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2 Addressing the environmental crisis

Orthodox versus heterodox economics
  • Clive L. Spash
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Abstract

Adopting an orthodox mainstream paradigmatic perspective, in part or whole, has serious implications for the conduct and relevance of economic science. This chapter aims to clarify the divisions in economics between orthodoxy and heterodoxy, and to show how this has impacted understanding of the environmental crisis. The concept of orthodox - as opposed to radical - dissent is introduced, and the meaning of paradigmatic conformity is outlined. The chapter argues that the fight for a paradigm shift in economics is undercut by such conformity and pragmatism. What constitutes heterodox thought on the environment is critically reviewed in terms four economic schools: Marxist/socialist, institutionalist, feminist and Post Keynesian. The chapter reveals the paradigmatic and ideological struggle in which heterodoxy in general is engaged and how this plays out with respect to ecological economics in particular.

Abstract

Adopting an orthodox mainstream paradigmatic perspective, in part or whole, has serious implications for the conduct and relevance of economic science. This chapter aims to clarify the divisions in economics between orthodoxy and heterodoxy, and to show how this has impacted understanding of the environmental crisis. The concept of orthodox - as opposed to radical - dissent is introduced, and the meaning of paradigmatic conformity is outlined. The chapter argues that the fight for a paradigm shift in economics is undercut by such conformity and pragmatism. What constitutes heterodox thought on the environment is critically reviewed in terms four economic schools: Marxist/socialist, institutionalist, feminist and Post Keynesian. The chapter reveals the paradigmatic and ideological struggle in which heterodoxy in general is engaged and how this plays out with respect to ecological economics in particular.

Heruntergeladen am 26.9.2025 von https://www.degruyterbrill.com/document/doi/10.7765/9781526171498.00007/html
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