[Pen-l] On the mediocrity of Heterodox Economics

[michael perelman <michael@xxxxxxxxxxxxxxxxx>]

Ann Pettifore's recent article linked to Richard Portes' statement about 
heterodox economics.

http://www.guardian.co.uk/commentisfree/2009/feb/26/recession-economy-capitalism

Portes, Richard. 2008. "The Annual Report of the Secretary-General (of 
the Royal Economic Society).
http://www.res.org.uk/society/pdfs/newsletter/apr08.pdf

"Mediocrity is rationalised on the grounds that it is hard for the 
‘heterodox’ to publish in top journals -- despite the examples of Joseph 
Stiglitz, Amartya Sen, Herbert Simon, Samuel Bowles, Herbert Gintis, and 
many others."

Consider his list of Heterodox economists.  Herbert Simon?  There is 
some overlap there, but he ceased to do economics and moved on to other 
fields.  Joe Stiglitz did good stuff before he became active in public 
debates, but I think most economists would regard his more 
policy-oriented work as belonging in top journals.  Amartya Sen also 
does interesting work, but has he ever been associated with the left.
--
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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