Handling with the crisis: the heterodox economics or the orthodox economics?

Abstract

Until 2008, world encountered a huge economics crisis and this crisis has not been overcame yet. Even conservative ideologs state that the system must be changed. So, the question is in here, ‘how will it be achieve?’ Until 1970, economics ideologs depicted how an economics would be. But, their solutions seem to come to an end or would it be really end? In this study, we aim to investigate the difference between the heterodox economics-the orthodox economics whether there will be a solution to crisis or not. Because, their views to look at the economical relationships determine the economical trend. The deadlocks of the system has been caused by the applications of the orthodox economics which is also called neo-classical economics for a long time. Thus, we will examine if there are some other solutions to cope with crisis or not. And then, we will glance to 2008 crisis in order to understand if the point of view to economics problems will be changed or not. Consequently, by the mediation of the difference of the orthodox economics and the heterodox economics will be investigated in order to create a solutions the crisis which have been continuing until 2008.