Heterodox Economics

[PokrLikeItsProse]

There's been some activity in the lefty blogosphere discussing "Hip Heterodoxy", an article in The Nation by Christopher Hayes, describing academic economists whose research runs contrary to mainstream economic thought. The article paints a picture of heterodox economists whose work is based more on empirical data vs orthodox neoclassical economists whose work is more theoretical in nature. The comparison may or may not be valid, but it reminds me of some poker players arguing that their exploitative style of play is the best and that poker theoreticians don't really know what they are talking about.

One place where this article has been discussed is the TPMCafe Book Club, which lists "James Galbraith, Tyler Cowen, Max Sawicky, Nathan Newman, David Warsh, Diane Coyle, Thomas Palley, David Ruccio, Mark Thoma, and Paul Krugman" as noted individuals reacting to the article.

Does anybody have a reaction? Did anyone read this or hear of it before I linked to it here? If you are plugged in to the conservative/libertarian end of the blogosphere, has this article been discussed at all there?