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Index

abstraction or isolation, 66 Australia, 50, 77, 157 Acemoglu, Daron, 172 Austrian school economics, 7–9, 11, Ackerman, Robert, 91 26, 35–9, 50, 52, 57–61, 72, 136, Adaman, Fikret, vii 160, 166 agent-based models, 82, 93, 100 Axelrod, Robert M., 118, 121, 128 Aglietta, Michel, 16, 60 Ayres, Clarence E., 28 Aistleitner, Matthias, 144 Akerlof, George A., 84, 101 Backhouse, Roger E., 2, 17, 19, 69, Albert, Michael, vii 84, 159, 172 Alchian, Armen A., 117–118 Bannister, Robert C., 109 Aldrich, Howard E., 109, 121, 125, Baumgartner, Hans, 112, 143 128 Becker, Gary S., 79, 84, 86, 91, 93, Ali, Tanweer, viii 173 Allen, Peter M., 142 behavioural economics, 12, 28, 30, Allen, R.T., 9, 81 48, 59–60, 73, 78, 84, 87–9, 92, altruism, 79, 84, 102 96–102, 106–7, 116–18, 142–3, American Economic Association, 37, 147–9, 160, 162 43, 50 new, 12, 87–9, 97, 102 American Economic Review, 94, 105 behavioural finance, 88, 142–3 American Sociological Association, behavioural theory of the firm, 89 165 Bentham, Jeremy, 78, 81, 100, 168 anthropology, 121, 128, 174 Berg, Nathan, 88 Aoki, Masahiko, 172 Berger, Sebastian, viii, 32 appreciative theory, 120 Bertalanffy, Ludwig, 57 Arestis, Philip, viii, 59 Besley, Timothy, 1 Arndt, H.W., 159 Bhaskar, Roy, 58, 64, 71–2, 111 Arrow, Kenneth J., 14, 25–7, 39, 48, Bhupatiraju, Samyukta, 114 52–5, 63, 85, 159 bibliometrics, ix, 13, 94, 112–6, 122, Arthmar, Rogério, 65 124, 129, 144 Arthur, W. Brian, 111 biology, 63, 69, 80, 97, 128, 130, 174 Aspromourgos, Tony, 85 Bladel, John P., 136 Association for Evolutionary Blau, Peter J., 139 Economics, 43, 59 Blaug, Mark, 24–6, 31, 34, 38–9, 68, Association for Heterodox Economics, 84, 91, 143, 145, 148 49, 50 Blinov, Evgeny, 5 Association for Social Economics, 44, Bliss, Christopher, 42, 50–51 165 Boas, Taylor C., 160 Atkinson, Anthony B., 168 Boehm, Christopher, 104, 128, 170 austerity, 1, 51–3, 155–6 Boettke, Peter J., 37, 166

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Boland, Lawrence A., 90 Case, Donald O., 121 Borgatti, Stephen P., 132 causality, 28, 91 Boulding, Kenneth E., 109 Cawkell, A.E., 131 Boulton, Matthew, 5, 6 Cedrini, Mario, 97, 124, 139, 163 Bowles, Samuel, 60, 79, 84, 128 central planning, vii–viii, 8, 29, Boyd, Robert, 118, 121, 128 32–40, 111, 136–9 Boyer, Robert, 16, 60 of science, 135 Brady, Michael Emmett, 65 Chandler, Alfred D. Jr, 118 Braun, Eduard, 35 Charness, Gary, 79, 84 Bricmont, Jean, 138 Charusheela, S., 61 Cherrier, Béatrice, 84 Buchanan, James M., 158 Chester, Lynne, viii Bunge, Mario, 57 Chicago school, 11, 32, 37 Burczak, Theodore, 37 and Pinochet’s Chile, 34 Burgin, Angus, 135, 160 Chicago, University of, 20, 94, 159 Busenitz, Lowell W., 112 Chick, Victoria, 58, 65 business schools, 89, 112–13, 116–17, Chile, 34 120–23, 126, 130, 149–50, 157, China, 33–4, 76 160, 166–7 choice of techniques, 30 Buss, David M., 128 Christ’s College, Cambridge, 47 Butler, Gavan, 158 Chung, Joseph Sang-Hoon, 33 Butros, William N., 136 Clare Hall, Cambridge, 19 Clarivate Analytics, 115, 120, 130–31, Cahlik, Tomas, 112 174 Cambridge Journal of Economics, 25, Clark, John Bates, 21–4 44, 151 Clark, John Maurice, 32 Cambridge University, v, 2, 4, 10–51, classical economics, 26, 62, 96 63, 64, 70, 73, 80, 110, 160, Cliff, Tony, 75 176 climate change, 104, 143, 170 Cambridge, Massachusetts, 22 closed systems, 53, 57–8, 65 Camerer, Colin F., 84, 88, 92, 170 Coase, Ronald H., 32, 59, 68–70, Camic, Charles, 28 84–5, 100–101, 120, 136, 145, Campbell, Donald T., 125, 128 172–3 Cantabrigian heterodoxy, 10–48, Coats, A.W., 2, 96, 148 60–61, 73, 80 Cohen, Avi J., 23, 25 Canterbery, E. Ray, 16, 18, 39 Cohen, David K., 136 capital, 18, 21–6, 34–5, 42–3, 67, 100 Cohen, Wesley M., 117–18 nature of, 23, 35 Colander, David C., viii, 11–13, 64, capital goods, 21–5 78, 80, 85–9, 94, 96, 100, 107, capital reswitching, 22 153, 162–5, 174 capital reversing, 22 Cold War, 42 capital theory, 18, 21–3, 43, 67 Coldicutt, Samuel, viii, 44–7 capitalism, vi, 5, 8, 9–11, 22–4, Collier, Andrew, 71–2 27–35, 38–9, 42, 48, 61–3, 71–2, Collier, James H., 137 75–6, 82, 158, 160 Collins, Randall, 3, 123, 140, 150, see also market economies 166 definition of, 75 Columbia University, 43, 94 Carvallo, Fernando, viii, 59 common ownership, vii, 85, 111

