Review Article |
A history of post-Keynesian economics
* Honorary Research Fellow of the Discipline of English, Communication and Cultural Studies, School of Social and Cultural Studies, University of Western Australia
Address for correspondence: Discipline of English, Communication and Cultural Studies, School of Social and Cultural Studies, University of Western Australia; email: pruekerr{at}cyllene.uwa.edu.au
John King, in his A History of Post Keynesian Economics Since 1936, raises the question of whether there exists a body of work which can be called, collectively, post Keynesian. This paper presents some criteria for addressing this question, beginning with the vision and the origins of some of the post-Keynesian ideas, leading to an examination of certain features of the various groups, including their methodology and their approaches to uncertainty, their pricing theories and their growth theories. It is concluded that, although there is much diversity in the various groups, they are reconcilable when seen as referring to different aspects of the economic process and at differing levels of abstraction.
Key Words: Kalecki • Keynes • King • Robinson • Sraffa • growth • methodology • pricing
JEL classifications: B51, E11, E12
Manuscript received March 15, 2004; final version received July 14, 2004.