Peter Howitt â€“ 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
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)
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