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Index 225

Commons, John R., 28–9, 32 Davis, John B., viii, 12, 14, 64, 78, communism, vii, 23–36, 42, 60 85–7, 93, 96, 101, 142, 153–4, Communist Party, 20, 36 162, 169 competition, 19, 24, 38, 51, 60, Dawkins, Richard, 118 136–40 De Soto, Hernando, 35 complexity, vii–viii, 1, 5, 30, 33, 56, De Waal, Frans, 104, 128, 170 66–7, 74–6, 81, 98–100, 106, decentralized coordination 111, 137, 143–9, 168, 172, 175 mechanisms or systems, viii, 137 Comte, Auguste, 56 deductivism, 53, 57, 64–5 consensus in science, 3–4, 7, 13, 32, meaning of, 57 37, 58, 73, 82, 113, 123, 127, definitions, nature of, 73–6 129, 134, 138–46, 150–57, 161, Dequech, David, viii, 3, 5, 14, 49, 78, 167–8, 174 145 consequentialism, 81 Devine, Pat, vii conservativism, 8–9, 30, 81, 98, 141, Dewey, John, 101, 171 168 Di Tella, Rafael, 84 continental drift, 146 Dickinson, Henry D., 8, 35–6, 52 cooperation, 19, 21, 121, 128–9, Dikötter, Frank, 34 139–40 DiMaggio, Paul J., 118 cooperatives, 47 discrimination, 20, 62 Copernicus, Nicolaus, 97–8 distribution, theory of, 14, 21–2 Cosmides, Leda, 128 Dobb, Maurice, 20–21, 30, 33, 36, 38, Courtois, Stéphane, 34 41 Crane, Diana, 124 Dolfsma, Wilfred, viii, 114 Crash of 2008, 1–2, 94–5, 100, 134, Dollimore, Denise, viii, 125 154, 167 Dopfer, Kurt, 127 Crespo, Ricardo, viii, 90 Dosi, Giovanni, 111, 113, 117, 126 critical realism, 57–8, 63–4, 69–72 Dow, Sheila, viii, 1, 58–9, 62, 65, 70, political undercurrents of, 71–2 73–4, 88, 90, 140, 157, 163 Cross, Rod, 148 dualism, 73–4, 77 Duesenberry, James S., 147 Culnan, Mary J., 112, 132 Duhem-Quine thesis, 148–9 Cultural Revolution, 34 Dunning, John H., 121 Cyert, Richard M., 89, 118, 129 Durand, Rodolphe, 109 Durbin, Elizabeth, 18, 37 D’Amico, Daniel J., 136 Dymski, Gary, viii, 59, 167 Dachs, Bernard, 130 dynamic stochastic general Dagdeviren, Hulya, viii equilibrium models, 94 Daly, Herman E., 54 Darwin College, Cambridge, 19 Earl, Peter E., viii, 1, 30, 32, 87–8, Darwin, Charles, 6–7, 13, 98, 104, 97, 154, 162 110–11, 118, 121, 128, 170 Eaton, B. Curtis, 59, 110 Darwin, Erasmus, 5–6 Eatwell, John, 21, 27–32, 38–9, 62–3 Darwinism, 97–98, 109–10, 125–8 ecological economics, 58, 72 social, 109 Econometrica, 94, 105 David, Paul A., 118 econometrics, 58, 67, 70–71, 82, 172 Davidson, Paul, 15, 43, 50 economic approach, 86, 93

