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2011•VBN Forskningsportal (Aalborg Universitet)Open access

Davidson on Keynes and Macroeconomics

Finn Olesen

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Abstract

In the history of economic thought Post Keynesianism offers a different interpretation of John Maynard Keynes's General Theory than what is known as mainstream Keynesianism.Being one of the most outstanding heterodox economists, in the Paul Davidson tradition of Post Keynesianism, a direct connection to the writings of Keynes is present theoretically as well as methodologically.This paper aims partly to present some views on Davidson's interpretation of Keynes and partly to present and discuss a textbook in Post Keynesian macroeconomics that Davidson wrote together with Smolensky in 1964.

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In the history of economic thought Post Keynesianism offers a different interpretation of John Maynard Keynes's General Theory than what is known as mainstream Keynesianism.Being one of the most outstanding heterodox economists, in the Paul Davidson tradition of Post Keynesianism, a direct connection to the writings of Keynes is present theoretically as well as methodologically.This paper aims partly to present some views on Davidson's interpretation of Keynes and partly to present and discuss a textbook in Post Keynesian macroeconomics that Davidson wrote together with Smolensky in 1964.

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Available abstract

In the history of economic thought Post Keynesianism offers a different interpretation of John Maynard Keynes's General Theory than what is known as mainstream Keynesianism.Being one of the most outstanding heterodox economists, in the Paul Davidson tradition of Post Keynesianism, a direct connection to the writings of Keynes is present theoretically as well as methodologically.This paper aims partly to present some views on Davidson's interpretation of Keynes and partly to present and discuss a textbook in Post Keynesian macroeconomics that Davidson wrote together with Smolensky in 1964.

Key concepts: Economics, Interpretation (philosophy), Keynesian economics, Post-Keynesian economics, Mainstream, General theory, Neoclassical economics, Positive economics

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