A Guide to Paradigmatic Self-Marginalization: Lessons for Post-Keynesian Economists |
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Authors: | Leonhard Dobusch Jakob Kapeller |
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Institution: | 1. Freie Universitaet Berlin , Germany leonhard.dobusch@fu-berlin.de;3. University of Linz , Austria |
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Abstract: | While many heterodox economists hope that the recent financial crisis will lead to paradigmatic change in economics, we argue that path-dependent processes and institutional factors within the economic community hinder such a change. Focusing on the citation behavior of economists in heterodox journals in general and in Post-Keynesian journals in particular, we discuss structural reasons—connected to positive feedback mechanisms within the institutional framework of the economics discipline—for the marginalization of heterodox economic thought. |
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