Peter Howitt – a Keynesian Still in Recovery

David Laidler

No 202211, University of Western Ontario, Departmental Research Report Series from University of Western Ontario, Department of Economics

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 Clower and 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 will perhaps give disequilibrium macroeconomics a new lease on life.

Keywords: equilibrium; disequilibrium; money; New classical Economics; New Keynesian Economics; Keynes; Lucas; Howitt; Clower; Leijonhufud; Phelps. (search for similar items in EconPapers)
JEL-codes: B22 B59 E12 E13 E31 E32 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-pke
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