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Scrap the lot and start again


  • Kakarot-Handtke, Egmont


In the wake of the recent financial crisis heterodox economists have taken up a time-honored refrain and proposed to abandon the axiomatic method. The present paper argues that this proposal is self-defeating

Suggested Citation

  • Kakarot-Handtke, Egmont, 2011. "Scrap the lot and start again," MPRA Paper 29812, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:29812

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    References listed on IDEAS

    1. Laidler,David, 1999. "Fabricating the Keynesian Revolution," Cambridge Books, Cambridge University Press, number 9780521641739, May.
    2. Roy J. Rotheim, 1981. "Keynes' Monetary Theory of Value (1933)," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 3(4), pages 568-585, July.
    3. Hollander, Samuel, 1977. "Adam Smith and the Self-Interest Axiom," Journal of Law and Economics, University of Chicago Press, vol. 20(1), pages 133-152, April.
    4. Axel Leijonhufvud, 2009. "Out of the corridor: Keynes and the crisis," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 741-757, July.
    5. Coddington, Alan, 1976. "Keynesian Economics: The Search for First Principles," Journal of Economic Literature, American Economic Association, vol. 14(4), pages 1258-1273, December.
    6. Geoff Harcourt, 2011. "The Crisis in Mainstream Economics," Discussion Papers 2011-12, School of Economics, The University of New South Wales.
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    More about this item


    Axiomatization; Keynesianism;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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