Introduction [to Handbook of Post-Keynesian Economics: Oxford University Press: USA]
Geoffrey Harcourt and
Peter Kriesler
No 2012-33, Discussion Papers from School of Economics, The University of New South Wales
Abstract:
In this Introduction, we discuss the main themes of post-Keynesian economics, and the manner in which they are dealt with by the contributors to the Handbook. In particular, the important aspects of post-Keynesian analysis are identified, and their main critiques of mainstream theory are discussed. According to Joan Robinson “post-Keynesian has a definite meaning; it applies to an economic theory or method of analysis which takes account of the difference between the future and the past”. In other words, historical time forms the basis of post-Keynesian analysis, which also stresses the importance of history, uncertainty, society and institutions in understanding economic phenomena.
Keywords: history of economic thought; post-Keynesian; equilibrium and disequilibrium; path-dependency; hysteresis; cumulative causation and the evolutionary (search for similar items in EconPapers)
JEL-codes: B00 B52 D5 E12 (search for similar items in EconPapers)
Pages: 71 pages
Date: 2012-05
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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Citations: View citations in EconPapers (1)
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