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Cambridge Journal of Economics 27:359-376 (2003)
Copyright © 2003 Cambridge Political Economy Society

Article

Keynes's dialectic?

Mark Setterfield*

*Trinity College, Hartford.

Address for correspondence: Department of Economics, Trinity College, Hartford, CT 06106, USA; email: mark.setterfield{at}trincoll.edu

Abstract

This paper identifies a dialectical method of analysis in the social sciences which, potentially, can be applied to any social system that evolves historically. It is shown that a dialectic exists in post-Keynesian economics, arising from the opposition of conventional and innovative behaviours under conditions of fundamental uncertainty. This dialectic is compared to and contrasted with the dialectical interaction between forces and relations of production in historical materialism.

Key Words: Dialectics • Post-Keynesianism • Marxism • Historical time • Uncertainty


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