[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/swe/wpaper/2014-06.html
   My bibliography  Save this paper

Keynes, Kalecki, Sraffa: Coherence?

Author

Listed:
  • Neil Hart

    (Industrial Relations Research Centre, the University of New South Wales)

  • Peter Kriesler

    (School of Economics, Australian School of Business, the University of New South Wales)

Abstract
This paper, in honour of John King, addresses the question raised by him in his A History of Post-Keynesian since 1936, reflected in the title. Initial surveys of post-Keynesian economics defined it in term of the Keynesian, Kaleckian and Sraffian strands. However, subsequently, it has become less clear that the Sraffian stream should be included under the ‘broad church’ known as post-Keynesian economics. Serious and irreconcilable methodological differences exist between Sraffians and post-Keynesians about the validity of comparisons of long-run equilibrium positions, the role of historical time and the importance of uncertainty.

Suggested Citation

  • Neil Hart & Peter Kriesler, 2014. "Keynes, Kalecki, Sraffa: Coherence?," Discussion Papers 2014-06, School of Economics, The University of New South Wales.
    • Handle: RePEc:swe:wpaper:2014-06
    as

    Download full text from publisher

    File URL: http://research.economics.unsw.edu.au/RePEc/papers/2014-06.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. G. C. Harcourt, 1981. "Marshall, Sraffa and Keynes: Incompatible Bedfellows," Eastern Economic Journal, Eastern Economic Association, vol. 7(1), pages 39-50, Jan-Mar.
    2. J. M. Keynes, 1937. "The General Theory of Employment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 51(2), pages 209-223.
    3. Joan Robinson, 1985. "The Theory of Normal Prices and Reconstruction of Economic Theory," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Issues in Contemporary Macroeconomics and Distribution, chapter 4, pages 157-165, Palgrave Macmillan.
    4. Paul Davidson, 2007. "Setting the Record Straight on “a History of Post Keynesian Economics”," Palgrave Macmillan Books, in: Interpreting Keynes for the 21st Century, chapter 19, pages 227-253, Palgrave Macmillan.
    5. Hamouda, Omar F & Harcourt, G C, 1988. "Post Keynesianism: From Criticism to Coherence?," Bulletin of Economic Research, Wiley Blackwell, vol. 40(1), pages 1-33, January.
    6. Harcourt,G. C., 1972. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9780521096720, September.
    7. Kriesler, P., 1992. "Answers for Steedman," Papers 92-1, New South Wales - School of Economics.
    8. Paul Davidson, 2002. "Financial Markets, Money and the Real World," Books, Edward Elgar Publishing, number 2467.
    9. Harcourt, Geoffrey & Kriesler, Peter (ed.), 2013. "The Oxford Handbook of Post-Keynesian Economics, Volume 1: Theory and Origins," OUP Catalogue, Oxford University Press, number 9780195390766.
    10. Richard Arena & Stephanie Blankenburg, 2013. "Sraffa, Keynes and Post-Keynesians : suggestions for a synthesis in the making," Post-Print halshs-00941378, HAL.
    11. Robinson, Joan, 1978. "Contributions to Modern Economics," Elsevier Monographs, Elsevier, edition 1, number 9780125905503.
    12. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
    13. J. E. King, 1995. "Conversations with Post Keynesians," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37882-7, October.
    14. Harcourt, G C, 1986. "On the Influence of Piero Sraffa on the Contributions of Joan Robinson to Economic Theory," Economic Journal, Royal Economic Society, vol. 96(380a), pages 96-108, Supplemen.
    15. Bhaduri, Amit & Robinson, Joan, 1980. "Accumulation and Exploitation: An Analysis in the Tradition of Marx, Sraffa and Kalecki," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 4(2), pages 103-115, June.
    16. Tony Aspromourgos, 2004. "Sraffian research programmes and unorthodox economics," Review of Political Economy, Taylor & Francis Journals, vol. 16(2), pages 179-206.
    17. J. E. King, 2002. "A History of Post Keynesian Economics since 1936," Books, Edward Elgar Publishing, number 2135.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. William A. Jackson, 2018. "Strategic Pluralism and Monism in Heterodox Economics," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(2), pages 237-251, June.
