Economist. Co-founder @DivDecEcon.
London
Joined February 2010
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Our book is out and available for purchase in the U.K. Writing this book with @cacrisalves @SurbhiKesar & @ingridharvold was a long and arduous process that has arguably changed us all, and we’d be honoured for y’all to read it. Get it now from @politybooks and in bookstores!
Economics obscures or is oblivious to the politics embedded in theorization itself. In this book, @devikadutt, @cacrisalves, @SurbhiKesar & @ingridharvold return political questions to the heart of economic theorizing.
Devika Dutt retweeted
This is like when people claim to speak without an accent. All social science researchers have bias like all speakers have accents. We can discuss the best way to address these biases but it's childish or disingenous to pretend that any human studying other humans is objective.
The fatal challenge to heterodox economics is that there isn't actually orthodox economics.
Just take a few recent Nobels: behavioral, information failure, institutions, bubbles, financial fragility, labor monopsony (sort of), Schumpeterian creative destruction, etc.
Not to mention RCTs which are emblematic of how much economic research is empirical and only lightly if at all structural.
The real difference is methods. Heterodox economics is an avowedly political project not a social scientific effort to better understand the world. And I have nothing against political projects just shouldn't confuse the two.
Devika Dutt retweeted
This is the frustrating thing about mainstream Econs. They see diversity of *topics* and think it represents genuine diversity in *theoretical foundations*. Completely oblivious to the historical narrowing of what counts as Economics that led us to this situation.
I wish the FATAL challenge to mainstream economics was the proud ignorance of its own history and what even is heterodox economics. Might have something to do with politics, but who knows 🤭
The fatal challenge to heterodox economics is that there isn't actually orthodox economics.
Just take a few recent Nobels: behavioral, information failure, institutions, bubbles, financial fragility, labor monopsony (sort of), Schumpeterian creative destruction, etc.
Not to mention RCTs which are emblematic of how much economic research is empirical and only lightly if at all structural.
The real difference is methods. Heterodox economics is an avowedly political project not a social scientific effort to better understand the world. And I have nothing against political projects just shouldn't confuse the two.
Devika Dutt retweeted
Happy to be part of this @JournalSpectre roundtable on imperialism! My piece “the money fetish and empire” intervenes in the debates about the alleged imminent fall of the US Dollar by bringing in the connection between world money and global value relations
This fall's Spectre is a double issue featuring our roundtable on imperialism today with Scott Aquanno, Adam Hanieh, Kevan Harris ( @kevankharris ), Ingrid Harvold Kvangraven ( @ingridharvold ), Steve Maher ( @SteveMaher18 ), and Sirisha C. Naidu.
Devika Dutt retweeted
Anwar Shaikh’s brilliant teaching and scholarship helped an entire generation understand the inner logic of capitalism.
He will be missed not only by colleagues and students in the field, but by the countless people whose understanding of the world was enriched by his work.
Devika Dutt retweeted
We lost our colleague and friend Anwar Shaikh yesterday. The moment is still too shocking and raw to offer a fitting celebration of his contributions to critical and radical economic thinking across five decades. For now, let his own words to @histmat journal describe the analytical and political visions Anwar left for us.
@NSSRNews
historicalmaterialism.org/an…
Devika Dutt retweeted
Rest in power, Anwar Shaikh. A giant of political economy and a major pillar for The New School community as well as the broader hetecon and Marxist space ❤️
Anwar Shaikh ist gestorben. Er war der wohl wichtigste lebende antikapitalistische Ökonom – weil er den Kapitalismus verstanden hatte. Und er hat dieses Wissen an Generationen weitergegeben.
Das Foto hab ich 2023 auf einer Party in der @NSSRNews gemacht.
Devika Dutt retweeted
Anwar Shaikh is one of the most important critics of capitalism. His work provides a fundamental understanding of it, recovering Marxist categories and going beyond them.
Güney Işıkara and I tried to sketch an intellectual biography in @jacobin:
jacobin.com/2026/04/shaikh-c…
Devika Dutt retweeted
R.I.P. Anwar Shaikh
historicalmaterialism.org/an…
Devika Dutt retweeted
Sad news.
Today, we lost one of the greatest thinkers of political economy. Rest in peace Anwar Shaikh.
Devika Dutt retweeted
🔴 My final appeal.🔴
If you can support Habiba ♥️🫶
Here is the link 👇👇
You can Share it , Donate if you can .
gofund.me/e992423f
Devika Dutt retweeted
The rise of neoclassical models and the Cold War purge of Marxist approaches from economics departments severed the link between politics and economics. Our video of the week calls for repoliticizing economics.
Feat. Ingrid Harvold Kvangraven on @IAI_TV
buff.ly/KGr8h08
Devika Dutt retweeted
🔥New paper in World Development 🔥
Measuring Global Exploitation, 1990–2023: Does Globalization Equalize Exploitation Rates?
authors.elsevier.com/a/1nsCS…
Devika Dutt retweeted
I will be speaking on 'Researching Internationalisation in Indian Higher Education: Complexity, Evaluation and Futures' for @ResearchCGHE webinar series. 29th September 2026 // 2 PM BST // 6:30 PM IST
Do attend! Registration link: researchcghe.org/events/rese…
Devika Dutt retweeted
I hope this episode with Ed Sheeran and Macklemore demonstrates to the masses how powerful we are collectively, how much power each of us holds individually to withdraw our consent and complicity, and refuse silence. Thank you to every musician who dropped out, and to every ticket holder demanding a refund and refusing to attend.
Devika Dutt retweeted
Just published a brief, popular entry sharing some thoughts on statistics, scientism, individualism, and economic analysis. A teaser of a few forthcoming formal pieces....
Read it and other recent critical interventions just published by @hetecon
hetecon.net/2026/09/13/we-ne…
Devika Dutt retweeted
If you think this is crazy, wait till you hear how Larry Summers fired Joe Stiglitz as the World Bank's Chief Economist cause he couldn't take his critique of financial liberalisation after the 1997 East Asian crisis.
American hegemony is not a Trump invention.
IMF ditched top candidate for chief economist job over Trump tariff remarks ft.trib.al/FpsfMEc
Devika Dutt retweeted
Sharing our new article, with Snehashish Bhattacharya,“Development economics and the colonial encounter: Informality, caste, and postcolonial capitalist development in India”, now published in World Development. 🧵
sciencedirect.com/science/ar…
Devika Dutt retweeted
Mainstream economic models obscure the structural power dynamics at the core of global inequality. bit.ly/46bG2Ko
Ingrid Harvold Kvangraven argues that capitalism has always been an inherently uneven, global system shaped by imperialism, class, and unequal power relations.
