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Keynes, Kalecki, Sraffa: Coherence?

Listed author(s):
  • Neil Hart

    (Industrial Relations Research Centre, the University of New South Wales)

  • Peter Kriesler

    (School of Economics, Australian School of Business, the University of New South Wales)

This paper, in honour of John King, addresses the question raised by him in his A History of Post-Keynesian since 1936, reflected in the title. Initial surveys of post-Keynesian economics defined it in term of the Keynesian, Kaleckian and Sraffian strands. However, subsequently, it has become less clear that the Sraffian stream should be included under the ‘broad church’ known as post-Keynesian economics. Serious and irreconcilable methodological differences exist between Sraffians and post-Keynesians about the validity of comparisons of long-run equilibrium positions, the role of historical time and the importance of uncertainty.

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Paper provided by School of Economics, The University of New South Wales in its series Discussion Papers with number 2014-06.

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Length: 24 pages
Date of creation: Jan 2014
Handle: RePEc:swe:wpaper:2014-06
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  1. G. C. Harcourt, 1981. "Marshall, Sraffa and Keynes: Incompatible Bedfellows," Eastern Economic Journal, Eastern Economic Association, vol. 7(1), pages 39-50, Jan-Mar.
  2. J. M. Keynes, 1937. "The General Theory of Employment," The Quarterly Journal of Economics, Oxford University Press, vol. 51(2), pages 209-223.
  3. Harcourt,G. C., 1972. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9780521096720, August.
  4. Tony Aspromourgos, 2004. "Sraffian research programmes and unorthodox economics," Review of Political Economy, Taylor & Francis Journals, vol. 16(2), pages 179-206.
  5. 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.
  6. Kriesler, P., 1992. "Answers for Steedman," Papers 92-1, New South Wales - School of Economics.
  7. Richard Arena & Stephanie Blankenburg, 2013. "Sraffa, Keynes and Post-Keynesians : suggestions for a synthesis in the making," Post-Print halshs-00941378, HAL.
  8. Robinson, Joan, 1978. "Contributions to Modern Economics," Elsevier Monographs, Elsevier, edition 1, number 9780125905503.
  9. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
  10. Bhaduri, Amit & Robinson, Joan, 1980. "Accumulation and Exploitation: An Analysis in the Tradition of Marx, Sraffa and Kalecki," Cambridge Journal of Economics, Oxford University Press, vol. 4(2), pages 103-115, June.
  11. Paul Davidson, 2003. "Setting the record straight on A history of Post Keynesian economics," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 26(2), pages 245-272, December.
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