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Setting the record straight on A history of Post Keynesian economics

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  • PAUL DAVIDSON

Abstract

In A History of Post Keynesian Economics Since 1936, John King has written an excellent historian's view of the development of Post Keynesian economics. The author of this paper has actually lived through the development of Post Keynesian economics from its beginning in the 1950s. Accordingly, the paper corrects some inaccurate historical details presented by King. More importantly, the paper provides a significantly different interpretation of many of the historical episodes discussed by King. Finally, the paper suggests what the future of Post Keynesian economics will be.

Suggested Citation

  • Paul Davidson, 2003. "Setting the record straight on A history of Post Keynesian economics," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 26(2), pages 245-272.
    • Handle: RePEc:mes:postke:v:26:y:2003:i:2:p:245-272
    DOI: 10.1080/01603477.2003.11051396
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    Cited by:

    1. Thomas Goda, 2013. "The role of income inequality in crisis theories and in the subprime crisis," Working Papers PKWP1305, Post Keynesian Economics Society (PKES).
    2. Antonio Carlos Macedo e Silva & Cláudio Hamílton dos Santos, 2008. "Peering over the edge of the short period? The Keynesian Roots of Stock-Flow Consistent Macroeconomic Models," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807151456380, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    3. Arne Heise, 2017. "Walras' Law in the Context of Pre-Analytic Visions," Economic Thought, World Economics Association, vol. 6(1), pages 83-96, March.
    4. Engelbert Stockhammer, 2008. "Is The Nairu Theory A Monetarist, New Keynesian, Post Keynesian Or A Marxist Theory?," Metroeconomica, Wiley Blackwell, vol. 59(3), pages 479-510, July.
    5. Andrew Mearman, 2010. "What is this thing called ‘heterodox economics’?," Working Papers 1006, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    6. Giuseppe Fontana & Bill Gerrard, 2006. "The future of Post Keynesian economics," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 49-80.
    7. Achim Truger, 2013. "Book review - Davidson Paul, Post Keynesian Macroeconomic Theory: A Foundation for Successful Economic Policies for the Twenty-First Century, 2nd Edition (, Cheltenham, UK 2011) 360 pages," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(3), pages 385-388.
    8. Neil Hart & Peter Kriesler, 2014. "Keynes, Kalecki, Sraffa: Coherence?," Discussion Papers 2014-06, School of Economics, The University of New South Wales.
    9. 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.
    10. Silvano Cincotti & Wolfram Elsner & Nathalie Lazaric & Anastasia Nesvetailova & Engelbert Stockhammer, 2020. "Towards an evolutionary political economy. Editorial to the inaugural issue of the Review of Evolutionary Political Economy REPE," Review of Evolutionary Political Economy, Springer, vol. 1(1), pages 1-12, May.
    11. León Díaz, John Jairo, 2007. "Keynesianismo, Poskeynesianismo y Nuevokeynesianismo: ¿Tres doctrinas diferentes y una sóla teoría verdadera? [Keynesianism, PostKeynesianism and Newkeynesianism: ¿Three different doctrines just on," MPRA Paper 4600, University Library of Munich, Germany, revised 2007.
    12. Victoria Chick, 2013. "The future is open: on open-system theorising in economics," Chapters, in: Jesper Jespersen & Mogens Ove Madsen (ed.), Teaching Post Keynesian Economics, chapter 3, pages 56-72, Edward Elgar Publishing.
    13. Heise, Arne, 2023. "Keynes and the drunkard under the lamp post: Making sense of Palley," ZÖSS-Discussion Papers 103, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
    14. Kemp-Benedict, Eric, 2014. "The inverted pyramid: A neo-Ricardian view on the economy–environment relationship," Ecological Economics, Elsevier, vol. 107(C), pages 230-241.
    15. Heise, Arne, 2019. "Post-Keynesian Economics - Challenging the Neo-Classical Mainstream," MPRA Paper 99280, University Library of Munich, Germany.
    16. Thomas Goda, 2017. "A comparative review of the role of income inequality in economic crisis theories and its contribution to the financial crisis of 2007-2009," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 9(1), pages 151-174, February.
    17. Charles J. Whalen, 2016. "Post-Keynesian economics: a pluralistic alternative to conventional economics," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 7(1), pages 22-38.

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