Abstract
This paper argues that while critical realist insights are important for heterodoxy, any engagement with the economic mainstream must remain faithful to Bhaskar’s original formulation with its explicit focus on ‘ideology critique’. The article proceeds by distinguishing Bhaskar’s more Marxian-inspired realism from the broadly heterodox variety of the ‘critical realism in economics’ (CRE) project. It then highlights the weaknesses of the CRE critique of the economic mainstream before positing an alternative critique in terms of ideology.
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