Heterodox economics refers to economic theories and communities of economists that are in various ways an alternative to mainstream economics. It is a multi-level term that refers to a body of economic theories developed by economists who hold an irreverent position vis-à-vis mainstream economics and are typically rejected out of hand by the latter ; to a community of heterodox economists whom 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.
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