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Economic Journal, 44, 94, 105 Fischbacher, Urs, 79, 84 Economica, 94, 105 Fischer, Lilian, 1–2 economics of the family, 164 Fisher, Irving, 79 Eddington, Arthur, 99 Fleetwood, Steve, 58, 65 Edgeworth, Francis Y., 6, 24, 79 Fontana, Magda, 97, 124, 139, 154, Edgeworth, Maria, 6 162–3 Edgeworth, Richard Lovell, 5–6 Foss, Nicolai Juul, 111 Edwards, Richard C., 39 Fourcade, Marion, 96, 143 Eichner, Alfred, 43 France, 60 Einstein, Albert, 85, 97, 99, 126, Freedman, Craig, 11 146–7 Freeman, John, 118, 121, 126 Elizabeth II, Queen, 1 Friedman, Daniel, 109 Elsner, Wolfram, 4, 151 Friedman, Milton, 11, 14, 24, 39, 69, Elster, Jon, 8, 52–5, 63 117–18, 145 emotions, 103–4 Fullbrook, Edward, 2, 65, 70, 154 empirical turn in economics, 84, 97 Fuller, Steve, 137, 143 endogenous growth theory, 116–20, Furubotn, Eirik, 173 127–8 Engels, Frederick, vii Gagliardi, Francesca, viii epistemic communities, 123, 137 Galbraith, John Kenneth, 31–2 epistemology, social, viii, 12–13, 123, Gallegati, Mauro, 100 134, 137–8, 141, 144, 175 Galton, Francis, 6 equilibrium, 7, 13–14, 26, 38, 53, 60, Galton, Samuel, 5–6 64, 78, 85–8, 95, 107, 127 game theory, 8, 14, 52, 58, 63, 71, see also general equilibrium theory, 78–80, 82, 84, 86, 93, 95, partial equilibrium theory 116–20, 127–8, 142–5, 148, 172 Etzioni, Amitai, 165 evolutionary, 14, 79, 93, 106, European Association for 116–20, 127–8 Evolutionary Political Economy, Gans-Morse, Jordan, 160 59 Garegnani, Pierangelo, 22, 67 evolutionary anthropology, 121, 128 general equilibrium theory, 8, 25–7, evolutionary economics, v, 2, 12–13, 37–40, 48, 52, 58, 63, 67, 86, 16, 41, 50–51, 58–60, 73, 80, 89, 93–4, 145, 148 109–32, 156, 160, 167 see also dynamic stochastic general experimental economics, 84, 101, 142, equilibrium models 147–8 genetic algorithms, 116 externalities, 31–2, 40, 46 Geroski, Paul A., 109 Gerrard, Bill, 154, 162 famines, 30, 34 Gigerenzer, Gerd, 88 Fayazmanesh, Sasan, 85 Gilman, Nils, viii Fehr, Ernst, 79, 84, 170 Gindis, David, viii feminist economics, 50, 58, 160 Gintis, Herbert, 60, 79, 84, 89–92, Fetter, Frank A., 35 128 fictitious concepts, 53, 56 Girton College, Cambridge, 20 Finch, John H., 70 Glimcher, Paul W., 84, 92 Fine, Ben, 80 Gmür, Markus, 130, 132 First World War, 106 Golden, Soma, 20

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Index 227

Gramsci, Antonio, 20–21 Hobson, John A., 23 Granovetter, Mark, 118 Hodgskin, Thomas, 62 Gray, Asa, 7 Hoffman, D.L., 112 Great Leap Forward, 33–4 Holbrook, M.B., 112 Green, Francis, 147 Hollis, Martin, 31 Greene, J.D., 170 Hooker, Joseph, 7 Greenlee, E., 132 Huang, Kainan, 117 Griffith, Belver C., 114, 131 Hull, David L., 19, 125, 135, 150 Groenewegen, Peter D., 159 Hutchins, Edwin, 137 gross substitutability, 78–9, 95, 127 Huxley, Thomas Henry, 7

Haas, Peter M., 137 ideal types, 75 habits, 3, 5, 16, 101, 145, 147, 171 identity economics, 84, 101 Hahn, Frank H., 8, 25–6, 47, 52, 69 ideology, vi–viii, 2–3, 8–16, 22–3, 34, Hahnel, Robin, vii 40, 47, 49, 51–2, 60–64, 72, 82, Haidt, Jonathan, 170 110–11, 129, 145, 147, 158–61, Hair, Joseph F., 132 175 Hamermesh, Daniel S., 84 imperfect competition, 20, 29, 31, 46 Hammerstein, Peter, 128 incentives, 3–4, 27, 29, 35–6, 39–40, Hands, Wade, viii, 57 48, 100–101, 104, 107, 123–4, Hannan, Michael T., 118, 121, 126 141–2, 151, 155–6, 161–3, 167, happiness economics, 84 171 Harcourt, Geoffrey, viii, 16, 20–25, Industrial and Corporate Change, 33–4, 38, 45, 59 120, 123 Harding, Sandra G., 148 inequality, 1, 75–6, 135, 168 Hare, Richard M., 103 Infante, Gerardo, 92 Harley, Sandra, 2, 151, 154, 156 innovation studies, 109, 110, 113–14, Harvard University, 94, 144 123, 128, 157, 167, 174–5 Hayek, Friedrich A., 7, 13–15, 26, Institute for New Economic Thinking, 35–41, 48, 52, 69–70, 109, 111, 162 125, 136 institutional economics, 27–9, 32, 41, Hayes, Mark, viii, 59 43, 50, 58–9, 62, 65, 69, 79, 85, Heckman, James, 157 129, 160, 172–3 Heinsohn, Gunnar, 85 new, 59, 69, 79, 172–3 Heise, Arne, 2, 151, 156 inter-disciplinary research, 112–13, Heisenberg, Werner, 126 121–4, 166, 174 Helbing, Dirk, 60, 90 internal critiques, 26–7, 67–8 Hennessy, Peter, 1 International Journal of Technology Henrich, Joseph, 29 Management, 120 Heterodox Academy, 3 isolation, 6, 41, 58, 65–6, 124–5, 161 Heterodox Economics Directory, 10, Italy, 20–22, 42, 113 76–7 Heterodox Economics Newsletter,77 Jacobs, Struan, 135–6 heuristics, 65–8, 88, 112 Jaffé, William, 79 Higgins, Georgeann M., 121 James, William, 101 Hirsch, Fred, 40 Japan, 60 Hirschman, Albert O., 29 Järvinen, Joonas, viii

