Abstract

Lawson (2005) attempts to distinguish between heterodox and mainstream approaches in terms of their ontological presuppositions. By contrast he claims that different heterodox approaches are characterized not by their fundamental ontological presuppositions but more superficially by different ‘concerns or questions of interest’. First I argue here that this proposed distinction between heterodox and mainstream approaches is unconvincing. Second, I propose that the ontological communality claimed by Lawson for heterodoxy ignores the specific ontological outlook of a ‘Veblenian’ branch of institutional and evolutionary economics that focuses on algorithms and rule systems.

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