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Article: Principles of institutional-evolutionary political economy--converging themes from the schools of heterodoxy.(Report)
- Article from:
- Journal of Economic Issues
- Article date:
- March 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Association for Evolutionary Economics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 analysis of class, gender and ethnicity. Social economists have examined the role of justice, ...