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Jessop, Bob, 16, 60 Keynesian economics, 15–16, 20, Jevons, William Stanley, 79, 85 27–30, 41, 43, 45, 47, 51, 53, Jo, Tae-Hee, 50, 63, 70–73, 150, 157 58–9, 62, 65–6, 135–6, 145, 148, Jochimsen, Maren A., 170 167 Johnson, Elizabeth S., 16–19, 36, 40, see also post-Keynesian economics 47 King, John E., 16, 38, 50 Johnson, Harry G., 16–19, 36, 40, 47 King’s College, Cambridge, 19, 37, Johnson, Simon, 172 41 Jones, Evan, 158 Kirman, Alan P., 26, 67, 84, 94, 100 Journal of Economic Behavior and Kitcher, Philip, 3, 6–7, 13, 19, 104, Organization, 120 123, 128, 135, 138, 141–3, 150, Journal of Economic Issues,43 152, 170 Journal of Economic Literature, 28, Knorr-Cetina, Karin D., 123, 137 50, 94 knowledge, vii, viii, 1, 5–6, 23, 26, Journal of Economic Methodology, 29–30, 35, 38–40, 48, 111, 77 135–46, 150, 156–7 Journal of Economic Perspectives,94 tacit, vii, viii, 30, 40, 111, 135–6, Journal of Evolutionary Economics, 139 114, 120, 123 Knudsen, Thorbjørn, viii, ix, 125, 128 Journal of Institutional Economics, Koestler, Arthur, 98, 140 77, 174 Kornai, János, ix, 60–61, 137 Journal of Management Studies, 120 Kranton, Rachel E., 84, 101 Journal of Political Economy, 94, Kregel, Jan, 31, 43 105, 159 Krugman, Paul R., 8, 14, 53, 159 Journal of Post Keynesian Economics, Kuhn, Thomas, 3, 13, 19, 97–8, 123, 43 135, 146 journal rankings, 4–5, 144, 151, 165–6, 171, 174 Lakatos, Imré, 97, 124 Joyce, Richard, 103–4, 128, 170 Lam, Alice, 142 Lamarckism, 128 Kadish, Alon, 96 Lamberg, Juha-Antti, ix, 13, 59, 109, 116–18, 130 Kagel, John H., 93 Lange, Oskar, 8, 14, 35–40, 48, 52, Kahn, Richard, 41, 42 63, 85, 159–60 Kahneman, Daniel, 88 Laudan, Larry, 140 Kaldor, Nicholas, 12, 15–16, 27–31, Lave, Jean, 137 41–4 Lavoie, Donlad, 37 Kalecki, Michał, 20, 48, 73 Lavoie, Mark, ix, 59, 157 Kapeller, Jakob, 10, 76–7 Lavoisier, Antoine Laurent, 99, 146–7 Kapp, K. William, 32, 40, 65 Lawson, Tony, ix, 7–8, 12–13, 48–53, Kauffman, Stuart A., 122 57–8, 63–72, 77, 80, 82, 85–7, Keen, Steve, 60 143, 145, 149, 172 Kemp, Tom S., 76 Leamer, Edward, 68 Kerr, Prue, 16, 20, 33–4, 38 Lee, Frederic, 2, 4, 12–13, 43–4, Keynes, John Maynard, vi, 1, 9–10, 49–50, 53–64, 69–72, 77, 82–3, 13, 15–20, 24, 27–30, 35–9, 42, 111, 149–51, 154–7, 162, 172 44, 48, 61, 68, 72, 80–81, 154 Leibenstein, Harvey, 90

