A Realist Appraisal of Post-Keynesian Pricing Theory

Paul Downward

Cambridge Journal of Economics, 2000, vol. 24, issue 2, 211-24

Abstract: This paper argues that, based on the ontological insights of critical realism, epistemological guidelines can be established to review post-Keynesian pricing theories critically. Consequently, the paper suggests a basis on which the coherence of post-Keynesian pricing theory can be established. Crucially, some often-cited contributions are inconsistent with such a realist-defined post-Keynesian economics. The role of empirical work in critical realism is discussed. Copyright 2000 by Oxford University Press.

Date: 2000
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