Beyond market‐fundamentalist economics: an agenda for heterodox economics to change the dominant narrative

Tae‐Hee Jo (Based in the Economics and Finance Department, SUNY Buffalo State College, Buffalo, New York, USA)
Lynne Chester (Based in the Department of Political Economy, University of Sydney, Sydney, Australia)
Mary C. King (Based in the Economics Department, Portland State University, Portland, Oregon, USA)

On the Horizon

ISSN: 1074-8121

Publication date: 10 August 2012

Abstract

Purpose

The purpose of this article is to introduce heterodox economics as a viable alternative to market‐fundamentalist economics and to outline the articles of the special issue.

Design/methodology/approach

This introductory article provides an overview and summary of the contributions in the special issue.

Findings

Market‐fundamentalist economics has failed to adequately explain the economy or to provide guidance to policymakers that lead to widely‐shared prosperity and human well‐being. By contrast, heterodox economics offers social and historical narratives of both market and non‐market activities.

Originality/value

The article helps general readers to get acquainted with visions and approaches that are alternative to market‐fundamentalist economics. This will allow them to imagine more concretely that a better world is possible.

Keywords

Citation

Tae‐Hee Jo, Lynne Chester and Mary C. King (2012) "Beyond market‐fundamentalist economics: an agenda for heterodox economics to change the dominant narrative", On the Horizon, Vol. 20 No. 3, pp. 155-163

Download as .RIS

DOI

: https://doi.org/10.1108/10748121211256856

Publisher

:

Emerald Group Publishing Limited

Copyright © 2012, Emerald Group Publishing Limited

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