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Index 229

Lenzer, Gertrud, 56 marginalism, 13–14, 21–4, 38, 48, Leombruni, Roberto, 93, 100 79–80, 120, 168 Leontief, Wassily, 68 market economies, vi, 40, 42, 47, 61, Lerner, Abba P., 8, 14, 35–6, 48, 52, 71, 159 63, 85, 159–60 see also capitalism Levinthal, Daniel A., 117–18 markets, vi–viii, 8–14, 18, 24, 26, Lewin, Arie Y., 125 29–43, 46–53, 60–61, 71–2, 75, Lewis, Margaret, 58 81, 85–6, 94, 107, 111, 136–9, Leydesdorff, Loe, 114, 124–5 148, 158–9, 166 Liberal Party, 20 mark-up pricing, 31, 43, 48 Marshall, Alfred, 16–21, 25, 29–30, liberalism, 9, 23, 42, 48, 60, 81, 135 39, 48, 62–3, 68, 80, 126, 159 limits to growth, 40 Martinez-Alier, Joan, 70 Lindblom, Charles E., 136 Martins, Nuno Ornelas, 16 Locke, Robert, 19 Martinsons, Marris G., 112 Logan, Vinny, ix Marx, Karl, vi–vii, 8–10, 13, 20–21, London, 1, 6, 17–18, 36, 41 24, 27, 39, 48, 61–2, 72, 81, London School of Economics, 1, 17, 100, 111 35–6, 41 Marxism, vi, 9, 14, 16, 20–21, 24, 34, Longino, Helen E., 137 39, 43, 50, 54, 58–63, 71–2, 81, Lorenz, Edward H., 137 110, 160–61 Lucio-Arias, Diana, 124–5 analytical, 8, 52, 63 Luhmann, Niklas, 144 Massachusetts Institute of Technology, Lukes, Steven, 55, 81 22, 94 Lunar Society, 5 mathematics, 2, 7, 13, 21, 23, 48, Lyell, Charles, 7 56–9, 64–70, 79–80, 84, 86, 96–9, 106, 121, 127, 143, 145, MacCulloch, Robert, 84 147–9, 172–3 Mackie, John L., 103–4 Matthews, Robin C.O., 44–7 Macroberts, Barbara R., 130 Mattsson, Juha T., 130–31 Macroberts, Michael H., 130 Max U. see utility maximization macroeconomics, vi, 31, 45–8, 51, maximization, 26, 30, 78–9, 84–90, 102, 105, 107, 142, 147, 60–61, 73, 80–81, 94, 130, 145, 168–9 148, 156 Maynard Smith, John, 118 Madan, Paula, 121 McCarthyism, 61 mainstream economics, definition of, McCloskey, Deirdre N., ix, 14, 75, 14, 49, 78 86–7 Mäki, Uskali, 56, 58, 66, 136, 143 McDonough, Terrence, 160 Maloney, John, 96 McGlade, J.M., 142 mammal, definition of, 75–6 McMaster, Robert, ix, 70, 92, 169 Management Science, 120 McQuade, Thomas J., 136 Mantel, Rolf R., 67 Meade, James E., 47 Mao, Zedong, 33–4 Means, Gardiner C., 21, 56 March, James G., 89, 117–18, 129 Mearman, Andrew, ix, 2, 10–11, Marcuzzo, Maria Cristina, 16 49–50, 58–61, 65, 70, 73–7, marginal cost pricing, 38 154 marginal productivity theory, 24 mechanical analogies, 79

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Ménard, Claude, 172–3 national innovation systems, 116–18 Menger, Carl, 35, 79, 85 nationalization, 33 Merton, Robert K., 19, 123, 135, 140 see also public ownership metaphysics, 28 Neild, Robert, 16, 40–41 methodological individualism, 27, Nell, Edward, ix, 31, 43, 59 53–6, 149 Nelson, Julie, 170 methodology of economics, 2, 53, 58, Nelson, Katherine, 137 156, 163 Nelson, Richard R., 12–13, 16, 59–60, microeconomics, vi, 7–8, 18, 25–6, 73, 109–29, 137, 160 29, 31–2, 46–8, 60–61, 73, neoclassical economics, vi, 2, 9, 80–81, 86–7, 93–4, 130 12–14, 18, 21–43, 47–8, 51, microfoundations, 67, 84 57–63, 69, 81, 85–8, 96, 127, Milanovic, Branko, 168 138, 147, 157–61, 165, 173 Milgate, Murray, 38 deficient in analysis of markets, Millmow, Alex, 38 85–6 Mills, C. Wright, 144 meaning of, 13–14 Milonakis, Dimitris, 62–3, 80 neoliberalism, 160 Milton, John, 11, 24, 39, 69, 98, 117, Neumann, John von, 90, 145 155 neuro-economics, 84, 92 Minkler, Lanse P., 170 New Orleans, 43 Minsky, Hyman P., 43, 167 New Palgrave Dictionary of Mirowski, Philip, 78–80, 95–6, 127, Economics, 38–9, 53 138, 160 New York, 43 Mises, Ludwig, 15, 26, 35–9, 52, 57 Newton, Isaac, 85, 97, 99, 146–7 Mistral, Jacques, 16, 60 Noam, Eli, 139 Mitchell Innes, Alfred, 35 Nonaka, Ikujiro, 137 mixed economies, 31, 43, 47, 53, 111 Nooteboom, Bart, 137 Mohun, Simon, 65 North Korea, 33 Moktan, Sidharth, 157 North, Douglass C., 59, 69–70, 85, money, 2, 27, 35, 101, 154, 167 172–3 Mongiovi, Gary, 70 Novarese, Marco, 92 Mont Pèlerin Society, 135 Nove, Alec, 37 morality, 29–30, 80–81, 102–6, 170 Nuti, D. Mario, 37 Moran, Cahal, 1 Nye, Mary Jo, 135–8 Morgan, Jamie, 13 Morgenstern, Oskar, 90, 145 Ollman, Bertell, vii motivation, 7–9, 18, 27–31, 48, 73, ontological individualism, 54 80–83, 87, 93, 98–103, 107, 128, ontology, 7, 27, 49, 54, 58, 64–7, 70, 142, 158, 169, 171, 173 78, 95, 127, 149, 174 Mueller, Dennis C., 158 open systems, 57–8, 62, 65–7, 82–3, Muldoon, Ryan, 142 86 Mullins, Phil, 135, 136 methodology, 58 multi-disciplinary research, 114, 116, Organization Science, 120 121–3, 130, 165–6, 172, 174 organization studies, 109–12, 117, Murmann, J. Peter, 125 123, 167, 174 Murrell, Peter, 37 organizational ecology, 116–18, 121 Myrdal, Gunnar, 9–10, 28 Orléan, André, 16, 60

