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Has there Been Progress in Post Keynesian Economics?

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  • John Edward King

Abstract

Has there Been Progress in Post Keynesian Economics? (by John Edward King) - ABSTRACT: I begin by assessing the socio-economic dimensions of scientific progress. In most of these areas Post Keynesian economics has gone backwards since the 1970s. I then outline the views on intellectual progress of the philosophers Karl Popper, Thomas Kuhn and Imre Lakatos, and consider the performance of the Post Keynesians according to their criteria. I conclude by speculating on some alternative futures for Post Keynesianism, which include impending death, absorption into the mainstream, incorporation into a broader school of heterodox economics, and the (unlikely) possibility that the Post Keynesians might undertake a successful scientific revolution against neoclassical theory. JEL Classification: B22

Suggested Citation

  • John Edward King, 2000. "Has there Been Progress in Post Keynesian Economics?," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2000(70).
    • Handle: RePEc:fan:steste:v:html10.3280/ste2000-070001
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    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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