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1 – 10 of 249A conference on the history of heterodox economics in the twentieth century was held during October 3–5, 2002 at the University of Missouri-Kansas City. The conference organizers…
Abstract
A conference on the history of heterodox economics in the twentieth century was held during October 3–5, 2002 at the University of Missouri-Kansas City. The conference organizers were Frederic S. Lee and John King. Several papers presented at the conference are published below, several in significantly revised and/or expanded form, together with one paper distributed at but not formally presented at the conference. Malcolm Rutherford’s paper, “On the Economic Frontier: Walton Hamilton, Institutional Economics, and Education,” will be published in History of Political Economy. All of the papers published here have been reviewed.
Frederic S. Lee and Wolfram Elsner
The purpose of the “Introduction” is to provide the motivation and context for the articles of this special issue and an overview and summary of the contributions that follow.
Abstract
Purpose
The purpose of the “Introduction” is to provide the motivation and context for the articles of this special issue and an overview and summary of the contributions that follow.
Design/methodology/approach
The paper provides an overview and summary of the contributions in the special issue.
Findings
It is argued that heterodoxies had gained a considerable and growing influence on research orientations, methodologies, and critical reflections, also on the mainstream publishing practices, even in the mainstream. This has been widely acknowledged as “hip heterodoxy” recently. Thus, many heterodox economists have developed optimistic expectations for the future of the profession. However, that influence has left the main mechanisms of reproduction of the mainstream untouched. These are mass teaching, public advising, journal policies, and faculty recruitment. Above that, the last decade has seen something like a “counterattack” to safeguard these mainstream reproduction mechanisms. The means used for this seem to be journal (and publisher) rankings based on purely quantitative citation measures and “impact factors”. These have an obvious cumulative “economies‐of‐scale” effect which triggers a tendency towards reinforcement and collective monopolization of the dominating orientation. Department rankings and individual faculty evaluations are then based on journals rankings. As a result, there are observable tendencies towards the cleansing of economics departments in a number of countries.
Originality/value
The paper also discusses potential reasons and methods for alternative approaches to measure citation interrelations, networks, cooperation, and rankings among heterodoxies (journals and departments), and for alternatives of publishing and the future of heterodoxies in general. Finally, it draws the picture of the present situation and the foreseeable future of heterodoxies as it emerges from the 11 contributions of the special issue.
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The purpose of this paper is to present, for the first time, a case for ranking heterodox journals and departments.
Abstract
Purpose
The purpose of this paper is to present, for the first time, a case for ranking heterodox journals and departments.
Design/methodology/approach
The first section of the article briefly delineates the intellectual and social organization of heterodox economics as a social system of scientific activity. This background is then used to argue the case for ranking heterodox journals (section two) and heterodox departments (section three). An example of ranking journals that promote the development of heterodox theory, is not a zero‐sum game, and does not invite invidious comparisons is delineated in the fourth section. The final section summarizes the case for rankings.
Findings
There are two central issues facing heterodox economics: one is the development of a coherent, integrated economic theory that explains the social provisioning process; and the second is the making of economic departments that contribute to the development of heterodox theory and policy, and the training of heterodox economists. A case can be made for ranking journals and departments that deal with the two issues.
Originality/value
An example of ranking journals that promote the development of heterodox theory, is not a zero‐sum game, and does not invite invidious comparisons is delineated.
The aim of this paper is to review Fred Lee's book A History of Heterodox Economics.
Abstract
Purpose
The aim of this paper is to review Fred Lee's book A History of Heterodox Economics.
Design/methodology/approach
The paper provides a context for Lee's research within the current debates over the financial crisis, then reviews and evaluates his analysis.
Findings
Lee has provided valuable and almost overwhelmingly meticulous documentation of the struggle to maintain space for heterodox economics within the discipline of economics, beginning before the turn of the twentieth century and continuing into the present. He is most concerned to use this research to formulate strategies to build community among heterodox economists, to provide a strong alternative to mainstream economics.
Originality/value
The author was less than convinced by Lee's suggestion that heterodox economics should emulate a professional model based on publications and citations that bears a striking resemblance to the methods of mainstream economics. That said, the author shares his belief that heterodox economics has important insights to offer economic theory and policy. In all, Lee has provided an important service in his documentation of the rise of heterodox economics as well as the attempts of mainstream economics to marginalize other schools of thought.
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The purpose of this paper is to empirically ascertain whether an ideological barrier to entry exists, preventing heterodox economists from publishing in mainstream journals.
Abstract
Purpose
The purpose of this paper is to empirically ascertain whether an ideological barrier to entry exists, preventing heterodox economists from publishing in mainstream journals.
Design/methodology/approach
The empirical results were obtained from a questionnaire asked of heterodox economists. The ten questions include where respondents submitted their research; their treatment by editors and referees; and whether an ideological barrier to publication exists.
Findings
The evidence overwhelmingly supports the existence of an ideological entry barrier. This barrier goes beyond the normal competitive nature of journal publishing, that is limited journal pages constricting the number of “good papers” that can be published, suggesting that there is an insidious ideological entry barrier preventing heterodox ideas from being published.
Originality/value
Based on this evidence, the last section proffers several research suggestions, including more sophisticated models predicting the likelihood of a heterodox economist submitting to a mainstream journal and the likelihood of acceptance. And, finally, several reforms are suggested including the adoption of a universal code of conduct for referees.
This paper aims to make a submission to the UK's Economic and Social Research Council as part of its international benchmarking review of economics.
Abstract
Purpose
This paper aims to make a submission to the UK's Economic and Social Research Council as part of its international benchmarking review of economics.
Design/methodology/approach
The approach takes the form of a discussion of the health of economics in the UK from the perspective of heterodox or pluralist economists who are members of the Association for Heterodox Economics.
Findings
Research assessment based on peer review is damaging economics in the UK because, as currently conducted, it does not promote pluralism. This will lead to a monolithic discipline that will reject new and controversial ideas and arguments.
Practical implications
The current research assessment and subject benchmarking approaches must be completely changed so as to promote pluralism.
Originality/value
This is the first document by a heterodox economics association to challenge the research assessment and subject benchmarking conventions in the UK and also in Europe.
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Wilfred Dolfsma and Loet Leydesdorff
This paper aims to provide a view and analysis of the immediate field of journals that surround a number of key heterodox economics journals.
Abstract
Purpose
This paper aims to provide a view and analysis of the immediate field of journals that surround a number of key heterodox economics journals.
Design/methodology/approach
Using citation data from the Science and Social Science Citation Index, the individual and collective networks of a number of journals in this field are analyzed.
Findings
The size and shape of the citation networks of journals can differ substantially, even if in a broadly similar category. Heterodox economics cannot (yet) be considered as an integrated specialty: authors in several journals in heterodox economics cite more from mainstream economics than from other heterodox journals. There are also strong links with other disciplinary fields such as geography, development studies, women studies, etc.
Research limitations/implications
The analysis is limited by its reliance on citation data in the Science and Social Science Citation Indexes provided by Thomson‐Reuters.
Practical implications
The analysis shows not only whence journals draw their strengths, but also how knowledge between journals and neighboring sub‐fields is diffused. This can be important for editors, authors, and others.
Originality/value
A network analysis not just focusing on a single journal as a focal point, but combining several journals in a single analysis enables one to visualize structural properties of the field of heterodox economics which otherwise remain latent. This study provides a structural approach to citation analysis as a tool for the study of scientific specialties.
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