Is Economics Trapped in Orthodoxy?

Boundaries and Coherence of the Economics Discipline

I was not really surprised to see Justin Hague second Ha-Joon Chang’s attack on the profession’s orthodoxy in the FT. Chang’s position is that economists are in the grips of a doctrinal rigidity.

The dominance of neoclassical economics in our university curricula has created a world where we are told there is no alternative — only technical adjustments …