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

Author

Listed:
  • 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

    as
    1. Robinson, Joan, 1977. "What Are the Questions?," Journal of Economic Literature, American Economic Association, vol. 15(4), pages 1318-1339, December.
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    4. 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.
    5. Marglin, Stephen A, 1984. "Growth, Distribution, and Inflation: A Centennial Synthesis," Cambridge Journal of Economics, Oxford University Press, vol. 8(2), pages 115-144, June.
    6. Harcourt, G C & Kenyon, Peter, 1976. "Pricing and the Investment Decision," Kyklos, Wiley Blackwell, vol. 29(3), pages 449-477.
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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.

    More about this item

    Keywords

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

    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
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian

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