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Changing definitions: a comment on Davidson's critique of King's history of Post Keynesianism

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  • MARC LAVOIE

Abstract

In a review of John King's book, Paul Davidson has argued that King had been in error when including Sraffians and Kaleckians in his Post Keynesian classification. Davidson seems to believe that Post Keynesianism should be restricted to Fundamental Keynesianism. It is shown that King followed the taxonomy proposed by Davidson in the 1970s and early 1980s. Hence, Davidson cannot blame King for using these definitions. The paper concludes by claiming that despite their idiosyncrasies, heterodox theories contain a large amount of commonalities that ought to be underlined.

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  • Marc Lavoie, 2005. "Changing definitions: a comment on Davidson's critique of King's history of Post Keynesianism," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(3), pages 371-376.
    • Handle: RePEc:mes:postke:v:27:y:2005:i:3:p:371-376
    DOI: 10.1080/01603477.2005.11051449
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    Cited by:

    1. Thomas Goda, 2013. "The role of income inequality in crisis theories and in the subprime crisis," Working Papers PKWP1305, Post Keynesian Economics Society (PKES).
    2. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    3. León Díaz, John Jairo, 2007. "Keynesianismo, Poskeynesianismo y Nuevokeynesianismo: ¿Tres doctrinas diferentes y una sóla teoría verdadera? [Keynesianism, PostKeynesianism and Newkeynesianism: ¿Three different doctrines just on," MPRA Paper 4600, University Library of Munich, Germany, revised 2007.
    4. Corrado Andini, 2009. "Teaching Keynes’s Principle of Effective Demand within the Real Wage vs. Employment Space," Forum for Social Economics, Taylor & Francis Journals, vol. 38(2-3), pages 209-228, January.
    5. Heise, Arne, 2023. "Keynes and the drunkard under the lamp post: Making sense of Palley," ZÖSS-Discussion Papers 103, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
    6. Kemp-Benedict, Eric, 2014. "The inverted pyramid: A neo-Ricardian view on the economy–environment relationship," Ecological Economics, Elsevier, vol. 107(C), pages 230-241.
    7. Thomas Goda, 2017. "A comparative review of the role of income inequality in economic crisis theories and its contribution to the financial crisis of 2007-2009," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 9(1), pages 151-174, February.

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