Research: an overview
Heterodox economics (alternative economics) deals with the methodologies that are outside “mainstream economics”, or going beyond neoclassical economics. These include institutional, socialist, Marxian, Austrian, social, post-Keynesian and ecological economics among others. Some heterodox theories reject basic assumption of neoclassical theory, arguing for alternative understandings of how economic decisions are made and/or how human psychology works. Accordingly, the work of the Centre involves following major research areas through which the policy alternatives advocated are identified and developed.