In this article in The Mint, I explore the relevance of dependency theory/ies today, along with Farwa Sial and Carolina Alves. We also identify some common critiques of dependency theory and argue that these are rooted in misunderstandings about the theories.
Carolina Alves and I unpack misunderstandings about Heterodox Economics in our recent blog post on Developing Economics:
“Economics is unique among the social sciences in having a single monolithic mainstream, which is either unaware of or actively hostile to alternative approaches.” (John King 2013: 17)
What does heterodox economics mean? Is the label helpful or harmful? Being outside of the mainstream of the Economics discipline, the way we position ourselves may be particularly important. For this reason, many around us shun the use of the term “heterodox” and advise against using it. However, we believe the reluctance to use the term stems in part from misunderstandings of (and sometimes disagreement over) what the term means and perhaps disagreements over strategies for how to change the discipline.
In other words, this is an important debate about both identification and strategy. In this blog, we wish to raise the issue in heterodox and mainstream circles, by busting a few common myths about Heterodox Economics – mostly stemming from the orthodoxy. This is a small part of a larger project on defining heterodox economics.
Read more here.
Earlier this month, I published a letter in the Financial Times with Carolina Alves, Besiana Balla and Devika Dutt (July 17th, 2018). The letter was a reaction the lack of diversity in Martin Wolf’s summer reading list in the FT. His reading list consisted of only authors based in either the UK or the US, 12 out of 13 of the authors were men, and most of them were writing within the so-called mainstream of the profession. We were therefore compelled to put together our own list in order to show that heterodox, female and/or non-Western scholars also do publish high quality work – although it tends to go unnoticed due to the biases in our field. So, we put together this Alternative Economics Summer Reading List (published on Developing Economics).
It was Martin’s response (see here for the full exchange) to my comment under his list that finally inspired us to write a letter to the FT. In our letter, we urge Martin to be explicit about his biases when publishing such reading lists, as many FT readers might be misled into thinking that his lists represent the breadth of the field.
The letter went on to become the most read FT Letter of the week.
Carolina Alves (University of Cambridge) and I wrote some thoughts on the way Marx has been celebrated this year, why he appears to be so polarizing, and the effects on the marginalization of Marx in Economics. Check it out.
My research and blog was profiled on The New School Research Matters platform.