Principles of institutional-evolutionary political economy--converging themes from the schools of heterodoxy.(Report)

From: Journal of Economic Issues | Date: March 1, 2007| Author: | Copyright information

Over the past forty years there has been a considerable revival of heterodox political economy throughout the world. Heterodoxy has experienced a renewal in the form of several schools of thought. (1) Institutionalists and evolutionary economists have proffered the significance of institutions and technological change. Post Keynesians have re-established the role of aggregate demand in a circular and cumulative framework. Neo-Marxists have sought to bring to the fore the importance of class analysis and economic surplus. Feminists have been active in fostering an integrative ...

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