Peter Howitt’s Keynesian Recovery and Keynes: an assessment

Sylvie Rivot

The European Journal of the History of Economic Thought, 2024, vol. 31, issue 2, 204-226

Abstract: This article examines Peter Howitt’s contribution to non-Walrasian economics in relation to his account of Keynes’ theoretical apparatus as developed in his General Theory. We address the following issues: first, what was, according to Howitt, the central message in Keynes’ General Theory? Second, how does Howitt assess the Keynesian legacy, from the initial works by Patinkin related to multiple equilibria models through to the disequilibrium macroeconomics of the 1970s? Third, how far do Howitt’s own theoretical findings connect with Keynes’ claims about the functioning of a decentralised market economy?

Date: 2024
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DOI: 10.1080/09672567.2024.2329057

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