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, Mainstream and Heterodox market views. Choose one of the views and then provide some reasons...

, Mainstream and Heterodox market views. Choose one of the views and then provide some reasons why the view you have chosen is more appropriate, relevant, or convincing than the other.

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Answer #1

I have chosen Heterodox due to following reasons-

  • Heterodox economics is mainly based on the reality therefore its decision is based on reality whereas mainstream is based on set of assumption and its decision is based on those assumptions which may not give you the exact results.
  • Heterodox does not give you results on prediction rather it gives you the results on reality on human behaviour with social context
  • The objective of Heterodox is very simple and clear as to understand the economic world just be observing , testing and replacing things
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