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A Realist Appraisal of Post-Keynesian Pricing Theory

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  • Downward, Paul

Abstract

This paper argues that, based on the ontological insights of critical realism, epistemological guidelines can be established to review post-Keynesian pricing theories critically. Consequently, the paper suggests a basis on which the coherence of post-Keynesian pricing theory can be established. Crucially, some often-cited contributions are inconsistent with such a realist-defined post-Keynesian economics. The role of empirical work in critical realism is discussed. Copyright 2000 by Oxford University Press.

Suggested Citation

  • Downward, Paul, 2000. "A Realist Appraisal of Post-Keynesian Pricing Theory," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 24(2), pages 211-224, March.
    • Handle: RePEc:oup:cambje:v:24:y:2000:i:2:p:211-24
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    Cited by:

    1. G. Hodgson, 2006. "Some Claims Made for Critical Realism in Economics: Two Case Studies," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 7.
    2. Annina Kaltenbrunner, 2018. "Financialised internationalisation and structural hierarchies: a mixed-method study of exchange rate determination in emerging economies," Cambridge Journal of Economics, Oxford University Press, vol. 42(5), pages 1315-1341.
    3. 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.
    4. Downward, Paul, 2004. "Post Keynesian pricing theory: Alternative foundations and prospects for future research," Journal of Economic Psychology, Elsevier, vol. 25(5), pages 661-670, October.

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