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Dr. Palley and the merits of conflict

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  • Heise, Arne

Abstract

Controversy is vital in the pursuit of knowledge. Constructive dispute can drive intellectual growth and deepen understanding within a field. However, mutual respect, thorough engagement, and intellectual humility are necessary for productive exchanges. In this vein, I clarify in my response to Tom Palley's critique of my article that I did not argue against his claim regarding social conflict in Keynesian economics. However, I questioned whether social conflict is the sole ontological fault line, as Palley suggests. Additionally, I highlighted the distinction between Keynes' economics and Keynesian economics, challenging Palley's lumping them together as part of a liberal project. In conclusion, Palley's assertions regarding the absence of social conflict in Keynesian economics and its implications for economic laws lack foundation.

Suggested Citation

  • Heise, Arne, 2024. "Dr. Palley and the merits of conflict," ZÖSS-Discussion Papers 105, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
    • Handle: RePEc:zbw:cessdp:300689
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    Keywords

    Keynes; social conflict; paradigm shift;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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