Heterodox Economics

Heterodox economics refers to diverse approaches to understanding how economies work, challenging the mainstream or traditional economic models. It questions standard ideas about markets, growth, and government roles, emphasizing that economic systems are complex and influenced by social, political, and cultural factors. Heterodox economists explore alternative theories to address issues like inequality, environmental sustainability, and economic instability, advocating for broader perspectives beyond the dominant neoclassical framework. In essence, it encourages open-minded inquiry and the consideration of various viewpoints to better understand real-world economic phenomena.