Introduction (To Handbook of Post-Keynesian Economics: Oxford University Press: USA)

71 Pages Posted: 23 May 2012 Last revised: 30 Aug 2012

See all articles by G.C. Harcourt

G.C. Harcourt

UNSW Australia Business School, School of Economics

Peter Kriesler

UNSW Australia Business School, School of Economics

Date Written: May 3, 2012

Abstract

In this Introduction, we discuss the main themes of post-Keynesian economics, and the manner in which they are dealt with by the contributors to the Handbook. In particular, the important aspects of post-Keynesian analysis are identified, and their main critiques of mainstream theory are discussed. According to Joan Robinson “post-Keynesian has a definite meaning; it applies to an economic theory or method of analysis which takes account of the difference between the future and the past." In other words, historical time forms the basis of post-Keynesian analysis, which also stresses the importance of history, uncertainty, society and institutions in understanding economic phenomena.

Keywords: Post-Keynesian economics, history of economic thought, economic methodology, heterodox approaches

JEL Classification: B00, B41, B50, E12

Suggested Citation

Harcourt, G.C. and Kriesler, Peter, Introduction (To Handbook of Post-Keynesian Economics: Oxford University Press: USA) (May 3, 2012). UNSW Australian School of Business Research Paper No. 2012-33, Available at SSRN: https://ssrn.com/abstract=2064239 or http://dx.doi.org/10.2139/ssrn.2064239

G.C. Harcourt

UNSW Australia Business School, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia

Peter Kriesler (Contact Author)

UNSW Australia Business School, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia

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