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Do the Heterodox Theories Have Something in Common? A post-Keynesian Point of View

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Author Info
Marc Lavoie () (University of Ottawa)

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Abstract

This article presents different theoretical elements that share some heterodox ideas. This elements reside in four intricate areas: rationality of the individual, the theory of prices, the kaleckian model of growth, and the integration of the real with the monetary sector. Despite the divergences, these theoretical elements constitute a coherent set that could be improved with the aim of building a sole heterodox theory,which would serve as a real alternative to the dominant neoclassical theory.

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Publisher Info
Article provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.

Volume (Year): (2005)
Issue (Month): 63 (Julio-Diciembre)
Pages: 43-76
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Handle: RePEc:lde:journl:y:2005:i:63:p:43-769

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Related research
Keywords: Heterodox; neoclassical; post-keynesian; kaleckians;

Find related papers by JEL classification:
B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian

References listed on IDEAS
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  1. Taylor, Lance, 1990. "Real and Money Wages, Output and Inflation in the Semi-industrialized World," Economica, London School of Economics and Political Science, vol. 57(227), pages 329-53, August. [Downloadable!] (restricted)
  2. Eckhard Hein & Carsten Ochsen, 2003. "Regimes of Interest Rates, Income Shares, Savings and Investment: A Kaleckian Model and Empirical Estimations for some Advanced OECD Economies," Metroeconomica, Blackwell Publishing, vol. 54(4), pages 404-433, November. [Downloadable!] (restricted)
  3. You, Jong-Il, 1994. "Macroeconomic Structure, Endogenous Technical Change and Growth," Cambridge Journal of Economics, Oxford University Press, vol. 18(2), pages 213-34, April.
  4. Spaventa, Luigi, 1970. "Rate of Profit, Rate of Growth, and Capital Intensity in a Simple Production Model," Oxford Economic Papers, Oxford University Press, vol. 22(2), pages 129-47, July. [Downloadable!] (restricted)
  5. Park, Man-Seop, 1995. "A Note on the "Kalecki-Steindl" Steady-State Approach to Growth and Income Distribution," The Manchester School of Economic & Social Studies, Blackwell Publishing, vol. 63(3), pages 297-310, September.
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This page was last updated on 2009-11-29.

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