Has there Been Progress in Post Keynesian Economics?

John Edward King

STUDI ECONOMICI, 2000, vol. 2000/70, issue 70

Abstract: Has there Been Progress in Post Keynesian Economics? (by John Edward King) - ABSTRACT: I begin by assessing the socio-economic dimensions of scientific progress. In most of these areas Post Keynesian economics has gone backwards since the 1970s. I then outline the views on intellectual progress of the philosophers Karl Popper, Thomas Kuhn and Imre Lakatos, and consider the performance of the Post Keynesians according to their criteria. I conclude by speculating on some alternative futures for Post Keynesianism, which include impending death, absorption into the mainstream, incorporation into a broader school of heterodox economics, and the (unlikely) possibility that the Post Keynesians might undertake a successful scientific revolution against neoclassical theory. JEL Classification: B22

Date: 2000
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