Going for the Juglar: Keynes, Schumpeter and the Theoretical Crisis of Economics

Alan Freema
Authors registered in the RePEc Author Service: Alan Freeman

MPRA Paper from University Library of Munich, Germany

Abstract: This paper was presented in the session on ‘Long Waves in Political Economy’ organised by Ingo Schmidt at the Congress of the Humanities and Social Sciences, Ottawa, June 1-4 2015. It discusses the ‘theoretical turn’ towards state intervention in the last Great Depression and the need for clarity about the underlying views of Keynes and Schumpeter – two of the major opposed players in that theoretical turn. It argues that primary function of economics as an esoteric discipline disguises the essence of these underlying theoretical positions. Thus in order to make a rational and evidence-based connection between theory and policy, attention both to interpretation and to assertive pluralism is indispensable.

Keywords: pluralism; political economy; economics (search for similar items in EconPapers)
JEL-codes: B0 B4 (search for similar items in EconPapers)
Date: 2015-06-03, Revised 2015-06-05
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/65383/1/MPRA_paper_64809.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:64809

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