Alternative Schools of Economic Thought

Alternative Schools of Economic Thought. In James D. Wright, ed. International Encyclopedia of the Social and Behavioral Sciences, 2nd Edition, 2015, Oxford: Elsevier, Ltd., pp. 573-578

7 Pages Posted: 13 Dec 2015  

Peter J. Boettke

George Mason University - Department of Economics

Solomon M. Stein

George Mason University

Date Written: 2015

Abstract

Alternative schools of economic thought are defined relative to the current mainstream of economic theory. This article examines the path of mainstream economics during the twentieth century and the challenges presented to the mainstream by various alternative schools of economic thinking, such as the desire for relevance of American institutional economics, the emphasis on market process and calculation given by Austrian economics, the role of gendered theorizing examined by feminist economics, and the treatment of uncertainty offered by post-Keynesian Economics.

Suggested Citation

Boettke, Peter J. and Stein, Solomon M., Alternative Schools of Economic Thought (2015). Alternative Schools of Economic Thought. In James D. Wright, ed. International Encyclopedia of the Social and Behavioral Sciences, 2nd Edition, 2015, Oxford: Elsevier, Ltd., pp. 573-578. Available at SSRN: https://ssrn.com/abstract=2702591

Peter J. Boettke (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)

Solomon M. Stein

George Mason University ( email )

4400 University Drive
Fairfax, VA 22030
United States

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