IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/34255.html
   My bibliography  Save this paper

A critical perspective on heterodox production modeling

Author

Listed:
  • Murray, Michael/ M J

Abstract

Production and distribution needs a proper place in heterodox economics. It has recently been suggested that the construction of production models needs to be empirically grounded. Also it has been stated that empirically grounded production models must be circular production models. This argument then marginalizes the contributions of important economists in heterodox thought. The paper will argue that heterodox production models need not be perfectly circular to make important contributions for heterodox production theory. Furthermore, it will be argued that models which consist of elements of hierarchial structures of production put emphasis on out of equilibrium traverse processes and historical time.

Suggested Citation

  • Murray, Michael/ M J, 2011. "A critical perspective on heterodox production modeling," MPRA Paper 34255, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:34255
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/34255/1/MPRA_paper_34255.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Andrew Trigg & Frederic Lee, 2005. "Pasinetti, Keynes and the multiplier," Review of Political Economy, Taylor & Francis Journals, vol. 17(1), pages 29-43.
    2. Pasinetti,Luigi, 1993. "Structural Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521432825, December.
    3. Jorgenson, Dale W., 1960. "Growth and Fluctuations: A Causal Interpretation," Scholarly Articles 3403056, Harvard University Department of Economics.
    4. Hamouda, Omar F & Harcourt, G C, 1988. "Post Keynesianism: From Criticism to Coherence?," Bulletin of Economic Research, Wiley Blackwell, vol. 40(1), pages 1-33, January.
    5. Tony Lawson, 1994. "The Nature of Post Keynesianism and Its Links to Other Traditions: A Realist Perspective," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 16(4), pages 503-538, July.
    6. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, December.
    7. Pasinetti,Luigi L., 2007. "Keynes and the Cambridge Keynesians," Cambridge Books, Cambridge University Press, number 9780521872270, December.
    8. J. A. Kregel, 1980. "Markets and Institutions as Features of a Capitalistic Production System," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 3(1), pages 32-48, October.
    9. Lowe, A., 1997. "How is business cycle theory possible at all?," Structural Change and Economic Dynamics, Elsevier, vol. 8(2), pages 245-270, June.
    10. Arestis, Philip, 1996. "Post-Keynesian Economics: Towards Coherence," Cambridge Journal of Economics, Oxford University Press, vol. 20(1), pages 111-135, January.
    11. Miller,Ronald E. & Blair,Peter D., 2009. "Input-Output Analysis," Cambridge Books, Cambridge University Press, number 9780521517133, December.
    12. Miller,Ronald E. & Blair,Peter D., 2009. "Input-Output Analysis," Cambridge Books, Cambridge University Press, number 9780521739023, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Heterodox Economic Theory; Heterodox Price and Production Modeling;

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:34255. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.