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Index 231

Osareh, Farideh, 130 political economy is not distinct from Ostrom, Elinor, 59, 69–70, 172 economics, 158–60 Owen, Robert, vii political individualism, 55 Oxford Economic Papers, 105 political science, 115, 157, 164–6, Oxford University, 17–19, 43–4 174 oxygen, discovery of, 6, 99, 146 Pollak, Robert A., 91 Popper, Karl R., 91, 98 Pagano, Ugo, 35 Porpora, Douglas V., 55 paradigm shifts, 26–7, 82, 85–8, Porter, Michael E., 118 96–9, 146–9, 165 positivism, 28, 53, 56 Pareto optimality, 9, 11 Posner, Richard, 69 Pareto, Vilfredo, 9, 11, 79, 168 post-Keynesian economics, vi, 2, Parsons, Keith, 138 15–18, 31–3, 43, 47–51, 59, 61, Parsons, Talcott, 9, 144 69, 72, 154, 160, 167–8 partial equilibrium theory, 62, 80, see also Keynesian economics 148 Potts, Jason, 78, 95, 127 Pasadeos, Y., 112, 130 Powell, Walter W., 118 Pasinetti, Luigi, 16, 42–3 Poynton, A.J., 153 path dependence, 18 Pratten, Stephen, 58, 65 Peirce, Charles Sanders, 140 prediction, 67, 80, 91, 99–100 Peng, Ti-Ching, 154, 162 preferences, 9, 31, 45, 53, 86, 88, 90, Penrose, Edith T., 30, 118 98, 101–7, 147, 170 Pessali, Huascar F., 120 other-regarding, 79, 84, 89, 98, 102, Peterson, Janice, 58 107 Philby, Kim, 36 social, 79, 84 philosophy, viii, 3, 6, 12–13, 28, price theory, 13–14, 24, 31, 43, 48, 56–7, 91, 103, 124, 134–5, 157, 56 171, 174 Priestley, Joseph, 6 physics, 63, 79–80, 97, 99, 127, Princeton University, 94 146–7 private property, vii, 11, 22, 85 production functions, 21–6, 42 Pieters, Rik, 112, 143 professionalization of economics, Pigou, Arthur C., 16, 18, 31–2, 40 96–7, 148 Piketty, Thomas, 35, 145, 168 psychology, 1, 7–8, 28, 31, 40, 48, Pinochet, Augusto, 34 73, 79–80, 83, 87–9, 92, 100, Piore, Michael, 165 121, 128–9, 137, 158, 171, Platt, Michael L., 92 174 Plehwe, Dieter, 160 evolutionary, 121, 128–9 Plotkin, Henry C., 101, 171 public goods, 31–2, 46 pluralism, 2–3, 7, 13, 32, 44–50, 53, public ownership, vii, 52 57, 62, 72, 96, 134, 139–41, see also nationalization 152–6, 160–61, 164–5, 175 Pullen, John M., 24 see also viewpoint diversity Polanyi, Karl, 135, 137 quality control, problem of, 3, 6, Polanyi, Michael, vii, viii, 3, 5, 13, 152–6, 162, 165 19, 30, 36, 42–3, 123, 135–41, Quarterly Journal of Economics, 94, 150–53, 166 105

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232 Is there a future for heterodox economics?

