Principles of Institutional-Evolutionary Political Economy -- Converging Themes from the Schools of Heterodoxy

The article examines the renewed interest in heterodox political economy. Institutionalists, post Keynesians, neo-Marxists, and feminists among others, and various sub-groups provide schools of thought on heterodoxy. The guidelines of institutional-evolutionary political economy (IEPE) are offered alongside socioeconomic analysis and complexity theories. The author outlines the conflict of individual v. structure. Other topics covered include social capital, heterogeneous agents, financial instability, cumulative causation, institutional environments, community and governance, and destructive creation.