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Opportunities and challenges for post-Keynesian economics?

In: Progressive Post-Keynesian Economics

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Abstract

The current situation offers great opportunities for Post Keynesians to offer a persuasive alternative to mainstream economics. This chapter explores these opportunities and the Post-Keynesian ideas of long standing for alternative theories and policies. The focus is put on two controversial issues which arise when considering the best route forward: the place, respectively, of mathematical modelling and pluralism. It is argued that Post-Keynesian modelling be considered as part of a pluralist methodology, as against dualism: the only-modelling and no-modelling positions. It is also argued that Post Keynesianism should be pursued, not only with a pluralist methodology, but also within a pluralist landscape alongside other schools of thought. This is quite compatible with Post Keynesians trying to persuade others that their approach is better than alternatives to understand reality.

Suggested Citation

  • Sheila Dow, 2019. "Opportunities and challenges for post-Keynesian economics?," Chapters, in: Jesper Jespersen & Finn Olesen (ed.), Progressive Post-Keynesian Economics, chapter 1, pages 1-15, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18368_1
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    Economics and Finance;

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