Quine, Willard van Orman, 28, Routledge Handbook of Heterodox 148–9 Economics, 50, 63, 70–72 Rowthorn, Robert E., 42 Rabin, Matthew, 79, 84, 88 Royal Economic Society, 44 radical economics, 39 Royal Society of London, 5 raison d’être of a discipline or Rubinstein, Ariel, 68 school, 49, 82, 122–3, 129, 150, Ruef, Martin, 109 155–6, 161, 163, 165, 167, 169, Ruiz-Navarro, José, 112 172–4 Rummel, Rudolph J., 34 Ramos-Rodriguez, Antonio-Rafael, Runciman, Walter Garry, 75 112 Runde, Jochen, ix rational expectations hypothesis, 94 Rutherford, Malcolm H., 59, 109 rationality, 7–8, 11, 30, 33, 52–3, Ryan, Anthony, 50, 72 59–60, 64, 71, 73, 79, 81, 85–95, 107, 111, 129, 138, 143, 144, Salam, Abdus, 126 147, 149, 158, 164 Salanti, Andrea, 50 bounded, 73, 88, 95, 111, 143 Samuels, Warren J., 56 procedural, 88 Samuelson, Paul A., 14, 22, 31–2, Ratnatunga, Janek, 112 36–9, 53, 90 realisticness, 67, 68, 70, 89 Sandel, Michael, vii redistribution, 11, 135, 168 satisficing, 73, 88–9 régulation school, 16, 60 Satz, Debra, vii Research Assessment Exercise, 45 scarcity, 11, 53–4, 149 Research Excellence Framework, 45 global, 54 Research Policy, 120 local, 54 Review of Economic Studies, 94, Schäffle, Albert E.F., 36 105 Schefold, Bertram, 21 Review of Economics and Statistics, Schildt, Henri A., 130–31 94, 105 Schrader, Stephan, 112 Review of Radical Political Schultz, Walter J., vii Economics,43 Schumpeter, Joseph A., 8–9, 13, 29, Review of Social Economy, 44, 171 35–7, 85, 110–11, 118, 123–5, Ricardo, David, viii, 8, 21 130 Richerson, Peter J., 118, 121, 128 Screpanti, Ernesto, 50 Richiardi, Matteo, 93, 100 Second World War, 18, 25, 33, 84 Rizvi. S. Abu Turab, 26, 67, 84, 145 self-interest, 27, 29, 64, 79, 81, 84–6, Robbins Report, 44 101, 103, 105, 107, 142 Robbins, Lionel, 44, 54 Sen, Amartya, 7–8, 30, 32, 41, 60–61, Robinson, Joan V., 12, 15–23, 27–35, 73, 80, 87, 101, 107, 160 38–48, 62–3, 80, 111, 152–3, Sened, Itai, 85 162 Sent, Esther-Mirjam, 61, 70, 88 Roemer, John, 8, 52, 63, 85 Shackle, George L.S., 30, 134 Rolin, Kristina, 137, 141 Shaikh, Anwar, 61 Romano, Claudio, 112 Shakespeare, William, 153 Romer, Paul M., 117–18 Shirley, Mary, 172–3 Roncaglia, Alessandro, 39 Shleifer, Andrei, 37 Rothman, Harry, 156–7 Sillanpää, Antti, 130, 132

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Index 233

silo effect, 125 new institutional, 116–18 Silva, Sandra Taveres, 114, 117 of science, viii, 12–13, 113, 124, Silverberg, Gerry, ix 138, 175 Simon, Herbert, 7–8, 12, 28–30, 48, Sokal, Alan, 138 59–61, 73, 78, 80, 87–9, 106, Solow, Robert M., 38 111, 117–18, 129, 144, 147, Soros, George, 162 160 South Korea, 33 Singh, Ajit, 42 Southern Economic Journal, 105 Sinha, Ajit, 21, 25 Soviet Union, 5, 33–7, 75 Small, Henry G., 114, 121, 124, Spash, Clive, 50, 72 131–2 specialization, 17, 136, 152 Smart, J.J.C., 105 Spencer, Herbert, 98, 110 Smith, Adam, 9, 13, 29, 39, 68, 101–2, 105, 107, 160, 170 spontaneous order, 136 Smith, Vernon L., 80, 84, 90, 101–2, Springholz, Florian, 10, 76 170 Sraffa, Piero, 8, 12, 15–16, 20–29, 39, Sober, Elliott, 104, 128, 170 42, 44–5, 48, 50, 58–9, 67, 69, Sobrero, Maurizio, 112 72–3 social costs, 32, 40 Stalin, Joseph, 33–4 social Darwinism, 109 Stanford University, 94 social democracy, 9, 26, 43, 47, 52, Stanford, James, 160 71 Starkey, Ken, 121 social economics, 50, 58 Steedman, Ian, 21, 31, 100 social epistemology see epistemology, Steele, David Ramsay, 37 social Steele, Katie, 90 social relations, 54–5, 102, 170 Steiger, Otto, 85 social structures, 2, 9–10, 55, 137 Stigler, George J., 85 socialism, vi–viii, 8–11, 14, 16, Stiglitz, Joseph E., 8, 14, 53, 159 18–21, 24, 26, 29–43, 48, 52, Stilwell, Frank, 158–60 60–63, 71–2, 81, 85, 107, 111, Stinchcombe, Arthur L., 118 135, 159, 160 Stockhammer, Engelbert, ix, 59 market, 29, 36–7 Stoelhorst, Jan-Willem, ix, 125, socialist calculation debate, vii, 8, 128 11, 18, 26, 33–40, 63, 71–2, Strategic Management Journal, 120 159–60 strategy of engagement, 127–8, 149, Society for Heterodox Economics, 50, 153–4, 157, 162–4 77 strategy of separation, 150, 157–61, Society for Institutional and 164 Organizational Economics, 172 Sugden, Robert, 56, 65, 67, 93 Society for the Advancement of Sunstein, Cass R., 89 Socio-Economics, 165 Sydney, University of, 157–61 Society for the Encouragement of systems theory, 57 Arts, Manufactures and Commerce, 5 Tahir, Pervez, 34 sociology, 69, 112–18, 121, 124, Tancredi, Laurence, 170–71 130–31, 134, 142, 144–6, 157, Targetti, Ferdinando, 42 164–5, 171, 174 tautology, meaning of, 90–91 economic, 116, 164–5 Taylor, Frederick M., 8, 35–6, 52

