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Why does the history of economic thought neglect Post-Keynesian economics?

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  • Danielle Guizzo

    (Accounting, Economics and Finance Department, University of the West of England, Bristol, UK)

Abstract

Despite receiving increased interest after the global financial crisis of 2007–2008 and consolidating itself as an established research program, Post-Keynesian economics remains under-represented within publications on the history of economics. When compared to other traditional heterodox approaches such as Marxist, Institutionalist, and Austrian economics, Post-Keynesian economics falls behind considerably, contradicting the Post-Keynesian appreciation for the history of the discipline. This article explores some reasons behind this detachment by considering two main factors: first, the recent disciplinary and institutional changes experienced by the history of economics in the last ten years; and, second, the recent 'maturing state’ of Post-Keynesian economics and its unique treatment of the history of economic thought. The article concludes by suggesting a new research agenda for Post-Keynesianism, making use of the 'applied’ turn proposed by the recent history of economic thought as one of the strategies for Post-Keynesians to engage with the economics discipline.

Suggested Citation

  • Danielle Guizzo, 2020. "Why does the history of economic thought neglect Post-Keynesian economics?," Review of Keynesian Economics, Edward Elgar Publishing, vol. 8(1), pages 119-137, January.
  • Handle: RePEc:elg:rokejn:v:8:y:2020:i:1:p119-137
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    More about this item

    Keywords

    Post-Keynesian economics; history of economic thought; history of recent economics; post-war macroeconomics; traditional heterodoxy; new heterodoxy;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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