    2. Kemp-Benedict, Eric, 2014. "A Kaleckian Model with Intermediate Goods," MPRA Paper 57076, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Antonio Carlos Macedo e Silva & Cláudio Hamílton dos Santos, 2008. "Peering over the edge of the short period? The Keynesian Roots of Stock-Flow Consistent Macroeconomic Models," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807151456380, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. Charles J. Whalen, 2016. "Post-Keynesian economics: a pluralistic alternative to conventional economics," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 7(1), pages 22-38.
    3. Gary Mongiovi, 2001. "The Cambridge Tradition in Economics: An interview with G. C. Harcourt," Review of Political Economy, Taylor & Francis Journals, vol. 13(4), pages 503-521.
    4. Eckhard Hein, 2017. "Post-Keynesian macroeconomics since the mid 1990s: main developments," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 14(2), pages 131-172, September.
    5. Giuseppe Fontana & Bill Gerrard, 2006. "The future of Post Keynesian economics," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 49-80.
    6. David Simpson, 2013. "The Rediscovery of Classical Economics," Books, Edward Elgar Publishing, number 15080.
    7. Silvano Cincotti & Wolfram Elsner & Nathalie Lazaric & Anastasia Nesvetailova & Engelbert Stockhammer, 2020. "Towards an evolutionary political economy. Editorial to the inaugural issue of the Review of Evolutionary Political Economy REPE," Review of Evolutionary Political Economy, Springer, vol. 1(1), pages 1-12, May.
    8. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    9. Kakarot-Handtke, Egmont, 2010. "Axiomatic Basics of e-Economics," MPRA Paper 24331, University Library of Munich, Germany.
    10. John E. King, 2010. "Kaldor and the Kaldorians," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 7, Edward Elgar Publishing.
    11. J. Barkley Rosser, Jr, 2011. "Post Keynesian Perspectives And Complex Ecologic–Economic Dynamics," Metroeconomica, Wiley Blackwell, vol. 62(1), pages 96-121, February.
    12. Claudio Sardoni, 2011. "Unemployment, Recession and Effective Demand," Books, Edward Elgar Publishing, number 13837.
    13. G. C. Harcourt, 2015. "On the Cambridge, England, Critique of the Marginal Productivity Theory of Distribution," Review of Radical Political Economics, Union for Radical Political Economics, vol. 47(2), pages 243-255, June.
    14. Stephanie Blankenburg, 2011. "On Sraffa, post-Keynesian theories of pricing and capitalist competition: Some observations," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 8(1), pages 183-200.
    15. Thomas Goda, 2017. "A comparative review of the role of income inequality in economic crisis theories and its contribution to the financial crisis of 2007-2009," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 9(1), pages 151-174, February.
    16. Thomas Goda, 2013. "The role of income inequality in crisis theories and in the subprime crisis," Working Papers PKWP1305, Post Keynesian Economics Society (PKES).
    17. John Hatch & Colin Rogers, 1997. "Distinguished Fellow of the Economic Society of Australia, 1996: Professor Emeritus Geoff Harcourt," The Economic Record, The Economic Society of Australia, vol. 73(221), pages 97-100, June.
    18. Andrew Mearman, 2010. "What is this thing called ‘heterodox economics’?," Working Papers 1006, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    19. Juan Hernández Andreu & Guido Tortorella Expósito, 2014. "Incertidumbre, ciclo económico y crisis según el enfoque continuista del pensamiento keynesiano [Uncertainty, economic cycles and economic crises according to the continuism approach of Keynesian t," Iberian Journal of the History of Economic Thought, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Dpto. Historia e Instituciones Económicas I., vol. 1(1), pages 44-72, September.
    20. Brian Loasby, 2012. "Edith Penrose and George Richardson," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 18, Edward Elgar Publishing.

    More about this item

    Keywords

    Keynes; post-Keynesians; Sraffians; methodology; path determinacy; traverse;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:swe:wpaper:2014-06. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hongyi Li (email available below). General contact details of provider: https://edirc.repec.org/data/senswau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.