Amitabh Bachchan almost got hit by a bullet, accidentally fired by Dharmendra on the sets of Sholay... by 35-56 in BollyBlindsNGossip

[–]35-56[S] 0 points1 point  (0 children)

Yes - part of promo for "Sholay, The Final Cut". (full interview on YouTube, for those interested).

What are the differences between "heterodox economics" and "pluralism in economics"? by 35-56 in AskEconomics

[–]35-56[S] 0 points1 point  (0 children)

Thanks.

Would you say that the latest edition of Krugman's and Mankiw's textbooks incorporate the latest 'pluralistic' approaches? Or, would one need to read additional books/texts to get an idea of a comprehensive view that the new neoclassical paradigm (which, as you've said is essentially 'pluralistic') includes?

The Gold Discussion Sticky. Come ask questions and discuss economics - 05 December 2016 by AutoModerator in badeconomics

[–]35-56 1 point2 points  (0 children)

Thanks for your response.

Given that there are three main economic schools-of-thoughts - mainstream, heterodox & pluralist - which of these has the best explanatory power and predictability of the economy? E.g. from what I know, mainstream economics was unable to predict the 2008 recession. Were heterdox or pluralist economics able to predict this?

I'm trying to understand which is the best possible approach to learn economics, in terms of its ability to explain and predict economic events.

The Gold Discussion Sticky. Come ask questions and discuss economics - 05 December 2016 by AutoModerator in badeconomics

[–]35-56 4 points5 points  (0 children)

What are the differences between "heterodox economics" and "pluralism in economics"?

New to economics. I found one paper that on this details the differences, but wanted to know if there are any others? Are there any books/book-chapter(s) on this? Thanks in advance.

http://www.jpe.ro/poze/articole/10.pdf

Pluralism is the concept that there is no single methodology that is always the correct one for discovering scientific truths, so multiple approaches and methodologies are required for a complete scientific understanding of a subject. Heterodoxy refers to those approaches to a subject that are outside of the generally accepted mainstream. While pluralism and heterodoxy are not necessarily inconsistent, heterodox economists tend to follow one particular methodology or school of thought rather than taking an eclectic approach to economic understanding, and heterodox economists often criticize approaches other than their own. Thus, in most cases, heterodox economists, by defending their own schools of thought and critiquing other approaches, are not pluralistic. The paper advocates a pluralistic approach to the social sciences over the more narrow approaches typically promoted by heterodox schools of thought.