Setting the Record Straight on “a History of Post Keynesian Economics”
Paul Davidson
Abstract
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). These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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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). These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Key concepts: Keynesian economics, Post-Keynesian economics, Economics, New Keynesian economics, Object (grammar), Neoclassical economics, Philosophy, Monetary policy