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Keynes, Kalecki, Sraffa: Coherence?

Author

Listed:
  • Neil Hart

    (Industrial Relations Research Centre, the University of New South Wales)

  • Peter Kriesler

    (School of Economics, Australian School of Business, the University of New South Wales)

Abstract

This paper, in honour of John King, addresses the question raised by him in his A History of Post-Keynesian since 1936, reflected in the title. Initial surveys of post-Keynesian economics defined it in term of the Keynesian, Kaleckian and Sraffian strands. However, subsequently, it has become less clear that the Sraffian stream should be included under the ‘broad church’ known as post-Keynesian economics. Serious and irreconcilable methodological differences exist between Sraffians and post-Keynesians about the validity of comparisons of long-run equilibrium positions, the role of historical time and the importance of uncertainty.

Suggested Citation

  • Neil Hart & Peter Kriesler, 2014. "Keynes, Kalecki, Sraffa: Coherence?," Discussion Papers 2014-06, School of Economics, The University of New South Wales.
    • Handle: RePEc:swe:wpaper:2014-06
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    File URL: http://research.economics.unsw.edu.au/RePEc/papers/2014-06.pdf
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    References listed on IDEAS

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    1. G. C. Harcourt, 1981. "Marshall, Sraffa and Keynes: Incompatible Bedfellows," Eastern Economic Journal, Eastern Economic Association, vol. 7(1), pages 39-50, Jan-Mar.
    2. Tony Aspromourgos, 2004. "Sraffian research programmes and unorthodox economics," Review of Political Economy, Taylor & Francis Journals, vol. 16(2), pages 179-206.
    3. Richard Arena & Stephanie Blankenburg, 2013. "Sraffa, Keynes and Post-Keynesians : suggestions for a synthesis in the making," Post-Print halshs-00941378, HAL.
    4. Robinson, Joan, 1978. "Contributions to Modern Economics," Elsevier Monographs, Elsevier, edition 1, number 9780125905503.
    5. 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.
    6. Harcourt, G C, 1986. "On the Influence of Piero Sraffa on the Contributions of Joan Robinson to Economic Theory," Economic Journal, Royal Economic Society, vol. 96(380a), pages 96-108, Supplemen.
    7. Bhaduri, Amit & Robinson, Joan, 1980. "Accumulation and Exploitation: An Analysis in the Tradition of Marx, Sraffa and Kalecki," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 4(2), pages 103-115, June.
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    13. Hamouda, Omar F & Harcourt, G C, 1988. "Post Keynesianism: From Criticism to Coherence?," Bulletin of Economic Research, Wiley Blackwell, vol. 40(1), pages 1-33, January.
    14. Kriesler, P., 1992. "Answers for Steedman," Papers 92-1, New South Wales - School of Economics.
    15. Harcourt, Geoffrey & Kriesler, Peter (ed.), 2013. "The Oxford Handbook of Post-Keynesian Economics, Volume 1: Theory and Origins," OUP Catalogue, Oxford University Press, number 9780195390766.
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    Cited by:

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    2. Kemp-Benedict, Eric, 2014. "A Kaleckian Model with Intermediate Goods," MPRA Paper 57076, University Library of Munich, Germany.

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    More about this item

    Keywords

    Keynes; post-Keynesians; Sraffians; methodology; path determinacy; traverse;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium

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