An orthodox economist would conclude that individual farmers could own their own tractors, but not entire farms.
Mr. Lagos has appointed two orthodox economists as his economy and finance ministers, mindful that business leaders and foreign investors would be watching.
His key appointees have been "technocrats and orthodox economists," said Mr. El-Erian.
Some measures like streamlining Government would appeal to orthodox economists.
Even the most orthodox economist has to admit that on a finite planet we cannot grow exponentially forever.
As an example of this, orthodox economists themselves have difficulty predicting economic developments using their own analyses.
According to orthodox economists it comes from land, labor, and capital.
Maurice Dobb despite being an orthodox Marxist economist was also associated with this current.
Mr. Greenspan, an orthodox conservative economist who has been chairman of the Fed since August, stirs worries in both Congress and the Administration.
This program relied on Populist notions of how money and prices worked and was disputed by most orthodox economists.