Institute for Institutional and Heterodox Economics
Where you can find us:
Welthandelsplatz 1/ Building D4/ 2nd floor
Our faculty and staff study the economy from a variety of schools of economic thought. Methods in mainstream economics are often characterized by an individualistic perspective. However, explanations of economic processes cannot be based solely on "rational behavior". We thus question and study the determinants of economic behavior, and the factors on which it is institutionally and culturally based. We concentrate on these neglected issues from the perspective of political economy, the theory of the inseparable influences that political, social, cultural, and political institutions have on the economy.
Our main research areas are:
Institutional and evolutionary economics
Alternative political economy
History of economic thought
Political economy of the media
Feminist aspects of political economy / feminist economics
Epistemics and economics
Emphasis in Teaching
In teaching, a practical approach is used to make the theories of institutional and evolutionary economics, alternative political economy, history of economic thought, political economy of the media, sustainable development, feminist economics, globalization, and epistemics accessible to students.