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Introduction [to Handbook of Post-Keynesian Economics: Oxford University Press: USA]

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  • Geoffrey Harcourt

    (The University of New South Wales)

  • Peter Kriesler

    ()
    (The University of New South Wales)

Abstract

In this Introduction, we discuss the main themes of post-Keynesian economics, and the manner in which they are dealt with by the contributors to the Handbook. In particular, the important aspects of post-Keynesian analysis are identified, and their main critiques of mainstream theory are discussed. According to Joan Robinson “post-Keynesian has a definite meaning; it applies to an economic theory or method of analysis which takes account of the difference between the future and the past”. In other words, historical time forms the basis of post-Keynesian analysis, which also stresses the importance of history, uncertainty, society and institutions in understanding economic phenomena.

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File URL: http://research.economics.unsw.edu.au/RePEc/papers/2012-33.pdf
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Bibliographic Info

Paper provided by School of Economics, The University of New South Wales in its series Discussion Papers with number 2012-33.

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Length: 71 pages
Date of creation: May 2012
Date of revision:
Handle: RePEc:swe:wpaper:2012-33

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Keywords: history of economic thought; post-Keynesian; equilibrium and disequilibrium; path-dependency; hysteresis; cumulative causation and the evolutionary;

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  1. G. C. Harcourt, 1985. "A Twentieth-Century Eclectic: Richard Goodwin," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 7(3), pages 410-421, April.
  2. Harcourt, G C, 1969. "Some Cambridge Controversies in the Theory of Capital," Journal of Economic Literature, American Economic Association, vol. 7(2), pages 369-405, June.
  3. Coutts, Ken & Norman, Neville R., 2007. "Global influences on UK manufacturing prices: 1970-2000," European Economic Review, Elsevier, vol. 51(5), pages 1205-1221, July.
  4. Harcourt, G C & Kenyon, Peter, 1976. "Pricing and the Investment Decision," Kyklos, Wiley Blackwell, vol. 29(3), pages 449-77.
  5. Anwar Shaikh, 2005. "Nonlinear Dynamics and Pseudo-Production Functions," Eastern Economic Journal, Eastern Economic Association, vol. 31(3), pages 447-466, Summer.
  6. Fisher, Franklin M, 1972. "On Price Adjustment without an Auctioneer," Review of Economic Studies, Wiley Blackwell, vol. 39(1), pages 1-15, January.
  7. Fisher, Franklin M, 1978. "Quantity Constraints, Spillovers and the Hahn Process," Review of Economic Studies, Wiley Blackwell, vol. 45(1), pages 19-31, February.
  8. Michel-Stéphane Dupertuis & Ajit Sinha, 2009. "A Sraffian critique of the classical notion of centre of gravitation," Cambridge Journal of Economics, Oxford University Press, vol. 33(6), pages 1065-1087, November.
  9. Marglin, Stephen A, 1984. "Growth, Distribution, and Inflation: A Centennial Synthesis," Cambridge Journal of Economics, Oxford University Press, vol. 8(2), pages 115-44, June.
  10. Tony Lawson, 1994. "The Nature of Post Keynesianism and Its Links to Other Traditions: A Realist Perspective," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 16(4), pages 503-538, July.
  11. Robinson, Joan, 1977. "What Are the Questions?," Journal of Economic Literature, American Economic Association, vol. 15(4), pages 1318-39, December.
  12. Eichner, Alfred S, 1973. "A Theory of the Determination of the Mark-up Under Oligopoly," Economic Journal, Royal Economic Society, vol. 83(332), pages 1184-1200, December.
  13. Eichner, Alfred S & Kregel, J A, 1975. "An Essay on Post-Keynesian Theory: A New Paradigm in Economics," Journal of Economic Literature, American Economic Association, vol. 13(4), pages 1293-1314, December.
  14. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
  15. Forder, James, 1996. "On the Assessment and Implementation of 'Institutional' Remedies," Oxford Economic Papers, Oxford University Press, vol. 48(1), pages 39-51, January.
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