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Heterodox economics differs from orthodox or mainstream economics. It draws on a multiplicity of ideas, disciplines, methods and voices to present a more radical alternative to the dominant paradigm of neoclassical economics, which is viewed as overly narrow and blind-sided to how economies actually work.
Andrew Trigg traces the heterodox tradition from its origins in the anti-capitalism ideas of the first half of the nineteeth century, through to Keynes and the present day. He shows the plurality of ideas which inform its history – including social theory, feminism and environmental thought – and the methodological challenge they present to mainstream economics. The book also considers the prospects for heterodox economics and whether it will continue to remain outside the citadel.
Economics as a discipline is in urgent need of a rethinking and it needs to take heterodox approaches more seriously. Andrew Trigg has produced an outstanding work on the topic that manages to be at the same time an accessible, but informative overview for students and a original academic contribution on the development and main currents in heterodox economics.
— Engelbert Stockhammer, Professor of International Political Economy, King’s College London
Andrew Trigg is Professor of Economics at the Open University. He is a founding member and co-ordinator of the Association for Heterodox Economics.