Peter Howitt - A Keynesian Still in Recovery

David Laidler

No 2023-10, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: Peter Howitt is best known for his contributions to growth theory, but his work in short-run economics, which began with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium tradition of Robert Clower and Axel Leijonhufvud, and for a long time has been overshadowed by New-classical and New-Keynesian orthodoxy. However, the development of agent based modelling and behavioural economics is perhaps giving disequilibrium macroeconomics a new lease on life.

Keywords: equilibrium; disequilibrium; money; New classical Economics; New Keynesian Economics; Keynes; Lucas; Howitt; Clower; Leijonhufvud; Phelps (search for similar items in EconPapers)
JEL-codes: B22 B59 E12 E13 E31 E32 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2023-06
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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Related works:
Journal Article: Peter Howitt – a Keynesian still in Recovery* (2024)
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