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(CANCELLED) MAINSTREAM VS. “HETERODOX” ECONOMICS? SOME CORE THEORETICAL ELEMENTS OF CONTRAST

When Mar 11, 2020
from 04:00 PM to 05:00 PM
Where Mill Lane Lecture Room 4
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{About the Speaker}

Dr Alice Nicole Sindzingre is a Visiting Lecturer, School of Oriental and African Studies (SOAS, University of London), department of economics (United Kingdom); Associate Researcher, Paris-North Economics Centre (CEPN), University Paris-13 (France); Associate Researcher, research centre ‘Africas in the World’ (National Centre for Scientific Research/CNRS-SciencesPo-Bordeaux) (France)

{ABSTRACT}

The definitions and theoretical cores of ‘heterodox’ economics remain subject to debate, as do those of ‘mainstream’ economics. The theoretical elements that could unambiguously differentiate both perspectives are therefore debated. Common features are difficult to highlight within ‘heterodox’ economics. Symmetrically, ‘mainstream’ economics is uneasy to describe via necessary and sufficient features, as numerous authors within its field claim to have enriched neoclassical economics, and to use concepts from other social sciences. On the other hand, ‘heterodox’ policies and their differences with mainstream ones (e.g., ‘austerity’) appear to be more identifiable. Many conventional distinctions may in fact not be unambiguous criteria of distinguishing the two epistemic frameworks (e.g., self-interested agents, the methodology of modelling, use of concepts of social sciences). Despite these uncertainties, it is shown that some core concepts and theoretical assumptions may constitute lines of difference between heterodox and mainstream economics, in particular those involving the concepts of causality, time and society. This argument is finally illustrated via a few examples that deepen the mainstream and heterodox respective conceptualisations of models, social norms, gift and language.