It is the purpose of this paper to elaborate on the argument that formalism is non-neutral; analyses which today would be described as informal turn into something quite different when formalised. The reasons for non-neutrality refer to the choice of assumptions or axioms, the choice of method,...

The purpose of this paper is to consider the application of development economics at the methodological level. In particular, given the shortcomings of both the modernist and postmodernist approaches to development policy, we consider an alternative approach, drawing on critical realism, which...

Frederic S. Lee's collection of essays makes a substantial contribution to our understanding of the history of heterodox economics, and to our sense of heterodox economics as a community. This paper explores issues arising from the collection in relation to the characterisation of this history,...

The purpose of this paper is to explore the role for psychology within an open-system structural theory of financial instability, and to consider the implications for policy. While behavioural finance has drawn on ideas from psychology in order to explain evidence of behaviour that deviates from...

The purpose of this paper is to make the case for discussing developments in the history of thought as having the potential to inform modern discussion. The case is made by means of considering the particular relevance of David Hume's thought for critical realism, emphasising his use of the...