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Uncertainty, power, institutions, and crisis: implications for economic analysis and the future of capitalism

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  • Amitava Krishna Dutt

    (Department of Political Science, University of Notre Dame; FLACSO, Quito, Ecuador)

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  • Amitava Krishna Dutt, 2015. "Uncertainty, power, institutions, and crisis: implications for economic analysis and the future of capitalism," Review of Keynesian Economics, Edward Elgar Publishing, vol. 3(1), pages 9-28, January.
    • Handle: RePEc:elg:rokejn:v:3:y:2015:i:1:p9-28
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    References listed on IDEAS

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    1. Nishimura, Kiyohiko G. & Ozaki, Hiroyuki, 2007. "Irreversible investment and Knightian uncertainty," Journal of Economic Theory, Elsevier, vol. 136(1), pages 668-694, September.
    2. David Colander & Richard Holt & Barkley Rosser, 2004. "The changing face of mainstream economics," Review of Political Economy, Taylor & Francis Journals, vol. 16(4), pages 485-499.
    3. J. M. Keynes, 1937. "The General Theory of Employment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 51(2), pages 209-223.
    4. Paul Davidson, 1991. "Is Probability Theory Relevant for Uncertainty? A Post Keynesian Perspective," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 129-143, Winter.
    5. Guzzini, Stefano, 1993. "Structural power: the limits of neorealist power analysis," International Organization, Cambridge University Press, vol. 47(3), pages 443-478, July.
    6. Bartlett,Randall, 1989. "Economics and Power," Cambridge Books, Cambridge University Press, number 9780521355629.
    7. G. Hodgson, 2007. "What Are Institutions?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    8. Bhaduri, Amit & Marglin, Stephen, 1990. "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 14(4), pages 375-393, December.
    9. George A. Akerlof, 1982. "Labor Contracts as Partial Gift Exchange," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(4), pages 543-569.
    10. David Colander, 2018. "The Death Of Neoclassical Economics," Chapters, in: How Economics Should Be Done, chapter 5, pages 46-62, Edward Elgar Publishing.
    11. David Dequech, 2007. "Neoclassical, mainstream, orthodox, and heterodox economics," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 30(2), pages 279-302.
    12. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    13. Dutt, Amitava Krishna, 1984. "Stagnation, Income Distribution and Monopoly Power," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 8(1), pages 25-40, March.
    14. Tony Lawson, 2013. "What is this 'school' called neoclassical economics?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(5), pages 947-983.
    15. Amitava Krishna Dutt, 2003. "On Post Walrasian Economics, Macroeconomic Policy, and Heterodox Economics," International Journal of Political Economy, Taylor & Francis Journals, vol. 33(2), pages 47-67.
    16. William M. Dugger, 1980. "Power: An Institutional Framework of Analysis," Journal of Economic Issues, Taylor & Francis Journals, vol. 14(4), pages 897-907, December.
    17. Amitava Krishna Dutt, 2014. "Dimensions of Pluralism in Economics," Review of Political Economy, Taylor & Francis Journals, vol. 26(4), pages 479-494, October.
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    More about this item

    Keywords

    economic crisis; financial crisis; uncertainty; power; institutions; neoclassical economics; political economy; heterodox macroeconomics;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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