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

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  • Marc Lavoie

    (University of Ottawa)

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.

Suggested Citation

  • Marc Lavoie, 2005. "Do the Heterodox Theories Have Something in Common? A post-Keynesian Point of View," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 63, pages 43-76, Julio-Dic.
    • Handle: RePEc:lde:journl:y:2005:i:63:p:43-769
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    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/315
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    Cited by:

    1. Engelbert Stockhammer & Paul Ramskogler, 2009. "Post-Keynesian economics How to move forward," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 6(2), pages 227-246.

    More about this item

    Keywords

    Heterodox; neoclassical; post-keynesian; kaleckians;
    All these keywords.

    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; Modern Monetary Theory

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