is internally highly diversified, most heterodox economists agree on certain conceptual definitions (e.g. doing economics is to study the process of social provisioning in a broad sense), theoretical foundations (e.g. the role of uncertainty in economic action or the importance of the principles of effective demand and endogenous money) and a common epistemological framework, that takes the form of pluralist engagement.

These commonalities imply that heterodox economists do not necessarily reject any analysis based on the "holy trinity" of conventional economics, i.e. scarcity, rationality and equilibrium, but contest that, as in the current state of the economic discipline, economic research should always assume this holy trinity as the only relevant starting point for economic thought. Hence, while heterodox economics is on the one hand simply an open-minded, interested and critical starting point for analyzing economic issues, it also serves as a common denominator for those economic views, which are increasingly marginalized within the economics' profession.

"Heterodox economics refers to economic theories and communities of economists that are in various ways an alternative to mainstream economics. It is a multi-level term that refers to a body of economic theories developed by economists who hold an irreverent position vis-à-vis mainstream economics and are typically rejected out of hand by the latter; to a community of heterodox economists whom identify themselves as such and embrace a pluralistic attitude towards heterodox theories without rejecting contestability and incommensurability among heterodox theories; and to the development of a coherent economic theory that draws upon various theoretical contributions by heterodox approaches which stand in contrast to mainstream theory." (Frederic S. Lee, 2008. in The New Palgrave Dictionary of Economics)

A slightly more extensive introduction to heterodox economics is provided here.

Editorial Policy of the Newsletter

The Heterodox Economics Newsletters includes items topically related to heterodox economics and interdisciplinary economic research. It has an inclusive scope and basically relies on external submissions, which are edited according to some formal standards and compiled into a comprehensive document. Submissions can be made via as well as our Online-Submission Tool.

The Newsletter covers the following rubriques:

As a rule the Newsletter tries to be as comrehensive and accessible as possible and therefore includes items only once.

Book Reviews in the Heterodox Economic Newsletter

Anyone interested in reviewing books for the Newsletter should contact our book-review editor Erik Dean to request a complementary copy of the book they wish to review.

Guidelines for Book Reviews in the Heterodox Economics Newsletter can be found here.