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Article
The Dilemma Between the Heterodox-the Orthodox Economics and Its Ideology
Author(s)
Ilkben Akansel
Full-Text PDF
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DOI:10.17265/1537-1506/2013.04.002
Affiliation(s)
Ilkben Akansel, Ph.D., Assistant Professor, Business and Management Department, Artvin Coruh University Hopa Economics and Administrative Faculty.
ABSTRACT
Economic movements have close relation with historical transformations. Historical and social transformations have seriously determined economic views, so, economic movements have been the indicators of economic wars of social classes. But no concept can describe sharp contrast in economics better than the two opponent concepts in economics: “orthodox” and “heterodox” economics. In this article, the reason why neo-classic economics, also called as orthodox economics, has a serious place in economic literature while the opponent’s economic movements, named heterodox economics, do not defend only one “truth” and are not as important as orthodox economics will be examined. While doing this examination, Louis Althusser’s “ideology” and Antonio Gramsci’s “hegemony” will help us as these two concepts are quite instructive in understanding the irreplaceable significance of orthodox economics. As a result, by discussing alternative point of views about economics, positive emphasis of multivocality in economics literature will be revealed. On the other hand, every heterodox economics cannot criticize orthodox economics in the same way. In this study, institutional economics, which is accepted to be part of heterodox economics, will be discussed thoroughly. Institutional economics had a serious attitude against orthodox economics. In this study, generally the points in orthodox economics that institutional economics opposes will be emphasized, and although both economics approaches’ ideological attitude will be attempted to be discussed generally, it will become easy to discuss the reason why heterodox economics developed an opposing ideology against the ideology of orthodox economics.
KEYWORDS
orthodox economics, neo-classical economics, heterodox economics, institutional economics, ideology, hegemony
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