Beyond market‐fundamentalist economics: an agenda for heterodox economics to change the dominant narrative

Abstract

Purpose

The purpose of this article is to introduce heterodox economics as a viable alternative to market‐fundamentalist economics and to outline the articles of the special issue.

Design/methodology/approach

This introductory article provides an overview and summary of the contributions in the special issue.

Findings

Market‐fundamentalist economics has failed to adequately explain the economy or to provide guidance to policymakers that lead to widely‐shared prosperity and human well‐being. By contrast, heterodox economics offers social and historical narratives of both market and non‐market activities.

Originality/value

The article helps general readers to get acquainted with visions and approaches that are alternative to market‐fundamentalist economics. This will allow them to imagine more concretely that a better world is possible.

Citation

Jo, T., Chester, L. and King, M.C. (2012), "Beyond market‐fundamentalist economics: an agenda for heterodox economics to change the dominant narrative", On the Horizon, Vol. 20 No. 3, pp. 155-163. https://doi.org/10.1108/10748121211256856