Do the Heterodox Theories Have Something in Common? A post-Keynesian Point of View

Marc Lavoie

Lecturas de Economía, 2005, issue 63, 43-76

Abstract: This article presents different theoretical elements that share some heterodox ideas. This elements reside in four intricate areas: rationality of the individual, the theory of prices, the kaleckian model of growth, and the integration of the real with the monetary sector. Despite the divergences, these theoretical elements constitute a coherent set that could be improved with the aim of building a sole heterodox theory,which would serve as a real alternative to the dominant neoclassical theory.

Keywords: Heterodox; neoclassical; post-keynesian; kaleckians (search for similar items in EconPapers)
JEL-codes: B5 E12 E13 (search for similar items in EconPapers)
Date: 2005
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