By plurodoxy, I mean a mainstream that has no orthodoxy, neoclassical or other. It is a mainstream composed of many different competing beliefs and research programs...I think that the concept is a "sequel" of his paper 2000 paper "The Death of Neoclassical Economics"
Today, the problem facing all heterodox groups, Austrians included, is that much of what they were fighting against no longer exists, if it ever did exist. Any orthodoxy that may have existed back in the 1970s has been replaced by a mainstream plurocracy.
Friday, October 30, 2009
I came across the expression "mainstream plurodoxy" while reading this paper by David Colander (hat tip Shikida). I think it quite a neat way to describe modern economics: