Mythical Ages and Methodological Strictures - Joan Robinson's Contributions to the Theory of Economic Growth
This paper considers some methodological aspects of Joan Robinson's contribution to post-Keynesian growth theory. Joan Robinson's criticisms of equilibrium analysis, of the conflation of logical and historical time and of the uses (and misuses) of mathematical formalisation are scathing. But while many of her points are well taken, parts of her argument appear questionable. As a result, her methodological critique of equilibrium economics may be misleading. Moreover, she failed to appreciate the potential gains from mathematical formalisation. The further development of a Robinsonian analysis of economic growth calls for a reconsideration of these aspects of her legacy.
|Date of creation:||Jun 2004|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.umass.edu/economics
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tobin, James, 1975.
"Keynesian Models of Recession and Depression,"
American Economic Review,
American Economic Association, vol. 65(2), pages 195-202, May.
- Peter Flaschel & Peter Skott, 2006.
"Steindlian Models Of Growth And Stagnation,"
Wiley Blackwell, vol. 57(3), pages 303-338, 07.
- Gram, Harvey & Walsh, Vivian, 1983. "Joan Robinson's Economics in Retrospect," Journal of Economic Literature, American Economic Association, vol. 21(2), pages 518-50, June.
- repec:cup:cbooks:9780521365963 is not listed on IDEAS
- Peter Flaschel & Reiner Franke, 2000. "An Old-Keynesian Note on Destabilizing Price Flexibility," Review of Political Economy, Taylor & Francis Journals, vol. 12(3), pages 273-283.
- Kaldor, Nicholas, 1972. "The Irrelevance of Equilibrium Economics," Economic Journal, Royal Economic Society, vol. 82(328), pages 1237-55, December.
- repec:cup:cbooks:9780521643511 is not listed on IDEAS
When requesting a correction, please mention this item's handle: RePEc:ums:papers:2004-09. 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: (Arslan Razmi)
If references are entirely missing, you can add them using this form.