Towards a transmutable economics? A comment on Wynarczyk
AbstractThis note responds to Wynarczyk?s recent claim in this Journal that Austrian and Post Keynesian Economics share a similar axiomatic base. It is argued that while both traditions appear to emphasise the nominal importance of money, creativity and uncertainty, if they are indeed committed to taking uncertainty seriously then both must recognise nonergodic constructs such as money denominated contracts. History matters.
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Bibliographic InfoArticle provided by Economic Issues in its journal Economic Issues.
Volume (Year): 7 (2002)
Issue (Month): 1 (March)
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- P Wynarczyk, 2002. "A Reply to Dunns Comment," Economic Issues Journal Articles, Economic Issues, vol. 7(1), pages 21-24, March.
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