heterodox economics

Although ‘heterodox economics’ is a widely used term, precisely what it means is debated. I argue that heterodox economics refers to a body of economic theories that holds an alternative position vis-à-vis mainstream economics; to a community of heterodox economists who identify themselves as such and embrace a pluralistic attitude towards heterodox theories without rejecting contestability and incommensurability among heterodox theories; and to the development of a coherent economic theory that draws upon various theoretical contributions by heterodox approaches which stand in contrast to mainstream theory.

globalization and labour

The entry of China, India, and the ex-Soviet countries into the world trading system in the 1990s has made globalization an increasingly important driver of labour outcomes across the world. Through trade, capital flows, the spread of technology and education, the world has begun to move towards a truly global labour market. Still, the dispersion of wages for similar work across countries remains high and immigration is the least developed part of globalization, leaving considerable scope for national labour markets, policies, and institutions to affect wages and worker well-being into the foreseeable future.