Orthodox and heterodox economics in recent economic methodology


  • D. Wade Hands University of Puget Sound, United States




orthodox, heterodox, neoclassical, economic theory, economic methodology


This paper discusses the development of the field of economic methodology during the last few decades emphasizing the early influence of the "shelf" of Popperian philosophy and the division between neoclassical and heterodox economics. It argues that the field of methodology has recently adopted a more naturalistic approach focusing primarily on the "new pluralist" subfields of experimental economics, behavioral economics, neuroeconomics, and related subjects.

Author Biography

D. Wade Hands, University of Puget Sound, United States

D. Wade Hands is distinguished professor of economics at the University of Puget Sound in Washington state and has taught history of economic thought for over thirty years. He has written on a wide range of topics in the history of economic thought and economic methodology. He is co-editor of The Journal of Economic Methodology and the author of Reflection without rules: economic methodology and contemporary science theory (Cambridge University Press, 2001). His Agreement on demand: consumer choice theory in the 20th century, edited with Philip Mirowski, was published in 2006 by Duke University Press and The Elgar companion to recent economic methodology, edited with John B. Davis, was published in 2011.




How to Cite

Hands, D. W. (2015). Orthodox and heterodox economics in recent economic methodology. Erasmus Journal for Philosophy and Economics, 8(1), 61–81. https://doi.org/10.23941/ejpe.v8i1.184