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Introduction [to Handbook of Post-Keynesian Economics: Oxford University Press: USA]

Author

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  • Geoffrey Harcourt

    (The University of New South Wales)

  • Peter Kriesler

    (The University of New South Wales)

Abstract

In this Introduction, we discuss the main themes of post-Keynesian economics, and the manner in which they are dealt with by the contributors to the Handbook. In particular, the important aspects of post-Keynesian analysis are identified, and their main critiques of mainstream theory are discussed. According to Joan Robinson “post-Keynesian has a definite meaning; it applies to an economic theory or method of analysis which takes account of the difference between the future and the past”. In other words, historical time forms the basis of post-Keynesian analysis, which also stresses the importance of history, uncertainty, society and institutions in understanding economic phenomena.

Suggested Citation

  • Geoffrey Harcourt & Peter Kriesler, 2012. "Introduction [to Handbook of Post-Keynesian Economics: Oxford University Press: USA]," Discussion Papers 2012-33, School of Economics, The University of New South Wales.
  • Handle: RePEc:swe:wpaper:2012-33
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    File URL: http://research.economics.unsw.edu.au/RePEc/papers/2012-33.pdf
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    References listed on IDEAS

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    Cited by:

    1. David Andrews, 2014. "Adam Smith's Natural Prices, the Gravitation Metaphor, and the Purposes of Nature," Economic Thought, World Economics Association, vol. 3(1), pages 1-42, March.

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    More about this item

    Keywords

    history of economic thought; post-Keynesian; equilibrium and disequilibrium; path-dependency; hysteresis; cumulative causation and the evolutionary;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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