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Setting the Record Straight on “a History of Post Keynesian Economics”

In: Interpreting Keynes for the 21st Century

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  • Paul Davidson

Abstract

John King has written a powerful, interesting, and useful History of Post Keynesian Economics. King states that although Post Keynesian theory mounted a major challenge to orthodox macroeconomics in the last few decades, it has “ultimately failed to supplant it” (2002, p. 1). The object of this book is to explain (determine?) why Post Keynesianism did not supplant orthodox macroeconomics (p. 1).

Suggested Citation

  • 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.
    • Handle: RePEc:pal:palchp:978-0-230-28655-9_19
    DOI: 10.1057/9780230286559_19
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    Cited by:

    1. Antonio Carlos Macedo e Silva & Cláudio Hamílton dos Santos, 2008. "Peering over the edge of the short period? The Keynesian Roots of Stock-Flow Consistent Macroeconomic Models," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807151456380, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. Arne Heise, 2017. "Walras' Law in the Context of Pre-Analytic Visions," Economic Thought, World Economics Association, vol. 6(1), pages 83-96, March.
    3. Arne Heise, 2024. "Keynes and the drunkard under the lamp post: Making sense of Palley," Japanese Economy, Taylor & Francis Journals, vol. 50(1), pages 47-62, January.
    4. Andrew Mearman, 2010. "What is this thing called ‘heterodox economics’?," Working Papers 1006, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    5. Neil Hart & Peter Kriesler, 2014. "Keynes, Kalecki, Sraffa: Coherence?," Discussion Papers 2014-06, School of Economics, The University of New South Wales.
    6. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    7. León Díaz, John Jairo, 2007. "Keynesianismo, Poskeynesianismo y Nuevokeynesianismo: ¿Tres doctrinas diferentes y una sóla teoría verdadera? [Keynesianism, PostKeynesianism and Newkeynesianism: ¿Three different doctrines just on," MPRA Paper 4600, University Library of Munich, Germany, revised 2007.
    8. Engelbert Stockhammer, 2008. "Is The Nairu Theory A Monetarist, New Keynesian, Post Keynesian Or A Marxist Theory?," Metroeconomica, Wiley Blackwell, vol. 59(3), pages 479-510, July.
    9. Kemp-Benedict, Eric, 2014. "The inverted pyramid: A neo-Ricardian view on the economy–environment relationship," Ecological Economics, Elsevier, vol. 107(C), pages 230-241.
    10. Thomas Goda, 2017. "A comparative review of the role of income inequality in economic crisis theories and its contribution to the financial crisis of 2007-2009," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 9(1), pages 151-174, February.
    11. Giuseppe Fontana & Bill Gerrard, 2006. "The future of Post Keynesian economics," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 49-80.
    12. Thomas Goda, 2013. "The role of income inequality in crisis theories and in the subprime crisis," Working Papers PKWP1305, Post Keynesian Economics Society (PKES).
    13. Achim Truger, 2013. "Book review - Davidson Paul, Post Keynesian Macroeconomic Theory: A Foundation for Successful Economic Policies for the Twenty-First Century, 2nd Edition (, Cheltenham, UK 2011) 360 pages," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(3), pages 385-388.
    14. Silvano Cincotti & Wolfram Elsner & Nathalie Lazaric & Anastasia Nesvetailova & Engelbert Stockhammer, 2020. "Towards an evolutionary political economy. Editorial to the inaugural issue of the Review of Evolutionary Political Economy REPE," Review of Evolutionary Political Economy, Springer, vol. 1(1), pages 1-12, May.
    15. 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.
    16. Heise, Arne, 2019. "Post-Keynesian Economics - Challenging the Neo-Classical Mainstream," MPRA Paper 99280, University Library of Munich, Germany.
    17. Charles J. Whalen, 2016. "Post-Keynesian economics: a pluralistic alternative to conventional economics," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 7(1), pages 22-38.

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