Post-Keynesian Economics: An Unrecognized Heterodox School of Thought?

Finding common ground between ecological economics and post-Keynesian economics

a r t i c l e i n f o Post-Keynesian economics and ecological economics have in common that they are considered to be 'heterodox' schools of thought. Aside from that, there has not been a strong connection between them. Previous books on post-Keynesian economics contain no chapter on environmental or ecological issues. This neglect has led leading ecological economists to criticize post-Keynesi...

The Nature of Heterodox Economics

This is the last of 10 papers in this journal’s Symposium on Reorienting Economics, which has taken Tony Lawson’s book Reorienting Economics as its focal point. These papers together with Lawson’s replies to each (heretofore unpublished) will be published late in 2007 by the University of Michigan Press under the title Tony Lawson and His Critics. The contents of this collection can be viewed a...

The nature of heterodox economics

Heterodoxy serves as an umbrella term to cover the coming together of separate projects or traditions. In answering the question, ‘what distinguishes heterodoxy from the orthodoxy?’, the author argues that matters of ontology are central. In answering the question, ‘how are the various traditions that make up the modern heterodoxy to be distinguished from each other?’, the author defends criter...

Keynesian Economics

Keynesian economics (pronounced /ˈkeɪnziən/ KAYN-zee-ən, also called Keynesianism and Keynesian theory) is a macroeconomic theory based on the ideas of 20th century British economist John Maynard Keynes. Keynesian economics argues that private sector decisions sometimes lead to inefficient macroeconomic outcomes and therefore advocates active policy responses by the public sector, including mon...

Econometrics, Realism and Policy in Post Keynesian Economics