Diversifying Economics - an Introduction

New challenges require new approaches. Is economics part of the problem or part of the solution? Probably both. We believe that economics needs to be as diverse as the challenges we are facing today! We therefore invite you to our lecture series about pluralist economics and its practical application. Each week, we will dive into diverse topics and theories to expand our perspectives as students, teachers, and citizens that live with paradigms of economics everyday. We are starting with a lecture by Theresa Steffestun, founding member of the Netzwerk Plurale Ökonomik. Together, we will ask: Why do we need plural approaches in economics? And what even is this neoclassical model, that everybody is talking about?

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Comment from our editors:

The MÖVE group has been an important part of the international movement for Rethinking Economics from the start.

In this introductory talk, Theresa gives an overview over the very raison d'être of heterodox economics: If there are different schools of economic thought, what are they? And where's the difference to the 'mainstream'? And what school of thought is the foundation of that mainstream anyway?

Pluralist thinking in economics indeed is a matter in and of itself: There isn't any one definite way of economic thinking. As always in social sciences, knowledge is generated by debate between different theoretical outlooks on the same observations. That, eventually, is what heterodox economics is all about.

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