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The return of vulgar economics: A Rejoinder to Colander, Holt and Rosser

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  • Matías Vernengo

Abstract

This paper provides a rejoinder to Colander, Holt and Rosser (2010) strategy to win friends and influence mainstream economics. It is suggested that their strategy is counter-productive, and while it might gain them friends, it will not lead to increased influence of heterodox ideas within what they term the cutting edge of the profession. It is argued that their failure to understand the nature of heterodoxy, and the reason for the eclecticism of the mainstream, associated to the rise of vulgar economics, undermines their arguments.

Suggested Citation

  • Matías Vernengo, 2011. "The return of vulgar economics: A Rejoinder to Colander, Holt and Rosser," Working Paper Series, Department of Economics, University of Utah 2011_14, University of Utah, Department of Economics.
    • Handle: RePEc:uta:papers:2011_14
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    File URL: http://economics.utah.edu/research/publications/2011_14.pdf
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    References listed on IDEAS

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    1. Alcino F. Camara-Neto & Matías Vernengo, 2012. "Keynes after Sraffa and Kaldor: Effective Demand, Accumulation and Productivity Growth," Chapters, in: Thomas Cate (ed.), Keynes’s General Theory, chapter 10, Edward Elgar Publishing.
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    More about this item

    Keywords

    Methodology; Heterodox Economics JEL Codes: B49; B59;
    All these keywords.

    JEL classification:

    • B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other

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