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234 Is there a future for heterodox economics?

technological paradigms, 117 unfalsifiability of, 28, 89–91, technology, 23, 86, 111, 114–18, 122, 97–100, 149, 169 174 Teece, David J., 118 Valdés, Juan Gabriel, 34 Teixeira, Aurora A.C., 114, 117 Van Raan, Anthony F.J., 112–13 Thaler, Richard H., 89 Varoufakis, Yanis, 160 Thatcher, Margaret, 26 Vaughn, Karen I., 37 Theil, Wolfgang, ix Veblen, Thorstein, 7–9, 23–30, 48, 59, Thieme, Sebastian, 2, 151, 156 73, 80–81, 85, 101–11, 125–8, Thirlwall, Anthony P., 16, 42 147, 170–71 Tielman, Joris, 1, 2 Veneziani, Roberto, 65 Tijssen, Robert J.W., 112 Venugopal, Rajesh, 160 Tooby, John, 128 Verspagen, Bart, ix, 113–14, 124 Toulmin, Stephen E., 137, 151 Vidal, Vidal, ix transaction cost economics, 116–18, Vietnam War, 22–3 120 viewpoint diversity, 3, 47, 160, 175 trans-disciplinary research, 113, Vishny, Robert W., 37 164–5, 174 Volberda, Henk W., 125 trans-disciplinary strategy, 164–5 Vromen, Jack J., 92 Tribe, Keith, 16, 96 Trinity College, Cambridge, 21, 30, Wallace, Alfred Russell, 7 40–41 Walras, Léon, 14, 39, 52, 79, 85 Tullock, Gordon, 93, 158 Waring, Marilyn, 58 Turin, 20–21 Watt, James, 6 Tyler, Tom R., 105, 170, 173 Weber, Max, 5, 75 Wedgwood, Josiah, 6 UK, iii, 5, 17–22, 32, 43–7, 104, 116, Wegener, Alfred, 146–7 151, 166 Weintraub, Sidney, 43, 84 uncertainty, 26, 30, 38, 59, 65, 111, Weisberg, Michael, 142 142, 167 welfare economics, 11, 30, 38–9, 60, unemployment, 62, 135 100, 167 uniformity of nature, 28, 91 Wells, John R., 42 Union for Radical Political Wenger, Etienne, 137, 139 Economics, 43 Werker, Claudia, 113–14, 124 US, 15–22, 32, 37, 39, 43–4, 48, Whitley, Richard, 113, 142 60–61, 113, 116, 156–7, 166, Williams, Bernard, 105 174–5 Williamson, Oliver E., 59, 69–70, Usdiken, B., 112, 130 118, 120, 172 utilitarianism, 9, 61, 78, 81, 86, 97, Wilson, Bart J., 80, 102, 170 100, 102, 105, 168, 170 Wilson, David Sloan, 104, 128 utility, 6, 12–14, 27–8, 48, 59–61, 64, Wilson, Harold, 42 67, 69, 73, 78–108, 127, 142, Wilson, Matthew C., 57, 65 147, 158, 168–9, 173 Winch, Donald, 16 utility maximization, v, 12–14, 27, 28, Winter, Sidney G., 12–13, 16, 59–60, 30, 46, 59–61, 64, 69, 73, 73, 90, 109–29, 160 78–108, 112, 127–8, 142–3, Witt, Ulrich, ix, 60, 109–14, 117 146–9, 158, 160, 165–6, 169–76 Woolley, Frances R., 58

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Index 235

World Interdisciplinary Network for Yamada, Toshio, 60 Institutional Research, 174 Young, Allyn, 28 Wright, Erik Olin, 8, 52, 63, 71, Young, H. Peyton, 118, 172 160 Yurko, Allana, 145

Yale University, 94 Zak, Paul J., 84, 170–71

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