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Post Keynesians and Others

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  • J. E. King
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    Abstract

    I begin by considering four alternative positions on the correct relationship between Post Keynesians and mainstream economics: opposition, cooperation, neglect and stealth; I argue that sustained opposition is the only viable strategy. Next I discuss the appropriate relationship between Post Keynesians and mainstream dissenters, concluding that relatively little can be expected to come from it. I then assess the link between Post Keynesians and other schools of heterodox economics, which I consider to be one of friendly pluralism rather than fundamental unity. I conclude that Post Keynesians should remain open to ideas from other heterodox traditions, and might also benefit from becoming more inter-disciplinary.

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    File URL: http://hdl.handle.net/10.1080/09538259.2012.664353
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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Review of Political Economy.

    Volume (Year): 24 (2012)
    Issue (Month): 2 (April)
    Pages: 305-319

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    Handle: RePEc:taf:revpoe:v:24:y:2012:i:2:p:305-319

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Akerlof, George A., 2001. "Behavioral Macroeconomics and Macroeconomic Behavior," Nobel Prize in Economics documents 2001-4, Nobel Prize Committee.
    2. Paul Davidson, 2000. "There Are Major Differences between Kalecki's Theory of Employment and Keynes's General Theory of Employment Interest and Money," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 23(1), pages 3-25, October.
    3. repec:psl:bnlqrr:1993:33 is not listed on IDEAS
    4. Giuseppe Fontana & Bill Gerrard, 2006. "The future of Post Keynesian economics," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 49-80.
    5. George A. Akerlof, 2009. "How Human Psychology Drives the Economy and Why It Matters," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(5), pages 1175-1175.
    6. Therese Jefferson & J. E. King, 2010. "Can Post Keynesians make better use of behavioral economics?," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 33(2), pages 211-234, January.
    7. Esther-Mirjam Sent, 2004. "Behavioral Economics: How Psychology Made Its (Limited) Way Back Into Economics," History of Political Economy, Duke University Press, vol. 36(4), pages 735-760, Winter.
    8. repec:psl:bnlaqr:1993:33 is not listed on IDEAS
    9. Paul Davidson, 2005. "Responses to Lavoie, King, and Dow on what Post Keynesianism is and who is a Post Keynesian," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 27(3), pages 393-408, April.
    10. Louis-Philippe Rochon & Peter Docherty, 2012. "Engagement with the Mainstream in the Future of Post Keynesian Economics," Review of Political Economy, Taylor & Francis Journals, vol. 24(3), pages 503-518, July.
    11. David Colander, 2007. "Introduction to The Making of an Economist, Redux
      [The Making of an Economist, Redux]
      ," Introductory Chapters, Princeton University Press.
    12. Leonhard Dobusch & Jakob Kapeller, 2009. ""Why is Economics not an Evolutionary Science?" New Answers to Veblen's Old Question," Journal of Economic Issues, M.E. Sharpe, Inc., vol. 43(4), pages 867-898, December.
    13. David Colander & Hugo Nopo Key Words: Latin American economics, global economics, political economy, graduate training, Latin America, applied economics, 2007. "The Making of a Latin American Global Economist," Middlebury College Working Paper Series 0705, Middlebury College, Department of Economics.
    14. Paul Davidson, 2008. "Is the current financial distress caused by the subprime mortgage crisis a Minsky moment? or is it the result of attempting to securitize illiquid noncommercial mortgage loans?," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 30(4), pages 669-676, July.
    15. Simon Wren-Lewis, 2011. "Internal consistency, price rigidity and the microfoundations of macroeconomics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 18(2), pages 129-146.
    16. J.E. King, 2005. "Unwarping the record: a reply to Paul Davidson," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 27(3), pages 377-384, April.
    17. David Colander, 2009. "How Did Macro Theory Get So Far off Track, and what Can Heterodox Macroeconomists Do to Get it Back On Track?," Middlebury College Working Paper Series 0911, Middlebury College, Department of Economics.
    18. John B. Davis, 2008. "The turn in recent economics and return of orthodoxy," Cambridge Journal of Economics, Oxford University Press, vol. 32(3), pages 349-366, May.
    19. Peter E. Earl & Ti-Ching Peng, 2012. "Brands of Economics and the Trojan Horse of Pluralism," Review of Political Economy, Taylor & Francis Journals, vol. 24(3), pages 451-467, July.
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