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On the Coherence of Post‐Keynesian Economics

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  • Bernard Walters
  • David Young

Abstract

Recently the claim that post‐Keynesianism represents a coherent alternative to orthodox/neoclassical theory has regained favour with many leading post‐Keynesians. The purpose of this paper is to consider the basis for any such claim that post‐Keynesianism is a coherent alternative. A variety of forms of coherence are considered in relation to post‐Keynesian analyses and a number of shortcomings are identified. The broad conclusion is that post‐Keynesianism has not yet decided upon its preferred conception of coherence and consequently, cannot be regarded, at present, as an alternative school of economic thought.

Suggested Citation

  • Bernard Walters & David Young, 1997. "On the Coherence of Post‐Keynesian Economics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 44(3), pages 329-349, August.
    • Handle: RePEc:bla:scotjp:v:44:y:1997:i:3:p:329-349
    DOI: 10.1111/1467-9485.00061
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    Cited by:

    1. 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.
    2. Finn Olesen, 2007. "Kritisk realisme og post keynesianisme," Working Papers 75/07, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.

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