ELI5: Explain Like I'm 5

Heterodox Economics

Heterodox economics is a way of thinking about economics that is different from traditional economics. Instead of only looking at things like money, resources, and markets, it looks at other things too, like culture, history, and environment. It also puts people at the center, looking at how different people in different places experience and respond to economic changes. Heterodox economic thinking is used to help come up with solutions to economic problems in a more creative and diverse way.