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The future is open: on open-system theorising in economics

In: Teaching Post Keynesian Economics

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  • Victoria Chick

Abstract

This book contends that post Keynesian economics has its own methodological and didactic basis, and its realistic analysis is much-needed in the current economic and financial crisis. At a time when the original message of Keynes’ General Theory is no longer present in most university syllabuses, this book celebrates the uniqueness of teaching post Keynesian economics, providing comparisons with traditional economic rationale and illustrating the advantages of post Keynesian pedagogy.

Suggested Citation

  • Victoria Chick, 2013. "The future is open: on open-system theorising in economics," Chapters, in: Jesper Jespersen & Mogens Ove Madsen (ed.), Teaching Post Keynesian Economics, chapter 3, pages 56-72, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15414_3
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    References listed on IDEAS

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    1. Brian Loasby, 2003. "Closed models and open systems," Journal of Economic Methodology, Taylor & Francis Journals, vol. 10(3), pages 285-306.
    2. Paul Davidson, 2007. "Setting the Record Straight on “a History of Post Keynesian Economics”," Palgrave Macmillan Books, in: Interpreting Keynes for the 21st Century, chapter 19, pages 227-253, Palgrave Macmillan.
    3. Joan Robinson, 1979. "The Generalisation of the General Theory and other Essays," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-16188-1, October.
    4. Geoffrey M. Hodgson (ed.), 2012. "Mathematics and Modern Economics," Books, Edward Elgar Publishing, number 14735.
    5. Dow, Sheila, 2002. "Economic Methodology: An Inquiry," OUP Catalogue, Oxford University Press, number 9780198776123.
    6. Sheila C. Dow, 2012. "Foundations for New Economic Thinking," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-00072-9, October.
    7. Sheila C. Dow & Victoria Chick, 2012. "The Meaning of Open Systems," Palgrave Macmillan Books, in: Foundations for New Economic Thinking, chapter 11, pages 178-196, Palgrave Macmillan.
    8. Andy Denis, 2016. "Microfoundations," Review of Political Economy, Taylor & Francis Journals, vol. 28(1), pages 134-152, January.
    9. Chick, Victoria & Dow, Sheila C, 2001. "Formalism, Logic and Reality: A Keynesian Analysis," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(6), pages 705-721, November.
    10. Ingham, Geoffrey, 2004. "The nature of money," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 5(2), pages 18-28.
    11. Skott,Peter, 2008. "Conflict and Effective Demand in Economic Growth," Cambridge Books, Cambridge University Press, number 9780521066310, January.
    12. Kregel, J A, 1976. "Economic Methodology in the Face of Uncertainty: The Modelling Methods of Keynes and the Post-Keynesians," Economic Journal, Royal Economic Society, vol. 86(342), pages 209-225, June.
    13. J. E. King, 2012. "The Microfoundations Delusion," Books, Edward Elgar Publishing, number 14065.
    14. Sheila C. Dow, 2005. "Axioms and Babylonian thought: a reply," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(3), pages 385-391.
    15. Paul Davidson, 2005. "Responses to Lavoie, King, and Dow on what Post Keynesianism is and who is a Post Keynesian," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(3), pages 393-408.
    16. Sheila C. Dow, 1996. "The Methodology of Macroeconomic Thought," Books, Edward Elgar Publishing, number 933.
    17. David Tuckett, 2011. "Minding the Markets," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-30782-7, October.
    18. Joan Robinson, 1979. "The Generalisation of the General Theory," Palgrave Macmillan Books, in: The Generalisation of the General Theory and other Essays, edition 0, pages 1-76, Palgrave Macmillan.
    19. Ezra Hauer & A. G. R. Bullen, 1976. "Books of Interest," Transportation Science, INFORMS, vol. 10(1), pages 102-109, February.
    20. Victoria Chick, 1983. "Macroeconomics after Keynes: A Reconsideration of the General Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262530457, April.
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