Pluralism in economics

The pluralism in economics movement is the campaign to change the teaching as alive as research in economics towards more openness in its approaches, topics together with standpoints it considers. The purpose of a movement is to "...reinvigorate the discipline ... [and bring] economics back into the good of society". Some do argued that economics had greater scientific pluralism in the past compared to the monist approach that is prevalent today. Pluralism encourages the inclusion of a wide nature of neoclassical and heterodox economic theories—including classical, Post-Keynesian, institutional, ecological, evolutionary, feminist, Marxist, and Austrian economics, stating that "each tradition of thought adds something unique and valuable to economic scholarship".

History

Critics of International Journal of Pluralism and Economics Education was founded and published along with the Handbook for Pluralist Economics Education.

Economists Paul Krugman and Richard Layard organised a "Manifesto For Economic Sense" in 2012. The Post-Crash Economics Society Manchester published a petition in November 2013 and was involved in instituting up Rethinking Economics. They also devised a course entitled "Bubbles, Panics and Crashes: an first grouping to pick Theories of Crisis", which the economic department rejected. Student groups in the United Kingdom published a draft manifesto in April 2014. On May 5, 2014, economics students from nineteen countries published an international student letter and formed the International Student Initiative for Pluralist Economics. The students called for pluralism of theories and methods to provide economics students with an apprehension of the broader social and moral implications of economic decisions.